KING SQUARE: 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 SQUARE
Largest movements
- Financial fixed assets -€10,000
down €10,000 (-27.0%), from €37,000 to €27,000
- Deferred charges and accrued income +€9,344
up €9,344 (+116.1%), from €8,046 to €17,390
- Cash +€8,722
up €8,722 (+184.8%), from €4,720 to €13,442
mainly Trade debts (+€9,259) and Depreciation (+€6,502)
- Stocks and contracts -€2,590
down €2,590 (-16.9%), from €15,324 to €12,734
- Trade debts +€9,259
up €9,259 (+29.1%), from €31,800 to €41,059
- Profit (loss) carried forward -€3,902
down €3,902 (-35.2%), from €11,069 to €7,168
- Short-term financial debts +€2,441
new in 2025: €2,441
- Tax, wage and social debts -€1,866
down €1,866 (-18.9%), from €9,851 to €7,985
of which Taxes: -€4,202
- Current portion of long-term debt -€1,273
no longer reported in 2025 (was €1,273)
- Staff costs +€11,075
up €11,075 (+416.7%), from €2,658 to €13,732
- Gross operating margin +€10,236
up €10,236 (+62.8%), from €16,310 to €26,546
- Other operating charges -€1,789
no longer reported in 2025 (was €1,789)
- Depreciation +€1,361
up €1,361 (+26.5%), from €5,141 to €6,502
- Financial income -€751
down €751 (-100.0%), from €751 to €0
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 | €86,994 | €91,653 | +€4,659 | +5.4% |
| Fixed assets | 21/28 | €58,904 | €48,087 | -€10,817 | -18.4% |
| Tangible fixed assets | 22/27 | €21,904 | €21,087 | -€817 | -3.7% |
| Plant, machinery and equipment | 23 | €475 | €4,097 | +€3,622 | +762.3% |
| Furniture and vehicles | 24 | €1,116 | €726 | -€391 | -35.0% |
| Other tangible fixed assets | 26 | €20,313 | €16,264 | -€4,048 | -19.9% |
| Financial fixed assets | 28 | €37,000 | €27,000 | -€10,000 | -27.0% |
| Current assets | 29/58 | €28,090 | €43,566 | +€15,476 | +55.1% |
| Stocks and contracts in progress | 3 | €15,324 | €12,734 | -€2,590 | -16.9% |
| Stocks | 30/36 | €15,324 | €12,734 | -€2,590 | -16.9% |
| Cash at bank and in hand | 54/58 | €4,720 | €13,442 | +€8,722 | +184.8% |
| Deferred charges and accrued income | 490/1 | €8,046 | €17,390 | +€9,344 | +116.1% |
| Total equity and liabilities | 10/49 | €86,994 | €91,653 | +€4,659 | +5.4% |
| Equity | 10/15 | €44,069 | €40,168 | -€3,902 | -8.9% |
| Contributions | 10/11 | €33,000 | €33,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,069 | €7,168 | -€3,902 | -35.2% |
| Amounts payable | 17/49 | €42,924 | €51,485 | +€8,561 | +19.9% |
| Amounts payable within one year | 42/48 | €42,924 | €51,485 | +€8,561 | +19.9% |
| Current portion of amounts payable after more than one year | 42 | €1,273 | - | -€1,273 | |
| Financial debts | 43 | - | €2,441 | +€2,441 | |
| Credit institutions | 430/8 | - | €2,441 | +€2,441 | |
| Trade debts | 44 | €31,800 | €41,059 | +€9,259 | +29.1% |
| Suppliers | 440/4 | €31,800 | €41,059 | +€9,259 | +29.1% |
| Taxes, remuneration and social security | 45 | €9,851 | €7,985 | -€1,866 | -18.9% |
| Taxes | 450/3 | €5,654 | €1,451 | -€4,202 | -74.3% |
| Remuneration and social security | 454/9 | €4,197 | €6,534 | +€2,337 | +55.7% |
| Remuneration, social security and pensions | 62 | €2,658 | €13,732 | +€11,075 | +416.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,141 | €6,502 | +€1,361 | +26.5% |
| Other operating charges | 640/8 | €1,789 | - | -€1,789 | |
| Gross operating margin | 9900 | €16,310 | €26,546 | +€10,236 | +62.8% |
| Operating profit (loss) | 9901 | €6,723 | €6,311 | -€411 | -6.1% |
| Financial income | 75/76B | €751 | €0 | -€751 | -100.0% |
| Recurring financial income | 75 | €751 | €0 | -€751 | -100.0% |
| Financial charges | 65/66B | €484 | €557 | +€73 | +15.0% |
| Recurring financial charges | 65 | €484 | €557 | +€73 | +15.0% |
| Profit (loss) for the period before taxes | 9903 | €6,990 | €5,755 | -€1,235 | -17.7% |
| Income taxes | 67/77 | €2,065 | €1,721 | -€344 | -16.6% |
| Profit (loss) for the period | 9904 | €4,925 | €4,034 | -€891 | -18.1% |
| Profit (loss) for the period to be appropriated | 9905 | €4,925 | €4,034 | -€891 | -18.1% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.