K.T. Group: 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.T. Group
Largest movements
- Tangible fixed assets +€79,192
up €79,192 (+69.0%), from €114,758 to €193,950
of which Land and buildings: +€48,131
- Receivables within one year -€15,081
down €15,081 (-45.6%), from €33,052 to €17,971
of which Trade receivables: -€23,787
- Cash -€9,005
down €9,005 (-82.6%), from €10,898 to €1,893
mainly Investment in fixed assets (net) (-€93,268) and Accrued charges and deferred income (-€2,130)
- Trade debts +€15,075
up €15,075 (+60.0%), from €25,122 to €40,197
- Debts after one year +€12,432
up €12,432 (+15.2%), from €81,721 to €94,153
- Profit (loss) carried forward +€11,061
up €11,061 (+280%), from €3,953 to €15,014
- Tax, wage and social debts +€10,935
up €10,935 (+519%), from €2,106 to €13,041
of which Remuneration and social security: +€6,666
- Other debts +€8,826
up €8,826 (+16.6%), from €53,119 to €61,945
- Gross operating margin +€32,113
up €32,113 (+137%), from €23,430 to €55,543
- Staff costs +€18,074
up €18,074 (+193%), from €9,379 to €27,453
- Depreciation +€5,011
up €5,011 (+64.1%), from €7,814 to €12,826
- Financial charges +€2,722
up €2,722 (+195%), from €1,397 to €4,119
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 | €191,394 | €249,141 | +€57,747 | +30.2% |
| Fixed assets | 21/28 | €114,758 | €195,200 | +€80,442 | +70.1% |
| Tangible fixed assets | 22/27 | €114,758 | €193,950 | +€79,192 | +69.0% |
| Land and buildings | 22 | €84,723 | €132,854 | +€48,131 | +56.8% |
| Plant, machinery and equipment | 23 | €9,186 | €11,155 | +€1,968 | +21.4% |
| Furniture and vehicles | 24 | €20,849 | €49,942 | +€29,093 | +140% |
| Financial fixed assets | 28 | - | €1,250 | +€1,250 | |
| Current assets | 29/58 | €76,636 | €53,940 | -€22,696 | -29.6% |
| Stocks and contracts in progress | 3 | €32,440 | €32,422 | -€19 | -0.1% |
| Stocks | 30/36 | €18,100 | €23,295 | +€5,195 | +28.7% |
| Contracts in progress | 37 | €14,340 | €9,127 | -€5,214 | -36.4% |
| Amounts receivable within one year | 40/41 | €33,052 | €17,971 | -€15,081 | -45.6% |
| Trade receivables | 40 | €30,769 | €6,983 | -€23,787 | -77.3% |
| Other amounts receivable | 41 | €2,282 | €10,988 | +€8,706 | +381% |
| Cash at bank and in hand | 54/58 | €10,898 | €1,893 | -€9,005 | -82.6% |
| Deferred charges and accrued income | 490/1 | €246 | €1,654 | +€1,408 | +571% |
| Total equity and liabilities | 10/49 | €191,394 | €249,141 | +€57,747 | +30.2% |
| Equity | 10/15 | €6,453 | €17,514 | +€11,061 | +171% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,953 | €15,014 | +€11,061 | +280% |
| Amounts payable | 17/49 | €184,941 | €231,627 | +€46,686 | +25.2% |
| Amounts payable after more than one year | 17 | €81,721 | €94,153 | +€12,432 | +15.2% |
| Financial debts | 170/4 | €81,721 | €94,153 | +€12,432 | +15.2% |
| Amounts payable within one year | 42/48 | €101,090 | €137,473 | +€36,384 | +36.0% |
| Current portion of amounts payable after more than one year | 42 | €20,742 | €22,290 | +€1,548 | +7.5% |
| Trade debts | 44 | €25,122 | €40,197 | +€15,075 | +60.0% |
| Suppliers | 440/4 | €25,122 | €40,197 | +€15,075 | +60.0% |
| Taxes, remuneration and social security | 45 | €2,106 | €13,041 | +€10,935 | +519% |
| Taxes | 450/3 | €115 | €4,384 | +€4,269 | +3,717% |
| Remuneration and social security | 454/9 | €1,991 | €8,657 | +€6,666 | +335% |
| Other amounts payable | 47/48 | €53,119 | €61,945 | +€8,826 | +16.6% |
| Accrued charges and deferred income | 492/3 | €2,130 | €0 | -€2,130 | -100% |
| Remuneration, social security and pensions | 62 | €9,379 | €27,453 | +€18,074 | +193% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,814 | €12,826 | +€5,011 | +64.1% |
| Other operating charges | 640/8 | €963 | €564 | -€399 | -41.4% |
| Non-recurring operating charges | 66A | €340 | €5 | -€335 | -98.5% |
| Gross operating margin | 9900 | €23,430 | €55,543 | +€32,113 | +137% |
| Operating profit (loss) | 9901 | €4,934 | €14,695 | +€9,761 | +198% |
| Financial income | 75/76B | €417 | €485 | +€68 | +16.3% |
| Recurring financial income | 75 | €417 | €485 | +€68 | +16.3% |
| Financial charges | 65/66B | €1,397 | €4,119 | +€2,722 | +195% |
| Recurring financial charges | 65 | €1,397 | €4,119 | +€2,722 | +195% |
| Profit (loss) for the period before taxes | 9903 | €3,953 | €11,061 | +€7,108 | +180% |
| Profit (loss) for the period | 9904 | €3,953 | €11,061 | +€7,108 | +180% |
| Profit (loss) for the period to be appropriated | 9905 | €3,953 | €11,061 | +€7,108 | +180% |
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 23 October 2026 via checked.be.