K-THERAPY: 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-THERAPY
Largest movements
- Tangible fixed assets -€21,541
down €21,541 (-6.5%), from €332,167 to €310,626
- Cash +€4,465
up €4,465 (+86.1%), from €5,187 to €9,652
mainly Depreciation (+€21,543) and Net result for the year (+€7,116)
- Debts after one year -€18,986
down €18,986 (-6.7%), from €283,208 to €264,222
- Profit (loss) carried forward +€7,117
up €7,117 (+25.4%), from €28,045 to €35,162
- Other debts -€7,000
down €7,000 (-77.5%), from €9,038 to €2,038
- Gross operating margin +€7,134
up €7,134 (+23.3%), from €30,629 to €37,763
- Other operating charges -€5,122
down €5,122 (-60.0%), from €8,542 to €3,420
- Taxes +€1,124
up €1,124 (+461%), from €244 to €1,368
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 | €344,719 | €325,659 | -€19,060 | -5.5% |
| Fixed assets | 21/28 | €332,167 | €310,626 | -€21,541 | -6.5% |
| Tangible fixed assets | 22/27 | €332,167 | €310,626 | -€21,541 | -6.5% |
| Land and buildings | 22 | €262,266 | €254,962 | -€7,304 | -2.8% |
| Plant, machinery and equipment | 23 | €3,046 | €1,752 | -€1,294 | -42.5% |
| Furniture and vehicles | 24 | €4,963 | €1,985 | -€2,978 | -60.0% |
| Other tangible fixed assets | 26 | €61,892 | €51,926 | -€9,966 | -16.1% |
| Current assets | 29/58 | €12,552 | €15,034 | +€2,482 | +19.8% |
| Amounts receivable within one year | 40/41 | €5,519 | €3,632 | -€1,887 | -34.2% |
| Trade receivables | 40 | €647 | - | -€647 | |
| Other amounts receivable | 41 | €4,872 | €3,632 | -€1,240 | -25.5% |
| Cash at bank and in hand | 54/58 | €5,187 | €9,652 | +€4,465 | +86.1% |
| Deferred charges and accrued income | 490/1 | €1,846 | €1,750 | -€96 | -5.2% |
| Total equity and liabilities | 10/49 | €344,719 | €325,659 | -€19,060 | -5.5% |
| Equity | 10/15 | €33,045 | €40,162 | +€7,117 | +21.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €28,045 | €35,162 | +€7,117 | +25.4% |
| Amounts payable | 17/49 | €311,674 | €285,498 | -€26,176 | -8.4% |
| Amounts payable after more than one year | 17 | €283,208 | €264,222 | -€18,986 | -6.7% |
| Financial debts | 170/4 | €283,208 | €264,222 | -€18,986 | -6.7% |
| Amounts payable within one year | 42/48 | €28,466 | €21,276 | -€7,190 | -25.3% |
| Current portion of amounts payable after more than one year | 42 | €18,642 | €18,987 | +€345 | +1.9% |
| Trade debts | 44 | €6 | €251 | +€245 | +4,091% |
| Suppliers | 440/4 | €6 | €251 | +€245 | +4,091% |
| Taxes, remuneration and social security | 45 | €780 | - | -€780 | |
| Taxes | 450/3 | €780 | - | -€780 | |
| Other amounts payable | 47/48 | €9,038 | €2,038 | -€7,000 | -77.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,253 | €21,543 | +€290 | +1.4% |
| Other operating charges | 640/8 | €8,542 | €3,420 | -€5,122 | -60.0% |
| Gross operating margin | 9900 | €30,629 | €37,763 | +€7,134 | +23.3% |
| Operating profit (loss) | 9901 | €834 | €12,800 | +€11,966 | +1,435% |
| Financial income | 75/76B | - | €3 | +€3 | |
| Recurring financial income | 75 | - | €3 | +€3 | |
| Financial charges | 65/66B | €4,528 | €4,318 | -€210 | -4.6% |
| Recurring financial charges | 65 | €4,528 | €4,318 | -€210 | -4.6% |
| Profit (loss) for the period before taxes | 9903 | -€3,694 | €8,485 | +€12,179 | |
| Income taxes | 67/77 | €244 | €1,368 | +€1,124 | +461% |
| Profit (loss) for the period | 9904 | -€3,938 | €7,116 | +€11,054 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,938 | €7,116 | +€11,054 |
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 25 October 2026 via checked.be.