K D C: 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 C
Largest movements
- Tangible fixed assets +€397,332
up €397,332 (+99.0%), from €401,365 to €798,696
of which Land and buildings: +€402,758
- Receivables within one year -€72,968
down €72,968 (-86.2%), from €84,658 to €11,690
of which Other amounts receivable: -€70,636
- Cash +€10,003
up €10,003 (+252.7%), from €3,958 to €13,961
mainly Debts after one year (+€332,389) and Depreciation (+€115,910)
- Debts after one year +€332,389
up €332,389 (+1279.4%), from €25,981 to €358,370
- Other debts +€34,166
up €34,166, from €0 to €34,166
- Reserves -€23,075
down €23,075 (-42.8%), from €53,879 to €30,805
of which Distributable reserves: -€23,075
- Current portion of long-term debt +€22,249
up €22,249 (+86.4%), from €25,758 to €48,007
- Short-term financial debts -€20,000
down €20,000 (-50.0%), from €40,000 to €20,000
- Depreciation +€71,240
up €71,240 (+159.5%), from €44,670 to €115,910
- Gross operating margin +€55,961
up €55,961 (+69.9%), from €80,107 to €136,068
- Financial charges +€9,923
up €9,923 (+186.0%), from €5,334 to €15,257
- Other operating charges -€8,798
down €8,798 (-24.0%), from €36,597 to €27,799
- Taxes -€6,264
down €6,264 (-97.3%), from €6,441 to €176
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 | €489,981 | €824,348 | +€334,367 | +68.2% |
| Fixed assets | 21/28 | €401,365 | €798,696 | +€397,332 | +99.0% |
| Tangible fixed assets | 22/27 | €401,365 | €798,696 | +€397,332 | +99.0% |
| Land and buildings | 22 | €381,825 | €784,583 | +€402,758 | +105.5% |
| Furniture and vehicles | 24 | €6,146 | €2,958 | -€3,188 | -51.9% |
| Other tangible fixed assets | 26 | €13,393 | €11,155 | -€2,238 | -16.7% |
| Current assets | 29/58 | €88,616 | €25,651 | -€62,965 | -71.1% |
| Amounts receivable within one year | 40/41 | €84,658 | €11,690 | -€72,968 | -86.2% |
| Trade receivables | 40 | €2,332 | €0 | -€2,332 | -100.0% |
| Other amounts receivable | 41 | €82,326 | €11,690 | -€70,636 | -85.8% |
| Cash at bank and in hand | 54/58 | €3,958 | €13,961 | +€10,003 | +252.7% |
| Total equity and liabilities | 10/49 | €489,981 | €824,348 | +€334,367 | +68.2% |
| Equity | 10/15 | €355,014 | €331,939 | -€23,075 | -6.5% |
| Contributions | 10/11 | €301,134 | €301,134 | = | 0.0% |
| Reserves | 13 | €53,879 | €30,805 | -€23,075 | -42.8% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €53,879 | €30,805 | -€23,075 | -42.8% |
| Amounts payable | 17/49 | €134,967 | €492,409 | +€357,442 | +264.8% |
| Amounts payable after more than one year | 17 | €25,981 | €358,370 | +€332,389 | +1279.4% |
| Financial debts | 170/4 | €25,981 | €358,370 | +€332,389 | +1279.4% |
| Amounts payable within one year | 42/48 | €104,486 | €129,039 | +€24,553 | +23.5% |
| Current portion of amounts payable after more than one year | 42 | €25,758 | €48,007 | +€22,249 | +86.4% |
| Financial debts | 43 | €40,000 | €20,000 | -€20,000 | -50.0% |
| Credit institutions | 430/8 | €40,000 | €20,000 | -€20,000 | -50.0% |
| Trade debts | 44 | €31,941 | €22,800 | -€9,142 | -28.6% |
| Suppliers | 440/4 | €31,941 | €22,800 | -€9,142 | -28.6% |
| Taxes, remuneration and social security | 45 | €6,787 | €4,066 | -€2,721 | -40.1% |
| Taxes | 450/3 | €6,787 | €4,066 | -€2,721 | -40.1% |
| Other amounts payable | 47/48 | €0 | €34,166 | +€34,166 | |
| Accrued charges and deferred income | 492/3 | €4,500 | €5,000 | +€500 | +11.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,670 | €115,910 | +€71,240 | +159.5% |
| Other operating charges | 640/8 | €36,597 | €27,799 | -€8,798 | -24.0% |
| Gross operating margin | 9900 | €80,107 | €136,068 | +€55,961 | +69.9% |
| Operating profit (loss) | 9901 | -€1,160 | -€7,642 | -€6,481 | -558.6% |
| Financial income | 75/76B | €295 | €0 | -€295 | -100.0% |
| Recurring financial income | 75 | €295 | €0 | -€295 | -100.0% |
| Financial charges | 65/66B | €5,334 | €15,257 | +€9,923 | +186.0% |
| Recurring financial charges | 65 | €5,334 | €15,257 | +€9,923 | +186.0% |
| Profit (loss) for the period before taxes | 9903 | -€6,199 | -€22,898 | -€16,699 | -269.4% |
| Income taxes | 67/77 | €6,441 | €176 | -€6,264 | -97.3% |
| Profit (loss) for the period | 9904 | -€12,640 | -€23,075 | -€10,435 | -82.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€12,640 | -€23,075 | -€10,435 | -82.6% |
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 12 October 2026 via checked.be.