K INVEST: what changed
You see two financial years side by side: what moved most in the balance sheet and the result, why the result rose or fell and where the money went.
K INVEST
Largest movements
- Tangible fixed assets -€31,755
down €31,755 (-16.8%), from €189,281 to €157,526
of which Land and buildings: -€18,373
- Receivables within one year +€6,050
new in 2025: €6,050
- Profit (loss) carried forward -€28,955
down €28,955 (-32.5%), from €89,168 to €60,213
- Debts after one year -€10,698
down €10,698 (-49.1%), from €21,791 to €11,093
- Other debts +€9,791
up €9,791 (+29.7%), from €32,997 to €42,788
- Tax, wage and social debts +€3,561
up €3,561 (+75.5%), from €4,716 to €8,277
of which Remuneration and social security: +€2,591
- Gross operating margin -€18,227
down €18,227 (-70.4%), from €25,882 to €7,655
- Taxes +€2,772
new in 2025: €2,772
- Depreciation +€802
up €802 (+2.6%), from €30,952 to €31,755
- Financial charges -€744
down €744 (-36.3%), from €2,048 to €1,304
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €189,988 | €164,301 | -€25,687 | -13.5% |
| Fixed assets | 21/28 | €189,281 | €157,526 | -€31,755 | -16.8% |
| Tangible fixed assets | 22/27 | €189,281 | €157,526 | -€31,755 | -16.8% |
| Land and buildings | 22 | €119,230 | €100,856 | -€18,373 | -15.4% |
| Plant, machinery and equipment | 23 | €35,884 | €33,341 | -€2,543 | -7.1% |
| Furniture and vehicles | 24 | €34,167 | €23,329 | -€10,838 | -31.7% |
| Current assets | 29/58 | €707 | €6,775 | +€6,068 | +859% |
| Amounts receivable within one year | 40/41 | - | €6,050 | +€6,050 | |
| Trade receivables | 40 | - | €6,050 | +€6,050 | |
| Cash at bank and in hand | 54/58 | €707 | €725 | +€18 | +2.5% |
| Total equity and liabilities | 10/49 | €189,988 | €164,301 | -€25,687 | -13.5% |
| Equity | 10/15 | €118,868 | €89,913 | -€28,955 | -24.4% |
| Contributions | 10/11 | €27,000 | €27,000 | = | 0.0% |
| Capital | 10 | €27,000 | €27,000 | = | 0.0% |
| Issued capital | 100 | €27,000 | €27,000 | = | 0.0% |
| Reserves | 13 | €2,700 | €2,700 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,700 | €2,700 | = | 0.0% |
| Legal reserve | 130 | €2,700 | €2,700 | = | 0.0% |
| Profit (loss) carried forward | 14 | €89,168 | €60,213 | -€28,955 | -32.5% |
| Amounts payable | 17/49 | €71,120 | €74,388 | +€3,268 | +4.6% |
| Amounts payable after more than one year | 17 | €21,791 | €11,093 | -€10,698 | -49.1% |
| Financial debts | 170/4 | €21,791 | €11,093 | -€10,698 | -49.1% |
| Amounts payable within one year | 42/48 | €49,329 | €63,295 | +€13,966 | +28.3% |
| Current portion of amounts payable after more than one year | 42 | €10,317 | €10,698 | +€381 | +3.7% |
| Trade debts | 44 | €1,299 | €1,532 | +€233 | +17.9% |
| Suppliers | 440/4 | €1,299 | €1,532 | +€233 | +17.9% |
| Taxes, remuneration and social security | 45 | €4,716 | €8,277 | +€3,561 | +75.5% |
| Taxes | 450/3 | €4,716 | €5,686 | +€970 | +20.6% |
| Remuneration and social security | 454/9 | - | €2,591 | +€2,591 | |
| Other amounts payable | 47/48 | €32,997 | €42,788 | +€9,791 | +29.7% |
| Non-recurring operating income | 76A | - | €1,936 | +€1,936 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,952 | €31,755 | +€802 | +2.6% |
| Other operating charges | 640/8 | €758 | €780 | +€21 | +2.8% |
| Gross operating margin | 9900 | €25,882 | €7,655 | -€18,227 | -70.4% |
| Operating profit (loss) | 9901 | -€5,829 | -€24,879 | -€19,050 | -327% |
| Financial charges | 65/66B | €2,048 | €1,304 | -€744 | -36.3% |
| Recurring financial charges | 65 | €2,048 | €1,304 | -€744 | -36.3% |
| Profit (loss) for the period before taxes | 9903 | -€7,877 | -€26,183 | -€18,306 | -232% |
| Income taxes | 67/77 | - | €2,772 | +€2,772 | |
| Profit (loss) for the period | 9904 | -€7,877 | -€28,955 | -€21,078 | -268% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,877 | -€28,955 | -€21,078 | -268% |
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 1 November 2026 via checked.be.