K.B.I.: 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.
K.B.I.
Largest movements
- Tangible fixed assets +€193,406
up €193,406 (+266.9%), from €72,470 to €265,876
of which Land and buildings: +€189,528
- Deferred charges and accrued income +€33,103
up €33,103 (+758.7%), from €4,363 to €37,467
- Cash +€12,165
up €12,165 (+1.5%), from €797,239 to €809,404
mainly Trade debts (+€128,989) and Net result for the year (+€88,675)
- Trade debts +€128,989
up €128,989 (+13812.8%), from €934 to €129,923
- Reserves +€88,675
up €88,675 (+16.2%), from €546,634 to €635,309
of which Distributable reserves: +€88,675
- Tax, wage and social debts +€24,387
up €24,387 (+2331.7%), from €1,046 to €25,433
- Staff costs -€106,768
no longer reported in 2025 (was €106,768)
- Gross operating margin -€105,005
down €105,005 (-42.4%), from €247,497 to €142,492
- Depreciation -€13,121
down €13,121 (-48.8%), from €26,911 to €13,790
- Other operating charges +€3,859
up €3,859 (+29.3%), from €13,171 to €17,030
- Taxes -€3,374
down €3,374 (-13.0%), from €26,036 to €22,662
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 | €891,422 | €1,130,973 | +€239,551 | +26.9% |
| Fixed assets | 21/28 | €72,470 | €265,876 | +€193,406 | +266.9% |
| Tangible fixed assets | 22/27 | €72,470 | €265,876 | +€193,406 | +266.9% |
| Land and buildings | 22 | €64,580 | €254,108 | +€189,528 | +293.5% |
| Plant, machinery and equipment | 23 | €7,890 | €11,768 | +€3,879 | +49.2% |
| Current assets | 29/58 | €818,952 | €865,096 | +€46,145 | +5.6% |
| Amounts receivable within one year | 40/41 | €17,350 | €18,226 | +€876 | +5.0% |
| Trade receivables | 40 | €17,277 | €15,888 | -€1,389 | -8.0% |
| Other amounts receivable | 41 | €73 | €2,338 | +€2,265 | +3099.5% |
| Cash at bank and in hand | 54/58 | €797,239 | €809,404 | +€12,165 | +1.5% |
| Deferred charges and accrued income | 490/1 | €4,363 | €37,467 | +€33,103 | +758.7% |
| Total equity and liabilities | 10/49 | €891,422 | €1,130,973 | +€239,551 | +26.9% |
| Equity | 10/15 | €850,634 | €939,309 | +€88,675 | +10.4% |
| Contributions | 10/11 | €304,000 | €304,000 | = | 0.0% |
| Capital | 10 | €304,000 | €304,000 | = | 0.0% |
| Issued capital | 100 | €304,000 | €304,000 | = | 0.0% |
| Reserves | 13 | €546,634 | €635,309 | +€88,675 | +16.2% |
| Non-distributable reserves | 130/1 | €30,400 | €30,400 | = | 0.0% |
| Legal reserve | 130 | €30,400 | €30,400 | = | 0.0% |
| Distributable reserves | 133 | €516,234 | €604,909 | +€88,675 | +17.2% |
| Amounts payable | 17/49 | €40,787 | €191,663 | +€150,876 | +369.9% |
| Amounts payable after more than one year | 17 | €36,307 | €36,307 | = | 0.0% |
| Other amounts payable | 178/9 | €36,307 | €36,307 | = | 0.0% |
| Amounts payable within one year | 42/48 | €4,480 | €155,356 | +€150,876 | +3367.6% |
| Trade debts | 44 | €934 | €129,923 | +€128,989 | +13812.8% |
| Suppliers | 440/4 | €934 | €129,923 | +€128,989 | +13812.8% |
| Taxes, remuneration and social security | 45 | €1,046 | €25,433 | +€24,387 | +2331.7% |
| Taxes | 450/3 | €1,046 | €25,433 | +€24,387 | +2331.7% |
| Other amounts payable | 47/48 | €2,500 | - | -€2,500 | |
| Remuneration, social security and pensions | 62 | €106,768 | - | -€106,768 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,911 | €13,790 | -€13,121 | -48.8% |
| Other operating charges | 640/8 | €13,171 | €17,030 | +€3,859 | +29.3% |
| Non-recurring operating charges | 66A | €80 | €6 | -€74 | -92.2% |
| Gross operating margin | 9900 | €247,497 | €142,492 | -€105,005 | -42.4% |
| Operating profit (loss) | 9901 | €100,567 | €111,666 | +€11,099 | +11.0% |
| Financial income | 75/76B | €2 | - | -€2 | |
| Recurring financial income | 75 | €2 | - | -€2 | |
| Financial charges | 65/66B | €240 | €329 | +€89 | +37.2% |
| Recurring financial charges | 65 | €240 | €329 | +€89 | +37.2% |
| Profit (loss) for the period before taxes | 9903 | €100,329 | €111,337 | +€11,008 | +11.0% |
| Income taxes | 67/77 | €26,036 | €22,662 | -€3,374 | -13.0% |
| Profit (loss) for the period | 9904 | €74,293 | €88,675 | +€14,381 | +19.4% |
| Profit (loss) for the period to be appropriated | 9905 | €74,293 | €88,675 | +€14,381 | +19.4% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.