Mr K: 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.
Mr K
Largest movements
- Receivables within one year +€75,736
up €75,736 (+9467.0%), from €800 to €76,536
- Cash -€10,160
down €10,160 (-33.4%), from €30,424 to €20,264
mainly Receivables within one year (-€75,736) and Other debts (-€9,751)
- Tangible fixed assets -€5,035
down €5,035 (-16.9%), from €29,854 to €24,819
- Tax, wage and social debts +€61,449
up €61,449 (+283.0%), from €21,717 to €83,166
of which Taxes: +€34,665
- Reserves +€10,000
new in 2025: €10,000
- Other debts -€9,751
no longer reported in 2025 (was €9,751)
- Trade debts -€3,577
down €3,577 (-15.8%), from €22,594 to €19,017
- Gross operating margin +€62,005
up €62,005 (+74.9%), from €82,748 to €144,752
- Staff costs +€57,006
up €57,006 (+118.9%), from €47,951 to €104,957
- Financial charges +€10,405
up €10,405 (+28367.0%), from €37 to €10,442
- Other operating charges +€5,915
up €5,915 (+316.5%), from €1,869 to €7,784
- Taxes +€5,295
new in 2025: €5,295
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 | €71,258 | €130,619 | +€59,360 | +83.3% |
| Fixed assets | 21/28 | €38,854 | €33,819 | -€5,035 | -13.0% |
| Tangible fixed assets | 22/27 | €29,854 | €24,819 | -€5,035 | -16.9% |
| Plant, machinery and equipment | 23 | €2,291 | €1,482 | -€808 | -35.3% |
| Furniture and vehicles | 24 | €5,707 | €3,780 | -€1,927 | -33.8% |
| Other tangible fixed assets | 26 | €21,856 | €19,556 | -€2,300 | -10.5% |
| Financial fixed assets | 28 | €9,000 | €9,000 | = | 0.0% |
| Current assets | 29/58 | €32,404 | €96,800 | +€64,396 | +198.7% |
| Amounts receivable within one year | 40/41 | €800 | €76,536 | +€75,736 | +9467.0% |
| Other amounts receivable | 41 | €800 | €76,536 | +€75,736 | +9467.0% |
| Cash at bank and in hand | 54/58 | €30,424 | €20,264 | -€10,160 | -33.4% |
| Deferred charges and accrued income | 490/1 | €1,180 | - | -€1,180 | |
| Total equity and liabilities | 10/49 | €71,258 | €130,619 | +€59,360 | +83.3% |
| Equity | 10/15 | €17,197 | €28,436 | +€11,239 | +65.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | - | €10,000 | +€10,000 | |
| Distributable reserves | 133 | - | €10,000 | +€10,000 | |
| Profit (loss) carried forward | 14 | -€2,803 | -€1,564 | +€1,239 | +44.2% |
| Amounts payable | 17/49 | €54,062 | €102,183 | +€48,121 | +89.0% |
| Amounts payable within one year | 42/48 | €54,062 | €102,183 | +€48,121 | +89.0% |
| Trade debts | 44 | €22,594 | €19,017 | -€3,577 | -15.8% |
| Suppliers | 440/4 | €22,594 | €19,017 | -€3,577 | -15.8% |
| Taxes, remuneration and social security | 45 | €21,717 | €83,166 | +€61,449 | +283.0% |
| Taxes | 450/3 | €13,809 | €48,474 | +€34,665 | +251.0% |
| Remuneration and social security | 454/9 | €7,908 | €34,692 | +€26,784 | +338.7% |
| Other amounts payable | 47/48 | €9,751 | - | -€9,751 | |
| Remuneration, social security and pensions | 62 | €47,951 | €104,957 | +€57,006 | +118.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,352 | €5,035 | +€3,684 | +272.5% |
| Other operating charges | 640/8 | €1,869 | €7,784 | +€5,915 | +316.5% |
| Gross operating margin | 9900 | €82,748 | €144,752 | +€62,005 | +74.9% |
| Operating profit (loss) | 9901 | €31,576 | €26,976 | -€4,600 | -14.6% |
| Financial charges | 65/66B | €37 | €10,442 | +€10,405 | +28367.0% |
| Recurring financial charges | 65 | €37 | €10,442 | +€10,405 | +28367.0% |
| Profit (loss) for the period before taxes | 9903 | €31,539 | €16,535 | -€15,005 | -47.6% |
| Income taxes | 67/77 | - | €5,295 | +€5,295 | |
| Profit (loss) for the period | 9904 | €31,539 | €11,239 | -€20,300 | -64.4% |
| Profit (loss) for the period to be appropriated | 9905 | €31,539 | €11,239 | -€20,300 | -64.4% |
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 4 October 2026 via checked.be.