KING WOK: 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 WOK
Largest movements
- Tangible fixed assets +€27,603
up €27,603 (+34.0%), from €81,284 to €108,887
of which Furniture and vehicles: +€25,843
- Stocks and contracts -€24,600
down €24,600 (-40.7%), from €60,400 to €35,800
- Cash +€22,267
up €22,267 (+88.0%), from €25,296 to €47,563
mainly Depreciation (+€35,456) and Stocks and contracts (+€24,600)
- Receivables within one year -€3,325
down €3,325 (-12.7%), from €26,241 to €22,916
of which Other amounts receivable: -€2,914
- Profit (loss) carried forward -€18,035
down €18,035 (-71.0%), from €25,411 to €7,376
- Trade debts +€17,891
up €17,891 (+32.5%), from €55,033 to €72,924
- Debts after one year +€10,809
up €10,809 (+31.6%), from €34,247 to €45,056
- Tax, wage and social debts +€7,894
up €7,894 (+568.2%), from €1,389 to €9,284
- Current portion of long-term debt +€4,572
up €4,572 (+33.5%), from €13,641 to €18,213
- Staff costs +€18,283
up €18,283 (+19.7%), from €92,913 to €111,196
- Depreciation +€12,032
up €12,032 (+51.4%), from €23,423 to €35,456
- Gross operating margin +€11,680
up €11,680 (+9.1%), from €128,456 to €140,135
- Taxes +€2,026
up €2,026, from -€64 to €1,962
- Other operating charges +€1,438
up €1,438 (+54.9%), from €2,620 to €4,057
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 | €228,221 | €250,166 | +€21,945 | +9.6% |
| Fixed assets | 21/28 | €116,284 | €143,887 | +€27,603 | +23.7% |
| Tangible fixed assets | 22/27 | €81,284 | €108,887 | +€27,603 | +34.0% |
| Plant, machinery and equipment | 23 | €2,911 | €4,671 | +€1,760 | +60.5% |
| Furniture and vehicles | 24 | €78,373 | €104,217 | +€25,843 | +33.0% |
| Other tangible fixed assets | 26 | - | €0 | = | |
| Financial fixed assets | 28 | €35,000 | €35,000 | = | 0.0% |
| Current assets | 29/58 | €111,937 | €106,279 | -€5,658 | -5.1% |
| Stocks and contracts in progress | 3 | €60,400 | €35,800 | -€24,600 | -40.7% |
| Stocks | 30/36 | €60,400 | €35,800 | -€24,600 | -40.7% |
| Amounts receivable within one year | 40/41 | €26,241 | €22,916 | -€3,325 | -12.7% |
| Trade receivables | 40 | €411 | - | -€411 | |
| Other amounts receivable | 41 | €25,829 | €22,916 | -€2,914 | -11.3% |
| Cash at bank and in hand | 54/58 | €25,296 | €47,563 | +€22,267 | +88.0% |
| Total equity and liabilities | 10/49 | €228,221 | €250,166 | +€21,945 | +9.6% |
| Equity | 10/15 | €117,980 | €99,944 | -€18,035 | -15.3% |
| Reserves | 13 | €92,569 | €92,569 | = | 0.0% |
| Distributable reserves | 133 | €92,569 | €92,569 | = | 0.0% |
| Profit (loss) carried forward | 14 | €25,411 | €7,376 | -€18,035 | -71.0% |
| Amounts payable | 17/49 | €110,241 | €150,222 | +€39,981 | +36.3% |
| Amounts payable after more than one year | 17 | €34,247 | €45,056 | +€10,809 | +31.6% |
| Financial debts | 170/4 | €34,247 | €45,056 | +€10,809 | +31.6% |
| Amounts payable within one year | 42/48 | €70,063 | €100,420 | +€30,357 | +43.3% |
| Current portion of amounts payable after more than one year | 42 | €13,641 | €18,213 | +€4,572 | +33.5% |
| Trade debts | 44 | €55,033 | €72,924 | +€17,891 | +32.5% |
| Suppliers | 440/4 | €55,033 | €72,924 | +€17,891 | +32.5% |
| Taxes, remuneration and social security | 45 | €1,389 | €9,284 | +€7,894 | +568.2% |
| Taxes | 450/3 | €1,389 | €9,284 | +€7,894 | +568.2% |
| Accrued charges and deferred income | 492/3 | €5,931 | €4,745 | -€1,186 | -20.0% |
| Remuneration, social security and pensions | 62 | €92,913 | €111,196 | +€18,283 | +19.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,423 | €35,456 | +€12,032 | +51.4% |
| Other operating charges | 640/8 | €2,620 | €4,057 | +€1,438 | +54.9% |
| Gross operating margin | 9900 | €128,456 | €140,135 | +€11,680 | +9.1% |
| Operating profit (loss) | 9901 | €9,500 | -€10,574 | -€20,074 | |
| Financial charges | 65/66B | €6,235 | €5,500 | -€735 | -11.8% |
| Recurring financial charges | 65 | €6,235 | €5,500 | -€735 | -11.8% |
| Profit (loss) for the period before taxes | 9903 | €3,265 | -€16,074 | -€19,339 | |
| Income taxes | 67/77 | -€64 | €1,962 | +€2,026 | |
| Profit (loss) for the period | 9904 | €3,329 | -€18,035 | -€21,365 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,329 | -€18,035 | -€21,365 |
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 12 October 2026 via checked.be.