'K Invest: what changed
What changed
'K Invest
NACE 68.310, Real estate agency activities
filed annual accounts (NBB)
Net result for the year
€10,798
2024 · €62,729-€51,931
Equity
€302,059
2024 · €291,261+€10,798
Cash
€7,667
2024 · €95,827-€88,160
Balance sheet total
€977,765
2024 · €1.1m-€99,907
Largest movements
Assets
- Cash -€88,160
down €88,160 (-92.0%), from €95,827 to €7,667
mainly Debts after one year (-€93,847) and Advances received (-€18,150)
Equity and liabilities
- Debts after one year -€93,847
down €93,847 (-14.2%), from €659,682 to €565,834
- Advances received -€18,150
down €18,150 (-100%), from €18,150 to €0
- Reserves +€10,798
up €10,798 (+3.7%), from €290,261 to €301,059
Income statement
- Gross operating margin -€64,605
down €64,605 (-66.9%), from €96,591 to €31,986
- Taxes -€12,802
down €12,802 (-79.1%), from €16,190 to €3,388
- Financial charges -€2,112
down €2,112 (-15.0%), from €14,115 to €12,004
- Financial income -€1,648
down €1,648 (-100%), from €1,648 to €0
- Other operating charges +€1,096
up €1,096 (+77.0%), from €1,422 to €2,518
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€62,729
Gross operating margin
-€64,605
Depreciation
+€503
Other operating charges
-€1,096
Financial income
-€1,648
Financial charges
+€2,112
Taxes
+€12,802
Result 2025
€10,798
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€5,620
Investment
€0
Financing
-€93,780
Cash 2024
€95,827
From operations (derived)
+€5,620
Net result for the year
+€10,798
Depreciation
+€3,279
Receivables within one year
+€9,128
Deferred charges and accrued income
-€660
Trade debts
-€1,787
Tax, wage and social debts
+€3,255
Advances received
-€18,150
Other debts
-€243
Financing
-€93,780
Debts after one year
-€93,847
Current portion of long-term debt
+€67
Cash 2025
€7,667
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,077,673 | €977,765 | -€99,907 | -9.3% |
| Fixed assets | 21/28 | €953,760 | €950,481 | -€3,279 | -0.3% |
| Tangible fixed assets | 22/27 | €93,760 | €90,481 | -€3,279 | -3.5% |
| Land and buildings | 22 | €91,819 | €89,243 | -€2,576 | -2.8% |
| Furniture and vehicles | 24 | €1,941 | €1,238 | -€703 | -36.2% |
| Financial fixed assets | 28 | €860,000 | €860,000 | = | 0.0% |
| Current assets | 29/58 | €123,913 | €27,284 | -€96,628 | -78.0% |
| Amounts receivable within one year | 40/41 | €27,490 | €18,362 | -€9,128 | -33.2% |
| Trade receivables | 40 | €18,681 | €18,150 | -€531 | -2.8% |
| Other amounts receivable | 41 | €8,810 | €212 | -€8,598 | -97.6% |
| Cash at bank and in hand | 54/58 | €95,827 | €7,667 | -€88,160 | -92.0% |
| Deferred charges and accrued income | 490/1 | €595 | €1,255 | +€660 | +111% |
| Total equity and liabilities | 10/49 | €1,077,673 | €977,765 | -€99,907 | -9.3% |
| Equity | 10/15 | €291,261 | €302,059 | +€10,798 | +3.7% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €290,261 | €301,059 | +€10,798 | +3.7% |
| Distributable reserves | 133 | €290,261 | €301,059 | +€10,798 | +3.7% |
| Amounts payable | 17/49 | €786,411 | €675,706 | -€110,705 | -14.1% |
| Amounts payable after more than one year | 17 | €659,682 | €565,834 | -€93,847 | -14.2% |
| Financial debts | 170/4 | €659,682 | €565,834 | -€93,847 | -14.2% |
| Amounts payable within one year | 42/48 | €126,729 | €109,872 | -€16,858 | -13.3% |
| Current portion of amounts payable after more than one year | 42 | €93,780 | €93,847 | +€67 | +0.1% |
| Trade debts | 44 | €3,028 | €1,241 | -€1,787 | -59.0% |
| Suppliers | 440/4 | €3,028 | €1,241 | -€1,787 | -59.0% |
| Advances received on contracts in progress | 46 | €18,150 | €0 | -€18,150 | -100% |
| Taxes, remuneration and social security | 45 | €9,088 | €12,343 | +€3,255 | +35.8% |
| Taxes | 450/3 | €2,536 | €6,133 | +€3,597 | +142% |
| Remuneration and social security | 454/9 | €6,552 | €6,210 | -€342 | -5.2% |
| Other amounts payable | 47/48 | €2,684 | €2,440 | -€243 | -9.1% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,782 | €3,279 | -€503 | -13.3% |
| Other operating charges | 640/8 | €1,422 | €2,518 | +€1,096 | +77.0% |
| Gross operating margin | 9900 | €96,591 | €31,986 | -€64,605 | -66.9% |
| Operating profit (loss) | 9901 | €91,386 | €26,189 | -€65,197 | -71.3% |
| Financial income | 75/76B | €1,648 | €0 | -€1,648 | -100% |
| Recurring financial income | 75 | €1,648 | €0 | -€1,648 | -100% |
| Financial charges | 65/66B | €14,115 | €12,004 | -€2,112 | -15.0% |
| Recurring financial charges | 65 | €14,115 | €12,004 | -€2,112 | -15.0% |
| Profit (loss) for the period before taxes | 9903 | €78,919 | €14,186 | -€64,734 | -82.0% |
| Income taxes | 67/77 | €16,190 | €3,388 | -€12,802 | -79.1% |
| Profit (loss) for the period | 9904 | €62,729 | €10,798 | -€51,931 | -82.8% |
| Profit (loss) for the period to be appropriated | 9905 | €62,729 | €10,798 | -€51,931 | -82.8% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.