K2M Consulting: 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.
K2M Consulting
Largest movements
- Financial fixed assets +€368,405
up €368,405 (+219%), from €167,840 to €536,245
- Receivables within one year +€57,464
up €57,464 (+110%), from €52,328 to €109,791
of which Other amounts receivable: +€55,934
- Receivables after one year +€50,431
up €50,431 (+18.6%), from €270,589 to €321,020
- Cash -€45,141
down €45,141 (-42.1%), from €107,174 to €62,033
mainly Investment in fixed assets (net) (-€368,405) and Receivables within one year (-€57,464)
- Tangible fixed assets -€13,767
down €13,767 (-31.2%), from €44,177 to €30,409
- Short-term financial debts +€201,000
up €201,000 (+239%), from €84,000 to €285,000
- Debts after one year +€177,020
up €177,020 (+198%), from €89,492 to €266,512
- Reserves +€41,113
up €41,113 (+10.8%), from €379,847 to €420,960
- Gross operating margin -€69,790
down €69,790 (-39.0%), from €178,835 to €109,045
- Taxes -€19,247
down €19,247 (-37.3%), from €51,621 to €32,374
- Financial charges +€6,279
up €6,279 (+55.2%), from €11,370 to €17,649
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 | €647,954 | €1,064,825 | +€416,871 | +64.3% |
| Fixed assets | 21/28 | €212,017 | €566,654 | +€354,637 | +167% |
| Tangible fixed assets | 22/27 | €44,177 | €30,409 | -€13,767 | -31.2% |
| Furniture and vehicles | 24 | €44,177 | €30,409 | -€13,767 | -31.2% |
| Financial fixed assets | 28 | €167,840 | €536,245 | +€368,405 | +219% |
| Current assets | 29/58 | €435,937 | €498,171 | +€62,234 | +14.3% |
| Amounts receivable after more than one year | 29 | €270,589 | €321,020 | +€50,431 | +18.6% |
| Other amounts receivable | 291 | €270,589 | €321,020 | +€50,431 | +18.6% |
| Amounts receivable within one year | 40/41 | €52,328 | €109,791 | +€57,464 | +110% |
| Trade receivables | 40 | €20,867 | €22,397 | +€1,530 | +7.3% |
| Other amounts receivable | 41 | €31,461 | €87,395 | +€55,934 | +178% |
| Cash at bank and in hand | 54/58 | €107,174 | €62,033 | -€45,141 | -42.1% |
| Deferred charges and accrued income | 490/1 | €5,847 | €5,327 | -€519 | -8.9% |
| Total equity and liabilities | 10/49 | €647,954 | €1,064,825 | +€416,871 | +64.3% |
| Equity | 10/15 | €386,047 | €427,160 | +€41,113 | +10.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €379,847 | €420,960 | +€41,113 | +10.8% |
| Distributable reserves | 133 | €379,847 | €420,960 | +€41,113 | +10.8% |
| Amounts payable | 17/49 | €261,907 | €637,665 | +€375,758 | +143% |
| Amounts payable after more than one year | 17 | €89,492 | €266,512 | +€177,020 | +198% |
| Financial debts | 170/4 | €89,492 | €266,512 | +€177,020 | +198% |
| Amounts payable within one year | 42/48 | €167,645 | €367,693 | +€200,048 | +119% |
| Current portion of amounts payable after more than one year | 42 | €15,286 | €23,980 | +€8,694 | +56.9% |
| Financial debts | 43 | €84,000 | €285,000 | +€201,000 | +239% |
| Credit institutions | 430/8 | €84,000 | €285,000 | +€201,000 | +239% |
| Trade debts | 44 | €3,728 | €268 | -€3,460 | -92.8% |
| Suppliers | 440/4 | €3,728 | €268 | -€3,460 | -92.8% |
| Taxes, remuneration and social security | 45 | €23,243 | €23,414 | +€171 | +0.7% |
| Taxes | 450/3 | €23,243 | €23,414 | +€171 | +0.7% |
| Other amounts payable | 47/48 | €41,388 | €35,031 | -€6,357 | -15.4% |
| Accrued charges and deferred income | 492/3 | €4,769 | €3,459 | -€1,310 | -27.5% |
| Non-recurring operating income | 76A | - | €9,940 | +€9,940 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,552 | €13,767 | +€215 | +1.6% |
| Other operating charges | 640/8 | €764 | €1,024 | +€260 | +34.0% |
| Gross operating margin | 9900 | €178,835 | €109,045 | -€69,790 | -39.0% |
| Operating profit (loss) | 9901 | €164,519 | €94,254 | -€70,265 | -42.7% |
| Financial income | 75/76B | €13,532 | €14,859 | +€1,328 | +9.8% |
| Recurring financial income | 75 | €13,532 | €14,859 | +€1,328 | +9.8% |
| Financial charges | 65/66B | €11,370 | €17,649 | +€6,279 | +55.2% |
| Recurring financial charges | 65 | €11,370 | €17,649 | +€6,279 | +55.2% |
| Profit (loss) for the period before taxes | 9903 | €166,681 | €91,464 | -€75,217 | -45.1% |
| Income taxes | 67/77 | €51,621 | €32,374 | -€19,247 | -37.3% |
| Profit (loss) for the period | 9904 | €115,060 | €59,090 | -€55,970 | -48.6% |
| Profit (loss) for the period to be appropriated | 9905 | €115,060 | €59,090 | -€55,970 | -48.6% |
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 13 October 2026 via checked.be.