2KLF Invest: what changed
2KLF Invest
Largest movements
- Tangible fixed assets +€97,151
up €97,151 (+18.9%), from €512,927 to €610,078
of which Furniture and vehicles: +€107,796
- Cash -€25,556
down €25,556 (-53.6%), from €47,657 to €22,101
mainly Investment in fixed assets (net) (-€127,000) and Debts after one year (-€29,545)
- Reserves +€98,653
up €98,653 (+72.6%), from €135,956 to €234,609
of which Distributable reserves: +€98,653
- Debts after one year -€29,545
down €29,545 (-18.1%), from €162,967 to €133,422
- Trade debts +€7,823
up €7,823 (+33.9%), from €23,103 to €30,926
- Gross operating margin +€35,545
up €35,545 (+25.3%), from €140,761 to €176,305
- Depreciation +€18,204
up €18,204 (+156%), from €11,645 to €29,849
- Financial charges -€4,404
down €4,404 (-63.8%), from €6,907 to €2,504
- Taxes +€4,022
up €4,022 (+10.6%), from €38,034 to €42,056
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €638,555 | €709,273 | +€70,718 | +11.1% |
| Fixed assets | 21/28 | €527,927 | €625,078 | +€97,151 | +18.4% |
| Tangible fixed assets | 22/27 | €512,927 | €610,078 | +€97,151 | +18.9% |
| Land and buildings | 22 | €510,485 | €500,140 | -€10,345 | -2.0% |
| Plant, machinery and equipment | 23 | €2,374 | €2,074 | -€300 | -12.6% |
| Furniture and vehicles | 24 | €69 | €107,864 | +€107,796 | +157,297% |
| Financial fixed assets | 28 | €15,000 | €15,000 | = | 0.0% |
| Current assets | 29/58 | €110,628 | €84,195 | -€26,433 | -23.9% |
| Amounts receivable within one year | 40/41 | €62,287 | €60,944 | -€1,343 | -2.2% |
| Trade receivables | 40 | €61,851 | €60,875 | -€976 | -1.6% |
| Other amounts receivable | 41 | €436 | €69 | -€367 | -84.1% |
| Cash at bank and in hand | 54/58 | €47,657 | €22,101 | -€25,556 | -53.6% |
| Deferred charges and accrued income | 490/1 | €684 | €1,150 | +€466 | +68.2% |
| Total equity and liabilities | 10/49 | €638,555 | €709,273 | +€70,718 | +11.1% |
| Equity | 10/15 | €142,156 | €240,809 | +€98,653 | +69.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €135,956 | €234,609 | +€98,653 | +72.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €134,096 | €232,749 | +€98,653 | +73.6% |
| Amounts payable | 17/49 | €496,399 | €468,464 | -€27,935 | -5.6% |
| Amounts payable after more than one year | 17 | €162,967 | €133,422 | -€29,545 | -18.1% |
| Financial debts | 170/4 | €162,967 | €133,422 | -€29,545 | -18.1% |
| Amounts payable within one year | 42/48 | €333,433 | €335,042 | +€1,610 | +0.5% |
| Current portion of amounts payable after more than one year | 42 | €30,085 | €30,036 | -€49 | -0.2% |
| Trade debts | 44 | €23,103 | €30,926 | +€7,823 | +33.9% |
| Suppliers | 440/4 | €23,103 | €30,926 | +€7,823 | +33.9% |
| Taxes, remuneration and social security | 45 | €18,883 | €12,283 | -€6,600 | -35.0% |
| Taxes | 450/3 | €18,883 | €12,283 | -€6,600 | -35.0% |
| Other amounts payable | 47/48 | €261,362 | €261,798 | +€436 | +0.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,645 | €29,849 | +€18,204 | +156% |
| Other operating charges | 640/8 | €4,464 | €3,243 | -€1,220 | -27.3% |
| Gross operating margin | 9900 | €140,761 | €176,305 | +€35,545 | +25.3% |
| Operating profit (loss) | 9901 | €124,652 | €143,213 | +€18,560 | +14.9% |
| Financial income | 75/76B | €0 | €0 | +€0 | +3,600% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +3,600% |
| Financial charges | 65/66B | €6,907 | €2,504 | -€4,404 | -63.8% |
| Recurring financial charges | 65 | €6,907 | €2,504 | -€4,404 | -63.8% |
| Profit (loss) for the period before taxes | 9903 | €117,745 | €140,709 | +€22,965 | +19.5% |
| Income taxes | 67/77 | €38,034 | €42,056 | +€4,022 | +10.6% |
| Profit (loss) for the period | 9904 | €79,711 | €98,653 | +€18,942 | +23.8% |
| Profit (loss) for the period to be appropriated | 9905 | €79,711 | €98,653 | +€18,942 | +23.8% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.