K5 GROUP: 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.
K5 GROUP
Largest movements
- Tangible fixed assets -€76,647
down €76,647 (-16.8%), from €457,179 to €380,532
of which Other tangible fixed assets: -€50,020
- Receivables within one year -€28,559
down €28,559 (-26.4%), from €108,112 to €79,553
of which Trade receivables: -€37,955
- Profit (loss) carried forward -€123,846
down €123,846 (-56.1%), from -€220,919 to -€344,765
- Debts after one year +€27,000
up €27,000 (+9.2%), from €293,442 to €320,442
- Current portion of long-term debt -€17,112
down €17,112 (-45.5%), from €37,604 to €20,493
- Other debts +€10,700
new in 2025: €10,700
- Tax, wage and social debts -€5,972
down €5,972 (-78.5%), from €7,609 to €1,636
- Write-downs +€96,957
new in 2025: €96,957
- Gross operating margin +€6,368
up €6,368 (+13.3%), from €47,749 to €54,117
- Financial charges -€583
down €583 (-11.8%), from €4,941 to €4,358
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.
Derived cash bridge
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 | €569,690 | €460,459 | -€109,230 | -19.2% |
| Fixed assets | 21/28 | €457,179 | €380,532 | -€76,647 | -16.8% |
| Tangible fixed assets | 22/27 | €457,179 | €380,532 | -€76,647 | -16.8% |
| Plant, machinery and equipment | 23 | €129,010 | €105,997 | -€23,012 | -17.8% |
| Furniture and vehicles | 24 | €5,679 | €2,064 | -€3,615 | -63.7% |
| Other tangible fixed assets | 26 | €322,490 | €272,470 | -€50,020 | -15.5% |
| Current assets | 29/58 | €112,511 | €79,927 | -€32,583 | -29.0% |
| Amounts receivable within one year | 40/41 | €108,112 | €79,553 | -€28,559 | -26.4% |
| Trade receivables | 40 | €72,727 | €34,773 | -€37,955 | -52.2% |
| Other amounts receivable | 41 | €35,385 | €44,780 | +€9,396 | +26.6% |
| Cash at bank and in hand | 54/58 | €4,399 | €27 | -€4,372 | -99.4% |
| Deferred charges and accrued income | 490/1 | - | €348 | +€348 | |
| Total equity and liabilities | 10/49 | €569,690 | €460,459 | -€109,230 | -19.2% |
| Equity | 10/15 | €229,081 | €105,235 | -€123,846 | -54.1% |
| Contributions | 10/11 | €450,000 | €450,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€220,919 | -€344,765 | -€123,846 | -56.1% |
| Amounts payable | 17/49 | €340,609 | €355,224 | +€14,616 | +4.3% |
| Amounts payable after more than one year | 17 | €293,442 | €320,442 | +€27,000 | +9.2% |
| Financial debts | 170/4 | €293,442 | €320,442 | +€27,000 | +9.2% |
| Amounts payable within one year | 42/48 | €47,166 | €34,782 | -€12,384 | -26.3% |
| Current portion of amounts payable after more than one year | 42 | €37,604 | €20,493 | -€17,112 | -45.5% |
| Trade debts | 44 | €1,953 | €1,953 | = | 0.0% |
| Suppliers | 440/4 | €1,953 | €1,953 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €7,609 | €1,636 | -€5,972 | -78.5% |
| Taxes | 450/3 | €7,609 | €1,636 | -€5,972 | -78.5% |
| Other amounts payable | 47/48 | - | €10,700 | +€10,700 | |
| Non-recurring operating income | 76A | - | €4,358 | +€4,358 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €76,647 | €76,647 | = | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €96,957 | +€96,957 | |
| Gross operating margin | 9900 | €47,749 | €54,117 | +€6,368 | +13.3% |
| Operating profit (loss) | 9901 | -€28,898 | -€119,488 | -€90,590 | -313% |
| Financial charges | 65/66B | €4,941 | €4,358 | -€583 | -11.8% |
| Recurring financial charges | 65 | €4,941 | €4,358 | -€583 | -11.8% |
| Profit (loss) for the period before taxes | 9903 | -€33,839 | -€123,846 | -€90,007 | -266% |
| Profit (loss) for the period | 9904 | -€33,839 | -€123,846 | -€90,007 | -266% |
| Profit (loss) for the period to be appropriated | 9905 | -€33,839 | -€123,846 | -€90,007 | -266% |
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 16 October 2026 via checked.be.