Koning Kevin: what changed
Koning Kevin
Largest movements
- Cash -€207,697
down €207,697 (-38.9%), from €534,414 to €326,716
mainly Current investments (-€100,000) and Accrued charges and deferred income (-€95,208)
- Current investments +€100,000
up €100,000 (+125%), from €80,000 to €180,000
- Tangible fixed assets +€12,247
up €12,247 (+114%), from €10,718 to €22,964
of which Furniture and vehicles: +€14,342
- Receivables within one year +€11,191
up €11,191 (+13.2%), from €84,690 to €95,880
of which Other amounts receivable: +€9,354
- Stocks and contracts -€9,306
down €9,306 (-84.5%), from €11,010 to €1,705
- Accrued charges and deferred income -€95,208
down €95,208 (-42.0%), from €226,743 to €131,535
- Debts within one year -€32,811
down €32,811 (-20.6%), from €159,474 to €126,663
of which Tax, wage and social debts: -€29,276
- Profit (loss) carried forward +€30,529
up €30,529 (+19.1%), from €159,589 to €190,118
- Staff costs -€51,370
down €51,370 (-7.4%), from €692,874 to €641,504
- Gross operating margin -€24,982
down €24,982 (-3.5%), from €707,862 to €682,880
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €770,191 | €672,700 | -€97,490 | -12.7% |
| Fixed assets | 21/28 | €13,738 | €25,464 | +€11,727 | +85.4% |
| Tangible fixed assets | 22/27 | €10,718 | €22,964 | +€12,247 | +114% |
| Plant, machinery and equipment | 23 | €6,596 | €4,501 | -€2,095 | -31.8% |
| Furniture and vehicles | 24 | €4,121 | €18,463 | +€14,342 | +348% |
| Financial fixed assets | 28 | €3,020 | €2,500 | -€520 | -17.2% |
| Current assets | 29/58 | €756,453 | €647,236 | -€109,217 | -14.4% |
| Stocks and contracts in progress | 3 | €11,010 | €1,705 | -€9,306 | -84.5% |
| Stocks | 30/36 | €11,010 | €1,705 | -€9,306 | -84.5% |
| Amounts receivable within one year | 40/41 | €84,690 | €95,880 | +€11,191 | +13.2% |
| Trade receivables | 40 | €14,387 | €16,223 | +€1,837 | +12.8% |
| Other amounts receivable | 41 | €70,303 | €79,657 | +€9,354 | +13.3% |
| Current investments | 50/53 | €80,000 | €180,000 | +€100,000 | +125% |
| Cash at bank and in hand | 54/58 | €534,414 | €326,716 | -€207,697 | -38.9% |
| Deferred charges and accrued income | 490/1 | €46,340 | €42,935 | -€3,405 | -7.3% |
| Total equity and liabilities | 10/49 | €770,191 | €672,700 | -€97,490 | -12.7% |
| Equity | 10/15 | €383,973 | €414,502 | +€30,529 | +8.0% |
| Contributions | 10/11 | €33,986 | €33,986 | = | 0.0% |
| Capital | 10 | €33,986 | €33,986 | = | 0.0% |
| Reserves | 13 | €190,398 | €190,398 | = | 0.0% |
| Profit (loss) carried forward | 14 | €159,589 | €190,118 | +€30,529 | +19.1% |
| Amounts payable | 17/49 | €386,218 | €258,198 | -€128,019 | -33.1% |
| Amounts payable within one year | 42/48 | €159,474 | €126,663 | -€32,811 | -20.6% |
| Trade debts | 44 | €44,325 | €40,313 | -€4,012 | -9.1% |
| Suppliers | 440/4 | €44,325 | €40,313 | -€4,012 | -9.1% |
| Taxes, remuneration and social security | 45 | €114,264 | €84,988 | -€29,276 | -25.6% |
| Taxes | 450/3 | €21,993 | €15,013 | -€6,980 | -31.7% |
| Remuneration and social security | 454/9 | €92,271 | €69,975 | -€22,296 | -24.2% |
| Accrued charges and deferred income | 492/3 | €226,743 | €131,535 | -€95,208 | -42.0% |
| Non-recurring operating income | 76A | €161 | €24,286 | +€24,125 | +15,023% |
| Remuneration, social security and pensions | 62 | €692,874 | €641,504 | -€51,370 | -7.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,272 | €12,286 | -€1,985 | -13.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€1,772 | €279 | +€2,051 | |
| Other operating charges | 640/8 | €1,123 | €1,360 | +€237 | +21.1% |
| Non-recurring operating charges | 66A | €3,082 | €5,677 | +€2,595 | +84.2% |
| Gross operating margin | 9900 | €707,862 | €682,880 | -€24,982 | -3.5% |
| Operating profit (loss) | 9901 | -€1,718 | €21,774 | +€23,491 | |
| Financial income | 75/76B | €3,867 | €9,780 | +€5,913 | +153% |
| Recurring financial income | 75 | €3,867 | €4,080 | +€213 | +5.5% |
| Non-recurring financial income | 76B | - | €5,700 | +€5,700 | |
| Financial charges | 65/66B | €1,375 | €1,025 | -€350 | -25.5% |
| Recurring financial charges | 65 | €892 | €1,025 | +€133 | +14.9% |
| Non-recurring financial charges | 66B | €483 | - | -€483 | |
| Profit (loss) for the period before taxes | 9903 | €775 | €30,529 | +€29,754 | +3,840% |
| Profit (loss) for the period | 9904 | €775 | €30,529 | +€29,754 | +3,840% |
| Profit (loss) for the period to be appropriated | 9905 | €775 | €30,529 | +€29,754 | +3,840% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.