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
- Tangible fixed assets +€23,644
up €23,644 (+57.0%), from €41,503 to €65,147
- Cash +€15,387
up €15,387 (+152.0%), from €10,122 to €25,509
mainly Debts after one year (+€16,665) and Depreciation (+€10,984)
- Receivables within one year -€6,713
down €6,713 (-59.9%), from €11,198 to €4,485
of which Trade receivables: -€7,480
- Deferred charges and accrued income +€2,411
up €2,411 (+90969.4%), from €3 to €2,413
- Debts after one year +€16,665
up €16,665 (+54.8%), from €30,428 to €47,093
- Reserves +€7,922
up €7,922 (+47.5%), from €16,664 to €24,586
- Current portion of long-term debt +€6,416
up €6,416 (+107.7%), from €5,957 to €12,373
- Trade debts +€3,840
up €3,840 (+687.2%), from €559 to €4,399
- Depreciation +€8,825
up €8,825 (+408.7%), from €2,159 to €10,984
- Financial charges +€3,035
up €3,035 (+14699.5%), from €21 to €3,056
- Taxes -€2,596
down €2,596 (-61.7%), from €4,208 to €1,612
- Gross operating margin +€832
up €832 (+3.6%), from €23,049 to €23,881
- Other operating charges +€403
new in 2025: €403
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 | €62,826 | €97,554 | +€34,729 | +55.3% |
| Fixed assets | 21/28 | €41,503 | €65,147 | +€23,644 | +57.0% |
| Tangible fixed assets | 22/27 | €41,503 | €65,147 | +€23,644 | +57.0% |
| Leasing and similar rights | 25 | €41,503 | €65,147 | +€23,644 | +57.0% |
| Current assets | 29/58 | €21,323 | €32,408 | +€11,085 | +52.0% |
| Amounts receivable within one year | 40/41 | €11,198 | €4,485 | -€6,713 | -59.9% |
| Trade receivables | 40 | €10,181 | €2,701 | -€7,480 | -73.5% |
| Other amounts receivable | 41 | €1,017 | €1,784 | +€767 | +75.4% |
| Cash at bank and in hand | 54/58 | €10,122 | €25,509 | +€15,387 | +152.0% |
| Deferred charges and accrued income | 490/1 | €3 | €2,413 | +€2,411 | +90969.4% |
| Total equity and liabilities | 10/49 | €62,826 | €97,554 | +€34,729 | +55.3% |
| Equity | 10/15 | €19,664 | €27,586 | +€7,922 | +40.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €16,664 | €24,586 | +€7,922 | +47.5% |
| Distributable reserves | 133 | €16,664 | €24,586 | +€7,922 | +47.5% |
| Amounts payable | 17/49 | €43,162 | €69,969 | +€26,807 | +62.1% |
| Amounts payable after more than one year | 17 | €30,428 | €47,093 | +€16,665 | +54.8% |
| Financial debts | 170/4 | €30,428 | €47,093 | +€16,665 | +54.8% |
| Amounts payable within one year | 42/48 | €12,734 | €22,875 | +€10,142 | +79.6% |
| Current portion of amounts payable after more than one year | 42 | €5,957 | €12,373 | +€6,416 | +107.7% |
| Trade debts | 44 | €559 | €4,399 | +€3,840 | +687.2% |
| Suppliers | 440/4 | €559 | €4,399 | +€3,840 | +687.2% |
| Taxes, remuneration and social security | 45 | €6,218 | €6,104 | -€114 | -1.8% |
| Taxes | 450/3 | €6,218 | €6,104 | -€114 | -1.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,159 | €10,984 | +€8,825 | +408.7% |
| Other operating charges | 640/8 | - | €403 | +€403 | |
| Gross operating margin | 9900 | €23,049 | €23,881 | +€832 | +3.6% |
| Operating profit (loss) | 9901 | €20,890 | €12,495 | -€8,395 | -40.2% |
| Financial income | 75/76B | €3 | €95 | +€93 | +3497.4% |
| Recurring financial income | 75 | €3 | €95 | +€93 | +3497.4% |
| Financial charges | 65/66B | €21 | €3,056 | +€3,035 | +14699.5% |
| Recurring financial charges | 65 | €21 | €3,056 | +€3,035 | +14699.5% |
| Profit (loss) for the period before taxes | 9903 | €20,872 | €9,534 | -€11,338 | -54.3% |
| Income taxes | 67/77 | €4,208 | €1,612 | -€2,596 | -61.7% |
| Profit (loss) for the period | 9904 | €16,664 | €7,922 | -€8,742 | -52.5% |
| Profit (loss) for the period to be appropriated | 9905 | €16,664 | €7,922 | -€8,742 | -52.5% |
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 11 October 2026 via checked.be.