K2 INSURANCE: 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 INSURANCE
Largest movements
- Receivables within one year +€13,526
new in 2024: €13,526
- Tangible fixed assets -€4,804
down €4,804 (-27.1%), from €17,700 to €12,896
of which Furniture and vehicles: -€3,060
- Cash +€1,736
up €1,736 (+6.2%), from €27,872 to €29,607
mainly Trade debts (+€5,832) and Depreciation (+€3,376)
- Deferred charges and accrued income -€1,384
down €1,384 (-35.8%), from €3,865 to €2,481
- Trade debts +€5,832
up €5,832 (+108%), from €5,417 to €11,249
- Tax, wage and social debts +€2,672
up €2,672 (+18.2%), from €14,720 to €17,393
- Reserves +€2,399
up €2,399 (+11.3%), from €21,178 to €23,576
of which Distributable reserves: +€2,399
- Other debts -€1,829
down €1,829 (-100%), from €1,829 to €0
- Gross operating margin -€15,364
down €15,364 (-51.6%), from €29,791 to €14,427
- Taxes -€7,977
down €7,977 (-74.6%), from €10,698 to €2,721
- Other operating charges +€1,533
up €1,533 (+177%), from €866 to €2,399
- Depreciation -€977
down €977 (-22.5%), from €4,353 to €3,376
- Financial charges -€336
down €336 (-13.8%), from €2,441 to €2,105
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €49,437 | €58,510 | +€9,074 | +18.4% |
| Fixed assets | 21/28 | €17,700 | €12,896 | -€4,804 | -27.1% |
| Tangible fixed assets | 22/27 | €17,700 | €12,896 | -€4,804 | -27.1% |
| Land and buildings | 22 | €9,004 | €7,853 | -€1,151 | -12.8% |
| Plant, machinery and equipment | 23 | €1,088 | €495 | -€592 | -54.5% |
| Furniture and vehicles | 24 | €7,608 | €4,548 | -€3,060 | -40.2% |
| Current assets | 29/58 | €31,737 | €45,614 | +€13,877 | +43.7% |
| Amounts receivable within one year | 40/41 | - | €13,526 | +€13,526 | |
| Other amounts receivable | 41 | - | €13,526 | +€13,526 | |
| Cash at bank and in hand | 54/58 | €27,872 | €29,607 | +€1,736 | +6.2% |
| Deferred charges and accrued income | 490/1 | €3,865 | €2,481 | -€1,384 | -35.8% |
| Total equity and liabilities | 10/49 | €49,437 | €58,510 | +€9,074 | +18.4% |
| Equity | 10/15 | €27,470 | €29,869 | +€2,399 | +8.7% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €21,178 | €23,576 | +€2,399 | +11.3% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €19,319 | €21,717 | +€2,399 | +12.4% |
| Profit (loss) carried forward | 14 | €95 | €95 | = | 0.0% |
| Amounts payable | 17/49 | €21,966 | €28,641 | +€6,675 | +30.4% |
| Amounts payable within one year | 42/48 | €21,966 | €28,641 | +€6,675 | +30.4% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €5,417 | €11,249 | +€5,832 | +108% |
| Suppliers | 440/4 | €5,417 | €11,249 | +€5,832 | +108% |
| Taxes, remuneration and social security | 45 | €14,720 | €17,393 | +€2,672 | +18.2% |
| Taxes | 450/3 | €14,720 | €17,393 | +€2,672 | +18.2% |
| Other amounts payable | 47/48 | €1,829 | €0 | -€1,829 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,353 | €3,376 | -€977 | -22.5% |
| Other operating charges | 640/8 | €866 | €2,399 | +€1,533 | +177% |
| Non-recurring operating charges | 66A | €1,096 | €1,428 | +€332 | +30.2% |
| Gross operating margin | 9900 | €29,791 | €14,427 | -€15,364 | -51.6% |
| Operating profit (loss) | 9901 | €23,475 | €7,224 | -€16,251 | -69.2% |
| Financial charges | 65/66B | €2,441 | €2,105 | -€336 | -13.8% |
| Recurring financial charges | 65 | €2,441 | €2,105 | -€336 | -13.8% |
| Profit (loss) for the period before taxes | 9903 | €21,034 | €5,120 | -€15,915 | -75.7% |
| Income taxes | 67/77 | €10,698 | €2,721 | -€7,977 | -74.6% |
| Profit (loss) for the period | 9904 | €10,336 | €2,399 | -€7,938 | -76.8% |
| Profit (loss) for the period to be appropriated | 9905 | €10,336 | €2,399 | -€7,938 | -76.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.