K5 INVEST: 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.
What changed
K5 INVEST
NACE 82.990, Other business support services
financial year 2024 compared with 2023filed annual accounts (NBB)
Net result for the year
€7,158
2023 · €25,075-€17,917
Equity
€512,620
2023 · €505,462+€7,158
Cash
€116,468
2023 · €163,810-€47,341
Balance sheet total
€583,290
2023 · €597,058-€13,768
Largest movements
Assets
- Cash -€47,341
down €47,341 (-28.9%), from €163,810 to €116,468
mainly Investment in fixed assets (net) (-€48,760) and Tax, wage and social debts (-€13,976)
- Tangible fixed assets +€24,044
up €24,044 (+5.6%), from €430,037 to €454,082
of which Land and buildings: +€15,334
- Receivables within one year +€7,491
up €7,491 (+233%), from €3,211 to €10,702
of which Other amounts receivable: +€7,491
Equity and liabilities
- Tax, wage and social debts -€13,976
down €13,976 (-92.7%), from €15,070 to €1,094
of which Taxes: -€13,976
- Reserves +€7,158
up €7,158 (+3.3%), from €215,462 to €222,620
of which Distributable reserves: +€7,158
Income statement
- Gross operating margin -€24,155
down €24,155 (-33.7%), from €71,689 to €47,534
- Taxes -€10,039
down €10,039 (-80.0%), from €12,548 to €2,509
- Other operating charges +€5,315
up €5,315 (+115%), from €4,602 to €9,916
- Financial charges -€1,273
down €1,273 (-26.6%), from €4,778 to €3,505
From the 2023 result to the 2024 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.
Result 2023
€25,075
Gross operating margin
-€24,155
Depreciation
+€581
Other operating charges
-€5,315
Financial income
-€340
Financial charges
+€1,273
Taxes
+€10,039
Result 2024
€7,158
raises the resultlowers the result
Derived cash bridge
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€1,419
Investment
-€48,760
Financing
+€0
Cash 2023
€163,810
From operations (derived)
+€1,419
Net result for the year
+€7,158
Depreciation
+€24,716
Receivables within one year
-€7,491
Deferred charges and accrued income
-€2,038
Trade debts
-€3,112
Tax, wage and social debts
-€13,976
Other debts
-€3,838
Investment (derived)
-€48,760
Investment in fixed assets (net)
-€48,760
Financing
+€0
Contributions, distributions and other
+€0
Cash 2024
€116,468
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €597,058 | €583,290 | -€13,768 | -2.3% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €430,037 | €454,082 | +€24,044 | +5.6% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €430,037 | €454,082 | +€24,044 | +5.6% |
| Land and buildings | 22 | €430,037 | €445,372 | +€15,334 | +3.6% |
| Plant, machinery and equipment | 23 | €0 | €8,710 | +€8,710 | |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Leasing and similar rights | 25 | €0 | €0 | = | |
| Other tangible fixed assets | 26 | €0 | €0 | = | |
| Assets under construction and advance payments | 27 | €0 | €0 | = | |
| Financial fixed assets | 28 | €0 | €0 | = | |
| Current assets | 29/58 | €167,020 | €129,208 | -€37,812 | -22.6% |
| Amounts receivable after more than one year | 29 | €0 | €0 | = | |
| Trade receivables | 290 | €0 | €0 | = | |
| Other amounts receivable | 291 | €0 | €0 | = | |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Stocks | 30/36 | €0 | €0 | = | |
| Contracts in progress | 37 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €3,211 | €10,702 | +€7,491 | +233% |
| Trade receivables | 40 | €3,211 | €3,211 | = | 0.0% |
| Other amounts receivable | 41 | €0 | €7,491 | +€7,491 | |
| Current investments | 50/53 | €0 | €0 | = | |
| Cash at bank and in hand | 54/58 | €163,810 | €116,468 | -€47,341 | -28.9% |
| Deferred charges and accrued income | 490/1 | €0 | €2,038 | +€2,038 | |
| Total equity and liabilities | 10/49 | €597,058 | €583,290 | -€13,768 | -2.3% |
| Equity | 10/15 | €505,462 | €512,620 | +€7,158 | +1.4% |
| Contributions | 10/11 | €290,000 | €290,000 | = | 0.0% |
| Revaluation surpluses | 12 | €0 | €0 | = | |
| Reserves | 13 | €215,462 | €222,620 | +€7,158 | +3.3% |
| Non-distributable reserves | 130/1 | €11,552 | €11,552 | = | 0.0% |
| Reserves not available under the articles | 1311 | €11,552 | €11,552 | = | 0.0% |
| Own shares acquired | 1312 | €0 | €0 | = | |
| Financial assistance | 1313 | €0 | €0 | = | |
| Other | 1319 | €0 | €0 | = | |
| Tax-exempt reserves | 132 | €0 | €0 | = | |
| Distributable reserves | 133 | €203,910 | €211,068 | +€7,158 | +3.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | +€0 | |
| Investment grants | 15 | €0 | €0 | = | |
| Advance to shareholders on the distribution of net assets | 19 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €0 | €0 | = | |
| Provisions for liabilities and charges | 160/5 | €0 | €0 | = | |
| Pensions and similar obligations | 160 | €0 | €0 | = | |
| Taxes | 161 | €0 | €0 | = | |
| Major repairs and maintenance | 162 | €0 | €0 | = | |
| Environmental obligations | 163 | €0 | €0 | = | |
| Other liabilities and charges | 164/5 | €0 | €0 | = | |
| Deferred taxes | 168 | €0 | €0 | = | |
| Amounts payable | 17/49 | €91,596 | €70,670 | -€20,925 | -22.8% |
| Amounts payable after more than one year | 17 | €0 | €0 | = | |
| Financial debts | 170/4 | €0 | €0 | = | |
| Trade debts | 175 | €0 | €0 | = | |
| Advances received on contracts in progress | 176 | €0 | €0 | = | |
| Other amounts payable | 178/9 | €0 | €0 | = | |
| Amounts payable within one year | 42/48 | €91,596 | €70,670 | -€20,925 | -22.8% |
| Current portion of amounts payable after more than one year | 42 | €0 | €0 | = | |
| Financial debts | 43 | €0 | €0 | = | |
| Credit institutions | 430/8 | €0 | €0 | = | |
| Other loans | 439 | €0 | €0 | = | |
| Trade debts | 44 | €18,383 | €15,271 | -€3,112 | -16.9% |
| Suppliers | 440/4 | €18,383 | €15,271 | -€3,112 | -16.9% |
| Bills of exchange payable | 441 | €0 | €0 | = | |
| Advances received on contracts in progress | 46 | €0 | €0 | = | |
| Taxes, remuneration and social security | 45 | €15,070 | €1,094 | -€13,976 | -92.7% |
| Taxes | 450/3 | €15,070 | €1,094 | -€13,976 | -92.7% |
| Remuneration and social security | 454/9 | €0 | €0 | = | |
| Other amounts payable | 47/48 | €58,143 | €54,305 | -€3,838 | -6.6% |
| Accrued charges and deferred income | 492/3 | €0 | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,297 | €24,716 | -€581 | -2.3% |
| Other operating charges | 640/8 | €4,602 | €9,916 | +€5,315 | +115% |
| Gross operating margin | 9900 | €71,689 | €47,534 | -€24,155 | -33.7% |
| Operating profit (loss) | 9901 | €41,791 | €12,901 | -€28,889 | -69.1% |
| Financial income | 75/76B | €610 | €270 | -€340 | -55.8% |
| Recurring financial income | 75 | €610 | €270 | -€340 | -55.8% |
| Financial charges | 65/66B | €4,778 | €3,505 | -€1,273 | -26.6% |
| Recurring financial charges | 65 | €4,778 | €3,505 | -€1,273 | -26.6% |
| Profit (loss) for the period before taxes | 9903 | €37,623 | €9,667 | -€27,956 | -74.3% |
| Income taxes | 67/77 | €12,548 | €2,509 | -€10,039 | -80.0% |
| Profit (loss) for the period | 9904 | €25,075 | €7,158 | -€17,917 | -71.5% |
| Profit (loss) for the period to be appropriated | 9905 | €25,075 | €7,158 | -€17,917 | -71.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.