K33: what changed
Two fiscal 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.
K33
Largest movements
- Cash -€27,971
down €27,971 (-10.2%), from €273,811 to €245,840
mainly Contributions, distributions and other (-€235,000) and Tax, wage and social debts (-€30,819)
- Tangible fixed assets -€10,233
down €10,233 (-82.0%), from €12,485 to €2,252
of which Furniture and vehicles: -€11,429
- Receivables within one year -€6,565
down €6,565 (-41.6%), from €15,767 to €9,202
of which Trade receivables: -€10,890
- Reserves -€227,054
down €227,054 (-88.1%), from €257,845 to €30,791
- Other debts +€203,679
up €203,679 (+6788.3%), from €3,000 to €206,679
- Tax, wage and social debts -€30,819
down €30,819 (-85.8%), from €35,919 to €5,100
- Accrued charges and deferred income +€5,363
up €5,363 (+3060.8%), from €175 to €5,539
- Gross operating margin -€75,407
down €75,407 (-76.1%), from €99,125 to €23,717
- Taxes -€15,641
down €15,641 (-78.3%), from €19,980 to €4,339
- Financial charges +€6,693
up €6,693 (+2237.3%), from €299 to €6,992
- Other operating charges +€4,414
up €4,414 (+225.5%), from €1,957 to €6,371
- Depreciation -€3,074
down €3,074 (-96.3%), from €3,191 to €117
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.
Cash bridge derived
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 | €302,749 | €257,294 | -€45,455 | -15.0% |
| Fixed assets | 21/28 | €12,485 | €2,252 | -€10,233 | -82.0% |
| Tangible fixed assets | 22/27 | €12,485 | €2,252 | -€10,233 | -82.0% |
| Furniture and vehicles | 24 | €12,485 | €1,056 | -€11,429 | -91.5% |
| Other tangible fixed assets | 26 | - | €1,195 | +€1,195 | |
| Current assets | 29/58 | €290,263 | €255,042 | -€35,221 | -12.1% |
| Amounts receivable within one year | 40/41 | €15,767 | €9,202 | -€6,565 | -41.6% |
| Trade receivables | 40 | €15,730 | €4,840 | -€10,890 | -69.2% |
| Other amounts receivable | 41 | €37 | €4,362 | +€4,325 | +11824.3% |
| Cash at bank and in hand | 54/58 | €273,811 | €245,840 | -€27,971 | -10.2% |
| Deferred charges and accrued income | 490/1 | €686 | €0 | -€686 | -100.0% |
| Total equity and liabilities | 10/49 | €302,749 | €257,294 | -€45,455 | -15.0% |
| Equity | 10/15 | €262,845 | €35,791 | -€227,054 | -86.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €257,845 | €30,791 | -€227,054 | -88.1% |
| Distributable reserves | 133 | €257,845 | €30,791 | -€227,054 | -88.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €39,904 | €221,503 | +€181,599 | +455.1% |
| Amounts payable within one year | 42/48 | €39,729 | €215,964 | +€176,236 | +443.6% |
| Financial debts | 43 | €435 | €1,841 | +€1,407 | +323.4% |
| Credit institutions | 430/8 | €435 | €1,841 | +€1,407 | +323.4% |
| Trade debts | 44 | €374 | €2,344 | +€1,970 | +526.2% |
| Suppliers | 440/4 | €374 | €2,344 | +€1,970 | +526.2% |
| Taxes, remuneration and social security | 45 | €35,919 | €5,100 | -€30,819 | -85.8% |
| Taxes | 450/3 | €35,919 | €5,100 | -€30,819 | -85.8% |
| Other amounts payable | 47/48 | €3,000 | €206,679 | +€203,679 | +6788.3% |
| Accrued charges and deferred income | 492/3 | €175 | €5,539 | +€5,363 | +3060.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,191 | €117 | -€3,074 | -96.3% |
| Other operating charges | 640/8 | €1,957 | €6,371 | +€4,414 | +225.5% |
| Gross operating margin | 9900 | €99,125 | €23,717 | -€75,407 | -76.1% |
| Operating profit (loss) | 9901 | €93,977 | €17,229 | -€76,747 | -81.7% |
| Financial income | 75/76B | - | €2,048 | +€2,048 | |
| Recurring financial income | 75 | - | €2,048 | +€2,048 | |
| Financial charges | 65/66B | €299 | €6,992 | +€6,693 | +2237.3% |
| Recurring financial charges | 65 | €299 | €6,992 | +€6,693 | +2237.3% |
| Profit (loss) for the period before taxes | 9903 | €93,677 | €12,285 | -€81,392 | -86.9% |
| Income taxes | 67/77 | €19,980 | €4,339 | -€15,641 | -78.3% |
| Profit (loss) for the period | 9904 | €73,697 | €7,946 | -€65,751 | -89.2% |
| Profit (loss) for the period to be appropriated | 9905 | €73,697 | €7,946 | -€65,751 | -89.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.