K2: 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.
K2
Largest movements
- Cash -€20,115
down €20,115 (-41.0%), from €49,116 to €29,001
mainly Net result for the year (-€14,727) and Receivables within one year (-€2,529)
- Receivables within one year +€2,529
up €2,529 (+73.5%), from €3,442 to €5,971
- Tangible fixed assets -€1,784
down €1,784 (-49.6%), from €3,596 to €1,812
of which Furniture and vehicles: -€1,720
- Receivables after one year +€1,689
up €1,689 (+9.4%), from €17,908 to €19,597
- Deferred charges and accrued income +€1,096
up €1,096 (+44.9%), from €2,443 to €3,539
- Profit (loss) carried forward -€14,727
down €14,727 (-78.3%), from €18,810 to €4,083
- Tax, wage and social debts -€1,702
down €1,702 (-24.7%), from €6,891 to €5,189
- Gross operating margin -€25,989
down €25,989, from €12,841 to -€13,148
- Financial income +€4,551
up €4,551 (+134%), from €3,405 to €7,956
- Taxes -€2,042
down €2,042 (-89.6%), from €2,278 to €236
- Financial charges -€1,407
down €1,407 (-17.2%), from €8,188 to €6,781
- Depreciation -€994
down €994 (-35.8%), from €2,778 to €1,784
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 | €76,972 | €59,920 | -€17,052 | -22.2% |
| Fixed assets | 21/28 | €3,596 | €1,812 | -€1,784 | -49.6% |
| Tangible fixed assets | 22/27 | €3,596 | €1,812 | -€1,784 | -49.6% |
| Plant, machinery and equipment | 23 | €246 | €182 | -€64 | -26.0% |
| Furniture and vehicles | 24 | €3,350 | €1,630 | -€1,720 | -51.3% |
| Current assets | 29/58 | €73,376 | €58,108 | -€15,268 | -20.8% |
| Amounts receivable after more than one year | 29 | €17,908 | €19,597 | +€1,689 | +9.4% |
| Other amounts receivable | 291 | €17,908 | €19,597 | +€1,689 | +9.4% |
| Stocks and contracts in progress | 3 | €467 | - | -€467 | |
| Stocks | 30/36 | €467 | - | -€467 | |
| Amounts receivable within one year | 40/41 | €3,442 | €5,971 | +€2,529 | +73.5% |
| Trade receivables | 40 | €3,442 | €5,971 | +€2,529 | +73.5% |
| Cash at bank and in hand | 54/58 | €49,116 | €29,001 | -€20,115 | -41.0% |
| Deferred charges and accrued income | 490/1 | €2,443 | €3,539 | +€1,096 | +44.9% |
| Total equity and liabilities | 10/49 | €76,972 | €59,920 | -€17,052 | -22.2% |
| Equity | 10/15 | €68,310 | €53,583 | -€14,727 | -21.6% |
| Contributions | 10/11 | €45,000 | €45,000 | = | 0.0% |
| Reserves | 13 | €4,500 | €4,500 | = | 0.0% |
| Distributable reserves | 133 | €4,500 | €4,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €18,810 | €4,083 | -€14,727 | -78.3% |
| Amounts payable | 17/49 | €8,662 | €6,337 | -€2,325 | -26.8% |
| Amounts payable within one year | 42/48 | €8,662 | €6,337 | -€2,325 | -26.8% |
| Trade debts | 44 | €1,771 | €1,148 | -€623 | -35.2% |
| Suppliers | 440/4 | €1,771 | €1,148 | -€623 | -35.2% |
| Taxes, remuneration and social security | 45 | €6,891 | €5,189 | -€1,702 | -24.7% |
| Taxes | 450/3 | €6,891 | €5,189 | -€1,702 | -24.7% |
| Non-recurring operating income | 76A | €12,963 | €9,967 | -€2,996 | -23.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,778 | €1,784 | -€994 | -35.8% |
| Other operating charges | 640/8 | €650 | €734 | +€84 | +12.9% |
| Gross operating margin | 9900 | €12,841 | -€13,148 | -€25,989 | |
| Operating profit (loss) | 9901 | €9,413 | -€15,666 | -€25,079 | |
| Financial income | 75/76B | €3,405 | €7,956 | +€4,551 | +134% |
| Recurring financial income | 75 | €3,405 | €7,956 | +€4,551 | +134% |
| Financial charges | 65/66B | €8,188 | €6,781 | -€1,407 | -17.2% |
| Recurring financial charges | 65 | €8,188 | €6,781 | -€1,407 | -17.2% |
| Profit (loss) for the period before taxes | 9903 | €4,630 | -€14,491 | -€19,121 | |
| Income taxes | 67/77 | €2,278 | €236 | -€2,042 | -89.6% |
| Profit (loss) for the period | 9904 | €2,352 | -€14,727 | -€17,079 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,352 | -€14,727 | -€17,079 |
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 17 October 2026 via checked.be.