K2BELMA: 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.
K2BELMA
Largest movements
- Stocks and contracts +€8,140
up €8,140 (+20.4%), from €39,930 to €48,070
- Cash +€2,729
up €2,729 (+76.4%), from €3,574 to €6,303
mainly Contributions, distributions and other (+€11,804) and Trade debts (+€4,751)
- Tangible fixed assets -€1,180
down €1,180 (-47.5%), from €2,487 to €1,307
of which Plant, machinery and equipment: -€809
- Receivables within one year +€1,053
up €1,053 (+656%), from €160 to €1,213
- Trade debts +€4,751
up €4,751 (+133%), from €3,584 to €8,335
- Profit (loss) carried forward +€4,460
up €4,460 (+22.5%), from -€19,786 to -€15,326
- Other debts +€1,667
new in 2025: €1,667
- Turnover +€32,981
up €32,981 (+5.4%), from €609,588 to €642,569
- Purchases and services +€28,341
up €28,341 (+4.8%), from €588,550 to €616,890
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 | €46,818 | €57,560 | +€10,741 | +22.9% |
| Fixed assets | 21/28 | €2,487 | €1,307 | -€1,180 | -47.5% |
| Tangible fixed assets | 22/27 | €2,487 | €1,307 | -€1,180 | -47.5% |
| Plant, machinery and equipment | 23 | €1,883 | €1,074 | -€809 | -43.0% |
| Furniture and vehicles | 24 | €605 | €233 | -€372 | -61.4% |
| Current assets | 29/58 | €44,331 | €56,253 | +€11,922 | +26.9% |
| Stocks and contracts in progress | 3 | €39,930 | €48,070 | +€8,140 | +20.4% |
| Stocks | 30/36 | €39,930 | €48,070 | +€8,140 | +20.4% |
| Amounts receivable within one year | 40/41 | €160 | €1,213 | +€1,053 | +656% |
| Other amounts receivable | 41 | €160 | €1,213 | +€1,053 | +656% |
| Cash at bank and in hand | 54/58 | €3,574 | €6,303 | +€2,729 | +76.4% |
| Deferred charges and accrued income | 490/1 | €666 | €666 | = | 0.0% |
| Total equity and liabilities | 10/49 | €46,818 | €57,560 | +€10,741 | +22.9% |
| Equity | 10/15 | -€833 | €3,627 | +€4,460 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €353 | €353 | = | 0.0% |
| Non-distributable reserves | 130/1 | €353 | €353 | = | 0.0% |
| Reserves not available under the articles | 1311 | €353 | €353 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€19,786 | -€15,326 | +€4,460 | +22.5% |
| Amounts payable | 17/49 | €47,651 | €53,933 | +€6,282 | +13.2% |
| Amounts payable after more than one year | 17 | €40,650 | €40,650 | = | 0.0% |
| Other amounts payable | 178/9 | €40,650 | €40,650 | = | 0.0% |
| Amounts payable within one year | 42/48 | €7,001 | €13,283 | +€6,282 | +89.7% |
| Trade debts | 44 | €3,584 | €8,335 | +€4,751 | +133% |
| Suppliers | 440/4 | €3,584 | €8,335 | +€4,751 | +133% |
| Taxes, remuneration and social security | 45 | €3,417 | €3,282 | -€136 | -4.0% |
| Taxes | 450/3 | €1,638 | €1,431 | -€207 | -12.6% |
| Remuneration and social security | 454/9 | €1,779 | €1,850 | +€72 | +4.0% |
| Other amounts payable | 47/48 | - | €1,667 | +€1,667 | |
| Turnover | 70 | €609,588 | €642,569 | +€32,981 | +5.4% |
| Goods, raw materials, services and sundry goods | 60/61 | €588,550 | €616,890 | +€28,341 | +4.8% |
| Remuneration, social security and pensions | 62 | €28,008 | €28,941 | +€932 | +3.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,180 | €1,180 | = | 0.0% |
| Other operating charges | 640/8 | €4,886 | €5,609 | +€722 | +14.8% |
| Gross operating margin | 9900 | €23,652 | €28,524 | +€4,872 | +20.6% |
| Operating profit (loss) | 9901 | -€10,423 | -€7,205 | +€3,218 | +30.9% |
| Financial charges | 65/66B | €140 | €139 | -€0 | -0.3% |
| Recurring financial charges | 65 | €140 | €139 | -€0 | -0.3% |
| Profit (loss) for the period before taxes | 9903 | -€10,562 | -€7,344 | +€3,218 | +30.5% |
| Profit (loss) for the period | 9904 | -€10,562 | -€7,344 | +€3,218 | +30.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€10,562 | -€7,344 | +€3,218 | +30.5% |
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 17 October 2026 via checked.be.