KingFish: 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.
KingFish
Largest movements
- Cash -€42,004
down €42,004 (-52.5%), from €79,933 to €37,929
mainly Receivables within one year (-€38,556) and Stocks and contracts (-€16,400)
- Receivables within one year +€38,556
up €38,556 (+46.3%), from €83,226 to €121,782
of which Other amounts receivable: +€42,474
- Stocks and contracts +€16,400
up €16,400 (+455.6%), from €3,600 to €20,000
- Tangible fixed assets -€6,671
down €6,671 (-20.7%), from €32,249 to €25,578
of which Furniture and vehicles: -€7,725
- Trade debts +€22,092
up €22,092 (+392.4%), from €5,630 to €27,722
- Tax, wage and social debts -€12,221
down €12,221 (-47.3%), from €25,828 to €13,607
of which Taxes: -€12,724
- Other debts -€11,632
down €11,632 (-14.7%), from €79,368 to €67,736
- Accrued charges and deferred income +€6,000
new in 2025: €6,000
- Gross operating margin -€44,059
down €44,059 (-74.2%), from €59,349 to €15,290
- Taxes -€8,461
down €8,461 (-89.7%), from €9,430 to €969
- Financial income +€1,662
up €1,662 (+37187.0%), from €4 to €1,667
- Depreciation +€1,165
up €1,165 (+11.3%), from €10,289 to €11,453
- Financial charges -€933
down €933 (-78.5%), from €1,189 to €256
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 | €199,766 | €206,057 | +€6,291 | +3.1% |
| Fixed assets | 21/28 | €32,249 | €25,578 | -€6,671 | -20.7% |
| Tangible fixed assets | 22/27 | €32,249 | €25,578 | -€6,671 | -20.7% |
| Plant, machinery and equipment | 23 | €8,223 | €9,277 | +€1,054 | +12.8% |
| Furniture and vehicles | 24 | €24,026 | €16,302 | -€7,725 | -32.2% |
| Current assets | 29/58 | €167,516 | €180,479 | +€12,963 | +7.7% |
| Stocks and contracts in progress | 3 | €3,600 | €20,000 | +€16,400 | +455.6% |
| Stocks | 30/36 | €3,600 | €20,000 | +€16,400 | +455.6% |
| Amounts receivable within one year | 40/41 | €83,226 | €121,782 | +€38,556 | +46.3% |
| Trade receivables | 40 | €47,908 | €43,989 | -€3,918 | -8.2% |
| Other amounts receivable | 41 | €35,319 | €77,793 | +€42,474 | +120.3% |
| Cash at bank and in hand | 54/58 | €79,933 | €37,929 | -€42,004 | -52.5% |
| Deferred charges and accrued income | 490/1 | €757 | €767 | +€11 | +1.4% |
| Total equity and liabilities | 10/49 | €199,766 | €206,057 | +€6,291 | +3.1% |
| Equity | 10/15 | €88,939 | €90,992 | +€2,052 | +2.3% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €87,439 | €89,492 | +€2,052 | +2.3% |
| Distributable reserves | 133 | €87,439 | €89,492 | +€2,052 | +2.3% |
| Amounts payable | 17/49 | €110,826 | €115,065 | +€4,239 | +3.8% |
| Amounts payable within one year | 42/48 | €110,826 | €109,065 | -€1,761 | -1.6% |
| Trade debts | 44 | €5,630 | €27,722 | +€22,092 | +392.4% |
| Suppliers | 440/4 | €5,630 | €27,722 | +€22,092 | +392.4% |
| Taxes, remuneration and social security | 45 | €25,828 | €13,607 | -€12,221 | -47.3% |
| Taxes | 450/3 | €23,700 | €10,976 | -€12,724 | -53.7% |
| Remuneration and social security | 454/9 | €2,128 | €2,631 | +€502 | +23.6% |
| Other amounts payable | 47/48 | €79,368 | €67,736 | -€11,632 | -14.7% |
| Accrued charges and deferred income | 492/3 | - | €6,000 | +€6,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,289 | €11,453 | +€1,165 | +11.3% |
| Other operating charges | 640/8 | €1,319 | €2,225 | +€907 | +68.8% |
| Gross operating margin | 9900 | €59,349 | €15,290 | -€44,059 | -74.2% |
| Operating profit (loss) | 9901 | €47,741 | €1,611 | -€46,131 | -96.6% |
| Financial income | 75/76B | €4 | €1,667 | +€1,662 | +37187.0% |
| Recurring financial income | 75 | €4 | €1,667 | +€1,662 | +37187.0% |
| Financial charges | 65/66B | €1,189 | €256 | -€933 | -78.5% |
| Recurring financial charges | 65 | €1,189 | €256 | -€933 | -78.5% |
| Profit (loss) for the period before taxes | 9903 | €46,557 | €3,021 | -€43,536 | -93.5% |
| Income taxes | 67/77 | €9,430 | €969 | -€8,461 | -89.7% |
| Profit (loss) for the period | 9904 | €37,127 | €2,052 | -€35,074 | -94.5% |
| Profit (loss) for the period to be appropriated | 9905 | €37,127 | €2,052 | -€35,074 | -94.5% |
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 5 October 2026 via checked.be.