K2L: 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.
K2L
Largest movements
- Tangible fixed assets -€31,165
down €31,165 (-4.3%), from €728,445 to €697,280
- Cash +€16,622
up €16,622 (+730.1%), from €2,277 to €18,898
mainly Depreciation (+€31,165) and Accrued charges and deferred income (+€9,250)
- Profit (loss) carried forward -€13,157
down €13,157 (-19.9%), from -€66,084 to -€79,241
- Other debts -€10,483
down €10,483 (-8.0%), from €131,085 to €120,601
- Accrued charges and deferred income +€9,250
up €9,250 (+81.7%), from €11,316 to €20,566
- Gross operating margin +€6,810
up €6,810 (+25.6%), from €26,579 to €33,389
- Depreciation +€3,080
up €3,080 (+11.0%), from €28,085 to €31,165
- Financial charges -€2,065
down €2,065 (-16.7%), from €12,328 to €10,263
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 | €730,721 | €716,178 | -€14,543 | -2.0% |
| Fixed assets | 21/28 | €728,445 | €697,280 | -€31,165 | -4.3% |
| Tangible fixed assets | 22/27 | €728,445 | €697,280 | -€31,165 | -4.3% |
| Land and buildings | 22 | €728,445 | €697,280 | -€31,165 | -4.3% |
| Current assets | 29/58 | €2,277 | €18,898 | +€16,622 | +730.1% |
| Cash at bank and in hand | 54/58 | €2,277 | €18,898 | +€16,622 | +730.1% |
| Total equity and liabilities | 10/49 | €730,721 | €716,178 | -€14,543 | -2.0% |
| Equity | 10/15 | €587,916 | €574,759 | -€13,157 | -2.2% |
| Contributions | 10/11 | €654,000 | €654,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€66,084 | -€79,241 | -€13,157 | -19.9% |
| Amounts payable | 17/49 | €142,806 | €141,419 | -€1,386 | -1.0% |
| Amounts payable within one year | 42/48 | €131,490 | €120,853 | -€10,636 | -8.1% |
| Trade debts | 44 | €405 | €252 | -€153 | -37.8% |
| Suppliers | 440/4 | €405 | €252 | -€153 | -37.8% |
| Other amounts payable | 47/48 | €131,085 | €120,601 | -€10,483 | -8.0% |
| Accrued charges and deferred income | 492/3 | €11,316 | €20,566 | +€9,250 | +81.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,085 | €31,165 | +€3,080 | +11.0% |
| Other operating charges | 640/8 | €5,054 | €5,117 | +€64 | +1.3% |
| Gross operating margin | 9900 | €26,579 | €33,389 | +€6,810 | +25.6% |
| Operating profit (loss) | 9901 | -€6,560 | -€2,894 | +€3,666 | +55.9% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100.0% |
| Financial charges | 65/66B | €12,328 | €10,263 | -€2,065 | -16.7% |
| Recurring financial charges | 65 | €12,328 | €10,263 | -€2,065 | -16.7% |
| Profit (loss) for the period before taxes | 9903 | -€18,888 | -€13,157 | +€5,731 | +30.3% |
| Profit (loss) for the period | 9904 | -€18,888 | -€13,157 | +€5,731 | +30.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€18,888 | -€13,157 | +€5,731 | +30.3% |
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 1 October 2026 via checked.be.