K & Y: 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.
K & Y
Largest movements
- Receivables within one year -€53,861
down €53,861 (-60.6%), from €88,946 to €35,085
of which Trade receivables: -€42,985
- Deferred charges and accrued income +€7,608
new in 2025: €7,608
- Other debts -€42,222
no longer reported in 2025 (was €42,222)
- Reserves +€27,855
up €27,855 (+16.9%), from €165,200 to €193,055
of which Distributable reserves: +€27,855
- Tax, wage and social debts -€23,708
down €23,708 (-98.9%), from €23,974 to €266
- Trade debts -€6,792
down €6,792 (-49.4%), from €13,759 to €6,967
- Gross operating margin -€30,237
down €30,237 (-22.9%), from €131,793 to €101,556
- Taxes -€11,148
down €11,148 (-46.6%), from €23,914 to €12,766
- Depreciation +€1,870
up €1,870 (+4.1%), from €45,871 to €47,741
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 | €382,370 | €335,367 | -€47,002 | -12.3% |
| Fixed assets | 21/28 | €293,424 | €291,158 | -€2,266 | -0.8% |
| Tangible fixed assets | 22/27 | €293,424 | €291,158 | -€2,266 | -0.8% |
| Land and buildings | 22 | €232,984 | €224,753 | -€8,231 | -3.5% |
| Plant, machinery and equipment | 23 | €3,123 | €1,428 | -€1,694 | -54.3% |
| Furniture and vehicles | 24 | €57,317 | €64,976 | +€7,659 | +13.4% |
| Current assets | 29/58 | €88,946 | €44,210 | -€44,736 | -50.3% |
| Amounts receivable within one year | 40/41 | €88,946 | €35,085 | -€53,861 | -60.6% |
| Trade receivables | 40 | €70,415 | €27,429 | -€42,985 | -61.0% |
| Other amounts receivable | 41 | €18,531 | €7,656 | -€10,876 | -58.7% |
| Cash at bank and in hand | 54/58 | - | €1,516 | +€1,516 | |
| Deferred charges and accrued income | 490/1 | - | €7,608 | +€7,608 | |
| Total equity and liabilities | 10/49 | €382,370 | €335,367 | -€47,002 | -12.3% |
| Equity | 10/15 | €300,279 | €328,134 | +€27,855 | +9.3% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €165,200 | €193,055 | +€27,855 | +16.9% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €159,000 | €186,855 | +€27,855 | +17.5% |
| Profit (loss) carried forward | 14 | €73,079 | €73,079 | = | 0.0% |
| Amounts payable | 17/49 | €82,091 | €7,233 | -€74,857 | -91.2% |
| Amounts payable within one year | 42/48 | €82,091 | €7,233 | -€74,857 | -91.2% |
| Current portion of amounts payable after more than one year | 42 | €2,136 | - | -€2,136 | |
| Trade debts | 44 | €13,759 | €6,967 | -€6,792 | -49.4% |
| Suppliers | 440/4 | €13,759 | €6,967 | -€6,792 | -49.4% |
| Taxes, remuneration and social security | 45 | €23,974 | €266 | -€23,708 | -98.9% |
| Taxes | 450/3 | €23,974 | €266 | -€23,708 | -98.9% |
| Other amounts payable | 47/48 | €42,222 | - | -€42,222 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,871 | €47,741 | +€1,870 | +4.1% |
| Other operating charges | 640/8 | €12,011 | €12,524 | +€513 | +4.3% |
| Non-recurring operating charges | 66A | €3,221 | - | -€3,221 | |
| Gross operating margin | 9900 | €131,793 | €101,556 | -€30,237 | -22.9% |
| Operating profit (loss) | 9901 | €70,690 | €41,291 | -€29,399 | -41.6% |
| Financial income | 75/76B | €3 | €0 | -€3 | -90.6% |
| Recurring financial income | 75 | €3 | €0 | -€3 | -90.6% |
| Financial charges | 65/66B | €1,005 | €670 | -€335 | -33.4% |
| Recurring financial charges | 65 | €1,005 | €670 | -€335 | -33.4% |
| Profit (loss) for the period before taxes | 9903 | €69,687 | €40,621 | -€29,066 | -41.7% |
| Income taxes | 67/77 | €23,914 | €12,766 | -€11,148 | -46.6% |
| Profit (loss) for the period | 9904 | €45,774 | €27,855 | -€17,919 | -39.1% |
| Profit (loss) for the period to be appropriated | 9905 | €45,774 | €27,855 | -€17,919 | -39.1% |
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 16 October 2026 via checked.be.