KINGTIDE: 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.
KINGTIDE
Largest movements
- Financial fixed assets +€44,734
new in 2025: €44,734
- Receivables within one year +€8,832
up €8,832 (+37.7%), from €23,433 to €32,265
of which Trade receivables: +€20,378
- Tangible fixed assets +€4,584
up €4,584 (+465.3%), from €985 to €5,570
- Cash -€1,872
down €1,872 (-8.2%), from €22,862 to €20,990
mainly Investment in fixed assets (net) (-€50,346) and Receivables within one year (-€8,832)
- Reserves +€31,521
new in 2025: €31,521
- Other debts +€25,998
new in 2025: €25,998
- Current portion of long-term debt +€7,000
new in 2025: €7,000
- Advances received -€6,175
no longer reported in 2025 (was €6,175)
- Trade debts -€4,419
down €4,419 (-47.8%), from €9,235 to €4,816
- Gross operating margin +€27,531
up €27,531 (+109.2%), from €25,217 to €52,748
- Taxes +€7,426
up €7,426 (+147.9%), from €5,021 to €12,446
- Other operating charges +€4,074
up €4,074 (+489.1%), from €833 to €4,907
- Financial income -€2,549
down €2,549 (-100.0%), from €2,550 to €1
- Financial charges +€773
up €773 (+39.4%), from €1,963 to €2,737
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 | €47,301 | €104,090 | +€56,790 | +120.1% |
| Fixed assets | 21/28 | €985 | €50,304 | +€49,318 | +5005.5% |
| Tangible fixed assets | 22/27 | €985 | €5,570 | +€4,584 | +465.3% |
| Furniture and vehicles | 24 | €985 | €5,570 | +€4,584 | +465.3% |
| Financial fixed assets | 28 | - | €44,734 | +€44,734 | |
| Current assets | 29/58 | €46,315 | €53,787 | +€7,471 | +16.1% |
| Amounts receivable within one year | 40/41 | €23,433 | €32,265 | +€8,832 | +37.7% |
| Trade receivables | 40 | €8,887 | €29,265 | +€20,378 | +229.3% |
| Other amounts receivable | 41 | €14,546 | €3,000 | -€11,546 | -79.4% |
| Cash at bank and in hand | 54/58 | €22,862 | €20,990 | -€1,872 | -8.2% |
| Deferred charges and accrued income | 490/1 | €21 | €532 | +€511 | +2479.7% |
| Total equity and liabilities | 10/49 | €47,301 | €104,090 | +€56,790 | +120.1% |
| Equity | 10/15 | €22,066 | €53,587 | +€31,521 | +142.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | - | €31,521 | +€31,521 | |
| Distributable reserves | 133 | - | €31,521 | +€31,521 | |
| Profit (loss) carried forward | 14 | €19,066 | €19,066 | +€0 | 0.0% |
| Amounts payable | 17/49 | €25,235 | €50,503 | +€25,268 | +100.1% |
| Amounts payable within one year | 42/48 | €25,235 | €50,503 | +€25,268 | +100.1% |
| Current portion of amounts payable after more than one year | 42 | - | €7,000 | +€7,000 | |
| Trade debts | 44 | €9,235 | €4,816 | -€4,419 | -47.8% |
| Suppliers | 440/4 | €9,235 | €4,816 | -€4,419 | -47.8% |
| Advances received on contracts in progress | 46 | €6,175 | - | -€6,175 | |
| Taxes, remuneration and social security | 45 | €9,825 | €12,689 | +€2,864 | +29.1% |
| Taxes | 450/3 | €7,825 | €12,387 | +€4,562 | +58.3% |
| Remuneration and social security | 454/9 | €2,000 | €302 | -€1,698 | -84.9% |
| Other amounts payable | 47/48 | - | €25,998 | +€25,998 | |
| Non-recurring operating income | 76A | €298 | €989 | +€691 | +232.0% |
| Remuneration, social security and pensions | 62 | €391 | €110 | -€281 | -71.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €493 | €1,028 | +€535 | +108.6% |
| Other operating charges | 640/8 | €833 | €4,907 | +€4,074 | +489.1% |
| Gross operating margin | 9900 | €25,217 | €52,748 | +€27,531 | +109.2% |
| Operating profit (loss) | 9901 | €23,500 | €46,704 | +€23,203 | +98.7% |
| Financial income | 75/76B | €2,550 | €1 | -€2,549 | -100.0% |
| Recurring financial income | 75 | €2,550 | €1 | -€2,549 | -100.0% |
| Financial charges | 65/66B | €1,963 | €2,737 | +€773 | +39.4% |
| Recurring financial charges | 65 | €1,963 | €2,737 | +€773 | +39.4% |
| Profit (loss) for the period before taxes | 9903 | €24,087 | €43,968 | +€19,881 | +82.5% |
| Income taxes | 67/77 | €5,021 | €12,446 | +€7,426 | +147.9% |
| Profit (loss) for the period | 9904 | €19,066 | €31,521 | +€12,456 | +65.3% |
| Profit (loss) for the period to be appropriated | 9905 | €19,066 | €31,521 | +€12,456 | +65.3% |
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.