K.D. beheer: 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.D. beheer
Largest movements
- Financial fixed assets -€135,000
down €135,000 (-32.1%), from €420,000 to €285,000
- Receivables within one year -€30,648
down €30,648 (-57.4%), from €53,399 to €22,751
of which Other amounts receivable: -€16,923
- Tangible fixed assets -€20,887
down €20,887 (-29.6%), from €70,645 to €49,758
- Cash +€14,499
up €14,499 (+37.4%), from €38,785 to €53,284
mainly Investment in fixed assets (net) (+€135,000) and Receivables within one year (+€30,648)
- Debts after one year -€175,000
down €175,000 (-36.8%), from €475,000 to €300,000
- Financial income +€29,374
up €29,374 (+173%), from €16,951 to €46,325
- Financial charges +€20,924
up €20,924 (+15.3%), from €137,093 to €158,017
of which Non-recurring financial charges: +€29,000
- Gross operating margin -€3,675
down €3,675 (-2.5%), from €145,573 to €141,898
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 | €582,829 | €410,793 | -€172,036 | -29.5% |
| Fixed assets | 21/28 | €490,645 | €334,758 | -€155,887 | -31.8% |
| Tangible fixed assets | 22/27 | €70,645 | €49,758 | -€20,887 | -29.6% |
| Furniture and vehicles | 24 | €70,645 | €49,758 | -€20,887 | -29.6% |
| Financial fixed assets | 28 | €420,000 | €285,000 | -€135,000 | -32.1% |
| Current assets | 29/58 | €92,184 | €76,035 | -€16,149 | -17.5% |
| Amounts receivable within one year | 40/41 | €53,399 | €22,751 | -€30,648 | -57.4% |
| Trade receivables | 40 | €36,476 | €22,751 | -€13,725 | -37.6% |
| Other amounts receivable | 41 | €16,923 | - | -€16,923 | |
| Cash at bank and in hand | 54/58 | €38,785 | €53,284 | +€14,499 | +37.4% |
| Total equity and liabilities | 10/49 | €582,829 | €410,793 | -€172,036 | -29.5% |
| Equity | 10/15 | €81,186 | €81,186 | = | 0.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €22,822 | €22,822 | = | 0.0% |
| Distributable reserves | 133 | €22,822 | €22,822 | = | 0.0% |
| Profit (loss) carried forward | 14 | €38,364 | €38,364 | = | 0.0% |
| Amounts payable | 17/49 | €501,643 | €329,607 | -€172,036 | -34.3% |
| Amounts payable after more than one year | 17 | €475,000 | €300,000 | -€175,000 | -36.8% |
| Other amounts payable | 178/9 | €475,000 | €300,000 | -€175,000 | -36.8% |
| Amounts payable within one year | 42/48 | €26,643 | €29,607 | +€2,964 | +11.1% |
| Trade debts | 44 | €466 | €52 | -€414 | -88.8% |
| Suppliers | 440/4 | €466 | €52 | -€414 | -88.8% |
| Taxes, remuneration and social security | 45 | €22,196 | €24,698 | +€2,502 | +11.3% |
| Taxes | 450/3 | €22,196 | €24,698 | +€2,502 | +11.3% |
| Other amounts payable | 47/48 | €3,981 | €4,857 | +€876 | +22.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,958 | €20,887 | +€929 | +4.7% |
| Other operating charges | 640/8 | €590 | €466 | -€124 | -21.0% |
| Gross operating margin | 9900 | €145,573 | €141,898 | -€3,675 | -2.5% |
| Operating profit (loss) | 9901 | €125,025 | €120,545 | -€4,480 | -3.6% |
| Financial income | 75/76B | €16,951 | €46,325 | +€29,374 | +173% |
| Recurring financial income | 75 | €16,951 | €46,325 | +€29,374 | +173% |
| Financial charges | 65/66B | €137,093 | €158,017 | +€20,924 | +15.3% |
| Recurring financial charges | 65 | €31,093 | €23,017 | -€8,076 | -26.0% |
| Non-recurring financial charges | 66B | €106,000 | €135,000 | +€29,000 | +27.4% |
| Profit (loss) for the period before taxes | 9903 | €4,883 | €8,853 | +€3,970 | +81.3% |
| Income taxes | 67/77 | €2,729 | €3,294 | +€565 | +20.7% |
| Profit (loss) for the period | 9904 | €2,154 | €5,559 | +€3,405 | +158% |
| Profit (loss) for the period to be appropriated | 9905 | €2,154 | €5,559 | +€3,405 | +158% |
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 29 October 2026 via checked.be.