HOLIDAYS by KYD: what changed
HOLIDAYS by KYD
Largest movements
- Cash -€18,293
down €18,293 (-84.4%), from €21,677 to €3,385
mainly Net result for the year (-€13,088) and Investment in fixed assets (net) (-€4,500)
- Tangible fixed assets +€3,790
new in 2025: €3,790
- Deferred charges and accrued income +€1,874
up €1,874 (+281%), from €668 to €2,542
- Formation expenses -€658
down €658 (-22.7%), from €2,895 to €2,237
- Profit (loss) carried forward -€13,088
down €13,088 (-74.0%), from -€17,698 to -€30,785
- Accrued charges and deferred income -€598
down €598 (-26.2%), from €2,288 to €1,689
- Trade debts +€400
up €400 (+21.0%), from €1,901 to €2,301
- Gross operating margin +€5,538
up €5,538 (+33.1%), from -€16,708 to -€11,170
- Depreciation +€973
up €973 (+246%), from €395 to €1,368
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 | €26,522 | €13,235 | -€13,286 | -50.1% |
| Formation expenses | 20 | €2,895 | €2,237 | -€658 | -22.7% |
| Fixed assets | 21/28 | - | €3,790 | +€3,790 | |
| Tangible fixed assets | 22/27 | - | €3,790 | +€3,790 | |
| Plant, machinery and equipment | 23 | - | €3,790 | +€3,790 | |
| Current assets | 29/58 | €23,627 | €7,208 | -€16,418 | -69.5% |
| Amounts receivable within one year | 40/41 | €1,282 | €1,282 | = | 0.0% |
| Trade receivables | 40 | €1,282 | €1,282 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €21,677 | €3,385 | -€18,293 | -84.4% |
| Deferred charges and accrued income | 490/1 | €668 | €2,542 | +€1,874 | +281% |
| Total equity and liabilities | 10/49 | €26,522 | €13,235 | -€13,286 | -50.1% |
| Equity | 10/15 | €22,302 | €9,215 | -€13,088 | -58.7% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€17,698 | -€30,785 | -€13,088 | -74.0% |
| Amounts payable | 17/49 | €4,219 | €4,021 | -€199 | -4.7% |
| Amounts payable within one year | 42/48 | €1,931 | €2,331 | +€400 | +20.7% |
| Trade debts | 44 | €1,901 | €2,301 | +€400 | +21.0% |
| Suppliers | 440/4 | €1,901 | €2,301 | +€400 | +21.0% |
| Other amounts payable | 47/48 | €30 | €30 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €2,288 | €1,689 | -€598 | -26.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €395 | €1,368 | +€973 | +246% |
| Other operating charges | 640/8 | €562 | €501 | -€60 | -10.7% |
| Gross operating margin | 9900 | -€16,708 | -€11,170 | +€5,538 | +33.1% |
| Operating profit (loss) | 9901 | -€17,665 | -€13,040 | +€4,625 | +26.2% |
| Financial charges | 65/66B | €33 | €48 | +€16 | +47.7% |
| Recurring financial charges | 65 | €33 | €48 | +€16 | +47.7% |
| Profit (loss) for the period before taxes | 9903 | -€17,698 | -€13,088 | +€4,610 | +26.0% |
| Profit (loss) for the period | 9904 | -€17,698 | -€13,088 | +€4,610 | +26.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€17,698 | -€13,088 | +€4,610 | +26.0% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.