K.T. LINE: 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. LINE
Largest movements
- Current investments -€40,001
down €40,001 (-40.0%), from €100,000 to €59,999
- Cash +€28,748
up €28,748 (+655%), from €4,390 to €33,138
mainly Current investments (+€40,001) and Net result for the year (+€13,799)
- Deferred charges and accrued income -€2,063
down €2,063 (-44.8%), from €4,600 to €2,538
- Tangible fixed assets -€1,286
down €1,286 (-28.8%), from €4,462 to €3,176
of which Furniture and vehicles: -€980
- Other debts -€27,161
down €27,161 (-77.9%), from €34,872 to €7,711
- Reserves +€13,799
up €13,799 (+16.2%), from €85,205 to €99,003
- Tax, wage and social debts -€2,262
down €2,262 (-50.6%), from €4,472 to €2,210
of which Remuneration and social security: -€2,640
- Financial income +€6,372
up €6,372 (+7,605%), from €84 to €6,456
- Taxes +€2,472
up €2,472 (+46.3%), from €5,336 to €7,808
- Gross operating margin -€2,176
down €2,176 (-10.7%), from €20,301 to €18,125
- Financial charges -€587
down €587 (-48.3%), from €1,216 to €629
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 | €128,115 | €112,677 | -€15,438 | -12.0% |
| Fixed assets | 21/28 | €4,512 | €3,226 | -€1,286 | -28.5% |
| Tangible fixed assets | 22/27 | €4,462 | €3,176 | -€1,286 | -28.8% |
| Land and buildings | 22 | €1,671 | €1,365 | -€307 | -18.3% |
| Furniture and vehicles | 24 | €2,791 | €1,811 | -€980 | -35.1% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €123,603 | €109,451 | -€14,151 | -11.4% |
| Amounts receivable within one year | 40/41 | €14,613 | €13,777 | -€836 | -5.7% |
| Trade receivables | 40 | €8,785 | €9,321 | +€537 | +6.1% |
| Other amounts receivable | 41 | €5,828 | €4,455 | -€1,373 | -23.6% |
| Current investments | 50/53 | €100,000 | €59,999 | -€40,001 | -40.0% |
| Cash at bank and in hand | 54/58 | €4,390 | €33,138 | +€28,748 | +655% |
| Deferred charges and accrued income | 490/1 | €4,600 | €2,538 | -€2,063 | -44.8% |
| Total equity and liabilities | 10/49 | €128,115 | €112,677 | -€15,438 | -12.0% |
| Equity | 10/15 | €87,205 | €101,003 | +€13,799 | +15.8% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €85,205 | €99,003 | +€13,799 | +16.2% |
| Distributable reserves | 133 | €85,205 | €99,003 | +€13,799 | +16.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €40,910 | €11,674 | -€29,236 | -71.5% |
| Amounts payable within one year | 42/48 | €40,910 | €11,674 | -€29,236 | -71.5% |
| Financial debts | 43 | €0 | - | = | |
| Other loans | 439 | €0 | - | = | |
| Trade debts | 44 | €1,566 | €1,753 | +€186 | +11.9% |
| Suppliers | 440/4 | €1,566 | €1,753 | +€186 | +11.9% |
| Taxes, remuneration and social security | 45 | €4,472 | €2,210 | -€2,262 | -50.6% |
| Taxes | 450/3 | €1,832 | €2,210 | +€377 | +20.6% |
| Remuneration and social security | 454/9 | €2,640 | €0 | -€2,640 | -100% |
| Other amounts payable | 47/48 | €34,872 | €7,711 | -€27,161 | -77.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,362 | €1,286 | -€76 | -5.5% |
| Other operating charges | 640/8 | €997 | €1,059 | +€62 | +6.3% |
| Gross operating margin | 9900 | €20,301 | €18,125 | -€2,176 | -10.7% |
| Operating profit (loss) | 9901 | €17,942 | €15,780 | -€2,163 | -12.1% |
| Financial income | 75/76B | €84 | €6,456 | +€6,372 | +7,605% |
| Recurring financial income | 75 | €84 | €6,456 | +€6,372 | +7,605% |
| Financial charges | 65/66B | €1,216 | €629 | -€587 | -48.3% |
| Recurring financial charges | 65 | €1,216 | €629 | -€587 | -48.3% |
| Profit (loss) for the period before taxes | 9903 | €16,810 | €21,606 | +€4,797 | +28.5% |
| Income taxes | 67/77 | €5,336 | €7,808 | +€2,472 | +46.3% |
| Profit (loss) for the period | 9904 | €11,474 | €13,799 | +€2,325 | +20.3% |
| Profit (loss) for the period to be appropriated | 9905 | €11,474 | €13,799 | +€2,325 | +20.3% |
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 23 October 2026 via checked.be.