K-Imvest: 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-Imvest
Largest movements
- Cash -€341,605
down €341,605 (-99.0%), from €345,026 to €3,421
mainly Other debts (-€495,850) and Trade debts (-€47,061)
- Stocks and contracts -€202,668
down €202,668 (-32.6%), from €621,503 to €418,835
- Other debts -€495,850
down €495,850 (-54.3%), from €912,362 to €416,512
- Trade debts -€47,061
down €47,061 (-96.3%), from €48,873 to €1,812
- Gross operating margin +€90,250
up €90,250, from -€82,371 to €7,879
- Other operating charges +€3,474
up €3,474 (+799%), from €435 to €3,908
- Depreciation -€888
down €888 (-24.9%), from €3,558 to €2,671
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €978,674 | €436,941 | -€541,733 | -55.4% |
| Fixed assets | 21/28 | €11,688 | €5,436 | -€6,252 | -53.5% |
| Tangible fixed assets | 22/27 | €11,688 | €5,436 | -€6,252 | -53.5% |
| Plant, machinery and equipment | 23 | €8,107 | €5,436 | -€2,671 | -32.9% |
| Furniture and vehicles | 24 | €3,581 | €0 | -€3,581 | -100% |
| Current assets | 29/58 | €966,986 | €431,505 | -€535,481 | -55.4% |
| Stocks and contracts in progress | 3 | €621,503 | €418,835 | -€202,668 | -32.6% |
| Stocks | 30/36 | €621,503 | €418,835 | -€202,668 | -32.6% |
| Amounts receivable within one year | 40/41 | - | €8,766 | +€8,766 | |
| Trade receivables | 40 | - | €8,766 | +€8,766 | |
| Cash at bank and in hand | 54/58 | €345,026 | €3,421 | -€341,605 | -99.0% |
| Deferred charges and accrued income | 490/1 | €456 | €482 | +€25 | +5.5% |
| Total equity and liabilities | 10/49 | €978,674 | €436,941 | -€541,733 | -55.4% |
| Equity | 10/15 | €16,337 | €17,487 | +€1,149 | +7.0% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€8,663 | -€7,513 | +€1,149 | +13.3% |
| Amounts payable | 17/49 | €962,337 | €419,454 | -€542,883 | -56.4% |
| Amounts payable within one year | 42/48 | €962,337 | €419,454 | -€542,883 | -56.4% |
| Trade debts | 44 | €48,873 | €1,812 | -€47,061 | -96.3% |
| Suppliers | 440/4 | €48,873 | €1,812 | -€47,061 | -96.3% |
| Taxes, remuneration and social security | 45 | €1,102 | €1,131 | +€29 | +2.6% |
| Taxes | 450/3 | €1,102 | €1,131 | +€29 | +2.6% |
| Other amounts payable | 47/48 | €912,362 | €416,512 | -€495,850 | -54.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,558 | €2,671 | -€888 | -24.9% |
| Other operating charges | 640/8 | €435 | €3,908 | +€3,474 | +799% |
| Gross operating margin | 9900 | -€82,371 | €7,879 | +€90,250 | |
| Operating profit (loss) | 9901 | -€86,365 | €1,299 | +€87,664 | |
| Financial charges | 65/66B | €187 | €150 | -€37 | -20.0% |
| Recurring financial charges | 65 | €187 | €150 | -€37 | -20.0% |
| Profit (loss) for the period before taxes | 9903 | -€86,552 | €1,149 | +€87,701 | |
| Profit (loss) for the period | 9904 | -€86,552 | €1,149 | +€87,701 | |
| Profit (loss) for the period to be appropriated | 9905 | -€86,552 | €1,149 | +€87,701 |
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 24 October 2026 via checked.be.