K42ML: 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.
K42ML
Largest movements
- Cash +€599,926
up €599,926 (+1187.9%), from €50,502 to €650,428
mainly Current investments (+€493,305) and Net result for the year (+€115,132)
- Current investments -€493,305
down €493,305 (-89.2%), from €553,057 to €59,752
- Receivables within one year -€19,632
down €19,632 (-47.1%), from €41,724 to €22,092
- Reserves +€115,132
up €115,132 (+16.4%), from €700,752 to €815,884
of which Distributable reserves: +€115,132
- Debts after one year -€29,621
down €29,621 (-23.8%), from €124,378 to €94,758
- Gross operating margin +€11,503
up €11,503 (+7.6%), from €152,330 to €163,833
- Financial income +€10,782
up €10,782 (+71.5%), from €15,075 to €25,857
- Taxes +€6,784
up €6,784 (+16.6%), from €40,910 to €47,694
- Financial charges -€6,713
down €6,713 (-39.0%), from €17,215 to €10,501
- Depreciation +€2,609
up €2,609 (+31.7%), from €8,218 to €10,827
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 | €878,778 | €973,164 | +€94,386 | +10.7% |
| Fixed assets | 21/28 | €224,983 | €232,673 | +€7,690 | +3.4% |
| Tangible fixed assets | 22/27 | €224,983 | €232,673 | +€7,690 | +3.4% |
| Land and buildings | 22 | €207,856 | €220,730 | +€12,874 | +6.2% |
| Plant, machinery and equipment | 23 | €873 | €279 | -€594 | -68.0% |
| Furniture and vehicles | 24 | €16,254 | €11,664 | -€4,590 | -28.2% |
| Current assets | 29/58 | €653,795 | €740,490 | +€86,696 | +13.3% |
| Amounts receivable within one year | 40/41 | €41,724 | €22,092 | -€19,632 | -47.1% |
| Trade receivables | 40 | €41,724 | €22,092 | -€19,632 | -47.1% |
| Current investments | 50/53 | €553,057 | €59,752 | -€493,305 | -89.2% |
| Cash at bank and in hand | 54/58 | €50,502 | €650,428 | +€599,926 | +1187.9% |
| Deferred charges and accrued income | 490/1 | €8,512 | €8,218 | -€294 | -3.5% |
| Total equity and liabilities | 10/49 | €878,778 | €973,164 | +€94,386 | +10.7% |
| Equity | 10/15 | €715,152 | €834,484 | +€119,332 | +16.7% |
| Contributions | 10/11 | €14,400 | €18,600 | +€4,200 | +29.2% |
| Reserves | 13 | €700,752 | €815,884 | +€115,132 | +16.4% |
| Tax-exempt reserves | 132 | €10,000 | €10,000 | = | 0.0% |
| Distributable reserves | 133 | €690,752 | €805,884 | +€115,132 | +16.7% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €163,626 | €138,680 | -€24,946 | -15.2% |
| Amounts payable after more than one year | 17 | €124,378 | €94,758 | -€29,621 | -23.8% |
| Other amounts payable | 178/9 | €124,378 | €94,758 | -€29,621 | -23.8% |
| Amounts payable within one year | 42/48 | €39,095 | €43,922 | +€4,828 | +12.3% |
| Trade debts | 44 | €6,964 | €9,844 | +€2,879 | +41.3% |
| Suppliers | 440/4 | €6,964 | €9,844 | +€2,879 | +41.3% |
| Taxes, remuneration and social security | 45 | €20,532 | €27,510 | +€6,978 | +34.0% |
| Taxes | 450/3 | €20,532 | €27,510 | +€6,978 | +34.0% |
| Other amounts payable | 47/48 | €11,598 | €6,568 | -€5,030 | -43.4% |
| Accrued charges and deferred income | 492/3 | €153 | €0 | -€153 | -100.0% |
| Non-recurring operating income | 76A | €3,156 | €0 | -€3,156 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,218 | €10,827 | +€2,609 | +31.7% |
| Other operating charges | 640/8 | €5,156 | €5,537 | +€381 | +7.4% |
| Non-recurring operating charges | 66A | €456 | €0 | -€456 | -100.0% |
| Gross operating margin | 9900 | €152,330 | €163,833 | +€11,503 | +7.6% |
| Operating profit (loss) | 9901 | €138,499 | €147,470 | +€8,970 | +6.5% |
| Financial income | 75/76B | €15,075 | €25,857 | +€10,782 | +71.5% |
| Recurring financial income | 75 | €15,075 | €25,857 | +€10,782 | +71.5% |
| Financial charges | 65/66B | €17,215 | €10,501 | -€6,713 | -39.0% |
| Recurring financial charges | 65 | €17,215 | €10,501 | -€6,713 | -39.0% |
| Profit (loss) for the period before taxes | 9903 | €136,360 | €162,826 | +€26,466 | +19.4% |
| Income taxes | 67/77 | €40,910 | €47,694 | +€6,784 | +16.6% |
| Profit (loss) for the period | 9904 | €95,449 | €115,132 | +€19,682 | +20.6% |
| Profit (loss) for the period to be appropriated | 9905 | €95,449 | €115,132 | +€19,682 | +20.6% |
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 11 October 2026 via checked.be.