K. DE BONDT: 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. DE BONDT
Largest movements
- Cash -€190,608
down €190,608 (-81.3%), from €234,453 to €43,845
mainly Current investments (-€133,641) and Other debts (-€51,498)
- Current investments +€133,641
up €133,641 (+6.0%), from €2.2m to €2.4m
- Other debts -€51,498
down €51,498 (-73.0%), from €70,557 to €19,060
- Gross operating margin -€53,724
down €53,724 (-56.7%), from €94,680 to €40,956
- Financial income -€42,561
down €42,561 (-66.7%), from €63,808 to €21,247
- Taxes -€18,603
down €18,603 (-49.1%), from €37,917 to €19,314
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 | €2,549,233 | €2,495,491 | -€53,742 | -2.1% |
| Fixed assets | 21/28 | €59,602 | €61,468 | +€1,866 | +3.1% |
| Tangible fixed assets | 22/27 | €59,602 | €61,468 | +€1,866 | +3.1% |
| Land and buildings | 22 | €59,602 | €59,602 | = | 0.0% |
| Other tangible fixed assets | 26 | - | €1,866 | +€1,866 | |
| Current assets | 29/58 | €2,489,631 | €2,434,023 | -€55,608 | -2.2% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €8,842 | €10,164 | +€1,322 | +14.9% |
| Trade receivables | 40 | €8,842 | €10,164 | +€1,322 | +14.9% |
| Other amounts receivable | 41 | €0 | - | = | |
| Current investments | 50/53 | €2,245,646 | €2,379,287 | +€133,641 | +6.0% |
| Cash at bank and in hand | 54/58 | €234,453 | €43,845 | -€190,608 | -81.3% |
| Deferred charges and accrued income | 490/1 | €690 | €727 | +€37 | +5.4% |
| Total equity and liabilities | 10/49 | €2,549,233 | €2,495,491 | -€53,742 | -2.1% |
| Equity | 10/15 | €2,454,376 | €2,440,742 | -€13,634 | -0.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €2,441,976 | €2,428,342 | -€13,634 | -0.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €2,440,116 | €2,426,482 | -€13,634 | -0.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €94,857 | €54,748 | -€40,108 | -42.3% |
| Amounts payable within one year | 42/48 | €94,857 | €54,748 | -€40,108 | -42.3% |
| Trade debts | 44 | €2,172 | €1,354 | -€818 | -37.7% |
| Suppliers | 440/4 | €2,172 | €1,354 | -€818 | -37.7% |
| Taxes, remuneration and social security | 45 | €22,128 | €34,335 | +€12,207 | +55.2% |
| Taxes | 450/3 | €22,128 | €34,335 | +€12,207 | +55.2% |
| Other amounts payable | 47/48 | €70,557 | €19,060 | -€51,498 | -73.0% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €136 | +€136 | |
| Other operating charges | 640/8 | €765 | €1,685 | +€921 | +120% |
| Gross operating margin | 9900 | €94,680 | €40,956 | -€53,724 | -56.7% |
| Operating profit (loss) | 9901 | €93,916 | €39,134 | -€54,781 | -58.3% |
| Financial income | 75/76B | €63,808 | €21,247 | -€42,561 | -66.7% |
| Recurring financial income | 75 | €63,808 | €21,247 | -€42,561 | -66.7% |
| Financial charges | 65/66B | €5,107 | €4,701 | -€407 | -8.0% |
| Recurring financial charges | 65 | €5,107 | €4,701 | -€407 | -8.0% |
| Profit (loss) for the period before taxes | 9903 | €152,616 | €55,681 | -€96,936 | -63.5% |
| Income taxes | 67/77 | €37,917 | €19,314 | -€18,603 | -49.1% |
| Profit (loss) for the period | 9904 | €114,699 | €36,366 | -€78,333 | -68.3% |
| Profit (loss) for the period to be appropriated | 9905 | €114,699 | €36,366 | -€78,333 | -68.3% |
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 28 October 2026 via checked.be.