BY KDR: 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.
BY KDR
Largest movements
- Tangible fixed assets +€789
up €789 (+75.8%), from €1,041 to €1,830
of which Plant, machinery and equipment: +€1,583
- Cash +€555
up €555 (+4.6%), from €12,092 to €12,647
mainly Net result for the year (+€4,848) and Depreciation (+€1,111)
- Receivables within one year +€242
up €242 (+19.9%), from €1,216 to €1,457
of which Trade receivables: +€552
- Profit (loss) carried forward +€4,848
up €4,848 (+2817.9%), from €172 to €5,020
- Tax, wage and social debts -€1,711
down €1,711 (-46.7%), from €3,666 to €1,955
of which Remuneration and social security: -€879
- Trade debts -€1,440
down €1,440 (-98.1%), from €1,467 to €27
- Gross operating margin +€11,119
up €11,119 (+83.1%), from €13,376 to €24,495
- Staff costs +€2,631
up €2,631 (+19.4%), from €13,596 to €16,227
- Taxes +€1,107
up €1,107 (+951.8%), from €116 to €1,223
- Financial charges +€715
up €715 (+605.7%), from €118 to €833
- Other operating charges -€599
down €599 (-70.3%), from €852 to €253
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 | €14,417 | €16,003 | +€1,586 | +11.0% |
| Fixed assets | 21/28 | €1,041 | €1,830 | +€789 | +75.8% |
| Tangible fixed assets | 22/27 | €1,041 | €1,830 | +€789 | +75.8% |
| Plant, machinery and equipment | 23 | €32 | €1,615 | +€1,583 | +5002.7% |
| Furniture and vehicles | 24 | €1,009 | €215 | -€795 | -78.7% |
| Current assets | 29/58 | €13,376 | €14,173 | +€797 | +6.0% |
| Amounts receivable within one year | 40/41 | €1,216 | €1,457 | +€242 | +19.9% |
| Trade receivables | 40 | €137 | €689 | +€552 | +401.4% |
| Other amounts receivable | 41 | €1,078 | €768 | -€310 | -28.7% |
| Cash at bank and in hand | 54/58 | €12,092 | €12,647 | +€555 | +4.6% |
| Deferred charges and accrued income | 490/1 | €68 | €68 | = | 0.0% |
| Total equity and liabilities | 10/49 | €14,417 | €16,003 | +€1,586 | +11.0% |
| Equity | 10/15 | €9,172 | €14,020 | +€4,848 | +52.9% |
| Contributions | 10/11 | €9,000 | €9,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €172 | €5,020 | +€4,848 | +2817.9% |
| Amounts payable | 17/49 | €5,245 | €1,983 | -€3,262 | -62.2% |
| Amounts payable within one year | 42/48 | €5,245 | €1,983 | -€3,262 | -62.2% |
| Trade debts | 44 | €1,467 | €27 | -€1,440 | -98.1% |
| Suppliers | 440/4 | €1,467 | €27 | -€1,440 | -98.1% |
| Taxes, remuneration and social security | 45 | €3,666 | €1,955 | -€1,711 | -46.7% |
| Taxes | 450/3 | €1,587 | €755 | -€831 | -52.4% |
| Remuneration and social security | 454/9 | €2,079 | €1,200 | -€879 | -42.3% |
| Other amounts payable | 47/48 | €111 | - | -€111 | |
| Remuneration, social security and pensions | 62 | €13,596 | €16,227 | +€2,631 | +19.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,296 | €1,111 | -€185 | -14.3% |
| Other operating charges | 640/8 | €852 | €253 | -€599 | -70.3% |
| Gross operating margin | 9900 | €13,376 | €24,495 | +€11,119 | +83.1% |
| Operating profit (loss) | 9901 | -€2,368 | €6,904 | +€9,272 | |
| Financial income | 75/76B | €3 | €0 | -€3 | -96.7% |
| Recurring financial income | 75 | €3 | €0 | -€3 | -96.7% |
| Financial charges | 65/66B | €118 | €833 | +€715 | +605.7% |
| Recurring financial charges | 65 | €118 | €833 | +€715 | +605.7% |
| Profit (loss) for the period before taxes | 9903 | -€2,483 | €6,071 | +€8,553 | |
| Income taxes | 67/77 | €116 | €1,223 | +€1,107 | +951.8% |
| Profit (loss) for the period | 9904 | -€2,599 | €4,848 | +€7,447 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,599 | €4,848 | +€7,447 |
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 10 October 2026 via checked.be.