Uncrowned Kings: 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.
Uncrowned Kings
Largest movements
- Cash -€8,649
down €8,649 (-73.8%), from €11,713 to €3,064
mainly Trade debts (-€12,247) and Net result for the year (-€9,405)
- Receivables within one year -€7,121
down €7,121 (-26.3%), from €27,025 to €19,904
of which Trade receivables: -€10,170
- Intangible fixed assets -€3,839
down €3,839 (-74.0%), from €5,189 to €1,350
- Trade debts -€12,247
down €12,247 (-100%), from €12,247 to €0
- Profit (loss) carried forward -€9,405
down €9,405 (-39.5%), from €23,817 to €14,413
- Tax, wage and social debts +€1,937
up €1,937 (+127%), from €1,522 to €3,458
- Gross operating margin -€33,153
down €33,153, from €28,105 to -€5,048
- Taxes -€5,808
down €5,808 (-100%), from €5,808 to €0
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 | €43,928 | €24,357 | -€19,571 | -44.6% |
| Fixed assets | 21/28 | €5,189 | €1,350 | -€3,839 | -74.0% |
| Intangible fixed assets | 21 | €5,189 | €1,350 | -€3,839 | -74.0% |
| Current assets | 29/58 | €38,740 | €23,008 | -€15,732 | -40.6% |
| Amounts receivable within one year | 40/41 | €27,025 | €19,904 | -€7,121 | -26.3% |
| Trade receivables | 40 | €27,025 | €16,855 | -€10,170 | -37.6% |
| Other amounts receivable | 41 | - | €3,049 | +€3,049 | |
| Cash at bank and in hand | 54/58 | €11,713 | €3,064 | -€8,649 | -73.8% |
| Deferred charges and accrued income | 490/1 | €2 | €39 | +€38 | +2,313% |
| Total equity and liabilities | 10/49 | €43,928 | €24,357 | -€19,571 | -44.6% |
| Equity | 10/15 | €30,017 | €20,613 | -€9,405 | -31.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €23,817 | €14,413 | -€9,405 | -39.5% |
| Amounts payable | 17/49 | €13,911 | €3,744 | -€10,166 | -73.1% |
| Amounts payable within one year | 42/48 | €13,807 | €3,522 | -€10,285 | -74.5% |
| Trade debts | 44 | €12,247 | €0 | -€12,247 | -100% |
| Suppliers | 440/4 | €12,247 | €0 | -€12,247 | -100% |
| Taxes, remuneration and social security | 45 | €1,522 | €3,458 | +€1,937 | +127% |
| Taxes | 450/3 | €1,522 | €3,458 | +€1,937 | +127% |
| Other amounts payable | 47/48 | €38 | €64 | +€26 | +69.1% |
| Accrued charges and deferred income | 492/3 | €104 | €223 | +€118 | +114% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,839 | €3,839 | = | 0.0% |
| Other operating charges | 640/8 | €449 | €462 | +€12 | +2.8% |
| Gross operating margin | 9900 | €28,105 | -€5,048 | -€33,153 | |
| Operating profit (loss) | 9901 | €23,816 | -€9,349 | -€33,166 | |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €59 | €55 | -€3 | -5.3% |
| Recurring financial charges | 65 | €59 | €55 | -€3 | -5.3% |
| Profit (loss) for the period before taxes | 9903 | €23,758 | -€9,405 | -€33,162 | |
| Income taxes | 67/77 | €5,808 | €0 | -€5,808 | -100% |
| Profit (loss) for the period | 9904 | €17,950 | -€9,405 | -€27,354 | |
| Profit (loss) for the period to be appropriated | 9905 | €17,950 | -€9,405 | -€27,354 |
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 29 October 2026 via checked.be.