KINGCO: 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.
KINGCO
Largest movements
- Receivables within one year +€58,378
up €58,378 (+86.2%), from €67,690 to €126,068
of which Trade receivables: +€58,536
- Tangible fixed assets +€41,437
up €41,437 (+2.7%), from €1.5m to €1.5m
of which Plant, machinery and equipment: +€30,872
- Debts after one year -€87,077
down €87,077 (-26.9%), from €323,339 to €236,262
- Reserves +€70,343
up €70,343 (+6.1%), from €1.2m to €1.2m
of which Distributable reserves: +€70,343
- Tax, wage and social debts +€61,183
up €61,183 (+99.1%), from €61,747 to €122,930
of which Taxes: +€62,012
- Trade debts +€60,707
up €60,707 (+397.4%), from €15,277 to €75,985
- Gross operating margin +€140,973
up €140,973 (+31.1%), from €453,721 to €594,694
- Depreciation +€22,181
up €22,181 (+46.5%), from €47,714 to €69,895
- Taxes +€18,541
up €18,541 (+15.4%), from €120,566 to €139,107
- Financial income -€16,443
down €16,443 (-54.0%), from €30,465 to €14,022
of which Non-recurring financial income: -€15,999
- Other operating charges -€8,640
down €8,640 (-73.9%), from €11,683 to €3,044
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 | €1,847,808 | €1,965,575 | +€117,768 | +6.4% |
| Fixed assets | 21/28 | €1,506,968 | €1,548,406 | +€41,437 | +2.7% |
| Tangible fixed assets | 22/27 | €1,506,968 | €1,548,406 | +€41,437 | +2.7% |
| Land and buildings | 22 | €1,316,574 | €1,316,574 | = | 0.0% |
| Plant, machinery and equipment | 23 | €21,325 | €52,198 | +€30,872 | +144.8% |
| Furniture and vehicles | 24 | €167,441 | €179,634 | +€12,193 | +7.3% |
| Other tangible fixed assets | 26 | €1,628 | €0 | -€1,628 | -100.0% |
| Current assets | 29/58 | €340,839 | €417,170 | +€76,331 | +22.4% |
| Amounts receivable within one year | 40/41 | €67,690 | €126,068 | +€58,378 | +86.2% |
| Trade receivables | 40 | €62,828 | €121,364 | +€58,536 | +93.2% |
| Other amounts receivable | 41 | €4,862 | €4,704 | -€158 | -3.3% |
| Current investments | 50/53 | €39,390 | €39,390 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €233,759 | €251,252 | +€17,493 | +7.5% |
| Deferred charges and accrued income | 490/1 | - | €460 | +€460 | |
| Total equity and liabilities | 10/49 | €1,847,808 | €1,965,575 | +€117,768 | +6.4% |
| Equity | 10/15 | €1,213,199 | €1,283,542 | +€70,343 | +5.8% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €1,151,226 | €1,221,569 | +€70,343 | +6.1% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Distributable reserves | 133 | €1,145,029 | €1,215,372 | +€70,343 | +6.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €634,609 | €682,033 | +€47,425 | +7.5% |
| Amounts payable after more than one year | 17 | €323,339 | €236,262 | -€87,077 | -26.9% |
| Financial debts | 170/4 | €323,339 | €236,262 | -€87,077 | -26.9% |
| Amounts payable within one year | 42/48 | €311,270 | €445,771 | +€134,501 | +43.2% |
| Current portion of amounts payable after more than one year | 42 | €93,082 | €92,213 | -€869 | -0.9% |
| Trade debts | 44 | €15,277 | €75,985 | +€60,707 | +397.4% |
| Suppliers | 440/4 | €15,277 | €75,985 | +€60,707 | +397.4% |
| Taxes, remuneration and social security | 45 | €61,747 | €122,930 | +€61,183 | +99.1% |
| Taxes | 450/3 | €50,742 | €112,754 | +€62,012 | +122.2% |
| Remuneration and social security | 454/9 | €11,005 | €10,176 | -€829 | -7.5% |
| Other amounts payable | 47/48 | €141,164 | €154,644 | +€13,480 | +9.5% |
| Remuneration, social security and pensions | 62 | €52,985 | €51,203 | -€1,782 | -3.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,714 | €69,895 | +€22,181 | +46.5% |
| Other operating charges | 640/8 | €11,683 | €3,044 | -€8,640 | -73.9% |
| Gross operating margin | 9900 | €453,721 | €594,694 | +€140,973 | +31.1% |
| Operating profit (loss) | 9901 | €341,338 | €470,552 | +€129,214 | +37.9% |
| Financial income | 75/76B | €30,465 | €14,022 | -€16,443 | -54.0% |
| Recurring financial income | 75 | €465 | €21 | -€445 | -95.5% |
| Non-recurring financial income | 76B | €30,000 | €14,001 | -€15,999 | -53.3% |
| Financial charges | 65/66B | €13,029 | €11,966 | -€1,063 | -8.2% |
| Recurring financial charges | 65 | €13,029 | €11,966 | -€1,063 | -8.2% |
| Profit (loss) for the period before taxes | 9903 | €358,775 | €472,608 | +€113,833 | +31.7% |
| Income taxes | 67/77 | €120,566 | €139,107 | +€18,541 | +15.4% |
| Profit (loss) for the period | 9904 | €238,209 | €333,501 | +€95,292 | +40.0% |
| Profit (loss) for the period to be appropriated | 9905 | €238,209 | €333,501 | +€95,292 | +40.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.