K&D L.A.: 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 L.A.
Largest movements
- Receivables within one year +€125,444
up €125,444 (+103%), from €121,772 to €247,216
of which Trade receivables: +€143,702
- Profit (loss) carried forward +€326,196
up €326,196 (+17.2%), from €1.9m to €2.2m
- Debts after one year -€154,051
down €154,051 (-36.7%), from €419,930 to €265,879
- Other debts -€113,449
down €113,449 (-79.1%), from €143,449 to €30,000
- Reserves +€63,150
up €63,150 (+18.2%), from €347,920 to €411,070
of which Tax-exempt reserves: +€63,150
- Financial income +€130,030
up €130,030 (+4,245%), from €3,063 to €133,093
- Purchases and services +€46,494
up €46,494 (+24.3%), from €191,108 to €237,602
- Gross operating margin -€28,833
down €28,833 (-12.4%), from €233,422 to €204,588
- Turnover +€21,043
up €21,043 (+5.2%), from €407,332 to €428,376
- Taxes +€17,793
up €17,793 (+50.5%), from €35,203 to €52,996
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 | €3,501,718 | €3,625,215 | +€123,497 | +3.5% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €3,316,058 | €3,311,476 | -€4,582 | -0.1% |
| Tangible fixed assets | 22/27 | €15,971 | €11,389 | -€4,582 | -28.7% |
| Plant, machinery and equipment | 23 | €15,110 | €11,245 | -€3,865 | -25.6% |
| Furniture and vehicles | 24 | €861 | €143 | -€717 | -83.3% |
| Financial fixed assets | 28 | €3,300,087 | €3,300,087 | = | 0.0% |
| Current assets | 29/58 | €185,660 | €313,739 | +€128,079 | +69.0% |
| Amounts receivable within one year | 40/41 | €121,772 | €247,216 | +€125,444 | +103% |
| Trade receivables | 40 | €72,803 | €216,505 | +€143,702 | +197% |
| Other amounts receivable | 41 | €48,970 | €30,711 | -€18,258 | -37.3% |
| Cash at bank and in hand | 54/58 | €25,386 | €32,670 | +€7,285 | +28.7% |
| Deferred charges and accrued income | 490/1 | €38,502 | €33,852 | -€4,650 | -12.1% |
| Total equity and liabilities | 10/49 | €3,501,718 | €3,625,215 | +€123,497 | +3.5% |
| Equity | 10/15 | €2,745,051 | €3,134,397 | +€389,346 | +14.2% |
| Contributions | 10/11 | €500,000 | €500,000 | = | 0.0% |
| Capital | 10 | €500,000 | €500,000 | = | 0.0% |
| Issued capital | 100 | €500,000 | €500,000 | = | 0.0% |
| Reserves | 13 | €347,920 | €411,070 | +€63,150 | +18.2% |
| Non-distributable reserves | 130/1 | €50,000 | €50,000 | = | 0.0% |
| Legal reserve | 130 | €50,000 | €50,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €137,604 | €200,754 | +€63,150 | +45.9% |
| Distributable reserves | 133 | €160,316 | €160,316 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,897,131 | €2,223,327 | +€326,196 | +17.2% |
| Amounts payable | 17/49 | €756,666 | €490,817 | -€265,849 | -35.1% |
| Amounts payable after more than one year | 17 | €419,930 | €265,879 | -€154,051 | -36.7% |
| Financial debts | 170/4 | €419,930 | €265,879 | -€154,051 | -36.7% |
| Amounts payable within one year | 42/48 | €257,233 | €135,782 | -€121,451 | -47.2% |
| Financial debts | 43 | €16,912 | - | -€16,912 | |
| Credit institutions | 430/8 | €16,912 | - | -€16,912 | |
| Trade debts | 44 | €73,558 | €46,769 | -€26,789 | -36.4% |
| Suppliers | 440/4 | €73,558 | €46,769 | -€26,789 | -36.4% |
| Taxes, remuneration and social security | 45 | €23,315 | €59,013 | +€35,698 | +153% |
| Taxes | 450/3 | €23,315 | €59,013 | +€35,698 | +153% |
| Other amounts payable | 47/48 | €143,449 | €30,000 | -€113,449 | -79.1% |
| Accrued charges and deferred income | 492/3 | €79,503 | €89,156 | +€9,653 | +12.1% |
| Turnover | 70 | €407,332 | €428,376 | +€21,043 | +5.2% |
| Non-recurring operating income | 76A | €799 | €6,508 | +€5,710 | +715% |
| Goods, raw materials, services and sundry goods | 60/61 | €191,108 | €237,602 | +€46,494 | +24.3% |
| Remuneration, social security and pensions | 62 | - | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,582 | €4,582 | = | 0.0% |
| Other operating charges | 640/8 | €16,138 | €3,354 | -€12,784 | -79.2% |
| Gross operating margin | 9900 | €233,422 | €204,588 | -€28,833 | -12.4% |
| Operating profit (loss) | 9901 | €212,702 | €196,652 | -€16,050 | -7.5% |
| Financial income | 75/76B | €3,063 | €133,093 | +€130,030 | +4,245% |
| Recurring financial income | 75 | €3,063 | €133,093 | +€130,030 | +4,245% |
| Financial charges | 65/66B | €26,279 | €17,402 | -€8,877 | -33.8% |
| Recurring financial charges | 65 | €26,279 | €17,402 | -€8,877 | -33.8% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | €189,486 | €312,342 | +€122,857 | +64.8% |
| Income taxes | 67/77 | €35,203 | €52,996 | +€17,793 | +50.5% |
| Profit (loss) for the period | 9904 | €154,282 | €259,346 | +€105,064 | +68.1% |
| Transfer to tax-exempt reserves | 689 | €70,244 | €63,150 | -€7,094 | -10.1% |
| Profit (loss) for the period to be appropriated | 9905 | €84,038 | €196,196 | +€112,158 | +133% |
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 30 October 2026 via checked.be.