KING GALLERY: 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 GALLERY
Largest movements
- Receivables within one year -€98,518
down €98,518 (-24.3%), from €405,426 to €306,908
of which Other amounts receivable: -€68,518
- Stocks and contracts -€89,000
down €89,000 (-28.5%), from €312,286 to €223,286
- Tangible fixed assets -€21,431
down €21,431 (-2.3%), from €947,667 to €926,236
of which Land and buildings: -€50,789
- Cash -€17,447
down €17,447 (-60.5%), from €28,859 to €11,412
mainly Trade debts (-€337,674) and Investment in fixed assets (net) (-€59,230)
- Trade debts -€337,674
down €337,674 (-95.9%), from €352,153 to €14,479
- Other debts +€139,154
up €139,154 (+25.7%), from €541,545 to €680,699
- Debts after one year -€26,321
down €26,321 (-4.7%), from €557,489 to €531,168
- Reserves +€21,000
up €21,000 (+23.3%), from €90,000 to €111,000
- Depreciation +€17,397
up €17,397 (+27.5%), from €63,264 to €80,661
- Gross operating margin +€13,830
up €13,830 (+10.5%), from €131,368 to €145,198
- Financial charges +€5,703
up €5,703 (+26.1%), from €21,824 to €27,527
- Other operating charges +€3,667
up €3,667 (+196.1%), from €1,870 to €5,537
- Taxes -€3,531
down €3,531 (-25.8%), from €13,677 to €10,146
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 | €1,694,239 | €1,467,843 | -€226,396 | -13.4% |
| Fixed assets | 21/28 | €947,667 | €926,236 | -€21,431 | -2.3% |
| Tangible fixed assets | 22/27 | €947,667 | €926,236 | -€21,431 | -2.3% |
| Land and buildings | 22 | €900,433 | €849,643 | -€50,789 | -5.6% |
| Plant, machinery and equipment | 23 | €21,321 | €15,784 | -€5,536 | -26.0% |
| Furniture and vehicles | 24 | €14,172 | €60,198 | +€46,026 | +324.8% |
| Leasing and similar rights | 25 | €11,742 | €610 | -€11,132 | -94.8% |
| Current assets | 29/58 | €746,571 | €541,607 | -€204,965 | -27.5% |
| Stocks and contracts in progress | 3 | €312,286 | €223,286 | -€89,000 | -28.5% |
| Stocks | 30/36 | €312,286 | €223,286 | -€89,000 | -28.5% |
| Amounts receivable within one year | 40/41 | €405,426 | €306,908 | -€98,518 | -24.3% |
| Trade receivables | 40 | €325,000 | €295,000 | -€30,000 | -9.2% |
| Other amounts receivable | 41 | €80,426 | €11,908 | -€68,518 | -85.2% |
| Cash at bank and in hand | 54/58 | €28,859 | €11,412 | -€17,447 | -60.5% |
| Total equity and liabilities | 10/49 | €1,694,239 | €1,467,843 | -€226,396 | -13.4% |
| Equity | 10/15 | €162,498 | €183,825 | +€21,327 | +13.1% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €90,000 | €111,000 | +€21,000 | +23.3% |
| Tax-exempt reserves | 132 | €90,000 | €111,000 | +€21,000 | +23.3% |
| Profit (loss) carried forward | 14 | €22,498 | €22,825 | +€327 | +1.5% |
| Amounts payable | 17/49 | €1,531,740 | €1,284,017 | -€247,723 | -16.2% |
| Amounts payable after more than one year | 17 | €557,489 | €531,168 | -€26,321 | -4.7% |
| Financial debts | 170/4 | €557,489 | €531,168 | -€26,321 | -4.7% |
| Amounts payable within one year | 42/48 | €974,251 | €752,849 | -€221,402 | -22.7% |
| Current portion of amounts payable after more than one year | 42 | €41,527 | €26,814 | -€14,713 | -35.4% |
| Financial debts | 43 | €13 | - | -€13 | |
| Credit institutions | 430/8 | €13 | - | -€13 | |
| Trade debts | 44 | €352,153 | €14,479 | -€337,674 | -95.9% |
| Suppliers | 440/4 | €352,153 | €14,479 | -€337,674 | -95.9% |
| Taxes, remuneration and social security | 45 | €39,013 | €30,857 | -€8,156 | -20.9% |
| Taxes | 450/3 | €39,013 | €30,857 | -€8,156 | -20.9% |
| Other amounts payable | 47/48 | €541,545 | €680,699 | +€139,154 | +25.7% |
| Non-recurring operating income | 76A | €9,301 | €78,102 | +€68,801 | +739.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €63,264 | €80,661 | +€17,397 | +27.5% |
| Other operating charges | 640/8 | €1,870 | €5,537 | +€3,667 | +196.1% |
| Gross operating margin | 9900 | €131,368 | €145,198 | +€13,830 | +10.5% |
| Operating profit (loss) | 9901 | €66,234 | €59,000 | -€7,233 | -10.9% |
| Financial charges | 65/66B | €21,824 | €27,527 | +€5,703 | +26.1% |
| Recurring financial charges | 65 | €21,824 | €27,527 | +€5,703 | +26.1% |
| Profit (loss) for the period before taxes | 9903 | €44,410 | €31,473 | -€12,937 | -29.1% |
| Income taxes | 67/77 | €13,677 | €10,146 | -€3,531 | -25.8% |
| Profit (loss) for the period | 9904 | €30,733 | €21,327 | -€9,406 | -30.6% |
| Profit (loss) for the period to be appropriated | 9905 | €30,733 | €21,327 | -€9,406 | -30.6% |
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 4 October 2026 via checked.be.