K2@WORK: 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@WORK
Largest movements
- Current investments +€75,693
up €75,693 (+49.1%), from €154,006 to €229,699
- Tangible fixed assets -€19,102
down €19,102 (-20.4%), from €93,499 to €74,397
of which Furniture and vehicles: -€16,906
- Cash +€13,975
up €13,975 (+40.4%), from €34,581 to €48,556
mainly Other debts (+€129,763) and Net result for the year (+€62,812)
- Receivables within one year -€6,407
down €6,407 (-28.8%), from €22,219 to €15,811
of which Other amounts receivable: -€6,407
- Other debts +€129,763
up €129,763 (+371%), from €34,948 to €164,711
- Reserves -€71,288
down €71,288 (-28.9%), from €246,530 to €175,242
of which Distributable reserves: -€71,288
- Tax, wage and social debts +€7,932
up €7,932 (+58.3%), from €13,611 to €21,543
- Financial income -€3,766
down €3,766 (-46.0%), from €8,188 to €4,422
- Gross operating margin -€2,691
down €2,691 (-2.4%), from €111,648 to €108,957
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.
Derived cash bridge
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 | €304,728 | €368,681 | +€63,954 | +21.0% |
| Fixed assets | 21/28 | €93,499 | €74,397 | -€19,102 | -20.4% |
| Tangible fixed assets | 22/27 | €93,499 | €74,397 | -€19,102 | -20.4% |
| Land and buildings | 22 | €71,831 | €69,635 | -€2,196 | -3.1% |
| Furniture and vehicles | 24 | €21,668 | €4,762 | -€16,906 | -78.0% |
| Current assets | 29/58 | €211,229 | €294,285 | +€83,056 | +39.3% |
| Amounts receivable within one year | 40/41 | €22,219 | €15,811 | -€6,407 | -28.8% |
| Trade receivables | 40 | €14,399 | €14,399 | = | 0.0% |
| Other amounts receivable | 41 | €7,820 | €1,412 | -€6,407 | -81.9% |
| Current investments | 50/53 | €154,006 | €229,699 | +€75,693 | +49.1% |
| Cash at bank and in hand | 54/58 | €34,581 | €48,556 | +€13,975 | +40.4% |
| Deferred charges and accrued income | 490/1 | €423 | €218 | -€205 | -48.4% |
| Total equity and liabilities | 10/49 | €304,728 | €368,681 | +€63,954 | +21.0% |
| Equity | 10/15 | €252,730 | €181,442 | -€71,288 | -28.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €246,530 | €175,242 | -€71,288 | -28.9% |
| 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 | €244,670 | €173,382 | -€71,288 | -29.1% |
| Amounts payable | 17/49 | €51,998 | €187,240 | +€135,242 | +260% |
| Amounts payable within one year | 42/48 | €51,998 | €187,240 | +€135,242 | +260% |
| Current portion of amounts payable after more than one year | 42 | €3,439 | €464 | -€2,976 | -86.5% |
| Trade debts | 44 | - | €522 | +€522 | |
| Suppliers | 440/4 | - | €522 | +€522 | |
| Taxes, remuneration and social security | 45 | €13,611 | €21,543 | +€7,932 | +58.3% |
| Taxes | 450/3 | €13,611 | €21,543 | +€7,932 | +58.3% |
| Other amounts payable | 47/48 | €34,948 | €164,711 | +€129,763 | +371% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,235 | €22,336 | +€101 | +0.5% |
| Other operating charges | 640/8 | €72 | €87 | +€15 | +20.9% |
| Gross operating margin | 9900 | €111,648 | €108,957 | -€2,691 | -2.4% |
| Operating profit (loss) | 9901 | €89,341 | €86,534 | -€2,807 | -3.1% |
| Financial income | 75/76B | €8,188 | €4,422 | -€3,766 | -46.0% |
| Recurring financial income | 75 | €8,188 | €4,422 | -€3,766 | -46.0% |
| Financial charges | 65/66B | €1,937 | €2,798 | +€861 | +44.4% |
| Recurring financial charges | 65 | €1,937 | €2,798 | +€861 | +44.4% |
| Profit (loss) for the period before taxes | 9903 | €95,591 | €88,158 | -€7,434 | -7.8% |
| Income taxes | 67/77 | €25,617 | €25,346 | -€271 | -1.1% |
| Profit (loss) for the period | 9904 | €69,975 | €62,812 | -€7,163 | -10.2% |
| Profit (loss) for the period to be appropriated | 9905 | €69,975 | €62,812 | -€7,163 | -10.2% |
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 25 October 2026 via checked.be.