K2 PROPERTY: 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 PROPERTY
Largest movements
- Tangible fixed assets -€300,870
down €300,870 (-4.3%), from €7.0m to €6.7m
of which Land and buildings: -€293,256
- Debts after one year -€244,035
down €244,035 (-3.9%), from €6.3m to €6.0m
- Profit (loss) carried forward +€205,485
up €205,485 (+67.3%), from -€305,396 to -€99,912
- Trade debts -€142,498
down €142,498 (-92.6%), from €153,820 to €11,322
- Other debts -€118,128
down €118,128 (-60.8%), from €194,223 to €76,095
- Gross operating margin +€177,859
up €177,859 (+30.9%), from €576,040 to €753,899
- Financial charges -€115,429
down €115,429 (-34.1%), from €338,498 to €223,069
- Financial income -€95,326
down €95,326 (-66.9%), from €142,549 to €47,223
- Other operating charges +€34,833
up €34,833 (+95.0%), from €36,686 to €71,519
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 | €7,285,150 | €7,027,254 | -€257,896 | -3.5% |
| Formation expenses | 20 | €180 | €0 | -€180 | -100.0% |
| Fixed assets | 21/28 | €6,982,213 | €6,681,344 | -€300,870 | -4.3% |
| Tangible fixed assets | 22/27 | €6,982,213 | €6,681,344 | -€300,870 | -4.3% |
| Land and buildings | 22 | €6,966,809 | €6,673,553 | -€293,256 | -4.2% |
| Furniture and vehicles | 24 | €15,404 | €7,791 | -€7,614 | -49.4% |
| Current assets | 29/58 | €302,757 | €345,911 | +€43,154 | +14.3% |
| Amounts receivable within one year | 40/41 | €140,615 | €119,411 | -€21,204 | -15.1% |
| Trade receivables | 40 | €140,615 | €119,411 | -€21,204 | -15.1% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €139,390 | €205,967 | +€66,577 | +47.8% |
| Deferred charges and accrued income | 490/1 | €22,752 | €20,532 | -€2,220 | -9.8% |
| Total equity and liabilities | 10/49 | €7,285,150 | €7,027,254 | -€257,896 | -3.5% |
| Equity | 10/15 | -€94,543 | €110,317 | +€204,860 | |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€305,396 | -€99,912 | +€205,485 | +67.3% |
| Investment grants | 15 | €10,854 | €10,229 | -€625 | -5.8% |
| Amounts payable | 17/49 | €7,379,693 | €6,916,937 | -€462,756 | -6.3% |
| Amounts payable after more than one year | 17 | €6,250,000 | €6,005,965 | -€244,035 | -3.9% |
| Financial debts | 170/4 | €6,250,000 | €6,005,965 | -€244,035 | -3.9% |
| Amounts payable within one year | 42/48 | €908,600 | €667,702 | -€240,897 | -26.5% |
| Current portion of amounts payable after more than one year | 42 | €500,000 | €500,000 | = | 0.0% |
| Trade debts | 44 | €153,820 | €11,322 | -€142,498 | -92.6% |
| Suppliers | 440/4 | €153,820 | €11,322 | -€142,498 | -92.6% |
| Taxes, remuneration and social security | 45 | €60,557 | €80,286 | +€19,729 | +32.6% |
| Taxes | 450/3 | €60,557 | €80,286 | +€19,729 | +32.6% |
| Other amounts payable | 47/48 | €194,223 | €76,095 | -€118,128 | -60.8% |
| Accrued charges and deferred income | 492/3 | €221,093 | €243,270 | +€22,177 | +10.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €301,229 | €301,050 | -€179 | -0.1% |
| Other operating charges | 640/8 | €36,686 | €71,519 | +€34,833 | +95.0% |
| Gross operating margin | 9900 | €576,040 | €753,899 | +€177,859 | +30.9% |
| Operating profit (loss) | 9901 | €238,126 | €381,331 | +€143,204 | +60.1% |
| Financial income | 75/76B | €142,549 | €47,223 | -€95,326 | -66.9% |
| Recurring financial income | 75 | €142,549 | €47,223 | -€95,326 | -66.9% |
| Financial charges | 65/66B | €338,498 | €223,069 | -€115,429 | -34.1% |
| Recurring financial charges | 65 | €338,498 | €223,069 | -€115,429 | -34.1% |
| Profit (loss) for the period before taxes | 9903 | €42,177 | €205,485 | +€163,307 | +387.2% |
| Profit (loss) for the period | 9904 | €42,177 | €205,485 | +€163,307 | +387.2% |
| Profit (loss) for the period to be appropriated | 9905 | €42,177 | €205,485 | +€163,307 | +387.2% |
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 12 October 2026 via checked.be.