KK MANAGEMENT: 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 MANAGEMENT
Largest movements
- Stocks and contracts +€249,120
up €249,120 (+799%), from €31,160 to €280,280
of which Stocks: +€249,100
- Cash +€35,402
up €35,402 (+234%), from €15,156 to €50,558
mainly Debts after one year (+€209,277) and Net result for the year (+€25,471)
- Receivables within one year -€22,050
down €22,050 (-40.6%), from €54,362 to €32,312
of which Trade receivables: -€19,566
- Tangible fixed assets -€18,875
down €18,875 (-21.7%), from €86,868 to €67,993
of which Furniture and vehicles: -€17,107
- Deferred charges and accrued income +€8,273
up €8,273 (+452%), from €1,830 to €10,104
- Debts after one year +€209,277
up €209,277 (+529%), from €39,538 to €248,816
- Profit (loss) carried forward +€25,471
up €25,471 (+48.9%), from -€52,065 to -€26,594
- Tax, wage and social debts +€14,682
up €14,682 (+9,264%), from €158 to €14,841
- Current portion of long-term debt +€12,260
up €12,260 (+98.1%), from €12,495 to €24,755
- Trade debts -€9,191
down €9,191 (-16.7%), from €55,018 to €45,827
- Staff costs -€14,977
down €14,977 (-77.7%), from €19,275 to €4,298
- Gross operating margin -€14,830
down €14,830 (-21.2%), from €70,036 to €55,205
- Depreciation +€6,009
up €6,009 (+37.0%), from €16,238 to €22,247
- Financial charges +€1,670
up €1,670 (+50.4%), from €3,317 to €4,987
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 | €189,376 | €441,246 | +€251,870 | +133% |
| Fixed assets | 21/28 | €86,868 | €67,993 | -€18,875 | -21.7% |
| Tangible fixed assets | 22/27 | €86,868 | €67,993 | -€18,875 | -21.7% |
| Plant, machinery and equipment | 23 | €8,389 | €6,622 | -€1,767 | -21.1% |
| Furniture and vehicles | 24 | €78,478 | €61,371 | -€17,107 | -21.8% |
| Current assets | 29/58 | €102,508 | €373,253 | +€270,745 | +264% |
| Stocks and contracts in progress | 3 | €31,160 | €280,280 | +€249,120 | +799% |
| Stocks | 30/36 | - | €249,100 | +€249,100 | |
| Contracts in progress | 37 | €31,160 | €31,180 | +€20 | +0.1% |
| Amounts receivable within one year | 40/41 | €54,362 | €32,312 | -€22,050 | -40.6% |
| Trade receivables | 40 | €46,950 | €27,385 | -€19,566 | -41.7% |
| Other amounts receivable | 41 | €7,411 | €4,927 | -€2,485 | -33.5% |
| Cash at bank and in hand | 54/58 | €15,156 | €50,558 | +€35,402 | +234% |
| Deferred charges and accrued income | 490/1 | €1,830 | €10,104 | +€8,273 | +452% |
| Total equity and liabilities | 10/49 | €189,376 | €441,246 | +€251,870 | +133% |
| Equity | 10/15 | €80,651 | €106,121 | +€25,471 | +31.6% |
| Contributions | 10/11 | €120,000 | €120,000 | = | 0.0% |
| Reserves | 13 | €12,716 | €12,716 | = | 0.0% |
| Distributable reserves | 133 | €12,716 | €12,716 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€52,065 | -€26,594 | +€25,471 | +48.9% |
| Amounts payable | 17/49 | €108,725 | €335,124 | +€226,399 | +208% |
| Amounts payable after more than one year | 17 | €39,538 | €248,816 | +€209,277 | +529% |
| Financial debts | 170/4 | €39,538 | €248,816 | +€209,277 | +529% |
| Amounts payable within one year | 42/48 | €69,187 | €86,309 | +€17,122 | +24.7% |
| Current portion of amounts payable after more than one year | 42 | €12,495 | €24,755 | +€12,260 | +98.1% |
| Financial debts | 43 | €1,036 | €886 | -€150 | -14.5% |
| Credit institutions | 430/8 | €1,036 | €886 | -€150 | -14.5% |
| Trade debts | 44 | €55,018 | €45,827 | -€9,191 | -16.7% |
| Suppliers | 440/4 | €55,018 | €45,827 | -€9,191 | -16.7% |
| Taxes, remuneration and social security | 45 | €158 | €14,841 | +€14,682 | +9,264% |
| Taxes | 450/3 | €158 | €14,841 | +€14,682 | +9,264% |
| Other amounts payable | 47/48 | €479 | - | -€479 | |
| Non-recurring operating income | 76A | €1,472 | - | -€1,472 | |
| Remuneration, social security and pensions | 62 | €19,275 | €4,298 | -€14,977 | -77.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,238 | €22,247 | +€6,009 | +37.0% |
| Other operating charges | 640/8 | €1,266 | €1,404 | +€137 | +10.8% |
| Gross operating margin | 9900 | €70,036 | €55,205 | -€14,830 | -21.2% |
| Operating profit (loss) | 9901 | €33,256 | €27,257 | -€5,999 | -18.0% |
| Financial income | 75/76B | €3,003 | €3,538 | +€535 | +17.8% |
| Recurring financial income | 75 | €3,003 | €3,538 | +€535 | +17.8% |
| Financial charges | 65/66B | €3,317 | €4,987 | +€1,670 | +50.4% |
| Recurring financial charges | 65 | €3,317 | €4,987 | +€1,670 | +50.4% |
| Profit (loss) for the period before taxes | 9903 | €32,943 | €25,808 | -€7,134 | -21.7% |
| Income taxes | 67/77 | €158 | €337 | +€179 | +113% |
| Profit (loss) for the period | 9904 | €32,784 | €25,471 | -€7,313 | -22.3% |
| Profit (loss) for the period to be appropriated | 9905 | €32,784 | €25,471 | -€7,313 | -22.3% |
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 24 October 2026 via checked.be.