R & 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.
R & K
Largest movements
- Stocks and contracts +€5,689
up €5,689 (+26.3%), from €21,615 to €27,304
- Cash -€4,144
down €4,144 (-6.7%), from €62,122 to €57,979
mainly Stocks and contracts (-€5,689) and Receivables within one year (-€2,743)
- Receivables within one year +€2,743
up €2,743 (+38.3%), from €7,170 to €9,913
of which Trade receivables: +€1,613
- Reserves +€5,000
up €5,000 (+3.4%), from €146,894 to €151,894
of which Distributable reserves: +€5,000
- Gross operating margin -€4,656
down €4,656 (-39.8%), from €11,691 to €7,035
- Other operating charges -€908
down €908 (-35.7%), from €2,542 to €1,633
- Taxes +€403
up €403 (+413%), from €97 to €500
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 | €150,868 | €155,765 | +€4,898 | +3.2% |
| Current assets | 29/58 | €150,868 | €155,765 | +€4,898 | +3.2% |
| Stocks and contracts in progress | 3 | €21,615 | €27,304 | +€5,689 | +26.3% |
| Stocks | 30/36 | €21,615 | €27,304 | +€5,689 | +26.3% |
| Amounts receivable within one year | 40/41 | €7,170 | €9,913 | +€2,743 | +38.3% |
| Trade receivables | 40 | €2,561 | €4,174 | +€1,613 | +63.0% |
| Other amounts receivable | 41 | €4,609 | €5,739 | +€1,130 | +24.5% |
| Current investments | 50/53 | €59,077 | €59,077 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €62,122 | €57,979 | -€4,144 | -6.7% |
| Deferred charges and accrued income | 490/1 | €883 | €1,493 | +€610 | +69.0% |
| Total equity and liabilities | 10/49 | €150,868 | €155,765 | +€4,898 | +3.2% |
| Equity | 10/15 | €149,555 | €154,555 | +€5,000 | +3.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €146,894 | €151,894 | +€5,000 | +3.4% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €7,984 | €7,984 | = | 0.0% |
| Distributable reserves | 133 | €138,910 | €143,910 | +€5,000 | +3.6% |
| Profit (loss) carried forward | 14 | -€3,540 | -€3,539 | +€0 | 0.0% |
| Amounts payable | 17/49 | €1,313 | €1,210 | -€102 | -7.8% |
| Amounts payable within one year | 42/48 | €925 | €823 | -€102 | -11.1% |
| Trade debts | 44 | €863 | €0 | -€863 | -100% |
| Suppliers | 440/4 | €863 | €0 | -€863 | -100% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €63 | €823 | +€760 | +1,214% |
| Accrued charges and deferred income | 492/3 | €387 | €387 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Other operating charges | 640/8 | €2,542 | €1,633 | -€908 | -35.7% |
| Gross operating margin | 9900 | €11,691 | €7,035 | -€4,656 | -39.8% |
| Operating profit (loss) | 9901 | €9,149 | €5,401 | -€3,748 | -41.0% |
| Financial income | 75/76B | €163 | €224 | +€61 | +37.5% |
| Recurring financial income | 75 | €163 | €224 | +€61 | +37.5% |
| Financial charges | 65/66B | €121 | €125 | +€4 | +3.2% |
| Recurring financial charges | 65 | €121 | €125 | +€4 | +3.2% |
| Profit (loss) for the period before taxes | 9903 | €9,191 | €5,500 | -€3,691 | -40.2% |
| Income taxes | 67/77 | €97 | €500 | +€403 | +413% |
| Profit (loss) for the period | 9904 | €9,093 | €5,000 | -€4,093 | -45.0% |
| Profit (loss) for the period to be appropriated | 9905 | €9,093 | €5,000 | -€4,093 | -45.0% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.