K PRODUCTION: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
K PRODUCTION
Largest movements
- Tangible fixed assets -€25,967
down €25,967 (-7.1%), from €365,218 to €339,251
of which Furniture and vehicles: -€14,214
- Cash +€14,696
up €14,696 (+8.2%), from €179,251 to €193,947
mainly Other debts (+€80,302) and Depreciation (+€26,691)
- Other debts +€80,302
up €80,302 (+65.5%), from €122,654 to €202,956
- Reserves -€56,000
down €56,000 (-33.7%), from €166,200 to €110,200
of which Distributable reserves: -€56,000
- Current portion of long-term debt -€25,447
down €25,447 (-91.6%), from €27,787 to €2,340
- Gross operating margin -€14,283
down €14,283 (-19.1%), from €74,624 to €60,341
- Taxes -€4,397
down €4,397 (-34.3%), from €12,826 to €8,429
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €551,301 | €540,619 | -€10,682 | -1.9% |
| Fixed assets | 21/28 | €365,243 | €339,276 | -€25,967 | -7.1% |
| Tangible fixed assets | 22/27 | €365,218 | €339,251 | -€25,967 | -7.1% |
| Land and buildings | 22 | €346,915 | €335,162 | -€11,753 | -3.4% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €18,303 | €4,089 | -€14,214 | -77.7% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €186,059 | €201,343 | +€15,285 | +8.2% |
| Amounts receivable within one year | 40/41 | €4,083 | €2,066 | -€2,017 | -49.4% |
| Trade receivables | 40 | €4,083 | €141 | -€3,943 | -96.6% |
| Other amounts receivable | 41 | €0 | €1,925 | +€1,925 | |
| Cash at bank and in hand | 54/58 | €179,251 | €193,947 | +€14,696 | +8.2% |
| Deferred charges and accrued income | 490/1 | €2,724 | €5,331 | +€2,607 | +95.7% |
| Total equity and liabilities | 10/49 | €551,301 | €540,619 | -€10,682 | -1.9% |
| Equity | 10/15 | €368,283 | €312,913 | -€55,370 | -15.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Contributions outside capital | 11 | €12,400 | €12,400 | = | 0.0% |
| Other | 1109/19 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €166,200 | €110,200 | -€56,000 | -33.7% |
| Non-distributable reserves | 130/1 | €24,400 | €24,400 | = | 0.0% |
| Reserves not available under the articles | 1311 | €24,400 | €24,400 | = | 0.0% |
| Tax-exempt reserves | 132 | €2,800 | €2,800 | = | 0.0% |
| Distributable reserves | 133 | €139,000 | €83,000 | -€56,000 | -40.3% |
| Profit (loss) carried forward | 14 | €189,683 | €190,313 | +€630 | +0.3% |
| Amounts payable | 17/49 | €183,018 | €227,706 | +€44,688 | +24.4% |
| Amounts payable after more than one year | 17 | €2,340 | €0 | -€2,340 | -100% |
| Financial debts | 170/4 | €2,340 | €0 | -€2,340 | -100% |
| Amounts payable within one year | 42/48 | €175,900 | €222,753 | +€46,853 | +26.6% |
| Current portion of amounts payable after more than one year | 42 | €27,787 | €2,340 | -€25,447 | -91.6% |
| Trade debts | 44 | €5,442 | €956 | -€4,486 | -82.4% |
| Suppliers | 440/4 | €5,442 | €956 | -€4,486 | -82.4% |
| Taxes, remuneration and social security | 45 | €20,017 | €16,501 | -€3,515 | -17.6% |
| Taxes | 450/3 | €20,017 | €16,501 | -€3,515 | -17.6% |
| Other amounts payable | 47/48 | €122,654 | €202,956 | +€80,302 | +65.5% |
| Accrued charges and deferred income | 492/3 | €4,779 | €4,953 | +€174 | +3.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,046 | €26,691 | -€355 | -1.3% |
| Other operating charges | 640/8 | €5,446 | €5,419 | -€27 | -0.5% |
| Gross operating margin | 9900 | €74,624 | €60,341 | -€14,283 | -19.1% |
| Operating profit (loss) | 9901 | €42,131 | €28,230 | -€13,901 | -33.0% |
| Financial income | 75/76B | €172 | €464 | +€293 | +170% |
| Recurring financial income | 75 | €172 | €464 | +€293 | +170% |
| Financial charges | 65/66B | €931 | €636 | -€296 | -31.7% |
| Recurring financial charges | 65 | €931 | €636 | -€296 | -31.7% |
| Profit (loss) for the period before taxes | 9903 | €41,372 | €28,059 | -€13,313 | -32.2% |
| Income taxes | 67/77 | €12,826 | €8,429 | -€4,397 | -34.3% |
| Profit (loss) for the period | 9904 | €28,546 | €19,630 | -€8,916 | -31.2% |
| Profit (loss) for the period to be appropriated | 9905 | €28,546 | €19,630 | -€8,916 | -31.2% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.