K+: 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+
Largest movements
- Cash -€24,767
down €24,767 (-81.8%), from €30,283 to €5,516
mainly Other debts (-€14,418) and Deferred charges and accrued income (-€10,303)
- Deferred charges and accrued income +€10,303
up €10,303 (+152.3%), from €6,766 to €17,068
- Receivables within one year +€3,112
up €3,112 (+81.5%), from €3,818 to €6,929
of which Other amounts receivable: +€3,977
- Tangible fixed assets -€1,110
down €1,110 (-2.2%), from €50,182 to €49,072
of which Land and buildings: -€3,533
- Other debts -€14,418
no longer reported in 2025 (was €14,418)
- Reserves +€4,697
up €4,697 (+10.8%), from €43,402 to €48,100
- Tax, wage and social debts -€2,971
down €2,971 (-22.7%), from €13,089 to €10,118
- Gross operating margin -€13,036
down €13,036 (-38.8%), from €33,564 to €20,527
- Taxes -€3,445
down €3,445 (-49.6%), from €6,945 to €3,500
- Depreciation -€488
down €488 (-5.5%), from €8,895 to €8,407
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.
Cash bridge derived
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 | €91,049 | €78,586 | -€12,463 | -13.7% |
| Fixed assets | 21/28 | €50,182 | €49,072 | -€1,110 | -2.2% |
| Tangible fixed assets | 22/27 | €50,182 | €49,072 | -€1,110 | -2.2% |
| Land and buildings | 22 | €50,182 | €46,649 | -€3,533 | -7.0% |
| Furniture and vehicles | 24 | - | €2,423 | +€2,423 | |
| Current assets | 29/58 | €40,867 | €29,514 | -€11,353 | -27.8% |
| Amounts receivable within one year | 40/41 | €3,818 | €6,929 | +€3,112 | +81.5% |
| Trade receivables | 40 | €3,818 | €2,952 | -€866 | -22.7% |
| Other amounts receivable | 41 | - | €3,977 | +€3,977 | |
| Cash at bank and in hand | 54/58 | €30,283 | €5,516 | -€24,767 | -81.8% |
| Deferred charges and accrued income | 490/1 | €6,766 | €17,068 | +€10,303 | +152.3% |
| Total equity and liabilities | 10/49 | €91,049 | €78,586 | -€12,463 | -13.7% |
| Equity | 10/15 | €63,402 | €68,100 | +€4,697 | +7.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €43,402 | €48,100 | +€4,697 | +10.8% |
| Distributable reserves | 133 | €43,402 | €48,100 | +€4,697 | +10.8% |
| Amounts payable | 17/49 | €27,646 | €10,486 | -€17,160 | -62.1% |
| Amounts payable within one year | 42/48 | €27,646 | €10,486 | -€17,160 | -62.1% |
| Trade debts | 44 | €139 | €368 | +€229 | +164.5% |
| Suppliers | 440/4 | €139 | €368 | +€229 | +164.5% |
| Taxes, remuneration and social security | 45 | €13,089 | €10,118 | -€2,971 | -22.7% |
| Taxes | 450/3 | €13,089 | €10,118 | -€2,971 | -22.7% |
| Other amounts payable | 47/48 | €14,418 | - | -€14,418 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,895 | €8,407 | -€488 | -5.5% |
| Other operating charges | 640/8 | €3,389 | €3,637 | +€248 | +7.3% |
| Gross operating margin | 9900 | €33,564 | €20,527 | -€13,036 | -38.8% |
| Operating profit (loss) | 9901 | €21,279 | €8,483 | -€12,796 | -60.1% |
| Financial income | 75/76B | €21 | €109 | +€88 | +428.9% |
| Recurring financial income | 75 | €21 | €109 | +€88 | +428.9% |
| Financial charges | 65/66B | €377 | €395 | +€18 | +4.8% |
| Recurring financial charges | 65 | €377 | €395 | +€18 | +4.8% |
| Profit (loss) for the period before taxes | 9903 | €20,923 | €8,197 | -€12,726 | -60.8% |
| Income taxes | 67/77 | €6,945 | €3,500 | -€3,445 | -49.6% |
| Profit (loss) for the period | 9904 | €13,978 | €4,697 | -€9,280 | -66.4% |
| Profit (loss) for the period to be appropriated | 9905 | €13,978 | €4,697 | -€9,280 | -66.4% |
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 9 October 2026 via checked.be.