K10 Windows: 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.
K10 Windows
Largest movements
- Tangible fixed assets -€28,289
down €28,289 (-32.5%), from €87,021 to €58,731
of which Leasing and similar rights: -€26,392
- Receivables within one year -€27,312
down €27,312 (-49.2%), from €55,542 to €28,230
of which Trade receivables: -€25,568
- Cash -€9,917
down €9,917 (-62.6%), from €15,837 to €5,920
mainly Trade debts (-€42,754) and Debts after one year (-€15,706)
- Deferred charges and accrued income -€1,664
down €1,664 (-75.9%), from €2,191 to €528
- Trade debts -€42,754
down €42,754 (-93.0%), from €45,984 to €3,229
- Debts after one year -€15,706
down €15,706 (-31.0%), from €50,707 to €35,001
- Current portion of long-term debt -€5,470
down €5,470 (-25.8%), from €21,176 to €15,706
- Reserves -€4,696
down €4,696 (-19.4%), from €24,249 to €19,553
- Tax, wage and social debts +€2,828
up €2,828 (+106%), from €2,658 to €5,486
- Gross operating margin -€15,160
down €15,160 (-34.7%), from €43,713 to €28,554
- Depreciation -€4,796
down €4,796 (-14.6%), from €32,789 to €27,992
- Taxes -€2,264
down €2,264 (-100%), from €2,264 to €0
- Financial charges -€902
down €902 (-41.6%), from €2,166 to €1,264
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 | €161,209 | €93,409 | -€67,799 | -42.1% |
| Fixed assets | 21/28 | €87,639 | €58,731 | -€28,907 | -33.0% |
| Intangible fixed assets | 21 | €618 | €0 | -€618 | -100% |
| Tangible fixed assets | 22/27 | €87,021 | €58,731 | -€28,289 | -32.5% |
| Plant, machinery and equipment | 23 | €814 | €482 | -€333 | -40.8% |
| Furniture and vehicles | 24 | €1,565 | €0 | -€1,565 | -100% |
| Leasing and similar rights | 25 | €84,641 | €58,250 | -€26,392 | -31.2% |
| Current assets | 29/58 | €73,570 | €34,678 | -€38,892 | -52.9% |
| Amounts receivable within one year | 40/41 | €55,542 | €28,230 | -€27,312 | -49.2% |
| Trade receivables | 40 | €51,478 | €25,910 | -€25,568 | -49.7% |
| Other amounts receivable | 41 | €4,064 | €2,320 | -€1,743 | -42.9% |
| Cash at bank and in hand | 54/58 | €15,837 | €5,920 | -€9,917 | -62.6% |
| Deferred charges and accrued income | 490/1 | €2,191 | €528 | -€1,664 | -75.9% |
| Total equity and liabilities | 10/49 | €161,209 | €93,409 | -€67,799 | -42.1% |
| Equity | 10/15 | €29,249 | €24,553 | -€4,696 | -16.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €24,249 | €19,553 | -€4,696 | -19.4% |
| Distributable reserves | 133 | €24,249 | €19,553 | -€4,696 | -19.4% |
| Amounts payable | 17/49 | €131,960 | €68,856 | -€63,103 | -47.8% |
| Amounts payable after more than one year | 17 | €50,707 | €35,001 | -€15,706 | -31.0% |
| Financial debts | 170/4 | €50,707 | €35,001 | -€15,706 | -31.0% |
| Amounts payable within one year | 42/48 | €81,252 | €33,855 | -€47,397 | -58.3% |
| Current portion of amounts payable after more than one year | 42 | €21,176 | €15,706 | -€5,470 | -25.8% |
| Trade debts | 44 | €45,984 | €3,229 | -€42,754 | -93.0% |
| Suppliers | 440/4 | €45,984 | €3,229 | -€42,754 | -93.0% |
| Taxes, remuneration and social security | 45 | €2,658 | €5,486 | +€2,828 | +106% |
| Taxes | 450/3 | €2,658 | €5,486 | +€2,828 | +106% |
| Other amounts payable | 47/48 | €11,435 | €9,434 | -€2,001 | -17.5% |
| Non-recurring operating income | 76A | €4,320 | €0 | -€4,320 | -100% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,789 | €27,992 | -€4,796 | -14.6% |
| Other operating charges | 640/8 | €941 | €790 | -€151 | -16.1% |
| Non-recurring operating charges | 66A | - | €3,204 | +€3,204 | |
| Gross operating margin | 9900 | €43,713 | €28,554 | -€15,160 | -34.7% |
| Operating profit (loss) | 9901 | €9,984 | -€3,432 | -€13,416 | |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €2,166 | €1,264 | -€902 | -41.6% |
| Recurring financial charges | 65 | €2,166 | €1,264 | -€902 | -41.6% |
| Profit (loss) for the period before taxes | 9903 | €7,818 | -€4,696 | -€12,514 | |
| Income taxes | 67/77 | €2,264 | €0 | -€2,264 | -100% |
| Profit (loss) for the period | 9904 | €5,554 | -€4,696 | -€10,250 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,554 | -€4,696 | -€10,250 |
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 13 October 2026 via checked.be.