KING EXPRESS: 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 EXPRESS
Largest movements
- Cash +€20,209
up €20,209 (+249.7%), from €8,094 to €28,303
mainly Net result for the year (+€17,131) and Depreciation (+€10,192)
- Tangible fixed assets -€10,192
down €10,192 (-27.1%), from €37,563 to €27,371
- Receivables within one year +€4,008
up €4,008 (+80.5%), from €4,982 to €8,990
of which Other amounts receivable: +€4,610
- Deferred charges and accrued income -€1,823
down €1,823 (-42.5%), from €4,291 to €2,468
- Profit (loss) carried forward +€17,131
up €17,131 (+76.8%), from €22,308 to €39,439
- Other debts -€6,229
no longer reported in 2025 (was €6,229)
- Tax, wage and social debts +€876
up €876 (+14.4%), from €6,092 to €6,968
of which Taxes: +€1,047
- Gross operating margin +€30,939
up €30,939 (+301.1%), from €10,276 to €41,215
- Staff costs +€10,899
new in 2025: €10,899
- Other operating charges -€9,718
down €9,718 (-86.9%), from €11,180 to €1,462
- Taxes +€4,710
new in 2025: €4,710
- Financial income +€3,355
new in 2025: €3,355
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 | €55,405 | €67,607 | +€12,202 | +22.0% |
| Fixed assets | 21/28 | €38,038 | €27,846 | -€10,192 | -26.8% |
| Tangible fixed assets | 22/27 | €37,563 | €27,371 | -€10,192 | -27.1% |
| Furniture and vehicles | 24 | €37,563 | €27,371 | -€10,192 | -27.1% |
| Financial fixed assets | 28 | €475 | €475 | = | 0.0% |
| Current assets | 29/58 | €17,367 | €39,761 | +€22,394 | +128.9% |
| Amounts receivable within one year | 40/41 | €4,982 | €8,990 | +€4,008 | +80.5% |
| Trade receivables | 40 | €2,222 | €1,620 | -€602 | -27.1% |
| Other amounts receivable | 41 | €2,760 | €7,370 | +€4,610 | +167.1% |
| Cash at bank and in hand | 54/58 | €8,094 | €28,303 | +€20,209 | +249.7% |
| Deferred charges and accrued income | 490/1 | €4,291 | €2,468 | -€1,823 | -42.5% |
| Total equity and liabilities | 10/49 | €55,405 | €67,607 | +€12,202 | +22.0% |
| Equity | 10/15 | €32,308 | €49,439 | +€17,131 | +53.0% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Capital | 10 | €10,000 | €10,000 | = | 0.0% |
| Issued capital | 100 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €22,308 | €39,439 | +€17,131 | +76.8% |
| Amounts payable | 17/49 | €23,097 | €18,168 | -€4,929 | -21.3% |
| Amounts payable within one year | 42/48 | €23,097 | €18,168 | -€4,929 | -21.3% |
| Trade debts | 44 | €10,775 | €11,200 | +€425 | +3.9% |
| Suppliers | 440/4 | €10,775 | €11,200 | +€425 | +3.9% |
| Taxes, remuneration and social security | 45 | €6,092 | €6,968 | +€876 | +14.4% |
| Taxes | 450/3 | €4,743 | €5,790 | +€1,047 | +22.1% |
| Remuneration and social security | 454/9 | €1,349 | €1,178 | -€171 | -12.7% |
| Other amounts payable | 47/48 | €6,229 | - | -€6,229 | |
| Remuneration, social security and pensions | 62 | - | €10,899 | +€10,899 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,614 | €10,192 | +€2,578 | +33.9% |
| Other operating charges | 640/8 | €11,180 | €1,462 | -€9,718 | -86.9% |
| Gross operating margin | 9900 | €10,276 | €41,215 | +€30,939 | +301.1% |
| Operating profit (loss) | 9901 | -€8,518 | €18,662 | +€27,180 | |
| Financial income | 75/76B | - | €3,355 | +€3,355 | |
| Recurring financial income | 75 | - | €3,355 | +€3,355 | |
| Financial charges | 65/66B | €125 | €176 | +€51 | +41.3% |
| Recurring financial charges | 65 | €125 | €176 | +€51 | +41.3% |
| Profit (loss) for the period before taxes | 9903 | -€8,643 | €21,841 | +€30,484 | |
| Income taxes | 67/77 | - | €4,710 | +€4,710 | |
| Profit (loss) for the period | 9904 | -€8,643 | €17,131 | +€25,774 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,643 | €17,131 | +€25,774 |
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 8 October 2026 via checked.be.