K9 TRAINING CENTER: 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.
K9 TRAINING CENTER
Largest movements
- Cash -€18,428
down €18,428 (-78.3%), from €23,548 to €5,120
mainly Net result for the year (-€36,897) and Debts after one year (-€6,257)
- Receivables within one year -€14,536
down €14,536 (-62.3%), from €23,339 to €8,804
of which Trade receivables: -€13,742
- Tangible fixed assets -€6,092
down €6,092 (-8.1%), from €74,879 to €68,787
of which Leasing and similar rights: -€6,080
- Profit (loss) carried forward -€36,897
down €36,897 (-22.9%), from -€161,176 to -€198,073
- Tax, wage and social debts +€9,115
up €9,115 (+25.4%), from €35,885 to €44,999
of which Remuneration and social security: +€7,358
- Debts after one year -€6,257
down €6,257 (-3.7%), from €168,890 to €162,632
of which Financial debts: -€10,451
- Trade debts -€4,701
down €4,701 (-63.0%), from €7,467 to €2,766
- Staff costs +€31,147
up €31,147 (+19.1%), from €163,495 to €194,643
- Gross operating margin +€7,010
up €7,010 (+4.0%), from €173,598 to €180,608
- Depreciation +€4,204
up €4,204 (+50.9%), from €8,262 to €12,466
- Write-downs +€3,328
new in 2025: €3,328
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 | €123,533 | €85,276 | -€38,258 | -31.0% |
| Fixed assets | 21/28 | €75,447 | €69,041 | -€6,405 | -8.5% |
| Intangible fixed assets | 21 | €568 | €254 | -€314 | -55.2% |
| Tangible fixed assets | 22/27 | €74,879 | €68,787 | -€6,092 | -8.1% |
| Land and buildings | 22 | €40,916 | €37,897 | -€3,020 | -7.4% |
| Plant, machinery and equipment | 23 | €4,045 | €4,590 | +€545 | +13.5% |
| Furniture and vehicles | 24 | - | €3,585 | +€3,585 | |
| Leasing and similar rights | 25 | €26,587 | €20,507 | -€6,080 | -22.9% |
| Other tangible fixed assets | 26 | €3,331 | €2,208 | -€1,123 | -33.7% |
| Current assets | 29/58 | €48,087 | €16,234 | -€31,852 | -66.2% |
| Amounts receivable within one year | 40/41 | €23,339 | €8,804 | -€14,536 | -62.3% |
| Trade receivables | 40 | €22,491 | €8,748 | -€13,742 | -61.1% |
| Other amounts receivable | 41 | €849 | €55 | -€794 | -93.5% |
| Cash at bank and in hand | 54/58 | €23,548 | €5,120 | -€18,428 | -78.3% |
| Deferred charges and accrued income | 490/1 | €1,199 | €2,310 | +€1,111 | +92.7% |
| Total equity and liabilities | 10/49 | €123,533 | €85,276 | -€38,258 | -31.0% |
| Equity | 10/15 | -€98,676 | -€135,573 | -€36,897 | -37.4% |
| Contributions | 10/11 | €62,500 | €62,500 | = | 0.0% |
| Capital | 10 | €62,500 | €62,500 | = | 0.0% |
| Issued capital | 100 | €62,500 | €62,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€161,176 | -€198,073 | -€36,897 | -22.9% |
| Amounts payable | 17/49 | €222,209 | €220,849 | -€1,360 | -0.6% |
| Amounts payable after more than one year | 17 | €168,890 | €162,632 | -€6,257 | -3.7% |
| Financial debts | 170/4 | €36,489 | €26,038 | -€10,451 | -28.6% |
| Other amounts payable | 178/9 | €132,401 | €136,594 | +€4,194 | +3.2% |
| Amounts payable within one year | 42/48 | €53,319 | €58,216 | +€4,897 | +9.2% |
| Current portion of amounts payable after more than one year | 42 | €9,968 | €10,451 | +€484 | +4.9% |
| Trade debts | 44 | €7,467 | €2,766 | -€4,701 | -63.0% |
| Suppliers | 440/4 | €7,467 | €2,766 | -€4,701 | -63.0% |
| Taxes, remuneration and social security | 45 | €35,885 | €44,999 | +€9,115 | +25.4% |
| Taxes | 450/3 | €10,099 | €11,856 | +€1,757 | +17.4% |
| Remuneration and social security | 454/9 | €25,785 | €33,143 | +€7,358 | +28.5% |
| Remuneration, social security and pensions | 62 | €163,495 | €194,643 | +€31,147 | +19.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,262 | €12,466 | +€4,204 | +50.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €3,328 | +€3,328 | |
| Other operating charges | 640/8 | €924 | €1,253 | +€329 | +35.7% |
| Non-recurring operating charges | 66A | - | €464 | +€464 | |
| Gross operating margin | 9900 | €173,598 | €180,608 | +€7,010 | +4.0% |
| Operating profit (loss) | 9901 | €917 | -€31,544 | -€32,461 | |
| Financial income | 75/76B | €0 | €11 | +€11 | +110,000% |
| Recurring financial income | 75 | €0 | €11 | +€11 | +110,000% |
| Financial charges | 65/66B | €5,180 | €5,364 | +€184 | +3.5% |
| Recurring financial charges | 65 | €5,180 | €5,364 | +€184 | +3.5% |
| Profit (loss) for the period before taxes | 9903 | -€4,263 | -€36,897 | -€32,634 | -765% |
| Profit (loss) for the period | 9904 | -€4,263 | -€36,897 | -€32,634 | -765% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,263 | -€36,897 | -€32,634 | -765% |
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 23 October 2026 via checked.be.