KING GEORGE THE SECOND: 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 GEORGE THE SECOND
Largest movements
- Stocks and contracts -€127,553
no longer reported in 2025 (was €127,553)
- Profit (loss) carried forward -€73,013
down €73,013 (-1,762%), from -€4,143 to -€77,156
- Other debts -€55,034
down €55,034 (-43.3%), from €127,190 to €72,156
- Gross operating margin -€300
no longer reported in 2025 (was €300)
From the 2022 result to the 2025 result
The net result is not in both sets of accounts; without it the difference cannot be explained line by line.
Derived cash bridge
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2022 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €128,048 | - | -€128,048 | |
| Current assets | 29/58 | €128,048 | - | -€128,048 | |
| Stocks and contracts in progress | 3 | €127,553 | - | -€127,553 | |
| Stocks | 30/36 | €127,553 | - | -€127,553 | |
| Amounts receivable within one year | 40/41 | €167 | - | -€167 | |
| Other amounts receivable | 41 | €167 | - | -€167 | |
| Cash at bank and in hand | 54/58 | €327 | - | -€327 | |
| Total equity and liabilities | 10/49 | €128,048 | - | -€128,048 | |
| Equity | 10/15 | €857 | -€72,156 | -€73,013 | |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,143 | -€77,156 | -€73,013 | -1,762% |
| Amounts payable | 17/49 | €127,190 | €72,156 | -€55,034 | -43.3% |
| Amounts payable within one year | 42/48 | €127,190 | €72,156 | -€55,034 | -43.3% |
| Other amounts payable | 47/48 | €127,190 | €72,156 | -€55,034 | -43.3% |
| Gross operating margin | 9900 | €300 | - | -€300 | |
| Operating profit (loss) | 9901 | €300 | - | -€300 | |
| Profit (loss) for the period before taxes | 9903 | €300 | - | -€300 | |
| Profit (loss) for the period | 9904 | €300 | - | -€300 | |
| Profit (loss) for the period to be appropriated | 9905 | €300 | - | -€300 |
Source: filed annual accounts (NBB), financial years ended 31 December 2022 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.