K2MA: 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.
K2MA
Largest movements
- Tangible fixed assets -€23,852
down €23,852 (-5.9%), from €406,773 to €382,921
- Other debts -€23,000
down €23,000 (-48.9%), from €47,000 to €24,000
- Profit (loss) carried forward +€20,143
up €20,143 (+63.4%), from -€31,772 to -€11,629
- Debts after one year -€19,444
down €19,444 (-16.7%), from €116,250 to €96,806
- Gross operating margin +€3,462
up €3,462 (+6.8%), from €50,629 to €54,091
- Financial charges -€2,062
down €2,062 (-21.6%), from €9,547 to €7,485
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 | €420,950 | €397,391 | -€23,558 | -5.6% |
| Fixed assets | 21/28 | €406,773 | €382,921 | -€23,852 | -5.9% |
| Tangible fixed assets | 22/27 | €406,773 | €382,921 | -€23,852 | -5.9% |
| Land and buildings | 22 | €406,773 | €382,921 | -€23,852 | -5.9% |
| Current assets | 29/58 | €14,177 | €14,471 | +€294 | +2.1% |
| Amounts receivable within one year | 40/41 | €2,380 | €2,437 | +€58 | +2.4% |
| Trade receivables | 40 | €2,380 | €2,437 | +€58 | +2.4% |
| Cash at bank and in hand | 54/58 | €10,346 | €10,457 | +€111 | +1.1% |
| Deferred charges and accrued income | 490/1 | €1,450 | €1,576 | +€126 | +8.7% |
| Total equity and liabilities | 10/49 | €420,950 | €397,391 | -€23,558 | -5.6% |
| Equity | 10/15 | €228,228 | €248,371 | +€20,143 | +8.8% |
| Contributions | 10/11 | €260,000 | €260,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€31,772 | -€11,629 | +€20,143 | +63.4% |
| Amounts payable | 17/49 | €192,722 | €149,021 | -€43,701 | -22.7% |
| Amounts payable after more than one year | 17 | €116,250 | €96,806 | -€19,444 | -16.7% |
| Financial debts | 170/4 | €116,250 | €96,806 | -€19,444 | -16.7% |
| Amounts payable within one year | 42/48 | €66,861 | €43,762 | -€23,099 | -34.5% |
| Current portion of amounts payable after more than one year | 42 | €19,444 | €19,444 | = | 0.0% |
| Trade debts | 44 | €417 | €317 | -€99 | -23.8% |
| Suppliers | 440/4 | €417 | €317 | -€99 | -23.8% |
| Other amounts payable | 47/48 | €47,000 | €24,000 | -€23,000 | -48.9% |
| Accrued charges and deferred income | 492/3 | €9,610 | €8,453 | -€1,157 | -12.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,852 | €23,852 | = | 0.0% |
| Other operating charges | 640/8 | €2,529 | €2,611 | +€82 | +3.2% |
| Gross operating margin | 9900 | €50,629 | €54,091 | +€3,462 | +6.8% |
| Operating profit (loss) | 9901 | €24,247 | €27,627 | +€3,380 | +13.9% |
| Financial charges | 65/66B | €9,547 | €7,485 | -€2,062 | -21.6% |
| Recurring financial charges | 65 | €9,547 | €7,485 | -€2,062 | -21.6% |
| Profit (loss) for the period before taxes | 9903 | €14,700 | €20,143 | +€5,442 | +37.0% |
| Profit (loss) for the period | 9904 | €14,700 | €20,143 | +€5,442 | +37.0% |
| Profit (loss) for the period to be appropriated | 9905 | €14,700 | €20,143 | +€5,442 | +37.0% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.