KINGVEST: 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.
KINGVEST
Largest movements
- Cash -€28,581
down €28,581 (-67.5%), from €42,353 to €13,773
mainly Tax, wage and social debts (-€18,013) and Short-term financial debts (-€13,522)
- Receivables within one year +€9,441
up €9,441 (+25.7%), from €36,725 to €46,165
of which Other amounts receivable: +€8,893
- Receivables after one year +€7,730
up €7,730 (+21.7%), from €35,596 to €43,326
- Reserves +€20,632
up €20,632 (+27.8%), from €74,330 to €94,962
- Tax, wage and social debts -€18,013
down €18,013 (-63.2%), from €28,522 to €10,510
- Short-term financial debts -€13,522
down €13,522 (-100%), from €13,522 to €0
- Trade debts -€8,190
down €8,190 (-96.6%), from €8,478 to €288
- Current portion of long-term debt +€6,731
up €6,731, from €0 to €6,731
- Gross operating margin -€10,231
down €10,231 (-22.4%), from €45,765 to €35,534
- Depreciation -€5,665
down €5,665 (-73.4%), from €7,721 to €2,057
- Other operating charges -€2,295
down €2,295 (-52.8%), from €4,349 to €2,054
- Taxes -€862
down €862 (-6.9%), from €12,523 to €11,661
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 | €131,052 | €118,744 | -€12,308 | -9.4% |
| Fixed assets | 21/28 | €15,829 | €14,907 | -€922 | -5.8% |
| Tangible fixed assets | 22/27 | €15,829 | €14,907 | -€922 | -5.8% |
| Furniture and vehicles | 24 | €97 | €1,075 | +€978 | +1,010% |
| Leasing and similar rights | 25 | €0 | - | = | |
| Other tangible fixed assets | 26 | €15,732 | €13,832 | -€1,900 | -12.1% |
| Current assets | 29/58 | €115,223 | €103,837 | -€11,386 | -9.9% |
| Amounts receivable after more than one year | 29 | €35,596 | €43,326 | +€7,730 | +21.7% |
| Other amounts receivable | 291 | €35,596 | €43,326 | +€7,730 | +21.7% |
| Amounts receivable within one year | 40/41 | €36,725 | €46,165 | +€9,441 | +25.7% |
| Trade receivables | 40 | €11,250 | €11,798 | +€548 | +4.9% |
| Other amounts receivable | 41 | €25,475 | €34,368 | +€8,893 | +34.9% |
| Cash at bank and in hand | 54/58 | €42,353 | €13,773 | -€28,581 | -67.5% |
| Deferred charges and accrued income | 490/1 | €549 | €574 | +€25 | +4.5% |
| Total equity and liabilities | 10/49 | €131,052 | €118,744 | -€12,308 | -9.4% |
| Equity | 10/15 | €80,530 | €101,162 | +€20,632 | +25.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €74,330 | €94,962 | +€20,632 | +27.8% |
| Distributable reserves | 133 | €74,330 | €94,962 | +€20,632 | +27.8% |
| Amounts payable | 17/49 | €50,522 | €17,582 | -€32,940 | -65.2% |
| Amounts payable within one year | 42/48 | €50,522 | €17,529 | -€32,993 | -65.3% |
| Current portion of amounts payable after more than one year | 42 | €0 | €6,731 | +€6,731 | |
| Financial debts | 43 | €13,522 | €0 | -€13,522 | -100% |
| Credit institutions | 430/8 | €13,522 | €0 | -€13,522 | -100% |
| Trade debts | 44 | €8,478 | €288 | -€8,190 | -96.6% |
| Suppliers | 440/4 | €8,478 | €288 | -€8,190 | -96.6% |
| Taxes, remuneration and social security | 45 | €28,522 | €10,510 | -€18,013 | -63.2% |
| Taxes | 450/3 | €28,522 | €10,510 | -€18,013 | -63.2% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | - | €53 | +€53 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,721 | €2,057 | -€5,665 | -73.4% |
| Other operating charges | 640/8 | €4,349 | €2,054 | -€2,295 | -52.8% |
| Gross operating margin | 9900 | €45,765 | €35,534 | -€10,231 | -22.4% |
| Operating profit (loss) | 9901 | €33,695 | €31,423 | -€2,271 | -6.7% |
| Financial income | 75/76B | €1,295 | €1,457 | +€162 | +12.5% |
| Recurring financial income | 75 | €1,295 | €1,457 | +€162 | +12.5% |
| Financial charges | 65/66B | €1,038 | €587 | -€452 | -43.5% |
| Recurring financial charges | 65 | €1,038 | €587 | -€452 | -43.5% |
| Profit (loss) for the period before taxes | 9903 | €33,951 | €32,294 | -€1,658 | -4.9% |
| Income taxes | 67/77 | €12,523 | €11,661 | -€862 | -6.9% |
| Profit (loss) for the period | 9904 | €21,428 | €20,632 | -€796 | -3.7% |
| Profit (loss) for the period to be appropriated | 9905 | €21,428 | €20,632 | -€796 | -3.7% |
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 21 October 2026 via checked.be.