K2TOG: 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.
K2TOG
Largest movements
- Cash +€23,820
up €23,820 (+168.7%), from €14,122 to €37,942
mainly Net result for the year (+€16,779) and Tax, wage and social debts (+€8,947)
- Stocks and contracts -€6,929
down €6,929 (-9.7%), from €71,474 to €64,545
- Tangible fixed assets -€4,720
down €4,720 (-17.1%), from €27,617 to €22,897
of which Other tangible fixed assets: -€3,424
- Debts after one year -€17,924
down €17,924 (-37.2%), from €48,224 to €30,300
of which Financial debts: -€10,724
- Profit (loss) carried forward +€16,779
up €16,779 (+63.7%), from €26,332 to €43,111
- Tax, wage and social debts +€8,947
up €8,947 (+243.3%), from €3,678 to €12,625
- Accrued charges and deferred income +€1,695
up €1,695 (+19.6%), from €8,630 to €10,324
- Other debts +€1,652
up €1,652 (+38.8%), from €4,264 to €5,916
- Gross operating margin +€2,288
up €2,288 (+7.3%), from €31,468 to €33,757
- Taxes +€2,013
up €2,013 (+54.6%), from €3,684 to €5,696
- Financial charges -€956
down €956 (-24.1%), from €3,960 to €3,004
- Depreciation -€370
down €370 (-4.6%), from €8,117 to €7,746
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 | €122,516 | €133,624 | +€11,108 | +9.1% |
| Formation expenses | 20 | €665 | €333 | -€331 | -49.9% |
| Fixed assets | 21/28 | €29,012 | €23,663 | -€5,349 | -18.4% |
| Intangible fixed assets | 21 | €1,395 | €766 | -€629 | -45.1% |
| Tangible fixed assets | 22/27 | €27,617 | €22,897 | -€4,720 | -17.1% |
| Plant, machinery and equipment | 23 | €481 | €30 | -€450 | -93.7% |
| Furniture and vehicles | 24 | €6,631 | €5,787 | -€845 | -12.7% |
| Other tangible fixed assets | 26 | €20,505 | €17,080 | -€3,424 | -16.7% |
| Current assets | 29/58 | €92,840 | €109,628 | +€16,788 | +18.1% |
| Stocks and contracts in progress | 3 | €71,474 | €64,545 | -€6,929 | -9.7% |
| Stocks | 30/36 | €71,474 | €64,545 | -€6,929 | -9.7% |
| Amounts receivable within one year | 40/41 | €5,998 | €5,857 | -€140 | -2.3% |
| Trade receivables | 40 | €5,734 | €5,857 | +€123 | +2.1% |
| Other amounts receivable | 41 | €263 | - | -€263 | |
| Cash at bank and in hand | 54/58 | €14,122 | €37,942 | +€23,820 | +168.7% |
| Deferred charges and accrued income | 490/1 | €1,247 | €1,284 | +€37 | +3.0% |
| Total equity and liabilities | 10/49 | €122,516 | €133,624 | +€11,108 | +9.1% |
| Equity | 10/15 | €46,332 | €63,111 | +€16,779 | +36.2% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €26,332 | €43,111 | +€16,779 | +63.7% |
| Amounts payable | 17/49 | €76,184 | €70,513 | -€5,671 | -7.4% |
| Amounts payable after more than one year | 17 | €48,224 | €30,300 | -€17,924 | -37.2% |
| Financial debts | 170/4 | €10,724 | - | -€10,724 | |
| Other amounts payable | 178/9 | €37,500 | €30,300 | -€7,200 | -19.2% |
| Amounts payable within one year | 42/48 | €19,331 | €29,889 | +€10,557 | +54.6% |
| Current portion of amounts payable after more than one year | 42 | €10,450 | €10,723 | +€273 | +2.6% |
| Trade debts | 44 | €939 | €624 | -€315 | -33.5% |
| Suppliers | 440/4 | €939 | €624 | -€315 | -33.5% |
| Taxes, remuneration and social security | 45 | €3,678 | €12,625 | +€8,947 | +243.3% |
| Taxes | 450/3 | €3,678 | €12,625 | +€8,947 | +243.3% |
| Other amounts payable | 47/48 | €4,264 | €5,916 | +€1,652 | +38.8% |
| Accrued charges and deferred income | 492/3 | €8,630 | €10,324 | +€1,695 | +19.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,117 | €7,746 | -€370 | -4.6% |
| Other operating charges | 640/8 | €1,312 | €1,140 | -€172 | -13.1% |
| Gross operating margin | 9900 | €31,468 | €33,757 | +€2,288 | +7.3% |
| Operating profit (loss) | 9901 | €22,040 | €24,871 | +€2,831 | +12.8% |
| Financial income | 75/76B | €316 | €609 | +€293 | +92.4% |
| Recurring financial income | 75 | €316 | €609 | +€293 | +92.4% |
| Financial charges | 65/66B | €3,960 | €3,004 | -€956 | -24.1% |
| Recurring financial charges | 65 | €3,960 | €3,004 | -€956 | -24.1% |
| Profit (loss) for the period before taxes | 9903 | €18,396 | €22,476 | +€4,079 | +22.2% |
| Income taxes | 67/77 | €3,684 | €5,696 | +€2,013 | +54.6% |
| Profit (loss) for the period | 9904 | €14,713 | €16,779 | +€2,067 | +14.0% |
| Profit (loss) for the period to be appropriated | 9905 | €14,713 | €16,779 | +€2,067 | +14.0% |
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 5 October 2026 via checked.be.