K²E³: what changed
Two fiscal 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.
K²E³
Largest movements
- Cash -€17,837
down €17,837 (-8.8%), from €202,359 to €184,523
mainly Contributions, distributions and other (-€67,554) and Tax, wage and social debts (-€4,860)
- Tangible fixed assets -€5,504
down €5,504 (-32.8%), from €16,768 to €11,264
of which Furniture and vehicles: -€2,949
- Reserves -€23,984
down €23,984 (-10.0%), from €239,666 to €215,682
of which Distributable reserves: -€23,984
- Tax, wage and social debts -€4,860
down €4,860 (-31.4%), from €15,463 to €10,604
- Gross operating margin -€5,888
down €5,888 (-8.5%), from €69,348 to €63,460
- Taxes +€4,637
up €4,637 (+45.2%), from €10,251 to €14,888
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 | €265,793 | €238,424 | -€27,369 | -10.3% |
| Fixed assets | 21/28 | €16,768 | €11,264 | -€5,504 | -32.8% |
| Tangible fixed assets | 22/27 | €16,768 | €11,264 | -€5,504 | -32.8% |
| Land and buildings | 22 | €7,928 | €6,069 | -€1,859 | -23.4% |
| Plant, machinery and equipment | 23 | €2,089 | €1,393 | -€696 | -33.3% |
| Furniture and vehicles | 24 | €6,751 | €3,802 | -€2,949 | -43.7% |
| Current assets | 29/58 | €249,025 | €227,160 | -€21,865 | -8.8% |
| Amounts receivable within one year | 40/41 | €44,488 | €42,638 | -€1,850 | -4.2% |
| Trade receivables | 40 | €43,248 | €42,638 | -€611 | -1.4% |
| Other amounts receivable | 41 | €1,239 | - | -€1,239 | |
| Cash at bank and in hand | 54/58 | €202,359 | €184,523 | -€17,837 | -8.8% |
| Deferred charges and accrued income | 490/1 | €2,178 | - | -€2,178 | |
| Total equity and liabilities | 10/49 | €265,793 | €238,424 | -€27,369 | -10.3% |
| Equity | 10/15 | €245,866 | €221,882 | -€23,984 | -9.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Outside capital | 11 | €6,200 | €6,200 | = | 0.0% |
| Other | 1109/19 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €239,666 | €215,682 | -€23,984 | -10.0% |
| 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 | €237,806 | €213,822 | -€23,984 | -10.1% |
| Amounts payable | 17/49 | €19,928 | €16,542 | -€3,385 | -17.0% |
| Amounts payable within one year | 42/48 | €19,928 | €16,542 | -€3,385 | -17.0% |
| Trade debts | 44 | €617 | €1,124 | +€507 | +82.3% |
| Suppliers | 440/4 | €617 | €1,124 | +€507 | +82.3% |
| Taxes, remuneration and social security | 45 | €15,463 | €10,604 | -€4,860 | -31.4% |
| Taxes | 450/3 | €15,463 | €10,604 | -€4,860 | -31.4% |
| Other amounts payable | 47/48 | €3,848 | €4,815 | +€967 | +25.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,749 | €4,677 | -€72 | -1.5% |
| Other operating charges | 640/8 | €535 | €550 | +€14 | +2.7% |
| Gross operating margin | 9900 | €69,348 | €63,460 | -€5,888 | -8.5% |
| Operating profit (loss) | 9901 | €64,064 | €58,234 | -€5,830 | -9.1% |
| Financial income | 75/76B | €929 | €411 | -€518 | -55.8% |
| Recurring financial income | 75 | €929 | €411 | -€518 | -55.8% |
| Financial charges | 65/66B | €50 | €186 | +€136 | +275.1% |
| Recurring financial charges | 65 | €50 | €186 | +€136 | +275.1% |
| Profit (loss) for the period before taxes | 9903 | €64,943 | €58,459 | -€6,485 | -10.0% |
| Income taxes | 67/77 | €10,251 | €14,888 | +€4,637 | +45.2% |
| Profit (loss) for the period | 9904 | €54,692 | €43,571 | -€11,121 | -20.3% |
| Profit (loss) for the period to be appropriated | 9905 | €54,692 | €43,571 | -€11,121 | -20.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.