KING CONVENTIONS: 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.
KING CONVENTIONS
Largest movements
- Cash -€62,633
down €62,633 (-32.5%), from €192,960 to €130,326
mainly Trade debts (-€76,419) and Tax, wage and social debts (-€21,652)
- Receivables within one year -€50,463
down €50,463 (-64.7%), from €77,960 to €27,497
of which Trade receivables: -€52,760
- Trade debts -€76,419
down €76,419 (-93.5%), from €81,728 to €5,309
- Tax, wage and social debts -€21,652
down €21,652 (-100.0%), from €21,655 to €3
- Profit (loss) carried forward -€15,274
down €15,274 (-19.3%), from €79,079 to €63,805
- Gross operating margin -€53,098
down €53,098, from €37,807 to -€15,291
- Taxes -€9,452
down €9,452 (-100.0%), from €9,452 to €0
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €272,468 | €159,123 | -€113,345 | -41.6% |
| Fixed assets | 21/28 | €1,300 | €1,300 | = | 0.0% |
| Tangible fixed assets | 22/27 | €1,250 | €1,250 | = | 0.0% |
| Furniture and vehicles | 24 | €1,250 | €1,250 | = | 0.0% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €271,168 | €157,823 | -€113,345 | -41.8% |
| Amounts receivable within one year | 40/41 | €77,960 | €27,497 | -€50,463 | -64.7% |
| Trade receivables | 40 | €70,924 | €18,164 | -€52,760 | -74.4% |
| Other amounts receivable | 41 | €7,036 | €9,333 | +€2,297 | +32.7% |
| Cash at bank and in hand | 54/58 | €192,960 | €130,326 | -€62,633 | -32.5% |
| Deferred charges and accrued income | 490/1 | €249 | €0 | -€249 | -100.0% |
| Total equity and liabilities | 10/49 | €272,468 | €159,123 | -€113,345 | -41.6% |
| Equity | 10/15 | €165,130 | €149,856 | -€15,274 | -9.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €79,851 | €79,851 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €79,851 | €79,851 | = | 0.0% |
| Profit (loss) carried forward | 14 | €79,079 | €63,805 | -€15,274 | -19.3% |
| Amounts payable | 17/49 | €107,338 | €9,267 | -€98,071 | -91.4% |
| Amounts payable within one year | 42/48 | €107,338 | €9,267 | -€98,071 | -91.4% |
| Trade debts | 44 | €81,728 | €5,309 | -€76,419 | -93.5% |
| Suppliers | 440/4 | €81,728 | €5,309 | -€76,419 | -93.5% |
| Taxes, remuneration and social security | 45 | €21,655 | €3 | -€21,652 | -100.0% |
| Taxes | 450/3 | €21,655 | €3 | -€21,652 | -100.0% |
| Other amounts payable | 47/48 | €3,955 | €3,955 | = | 0.0% |
| Other operating charges | 640/8 | €566 | €528 | -€38 | -6.8% |
| Gross operating margin | 9900 | €37,807 | -€15,291 | -€53,098 | |
| Operating profit (loss) | 9901 | €37,241 | -€15,819 | -€53,060 | |
| Financial income | 75/76B | €509 | €713 | +€204 | +40.1% |
| Recurring financial income | 75 | €509 | €713 | +€204 | +40.1% |
| Financial charges | 65/66B | €107 | €168 | +€61 | +57.0% |
| Recurring financial charges | 65 | €107 | €168 | +€61 | +57.0% |
| Profit (loss) for the period before taxes | 9903 | €37,643 | -€15,274 | -€52,917 | |
| Income taxes | 67/77 | €9,452 | €0 | -€9,452 | -100.0% |
| Profit (loss) for the period | 9904 | €28,191 | -€15,274 | -€43,465 | |
| Profit (loss) for the period to be appropriated | 9905 | €28,191 | -€15,274 | -€43,465 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.