KING LOU: 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 LOU
Largest movements
- Receivables within one year -€6,368
down €6,368 (-30.8%), from €20,663 to €14,295
of which Other amounts receivable: -€4,897
- Current investments +€1,650
up €1,650 (+76.5%), from €2,156 to €3,806
- Tangible fixed assets -€1,446
down €1,446 (-32.6%), from €4,431 to €2,985
- Profit (loss) carried forward -€4,224
down €4,224 (-15.8%), from -€26,803 to -€31,027
- Trade debts -€1,902
down €1,902 (-45.2%), from €4,205 to €2,302
- Advances received -€568
no longer reported in 2025 (was €568)
- Tax, wage and social debts +€508
up €508 (+43.2%), from €1,177 to €1,685
- Gross operating margin +€36,046
up €36,046 (+92.8%), from -€38,852 to -€2,807
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 | €40,432 | €34,646 | -€5,786 | -14.3% |
| Fixed assets | 21/28 | €4,456 | €3,010 | -€1,446 | -32.4% |
| Tangible fixed assets | 22/27 | €4,431 | €2,985 | -€1,446 | -32.6% |
| Furniture and vehicles | 24 | €4,431 | €2,985 | -€1,446 | -32.6% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €35,976 | €31,636 | -€4,340 | -12.1% |
| Amounts receivable after more than one year | 29 | €12,175 | €12,428 | +€253 | +2.1% |
| Other amounts receivable | 291 | €12,175 | €12,428 | +€253 | +2.1% |
| Amounts receivable within one year | 40/41 | €20,663 | €14,295 | -€6,368 | -30.8% |
| Trade receivables | 40 | €1,471 | - | -€1,471 | |
| Other amounts receivable | 41 | €19,192 | €14,295 | -€4,897 | -25.5% |
| Current investments | 50/53 | €2,156 | €3,806 | +€1,650 | +76.5% |
| Cash at bank and in hand | 54/58 | €733 | €1,107 | +€374 | +51.0% |
| Deferred charges and accrued income | 490/1 | €249 | - | -€249 | |
| Total equity and liabilities | 10/49 | €40,432 | €34,646 | -€5,786 | -14.3% |
| Equity | 10/15 | €34,483 | €30,259 | -€4,224 | -12.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €48,886 | €48,886 | = | 0.0% |
| Distributable reserves | 133 | €48,886 | €48,886 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€26,803 | -€31,027 | -€4,224 | -15.8% |
| Amounts payable | 17/49 | €5,949 | €4,387 | -€1,563 | -26.3% |
| Amounts payable within one year | 42/48 | €5,949 | €3,987 | -€1,962 | -33.0% |
| Trade debts | 44 | €4,205 | €2,302 | -€1,902 | -45.2% |
| Suppliers | 440/4 | €4,205 | €2,302 | -€1,902 | -45.2% |
| Advances received on contracts in progress | 46 | €568 | - | -€568 | |
| Taxes, remuneration and social security | 45 | €1,177 | €1,685 | +€508 | +43.2% |
| Taxes | 450/3 | €1,177 | €1,685 | +€508 | +43.2% |
| Accrued charges and deferred income | 492/3 | - | €400 | +€400 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,548 | €1,446 | -€102 | -6.6% |
| Other operating charges | 640/8 | €816 | €783 | -€33 | -4.1% |
| Gross operating margin | 9900 | -€38,852 | -€2,807 | +€36,046 | +92.8% |
| Operating profit (loss) | 9901 | -€41,217 | -€5,035 | +€36,181 | +87.8% |
| Financial income | 75/76B | €1,171 | €1,127 | -€44 | -3.7% |
| Recurring financial income | 75 | €1,171 | €1,127 | -€44 | -3.7% |
| Financial charges | 65/66B | €155 | €150 | -€5 | -3.0% |
| Recurring financial charges | 65 | €155 | €150 | -€5 | -3.0% |
| Profit (loss) for the period before taxes | 9903 | -€40,201 | -€4,059 | +€36,142 | +89.9% |
| Income taxes | 67/77 | €158 | €165 | +€7 | +4.4% |
| Profit (loss) for the period | 9904 | -€40,359 | -€4,224 | +€36,135 | +89.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€40,359 | -€4,224 | +€36,135 | +89.5% |
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.