KINGS_WK: 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.
KINGS_WK
Largest movements
- Cash +€10,746
up €10,746 (+457%), from €2,350 to €13,096
mainly Net result for the year (+€20,793) and Tax, wage and social debts (+€6,659)
- Receivables within one year +€8,176
up €8,176 (+80.6%), from €10,143 to €18,319
of which Other amounts receivable: +€8,272
- Tangible fixed assets +€3,934
up €3,934 (+40.4%), from €9,749 to €13,683
of which Leasing and similar rights: +€9,458
- Deferred charges and accrued income -€486
down €486 (-48.1%), from €1,011 to €525
- Profit (loss) carried forward +€20,793
up €20,793 (+331%), from €6,280 to €27,073
- Tax, wage and social debts +€6,659
up €6,659 (+173%), from €3,851 to €10,509
- Debts after one year -€5,446
no longer reported in 2025 (was €5,446)
- Current portion of long-term debt +€661
up €661 (+13.8%), from €4,786 to €5,446
- Gross operating margin +€15,410
up €15,410 (+84.1%), from €18,320 to €33,730
- Taxes +€2,808
up €2,808 (+75.9%), from €3,701 to €6,509
- Depreciation -€846
down €846 (-12.4%), from €6,826 to €5,981
- Financial income +€576
up €576 (+613%), from €94 to €670
- Other operating charges -€440
down €440 (-49.3%), from €892 to €453
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.
Derived cash bridge
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 | €23,252 | €45,623 | +€22,371 | +96.2% |
| Fixed assets | 21/28 | €9,749 | €13,683 | +€3,934 | +40.4% |
| Tangible fixed assets | 22/27 | €9,749 | €13,683 | +€3,934 | +40.4% |
| Furniture and vehicles | 24 | €9,749 | €4,224 | -€5,525 | -56.7% |
| Leasing and similar rights | 25 | - | €9,458 | +€9,458 | |
| Current assets | 29/58 | €13,503 | €31,940 | +€18,437 | +137% |
| Amounts receivable within one year | 40/41 | €10,143 | €18,319 | +€8,176 | +80.6% |
| Trade receivables | 40 | €1,909 | €1,814 | -€95 | -5.0% |
| Other amounts receivable | 41 | €8,234 | €16,506 | +€8,272 | +100% |
| Cash at bank and in hand | 54/58 | €2,350 | €13,096 | +€10,746 | +457% |
| Deferred charges and accrued income | 490/1 | €1,011 | €525 | -€486 | -48.1% |
| Total equity and liabilities | 10/49 | €23,252 | €45,623 | +€22,371 | +96.2% |
| Equity | 10/15 | €8,780 | €29,573 | +€20,793 | +237% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,280 | €27,073 | +€20,793 | +331% |
| Amounts payable | 17/49 | €14,473 | €16,050 | +€1,578 | +10.9% |
| Amounts payable after more than one year | 17 | €5,446 | - | -€5,446 | |
| Financial debts | 170/4 | €5,446 | - | -€5,446 | |
| Amounts payable within one year | 42/48 | €9,026 | €16,050 | +€7,024 | +77.8% |
| Current portion of amounts payable after more than one year | 42 | €4,786 | €5,446 | +€661 | +13.8% |
| Trade debts | 44 | €390 | €95 | -€295 | -75.7% |
| Suppliers | 440/4 | €390 | €95 | -€295 | -75.7% |
| Taxes, remuneration and social security | 45 | €3,851 | €10,509 | +€6,659 | +173% |
| Taxes | 450/3 | €3,851 | €10,509 | +€6,659 | +173% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,826 | €5,981 | -€846 | -12.4% |
| Other operating charges | 640/8 | €892 | €453 | -€440 | -49.3% |
| Gross operating margin | 9900 | €18,320 | €33,730 | +€15,410 | +84.1% |
| Operating profit (loss) | 9901 | €10,601 | €27,296 | +€16,695 | +157% |
| Financial income | 75/76B | €94 | €670 | +€576 | +613% |
| Recurring financial income | 75 | €94 | €670 | +€576 | +613% |
| Financial charges | 65/66B | €715 | €665 | -€50 | -6.9% |
| Recurring financial charges | 65 | €715 | €612 | -€103 | -14.4% |
| Non-recurring financial charges | 66B | - | €54 | +€54 | |
| Profit (loss) for the period before taxes | 9903 | €9,980 | €27,302 | +€17,321 | +174% |
| Income taxes | 67/77 | €3,701 | €6,509 | +€2,808 | +75.9% |
| Profit (loss) for the period | 9904 | €6,280 | €20,793 | +€14,513 | +231% |
| Profit (loss) for the period to be appropriated | 9905 | €6,280 | €20,793 | +€14,513 | +231% |
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 16 October 2026 via checked.be.