King Invest: 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.
What changed
King Invest
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€10,172
2024 · -€13,398+€3,225
Equity
€341,467
2024 · €351,639-€10,172
Cash
€15,541
2024 · €8,600+€6,941
Balance sheet total
€938,166
2024 · €978,308-€40,142
Largest movements
Assets
- Tangible fixed assets -€41,381
down €41,381 (-5.0%), from €829,753 to €788,372
Equity and liabilities
- Debts after one year -€29,307
down €29,307 (-5.3%), from €548,182 to €518,876
Income statement
- Financial income +€9,379
up €9,379 (+5,449%), from €172 to €9,551
- Gross operating margin -€4,705
down €4,705 (-11.3%), from €41,541 to €36,836
- Financial charges +€1,367
up €1,367 (+12.5%), from €10,907 to €12,275
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.
Result 2024
-€13,398
Gross operating margin
-€4,705
Depreciation
+€77
Other operating charges
-€157
Financial income
+€9,379
Financial charges
-€1,367
Result 2025
-€10,172
raises the resultlowers the result
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.
From operations
+€30,635
Investment
+€5,000
Financing
-€28,694
Cash 2024
€8,600
From operations (derived)
+€30,635
Net result for the year
-€10,172
Depreciation
+€41,381
Receivables within one year
+€358
Deferred charges and accrued income
+€344
Provisions
-€2,244
Trade debts
+€1,557
Accrued charges and deferred income
-€589
Investment (derived)
+€5,000
Current investments
+€5,000
Financing
-€28,694
Debts after one year
-€29,307
Current portion of long-term debt
+€612
Cash 2025
€15,541
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €978,308 | €938,166 | -€40,142 | -4.1% |
| Fixed assets | 21/28 | €829,753 | €788,372 | -€41,381 | -5.0% |
| Tangible fixed assets | 22/27 | €829,753 | €788,372 | -€41,381 | -5.0% |
| Land and buildings | 22 | €829,753 | €788,372 | -€41,381 | -5.0% |
| Current assets | 29/58 | €148,555 | €149,794 | +€1,239 | +0.8% |
| Amounts receivable within one year | 40/41 | €8,897 | €8,539 | -€358 | -4.0% |
| Other amounts receivable | 41 | €8,897 | €8,539 | -€358 | -4.0% |
| Current investments | 50/53 | €130,000 | €125,000 | -€5,000 | -3.8% |
| Cash at bank and in hand | 54/58 | €8,600 | €15,541 | +€6,941 | +80.7% |
| Deferred charges and accrued income | 490/1 | €1,058 | €714 | -€344 | -32.5% |
| Total equity and liabilities | 10/49 | €978,308 | €938,166 | -€40,142 | -4.1% |
| Equity | 10/15 | €351,639 | €341,467 | -€10,172 | -2.9% |
| Contributions | 10/11 | €174,473 | €174,473 | = | 0.0% |
| Capital | 10 | €174,473 | €174,473 | = | 0.0% |
| Issued capital | 100 | €174,473 | €174,473 | = | 0.0% |
| Reserves | 13 | €184,756 | €175,780 | -€8,976 | -4.9% |
| Non-distributable reserves | 130/1 | €8,897 | €8,897 | = | 0.0% |
| Legal reserve | 130 | €8,897 | €8,897 | = | 0.0% |
| Tax-exempt reserves | 132 | €171,099 | €162,123 | -€8,976 | -5.2% |
| Distributable reserves | 133 | €4,760 | €4,760 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,590 | -€8,787 | -€1,197 | -15.8% |
| Provisions and deferred taxes | 16 | €42,775 | €40,531 | -€2,244 | -5.2% |
| Deferred taxes | 168 | €42,775 | €40,531 | -€2,244 | -5.2% |
| Amounts payable | 17/49 | €583,894 | €556,168 | -€27,726 | -4.7% |
| Amounts payable after more than one year | 17 | €548,182 | €518,876 | -€29,307 | -5.3% |
| Financial debts | 170/4 | €548,182 | €518,876 | -€29,307 | -5.3% |
| Amounts payable within one year | 42/48 | €31,634 | €33,804 | +€2,170 | +6.9% |
| Current portion of amounts payable after more than one year | 42 | €31,111 | €31,723 | +€612 | +2.0% |
| Trade debts | 44 | €523 | €2,081 | +€1,557 | +298% |
| Suppliers | 440/4 | €523 | €2,081 | +€1,557 | +298% |
| Accrued charges and deferred income | 492/3 | €4,078 | €3,489 | -€589 | -14.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,458 | €41,381 | -€77 | -0.2% |
| Other operating charges | 640/8 | €4,989 | €5,147 | +€157 | +3.2% |
| Gross operating margin | 9900 | €41,541 | €36,836 | -€4,705 | -11.3% |
| Operating profit (loss) | 9901 | -€4,907 | -€9,692 | -€4,786 | -97.5% |
| Financial income | 75/76B | €172 | €9,551 | +€9,379 | +5,449% |
| Recurring financial income | 75 | €172 | €9,551 | +€9,379 | +5,449% |
| Financial charges | 65/66B | €10,907 | €12,275 | +€1,367 | +12.5% |
| Recurring financial charges | 65 | €10,907 | €12,275 | +€1,367 | +12.5% |
| Profit (loss) for the period before taxes | 9903 | -€15,642 | -€12,416 | +€3,225 | +20.6% |
| Transfer from deferred taxes | 780 | €2,244 | €2,244 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€13,398 | -€10,172 | +€3,225 | +24.1% |
| Transfer from tax-exempt reserves | 789 | €8,976 | €8,976 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,422 | -€1,197 | +€3,225 | +72.9% |
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 31 October 2026 via checked.be.