K2MCo: 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.
K2MCo
Largest movements
- Cash -€200,369
down €200,369 (-54.6%), from €366,736 to €166,367
mainly Contributions, distributions and other (-€300,000) and Receivables within one year (-€24,232)
- Financial fixed assets -€25,454
down €25,454 (-33.5%), from €76,000 to €50,546
- Receivables within one year +€24,232
up €24,232 (+48.7%), from €49,754 to €73,987
of which Trade receivables: +€55,448
- Reserves -€193,000
down €193,000 (-44.3%), from €435,855 to €242,855
of which Distributable reserves: -€191,145
- Trade debts -€11,282
down €11,282 (-78.4%), from €14,389 to €3,107
- Financial income -€47,573
down €47,573 (-75.1%), from €63,329 to €15,756
- Gross operating margin +€46,373
up €46,373 (+59.1%), from €78,445 to €124,817
- Financial charges -€10,318
down €10,318 (-98.5%), from €10,473 to €155
- Taxes +€2,230
up €2,230 (+8.0%), from €27,937 to €30,167
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 | €501,333 | €298,013 | -€203,321 | -40.6% |
| Fixed assets | 21/28 | €84,843 | €57,320 | -€27,523 | -32.4% |
| Tangible fixed assets | 22/27 | €8,843 | €6,773 | -€2,069 | -23.4% |
| Furniture and vehicles | 24 | €8,843 | €6,773 | -€2,069 | -23.4% |
| Financial fixed assets | 28 | €76,000 | €50,546 | -€25,454 | -33.5% |
| Current assets | 29/58 | €416,491 | €240,693 | -€175,798 | -42.2% |
| Amounts receivable within one year | 40/41 | €49,754 | €73,987 | +€24,232 | +48.7% |
| Trade receivables | 40 | €10,800 | €66,248 | +€55,448 | +513.4% |
| Other amounts receivable | 41 | €38,954 | €7,739 | -€31,215 | -80.1% |
| Cash at bank and in hand | 54/58 | €366,736 | €166,367 | -€200,369 | -54.6% |
| Deferred charges and accrued income | 490/1 | - | €339 | +€339 | |
| Total equity and liabilities | 10/49 | €501,333 | €298,013 | -€203,321 | -40.6% |
| Equity | 10/15 | €454,908 | €261,809 | -€193,099 | -42.4% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €435,855 | €242,855 | -€193,000 | -44.3% |
| Non-distributable reserves | 130/1 | €1,855 | €0 | -€1,855 | -100.0% |
| Reserves not available under the articles | 1311 | €1,855 | €0 | -€1,855 | -100.0% |
| Distributable reserves | 133 | €434,000 | €242,855 | -€191,145 | -44.0% |
| Profit (loss) carried forward | 14 | €503 | €404 | -€99 | -19.6% |
| Amounts payable | 17/49 | €46,426 | €36,204 | -€10,222 | -22.0% |
| Amounts payable within one year | 42/48 | €46,412 | €36,204 | -€10,209 | -22.0% |
| Trade debts | 44 | €14,389 | €3,107 | -€11,282 | -78.4% |
| Suppliers | 440/4 | €14,389 | €3,107 | -€11,282 | -78.4% |
| Taxes, remuneration and social security | 45 | €24,568 | €25,842 | +€1,274 | +5.2% |
| Taxes | 450/3 | €24,568 | €25,842 | +€1,274 | +5.2% |
| Other amounts payable | 47/48 | €7,455 | €7,254 | -€200 | -2.7% |
| Accrued charges and deferred income | 492/3 | €13 | €0 | -€13 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,763 | €3,274 | +€512 | +18.5% |
| Other operating charges | 640/8 | €151 | €75 | -€75 | -50.0% |
| Gross operating margin | 9900 | €78,445 | €124,817 | +€46,373 | +59.1% |
| Operating profit (loss) | 9901 | €75,531 | €121,468 | +€45,936 | +60.8% |
| Financial income | 75/76B | €63,329 | €15,756 | -€47,573 | -75.1% |
| Recurring financial income | 75 | €63,329 | €15,756 | -€47,573 | -75.1% |
| Financial charges | 65/66B | €10,473 | €155 | -€10,318 | -98.5% |
| Recurring financial charges | 65 | €10,473 | €155 | -€10,318 | -98.5% |
| Profit (loss) for the period before taxes | 9903 | €128,388 | €137,068 | +€8,681 | +6.8% |
| Income taxes | 67/77 | €27,937 | €30,167 | +€2,230 | +8.0% |
| Profit (loss) for the period | 9904 | €100,450 | €106,901 | +€6,451 | +6.4% |
| Profit (loss) for the period to be appropriated | 9905 | €100,450 | €106,901 | +€6,451 | +6.4% |
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 7 October 2026 via checked.be.