KB ELEKTRO: 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 ELEKTRO
Largest movements
- Tangible fixed assets +€56,020
up €56,020 (+123%), from €45,662 to €101,682
of which Furniture and vehicles: +€51,910
- Receivables within one year +€28,205
up €28,205 (+71.1%), from €39,696 to €67,900
of which Trade receivables: +€31,094
- Intangible fixed assets +€13,900
new in 2025: €13,900
- Deferred charges and accrued income +€7,654
up €7,654 (+897%), from €853 to €8,508
- Reserves +€65,944
up €65,944 (+54.5%), from €120,943 to €186,886
- Current portion of long-term debt +€17,723
up €17,723 (+328%), from €5,397 to €23,120
- Trade debts +€14,796
up €14,796 (+85.6%), from €17,278 to €32,074
- Other debts +€6,688
up €6,688 (+3,701%), from €181 to €6,869
- Tax, wage and social debts -€4,342
down €4,342 (-23.3%), from €18,643 to €14,301
- Gross operating margin +€31,348
up €31,348 (+35.9%), from €87,361 to €118,709
- Depreciation +€14,979
up €14,979 (+362%), from €4,140 to €19,119
- Other operating charges +€3,970
up €3,970, from €0 to €3,970
- Taxes +€3,520
up €3,520 (+16.2%), from €21,766 to €25,285
- Financial charges +€3,416
up €3,416 (+1,095%), from €312 to €3,728
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 | €187,838 | €292,021 | +€104,183 | +55.5% |
| Formation expenses | 20 | €498 | €295 | -€202 | -40.7% |
| Fixed assets | 21/28 | €45,662 | €115,581 | +€69,920 | +153% |
| Intangible fixed assets | 21 | - | €13,900 | +€13,900 | |
| Tangible fixed assets | 22/27 | €45,662 | €101,682 | +€56,020 | +123% |
| Land and buildings | 22 | €6,370 | €19,098 | +€12,728 | +200% |
| Plant, machinery and equipment | 23 | €5,098 | €3,278 | -€1,820 | -35.7% |
| Furniture and vehicles | 24 | €732 | €52,642 | +€51,910 | +7,092% |
| Leasing and similar rights | 25 | €33,461 | €26,663 | -€6,798 | -20.3% |
| Current assets | 29/58 | €141,679 | €176,145 | +€34,466 | +24.3% |
| Stocks and contracts in progress | 3 | €3,190 | €3,705 | +€515 | +16.1% |
| Stocks | 30/36 | €3,190 | €3,705 | +€515 | +16.1% |
| Amounts receivable within one year | 40/41 | €39,696 | €67,900 | +€28,205 | +71.1% |
| Trade receivables | 40 | €29,972 | €61,066 | +€31,094 | +104% |
| Other amounts receivable | 41 | €9,724 | €6,834 | -€2,890 | -29.7% |
| Cash at bank and in hand | 54/58 | €97,940 | €96,032 | -€1,908 | -1.9% |
| Deferred charges and accrued income | 490/1 | €853 | €8,508 | +€7,654 | +897% |
| Total equity and liabilities | 10/49 | €187,838 | €292,021 | +€104,183 | +55.5% |
| Equity | 10/15 | €122,943 | €188,886 | +€65,944 | +53.6% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €120,943 | €186,886 | +€65,944 | +54.5% |
| Distributable reserves | 133 | €120,943 | €186,886 | +€65,944 | +54.5% |
| Amounts payable | 17/49 | €64,896 | €103,135 | +€38,239 | +58.9% |
| Amounts payable after more than one year | 17 | €23,396 | €26,771 | +€3,374 | +14.4% |
| Financial debts | 170/4 | €23,396 | €26,771 | +€3,374 | +14.4% |
| Amounts payable within one year | 42/48 | €41,499 | €76,364 | +€34,865 | +84.0% |
| Current portion of amounts payable after more than one year | 42 | €5,397 | €23,120 | +€17,723 | +328% |
| Trade debts | 44 | €17,278 | €32,074 | +€14,796 | +85.6% |
| Suppliers | 440/4 | €17,278 | €32,074 | +€14,796 | +85.6% |
| Taxes, remuneration and social security | 45 | €18,643 | €14,301 | -€4,342 | -23.3% |
| Taxes | 450/3 | €18,643 | €14,301 | -€4,342 | -23.3% |
| Other amounts payable | 47/48 | €181 | €6,869 | +€6,688 | +3,701% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,140 | €19,119 | +€14,979 | +362% |
| Other operating charges | 640/8 | €0 | €3,970 | +€3,970 | |
| Non-recurring operating charges | 66A | €4,901 | €783 | -€4,118 | -84.0% |
| Gross operating margin | 9900 | €87,361 | €118,709 | +€31,348 | +35.9% |
| Operating profit (loss) | 9901 | €78,320 | €94,837 | +€16,517 | +21.1% |
| Financial income | 75/76B | €517 | €120 | -€397 | -76.8% |
| Recurring financial income | 75 | €517 | €120 | -€397 | -76.8% |
| Financial charges | 65/66B | €312 | €3,728 | +€3,416 | +1,095% |
| Recurring financial charges | 65 | €312 | €3,728 | +€3,416 | +1,095% |
| Profit (loss) for the period before taxes | 9903 | €78,526 | €91,229 | +€12,704 | +16.2% |
| Income taxes | 67/77 | €21,766 | €25,285 | +€3,520 | +16.2% |
| Profit (loss) for the period | 9904 | €56,760 | €65,944 | +€9,184 | +16.2% |
| Profit (loss) for the period to be appropriated | 9905 | €56,760 | €65,944 | +€9,184 | +16.2% |
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 20 October 2026 via checked.be.