K-DR: what changed
Two fiscal 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-DR
Largest movements
- Tangible fixed assets -€12,546
down €12,546 (-26.9%), from €46,617 to €34,071
of which Furniture and vehicles: -€12,463
- Cash +€8,853
up €8,853 (+17.6%), from €50,187 to €59,040
mainly Other debts (+€37,037) and Net result for the year (+€24,310)
- Receivables within one year +€2,687
up €2,687 (+16.1%), from €16,708 to €19,395
of which Other amounts receivable: +€5,428
- Other debts +€37,037
up €37,037 (+2314.8%), from €1,600 to €38,637
- Reserves -€21,000
down €21,000 (-39.4%), from €53,347 to €32,347
- Debts after one year -€10,835
down €10,835 (-40.2%), from €26,955 to €16,120
- Tax, wage and social debts -€4,544
down €4,544 (-33.4%), from €13,609 to €9,064
- Trade debts -€2,012
down €2,012 (-34.7%), from €5,799 to €3,787
- Gross operating margin +€12,631
up €12,631 (+32.5%), from €38,828 to €51,459
- Taxes +€2,644
up €2,644 (+40.4%), from €6,543 to €9,187
- Financial charges -€597
down €597 (-19.6%), from €3,051 to €2,454
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 | €113,715 | €112,790 | -€925 | -0.8% |
| Fixed assets | 21/28 | €46,617 | €34,071 | -€12,546 | -26.9% |
| Tangible fixed assets | 22/27 | €46,617 | €34,071 | -€12,546 | -26.9% |
| Plant, machinery and equipment | 23 | €250 | €167 | -€83 | -33.1% |
| Furniture and vehicles | 24 | €46,367 | €33,904 | -€12,463 | -26.9% |
| Current assets | 29/58 | €67,098 | €78,719 | +€11,621 | +17.3% |
| Amounts receivable within one year | 40/41 | €16,708 | €19,395 | +€2,687 | +16.1% |
| Trade receivables | 40 | €16,323 | €13,582 | -€2,741 | -16.8% |
| Other amounts receivable | 41 | €385 | €5,813 | +€5,428 | +1408.0% |
| Cash at bank and in hand | 54/58 | €50,187 | €59,040 | +€8,853 | +17.6% |
| Deferred charges and accrued income | 490/1 | €203 | €284 | +€81 | +40.1% |
| Total equity and liabilities | 10/49 | €113,715 | €112,790 | -€925 | -0.8% |
| Equity | 10/15 | €55,347 | €34,347 | -€21,000 | -37.9% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €53,347 | €32,347 | -€21,000 | -39.4% |
| Distributable reserves | 133 | €53,347 | €32,347 | -€21,000 | -39.4% |
| Amounts payable | 17/49 | €58,368 | €78,443 | +€20,075 | +34.4% |
| Amounts payable after more than one year | 17 | €26,955 | €16,120 | -€10,835 | -40.2% |
| Financial debts | 170/4 | €26,955 | €16,120 | -€10,835 | -40.2% |
| Amounts payable within one year | 42/48 | €31,413 | €62,324 | +€30,910 | +98.4% |
| Current portion of amounts payable after more than one year | 42 | €10,406 | €10,835 | +€429 | +4.1% |
| Trade debts | 44 | €5,799 | €3,787 | -€2,012 | -34.7% |
| Suppliers | 440/4 | €5,799 | €3,787 | -€2,012 | -34.7% |
| Taxes, remuneration and social security | 45 | €13,609 | €9,064 | -€4,544 | -33.4% |
| Taxes | 450/3 | €13,609 | €9,064 | -€4,544 | -33.4% |
| Other amounts payable | 47/48 | €1,600 | €38,637 | +€37,037 | +2314.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,272 | €13,941 | -€331 | -2.3% |
| Other operating charges | 640/8 | €1,116 | €1,566 | +€450 | +40.4% |
| Gross operating margin | 9900 | €38,828 | €51,459 | +€12,631 | +32.5% |
| Operating profit (loss) | 9901 | €23,440 | €35,952 | +€12,512 | +53.4% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €3,051 | €2,454 | -€597 | -19.6% |
| Recurring financial charges | 65 | €3,051 | €2,454 | -€597 | -19.6% |
| Profit (loss) for the period before taxes | 9903 | €20,388 | €33,497 | +€13,109 | +64.3% |
| Income taxes | 67/77 | €6,543 | €9,187 | +€2,644 | +40.4% |
| Profit (loss) for the period | 9904 | €13,846 | €24,310 | +€10,465 | +75.6% |
| Profit (loss) for the period to be appropriated | 9905 | €13,846 | €24,310 | +€10,465 | +75.6% |
Source: filed annual accounts (NBB), fiscal 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 September 2026 via checked.be.