King's B: what changed
Two fiscal 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's B
Largest movements
- Deferred charges and accrued income -€70,000
no longer reported in 2024 (was €70,000)
- Current investments +€51,651
new in 2024: €51,651
- Cash -€50,244
no longer reported in 2024 (was €50,244)
mainly Net result for the year (-€197,481) and Trade debts (-€139,061)
- Receivables within one year +€11,118
up €11,118 (+27.7%), from €40,107 to €51,225
of which Other amounts receivable: +€6,782
- Stocks and contracts +€3,368
up €3,368 (+67.8%), from €4,968 to €8,336
- Other debts +€288,632
up €288,632 (+15386.9%), from €1,876 to €290,508
- Profit (loss) carried forward -€197,481
down €197,481 (-896.7%), from -€22,023 to -€219,504
- Trade debts -€139,061
down €139,061 (-87.4%), from €159,186 to €20,125
- Tax, wage and social debts -€6,197
down €6,197 (-55.2%), from €11,221 to €5,024
of which Taxes: -€7,350
- Gross operating margin -€117,050
down €117,050, from €35,311 to -€81,739
- Staff costs -€5,034
down €5,034 (-14.7%), from €34,325 to €29,291
- Depreciation -€4,087
no longer reported in 2024 (was €4,087)
- Other operating charges +€1,821
up €1,821 (+242.8%), from €750 to €2,571
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €170,720 | €116,612 | -€54,108 | -31.7% |
| Fixed assets | 21/28 | €5,400 | €5,400 | = | 0.0% |
| Financial fixed assets | 28 | €5,400 | €5,400 | = | 0.0% |
| Current assets | 29/58 | €165,320 | €111,212 | -€54,108 | -32.7% |
| Stocks and contracts in progress | 3 | €4,968 | €8,336 | +€3,368 | +67.8% |
| Stocks | 30/36 | €4,968 | €8,336 | +€3,368 | +67.8% |
| Amounts receivable within one year | 40/41 | €40,107 | €51,225 | +€11,118 | +27.7% |
| Trade receivables | 40 | €16,980 | €21,316 | +€4,336 | +25.5% |
| Other amounts receivable | 41 | €23,127 | €29,909 | +€6,782 | +29.3% |
| Current investments | 50/53 | - | €51,651 | +€51,651 | |
| Cash at bank and in hand | 54/58 | €50,244 | - | -€50,244 | |
| Deferred charges and accrued income | 490/1 | €70,000 | - | -€70,000 | |
| Total equity and liabilities | 10/49 | €170,720 | €116,612 | -€54,108 | -31.7% |
| Equity | 10/15 | -€1,563 | -€199,044 | -€197,481 | -12634.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€22,023 | -€219,504 | -€197,481 | -896.7% |
| Amounts payable | 17/49 | €172,283 | €315,656 | +€143,374 | +83.2% |
| Amounts payable within one year | 42/48 | €172,283 | €315,656 | +€143,374 | +83.2% |
| Trade debts | 44 | €159,186 | €20,125 | -€139,061 | -87.4% |
| Suppliers | 440/4 | €159,186 | €20,125 | -€139,061 | -87.4% |
| Taxes, remuneration and social security | 45 | €11,221 | €5,024 | -€6,197 | -55.2% |
| Taxes | 450/3 | €7,350 | - | -€7,350 | |
| Remuneration and social security | 454/9 | €3,871 | €5,024 | +€1,153 | +29.8% |
| Other amounts payable | 47/48 | €1,876 | €290,508 | +€288,632 | +15386.9% |
| Non-recurring operating income | 76A | €517 | - | -€517 | |
| Remuneration, social security and pensions | 62 | €34,325 | €29,291 | -€5,034 | -14.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,087 | - | -€4,087 | |
| Other operating charges | 640/8 | €750 | €2,571 | +€1,821 | +242.8% |
| Non-recurring operating charges | 66A | - | €82,490 | +€82,490 | |
| Gross operating margin | 9900 | €35,311 | -€81,739 | -€117,050 | |
| Operating profit (loss) | 9901 | -€3,851 | -€196,091 | -€192,240 | -4991.3% |
| Financial income | 75/76B | €16 | - | -€16 | |
| Recurring financial income | 75 | €16 | - | -€16 | |
| Financial charges | 65/66B | €623 | €1,390 | +€767 | +123.2% |
| Recurring financial charges | 65 | €623 | €1,390 | +€767 | +123.2% |
| Profit (loss) for the period before taxes | 9903 | -€4,458 | -€197,481 | -€193,023 | -4329.4% |
| Profit (loss) for the period | 9904 | -€4,458 | -€197,481 | -€193,023 | -4329.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,458 | -€197,481 | -€193,023 | -4329.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.