KONINGSTEEN: 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.
KONINGSTEEN
Largest movements
- Tangible fixed assets -€41,900
down €41,900 (-2.4%), from €1.7m to €1.7m
of which Land and buildings: -€61,080
- Receivables within one year +€41,485
new in 2025: €41,485
of which Trade receivables: +€40,689
- Cash +€40,628
up €40,628 (+3,975%), from €1,022 to €41,650
mainly Other debts (+€122,198) and Depreciation (+€68,951)
- Other debts +€122,198
up €122,198 (+52.1%), from €234,437 to €356,635
- Profit (loss) carried forward -€74,581
down €74,581 (-3.5%), from -€2.1m to -€2.2m
- Write-downs -€271,742
no longer reported in 2025 (was €271,742)
- Gross operating margin -€41,415
down €41,415 (-72.8%), from €56,879 to €15,464
- Depreciation -€3,140
down €3,140 (-4.4%), from €72,091 to €68,951
- Financial income -€1,499
no longer reported in 2025 (was €1,499)
- Other operating charges +€834
up €834 (+4.2%), from €20,014 to €20,848
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 | €1,739,740 | €1,780,928 | +€41,188 | +2.4% |
| Fixed assets | 21/28 | €1,736,984 | €1,695,084 | -€41,900 | -2.4% |
| Tangible fixed assets | 22/27 | €1,736,984 | €1,695,084 | -€41,900 | -2.4% |
| Land and buildings | 22 | €1,726,748 | €1,665,668 | -€61,080 | -3.5% |
| Plant, machinery and equipment | 23 | €10,236 | €29,416 | +€19,180 | +187% |
| Current assets | 29/58 | €2,756 | €85,844 | +€83,088 | +3,015% |
| Amounts receivable within one year | 40/41 | - | €41,485 | +€41,485 | |
| Trade receivables | 40 | - | €40,689 | +€40,689 | |
| Other amounts receivable | 41 | - | €796 | +€796 | |
| Cash at bank and in hand | 54/58 | €1,022 | €41,650 | +€40,628 | +3,975% |
| Deferred charges and accrued income | 490/1 | €1,734 | €2,709 | +€975 | +56.2% |
| Total equity and liabilities | 10/49 | €1,739,740 | €1,780,928 | +€41,188 | +2.4% |
| Equity | 10/15 | €1,457,882 | €1,383,301 | -€74,581 | -5.1% |
| Contributions | 10/11 | €2,900,000 | €2,900,000 | = | 0.0% |
| Revaluation surpluses | 12 | €705,657 | €705,657 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,147,775 | -€2,222,356 | -€74,581 | -3.5% |
| Amounts payable | 17/49 | €281,858 | €397,627 | +€115,769 | +41.1% |
| Amounts payable within one year | 42/48 | €281,858 | €397,627 | +€115,769 | +41.1% |
| Trade debts | 44 | €46,123 | €40,992 | -€5,131 | -11.1% |
| Suppliers | 440/4 | €46,123 | €40,992 | -€5,131 | -11.1% |
| Taxes, remuneration and social security | 45 | €1,298 | - | -€1,298 | |
| Taxes | 450/3 | €1,298 | - | -€1,298 | |
| Other amounts payable | 47/48 | €234,437 | €356,635 | +€122,198 | +52.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €72,091 | €68,951 | -€3,140 | -4.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €271,742 | - | -€271,742 | |
| Other operating charges | 640/8 | €20,014 | €20,848 | +€834 | +4.2% |
| Gross operating margin | 9900 | €56,879 | €15,464 | -€41,415 | -72.8% |
| Operating profit (loss) | 9901 | -€306,968 | -€74,335 | +€232,633 | +75.8% |
| Financial income | 75/76B | €1,499 | - | -€1,499 | |
| Recurring financial income | 75 | €1,499 | - | -€1,499 | |
| Financial charges | 65/66B | €113 | €246 | +€133 | +118% |
| Recurring financial charges | 65 | €113 | €246 | +€133 | +118% |
| Profit (loss) for the period before taxes | 9903 | -€305,582 | -€74,581 | +€231,001 | +75.6% |
| Profit (loss) for the period | 9904 | -€305,582 | -€74,581 | +€231,001 | +75.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€305,582 | -€74,581 | +€231,001 | +75.6% |
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 13 October 2026 via checked.be.