K2F: 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.
K2F
Largest movements
- Tangible fixed assets -€17,189
no longer reported in 2020 (was €17,189)
- Current assets -€12,446
down €12,446 (-26.2%), from €47,451 to €35,006
of which Receivables within one year: -€31,637
- Debts after one year -€34,960
no longer reported in 2020 (was €34,960)
- Equity +€10,155
up €10,155 (+114.0%), from €8,911 to €19,066
of which Profit (loss) carried forward: +€10,155
- Debts within one year -€4,830
down €4,830 (-23.3%), from €20,770 to €15,940
- Gross operating margin +€8,354
up €8,354 (+94.2%), from €8,870 to €17,224
- Depreciation -€5,660
no longer reported in 2020 (was €5,660)
- Taxes +€3,319
up €3,319 (+310.4%), from €1,069 to €4,389
From the 2019 result to the 2020 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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2019 | 2020 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €64,641 | €35,006 | -€29,635 | -45.8% |
| Fixed assets | 21/28 | €17,189 | - | -€17,189 | |
| Tangible fixed assets | 22/27 | €17,189 | - | -€17,189 | |
| Current assets | 29/58 | €47,451 | €35,006 | -€12,446 | -26.2% |
| Amounts receivable within one year | 40/41 | €47,265 | €15,628 | -€31,637 | -66.9% |
| Cash at bank and in hand | 54/58 | €54 | €19,318 | +€19,263 | +35508.5% |
| Total equity and liabilities | 10/49 | €64,641 | €35,006 | -€29,635 | -45.8% |
| Equity | 10/15 | €8,911 | €19,066 | +€10,155 | +114.0% |
| Contributions | 10/11 | €6,200 | - | -€6,200 | |
| Reserves | 13 | €138 | €138 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,573 | €12,727 | +€10,155 | +394.7% |
| Amounts payable | 17/49 | €55,730 | €15,940 | -€39,790 | -71.4% |
| Amounts payable after more than one year | 17 | €34,960 | - | -€34,960 | |
| Amounts payable within one year | 42/48 | €20,770 | €15,940 | -€4,830 | -23.3% |
| Trade debts | 44 | €6,805 | €1,726 | -€5,080 | -74.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,660 | - | -€5,660 | |
| Gross operating margin | 9900 | €8,870 | €17,224 | +€8,354 | +94.2% |
| Operating profit (loss) | 9901 | €3,737 | €15,793 | +€12,056 | +322.6% |
| Recurring financial charges | 65 | €2,750 | €1,249 | -€1,500 | -54.6% |
| Profit (loss) for the period before taxes | 9903 | €987 | €14,543 | +€13,556 | +1373.1% |
| Income taxes | 67/77 | €1,069 | €4,389 | +€3,319 | +310.4% |
| Profit (loss) for the period | 9904 | -€82 | €10,155 | +€10,237 | |
| Profit (loss) for the period to be appropriated | 9905 | -€82 | €10,155 | +€10,237 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2019 and 31 December 2020. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.