KINGCONS: 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.
KINGCONS
Largest movements
- Receivables within one year +€38,072
up €38,072 (+183.4%), from €20,755 to €58,827
of which Trade receivables: +€46,302
- Tangible fixed assets +€25,079
up €25,079 (+7.1%), from €353,820 to €378,899
of which Other tangible fixed assets: +€30,448
- Cash +€7,900
up €7,900 (+10.0%), from €79,304 to €87,204
mainly Depreciation (+€27,523) and Trade debts (+€26,243)
- Trade debts +€26,243
up €26,243 (+253.6%), from €10,350 to €36,593
- Reserves +€20,000
up €20,000 (+56.7%), from €35,250 to €55,250
of which Distributable reserves: +€20,000
- Debts after one year +€11,847
up €11,847 (+4.3%), from €278,385 to €290,233
- Other debts +€7,200
up €7,200 (+62.0%), from €11,604 to €18,804
- Current portion of long-term debt +€6,807
up €6,807 (+52.3%), from €13,025 to €19,832
- Gross operating margin +€43,889
up €43,889 (+133.9%), from €32,774 to €76,663
- Taxes +€8,364
up €8,364 (+823.7%), from €1,015 to €9,379
- Depreciation +€6,271
up €6,271 (+29.5%), from €21,252 to €27,523
- Other operating charges +€5,020
up €5,020 (+367.7%), from €1,365 to €6,385
- Financial charges +€3,643
up €3,643 (+37.4%), from €9,752 to €13,394
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 | €457,128 | €528,335 | +€71,207 | +15.6% |
| Fixed assets | 21/28 | €354,006 | €379,086 | +€25,079 | +7.1% |
| Tangible fixed assets | 22/27 | €353,820 | €378,899 | +€25,079 | +7.1% |
| Land and buildings | 22 | €129,675 | €124,320 | -€5,355 | -4.1% |
| Furniture and vehicles | 24 | €1,870 | €1,856 | -€14 | -0.7% |
| Other tangible fixed assets | 26 | €222,275 | €252,723 | +€30,448 | +13.7% |
| Financial fixed assets | 28 | €186 | €186 | = | 0.0% |
| Current assets | 29/58 | €103,122 | €149,249 | +€46,127 | +44.7% |
| Amounts receivable within one year | 40/41 | €20,755 | €58,827 | +€38,072 | +183.4% |
| Trade receivables | 40 | €9,825 | €56,127 | +€46,302 | +471.3% |
| Other amounts receivable | 41 | €10,930 | €2,700 | -€8,230 | -75.3% |
| Cash at bank and in hand | 54/58 | €79,304 | €87,204 | +€7,900 | +10.0% |
| Deferred charges and accrued income | 490/1 | €3,063 | €3,218 | +€156 | +5.1% |
| Total equity and liabilities | 10/49 | €457,128 | €528,335 | +€71,207 | +15.6% |
| Equity | 10/15 | €133,102 | €153,349 | +€20,246 | +15.2% |
| Contributions | 10/11 | €20,405 | €20,405 | = | 0.0% |
| Reserves | 13 | €35,250 | €55,250 | +€20,000 | +56.7% |
| Tax-exempt reserves | 132 | €35,250 | €35,250 | = | 0.0% |
| Distributable reserves | 133 | - | €20,000 | +€20,000 | |
| Profit (loss) carried forward | 14 | €77,447 | €77,694 | +€246 | +0.3% |
| Amounts payable | 17/49 | €324,026 | €374,986 | +€50,960 | +15.7% |
| Amounts payable after more than one year | 17 | €278,385 | €290,233 | +€11,847 | +4.3% |
| Financial debts | 170/4 | €278,385 | €290,233 | +€11,847 | +4.3% |
| Amounts payable within one year | 42/48 | €45,641 | €84,754 | +€39,113 | +85.7% |
| Current portion of amounts payable after more than one year | 42 | €13,025 | €19,832 | +€6,807 | +52.3% |
| Trade debts | 44 | €10,350 | €36,593 | +€26,243 | +253.6% |
| Suppliers | 440/4 | €10,350 | €36,593 | +€26,243 | +253.6% |
| Taxes, remuneration and social security | 45 | €10,662 | €9,524 | -€1,138 | -10.7% |
| Taxes | 450/3 | €7,662 | €9,524 | +€1,862 | +24.3% |
| Remuneration and social security | 454/9 | €3,000 | - | -€3,000 | |
| Other amounts payable | 47/48 | €11,604 | €18,804 | +€7,200 | +62.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,252 | €27,523 | +€6,271 | +29.5% |
| Other operating charges | 640/8 | €1,365 | €6,385 | +€5,020 | +367.7% |
| Non-recurring operating charges | 66A | €454 | - | -€454 | |
| Gross operating margin | 9900 | €32,774 | €76,663 | +€43,889 | +133.9% |
| Operating profit (loss) | 9901 | €9,702 | €42,754 | +€33,052 | +340.7% |
| Financial income | 75/76B | €209 | €265 | +€56 | +26.8% |
| Recurring financial income | 75 | €209 | €265 | +€56 | +26.8% |
| Financial charges | 65/66B | €9,752 | €13,394 | +€3,643 | +37.4% |
| Recurring financial charges | 65 | €9,752 | €13,394 | +€3,643 | +37.4% |
| Profit (loss) for the period before taxes | 9903 | €160 | €29,625 | +€29,465 | +18433.2% |
| Income taxes | 67/77 | €1,015 | €9,379 | +€8,364 | +823.7% |
| Profit (loss) for the period | 9904 | -€855 | €20,246 | +€21,102 | |
| Profit (loss) for the period to be appropriated | 9905 | -€855 | €20,246 | +€21,102 |
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 30 September 2026 via checked.be.