K2 Transformations: 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 Transformations
Largest movements
- Cash -€50,960
down €50,960 (-44.1%), from €115,560 to €64,600
mainly Contributions, distributions and other (-€40,000) and Receivables within one year (-€22,852)
- Receivables within one year +€22,852
up €22,852 (+656.5%), from €3,481 to €26,333
of which Trade receivables: +€18,755
- Tangible fixed assets -€12,873
down €12,873 (-25.2%), from €51,159 to €38,286
of which Furniture and vehicles: -€12,305
- Current investments +€2,782
up €2,782 (+5.6%), from €49,639 to €52,421
- Reserves -€25,000
down €25,000 (-22.2%), from €112,855 to €87,855
- Other debts -€13,057
down €13,057 (-17.9%), from €72,895 to €59,838
- Trade debts -€2,719
down €2,719 (-51.5%), from €5,284 to €2,565
- Gross operating margin -€68,991
down €68,991 (-69.8%), from €98,804 to €29,813
- Taxes -€14,078
down €14,078 (-76.8%), from €18,333 to €4,255
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 | €220,792 | €182,271 | -€38,521 | -17.4% |
| Fixed assets | 21/28 | €51,159 | €38,286 | -€12,873 | -25.2% |
| Tangible fixed assets | 22/27 | €51,159 | €38,286 | -€12,873 | -25.2% |
| Plant, machinery and equipment | 23 | €864 | €296 | -€568 | -65.8% |
| Furniture and vehicles | 24 | €50,296 | €37,991 | -€12,305 | -24.5% |
| Current assets | 29/58 | €169,633 | €143,985 | -€25,648 | -15.1% |
| Stocks and contracts in progress | 3 | €953 | €630 | -€323 | -33.9% |
| Stocks | 30/36 | €953 | €630 | -€323 | -33.9% |
| Amounts receivable within one year | 40/41 | €3,481 | €26,333 | +€22,852 | +656.5% |
| Trade receivables | 40 | €605 | €19,360 | +€18,755 | +3100.0% |
| Other amounts receivable | 41 | €2,876 | €6,973 | +€4,097 | +142.5% |
| Current investments | 50/53 | €49,639 | €52,421 | +€2,782 | +5.6% |
| Cash at bank and in hand | 54/58 | €115,560 | €64,600 | -€50,960 | -44.1% |
| Total equity and liabilities | 10/49 | €220,792 | €182,271 | -€38,521 | -17.4% |
| Equity | 10/15 | €131,661 | €106,985 | -€24,676 | -18.7% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €112,855 | €87,855 | -€25,000 | -22.2% |
| Distributable reserves | 133 | €112,855 | €87,855 | -€25,000 | -22.2% |
| Profit (loss) carried forward | 14 | €256 | €580 | +€324 | +126.7% |
| Amounts payable | 17/49 | €89,131 | €75,286 | -€13,846 | -15.5% |
| Amounts payable within one year | 42/48 | €89,131 | €75,286 | -€13,846 | -15.5% |
| Trade debts | 44 | €5,284 | €2,565 | -€2,719 | -51.5% |
| Suppliers | 440/4 | €5,284 | €2,565 | -€2,719 | -51.5% |
| Taxes, remuneration and social security | 45 | €10,952 | €12,883 | +€1,931 | +17.6% |
| Taxes | 450/3 | €10,952 | €12,883 | +€1,931 | +17.6% |
| Other amounts payable | 47/48 | €72,895 | €59,838 | -€13,057 | -17.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,062 | €12,873 | +€811 | +6.7% |
| Other operating charges | 640/8 | €1,123 | €1,341 | +€218 | +19.4% |
| Gross operating margin | 9900 | €98,804 | €29,813 | -€68,991 | -69.8% |
| Operating profit (loss) | 9901 | €85,619 | €15,599 | -€70,020 | -81.8% |
| Financial income | 75/76B | €4,292 | €4,094 | -€198 | -4.6% |
| Recurring financial income | 75 | €4,292 | €4,094 | -€198 | -4.6% |
| Financial charges | 65/66B | €169 | €114 | -€55 | -32.6% |
| Recurring financial charges | 65 | €169 | €114 | -€55 | -32.6% |
| Profit (loss) for the period before taxes | 9903 | €89,743 | €19,579 | -€70,163 | -78.2% |
| Income taxes | 67/77 | €18,333 | €4,255 | -€14,078 | -76.8% |
| Profit (loss) for the period | 9904 | €71,409 | €15,324 | -€56,085 | -78.5% |
| Profit (loss) for the period to be appropriated | 9905 | €71,409 | €15,324 | -€56,085 | -78.5% |
Source: filed annual accounts (NBB), financial years ended 1 July 2024 and 1 July 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.