K & T: 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 & T
Largest movements
No asset line moved by more than 1% of the balance sheet total.
- Debts after one year -€271,177
down €271,177 (-11.2%), from €2.4m to €2.1m
- Reserves +€253,956
up €253,956 (+25.1%), from €1.0m to €1.3m
- Financial income -€21,962
down €21,962 (-6.7%), from €327,807 to €305,845
- Gross operating margin +€9,987
up €9,987 (+25.2%), from €39,694 to €49,681
- Financial charges +€2,139
up €2,139 (+6.4%), from €33,484 to €35,624
- Other operating charges +€2,095
up €2,095 (+94.8%), from €2,208 to €4,303
- Taxes -€860
down €860 (-2.6%), from €33,610 to €32,750
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 | €3,798,110 | €3,801,177 | +€3,068 | +0.1% |
| Fixed assets | 21/28 | €3,725,113 | €3,727,598 | +€2,485 | +0.1% |
| Tangible fixed assets | 22/27 | €13,376 | €15,861 | +€2,485 | +18.6% |
| Land and buildings | 22 | €12,925 | €14,804 | +€1,879 | +14.5% |
| Furniture and vehicles | 24 | €451 | €1,057 | +€606 | +134.5% |
| Financial fixed assets | 28 | €3,711,738 | €3,711,738 | = | 0.0% |
| Current assets | 29/58 | €72,996 | €73,579 | +€583 | +0.8% |
| Amounts receivable within one year | 40/41 | €30,000 | €63,150 | +€33,150 | +110.5% |
| Trade receivables | 40 | €30,000 | €63,150 | +€33,150 | +110.5% |
| Cash at bank and in hand | 54/58 | €38,635 | €7,439 | -€31,196 | -80.7% |
| Deferred charges and accrued income | 490/1 | €4,361 | €2,990 | -€1,371 | -31.4% |
| Total equity and liabilities | 10/49 | €3,798,110 | €3,801,177 | +€3,068 | +0.1% |
| Equity | 10/15 | €1,019,431 | €1,273,387 | +€253,956 | +24.9% |
| Contributions | 10/11 | €6,222 | €6,222 | = | 0.0% |
| Reserves | 13 | €1,013,209 | €1,267,165 | +€253,956 | +25.1% |
| Distributable reserves | 133 | €1,013,209 | €1,267,165 | +€253,956 | +25.1% |
| Amounts payable | 17/49 | €2,778,679 | €2,527,790 | -€250,888 | -9.0% |
| Amounts payable after more than one year | 17 | €2,417,756 | €2,146,579 | -€271,177 | -11.2% |
| Financial debts | 170/4 | €2,417,756 | €2,146,579 | -€271,177 | -11.2% |
| Amounts payable within one year | 42/48 | €360,923 | €381,211 | +€20,288 | +5.6% |
| Current portion of amounts payable after more than one year | 42 | €268,666 | €271,177 | +€2,511 | +0.9% |
| Trade debts | 44 | €2,384 | €1,277 | -€1,107 | -46.4% |
| Suppliers | 440/4 | €2,384 | €1,277 | -€1,107 | -46.4% |
| Taxes, remuneration and social security | 45 | €15,447 | €21,726 | +€6,279 | +40.6% |
| Taxes | 450/3 | €15,447 | €18,454 | +€3,007 | +19.5% |
| Remuneration and social security | 454/9 | - | €3,272 | +€3,272 | |
| Other amounts payable | 47/48 | €74,426 | €87,031 | +€12,605 | +16.9% |
| Non-recurring operating income | 76A | - | €3,000 | +€3,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,173 | €2,396 | +€223 | +10.3% |
| Other operating charges | 640/8 | €2,208 | €4,303 | +€2,095 | +94.8% |
| Gross operating margin | 9900 | €39,694 | €49,681 | +€9,987 | +25.2% |
| Operating profit (loss) | 9901 | €35,313 | €42,982 | +€7,669 | +21.7% |
| Financial income | 75/76B | €327,807 | €305,845 | -€21,962 | -6.7% |
| Recurring financial income | 75 | €327,807 | €305,845 | -€21,962 | -6.7% |
| Financial charges | 65/66B | €33,484 | €35,624 | +€2,139 | +6.4% |
| Recurring financial charges | 65 | €33,484 | €35,624 | +€2,139 | +6.4% |
| Profit (loss) for the period before taxes | 9903 | €329,636 | €313,203 | -€16,433 | -5.0% |
| Income taxes | 67/77 | €33,610 | €32,750 | -€860 | -2.6% |
| Profit (loss) for the period | 9904 | €296,026 | €280,454 | -€15,572 | -5.3% |
| Profit (loss) for the period to be appropriated | 9905 | €296,026 | €280,454 | -€15,572 | -5.3% |
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 7 October 2026 via checked.be.