@KK@: 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.
@KK@
Largest movements
- Cash +€36,782
up €36,782 (+30.6%), from €120,152 to €156,934
mainly Depreciation (+€32,419) and Net result for the year (+€31,680)
- Tangible fixed assets -€30,070
down €30,070 (-16.5%), from €182,400 to €152,330
of which Land and buildings: -€19,809
- Receivables within one year -€13,625
down €13,625 (-45.2%), from €30,177 to €16,552
of which Trade receivables: -€17,281
- Reserves +€31,680
up €31,680 (+29.6%), from €106,871 to €138,551
- Debts after one year -€31,323
down €31,323 (-70.0%), from €44,725 to €13,401
- Tax, wage and social debts -€4,794
down €4,794 (-70.0%), from €6,846 to €2,051
- Gross operating margin +€32,150
up €32,150 (+55.8%), from €57,660 to €89,811
- Taxes +€12,516
up €12,516 (+209.9%), from €5,963 to €18,479
- Depreciation -€8,620
down €8,620 (-21.0%), from €41,039 to €32,419
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 | €332,729 | €325,816 | -€6,914 | -2.1% |
| Fixed assets | 21/28 | €182,400 | €152,330 | -€30,070 | -16.5% |
| Tangible fixed assets | 22/27 | €182,400 | €152,330 | -€30,070 | -16.5% |
| Land and buildings | 22 | €138,140 | €118,331 | -€19,809 | -14.3% |
| Plant, machinery and equipment | 23 | - | €1,969 | +€1,969 | |
| Furniture and vehicles | 24 | €12,414 | €7,611 | -€4,803 | -38.7% |
| Other tangible fixed assets | 26 | €31,847 | €24,419 | -€7,427 | -23.3% |
| Current assets | 29/58 | €150,329 | €173,486 | +€23,157 | +15.4% |
| Amounts receivable within one year | 40/41 | €30,177 | €16,552 | -€13,625 | -45.2% |
| Trade receivables | 40 | €25,920 | €8,640 | -€17,281 | -66.7% |
| Other amounts receivable | 41 | €4,257 | €7,912 | +€3,655 | +85.9% |
| Cash at bank and in hand | 54/58 | €120,152 | €156,934 | +€36,782 | +30.6% |
| Total equity and liabilities | 10/49 | €332,729 | €325,816 | -€6,914 | -2.1% |
| Equity | 10/15 | €119,593 | €151,273 | +€31,680 | +26.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €106,871 | €138,551 | +€31,680 | +29.6% |
| Distributable reserves | 133 | €106,871 | €138,551 | +€31,680 | +29.6% |
| Profit (loss) carried forward | 14 | €322 | €322 | = | 0.0% |
| Amounts payable | 17/49 | €213,136 | €174,543 | -€38,593 | -18.1% |
| Amounts payable after more than one year | 17 | €44,725 | €13,401 | -€31,323 | -70.0% |
| Financial debts | 170/4 | €44,725 | €13,401 | -€31,323 | -70.0% |
| Amounts payable within one year | 42/48 | €168,411 | €161,142 | -€7,270 | -4.3% |
| Current portion of amounts payable after more than one year | 42 | €30,172 | €31,323 | +€1,152 | +3.8% |
| Trade debts | 44 | €2,258 | €1,510 | -€748 | -33.1% |
| Suppliers | 440/4 | €2,258 | €1,510 | -€748 | -33.1% |
| Taxes, remuneration and social security | 45 | €6,846 | €2,051 | -€4,794 | -70.0% |
| Taxes | 450/3 | €6,846 | €2,051 | -€4,794 | -70.0% |
| Other amounts payable | 47/48 | €129,136 | €126,257 | -€2,879 | -2.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,039 | €32,419 | -€8,620 | -21.0% |
| Other operating charges | 640/8 | €4,129 | €4,005 | -€125 | -3.0% |
| Gross operating margin | 9900 | €57,660 | €89,811 | +€32,150 | +55.8% |
| Operating profit (loss) | 9901 | €12,492 | €53,387 | +€40,894 | +327.4% |
| Financial income | 75/76B | €734 | €448 | -€286 | -39.0% |
| Recurring financial income | 75 | €734 | €448 | -€286 | -39.0% |
| Financial charges | 65/66B | €4,204 | €3,676 | -€528 | -12.6% |
| Recurring financial charges | 65 | €4,204 | €3,676 | -€528 | -12.6% |
| Profit (loss) for the period before taxes | 9903 | €9,022 | €50,159 | +€41,136 | +455.9% |
| Income taxes | 67/77 | €5,963 | €18,479 | +€12,516 | +209.9% |
| Profit (loss) for the period | 9904 | €3,059 | €31,680 | +€28,620 | +935.5% |
| Profit (loss) for the period to be appropriated | 9905 | €3,059 | €31,680 | +€28,620 | +935.5% |
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 11 October 2026 via checked.be.