K2 CONCEPT: 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 CONCEPT
Largest movements
- Tangible fixed assets -€15,527
down €15,527 (-32.4%), from €47,935 to €32,408
of which Furniture and vehicles: -€13,953
- Cash -€13,403
down €13,403 (-90.1%), from €14,870 to €1,467
mainly Net result for the year (-€40,393) and Trade debts (-€5,354)
- Receivables within one year -€3,941
down €3,941 (-57.5%), from €6,853 to €2,912
- Profit (loss) carried forward -€40,393
down €40,393 (-29.8%), from -€135,491 to -€175,884
- Other debts +€12,788
up €12,788 (+10.7%), from €119,365 to €132,153
- Trade debts -€5,354
down €5,354 (-34.2%), from €15,674 to €10,319
- Gross operating margin +€49,828
up €49,828 (+67.9%), from -€73,406 to -€23,579
- Financial charges -€968
down €968 (-80.0%), from €1,210 to €242
of which Non-recurring financial charges: -€1,023
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.
Cash bridge derived
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 | €69,658 | €36,787 | -€32,872 | -47.2% |
| Fixed assets | 21/28 | €47,935 | €32,408 | -€15,527 | -32.4% |
| Tangible fixed assets | 22/27 | €47,935 | €32,408 | -€15,527 | -32.4% |
| Plant, machinery and equipment | 23 | €4,596 | €3,022 | -€1,573 | -34.2% |
| Furniture and vehicles | 24 | €43,339 | €29,386 | -€13,953 | -32.2% |
| Current assets | 29/58 | €21,723 | €4,379 | -€17,345 | -79.8% |
| Amounts receivable within one year | 40/41 | €6,853 | €2,912 | -€3,941 | -57.5% |
| Other amounts receivable | 41 | €6,853 | €2,912 | -€3,941 | -57.5% |
| Cash at bank and in hand | 54/58 | €14,870 | €1,467 | -€13,403 | -90.1% |
| Total equity and liabilities | 10/49 | €69,658 | €36,787 | -€32,872 | -47.2% |
| Equity | 10/15 | -€66,276 | -€106,669 | -€40,393 | -60.9% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €50,665 | €50,665 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €48,805 | €48,805 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€135,491 | -€175,884 | -€40,393 | -29.8% |
| Amounts payable | 17/49 | €135,934 | €143,455 | +€7,521 | +5.5% |
| Amounts payable within one year | 42/48 | €135,934 | €143,455 | +€7,521 | +5.5% |
| Trade debts | 44 | €15,674 | €10,319 | -€5,354 | -34.2% |
| Suppliers | 440/4 | €15,674 | €10,319 | -€5,354 | -34.2% |
| Taxes, remuneration and social security | 45 | €896 | €983 | +€87 | +9.8% |
| Taxes | 450/3 | €896 | €983 | +€87 | +9.8% |
| Other amounts payable | 47/48 | €119,365 | €132,153 | +€12,788 | +10.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,036 | €15,527 | -€509 | -3.2% |
| Other operating charges | 640/8 | €83 | €671 | +€588 | +707.2% |
| Gross operating margin | 9900 | -€73,406 | -€23,579 | +€49,828 | +67.9% |
| Operating profit (loss) | 9901 | -€89,525 | -€39,776 | +€49,749 | +55.6% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €1,210 | €242 | -€968 | -80.0% |
| Recurring financial charges | 65 | €187 | €242 | +€56 | +29.7% |
| Non-recurring financial charges | 66B | €1,023 | - | -€1,023 | |
| Profit (loss) for the period before taxes | 9903 | -€90,736 | -€40,019 | +€50,717 | +55.9% |
| Income taxes | 67/77 | €609 | €374 | -€236 | -38.7% |
| Profit (loss) for the period | 9904 | -€91,345 | -€40,393 | +€50,952 | +55.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€91,345 | -€40,393 | +€50,952 | +55.8% |
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 12 October 2026 via checked.be.