Koning K: 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.
Koning K
Largest movements
- Cash -€14,499
down €14,499 (-59.1%), from €24,518 to €10,019
mainly Net result for the year (-€58,546) and Debts after one year (-€16,233)
- Tangible fixed assets -€13,340
down €13,340 (-40.1%), from €33,242 to €19,902
of which Furniture and vehicles: -€11,167
- Receivables within one year -€9,475
down €9,475 (-22.4%), from €42,215 to €32,739
of which Trade receivables: -€11,428
- Reserves -€43,371
no longer reported in 2025 (was €43,371)
- Trade debts +€36,261
up €36,261 (+612%), from €5,924 to €42,185
- Debts after one year -€16,233
down €16,233 (-60.5%), from €26,825 to €10,592
- Profit (loss) carried forward -€15,175
new in 2025: -€15,175
- Current portion of long-term debt +€8,616
new in 2025: €8,616
- Gross operating margin -€111,198
down €111,198, from €68,278 to -€42,920
- Taxes -€11,734
down €11,734 (-98.9%), from €11,866 to €132
- Depreciation +€2,215
up €2,215 (+19.9%), from €11,125 to €13,340
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 | €100,001 | €62,661 | -€37,341 | -37.3% |
| Fixed assets | 21/28 | €33,242 | €19,902 | -€13,340 | -40.1% |
| Tangible fixed assets | 22/27 | €33,242 | €19,902 | -€13,340 | -40.1% |
| Land and buildings | 22 | €4,189 | €3,203 | -€986 | -23.5% |
| Plant, machinery and equipment | 23 | €4,890 | €3,702 | -€1,188 | -24.3% |
| Furniture and vehicles | 24 | €24,164 | €12,997 | -€11,167 | -46.2% |
| Current assets | 29/58 | €66,759 | €42,759 | -€24,001 | -36.0% |
| Amounts receivable within one year | 40/41 | €42,215 | €32,739 | -€9,475 | -22.4% |
| Trade receivables | 40 | €39,607 | €28,179 | -€11,428 | -28.9% |
| Other amounts receivable | 41 | €2,607 | €4,560 | +€1,953 | +74.9% |
| Cash at bank and in hand | 54/58 | €24,518 | €10,019 | -€14,499 | -59.1% |
| Deferred charges and accrued income | 490/1 | €27 | - | -€27 | |
| Total equity and liabilities | 10/49 | €100,001 | €62,661 | -€37,341 | -37.3% |
| Equity | 10/15 | €43,471 | -€15,075 | -€58,546 | |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €43,371 | - | -€43,371 | |
| Distributable reserves | 133 | €43,371 | - | -€43,371 | |
| Profit (loss) carried forward | 14 | - | -€15,175 | -€15,175 | |
| Amounts payable | 17/49 | €56,530 | €77,736 | +€21,206 | +37.5% |
| Amounts payable after more than one year | 17 | €26,825 | €10,592 | -€16,233 | -60.5% |
| Financial debts | 170/4 | €26,825 | €10,592 | -€16,233 | -60.5% |
| Amounts payable within one year | 42/48 | €29,706 | €67,144 | +€37,438 | +126% |
| Current portion of amounts payable after more than one year | 42 | - | €8,616 | +€8,616 | |
| Trade debts | 44 | €5,924 | €42,185 | +€36,261 | +612% |
| Suppliers | 440/4 | €5,924 | €42,185 | +€36,261 | +612% |
| Taxes, remuneration and social security | 45 | €23,782 | €16,343 | -€7,439 | -31.3% |
| Taxes | 450/3 | €23,782 | €12,784 | -€10,998 | -46.2% |
| Remuneration and social security | 454/9 | - | €3,559 | +€3,559 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,125 | €13,340 | +€2,215 | +19.9% |
| Other operating charges | 640/8 | €864 | €772 | -€92 | -10.7% |
| Gross operating margin | 9900 | €68,278 | -€42,920 | -€111,198 | |
| Operating profit (loss) | 9901 | €56,289 | -€57,032 | -€113,322 | |
| Financial income | 75/76B | €31 | €2 | -€30 | -94.8% |
| Recurring financial income | 75 | €31 | €2 | -€30 | -94.8% |
| Financial charges | 65/66B | €1,083 | €1,384 | +€300 | +27.7% |
| Recurring financial charges | 65 | €1,083 | €1,384 | +€300 | +27.7% |
| Profit (loss) for the period before taxes | 9903 | €55,237 | -€58,414 | -€113,652 | |
| Income taxes | 67/77 | €11,866 | €132 | -€11,734 | -98.9% |
| Profit (loss) for the period | 9904 | €43,371 | -€58,546 | -€101,918 | |
| Profit (loss) for the period to be appropriated | 9905 | €43,371 | -€58,546 | -€101,918 |
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 17 October 2026 via checked.be.