KY²: 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.
KY²
Largest movements
- Cash -€102,123
down €102,123 (-47.7%), from €214,185 to €112,062
mainly Other debts (-€189,126) and Contributions, distributions and other (-€50,000)
- Receivables within one year -€54,182
down €54,182 (-58.6%), from €92,485 to €38,303
of which Other amounts receivable: -€87,320
- Other debts -€189,126
down €189,126 (-78.8%), from €240,000 to €50,874
- Advances received +€40,221
new in 2025: €40,221
- Profit (loss) carried forward -€6,713
down €6,713 (-25.5%), from €26,341 to €19,628
- Tax, wage and social debts +€5,759
up €5,759 (+21.9%), from €26,240 to €31,999
- Trade debts -€3,166
down €3,166 (-57.2%), from €5,533 to €2,366
- Financial income -€216,769
no longer reported in 2025 (was €216,769)
of which Financial income: -€216,769
- Gross operating margin +€1,848
up €1,848 (+3.2%), from €57,964 to €59,812
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €306,670 | €153,149 | -€153,522 | -50.1% |
| Current assets | 29/58 | €306,670 | €153,149 | -€153,522 | -50.1% |
| Amounts receivable within one year | 40/41 | €92,485 | €38,303 | -€54,182 | -58.6% |
| Trade receivables | 40 | €5,165 | €38,303 | +€33,138 | +641.6% |
| Other amounts receivable | 41 | €87,320 | - | -€87,320 | |
| Cash at bank and in hand | 54/58 | €214,185 | €112,062 | -€102,123 | -47.7% |
| Deferred charges and accrued income | 490/1 | - | €2,784 | +€2,784 | |
| Total equity and liabilities | 10/49 | €306,670 | €153,149 | -€153,522 | -50.1% |
| Equity | 10/15 | €34,401 | €27,688 | -€6,713 | -19.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €26,341 | €19,628 | -€6,713 | -25.5% |
| Amounts payable | 17/49 | €272,269 | €125,461 | -€146,809 | -53.9% |
| Amounts payable within one year | 42/48 | €271,773 | €125,461 | -€146,312 | -53.8% |
| Trade debts | 44 | €5,533 | €2,366 | -€3,166 | -57.2% |
| Suppliers | 440/4 | €5,533 | €2,366 | -€3,166 | -57.2% |
| Advances received on contracts in progress | 46 | - | €40,221 | +€40,221 | |
| Taxes, remuneration and social security | 45 | €26,240 | €31,999 | +€5,759 | +21.9% |
| Taxes | 450/3 | €26,240 | €31,999 | +€5,759 | +21.9% |
| Other amounts payable | 47/48 | €240,000 | €50,874 | -€189,126 | -78.8% |
| Accrued charges and deferred income | 492/3 | €496 | - | -€496 | |
| Other operating charges | 640/8 | €535 | €550 | +€14 | +2.7% |
| Gross operating margin | 9900 | €57,964 | €59,812 | +€1,848 | +3.2% |
| Operating profit (loss) | 9901 | €57,429 | €59,262 | +€1,834 | +3.2% |
| Financial income | 75/76B | €216,769 | - | -€216,769 | |
| Recurring financial income | 75 | €216,769 | - | -€216,769 | |
| Non-recurring financial income | 76B | €216,769 | - | -€216,769 | |
| Financial charges | 65/66B | €177 | €221 | +€45 | +25.3% |
| Recurring financial charges | 65 | €177 | €221 | +€45 | +25.3% |
| Profit (loss) for the period before taxes | 9903 | €274,021 | €59,041 | -€214,980 | -78.5% |
| Income taxes | 67/77 | €15,601 | €15,754 | +€152 | +1.0% |
| Profit (loss) for the period | 9904 | €258,420 | €43,287 | -€215,133 | -83.2% |
| Profit (loss) for the period to be appropriated | 9905 | €258,420 | €43,287 | -€215,133 | -83.2% |
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 10 October 2026 via checked.be.