K.D.S.: 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.S.
Largest movements
- Cash -€15,484
no longer reported in 2025 (was €15,484)
mainly Investment in fixed assets (net) (-€15,157) and Receivables within one year (-€5,619)
- Tangible fixed assets +€11,770
up €11,770 (+64.8%), from €18,176 to €29,946
of which Plant, machinery and equipment: +€10,993
- Receivables within one year +€5,619
up €5,619 (+9.3%), from €60,364 to €65,983
of which Other amounts receivable: +€5,619
- Current investments +€2,759
new in 2025: €2,759
- Reserves +€6,000
up €6,000 (+26.2%), from €22,859 to €28,859
of which Distributable reserves: +€7,859
- Tax, wage and social debts -€2,230
down €2,230 (-44.8%), from €4,981 to €2,751
- Gross operating margin +€4,307
up €4,307 (+39.6%), from €10,874 to €15,181
- Financial charges +€2,283
up €2,283 (+5,436%), from €42 to €2,325
of which Non-recurring financial charges: +€2,283
- Depreciation +€954
up €954 (+39.2%), from €2,433 to €3,387
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 | €94,139 | €98,803 | +€4,664 | +5.0% |
| Fixed assets | 21/28 | €18,291 | €30,061 | +€11,770 | +64.3% |
| Tangible fixed assets | 22/27 | €18,176 | €29,946 | +€11,770 | +64.8% |
| Land and buildings | 22 | €12,048 | €13,806 | +€1,758 | +14.6% |
| Plant, machinery and equipment | 23 | €2,283 | €13,276 | +€10,993 | +482% |
| Furniture and vehicles | 24 | €3,845 | €2,864 | -€981 | -25.5% |
| Financial fixed assets | 28 | €115 | €115 | = | 0.0% |
| Current assets | 29/58 | €75,848 | €68,742 | -€7,106 | -9.4% |
| Amounts receivable within one year | 40/41 | €60,364 | €65,983 | +€5,619 | +9.3% |
| Trade receivables | 40 | €2,420 | €2,420 | = | 0.0% |
| Other amounts receivable | 41 | €57,944 | €63,563 | +€5,619 | +9.7% |
| Current investments | 50/53 | - | €2,759 | +€2,759 | |
| Cash at bank and in hand | 54/58 | €15,484 | - | -€15,484 | |
| Total equity and liabilities | 10/49 | €94,139 | €98,803 | +€4,664 | +5.0% |
| Equity | 10/15 | €88,913 | €95,114 | +€6,201 | +7.0% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €22,859 | €28,859 | +€6,000 | +26.2% |
| Non-distributable reserves | 130/1 | €1,859 | - | -€1,859 | |
| Reserves not available under the articles | 1311 | €1,859 | - | -€1,859 | |
| Distributable reserves | 133 | €21,000 | €28,859 | +€7,859 | +37.4% |
| Profit (loss) carried forward | 14 | €47,462 | €47,663 | +€201 | +0.4% |
| Amounts payable | 17/49 | €5,226 | €3,689 | -€1,537 | -29.4% |
| Amounts payable within one year | 42/48 | €5,226 | €3,689 | -€1,537 | -29.4% |
| Trade debts | 44 | €245 | €938 | +€693 | +283% |
| Suppliers | 440/4 | €245 | €938 | +€693 | +283% |
| Taxes, remuneration and social security | 45 | €4,981 | €2,751 | -€2,230 | -44.8% |
| Taxes | 450/3 | €4,981 | €2,751 | -€2,230 | -44.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,433 | €3,387 | +€954 | +39.2% |
| Other operating charges | 640/8 | €731 | €754 | +€23 | +3.1% |
| Gross operating margin | 9900 | €10,874 | €15,181 | +€4,307 | +39.6% |
| Operating profit (loss) | 9901 | €7,710 | €11,040 | +€3,330 | +43.2% |
| Financial charges | 65/66B | €42 | €2,325 | +€2,283 | +5,436% |
| Recurring financial charges | 65 | €42 | €42 | = | 0.0% |
| Non-recurring financial charges | 66B | - | €2,283 | +€2,283 | |
| Profit (loss) for the period before taxes | 9903 | €7,668 | €8,715 | +€1,047 | +13.7% |
| Income taxes | 67/77 | €2,579 | €2,514 | -€65 | -2.5% |
| Profit (loss) for the period | 9904 | €5,089 | €6,201 | +€1,112 | +21.9% |
| Profit (loss) for the period to be appropriated | 9905 | €5,089 | €6,201 | +€1,112 | +21.9% |
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 19 October 2026 via checked.be.