K2A: 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.
K2A
Largest movements
- Receivables within one year -€48,132
down €48,132 (-78.2%), from €61,578 to €13,445
of which Trade receivables: -€56,181
- Cash +€26,498
up €26,498 (+25.6%), from €103,406 to €129,904
mainly Receivables within one year (+€48,132) and Depreciation (+€36,097)
- Tangible fixed assets -€20,944
down €20,944 (-12.9%), from €162,077 to €141,133
of which Land and buildings: -€17,200
- Deferred charges and accrued income +€8,963
up €8,963 (+41.5%), from €21,599 to €30,562
- Debts after one year -€31,307
down €31,307 (-49.6%), from €63,115 to €31,809
- Gross operating margin -€92,143
down €92,143, from €90,385 to -€1,758
- Write-downs -€44,000
new in 2025: -€44,000
- Taxes -€11,299
down €11,299 (-93.9%), from €12,040 to €740
- Other operating charges -€4,536
down €4,536 (-45.0%), from €10,084 to €5,549
- Depreciation +€973
up €973 (+2.8%), from €35,124 to €36,097
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 | €349,274 | €315,560 | -€33,713 | -9.7% |
| Fixed assets | 21/28 | €162,691 | €141,649 | -€21,042 | -12.9% |
| Tangible fixed assets | 22/27 | €162,077 | €141,133 | -€20,944 | -12.9% |
| Land and buildings | 22 | €120,400 | €103,200 | -€17,200 | -14.3% |
| Furniture and vehicles | 24 | €13,005 | €14,349 | +€1,344 | +10.3% |
| Other tangible fixed assets | 26 | €28,672 | €23,584 | -€5,088 | -17.7% |
| Financial fixed assets | 28 | €614 | €515 | -€98 | -16.0% |
| Current assets | 29/58 | €186,583 | €173,912 | -€12,671 | -6.8% |
| Amounts receivable within one year | 40/41 | €61,578 | €13,445 | -€48,132 | -78.2% |
| Trade receivables | 40 | €59,991 | €3,810 | -€56,181 | -93.6% |
| Other amounts receivable | 41 | €1,586 | €9,635 | +€8,049 | +507.3% |
| Cash at bank and in hand | 54/58 | €103,406 | €129,904 | +€26,498 | +25.6% |
| Deferred charges and accrued income | 490/1 | €21,599 | €30,562 | +€8,963 | +41.5% |
| Total equity and liabilities | 10/49 | €349,274 | €315,560 | -€33,713 | -9.7% |
| Equity | 10/15 | €226,354 | €223,819 | -€2,535 | -1.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €129,625 | €129,625 | = | 0.0% |
| Distributable reserves | 133 | €129,625 | €129,625 | = | 0.0% |
| Profit (loss) carried forward | 14 | €90,529 | €87,994 | -€2,535 | -2.8% |
| Amounts payable | 17/49 | €122,919 | €91,741 | -€31,179 | -25.4% |
| Amounts payable after more than one year | 17 | €63,115 | €31,809 | -€31,307 | -49.6% |
| Financial debts | 170/4 | €63,115 | €31,809 | -€31,307 | -49.6% |
| Amounts payable within one year | 42/48 | €59,804 | €59,932 | +€128 | +0.2% |
| Current portion of amounts payable after more than one year | 42 | €32,178 | €33,029 | +€851 | +2.6% |
| Trade debts | 44 | €7,401 | €7,000 | -€401 | -5.4% |
| Suppliers | 440/4 | €7,401 | €7,000 | -€401 | -5.4% |
| Taxes, remuneration and social security | 45 | €2,977 | €5,154 | +€2,177 | +73.1% |
| Taxes | 450/3 | €2,977 | €5,154 | +€2,177 | +73.1% |
| Other amounts payable | 47/48 | €17,249 | €14,749 | -€2,500 | -14.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,124 | €36,097 | +€973 | +2.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€44,000 | -€44,000 | |
| Other operating charges | 640/8 | €10,084 | €5,549 | -€4,536 | -45.0% |
| Gross operating margin | 9900 | €90,385 | -€1,758 | -€92,143 | |
| Operating profit (loss) | 9901 | €45,177 | €596 | -€44,581 | -98.7% |
| Financial income | 75/76B | €176 | €556 | +€381 | +216.5% |
| Recurring financial income | 75 | €176 | €556 | +€381 | +216.5% |
| Financial charges | 65/66B | €3,687 | €2,947 | -€740 | -20.1% |
| Recurring financial charges | 65 | €3,687 | €2,947 | -€740 | -20.1% |
| Profit (loss) for the period before taxes | 9903 | €41,666 | -€1,794 | -€43,460 | |
| Income taxes | 67/77 | €12,040 | €740 | -€11,299 | -93.9% |
| Profit (loss) for the period | 9904 | €29,626 | -€2,535 | -€32,161 | |
| Profit (loss) for the period to be appropriated | 9905 | €29,626 | -€2,535 | -€32,161 |
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.