KING KONG: 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 KONG
Largest movements
- Receivables within one year -€155,768
down €155,768 (-50.0%), from €311,668 to €155,900
of which Other amounts receivable: -€124,276
- Current investments -€112,704
down €112,704 (-27.2%), from €414,000 to €301,296
- Cash -€107,086
down €107,086 (-53.1%), from €201,627 to €94,542
mainly Other debts (-€325,184) and Debts after one year (-€197,436)
- Tangible fixed assets +€89,303
up €89,303 (+22.3%), from €399,631 to €488,934
of which Furniture and vehicles: +€49,770
- Other debts -€325,184
down €325,184 (-48.0%), from €677,790 to €352,606
- Reserves +€282,921
up €282,921 (+19.4%), from €1.5m to €1.7m
of which Distributable reserves: +€282,921
- Debts after one year -€197,436
down €197,436 (-10.5%), from €1.9m to €1.7m
- Staff costs +€76,863
up €76,863 (+12.2%), from €632,484 to €709,347
- Gross operating margin +€74,592
up €74,592 (+5.3%), from €1.4m to €1.5m
- Depreciation +€15,262
up €15,262 (+59.3%), from €25,741 to €41,003
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 | €4,515,446 | €4,235,584 | -€279,862 | -6.2% |
| Fixed assets | 21/28 | €3,586,615 | €3,675,918 | +€89,303 | +2.5% |
| Tangible fixed assets | 22/27 | €399,631 | €488,934 | +€89,303 | +22.3% |
| Land and buildings | 22 | €373,734 | €411,867 | +€38,133 | +10.2% |
| Plant, machinery and equipment | 23 | - | €1,400 | +€1,400 | |
| Furniture and vehicles | 24 | €25,896 | €75,666 | +€49,770 | +192.2% |
| Financial fixed assets | 28 | €3,186,985 | €3,186,985 | = | 0.0% |
| Current assets | 29/58 | €928,831 | €559,666 | -€369,165 | -39.7% |
| Amounts receivable within one year | 40/41 | €311,668 | €155,900 | -€155,768 | -50.0% |
| Trade receivables | 40 | €48,326 | €16,834 | -€31,492 | -65.2% |
| Other amounts receivable | 41 | €263,342 | €139,066 | -€124,276 | -47.2% |
| Current investments | 50/53 | €414,000 | €301,296 | -€112,704 | -27.2% |
| Cash at bank and in hand | 54/58 | €201,627 | €94,542 | -€107,086 | -53.1% |
| Deferred charges and accrued income | 490/1 | €1,535 | €7,928 | +€6,393 | +416.4% |
| Total equity and liabilities | 10/49 | €4,515,446 | €4,235,584 | -€279,862 | -6.2% |
| Equity | 10/15 | €1,464,614 | €1,747,535 | +€282,921 | +19.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,458,414 | €1,741,335 | +€282,921 | +19.4% |
| Tax-exempt reserves | 132 | €2,786 | €2,786 | = | 0.0% |
| Distributable reserves | 133 | €1,455,628 | €1,738,549 | +€282,921 | +19.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €3,050,832 | €2,488,049 | -€562,783 | -18.4% |
| Amounts payable after more than one year | 17 | €1,885,818 | €1,688,383 | -€197,436 | -10.5% |
| Financial debts | 170/4 | €1,885,818 | €1,688,383 | -€197,436 | -10.5% |
| Amounts payable within one year | 42/48 | €1,136,080 | €796,402 | -€339,678 | -29.9% |
| Current portion of amounts payable after more than one year | 42 | €251,885 | €266,198 | +€14,313 | +5.7% |
| Financial debts | 43 | €43,948 | €0 | -€43,948 | -100.0% |
| Credit institutions | 430/8 | €43,948 | €0 | -€43,948 | -100.0% |
| Trade debts | 44 | €40,610 | €44,594 | +€3,984 | +9.8% |
| Suppliers | 440/4 | €40,610 | €44,594 | +€3,984 | +9.8% |
| Taxes, remuneration and social security | 45 | €121,847 | €133,004 | +€11,157 | +9.2% |
| Taxes | 450/3 | €7,375 | €19,492 | +€12,117 | +164.3% |
| Remuneration and social security | 454/9 | €114,472 | €113,512 | -€960 | -0.8% |
| Other amounts payable | 47/48 | €677,790 | €352,606 | -€325,184 | -48.0% |
| Accrued charges and deferred income | 492/3 | €28,934 | €3,264 | -€25,670 | -88.7% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €632,484 | €709,347 | +€76,863 | +12.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,741 | €41,003 | +€15,262 | +59.3% |
| Other operating charges | 640/8 | €1,906 | €2,079 | +€172 | +9.0% |
| Gross operating margin | 9900 | €1,400,783 | €1,475,375 | +€74,592 | +5.3% |
| Operating profit (loss) | 9901 | €740,651 | €722,946 | -€17,706 | -2.4% |
| Financial income | 75/76B | €9,445 | €11,823 | +€2,378 | +25.2% |
| Recurring financial income | 75 | €9,445 | €11,823 | +€2,378 | +25.2% |
| Financial charges | 65/66B | €74,908 | €66,590 | -€8,318 | -11.1% |
| Recurring financial charges | 65 | €74,908 | €66,590 | -€8,318 | -11.1% |
| Profit (loss) for the period before taxes | 9903 | €675,188 | €668,178 | -€7,010 | -1.0% |
| Income taxes | 67/77 | €205,658 | €215,392 | +€9,734 | +4.7% |
| Profit (loss) for the period | 9904 | €469,530 | €452,786 | -€16,744 | -3.6% |
| Profit (loss) for the period to be appropriated | 9905 | €469,530 | €452,786 | -€16,744 | -3.6% |
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 12 October 2026 via checked.be.