K.Improve: 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.
K.Improve
Largest movements
- Receivables within one year +€52,553
up €52,553 (+142.2%), from €36,947 to €89,500
of which Trade receivables: +€29,307
- Cash -€25,097
down €25,097 (-32.1%), from €78,290 to €53,193
mainly Receivables within one year (-€52,553) and Contributions, distributions and other (-€45,776)
- Tangible fixed assets -€5,503
down €5,503 (-40.0%), from €13,760 to €8,257
of which Furniture and vehicles: -€4,910
- Profit (loss) carried forward +€35,273
up €35,273 (+82.5%), from €42,776 to €78,049
- Tax, wage and social debts -€17,821
down €17,821 (-51.3%), from €34,734 to €16,913
of which Taxes: -€17,821
- Other debts +€5,776
up €5,776 (+14.4%), from €40,000 to €45,776
- Trade debts -€4,832
down €4,832 (-41.5%), from €11,637 to €6,805
- Short-term financial debts +€2,432
new in 2025: €2,432
- Gross operating margin +€44,050
up €44,050 (+63.8%), from €69,045 to €113,095
- Taxes +€10,096
up €10,096 (+70.3%), from €14,371 to €24,467
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 | €129,647 | €151,755 | +€22,108 | +17.1% |
| Fixed assets | 21/28 | €13,760 | €8,257 | -€5,503 | -40.0% |
| Tangible fixed assets | 22/27 | €13,760 | €8,257 | -€5,503 | -40.0% |
| Plant, machinery and equipment | 23 | €0 | €963 | +€963 | |
| Furniture and vehicles | 24 | €6,238 | €1,328 | -€4,910 | -78.7% |
| Other tangible fixed assets | 26 | €7,523 | €5,967 | -€1,556 | -20.7% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €115,886 | €143,498 | +€27,611 | +23.8% |
| Amounts receivable within one year | 40/41 | €36,947 | €89,500 | +€52,553 | +142.2% |
| Trade receivables | 40 | €35,432 | €64,740 | +€29,307 | +82.7% |
| Other amounts receivable | 41 | €1,515 | €24,761 | +€23,246 | +1534.1% |
| Cash at bank and in hand | 54/58 | €78,290 | €53,193 | -€25,097 | -32.1% |
| Deferred charges and accrued income | 490/1 | €648 | €804 | +€156 | +24.0% |
| Total equity and liabilities | 10/49 | €129,647 | €151,755 | +€22,108 | +17.1% |
| Equity | 10/15 | €43,276 | €78,549 | +€35,273 | +81.5% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €42,776 | €78,049 | +€35,273 | +82.5% |
| Amounts payable | 17/49 | €86,371 | €73,206 | -€13,165 | -15.2% |
| Amounts payable within one year | 42/48 | €86,371 | €73,206 | -€13,165 | -15.2% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | - | €2,432 | +€2,432 | |
| Credit institutions | 430/8 | - | €2,432 | +€2,432 | |
| Trade debts | 44 | €11,637 | €6,805 | -€4,832 | -41.5% |
| Suppliers | 440/4 | €11,637 | €6,805 | -€4,832 | -41.5% |
| Advances received on contracts in progress | 46 | - | €1,280 | +€1,280 | |
| Taxes, remuneration and social security | 45 | €34,734 | €16,913 | -€17,821 | -51.3% |
| Taxes | 450/3 | €34,734 | €16,913 | -€17,821 | -51.3% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €40,000 | €45,776 | +€5,776 | +14.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,771 | €6,633 | -€138 | -2.0% |
| Other operating charges | 640/8 | €592 | €604 | +€13 | +2.1% |
| Gross operating margin | 9900 | €69,045 | €113,095 | +€44,050 | +63.8% |
| Operating profit (loss) | 9901 | €61,681 | €105,857 | +€44,176 | +71.6% |
| Financial income | 75/76B | €101 | €0 | -€100 | -100.0% |
| Recurring financial income | 75 | €101 | €0 | -€100 | -100.0% |
| Financial charges | 65/66B | €825 | €341 | -€484 | -58.7% |
| Recurring financial charges | 65 | €825 | €341 | -€484 | -58.7% |
| Profit (loss) for the period before taxes | 9903 | €60,956 | €105,516 | +€44,560 | +73.1% |
| Income taxes | 67/77 | €14,371 | €24,467 | +€10,096 | +70.3% |
| Profit (loss) for the period | 9904 | €46,586 | €81,049 | +€34,463 | +74.0% |
| Profit (loss) for the period to be appropriated | 9905 | €46,586 | €81,049 | +€34,463 | +74.0% |
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 3 October 2026 via checked.be.