K2 Projects: what changed
Two fiscal 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 Projects
Largest movements
- Cash +€88,628
up €88,628 (+64.9%), from €136,465 to €225,093
mainly Other debts (+€148,618) and Net result for the year (+€110,376)
- Tangible fixed assets -€3,978
down €3,978 (-56.2%), from €7,077 to €3,099
- Receivables within one year -€3,354
down €3,354 (-14.1%), from €23,848 to €20,494
of which Other amounts receivable: -€4,732
- Other debts +€148,618
up €148,618 (+4326.4%), from €3,435 to €152,053
- Reserves -€64,504
down €64,504 (-55.4%), from €116,445 to €51,941
of which Distributable reserves: -€64,504
- Gross operating margin +€100,538
up €100,538 (+235.4%), from €42,715 to €143,253
- Taxes +€19,344
up €19,344 (+254.5%), from €7,600 to €26,944
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 | €206,990 | €288,286 | +€81,296 | +39.3% |
| Fixed assets | 21/28 | €46,677 | €42,699 | -€3,978 | -8.5% |
| Tangible fixed assets | 22/27 | €7,077 | €3,099 | -€3,978 | -56.2% |
| Furniture and vehicles | 24 | €7,077 | €3,099 | -€3,978 | -56.2% |
| Financial fixed assets | 28 | €39,600 | €39,600 | = | 0.0% |
| Current assets | 29/58 | €160,313 | €245,587 | +€85,274 | +53.2% |
| Amounts receivable within one year | 40/41 | €23,848 | €20,494 | -€3,354 | -14.1% |
| Trade receivables | 40 | €16,663 | €18,040 | +€1,377 | +8.3% |
| Other amounts receivable | 41 | €7,186 | €2,454 | -€4,732 | -65.8% |
| Cash at bank and in hand | 54/58 | €136,465 | €225,093 | +€88,628 | +64.9% |
| Total equity and liabilities | 10/49 | €206,990 | €288,286 | +€81,296 | +39.3% |
| Equity | 10/15 | €122,645 | €58,141 | -€64,504 | -52.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €116,445 | €51,941 | -€64,504 | -55.4% |
| Non-distributable reserves | 130/1 | €1,566 | €1,566 | +€0 | 0.0% |
| Reserves not available under the articles | 1311 | €1,566 | €1,566 | +€0 | 0.0% |
| Distributable reserves | 133 | €114,879 | €50,375 | -€64,504 | -56.1% |
| Amounts payable | 17/49 | €84,345 | €230,145 | +€145,800 | +172.9% |
| Amounts payable within one year | 42/48 | €84,345 | €230,145 | +€145,800 | +172.9% |
| Trade debts | 44 | €17,310 | €16,635 | -€675 | -3.9% |
| Suppliers | 440/4 | €17,310 | €16,635 | -€675 | -3.9% |
| Taxes, remuneration and social security | 45 | €63,600 | €61,457 | -€2,143 | -3.4% |
| Taxes | 450/3 | €27,600 | €41,000 | +€13,400 | +48.6% |
| Remuneration and social security | 454/9 | €36,000 | €20,457 | -€15,543 | -43.2% |
| Other amounts payable | 47/48 | €3,435 | €152,053 | +€148,618 | +4326.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,978 | €3,978 | -€0 | 0.0% |
| Other operating charges | 640/8 | €652 | €1,893 | +€1,241 | +190.5% |
| Gross operating margin | 9900 | €42,715 | €143,253 | +€100,538 | +235.4% |
| Operating profit (loss) | 9901 | €38,085 | €137,382 | +€99,297 | +260.7% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €76 | €63 | -€13 | -16.6% |
| Recurring financial charges | 65 | €76 | €63 | -€13 | -16.6% |
| Profit (loss) for the period before taxes | 9903 | €38,010 | €137,320 | +€99,310 | +261.3% |
| Income taxes | 67/77 | €7,600 | €26,944 | +€19,344 | +254.5% |
| Profit (loss) for the period | 9904 | €30,410 | €110,376 | +€79,966 | +263.0% |
| Profit (loss) for the period to be appropriated | 9905 | €30,410 | €110,376 | +€79,966 | +263.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.