BK INVEST: 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.
What changed
BK INVEST
NACE 70.200, Business and other management consultancy
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€451,936
2024 · €310,422+€141,514
Equity
€3.7m
2024 · €3.5m+€211,936
Cash
€955,769
2024 · €399,539+€556,229
Balance sheet total
€9.3m
2024 · €8.9m+€426,787
Largest movements
Assets
- Cash +€556,229
up €556,229 (+139%), from €399,539 to €955,769
mainly Net result for the year (+€451,936) and Depreciation (+€244,603)
- Tangible fixed assets -€244,603
down €244,603 (-8.1%), from €3.0m to €2.8m
Equity and liabilities
- Reserves +€211,936
up €211,936 (+15.7%), from €1.3m to €1.6m
of which Distributable reserves: +€189,339
- Other debts +€170,795
up €170,795 (+8.2%), from €2.1m to €2.3m
Income statement
- Gross operating margin +€207,084
up €207,084 (+21.2%), from €976,591 to €1.2m
- Taxes +€56,981
up €56,981 (+185%), from €30,806 to €87,787
- Staff costs +€18,442
up €18,442 (+17.4%), from €105,781 to €124,223
- Provisions +€16,260
up €16,260, from -€16,260 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.
Result 2024
€310,422
Gross operating margin
+€207,084
Staff costs
-€18,442
Depreciation
+€899
Provisions
-€16,260
Other operating charges
-€4,616
Other operating items
+€27,583
Financial income
+€1,350
Financial charges
+€896
Taxes
-€56,981
Result 2025
€451,936
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€796,229
Investment
€0
Financing
-€240,000
Cash 2024
€399,539
From operations (derived)
+€796,229
Net result for the year
+€451,936
Depreciation
+€244,603
Receivables after one year
-€50,000
Receivables within one year
-€18,514
Deferred charges and accrued income
-€46,648
Trade debts
-€27,418
Tax, wage and social debts
-€2,584
Other debts
+€170,795
Accrued charges and deferred income
+€74,058
Financing
-€240,000
Contributions, distributions and other
-€240,000
Cash 2025
€955,769
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €8,904,001 | €9,330,788 | +€426,787 | +4.8% |
| Fixed assets | 21/28 | €6,107,108 | €5,862,505 | -€244,603 | -4.0% |
| Tangible fixed assets | 22/27 | €3,010,533 | €2,765,930 | -€244,603 | -8.1% |
| Land and buildings | 22 | €3,010,533 | €2,765,930 | -€244,603 | -8.1% |
| Financial fixed assets | 28 | €3,096,575 | €3,096,575 | = | 0.0% |
| Current assets | 29/58 | €2,796,893 | €3,468,284 | +€671,391 | +24.0% |
| Amounts receivable after more than one year | 29 | €1,250,000 | €1,300,000 | +€50,000 | +4.0% |
| Other amounts receivable | 291 | €1,250,000 | €1,300,000 | +€50,000 | +4.0% |
| Amounts receivable within one year | 40/41 | €1,147,217 | €1,165,731 | +€18,514 | +1.6% |
| Trade receivables | 40 | €850,699 | €854,395 | +€3,696 | +0.4% |
| Other amounts receivable | 41 | €296,518 | €311,336 | +€14,818 | +5.0% |
| Cash at bank and in hand | 54/58 | €399,539 | €955,769 | +€556,229 | +139% |
| Deferred charges and accrued income | 490/1 | €137 | €46,784 | +€46,648 | +34,146% |
| Total equity and liabilities | 10/49 | €8,904,001 | €9,330,788 | +€426,787 | +4.8% |
| Equity | 10/15 | €3,462,795 | €3,674,731 | +€211,936 | +6.1% |
| Contributions | 10/11 | €2,113,500 | €2,113,500 | = | 0.0% |
| Capital | 10 | €2,113,500 | €2,113,500 | = | 0.0% |
| Issued capital | 100 | €2,113,500 | €2,113,500 | = | 0.0% |
| Reserves | 13 | €1,349,295 | €1,561,231 | +€211,936 | +15.7% |
| Non-distributable reserves | 130/1 | €94,065 | €116,662 | +€22,597 | +24.0% |
| Legal reserve | 130 | €94,065 | €116,662 | +€22,597 | +24.0% |
| Distributable reserves | 133 | €1,255,230 | €1,444,569 | +€189,339 | +15.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €0 | - | = | |
| Provisions for liabilities and charges | 160/5 | €0 | - | = | |
| Pensions and similar obligations | 160 | €0 | - | = | |
| Amounts payable | 17/49 | €5,441,206 | €5,656,057 | +€214,851 | +3.9% |
| Amounts payable after more than one year | 17 | €2,800,000 | €2,800,000 | = | 0.0% |
| Financial debts | 170/4 | €2,800,000 | €2,800,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €2,468,060 | €2,608,853 | +€140,793 | +5.7% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €237,429 | €210,011 | -€27,418 | -11.5% |
| Suppliers | 440/4 | €237,429 | €210,011 | -€27,418 | -11.5% |
| Taxes, remuneration and social security | 45 | €138,942 | €136,359 | -€2,584 | -1.9% |
| Taxes | 450/3 | €129,302 | €115,497 | -€13,805 | -10.7% |
| Remuneration and social security | 454/9 | €9,640 | €20,861 | +€11,221 | +116% |
| Other amounts payable | 47/48 | €2,091,688 | €2,262,483 | +€170,795 | +8.2% |
| Accrued charges and deferred income | 492/3 | €173,146 | €247,205 | +€74,058 | +42.8% |
| Remuneration, social security and pensions | 62 | €105,781 | €124,223 | +€18,442 | +17.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €245,503 | €244,603 | -€899 | -0.4% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€16,260 | €0 | +€16,260 | |
| Other operating charges | 640/8 | €41,785 | €46,401 | +€4,616 | +11.0% |
| Non-recurring operating charges | 66A | €27,583 | €0 | -€27,583 | -100% |
| Gross operating margin | 9900 | €976,591 | €1,183,675 | +€207,084 | +21.2% |
| Operating profit (loss) | 9901 | €572,199 | €768,448 | +€196,248 | +34.3% |
| Financial income | 75/76B | €17,276 | €18,627 | +€1,350 | +7.8% |
| Recurring financial income | 75 | €17,276 | €18,627 | +€1,350 | +7.8% |
| Financial charges | 65/66B | €248,247 | €247,352 | -€896 | -0.4% |
| Recurring financial charges | 65 | €248,247 | €247,352 | -€896 | -0.4% |
| Profit (loss) for the period before taxes | 9903 | €341,229 | €539,723 | +€198,494 | +58.2% |
| Income taxes | 67/77 | €30,806 | €87,787 | +€56,981 | +185% |
| Profit (loss) for the period | 9904 | €310,422 | €451,936 | +€141,514 | +45.6% |
| Profit (loss) for the period to be appropriated | 9905 | €310,422 | €451,936 | +€141,514 | +45.6% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.