K-ROAD: 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-ROAD
Largest movements
- Receivables within one year -€33,683
down €33,683 (-77.8%), from €43,282 to €9,599
of which Other amounts receivable: -€34,569
- Intangible fixed assets -€7,000
down €7,000 (-13.2%), from €53,074 to €46,074
- Tangible fixed assets +€4,116
up €4,116 (+54.2%), from €7,590 to €11,706
of which Plant, machinery and equipment: +€3,135
- Cash -€2,184
down €2,184 (-14.1%), from €15,534 to €13,350
mainly Contributions, distributions and other (-€35,000) and Net result for the year (-€13,372)
- Stocks and contracts -€1,801
down €1,801 (-20.5%), from €8,801 to €7,000
- Contributions -€35,000
down €35,000 (-70.0%), from €50,000 to €15,000
- Profit (loss) carried forward -€13,372
down €13,372 (-99.2%), from €13,481 to €109
- Tax, wage and social debts +€4,566
up €4,566 (+26.6%), from €17,176 to €21,741
of which Taxes: +€5,401
- Trade debts +€3,488
up €3,488 (+44.5%), from €7,837 to €11,325
- Gross operating margin -€12,382
down €12,382 (-22.4%), from €55,177 to €42,795
- Staff costs +€3,566
up €3,566 (+9.7%), from €36,907 to €40,473
- Depreciation +€1,645
up €1,645 (+16.2%), from €10,176 to €11,821
- Taxes -€1,262
down €1,262, from €1,222 to -€40
- Other operating charges +€959
up €959 (+193%), from €498 to €1,457
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 | €128,493 | €88,025 | -€40,468 | -31.5% |
| Fixed assets | 21/28 | €60,664 | €57,780 | -€2,884 | -4.8% |
| Intangible fixed assets | 21 | €53,074 | €46,074 | -€7,000 | -13.2% |
| Tangible fixed assets | 22/27 | €7,590 | €11,706 | +€4,116 | +54.2% |
| Plant, machinery and equipment | 23 | €4,140 | €7,275 | +€3,135 | +75.7% |
| Furniture and vehicles | 24 | €3,450 | €4,431 | +€981 | +28.4% |
| Current assets | 29/58 | €67,830 | €30,245 | -€37,585 | -55.4% |
| Stocks and contracts in progress | 3 | €8,801 | €7,000 | -€1,801 | -20.5% |
| Stocks | 30/36 | €8,801 | €7,000 | -€1,801 | -20.5% |
| Amounts receivable within one year | 40/41 | €43,282 | €9,599 | -€33,683 | -77.8% |
| Trade receivables | 40 | €1,294 | €2,180 | +€886 | +68.4% |
| Other amounts receivable | 41 | €41,988 | €7,418 | -€34,569 | -82.3% |
| Cash at bank and in hand | 54/58 | €15,534 | €13,350 | -€2,184 | -14.1% |
| Deferred charges and accrued income | 490/1 | €213 | €297 | +€84 | +39.3% |
| Total equity and liabilities | 10/49 | €128,493 | €88,025 | -€40,468 | -31.5% |
| Equity | 10/15 | €63,481 | €15,109 | -€48,372 | -76.2% |
| Contributions | 10/11 | €50,000 | €15,000 | -€35,000 | -70.0% |
| Profit (loss) carried forward | 14 | €13,481 | €109 | -€13,372 | -99.2% |
| Amounts payable | 17/49 | €65,013 | €72,916 | +€7,903 | +12.2% |
| Amounts payable after more than one year | 17 | €40,000 | €39,000 | -€1,000 | -2.5% |
| Other amounts payable | 178/9 | €40,000 | €39,000 | -€1,000 | -2.5% |
| Amounts payable within one year | 42/48 | €25,013 | €33,066 | +€8,054 | +32.2% |
| Trade debts | 44 | €7,837 | €11,325 | +€3,488 | +44.5% |
| Suppliers | 440/4 | €7,837 | €11,325 | +€3,488 | +44.5% |
| Taxes, remuneration and social security | 45 | €17,176 | €21,741 | +€4,566 | +26.6% |
| Taxes | 450/3 | €9,874 | €15,275 | +€5,401 | +54.7% |
| Remuneration and social security | 454/9 | €7,302 | €6,466 | -€836 | -11.4% |
| Accrued charges and deferred income | 492/3 | - | €849 | +€849 | |
| Remuneration, social security and pensions | 62 | €36,907 | €40,473 | +€3,566 | +9.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,176 | €11,821 | +€1,645 | +16.2% |
| Other operating charges | 640/8 | €498 | €1,457 | +€959 | +193% |
| Gross operating margin | 9900 | €55,177 | €42,795 | -€12,382 | -22.4% |
| Operating profit (loss) | 9901 | €7,596 | -€10,955 | -€18,551 | |
| Financial income | 75/76B | €2 | €118 | +€116 | +5,088% |
| Recurring financial income | 75 | €2 | €118 | +€116 | +5,088% |
| Financial charges | 65/66B | €1,926 | €2,575 | +€649 | +33.7% |
| Recurring financial charges | 65 | €1,926 | €2,575 | +€649 | +33.7% |
| Profit (loss) for the period before taxes | 9903 | €5,673 | -€13,411 | -€19,084 | |
| Income taxes | 67/77 | €1,222 | -€40 | -€1,262 | |
| Profit (loss) for the period | 9904 | €4,450 | -€13,372 | -€17,822 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,450 | -€13,372 | -€17,822 |
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.