K.C.T.: 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.C.T.
Largest movements
- Receivables within one year -€85,921
down €85,921 (-61.7%), from €139,259 to €53,339
of which Other amounts receivable: -€58,896
- Cash +€8,235
up €8,235 (+35.3%), from €23,358 to €31,592
mainly Receivables within one year (+€85,921) and Smaller working-capital items (+€193)
- Profit (loss) carried forward -€46,762
down €46,762 (-14.4%), from -€323,730 to -€370,493
- Trade debts -€20,190
down €20,190 (-47.0%), from €42,937 to €22,747
- Other debts -€10,940
down €10,940 (-85.6%), from €12,780 to €1,840
- Gross operating margin -€37,171
down €37,171, from €10,986 to -€26,185
- Write-downs -€8,800
no longer reported in 2025 (was €8,800)
- Other operating charges -€998
down €998 (-68.4%), from €1,460 to €462
- Staff costs -€542
down €542 (-91.1%), from €594 to €53
- Depreciation -€424
down €424 (-97.0%), from €438 to €13
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 | €166,563 | €88,677 | -€77,886 | -46.8% |
| Fixed assets | 21/28 | €3,733 | €3,720 | -€13 | -0.4% |
| Tangible fixed assets | 22/27 | €13 | - | -€13 | |
| Furniture and vehicles | 24 | €13 | - | -€13 | |
| Financial fixed assets | 28 | €3,720 | €3,720 | = | 0.0% |
| Current assets | 29/58 | €162,829 | €84,957 | -€77,872 | -47.8% |
| Amounts receivable within one year | 40/41 | €139,259 | €53,339 | -€85,921 | -61.7% |
| Trade receivables | 40 | €27,025 | - | -€27,025 | |
| Other amounts receivable | 41 | €112,234 | €53,339 | -€58,896 | -52.5% |
| Cash at bank and in hand | 54/58 | €23,358 | €31,592 | +€8,235 | +35.3% |
| Deferred charges and accrued income | 490/1 | €212 | €26 | -€186 | -87.9% |
| Total equity and liabilities | 10/49 | €166,563 | €88,677 | -€77,886 | -46.8% |
| Equity | 10/15 | €110,846 | €64,083 | -€46,762 | -42.2% |
| Contributions | 10/11 | €430,500 | €430,500 | = | 0.0% |
| Reserves | 13 | €4,076 | €4,076 | = | 0.0% |
| Non-distributable reserves | 130/1 | €4,076 | €4,076 | = | 0.0% |
| Reserves not available under the articles | 1311 | €4,076 | €4,076 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€323,730 | -€370,493 | -€46,762 | -14.4% |
| Amounts payable | 17/49 | €55,717 | €24,594 | -€31,123 | -55.9% |
| Amounts payable within one year | 42/48 | €55,717 | €24,587 | -€31,130 | -55.9% |
| Trade debts | 44 | €42,937 | €22,747 | -€20,190 | -47.0% |
| Suppliers | 440/4 | €42,937 | €22,747 | -€20,190 | -47.0% |
| Other amounts payable | 47/48 | €12,780 | €1,840 | -€10,940 | -85.6% |
| Accrued charges and deferred income | 492/3 | - | €6 | +€6 | |
| Remuneration, social security and pensions | 62 | €594 | €53 | -€542 | -91.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €438 | €13 | -€424 | -97.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €8,800 | - | -€8,800 | |
| Other operating charges | 640/8 | €1,460 | €462 | -€998 | -68.4% |
| Non-recurring operating charges | 66A | €20,571 | - | -€20,571 | |
| Gross operating margin | 9900 | €10,986 | -€26,185 | -€37,171 | |
| Operating profit (loss) | 9901 | -€20,877 | -€26,713 | -€5,835 | -28.0% |
| Financial income | 75/76B | €2 | - | -€2 | |
| Recurring financial income | 75 | €2 | - | -€2 | |
| Financial charges | 65/66B | €429 | €525 | +€96 | +22.3% |
| Recurring financial charges | 65 | €429 | €525 | +€96 | +22.3% |
| Profit (loss) for the period before taxes | 9903 | -€21,304 | -€27,237 | -€5,933 | -27.8% |
| Income taxes | 67/77 | €0 | - | -€0 | |
| Profit (loss) for the period | 9904 | -€21,305 | -€27,237 | -€5,933 | -27.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€21,305 | -€27,237 | -€5,933 | -27.8% |
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 26 October 2026 via checked.be.