K & R Services: 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 & R Services
Largest movements
- Cash -€67,529
down €67,529 (-40.7%), from €166,047 to €98,518
mainly Other debts (-€131,726) and Debts after one year (-€50,906)
- Receivables within one year -€31,818
down €31,818 (-98.2%), from €32,400 to €583
of which Trade receivables: -€19,551
- Tangible fixed assets -€30,490
down €30,490 (-6.3%), from €482,598 to €452,108
of which Land and buildings: -€16,055
- Deferred charges and accrued income -€21,965
no longer reported in 2025 (was €21,965)
- Other debts -€131,726
down €131,726 (-80.5%), from €163,706 to €31,980
- Debts after one year -€50,906
down €50,906 (-41.1%), from €123,787 to €72,881
- Reserves +€30,969
up €30,969 (+8.7%), from €355,897 to €386,866
of which Distributable reserves: +€30,969
- Gross operating margin -€77,590
down €77,590 (-50.4%), from €154,064 to €76,473
- Taxes -€16,233
down €16,233 (-58.5%), from €27,733 to €11,500
- Financial charges -€15,131
down €15,131 (-90.2%), from €16,772 to €1,641
- Financial income -€3,649
down €3,649 (-99.8%), from €3,655 to €7
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 | €723,252 | €571,450 | -€151,802 | -21.0% |
| Fixed assets | 21/28 | €482,598 | €452,108 | -€30,490 | -6.3% |
| Tangible fixed assets | 22/27 | €482,598 | €452,108 | -€30,490 | -6.3% |
| Land and buildings | 22 | €439,956 | €423,901 | -€16,055 | -3.6% |
| Plant, machinery and equipment | 23 | €3,833 | €2,972 | -€860 | -22.4% |
| Furniture and vehicles | 24 | €38,810 | €25,235 | -€13,575 | -35.0% |
| Current assets | 29/58 | €240,654 | €119,342 | -€121,311 | -50.4% |
| Amounts receivable within one year | 40/41 | €32,400 | €583 | -€31,818 | -98.2% |
| Trade receivables | 40 | €19,551 | - | -€19,551 | |
| Other amounts receivable | 41 | €12,849 | €583 | -€12,267 | -95.5% |
| Current investments | 50/53 | €20,241 | €20,241 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €166,047 | €98,518 | -€67,529 | -40.7% |
| Deferred charges and accrued income | 490/1 | €21,965 | - | -€21,965 | |
| Total equity and liabilities | 10/49 | €723,252 | €571,450 | -€151,802 | -21.0% |
| Equity | 10/15 | €374,497 | €405,466 | +€30,969 | +8.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €355,897 | €386,866 | +€30,969 | +8.7% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €2,108 | €2,108 | = | 0.0% |
| Distributable reserves | 133 | €351,928 | €382,897 | +€30,969 | +8.8% |
| Amounts payable | 17/49 | €348,755 | €165,985 | -€182,770 | -52.4% |
| Amounts payable after more than one year | 17 | €123,787 | €72,881 | -€50,906 | -41.1% |
| Financial debts | 170/4 | €123,787 | €72,881 | -€50,906 | -41.1% |
| Amounts payable within one year | 42/48 | €223,146 | €93,104 | -€130,042 | -58.3% |
| Current portion of amounts payable after more than one year | 42 | €50,464 | €50,906 | +€442 | +0.9% |
| Trade debts | 44 | €410 | €121 | -€289 | -70.5% |
| Suppliers | 440/4 | €410 | €121 | -€289 | -70.5% |
| Advances received on contracts in progress | 46 | - | €5,729 | +€5,729 | |
| Taxes, remuneration and social security | 45 | €8,566 | €4,368 | -€4,198 | -49.0% |
| Taxes | 450/3 | €8,566 | €4,368 | -€4,198 | -49.0% |
| Other amounts payable | 47/48 | €163,706 | €31,980 | -€131,726 | -80.5% |
| Accrued charges and deferred income | 492/3 | €1,823 | - | -€1,823 | |
| Non-recurring operating income | 76A | €19,694 | €5,681 | -€14,013 | -71.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,688 | €30,490 | -€198 | -0.6% |
| Other operating charges | 640/8 | €2,278 | €1,880 | -€398 | -17.5% |
| Gross operating margin | 9900 | €154,064 | €76,473 | -€77,590 | -50.4% |
| Operating profit (loss) | 9901 | €121,098 | €44,104 | -€76,994 | -63.6% |
| Financial income | 75/76B | €3,655 | €7 | -€3,649 | -99.8% |
| Recurring financial income | 75 | €3,655 | €7 | -€3,649 | -99.8% |
| Financial charges | 65/66B | €16,772 | €1,641 | -€15,131 | -90.2% |
| Recurring financial charges | 65 | €16,772 | €1,641 | -€15,131 | -90.2% |
| Profit (loss) for the period before taxes | 9903 | €107,981 | €42,469 | -€65,512 | -60.7% |
| Income taxes | 67/77 | €27,733 | €11,500 | -€16,233 | -58.5% |
| Profit (loss) for the period | 9904 | €80,247 | €30,969 | -€49,279 | -61.4% |
| Profit (loss) for the period to be appropriated | 9905 | €80,247 | €30,969 | -€49,279 | -61.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.