KING KHONG: 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 KHONG
Largest movements
- Cash +€15,240
up €15,240 (+24.5%), from €62,261 to €77,501
mainly Net result for the year (+€27,856) and Depreciation (+€6,218)
- Tangible fixed assets -€6,218
down €6,218 (-11.1%), from €55,797 to €49,579
of which Land and buildings: -€5,773
- Stocks and contracts -€3,266
down €3,266 (-9.2%), from €35,561 to €32,295
- Profit (loss) carried forward +€27,856
up €27,856 (+479%), from €5,811 to €33,667
- Other debts -€12,406
no longer reported in 2025 (was €12,406)
- Debts after one year -€11,470
down €11,470 (-14.3%), from €80,188 to €68,718
- Trade debts +€1,811
up €1,811 (+67.2%), from €2,695 to €4,506
- Gross operating margin +€16,296
up €16,296 (+45.9%), from €35,537 to €51,832
- Taxes +€6,679
up €6,679 (+445%), from €1,500 to €8,179
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 | €154,722 | €161,338 | +€6,616 | +4.3% |
| Fixed assets | 21/28 | €55,797 | €49,579 | -€6,218 | -11.1% |
| Tangible fixed assets | 22/27 | €55,797 | €49,579 | -€6,218 | -11.1% |
| Land and buildings | 22 | €54,461 | €48,688 | -€5,773 | -10.6% |
| Plant, machinery and equipment | 23 | €1,337 | €891 | -€446 | -33.3% |
| Current assets | 29/58 | €98,924 | €111,759 | +€12,834 | +13.0% |
| Stocks and contracts in progress | 3 | €35,561 | €32,295 | -€3,266 | -9.2% |
| Stocks | 30/36 | €35,561 | €32,295 | -€3,266 | -9.2% |
| Cash at bank and in hand | 54/58 | €62,261 | €77,501 | +€15,240 | +24.5% |
| Deferred charges and accrued income | 490/1 | €1,103 | €1,963 | +€860 | +78.0% |
| Total equity and liabilities | 10/49 | €154,722 | €161,338 | +€6,616 | +4.3% |
| Equity | 10/15 | €41,262 | €69,118 | +€27,856 | +67.5% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €16,859 | €16,859 | = | 0.0% |
| Distributable reserves | 133 | €16,859 | €16,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,811 | €33,667 | +€27,856 | +479% |
| Amounts payable | 17/49 | €113,459 | €92,219 | -€21,240 | -18.7% |
| Amounts payable after more than one year | 17 | €80,188 | €68,718 | -€11,470 | -14.3% |
| Financial debts | 170/4 | €80,188 | €68,718 | -€11,470 | -14.3% |
| Amounts payable within one year | 42/48 | €33,271 | €23,501 | -€9,770 | -29.4% |
| Current portion of amounts payable after more than one year | 42 | €10,877 | €11,470 | +€593 | +5.5% |
| Trade debts | 44 | €2,695 | €4,506 | +€1,811 | +67.2% |
| Suppliers | 440/4 | €2,695 | €4,506 | +€1,811 | +67.2% |
| Taxes, remuneration and social security | 45 | €7,293 | €7,525 | +€232 | +3.2% |
| Taxes | 450/3 | €7,293 | €6,565 | -€728 | -10.0% |
| Remuneration and social security | 454/9 | - | €960 | +€960 | |
| Other amounts payable | 47/48 | €12,406 | - | -€12,406 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,218 | €6,218 | = | 0.0% |
| Other operating charges | 640/8 | €3,625 | €3,694 | +€69 | +1.9% |
| Gross operating margin | 9900 | €35,537 | €51,832 | +€16,296 | +45.9% |
| Operating profit (loss) | 9901 | €25,693 | €41,920 | +€16,226 | +63.2% |
| Financial income | 75/76B | €205 | €90 | -€115 | -56.3% |
| Recurring financial income | 75 | €205 | €90 | -€115 | -56.3% |
| Financial charges | 65/66B | €6,375 | €5,974 | -€401 | -6.3% |
| Recurring financial charges | 65 | €6,375 | €5,974 | -€401 | -6.3% |
| Profit (loss) for the period before taxes | 9903 | €19,523 | €36,035 | +€16,513 | +84.6% |
| Income taxes | 67/77 | €1,500 | €8,179 | +€6,679 | +445% |
| Profit (loss) for the period | 9904 | €18,023 | €27,856 | +€9,833 | +54.6% |
| Profit (loss) for the period to be appropriated | 9905 | €18,023 | €27,856 | +€9,833 | +54.6% |
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 19 October 2026 via checked.be.