K2K RELATIONS: 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.
K2K RELATIONS
Largest movements
- Cash +€13,261
up €13,261 (+75.6%), from €17,547 to €30,807
mainly Net result for the year (+€25,372) and Trade debts (+€3,226)
- Receivables within one year +€1,696
up €1,696 (+22.0%), from €7,711 to €9,408
of which Other amounts receivable: +€2,020
- Deferred charges and accrued income -€1,579
down €1,579 (-32.7%), from €4,833 to €3,254
- Reserves +€7,372
up €7,372 (+36.8%), from €20,020 to €27,392
- Trade debts +€3,226
up €3,226 (+21507.8%), from €15 to €3,241
- Tax, wage and social debts +€2,539
up €2,539 (+48.9%), from €5,191 to €7,730
- Staff costs -€580
no longer reported in 2025 (was €580)
- Taxes +€373
up €373 (+4.9%), from €7,607 to €7,980
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 | €32,352 | €45,665 | +€13,313 | +41.1% |
| Fixed assets | 21/28 | €2,262 | €2,196 | -€66 | -2.9% |
| Tangible fixed assets | 22/27 | €1,762 | €1,696 | -€66 | -3.7% |
| Plant, machinery and equipment | 23 | €168 | €777 | +€609 | +362.6% |
| Other tangible fixed assets | 26 | €1,594 | €919 | -€675 | -42.3% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €30,090 | €43,469 | +€13,378 | +44.5% |
| Amounts receivable within one year | 40/41 | €7,711 | €9,408 | +€1,696 | +22.0% |
| Trade receivables | 40 | €7,711 | €7,388 | -€323 | -4.2% |
| Other amounts receivable | 41 | €0 | €2,020 | +€2,020 | |
| Cash at bank and in hand | 54/58 | €17,547 | €30,807 | +€13,261 | +75.6% |
| Deferred charges and accrued income | 490/1 | €4,833 | €3,254 | -€1,579 | -32.7% |
| Total equity and liabilities | 10/49 | €32,352 | €45,665 | +€13,313 | +41.1% |
| Equity | 10/15 | €25,020 | €32,392 | +€7,372 | +29.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €20,020 | €27,392 | +€7,372 | +36.8% |
| Distributable reserves | 133 | €20,020 | €27,392 | +€7,372 | +36.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €7,332 | €13,273 | +€5,941 | +81.0% |
| Amounts payable within one year | 42/48 | €7,332 | €13,273 | +€5,941 | +81.0% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €15 | €3,241 | +€3,226 | +21507.8% |
| Suppliers | 440/4 | €15 | €3,241 | +€3,226 | +21507.8% |
| Taxes, remuneration and social security | 45 | €5,191 | €7,730 | +€2,539 | +48.9% |
| Taxes | 450/3 | €5,191 | €7,730 | +€2,539 | +48.9% |
| Other amounts payable | 47/48 | €2,126 | €2,301 | +€175 | +8.3% |
| Remuneration, social security and pensions | 62 | €580 | - | -€580 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €785 | €908 | +€124 | +15.8% |
| Other operating charges | 640/8 | €1,392 | €1,358 | -€34 | -2.5% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €35,753 | €35,672 | -€80 | -0.2% |
| Operating profit (loss) | 9901 | €32,996 | €33,406 | +€410 | +1.2% |
| Financial charges | 65/66B | €66 | €54 | -€12 | -18.0% |
| Recurring financial charges | 65 | €66 | €54 | -€12 | -18.0% |
| Profit (loss) for the period before taxes | 9903 | €32,930 | €33,352 | +€422 | +1.3% |
| Income taxes | 67/77 | €7,607 | €7,980 | +€373 | +4.9% |
| Profit (loss) for the period | 9904 | €25,323 | €25,372 | +€49 | +0.2% |
| Profit (loss) for the period to be appropriated | 9905 | €25,323 | €25,372 | +€49 | +0.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.