King Arthur: 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.
King Arthur
Largest movements
- Receivables within one year +€41,754
up €41,754 (+62.5%), from €66,756 to €108,510
of which Other amounts receivable: +€57,475
- Tangible fixed assets -€7,423
down €7,423 (-49.4%), from €15,027 to €7,604
of which Furniture and vehicles: -€7,075
- Cash +€5,814
up €5,814 (+108%), from €5,362 to €11,176
mainly Net result for the year (+€35,153) and Short-term financial debts (+€7,500)
- Deferred charges and accrued income -€1,538
down €1,538 (-100%), from €1,538 to €0
- Profit (loss) carried forward +€65,086
up €65,086 (+80.0%), from -€81,380 to -€16,294
- Reserves -€29,933
down €29,933 (-100%), from €29,933 to €0
- Tax, wage and social debts -€8,632
down €8,632 (-33.1%), from €26,042 to €17,411
of which Remuneration and social security: -€5,647
- Short-term financial debts +€7,500
up €7,500 (+25.0%), from €30,000 to €37,500
- Other debts +€4,854
up €4,854 (+90.9%), from €5,338 to €10,192
- Staff costs -€18,985
down €18,985 (-40.5%), from €46,859 to €27,873
- Other operating charges +€6,603
up €6,603 (+437%), from €1,512 to €8,114
- Gross operating margin -€3,254
down €3,254 (-3.8%), from €86,366 to €83,112
- Financial charges -€2,834
down €2,834 (-41.2%), from €6,884 to €4,050
- Depreciation -€1,041
down €1,041 (-12.3%), from €8,464 to €7,423
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 | €88,683 | €127,290 | +€38,607 | +43.5% |
| Fixed assets | 21/28 | €15,027 | €7,604 | -€7,423 | -49.4% |
| Tangible fixed assets | 22/27 | €15,027 | €7,604 | -€7,423 | -49.4% |
| Land and buildings | 22 | €2,306 | €1,958 | -€348 | -15.1% |
| Furniture and vehicles | 24 | €12,721 | €5,646 | -€7,075 | -55.6% |
| Current assets | 29/58 | €73,656 | €119,685 | +€46,029 | +62.5% |
| Amounts receivable within one year | 40/41 | €66,756 | €108,510 | +€41,754 | +62.5% |
| Trade receivables | 40 | €53,805 | €38,084 | -€15,721 | -29.2% |
| Other amounts receivable | 41 | €12,951 | €70,426 | +€57,475 | +444% |
| Cash at bank and in hand | 54/58 | €5,362 | €11,176 | +€5,814 | +108% |
| Deferred charges and accrued income | 490/1 | €1,538 | €0 | -€1,538 | -100% |
| Total equity and liabilities | 10/49 | €88,683 | €127,290 | +€38,607 | +43.5% |
| Equity | 10/15 | -€32,847 | €2,306 | +€35,153 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €29,933 | €0 | -€29,933 | -100% |
| Distributable reserves | 133 | €29,933 | €0 | -€29,933 | -100% |
| Profit (loss) carried forward | 14 | -€81,380 | -€16,294 | +€65,086 | +80.0% |
| Amounts payable | 17/49 | €121,530 | €124,983 | +€3,453 | +2.8% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €120,324 | €124,983 | +€4,659 | +3.9% |
| Current portion of amounts payable after more than one year | 42 | €3,523 | €0 | -€3,523 | -100% |
| Financial debts | 43 | €30,000 | €37,500 | +€7,500 | +25.0% |
| Credit institutions | 430/8 | €30,000 | €37,500 | +€7,500 | +25.0% |
| Trade debts | 44 | €55,421 | €59,881 | +€4,460 | +8.0% |
| Suppliers | 440/4 | €55,421 | €59,881 | +€4,460 | +8.0% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €26,042 | €17,411 | -€8,632 | -33.1% |
| Taxes | 450/3 | €15,714 | €12,729 | -€2,984 | -19.0% |
| Remuneration and social security | 454/9 | €10,329 | €4,681 | -€5,647 | -54.7% |
| Other amounts payable | 47/48 | €5,338 | €10,192 | +€4,854 | +90.9% |
| Accrued charges and deferred income | 492/3 | €1,206 | €0 | -€1,206 | -100% |
| Remuneration, social security and pensions | 62 | €46,859 | €27,873 | -€18,985 | -40.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,464 | €7,423 | -€1,041 | -12.3% |
| Other operating charges | 640/8 | €1,512 | €8,114 | +€6,603 | +437% |
| Gross operating margin | 9900 | €86,366 | €83,112 | -€3,254 | -3.8% |
| Operating profit (loss) | 9901 | €29,532 | €39,701 | +€10,170 | +34.4% |
| Financial income | 75/76B | €169 | €86 | -€83 | -49.0% |
| Recurring financial income | 75 | €169 | €86 | -€83 | -49.0% |
| Financial charges | 65/66B | €6,884 | €4,050 | -€2,834 | -41.2% |
| Recurring financial charges | 65 | €6,884 | €4,050 | -€2,834 | -41.2% |
| Profit (loss) for the period before taxes | 9903 | €22,816 | €35,737 | +€12,921 | +56.6% |
| Income taxes | 67/77 | €284 | €584 | +€299 | +105% |
| Profit (loss) for the period | 9904 | €22,532 | €35,153 | +€12,622 | +56.0% |
| Profit (loss) for the period to be appropriated | 9905 | €22,532 | €35,153 | +€12,622 | +56.0% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.