K9Belgium.com: 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.
K9Belgium.com
Largest movements
- Cash -€22,387
down €22,387 (-93.6%), from €23,918 to €1,531
mainly Investment in fixed assets (net) (-€9,780) and Trade debts (-€8,283)
- Receivables within one year +€6,181
up €6,181 (+38.0%), from €16,248 to €22,428
of which Trade receivables: +€7,157
- Tangible fixed assets +€5,350
up €5,350 (+38.9%), from €13,763 to €19,113
of which Plant, machinery and equipment: +€5,350
- Deferred charges and accrued income +€5,106
up €5,106 (+328%), from €1,558 to €6,664
- Stocks and contracts +€2,250
up €2,250 (+100%), from €2,250 to €4,500
- Trade debts -€8,283
down €8,283 (-81.8%), from €10,130 to €1,847
- Reserves +€2,543
up €2,543 (+5.9%), from €42,796 to €45,339
- Tax, wage and social debts +€2,183
up €2,183 (+702%), from €311 to €2,494
of which Taxes: +€1,858
- Gross operating margin -€4,259
down €4,259 (-31.5%), from €13,530 to €9,272
- Taxes -€1,381
down €1,381 (-63.7%), from €2,168 to €788
- Depreciation +€1,330
up €1,330 (+42.9%), from €3,099 to €4,430
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 | €57,737 | €54,237 | -€3,500 | -6.1% |
| Fixed assets | 21/28 | €13,763 | €19,113 | +€5,350 | +38.9% |
| Tangible fixed assets | 22/27 | €13,763 | €19,113 | +€5,350 | +38.9% |
| Plant, machinery and equipment | 23 | €13,763 | €19,113 | +€5,350 | +38.9% |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Current assets | 29/58 | €43,974 | €35,124 | -€8,850 | -20.1% |
| Stocks and contracts in progress | 3 | €2,250 | €4,500 | +€2,250 | +100% |
| Stocks | 30/36 | €2,250 | €4,500 | +€2,250 | +100% |
| Amounts receivable within one year | 40/41 | €16,248 | €22,428 | +€6,181 | +38.0% |
| Trade receivables | 40 | €14,912 | €22,068 | +€7,157 | +48.0% |
| Other amounts receivable | 41 | €1,336 | €360 | -€976 | -73.0% |
| Cash at bank and in hand | 54/58 | €23,918 | €1,531 | -€22,387 | -93.6% |
| Deferred charges and accrued income | 490/1 | €1,558 | €6,664 | +€5,106 | +328% |
| Total equity and liabilities | 10/49 | €57,737 | €54,237 | -€3,500 | -6.1% |
| Equity | 10/15 | €45,796 | €48,339 | +€2,543 | +5.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €42,796 | €45,339 | +€2,543 | +5.9% |
| Distributable reserves | 133 | €42,796 | €45,339 | +€2,543 | +5.9% |
| Amounts payable | 17/49 | €11,941 | €5,898 | -€6,043 | -50.6% |
| Amounts payable within one year | 42/48 | €10,441 | €4,398 | -€6,043 | -57.9% |
| Trade debts | 44 | €10,130 | €1,847 | -€8,283 | -81.8% |
| Suppliers | 440/4 | €10,130 | €1,847 | -€8,283 | -81.8% |
| Taxes, remuneration and social security | 45 | €311 | €2,494 | +€2,183 | +702% |
| Taxes | 450/3 | €311 | €2,169 | +€1,858 | +597% |
| Remuneration and social security | 454/9 | - | €325 | +€325 | |
| Other amounts payable | 47/48 | - | €57 | +€57 | |
| Accrued charges and deferred income | 492/3 | €1,500 | €1,500 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,099 | €4,430 | +€1,330 | +42.9% |
| Other operating charges | 640/8 | €1,221 | €1,119 | -€102 | -8.3% |
| Gross operating margin | 9900 | €13,530 | €9,272 | -€4,259 | -31.5% |
| Operating profit (loss) | 9901 | €9,210 | €3,723 | -€5,487 | -59.6% |
| Financial income | 75/76B | €24 | €25 | +€2 | +6.3% |
| Recurring financial income | 75 | €24 | €25 | +€2 | +6.3% |
| Financial charges | 65/66B | €445 | €417 | -€28 | -6.3% |
| Recurring financial charges | 65 | €445 | €417 | -€28 | -6.3% |
| Profit (loss) for the period before taxes | 9903 | €8,789 | €3,331 | -€5,458 | -62.1% |
| Income taxes | 67/77 | €2,168 | €788 | -€1,381 | -63.7% |
| Profit (loss) for the period | 9904 | €6,620 | €2,543 | -€4,077 | -61.6% |
| Profit (loss) for the period to be appropriated | 9905 | €6,620 | €2,543 | -€4,077 | -61.6% |
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 14 October 2026 via checked.be.