KING SOLDES: 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 SOLDES
Largest movements
- Tangible fixed assets -€18,297
down €18,297 (-6.4%), from €286,430 to €268,133
of which Land and buildings: -€11,297
- Profit (loss) carried forward -€8,999
down €8,999 (-5.1%), from -€176,153 to -€185,152
- Debts after one year -€8,807
down €8,807 (-14.8%), from €59,415 to €50,608
- Advances received -€4,480
no longer reported in 2025 (was €4,480)
- Gross operating margin -€6,165
down €6,165 (-27.3%), from €22,541 to €16,376
- Financial charges +€1,258
up €1,258 (+65.3%), from €1,926 to €3,185
- Taxes -€1,071
no longer reported in 2025 (was €1,071)
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 | €340,722 | €318,607 | -€22,116 | -6.5% |
| Fixed assets | 21/28 | €286,510 | €268,213 | -€18,297 | -6.4% |
| Tangible fixed assets | 22/27 | €286,430 | €268,133 | -€18,297 | -6.4% |
| Land and buildings | 22 | €228,726 | €217,429 | -€11,297 | -4.9% |
| Other tangible fixed assets | 26 | €57,704 | €50,704 | -€7,000 | -12.1% |
| Financial fixed assets | 28 | €80 | €80 | = | 0.0% |
| Current assets | 29/58 | €54,213 | €50,394 | -€3,818 | -7.0% |
| Amounts receivable within one year | 40/41 | €50,310 | €47,830 | -€2,480 | -4.9% |
| Trade receivables | 40 | €4,480 | - | -€4,480 | |
| Other amounts receivable | 41 | €45,830 | €47,830 | +€2,000 | +4.4% |
| Cash at bank and in hand | 54/58 | €3,903 | €2,565 | -€1,338 | -34.3% |
| Total equity and liabilities | 10/49 | €340,722 | €318,607 | -€22,116 | -6.5% |
| Equity | 10/15 | €71,425 | €62,426 | -€8,999 | -12.6% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Revaluation surpluses | 12 | €214,726 | €214,726 | = | 0.0% |
| Reserves | 13 | €13,852 | €13,852 | = | 0.0% |
| Distributable reserves | 133 | €13,852 | €13,852 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€176,153 | -€185,152 | -€8,999 | -5.1% |
| Amounts payable | 17/49 | €269,297 | €256,181 | -€13,116 | -4.9% |
| Amounts payable after more than one year | 17 | €59,415 | €50,608 | -€8,807 | -14.8% |
| Financial debts | 170/4 | €59,415 | €50,608 | -€8,807 | -14.8% |
| Amounts payable within one year | 42/48 | €209,883 | €205,573 | -€4,310 | -2.1% |
| Current portion of amounts payable after more than one year | 42 | €9,483 | €11,223 | +€1,740 | +18.4% |
| Trade debts | 44 | - | €229 | +€229 | |
| Suppliers | 440/4 | - | €229 | +€229 | |
| Advances received on contracts in progress | 46 | €4,480 | - | -€4,480 | |
| Other amounts payable | 47/48 | €195,920 | €194,120 | -€1,799 | -0.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,297 | €18,297 | = | 0.0% |
| Other operating charges | 640/8 | €3,775 | €3,894 | +€119 | +3.1% |
| Gross operating margin | 9900 | €22,541 | €16,376 | -€6,165 | -27.3% |
| Operating profit (loss) | 9901 | €469 | -€5,814 | -€6,284 | |
| Financial charges | 65/66B | €1,926 | €3,185 | +€1,258 | +65.3% |
| Recurring financial charges | 65 | €1,926 | €3,185 | +€1,258 | +65.3% |
| Profit (loss) for the period before taxes | 9903 | -€1,457 | -€8,999 | -€7,542 | -518% |
| Income taxes | 67/77 | €1,071 | - | -€1,071 | |
| Profit (loss) for the period | 9904 | -€2,528 | -€8,999 | -€6,471 | -256% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,528 | -€8,999 | -€6,471 | -256% |
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 24 October 2026 via checked.be.