K.K.D.: 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.K.D.
Largest movements
- Current investments -€589,319
down €589,319 (-51.1%), from €1.2m to €563,794
- Reserves -€1.0m
down €1.0m (-66.3%), from €1.5m to €514,369
- Other debts +€381,426
up €381,426 (+324.2%), from €117,654 to €499,080
- Tax, wage and social debts +€29,270
up €29,270 (+265.5%), from €11,022 to €40,292
of which Taxes: +€32,615
- Taxes +€28,082
up €28,082 (+36.0%), from €78,109 to €106,191
- Financial income +€21,012
up €21,012 (+193.6%), from €10,854 to €31,866
- Gross operating margin -€5,654
down €5,654 (-2.6%), from €215,329 to €209,675
- Financial charges -€5,304
down €5,304 (-8.0%), from -€66,511 to -€71,815
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 | €1,675,041 | €1,072,341 | -€602,700 | -36.0% |
| Fixed assets | 21/28 | €503,979 | €498,441 | -€5,538 | -1.1% |
| Tangible fixed assets | 22/27 | €11,854 | €6,316 | -€5,538 | -46.7% |
| Plant, machinery and equipment | 23 | €1,593 | €913 | -€680 | -42.7% |
| Furniture and vehicles | 24 | €10,262 | €5,404 | -€4,858 | -47.3% |
| Financial fixed assets | 28 | €492,125 | €492,125 | = | 0.0% |
| Current assets | 29/58 | €1,171,061 | €573,900 | -€597,162 | -51.0% |
| Current investments | 50/53 | €1,153,113 | €563,794 | -€589,319 | -51.1% |
| Cash at bank and in hand | 54/58 | €15,695 | €9,916 | -€5,778 | -36.8% |
| Deferred charges and accrued income | 490/1 | €2,253 | €189 | -€2,064 | -91.6% |
| Total equity and liabilities | 10/49 | €1,675,041 | €1,072,341 | -€602,700 | -36.0% |
| Equity | 10/15 | €1,545,674 | €532,969 | -€1.0m | -65.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,527,074 | €514,369 | -€1.0m | -66.3% |
| Distributable reserves | 133 | €1,527,074 | €514,369 | -€1.0m | -66.3% |
| Amounts payable | 17/49 | €129,367 | €539,372 | +€410,005 | +316.9% |
| Amounts payable within one year | 42/48 | €128,737 | €539,372 | +€410,635 | +319.0% |
| Trade debts | 44 | €60 | - | -€60 | |
| Suppliers | 440/4 | €60 | - | -€60 | |
| Taxes, remuneration and social security | 45 | €11,022 | €40,292 | +€29,270 | +265.5% |
| Taxes | 450/3 | €7,677 | €40,292 | +€32,615 | +424.8% |
| Remuneration and social security | 454/9 | €3,345 | - | -€3,345 | |
| Other amounts payable | 47/48 | €117,654 | €499,080 | +€381,426 | +324.2% |
| Accrued charges and deferred income | 492/3 | €630 | - | -€630 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,538 | €5,538 | = | 0.0% |
| Other operating charges | 640/8 | €1,229 | €1,248 | +€19 | +1.6% |
| Gross operating margin | 9900 | €215,329 | €209,675 | -€5,654 | -2.6% |
| Operating profit (loss) | 9901 | €208,562 | €202,889 | -€5,673 | -2.7% |
| Financial income | 75/76B | €10,854 | €31,866 | +€21,012 | +193.6% |
| Recurring financial income | 75 | €10,854 | €31,866 | +€21,012 | +193.6% |
| Financial charges | 65/66B | -€66,511 | -€71,815 | -€5,304 | -8.0% |
| Recurring financial charges | 65 | -€66,511 | -€71,815 | -€5,304 | -8.0% |
| Profit (loss) for the period before taxes | 9903 | €285,927 | €306,570 | +€20,643 | +7.2% |
| Income taxes | 67/77 | €78,109 | €106,191 | +€28,082 | +36.0% |
| Profit (loss) for the period | 9904 | €207,817 | €200,379 | -€7,439 | -3.6% |
| Profit (loss) for the period to be appropriated | 9905 | €207,817 | €200,379 | -€7,439 | -3.6% |
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 4 October 2026 via checked.be.