K-Time: 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-Time
Largest movements
- Current investments +€53,078
up €53,078 (+156%), from €34,122 to €87,200
- Cash -€21,162
down €21,162 (-46.5%), from €45,530 to €24,368
mainly Current investments (-€53,078) and Debts after one year (-€13,445)
- Receivables within one year -€13,969
down €13,969 (-43.4%), from €32,165 to €18,196
of which Trade receivables: -€10,097
- Tangible fixed assets -€9,755
down €9,755 (-27.6%), from €35,289 to €25,534
- Reserves +€19,400
up €19,400 (+18.2%), from €106,543 to €125,943
- Debts after one year -€13,445
down €13,445 (-79.6%), from €16,893 to €3,448
- Other debts +€3,351
new in 2025: €3,351
- Tax, wage and social debts -€2,636
down €2,636 (-58.2%), from €4,528 to €1,892
- Current portion of long-term debt +€1,697
up €1,697 (+13.2%), from €12,905 to €14,602
- Gross operating margin +€3,396
up €3,396 (+9.1%), from €37,440 to €40,836
- Taxes +€1,258
up €1,258 (+18.7%), from €6,742 to €8,000
- Depreciation +€577
up €577 (+5.3%), from €10,977 to €11,554
- Financial charges -€450
down €450 (-25.5%), from €1,761 to €1,312
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 | €147,286 | €155,828 | +€8,542 | +5.8% |
| Fixed assets | 21/28 | €35,469 | €25,714 | -€9,755 | -27.5% |
| Tangible fixed assets | 22/27 | €35,289 | €25,534 | -€9,755 | -27.6% |
| Furniture and vehicles | 24 | €35,289 | €25,534 | -€9,755 | -27.6% |
| Financial fixed assets | 28 | €180 | €180 | = | 0.0% |
| Current assets | 29/58 | €111,817 | €130,114 | +€18,297 | +16.4% |
| Amounts receivable within one year | 40/41 | €32,165 | €18,196 | -€13,969 | -43.4% |
| Trade receivables | 40 | €27,528 | €17,430 | -€10,097 | -36.7% |
| Other amounts receivable | 41 | €4,638 | €766 | -€3,872 | -83.5% |
| Current investments | 50/53 | €34,122 | €87,200 | +€53,078 | +156% |
| Cash at bank and in hand | 54/58 | €45,530 | €24,368 | -€21,162 | -46.5% |
| Deferred charges and accrued income | 490/1 | - | €350 | +€350 | |
| Total equity and liabilities | 10/49 | €147,286 | €155,828 | +€8,542 | +5.8% |
| Equity | 10/15 | €112,743 | €132,143 | +€19,400 | +17.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €106,543 | €125,943 | +€19,400 | +18.2% |
| Distributable reserves | 133 | €106,543 | €125,943 | +€19,400 | +18.2% |
| Amounts payable | 17/49 | €34,543 | €23,685 | -€10,858 | -31.4% |
| Amounts payable after more than one year | 17 | €16,893 | €3,448 | -€13,445 | -79.6% |
| Financial debts | 170/4 | €16,893 | €3,448 | -€13,445 | -79.6% |
| Amounts payable within one year | 42/48 | €17,650 | €20,237 | +€2,587 | +14.7% |
| Current portion of amounts payable after more than one year | 42 | €12,905 | €14,602 | +€1,697 | +13.2% |
| Trade debts | 44 | €216 | €391 | +€175 | +80.8% |
| Suppliers | 440/4 | €216 | €391 | +€175 | +80.8% |
| Taxes, remuneration and social security | 45 | €4,528 | €1,892 | -€2,636 | -58.2% |
| Taxes | 450/3 | €4,528 | €1,892 | -€2,636 | -58.2% |
| Other amounts payable | 47/48 | - | €3,351 | +€3,351 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,977 | €11,554 | +€577 | +5.3% |
| Other operating charges | 640/8 | €962 | €570 | -€391 | -40.7% |
| Gross operating margin | 9900 | €37,440 | €40,836 | +€3,396 | +9.1% |
| Operating profit (loss) | 9901 | €25,501 | €28,711 | +€3,210 | +12.6% |
| Financial charges | 65/66B | €1,761 | €1,312 | -€450 | -25.5% |
| Recurring financial charges | 65 | €1,761 | €1,312 | -€450 | -25.5% |
| Profit (loss) for the period before taxes | 9903 | €23,740 | €27,400 | +€3,659 | +15.4% |
| Income taxes | 67/77 | €6,742 | €8,000 | +€1,258 | +18.7% |
| Profit (loss) for the period | 9904 | €16,999 | €19,400 | +€2,401 | +14.1% |
| Profit (loss) for the period to be appropriated | 9905 | €16,999 | €19,400 | +€2,401 | +14.1% |
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 29 October 2026 via checked.be.