KON-TIKI: 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.
KON-TIKI
Largest movements
- Tangible fixed assets +€541,484
up €541,484 (+18.5%), from €2.9m to €3.5m
of which Assets under construction and advance payments: +€561,500
- Receivables within one year -€239,198
down €239,198 (-75.0%), from €319,078 to €79,879
of which Trade receivables: -€229,724
- Other debts +€457,015
up €457,015 (+16.5%), from €2.8m to €3.2m
- Profit (loss) carried forward -€65,248
down €65,248 (-37.1%), from -€176,036 to -€241,284
- Trade debts -€63,586
down €63,586 (-9.8%), from €650,527 to €586,941
- Accrued charges and deferred income -€37,615
down €37,615 (-63.2%), from €59,547 to €21,932
- Gross operating margin +€49,146
up €49,146 (+96.9%), from €50,731 to €99,876
- Staff costs -€35,563
down €35,563 (-38.1%), from €93,443 to €57,880
- Financial charges +€15,641
up €15,641 (+39.8%), from €39,300 to €54,941
of which Financial charges: +€15,641
- Depreciation -€1,664
down €1,664 (-5.7%), from €29,446 to €27,782
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 | €3,339,103 | €3,625,217 | +€286,114 | +8.6% |
| Fixed assets | 21/28 | €2,941,628 | €3,489,486 | +€547,858 | +18.6% |
| Intangible fixed assets | 21 | - | €6,373 | +€6,373 | |
| Tangible fixed assets | 22/27 | €2,927,933 | €3,469,418 | +€541,484 | +18.5% |
| Plant, machinery and equipment | 23 | €308,394 | €288,378 | -€20,016 | -6.5% |
| Assets under construction and advance payments | 27 | €2,619,539 | €3,181,040 | +€561,500 | +21.4% |
| Financial fixed assets | 28 | €13,695 | €13,695 | = | 0.0% |
| Current assets | 29/58 | €397,474 | €135,730 | -€261,744 | -65.9% |
| Amounts receivable within one year | 40/41 | €319,078 | €79,879 | -€239,198 | -75.0% |
| Trade receivables | 40 | €290,505 | €60,781 | -€229,724 | -79.1% |
| Other amounts receivable | 41 | €28,573 | €19,098 | -€9,474 | -33.2% |
| Cash at bank and in hand | 54/58 | €66,501 | €45,521 | -€20,980 | -31.5% |
| Deferred charges and accrued income | 490/1 | €11,896 | €10,330 | -€1,566 | -13.2% |
| Total equity and liabilities | 10/49 | €3,339,103 | €3,625,217 | +€286,114 | +8.6% |
| Equity | 10/15 | -€151,036 | -€216,284 | -€65,248 | -43.2% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€176,036 | -€241,284 | -€65,248 | -37.1% |
| Amounts payable | 17/49 | €3,490,139 | €3,841,500 | +€351,362 | +10.1% |
| Amounts payable within one year | 42/48 | €3,430,592 | €3,819,569 | +€388,977 | +11.3% |
| Trade debts | 44 | €650,527 | €586,941 | -€63,586 | -9.8% |
| Suppliers | 440/4 | €650,527 | €586,941 | -€63,586 | -9.8% |
| Advances received on contracts in progress | 46 | €1,447 | €0 | -€1,447 | -100% |
| Taxes, remuneration and social security | 45 | €7,047 | €4,042 | -€3,005 | -42.6% |
| Taxes | 450/3 | €880 | €77 | -€804 | -91.3% |
| Remuneration and social security | 454/9 | €6,167 | €3,966 | -€2,202 | -35.7% |
| Other amounts payable | 47/48 | €2,771,571 | €3,228,585 | +€457,015 | +16.5% |
| Accrued charges and deferred income | 492/3 | €59,547 | €21,932 | -€37,615 | -63.2% |
| Remuneration, social security and pensions | 62 | €93,443 | €57,880 | -€35,563 | -38.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,446 | €27,782 | -€1,664 | -5.7% |
| Other operating charges | 640/8 | €25,000 | €24,521 | -€479 | -1.9% |
| Gross operating margin | 9900 | €50,731 | €99,876 | +€49,146 | +96.9% |
| Operating profit (loss) | 9901 | -€97,159 | -€10,307 | +€86,852 | +89.4% |
| Financial charges | 65/66B | €39,300 | €54,941 | +€15,641 | +39.8% |
| Recurring financial charges | 65 | €39,300 | €54,941 | +€15,641 | +39.8% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | -€136,458 | -€65,248 | +€71,211 | +52.2% |
| Profit (loss) for the period | 9904 | -€136,458 | -€65,248 | +€71,211 | +52.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€136,458 | -€65,248 | +€71,211 | +52.2% |
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 27 October 2026 via checked.be.