K MANAGEMENT: 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 MANAGEMENT
Largest movements
- Current investments +€35,555
up €35,555 (+29.1%), from €122,340 to €157,895
- Cash +€12,825
up €12,825 (+29.9%), from €42,865 to €55,690
mainly Net result for the year (+€64,832) and Deferred charges and accrued income (+€2,181)
- Receivables within one year +€4,653
up €4,653 (+23.2%), from €20,031 to €24,684
of which Trade receivables: +€4,719
- Profit (loss) carried forward +€64,832
up €64,832 (+43.7%), from €148,313 to €213,145
- Tax, wage and social debts -€13,875
down €13,875 (-38.4%), from €36,124 to €22,250
of which Taxes: -€13,994
- Gross operating margin +€80,156
up €80,156 (+182.7%), from €43,869 to €124,025
- Taxes +€16,546
up €16,546 (+1385.0%), from €1,195 to €17,740
- Staff costs +€3,523
up €3,523 (+8.8%), from €40,206 to €43,729
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €190,449 | €240,664 | +€50,214 | +26.4% |
| Formation expenses | 20 | €930 | €458 | -€472 | -50.7% |
| Fixed assets | 21/28 | €886 | €720 | -€166 | -18.7% |
| Tangible fixed assets | 22/27 | €886 | €720 | -€166 | -18.7% |
| Furniture and vehicles | 24 | €886 | €720 | -€166 | -18.7% |
| Current assets | 29/58 | €188,634 | €239,485 | +€50,852 | +27.0% |
| Amounts receivable within one year | 40/41 | €20,031 | €24,684 | +€4,653 | +23.2% |
| Trade receivables | 40 | €19,965 | €24,684 | +€4,719 | +23.6% |
| Other amounts receivable | 41 | €66 | - | -€66 | |
| Current investments | 50/53 | €122,340 | €157,895 | +€35,555 | +29.1% |
| Cash at bank and in hand | 54/58 | €42,865 | €55,690 | +€12,825 | +29.9% |
| Deferred charges and accrued income | 490/1 | €3,398 | €1,217 | -€2,181 | -64.2% |
| Total equity and liabilities | 10/49 | €190,449 | €240,664 | +€50,214 | +26.4% |
| Equity | 10/15 | €153,313 | €218,145 | +€64,832 | +42.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €148,313 | €213,145 | +€64,832 | +43.7% |
| Amounts payable | 17/49 | €37,136 | €22,518 | -€14,618 | -39.4% |
| Amounts payable within one year | 42/48 | €37,031 | €22,405 | -€14,626 | -39.5% |
| Trade debts | 44 | €397 | €115 | -€282 | -71.0% |
| Suppliers | 440/4 | €397 | €115 | -€282 | -71.0% |
| Taxes, remuneration and social security | 45 | €36,124 | €22,250 | -€13,875 | -38.4% |
| Taxes | 450/3 | €28,074 | €14,080 | -€13,994 | -49.8% |
| Remuneration and social security | 454/9 | €8,050 | €8,170 | +€120 | +1.5% |
| Other amounts payable | 47/48 | €510 | €41 | -€469 | -92.0% |
| Accrued charges and deferred income | 492/3 | €105 | €113 | +€8 | +7.3% |
| Remuneration, social security and pensions | 62 | €40,206 | €43,729 | +€3,523 | +8.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,656 | €1,182 | -€474 | -28.6% |
| Other operating charges | 640/8 | €384 | €387 | +€3 | +0.8% |
| Gross operating margin | 9900 | €43,869 | €124,025 | +€80,156 | +182.7% |
| Operating profit (loss) | 9901 | €1,623 | €78,727 | +€77,104 | +4751.8% |
| Financial income | 75/76B | €4,296 | €4,601 | +€305 | +7.1% |
| Recurring financial income | 75 | €4,296 | €4,601 | +€305 | +7.1% |
| Financial charges | 65/66B | €876 | €755 | -€120 | -13.7% |
| Recurring financial charges | 65 | €876 | €755 | -€120 | -13.7% |
| Profit (loss) for the period before taxes | 9903 | €5,043 | €82,573 | +€77,529 | +1537.2% |
| Income taxes | 67/77 | €1,195 | €17,740 | +€16,546 | +1385.0% |
| Profit (loss) for the period | 9904 | €3,849 | €64,832 | +€60,983 | +1584.5% |
| Profit (loss) for the period to be appropriated | 9905 | €3,849 | €64,832 | +€60,983 | +1584.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.