KONING: 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.
What changed
KONING
NACE 43.222, Installation of electric heating, air conditioning, cooling and ventilation
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€564,761
2024 · €762,272-€197,511
Equity
€6.3m
2024 · €5.8m+€564,260
Cash
€833,020
2024 · €1.5m-€650,163
Balance sheet total
€12.3m
2024 · €10.8m+€1.5m
Largest movements
Assets
- Receivables within one year +€827,548
up €827,548 (+22.1%), from €3.8m to €4.6m
of which Trade receivables: +€840,245
- Intangible fixed assets +€714,550
up €714,550 (+450.5%), from €158,628 to €873,178
- Cash -€650,163
down €650,163 (-43.8%), from €1.5m to €833,020
mainly Investment in fixed assets (net) (-€1.3m) and Receivables within one year (-€827,548)
- Stocks and contracts +€243,662
up €243,662 (+11.3%), from €2.2m to €2.4m
- Deferred charges and accrued income +€211,038
up €211,038 (+57.1%), from €369,361 to €580,399
Equity and liabilities
- Trade debts +€1.4m
up €1.4m (+73.3%), from €1.9m to €3.3m
- Tax, wage and social debts -€648,304
down €648,304 (-76.9%), from €843,002 to €194,698
of which Taxes: -€553,673
- Other debts -€600,000
down €600,000 (-92.3%), from €650,000 to €50,000
- Profit (loss) carried forward +€564,260
up €564,260 (+10.2%), from €5.5m to €6.1m
- Accrued charges and deferred income +€466,060
up €466,060 (+38.8%), from €1.2m to €1.7m
Income statement
- Goods and materials +€4.5m
up €4.5m (+27.3%), from €16.4m to €20.9m
of which Purchases: +€4.8m
- Turnover +€3.9m
up €3.9m (+16.8%), from €23.1m to €26.9m
- Staff costs -€363,481
down €363,481 (-12.9%), from €2.8m to €2.5m
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.
Result 2024
€762,272
Turnover
+€3.9m
Other operating income
+€40,351
Goods and materials
-€4.5m
Services and other goods
-€221,711
Staff costs
+€363,481
Depreciation
-€179,539
Write-downs
+€104,892
Other operating charges
-€56,695
Other operating items
+€63,459
Financial income
+€216,714
Financial charges
-€28,061
Taxes
+€106,854
Result 2025
€564,761
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.
From operations
+€287,487
Investment
-€1.3m
Financing
+€347,763
Cash 2024
€1.5m
From operations (derived)
+€287,487
Net result for the year
+€564,761
Depreciation
+€398,216
Stocks and contracts
-€243,662
Receivables within one year
-€827,548
Deferred charges and accrued income
-€211,038
Trade debts
+€1.4m
Tax, wage and social debts
-€648,304
Other debts
-€600,000
Accrued charges and deferred income
+€466,060
Investment (derived)
-€1.3m
Investment in fixed assets (net)
-€1.3m
Financing
+€347,763
Debts after one year
+€427
Current portion of long-term debt
+€97,837
Short-term financial debts
+€250,000
Contributions, distributions and other
-€501
Cash 2025
€833,020
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €10,824,841 | €12,344,123 | +€1.5m | +14.0% |
| Fixed assets | 21/28 | €3,059,605 | €3,946,803 | +€887,197 | +29.0% |
| Intangible fixed assets | 21 | €158,628 | €873,178 | +€714,550 | +450.5% |
| Tangible fixed assets | 22/27 | €1,057,477 | €1,130,125 | +€72,647 | +6.9% |
| Plant, machinery and equipment | 23 | €16,987 | €24,675 | +€7,688 | +45.3% |
| Furniture and vehicles | 24 | €245,521 | €400,805 | +€155,284 | +63.2% |
| Other tangible fixed assets | 26 | €794,969 | €704,645 | -€90,324 | -11.4% |
| Financial fixed assets | 28 | €1,843,500 | €1,943,500 | +€100,000 | +5.4% |
| Affiliated companies | 280/1 | €1,783,500 | €1,883,500 | +€100,000 | +5.6% |
| Participating interests | 280 | €1,783,500 | €1,883,500 | +€100,000 | +5.6% |
| Other financial fixed assets | 284/8 | €60,000 | €60,000 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €60,000 | €60,000 | = | 0.0% |
| Current assets | 29/58 | €7,765,236 | €8,397,320 | +€632,084 | +8.1% |
| Stocks and contracts in progress | 3 | €2,161,298 | €2,404,960 | +€243,662 | +11.3% |
| Stocks | 30/36 | €2,161,298 | €2,404,960 | +€243,662 | +11.3% |
| Goods purchased for resale | 34 | €2,161,298 | €2,404,960 | +€243,662 | +11.3% |
| Amounts receivable within one year | 40/41 | €3,751,394 | €4,578,941 | +€827,548 | +22.1% |
| Trade receivables | 40 | €2,214,194 | €3,054,439 | +€840,245 | +37.9% |
| Other amounts receivable | 41 | €1,537,200 | €1,524,502 | -€12,698 | -0.8% |
| Cash at bank and in hand | 54/58 | €1,483,183 | €833,020 | -€650,163 | -43.8% |
| Deferred charges and accrued income | 490/1 | €369,361 | €580,399 | +€211,038 | +57.1% |
| Total equity and liabilities | 10/49 | €10,824,841 | €12,344,123 | +€1.5m | +14.0% |
| Equity | 10/15 | €5,771,946 | €6,336,205 | +€564,260 | +9.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €212,171 | €212,171 | = | 0.0% |
| Distributable reserves | 133 | €212,171 | €212,171 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,547,375 | €6,111,635 | +€564,260 | +10.2% |
| Amounts payable | 17/49 | €5,052,896 | €6,007,918 | +€955,022 | +18.9% |
| Amounts payable after more than one year | 17 | €346,527 | €346,954 | +€427 | +0.1% |
| Financial debts | 170/4 | €346,527 | €346,954 | +€427 | +0.1% |
| Credit institutions | 173 | €346,527 | €346,954 | +€427 | +0.1% |
| Amounts payable within one year | 42/48 | €3,506,619 | €3,995,154 | +€488,535 | +13.9% |
| Current portion of amounts payable after more than one year | 42 | €119,737 | €217,574 | +€97,837 | +81.7% |
| Financial debts | 43 | €0 | €250,000 | +€250,000 | |
| Credit institutions | 430/8 | €0 | €250,000 | +€250,000 | |
| Trade debts | 44 | €1,893,880 | €3,282,882 | +€1.4m | +73.3% |
| Suppliers | 440/4 | €1,893,880 | €3,282,882 | +€1.4m | +73.3% |
| Taxes, remuneration and social security | 45 | €843,002 | €194,698 | -€648,304 | -76.9% |
| Taxes | 450/3 | €573,470 | €19,797 | -€553,673 | -96.5% |
| Remuneration and social security | 454/9 | €269,532 | €174,901 | -€94,631 | -35.1% |
| Other amounts payable | 47/48 | €650,000 | €50,000 | -€600,000 | -92.3% |
| Accrued charges and deferred income | 492/3 | €1,199,750 | €1,665,810 | +€466,060 | +38.8% |
| Operating income | 70/76A | €23,299,815 | €27,279,218 | +€4.0m | +17.1% |
| Turnover | 70 | €23,066,131 | €26,941,724 | +€3.9m | +16.8% |
| Own construction capitalised | 72 | €0 | €28,237 | +€28,237 | |
| Other operating income | 74 | €228,976 | €269,327 | +€40,351 | +17.6% |
| Non-recurring operating income | 76A | €4,708 | €39,930 | +€35,222 | +748.2% |
| Operating charges | 60/66A | €22,224,098 | €26,696,520 | +€4.5m | +20.1% |
| Goods for resale, raw materials and consumables | 60 | €16,403,194 | €20,886,044 | +€4.5m | +27.3% |
| Purchases | 600/8 | €16,302,641 | €21,129,706 | +€4.8m | +29.6% |
| Change in stocks: decrease (increase) | 609 | €100,554 | -€243,662 | -€344,215 | |
| Services and other goods | 61 | €2,647,645 | €2,869,356 | +€221,711 | +8.4% |
| Remuneration, social security and pensions | 62 | €2,821,996 | €2,458,515 | -€363,481 | -12.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €218,677 | €398,216 | +€179,539 | +82.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €124,983 | €20,091 | -€104,892 | -83.9% |
| Other operating charges | 640/8 | €7,603 | €64,298 | +€56,695 | +745.7% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Operating profit (loss) | 9901 | €1,075,716 | €582,698 | -€493,018 | -45.8% |
| Financial income | 75/76B | €11,930 | €228,644 | +€216,714 | +1816.6% |
| Recurring financial income | 75 | €11,930 | €228,644 | +€216,714 | +1816.6% |
| Income from financial fixed assets | 750 | - | €150,000 | +€150,000 | |
| Income from current assets | 751 | €23 | €72,197 | +€72,174 | +320774.9% |
| Other financial income | 752/9 | €11,907 | €6,447 | -€5,460 | -45.9% |
| Financial charges | 65/66B | €48,723 | €76,785 | +€28,061 | +57.6% |
| Recurring financial charges | 65 | €48,723 | €76,785 | +€28,061 | +57.6% |
| Debt charges | 650 | €43,788 | €65,427 | +€21,639 | +49.4% |
| Other financial charges | 652/9 | €4,935 | €11,358 | +€6,423 | +130.1% |
| Profit (loss) for the period before taxes | 9903 | €1,038,923 | €734,558 | -€304,365 | -29.3% |
| Income taxes | 67/77 | €276,651 | €169,797 | -€106,854 | -38.6% |
| Taxes | 670/3 | €276,651 | €169,797 | -€106,854 | -38.6% |
| Tax adjustments and reversals of tax provisions | 77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | €762,272 | €564,761 | -€197,511 | -25.9% |
| Profit (loss) for the period to be appropriated | 9905 | €762,272 | €564,761 | -€197,511 | -25.9% |
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 29 September 2026 via checked.be.