KB Advisory: 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.
KB Advisory
Largest movements
- Cash -€156,741
down €156,741 (-84.8%), from €184,770 to €28,029
mainly Other debts (-€118,321) and Contributions, distributions and other (-€63,103)
- Current investments +€20,000
new in 2025: €20,000
- Receivables within one year -€10,297
down €10,297 (-37.0%), from €27,842 to €17,545
- Other debts -€118,321
down €118,321 (-65.2%), from €181,424 to €63,103
- Tax, wage and social debts -€28,622
down €28,622 (-75.4%), from €37,938 to €9,316
- Financial income -€29,543
no longer reported in 2025 (was €29,543)
- Gross operating margin +€12,810
up €12,810 (+18.6%), from €68,945 to €81,755
- Taxes +€2,415
up €2,415 (+17.0%), from €14,196 to €16,611
- Depreciation -€959
down €959 (-39.6%), from €2,421 to €1,462
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 | €220,501 | €73,739 | -€146,762 | -66.6% |
| Fixed assets | 21/28 | €7,889 | €8,165 | +€276 | +3.5% |
| Tangible fixed assets | 22/27 | €7,889 | €8,165 | +€276 | +3.5% |
| Land and buildings | 22 | €7,554 | €7,699 | +€145 | +1.9% |
| Furniture and vehicles | 24 | €335 | €466 | +€131 | +39.1% |
| Current assets | 29/58 | €212,612 | €65,574 | -€147,038 | -69.2% |
| Amounts receivable within one year | 40/41 | €27,842 | €17,545 | -€10,297 | -37.0% |
| Trade receivables | 40 | €27,842 | €17,545 | -€10,297 | -37.0% |
| Current investments | 50/53 | - | €20,000 | +€20,000 | |
| Cash at bank and in hand | 54/58 | €184,770 | €28,029 | -€156,741 | -84.8% |
| Total equity and liabilities | 10/49 | €220,501 | €73,739 | -€146,762 | -66.6% |
| Equity | 10/15 | €1 | €1 | = | 0.0% |
| Contributions | 10/11 | €1 | €1 | = | 0.0% |
| Amounts payable | 17/49 | €220,500 | €73,738 | -€146,762 | -66.6% |
| Amounts payable within one year | 42/48 | €220,500 | €73,738 | -€146,762 | -66.6% |
| Trade debts | 44 | €1,138 | €1,319 | +€181 | +15.9% |
| Suppliers | 440/4 | €1,138 | €1,319 | +€181 | +15.9% |
| Taxes, remuneration and social security | 45 | €37,938 | €9,316 | -€28,622 | -75.4% |
| Taxes | 450/3 | €37,938 | €9,316 | -€28,622 | -75.4% |
| Other amounts payable | 47/48 | €181,424 | €63,103 | -€118,321 | -65.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,421 | €1,462 | -€959 | -39.6% |
| Other operating charges | 640/8 | €679 | €516 | -€163 | -24.0% |
| Gross operating margin | 9900 | €68,945 | €81,755 | +€12,810 | +18.6% |
| Operating profit (loss) | 9901 | €65,845 | €79,777 | +€13,932 | +21.2% |
| Financial income | 75/76B | €29,543 | - | -€29,543 | |
| Recurring financial income | 75 | €29,543 | - | -€29,543 | |
| Financial charges | 65/66B | €72 | €63 | -€9 | -12.5% |
| Recurring financial charges | 65 | €72 | €63 | -€9 | -12.5% |
| Profit (loss) for the period before taxes | 9903 | €95,316 | €79,714 | -€15,602 | -16.4% |
| Income taxes | 67/77 | €14,196 | €16,611 | +€2,415 | +17.0% |
| Profit (loss) for the period | 9904 | €81,120 | €63,103 | -€18,017 | -22.2% |
| Profit (loss) for the period to be appropriated | 9905 | €81,120 | €63,103 | -€18,017 | -22.2% |
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 12 October 2026 via checked.be.