K2O: 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.
K2O
Largest movements
- Receivables within one year +€32,672
up €32,672 (+116.1%), from €28,131 to €60,802
of which Trade receivables: +€33,534
- Tangible fixed assets -€11,333
down €11,333 (-32.8%), from €34,586 to €23,253
of which Furniture and vehicles: -€7,494
- Cash +€2,265
up €2,265 (+14.1%), from €16,012 to €18,277
mainly Trade debts (+€31,586) and Net result for the year (+€18,026)
- Other debts -€39,456
down €39,456 (-90.9%), from €43,418 to €3,962
- Trade debts +€31,586
up €31,586 (+613.3%), from €5,150 to €36,736
- Reserves +€16,000
up €16,000 (+80.0%), from €20,000 to €36,000
- Tax, wage and social debts +€15,326
up €15,326 (+150.3%), from €10,199 to €25,525
of which Taxes: +€17,701
- Gross operating margin -€18,200
down €18,200 (-26.8%), from €67,993 to €49,793
- Staff costs +€13,271
up €13,271 (+917.0%), from €1,447 to €14,719
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 | €80,255 | €104,070 | +€23,816 | +29.7% |
| Fixed assets | 21/28 | €34,791 | €23,458 | -€11,333 | -32.6% |
| Tangible fixed assets | 22/27 | €34,586 | €23,253 | -€11,333 | -32.8% |
| Plant, machinery and equipment | 23 | €12,523 | €8,684 | -€3,839 | -30.7% |
| Furniture and vehicles | 24 | €22,063 | €14,569 | -€7,494 | -34.0% |
| Financial fixed assets | 28 | €205 | €205 | = | 0.0% |
| Current assets | 29/58 | €45,464 | €80,612 | +€35,148 | +77.3% |
| Stocks and contracts in progress | 3 | €500 | €500 | = | 0.0% |
| Stocks | 30/36 | €500 | €500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €28,131 | €60,802 | +€32,672 | +116.1% |
| Trade receivables | 40 | €20,649 | €54,183 | +€33,534 | +162.4% |
| Other amounts receivable | 41 | €7,482 | €6,619 | -€863 | -11.5% |
| Cash at bank and in hand | 54/58 | €16,012 | €18,277 | +€2,265 | +14.1% |
| Deferred charges and accrued income | 490/1 | €822 | €1,033 | +€211 | +25.7% |
| Total equity and liabilities | 10/49 | €80,255 | €104,070 | +€23,816 | +29.7% |
| Equity | 10/15 | €21,488 | €37,848 | +€16,360 | +76.1% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €20,000 | €36,000 | +€16,000 | +80.0% |
| Distributable reserves | 133 | €20,000 | €36,000 | +€16,000 | +80.0% |
| Profit (loss) carried forward | 14 | €488 | €848 | +€360 | +73.9% |
| Amounts payable | 17/49 | €58,767 | €66,222 | +€7,455 | +12.7% |
| Amounts payable within one year | 42/48 | €58,767 | €66,222 | +€7,455 | +12.7% |
| Trade debts | 44 | €5,150 | €36,736 | +€31,586 | +613.3% |
| Suppliers | 440/4 | €5,150 | €36,736 | +€31,586 | +613.3% |
| Taxes, remuneration and social security | 45 | €10,199 | €25,525 | +€15,326 | +150.3% |
| Taxes | 450/3 | €6,176 | €23,877 | +€17,701 | +286.6% |
| Remuneration and social security | 454/9 | €4,023 | €1,648 | -€2,375 | -59.0% |
| Other amounts payable | 47/48 | €43,418 | €3,962 | -€39,456 | -90.9% |
| Remuneration, social security and pensions | 62 | €1,447 | €14,719 | +€13,271 | +917.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,084 | €11,333 | +€249 | +2.2% |
| Other operating charges | 640/8 | €272 | €298 | +€25 | +9.3% |
| Non-recurring operating charges | 66A | €233 | €58 | -€175 | -75.1% |
| Gross operating margin | 9900 | €67,993 | €49,793 | -€18,200 | -26.8% |
| Operating profit (loss) | 9901 | €54,956 | €23,386 | -€31,571 | -57.4% |
| Financial income | 75/76B | €510 | €583 | +€72 | +14.1% |
| Recurring financial income | 75 | €510 | €583 | +€72 | +14.1% |
| Financial charges | 65/66B | €85 | €136 | +€51 | +60.1% |
| Recurring financial charges | 65 | €85 | €136 | +€51 | +60.1% |
| Profit (loss) for the period before taxes | 9903 | €55,382 | €23,832 | -€31,550 | -57.0% |
| Income taxes | 67/77 | €6,176 | €5,806 | -€370 | -6.0% |
| Profit (loss) for the period | 9904 | €49,206 | €18,026 | -€31,180 | -63.4% |
| Profit (loss) for the period to be appropriated | 9905 | €49,206 | €18,026 | -€31,180 | -63.4% |
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.