K5+D: what changed
K5+D
Largest movements
- Cash +€3,947
up €3,947 (+13.1%), from €30,096 to €34,043
mainly Net result for the year (+€2,442) and Receivables within one year (+€1,318)
- Receivables within one year -€1,318
down €1,318 (-19.4%), from €6,778 to €5,460
of which Other amounts receivable: -€1,298
- Tangible fixed assets -€751
down €751 (-25.8%), from €2,911 to €2,160
of which Other tangible fixed assets: -€509
- Reserves +€2,442
up €2,442 (+11.6%), from €21,054 to €23,496
- Trade debts -€453
down €453 (-77.0%), from €589 to €135
- Gross operating margin -€2,651
down €2,651 (-28.2%), from €9,387 to €6,737
- Taxes -€731
down €731 (-23.4%), from €3,131 to €2,399
- Depreciation +€442
up €442 (+143%), from €309 to €751
- Financial charges -€165
down €165 (-21.5%), from €766 to €601
- Financial income +€118
up €118 (+69.7%), from €170 to €288
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €40,920 | €42,876 | +€1,956 | +4.8% |
| Fixed assets | 21/28 | €2,911 | €2,160 | -€751 | -25.8% |
| Tangible fixed assets | 22/27 | €2,911 | €2,160 | -€751 | -25.8% |
| Furniture and vehicles | 24 | €434 | €192 | -€242 | -55.8% |
| Other tangible fixed assets | 26 | €2,477 | €1,968 | -€509 | -20.5% |
| Current assets | 29/58 | €38,009 | €40,716 | +€2,707 | +7.1% |
| Amounts receivable within one year | 40/41 | €6,778 | €5,460 | -€1,318 | -19.4% |
| Trade receivables | 40 | €1,385 | €1,365 | -€20 | -1.4% |
| Other amounts receivable | 41 | €5,394 | €4,096 | -€1,298 | -24.1% |
| Cash at bank and in hand | 54/58 | €30,096 | €34,043 | +€3,947 | +13.1% |
| Deferred charges and accrued income | 490/1 | €1,135 | €1,212 | +€77 | +6.8% |
| Total equity and liabilities | 10/49 | €40,920 | €42,876 | +€1,956 | +4.8% |
| Equity | 10/15 | €39,654 | €42,096 | +€2,442 | +6.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €21,054 | €23,496 | +€2,442 | +11.6% |
| Distributable reserves | 133 | €21,054 | €23,496 | +€2,442 | +11.6% |
| Amounts payable | 17/49 | €1,266 | €780 | -€486 | -38.4% |
| Amounts payable within one year | 42/48 | €1,266 | €780 | -€486 | -38.4% |
| Trade debts | 44 | €589 | €135 | -€453 | -77.0% |
| Suppliers | 440/4 | €589 | €135 | -€453 | -77.0% |
| Taxes, remuneration and social security | 45 | €677 | €644 | -€33 | -4.9% |
| Taxes | 450/3 | €677 | €644 | -€33 | -4.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €309 | €751 | +€442 | +143% |
| Other operating charges | 640/8 | €805 | €832 | +€27 | +3.3% |
| Gross operating margin | 9900 | €9,387 | €6,737 | -€2,651 | -28.2% |
| Operating profit (loss) | 9901 | €8,273 | €5,154 | -€3,119 | -37.7% |
| Financial income | 75/76B | €170 | €288 | +€118 | +69.7% |
| Recurring financial income | 75 | €170 | €288 | +€118 | +69.7% |
| Financial charges | 65/66B | €766 | €601 | -€165 | -21.5% |
| Recurring financial charges | 65 | €766 | €601 | -€165 | -21.5% |
| Profit (loss) for the period before taxes | 9903 | €7,678 | €4,842 | -€2,836 | -36.9% |
| Income taxes | 67/77 | €3,131 | €2,399 | -€731 | -23.4% |
| Profit (loss) for the period | 9904 | €4,547 | €2,442 | -€2,105 | -46.3% |
| Profit (loss) for the period to be appropriated | 9905 | €4,547 | €2,442 | -€2,105 | -46.3% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 April 2024 and 30 April 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.