KING GUSTAVE: 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 GUSTAVE
Largest movements
- Receivables within one year -€83,953
down €83,953 (-98.1%), from €85,615 to €1,663
of which Other amounts receivable: -€81,125
- Cash +€39,871
up €39,871 (+1,870%), from €2,132 to €42,003
mainly Receivables within one year (+€83,953) and Net result for the year (+€443)
- Other debts -€40,000
down €40,000 (-65.1%), from €61,491 to €21,491
- Financial income -€25,511
down €25,511 (-93.1%), from €27,405 to €1,894
- Taxes -€4,306
down €4,306 (-96.9%), from €4,443 to €137
- Other operating charges +€31
up €31 (+3.0%), from €1,038 to €1,068
- Financial charges +€8
up €8 (+4.7%), from €172 to €180
- Gross operating margin -€2
down €2 (-3.0%), from -€64 to -€66
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 | €956,643 | €912,561 | -€44,082 | -4.6% |
| Fixed assets | 21/28 | €868,895 | €868,895 | = | 0.0% |
| Financial fixed assets | 28 | €868,895 | €868,895 | = | 0.0% |
| Current assets | 29/58 | €87,748 | €43,666 | -€44,082 | -50.2% |
| Amounts receivable within one year | 40/41 | €85,615 | €1,663 | -€83,953 | -98.1% |
| Trade receivables | 40 | €4,491 | €1,663 | -€2,828 | -63.0% |
| Other amounts receivable | 41 | €81,125 | - | -€81,125 | |
| Cash at bank and in hand | 54/58 | €2,132 | €42,003 | +€39,871 | +1,870% |
| Total equity and liabilities | 10/49 | €956,643 | €912,561 | -€44,082 | -4.6% |
| Equity | 10/15 | €891,672 | €890,994 | -€677 | -0.1% |
| Contributions | 10/11 | €868,895 | €868,895 | = | 0.0% |
| Reserves | 13 | €22,000 | €21,000 | -€1,000 | -4.5% |
| Distributable reserves | 133 | €22,000 | €21,000 | -€1,000 | -4.5% |
| Profit (loss) carried forward | 14 | €777 | €1,099 | +€323 | +41.6% |
| Amounts payable | 17/49 | €64,971 | €21,567 | -€43,404 | -66.8% |
| Amounts payable within one year | 42/48 | €64,971 | €21,567 | -€43,404 | -66.8% |
| Trade debts | 44 | €0 | - | = | |
| Suppliers | 440/4 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €3,480 | €76 | -€3,404 | -97.8% |
| Taxes | 450/3 | €3,480 | €76 | -€3,404 | -97.8% |
| Other amounts payable | 47/48 | €61,491 | €21,491 | -€40,000 | -65.1% |
| Other operating charges | 640/8 | €1,038 | €1,068 | +€31 | +3.0% |
| Gross operating margin | 9900 | -€64 | -€66 | -€2 | -3.0% |
| Operating profit (loss) | 9901 | -€1,101 | -€1,134 | -€33 | -3.0% |
| Financial income | 75/76B | €27,405 | €1,894 | -€25,511 | -93.1% |
| Recurring financial income | 75 | €27,405 | €1,894 | -€25,511 | -93.1% |
| Financial charges | 65/66B | €172 | €180 | +€8 | +4.7% |
| Recurring financial charges | 65 | €172 | €180 | +€8 | +4.7% |
| Profit (loss) for the period before taxes | 9903 | €26,131 | €579 | -€25,552 | -97.8% |
| Income taxes | 67/77 | €4,443 | €137 | -€4,306 | -96.9% |
| Profit (loss) for the period | 9904 | €21,688 | €443 | -€21,246 | -98.0% |
| Profit (loss) for the period to be appropriated | 9905 | €21,688 | €443 | -€21,246 | -98.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.