KING'S & CONSULTING: 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'S & CONSULTING
Largest movements
- Receivables within one year -€69,400
down €69,400 (-66.7%), from €104,044 to €34,644
of which Trade receivables: -€68,665
- Tangible fixed assets -€16,079
down €16,079 (-30.1%), from €53,463 to €37,384
of which Furniture and vehicles: -€13,775
- Cash +€12,238
up €12,238 (+42.8%), from €28,603 to €40,841
mainly Receivables within one year (+€69,400) and Advances received (+€25,351)
- Receivables after one year -€6,000
down €6,000 (-6.1%), from €98,300 to €92,300
- Intangible fixed assets +€3,298
new in 2025: €3,298
- Trade debts -€59,694
down €59,694 (-89.2%), from €66,885 to €7,192
- Other debts -€32,348
down €32,348 (-87.7%), from €36,868 to €4,521
- Advances received +€25,351
new in 2025: €25,351
- Current portion of long-term debt -€20,196
down €20,196 (-92.7%), from €21,782 to €1,587
- Reserves +€16,443
up €16,443 (+60.8%), from €27,024 to €43,467
- Gross operating margin -€34,696
down €34,696 (-39.2%), from €88,434 to €53,739
- Write-downs -€30,000
no longer reported in 2025 (was €30,000)
- Other operating charges +€3,791
up €3,791 (+741%), from €511 to €4,302
- Taxes +€1,678
up €1,678 (+19.3%), from €8,683 to €10,361
- Financial charges -€1,506
down €1,506 (-62.8%), from €2,397 to €891
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 | €287,744 | €211,802 | -€75,943 | -26.4% |
| Fixed assets | 21/28 | €56,797 | €44,016 | -€12,781 | -22.5% |
| Intangible fixed assets | 21 | - | €3,298 | +€3,298 | |
| Tangible fixed assets | 22/27 | €53,463 | €37,384 | -€16,079 | -30.1% |
| Land and buildings | 22 | €18,434 | €13,972 | -€4,462 | -24.2% |
| Furniture and vehicles | 24 | €35,028 | €21,253 | -€13,775 | -39.3% |
| Other tangible fixed assets | 26 | - | €2,158 | +€2,158 | |
| Financial fixed assets | 28 | €3,335 | €3,335 | = | 0.0% |
| Current assets | 29/58 | €230,947 | €167,785 | -€63,162 | -27.3% |
| Amounts receivable after more than one year | 29 | €98,300 | €92,300 | -€6,000 | -6.1% |
| Other amounts receivable | 291 | €98,300 | €92,300 | -€6,000 | -6.1% |
| Amounts receivable within one year | 40/41 | €104,044 | €34,644 | -€69,400 | -66.7% |
| Trade receivables | 40 | €102,256 | €33,591 | -€68,665 | -67.2% |
| Other amounts receivable | 41 | €1,789 | €1,054 | -€735 | -41.1% |
| Cash at bank and in hand | 54/58 | €28,603 | €40,841 | +€12,238 | +42.8% |
| Total equity and liabilities | 10/49 | €287,744 | €211,802 | -€75,943 | -26.4% |
| Equity | 10/15 | €151,530 | €167,973 | +€16,443 | +10.9% |
| Reserves | 13 | €27,024 | €43,467 | +€16,443 | +60.8% |
| Distributable reserves | 133 | €27,024 | €43,467 | +€16,443 | +60.8% |
| Profit (loss) carried forward | 14 | €124,506 | €124,506 | = | 0.0% |
| Amounts payable | 17/49 | €136,214 | €43,828 | -€92,386 | -67.8% |
| Amounts payable within one year | 42/48 | €134,383 | €43,828 | -€90,555 | -67.4% |
| Current portion of amounts payable after more than one year | 42 | €21,782 | €1,587 | -€20,196 | -92.7% |
| Financial debts | 43 | - | €316 | +€316 | |
| Credit institutions | 430/8 | - | €316 | +€316 | |
| Trade debts | 44 | €66,885 | €7,192 | -€59,694 | -89.2% |
| Suppliers | 440/4 | €66,885 | €7,192 | -€59,694 | -89.2% |
| Advances received on contracts in progress | 46 | - | €25,351 | +€25,351 | |
| Taxes, remuneration and social security | 45 | €8,847 | €4,862 | -€3,986 | -45.0% |
| Taxes | 450/3 | €8,847 | €4,862 | -€3,986 | -45.0% |
| Other amounts payable | 47/48 | €36,868 | €4,521 | -€32,348 | -87.7% |
| Accrued charges and deferred income | 492/3 | €1,831 | - | -€1,831 | |
| Remuneration, social security and pensions | 62 | €188 | - | -€188 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,491 | €21,741 | +€250 | +1.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €30,000 | - | -€30,000 | |
| Other operating charges | 640/8 | €511 | €4,302 | +€3,791 | +741% |
| Gross operating margin | 9900 | €88,434 | €53,739 | -€34,696 | -39.2% |
| Operating profit (loss) | 9901 | €36,244 | €27,696 | -€8,548 | -23.6% |
| Financial charges | 65/66B | €2,397 | €891 | -€1,506 | -62.8% |
| Recurring financial charges | 65 | €2,397 | €891 | -€1,506 | -62.8% |
| Profit (loss) for the period before taxes | 9903 | €33,847 | €26,805 | -€7,042 | -20.8% |
| Income taxes | 67/77 | €8,683 | €10,361 | +€1,678 | +19.3% |
| Profit (loss) for the period | 9904 | €25,164 | €16,443 | -€8,721 | -34.7% |
| Profit (loss) for the period to be appropriated | 9905 | €25,164 | €16,443 | -€8,721 | -34.7% |
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 15 October 2026 via checked.be.