KING WASH: 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 WASH
Largest movements
- Receivables within one year +€60,337
up €60,337 (+263%), from €22,983 to €83,320
of which Trade receivables: +€59,464
- Stocks and contracts +€10,389
up €10,389 (+206%), from €5,050 to €15,439
- Deferred charges and accrued income +€2,071
up €2,071 (+141%), from €1,464 to €3,535
- Advances received +€39,930
up €39,930 (+193%), from €20,660 to €60,590
- Trade debts +€21,058
up €21,058 (+244%), from €8,643 to €29,701
- Contributions +€8,000
up €8,000 (+129%), from €6,200 to €14,200
- Profit (loss) carried forward +€4,509
up €4,509 (+49.3%), from -€9,143 to -€4,634
- Turnover +€98,037
new in 2024: €98,037
- Purchases and services +€93,223
new in 2024: €93,223
- Staff costs +€4,731
up €4,731 (+176%), from €2,687 to €7,418
- Gross operating margin +€4,020
up €4,020 (+43.4%), from €9,254 to €13,274
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.
Derived cash bridge
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 | €32,603 | €105,896 | +€73,293 | +225% |
| Formation expenses | 20 | - | €0 | = | |
| Fixed assets | 21/28 | €2,351 | €2,067 | -€284 | -12.1% |
| Tangible fixed assets | 22/27 | €2,201 | €1,917 | -€284 | -12.9% |
| Land and buildings | 22 | €794 | €614 | -€180 | -22.7% |
| Plant, machinery and equipment | 23 | €309 | €150 | -€159 | -51.5% |
| Furniture and vehicles | 24 | €824 | €1,039 | +€215 | +26.1% |
| Other tangible fixed assets | 26 | €274 | €114 | -€160 | -58.4% |
| Financial fixed assets | 28 | €150 | €150 | = | 0.0% |
| Current assets | 29/58 | €30,252 | €103,829 | +€73,577 | +243% |
| Stocks and contracts in progress | 3 | €5,050 | €15,439 | +€10,389 | +206% |
| Stocks | 30/36 | €5,050 | €15,439 | +€10,389 | +206% |
| Amounts receivable within one year | 40/41 | €22,983 | €83,320 | +€60,337 | +263% |
| Trade receivables | 40 | €22,983 | €82,447 | +€59,464 | +259% |
| Other amounts receivable | 41 | €0 | €873 | +€873 | |
| Cash at bank and in hand | 54/58 | €755 | €1,535 | +€780 | +103% |
| Deferred charges and accrued income | 490/1 | €1,464 | €3,535 | +€2,071 | +141% |
| Total equity and liabilities | 10/49 | €32,603 | €105,896 | +€73,293 | +225% |
| Equity | 10/15 | -€2,943 | €9,566 | +€12,509 | |
| Contributions | 10/11 | €6,200 | €14,200 | +€8,000 | +129% |
| Profit (loss) carried forward | 14 | -€9,143 | -€4,634 | +€4,509 | +49.3% |
| Amounts payable | 17/49 | €35,546 | €96,330 | +€60,784 | +171% |
| Amounts payable within one year | 42/48 | €34,996 | €95,780 | +€60,784 | +174% |
| Trade debts | 44 | €8,643 | €29,701 | +€21,058 | +244% |
| Suppliers | 440/4 | €8,643 | €29,701 | +€21,058 | +244% |
| Advances received on contracts in progress | 46 | €20,660 | €60,590 | +€39,930 | +193% |
| Taxes, remuneration and social security | 45 | €5,693 | €5,489 | -€204 | -3.6% |
| Taxes | 450/3 | €2,761 | €4,438 | +€1,677 | +60.7% |
| Remuneration and social security | 454/9 | €2,932 | €1,051 | -€1,881 | -64.2% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €550 | €550 | = | 0.0% |
| Turnover | 70 | - | €98,037 | +€98,037 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €93,223 | +€93,223 | |
| Remuneration, social security and pensions | 62 | €2,687 | €7,418 | +€4,731 | +176% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €941 | €941 | = | 0.0% |
| Other operating charges | 640/8 | €407 | €100 | -€307 | -75.4% |
| Gross operating margin | 9900 | €9,254 | €13,274 | +€4,020 | +43.4% |
| Operating profit (loss) | 9901 | €5,219 | €4,815 | -€404 | -7.7% |
| Financial charges | 65/66B | €76 | €56 | -€20 | -26.3% |
| Recurring financial charges | 65 | €76 | €56 | -€20 | -26.3% |
| Profit (loss) for the period before taxes | 9903 | €5,143 | €4,759 | -€384 | -7.5% |
| Income taxes | 67/77 | - | €250 | +€250 | |
| Profit (loss) for the period | 9904 | €5,143 | €4,509 | -€634 | -12.3% |
| Profit (loss) for the period to be appropriated | 9905 | €5,143 | €4,509 | -€634 | -12.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.