K2 Accountants: 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 Accountants
Largest movements
- Cash +€186,382
up €186,382 (+495%), from €37,643 to €224,025
mainly Net result for the year (+€107,324) and Current investments (+€50,000)
- Current investments -€50,000
down €50,000 (-100%), from €50,000 to €0
- Intangible fixed assets -€20,000
down €20,000 (-27.6%), from €72,438 to €52,438
- Tangible fixed assets +€17,143
up €17,143 (+33.1%), from €51,777 to €68,920
- Deferred charges and accrued income +€9,912
up €9,912 (+18.7%), from €52,975 to €62,886
- Reserves +€105,658
up €105,658 (+90.7%), from €116,525 to €222,183
- Tax, wage and social debts +€48,872
up €48,872 (+79.0%), from €61,891 to €110,763
- Debts after one year -€20,000
down €20,000 (-36.4%), from €55,000 to €35,000
- Advances received +€8,163
new in 2025: €8,163
- Gross operating margin -€24,251
down €24,251 (-11.0%), from €219,740 to €195,489
- Financial charges -€6,275
down €6,275 (-70.0%), from €8,961 to €2,686
- Taxes -€3,545
down €3,545 (-7.2%), from €49,468 to €45,924
- Depreciation -€2,234
down €2,234 (-5.3%), from €41,884 to €39,650
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 | €268,021 | €409,680 | +€141,659 | +52.9% |
| Fixed assets | 21/28 | €125,215 | €122,358 | -€2,857 | -2.3% |
| Intangible fixed assets | 21 | €72,438 | €52,438 | -€20,000 | -27.6% |
| Tangible fixed assets | 22/27 | €51,777 | €68,920 | +€17,143 | +33.1% |
| Furniture and vehicles | 24 | €51,777 | €68,920 | +€17,143 | +33.1% |
| Financial fixed assets | 28 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €142,806 | €287,322 | +€144,516 | +101% |
| Amounts receivable within one year | 40/41 | €2,188 | €411 | -€1,777 | -81.2% |
| Trade receivables | 40 | €2,188 | €260 | -€1,928 | -88.1% |
| Other amounts receivable | 41 | - | €151 | +€151 | |
| Current investments | 50/53 | €50,000 | €0 | -€50,000 | -100% |
| Cash at bank and in hand | 54/58 | €37,643 | €224,025 | +€186,382 | +495% |
| Deferred charges and accrued income | 490/1 | €52,975 | €62,886 | +€9,912 | +18.7% |
| Total equity and liabilities | 10/49 | €268,021 | €409,680 | +€141,659 | +52.9% |
| Equity | 10/15 | €118,525 | €224,183 | +€105,658 | +89.1% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €116,525 | €222,183 | +€105,658 | +90.7% |
| Distributable reserves | 133 | €116,525 | €222,183 | +€105,658 | +90.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €149,497 | €185,497 | +€36,001 | +24.1% |
| Amounts payable after more than one year | 17 | €55,000 | €35,000 | -€20,000 | -36.4% |
| Financial debts | 170/4 | €55,000 | €35,000 | -€20,000 | -36.4% |
| Amounts payable within one year | 42/48 | €90,303 | €150,118 | +€59,815 | +66.2% |
| Current portion of amounts payable after more than one year | 42 | €20,000 | €20,000 | = | 0.0% |
| Trade debts | 44 | €2,083 | €2,027 | -€55 | -2.7% |
| Suppliers | 440/4 | €2,083 | €2,027 | -€55 | -2.7% |
| Advances received on contracts in progress | 46 | - | €8,163 | +€8,163 | |
| Taxes, remuneration and social security | 45 | €61,891 | €110,763 | +€48,872 | +79.0% |
| Taxes | 450/3 | €61,891 | €110,763 | +€48,872 | +79.0% |
| Other amounts payable | 47/48 | €6,329 | €9,165 | +€2,836 | +44.8% |
| Accrued charges and deferred income | 492/3 | €4,194 | €380 | -€3,815 | -90.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,884 | €39,650 | -€2,234 | -5.3% |
| Other operating charges | 640/8 | €1,361 | €258 | -€1,104 | -81.1% |
| Gross operating margin | 9900 | €219,740 | €195,489 | -€24,251 | -11.0% |
| Operating profit (loss) | 9901 | €176,495 | €155,580 | -€20,914 | -11.8% |
| Financial income | 75/76B | €178 | €354 | +€176 | +99.3% |
| Recurring financial income | 75 | €178 | €354 | +€176 | +99.3% |
| Financial charges | 65/66B | €8,961 | €2,686 | -€6,275 | -70.0% |
| Recurring financial charges | 65 | €8,961 | €2,686 | -€6,275 | -70.0% |
| Profit (loss) for the period before taxes | 9903 | €167,711 | €153,248 | -€14,463 | -8.6% |
| Income taxes | 67/77 | €49,468 | €45,924 | -€3,545 | -7.2% |
| Profit (loss) for the period | 9904 | €118,243 | €107,324 | -€10,918 | -9.2% |
| Profit (loss) for the period to be appropriated | 9905 | €118,243 | €107,324 | -€10,918 | -9.2% |
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.