Kplus: 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.
Kplus
Largest movements
- Tangible fixed assets -€35,128
down €35,128 (-19.9%), from €176,303 to €141,175
of which Furniture and vehicles: -€29,408
- Cash +€15,322
up €15,322 (+28.9%), from €53,049 to €68,371
mainly Net result for the year (+€56,626) and Depreciation (+€36,458)
- Trade debts -€24,359
down €24,359 (-79.9%), from €30,484 to €6,125
- Debts after one year -€23,047
down €23,047 (-53.5%), from €43,063 to €20,017
- Reserves +€14,626
up €14,626 (+5.4%), from €271,303 to €285,929
- Other debts +€8,323
up €8,323 (+63.8%), from €13,037 to €21,360
- Gross operating margin -€11,583
down €11,583 (-8.7%), from €132,944 to €121,361
- Depreciation +€7,729
up €7,729 (+26.9%), from €28,729 to €36,458
- Taxes -€4,811
down €4,811 (-16.9%), from €28,549 to €23,738
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 | €436,995 | €414,818 | -€22,177 | -5.1% |
| Fixed assets | 21/28 | €176,303 | €141,175 | -€35,128 | -19.9% |
| Tangible fixed assets | 22/27 | €176,303 | €141,175 | -€35,128 | -19.9% |
| Furniture and vehicles | 24 | €54,260 | €24,852 | -€29,408 | -54.2% |
| Other tangible fixed assets | 26 | €122,043 | €116,323 | -€5,720 | -4.7% |
| Current assets | 29/58 | €260,692 | €273,643 | +€12,951 | +5.0% |
| Amounts receivable after more than one year | 29 | €46,500 | €46,500 | = | 0.0% |
| Other amounts receivable | 291 | €46,500 | €46,500 | = | 0.0% |
| Stocks and contracts in progress | 3 | €101,000 | €101,000 | = | 0.0% |
| Stocks | 30/36 | €101,000 | €101,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €59,147 | €56,348 | -€2,800 | -4.7% |
| Trade receivables | 40 | €50,084 | €41,172 | -€8,913 | -17.8% |
| Other amounts receivable | 41 | €9,063 | €15,176 | +€6,113 | +67.5% |
| Cash at bank and in hand | 54/58 | €53,049 | €68,371 | +€15,322 | +28.9% |
| Deferred charges and accrued income | 490/1 | €995 | €1,425 | +€429 | +43.1% |
| Total equity and liabilities | 10/49 | €436,995 | €414,818 | -€22,177 | -5.1% |
| Equity | 10/15 | €289,903 | €304,529 | +€14,626 | +5.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €271,303 | €285,929 | +€14,626 | +5.4% |
| Distributable reserves | 133 | €271,303 | €285,929 | +€14,626 | +5.4% |
| Amounts payable | 17/49 | €147,092 | €110,289 | -€36,803 | -25.0% |
| Amounts payable after more than one year | 17 | €43,063 | €20,017 | -€23,047 | -53.5% |
| Financial debts | 170/4 | €43,063 | €20,017 | -€23,047 | -53.5% |
| Amounts payable within one year | 42/48 | €101,479 | €87,723 | -€13,756 | -13.6% |
| Current portion of amounts payable after more than one year | 42 | €22,438 | €23,047 | +€609 | +2.7% |
| Financial debts | 43 | €30,000 | €30,000 | = | 0.0% |
| Other loans | 439 | €30,000 | €30,000 | = | 0.0% |
| Trade debts | 44 | €30,484 | €6,125 | -€24,359 | -79.9% |
| Suppliers | 440/4 | €30,484 | €6,125 | -€24,359 | -79.9% |
| Taxes, remuneration and social security | 45 | €5,520 | €7,191 | +€1,672 | +30.3% |
| Taxes | 450/3 | €4,520 | €6,191 | +€1,672 | +37.0% |
| Remuneration and social security | 454/9 | €1,000 | €1,000 | = | 0.0% |
| Other amounts payable | 47/48 | €13,037 | €21,360 | +€8,323 | +63.8% |
| Accrued charges and deferred income | 492/3 | €2,550 | €2,550 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,729 | €36,458 | +€7,729 | +26.9% |
| Other operating charges | 640/8 | €913 | €1,098 | +€185 | +20.3% |
| Gross operating margin | 9900 | €132,944 | €121,361 | -€11,583 | -8.7% |
| Operating profit (loss) | 9901 | €103,302 | €83,804 | -€19,497 | -18.9% |
| Financial income | 75/76B | €64 | €0 | -€64 | -99.8% |
| Recurring financial income | 75 | €64 | €0 | -€64 | -99.8% |
| Financial charges | 65/66B | €3,760 | €3,440 | -€320 | -8.5% |
| Recurring financial charges | 65 | €3,760 | €3,440 | -€320 | -8.5% |
| Profit (loss) for the period before taxes | 9903 | €99,606 | €80,365 | -€19,241 | -19.3% |
| Income taxes | 67/77 | €28,549 | €23,738 | -€4,811 | -16.9% |
| Profit (loss) for the period | 9904 | €71,056 | €56,626 | -€14,430 | -20.3% |
| Profit (loss) for the period to be appropriated | 9905 | €71,056 | €56,626 | -€14,430 | -20.3% |
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 25 October 2026 via checked.be.