K2C: what changed
Two fiscal 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.
K2C
Largest movements
- Cash -€309,035
down €309,035 (-75.6%), from €409,029 to €99,994
mainly Investment in fixed assets (net) (-€406,555) and Tax, wage and social debts (-€286,866)
- Tangible fixed assets +€141,551
up €141,551 (+11.9%), from €1.2m to €1.3m
of which Other tangible fixed assets: +€268,189
- Receivables within one year -€24,954
down €24,954 (-39.8%), from €62,677 to €37,723
of which Trade receivables: -€35,771
- Profit (loss) carried forward +€311,427
up €311,427 (+58.3%), from -€534,269 to -€222,842
- Tax, wage and social debts -€286,866
down €286,866 (-54.4%), from €527,148 to €240,282
of which Remuneration and social security: -€228,029
- Current portion of long-term debt -€177,825
down €177,825 (-40.8%), from €435,562 to €257,737
- Contributions +€80,000
up €80,000 (+57.7%), from €138,600 to €218,600
- Trade debts -€68,210
down €68,210 (-11.9%), from €573,246 to €505,037
- Gross operating margin +€1.1m
up €1.1m (+37.9%), from €3.0m to €4.1m
- Staff costs +€455,899
up €455,899 (+15.5%), from €2.9m to €3.4m
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,059,156 | €1,844,647 | -€214,509 | -10.4% |
| Fixed assets | 21/28 | €1,520,193 | €1,644,392 | +€124,199 | +8.2% |
| Intangible fixed assets | 21 | €323,924 | €306,573 | -€17,352 | -5.4% |
| Tangible fixed assets | 22/27 | €1,187,619 | €1,329,170 | +€141,551 | +11.9% |
| Land and buildings | 22 | €186,776 | - | -€186,776 | |
| Plant, machinery and equipment | 23 | €164,391 | €190,934 | +€26,543 | +16.1% |
| Furniture and vehicles | 24 | €38,567 | €72,163 | +€33,596 | +87.1% |
| Other tangible fixed assets | 26 | €797,885 | €1,066,073 | +€268,189 | +33.6% |
| Financial fixed assets | 28 | €8,650 | €8,650 | = | 0.0% |
| Current assets | 29/58 | €538,963 | €200,255 | -€338,709 | -62.8% |
| Stocks and contracts in progress | 3 | €15,500 | €20,500 | +€5,000 | +32.3% |
| Stocks | 30/36 | €15,500 | €20,500 | +€5,000 | +32.3% |
| Amounts receivable within one year | 40/41 | €62,677 | €37,723 | -€24,954 | -39.8% |
| Trade receivables | 40 | €46,062 | €10,291 | -€35,771 | -77.7% |
| Other amounts receivable | 41 | €16,615 | €27,431 | +€10,817 | +65.1% |
| Cash at bank and in hand | 54/58 | €409,029 | €99,994 | -€309,035 | -75.6% |
| Deferred charges and accrued income | 490/1 | €51,757 | €42,038 | -€9,720 | -18.8% |
| Total equity and liabilities | 10/49 | €2,059,156 | €1,844,647 | -€214,509 | -10.4% |
| Equity | 10/15 | -€374,684 | €12,815 | +€387,500 | |
| Contributions | 10/11 | €138,600 | €218,600 | +€80,000 | +57.7% |
| Reserves | 13 | €15,791 | €15,791 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €13,931 | €13,931 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€534,269 | -€222,842 | +€311,427 | +58.3% |
| Investment grants | 15 | €5,193 | €1,266 | -€3,927 | -75.6% |
| Amounts payable | 17/49 | €2,433,840 | €1,831,832 | -€602,009 | -24.7% |
| Amounts payable after more than one year | 17 | €769,293 | €709,219 | -€60,074 | -7.8% |
| Financial debts | 170/4 | €766,985 | €706,911 | -€60,074 | -7.8% |
| Other amounts payable | 178/9 | €2,308 | €2,308 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,664,547 | €1,122,612 | -€541,935 | -32.6% |
| Current portion of amounts payable after more than one year | 42 | €435,562 | €257,737 | -€177,825 | -40.8% |
| Financial debts | 43 | €100,000 | €100,000 | = | 0.0% |
| Credit institutions | 430/8 | €100,000 | €100,000 | = | 0.0% |
| Trade debts | 44 | €573,246 | €505,037 | -€68,210 | -11.9% |
| Suppliers | 440/4 | €573,246 | €505,037 | -€68,210 | -11.9% |
| Taxes, remuneration and social security | 45 | €527,148 | €240,282 | -€286,866 | -54.4% |
| Taxes | 450/3 | €61,544 | €2,707 | -€58,837 | -95.6% |
| Remuneration and social security | 454/9 | €465,604 | €237,575 | -€228,029 | -49.0% |
| Other amounts payable | 47/48 | €28,591 | €19,556 | -€9,035 | -31.6% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | - | €28,882 | +€28,882 | |
| Remuneration, social security and pensions | 62 | €2,938,480 | €3,394,379 | +€455,899 | +15.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €259,084 | €282,356 | +€23,272 | +9.0% |
| Other operating charges | 640/8 | €5,940 | €11,272 | +€5,332 | +89.8% |
| Non-recurring operating charges | 66A | €31,124 | €0 | -€31,124 | -100.0% |
| Gross operating margin | 9900 | €2,991,703 | €4,124,665 | +€1.1m | +37.9% |
| Operating profit (loss) | 9901 | -€242,924 | €436,659 | +€679,583 | |
| Financial income | 75/76B | €5,811 | €4,675 | -€1,136 | -19.6% |
| Recurring financial income | 75 | €5,811 | €4,675 | -€1,136 | -19.6% |
| Financial charges | 65/66B | €97,851 | €129,020 | +€31,168 | +31.9% |
| Recurring financial charges | 65 | €97,851 | €129,020 | +€31,168 | +31.9% |
| Profit (loss) for the period before taxes | 9903 | -€334,965 | €312,314 | +€647,279 | |
| Income taxes | 67/77 | €0 | €887 | +€887 | |
| Profit (loss) for the period | 9904 | -€334,965 | €311,427 | +€646,391 | |
| Profit (loss) for the period to be appropriated | 9905 | -€334,965 | €311,427 | +€646,391 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.