K FINANCE COORDINATION & SERVICES: 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
K FINANCE COORDINATION & SERVICES
NACE 70.200, Business and other management consultancy
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€8.9m
2024 · €3.6m+€5.2m
Equity
€104.0m
2024 · €113.9m-€9.9m
Cash
€1.7m
2024 · €875,335+€849,216
Balance sheet total
€133.5m
2024 · €136.5m-€3.0m
Largest movements
Assets
- Receivables after one year -€8.9m
down €8.9m (-13.9%), from €63.7m to €54.8m
- Financial fixed assets +€4.1m
up €4.1m (+5.7%), from €71.4m to €75.5m
Equity and liabilities
- Other debts +€14.2m
up €14.2m (+372%), from €3.8m to €18.0m
- Profit (loss) carried forward -€9.9m
down €9.9m (-8.9%), from €111.8m to €101.9m
- Debts after one year -€7.2m
down €7.2m (-53.6%), from €13.4m to €6.2m
Income statement
- Financial income +€5.5m
up €5.5m (+117%), from €4.8m to €10.3m
- Financial charges +€239,553
up €239,553 (+72.9%), from €328,380 to €567,933
- Taxes +€127,320
up €127,320 (+27.6%), from €460,532 to €587,852
of which Taxes: +€126,088
- Services and other goods -€75,344
down €75,344 (-4.2%), from €1.8m to €1.7m
- Turnover -€49,343
down €49,343 (-2.4%), from €2.1m to €2.0m
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
€3.6m
Turnover
-€49,343
Other operating income
+€35
Services and other goods
+€75,344
Staff costs
+€11,676
Depreciation
-€86
Other operating items
+€142
Financial income
+€5.5m
Financial charges
-€239,553
Taxes
-€127,320
Result 2025
€8.9m
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
+€31.0m
Investment
-€4.2m
Financing
-€25.9m
Cash 2024
€875,335
From operations (derived)
+€31.0m
Net result for the year
+€8.9m
Depreciation
+€86
Receivables after one year
+€8.9m
Receivables within one year
-€85,014
Deferred charges and accrued income
-€736,344
Smaller working-capital items
+€21,121
Tax, wage and social debts
-€167,063
Other debts
+€14.2m
Investment (derived)
-€4.2m
Investment in fixed assets (net)
-€4.2m
Financing
-€25.9m
Debts after one year
-€7.2m
Contributions, distributions and other
-€18.8m
Cash 2025
€1.7m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €136,544,603 | €133,532,085 | -€3.0m | -2.2% |
| Fixed assets | 21/28 | €71,429,839 | €75,606,748 | +€4.2m | +5.8% |
| Tangible fixed assets | 22/27 | - | €94,303 | +€94,303 | |
| Furniture and vehicles | 24 | - | €94,303 | +€94,303 | |
| Financial fixed assets | 28 | €71,429,839 | €75,512,445 | +€4.1m | +5.7% |
| Affiliated companies | 280/1 | €40,145,663 | €41,077,494 | +€931,831 | +2.3% |
| Participating interests | 280 | €40,145,663 | €41,077,494 | +€931,831 | +2.3% |
| Companies linked by participating interests | 282/3 | €20,212,511 | €21,876,067 | +€1.7m | +8.2% |
| Participating interests | 282 | €20,212,511 | €21,876,067 | +€1.7m | +8.2% |
| Other financial fixed assets | 284/8 | €11,071,665 | €12,558,884 | +€1.5m | +13.4% |
| Shares | 284 | €11,071,523 | €12,558,741 | +€1.5m | +13.4% |
| Amounts receivable and cash guarantees | 285/8 | €142 | €142 | = | 0.0% |
| Current assets | 29/58 | €65,114,764 | €57,925,338 | -€7.2m | -11.0% |
| Amounts receivable after more than one year | 29 | €63,685,000 | €54,825,000 | -€8.9m | -13.9% |
| Other amounts receivable | 291 | €63,685,000 | €54,825,000 | -€8.9m | -13.9% |
| Amounts receivable within one year | 40/41 | €193,518 | €278,532 | +€85,014 | +43.9% |
| Trade receivables | 40 | €323 | €66,096 | +€65,773 | +20,374% |
| Other amounts receivable | 41 | €193,195 | €212,436 | +€19,240 | +10.0% |
| Cash at bank and in hand | 54/58 | €875,335 | €1,724,550 | +€849,216 | +97.0% |
| Deferred charges and accrued income | 490/1 | €360,911 | €1,097,255 | +€736,344 | +204% |
| Total equity and liabilities | 10/49 | €136,544,603 | €133,532,085 | -€3.0m | -2.2% |
| Equity | 10/15 | €113,911,240 | €103,980,113 | -€9.9m | -8.7% |
| Contributions | 10/11 | €644,822 | €644,822 | = | 0.0% |
| Capital | 10 | €635,000 | €635,000 | = | 0.0% |
| Issued capital | 100 | €635,000 | €635,000 | = | 0.0% |
| Contributions outside capital | 11 | €9,822 | €9,822 | = | 0.0% |
| Share premium | 1100/10 | €9,822 | €9,822 | = | 0.0% |
| Reserves | 13 | €1,465,430 | €1,465,430 | = | 0.0% |
| Non-distributable reserves | 130/1 | €63,500 | €63,500 | = | 0.0% |
| Legal reserve | 130 | €63,500 | €63,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,401,930 | €1,401,930 | = | 0.0% |
| Profit (loss) carried forward | 14 | €111,800,988 | €101,869,862 | -€9.9m | -8.9% |
| Amounts payable | 17/49 | €22,633,364 | €29,551,972 | +€6.9m | +30.6% |
| Amounts payable after more than one year | 17 | €13,350,000 | €6,200,000 | -€7.2m | -53.6% |
| Other amounts payable | 178/9 | €13,350,000 | €6,200,000 | -€7.2m | -53.6% |
| Amounts payable within one year | 42/48 | €9,271,355 | €23,343,548 | +€14.1m | +152% |
| Financial debts | 43 | €5,000,000 | €5,000,000 | = | 0.0% |
| Credit institutions | 430/8 | €5,000,000 | €5,000,000 | = | 0.0% |
| Trade debts | 44 | €88,966 | €113,672 | +€24,706 | +27.8% |
| Suppliers | 440/4 | €88,966 | €113,672 | +€24,706 | +27.8% |
| Taxes, remuneration and social security | 45 | €360,765 | €193,702 | -€167,063 | -46.3% |
| Taxes | 450/3 | €292,777 | €129,439 | -€163,338 | -55.8% |
| Remuneration and social security | 454/9 | €67,988 | €64,263 | -€3,725 | -5.5% |
| Other amounts payable | 47/48 | €3,821,624 | €18,036,174 | +€14.2m | +372% |
| Accrued charges and deferred income | 492/3 | €12,008 | €8,424 | -€3,585 | -29.9% |
| Operating income | 70/76A | €2,095,954 | €2,046,646 | -€49,308 | -2.4% |
| Turnover | 70 | €2,095,954 | €2,046,611 | -€49,343 | -2.4% |
| Other operating income | 74 | - | €35 | +€35 | |
| Operating charges | 60/66A | €2,424,311 | €2,337,235 | -€87,075 | -3.6% |
| Goods for resale, raw materials and consumables | 60 | €0 | €0 | = | |
| Change in stocks: decrease (increase) | 609 | €0 | €0 | = | |
| Services and other goods | 61 | €1,796,750 | €1,721,407 | -€75,344 | -4.2% |
| Remuneration, social security and pensions | 62 | €627,419 | €615,743 | -€11,676 | -1.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €86 | +€86 | |
| Non-recurring operating charges | 66A | €142 | - | -€142 | |
| Operating profit (loss) | 9901 | -€328,357 | -€290,590 | +€37,767 | +11.5% |
| Financial income | 75/76B | €4,757,225 | €10,301,423 | +€5.5m | +117% |
| Recurring financial income | 75 | €4,757,225 | €10,301,423 | +€5.5m | +117% |
| Income from financial fixed assets | 750 | €2,622,811 | €8,207,613 | +€5.6m | +213% |
| Income from current assets | 751 | €2,102,534 | €2,067,230 | -€35,305 | -1.7% |
| Other financial income | 752/9 | €31,880 | €26,580 | -€5,299 | -16.6% |
| Financial charges | 65/66B | €328,380 | €567,933 | +€239,553 | +72.9% |
| Recurring financial charges | 65 | €328,380 | €567,933 | +€239,553 | +72.9% |
| Debt charges | 650 | €278,554 | €516,445 | +€237,891 | +85.4% |
| Other financial charges | 652/9 | €49,826 | €51,489 | +€1,662 | +3.3% |
| Profit (loss) for the period before taxes | 9903 | €4,100,488 | €9,442,900 | +€5.3m | +130% |
| Income taxes | 67/77 | €460,532 | €587,852 | +€127,320 | +27.6% |
| Taxes | 670/3 | €593,697 | €719,785 | +€126,088 | +21.2% |
| Tax adjustments and reversals of tax provisions | 77 | €133,166 | €131,933 | -€1,233 | -0.9% |
| Profit (loss) for the period | 9904 | €3,639,956 | €8,855,048 | +€5.2m | +143% |
| Transfer to tax-exempt reserves | 689 | €770,430 | - | -€770,430 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,869,526 | €8,855,048 | +€6.0m | +209% |
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 29 October 2026 via checked.be.