KB MANAGEMENT: 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 MANAGEMENT
Largest movements
- Tangible fixed assets -€15,676
down €15,676 (-19.4%), from €80,627 to €64,952
of which Furniture and vehicles: -€11,850
- Cash +€11,524
up €11,524 (+23,490%), from €49 to €11,573
mainly Trade debts (+€20,412) and Depreciation (+€19,108)
- Receivables within one year -€5,848
down €5,848 (-7.1%), from €82,048 to €76,200
of which Other amounts receivable: -€23,814
- Deferred charges and accrued income +€3,723
new in 2025: €3,723
- Trade debts +€20,412
up €20,412 (+244%), from €8,356 to €28,768
- Debts after one year -€16,159
no longer reported in 2025 (was €16,159)
- Tax, wage and social debts -€10,943
down €10,943 (-38.5%), from €28,387 to €17,444
- Reserves +€2,239
up €2,239 (+4.1%), from €55,146 to €57,385
- Gross operating margin -€17,565
down €17,565 (-41.8%), from €42,009 to €24,444
- Taxes -€5,820
down €5,820 (-76.6%), from €7,600 to €1,780
- Financial income -€1,379
down €1,379 (-58.4%), from €2,361 to €982
- Other operating charges -€1,003
down €1,003 (-68.1%), from €1,472 to €470
- Financial charges -€933
down €933 (-33.8%), from €2,763 to €1,830
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 | €164,144 | €157,868 | -€6,276 | -3.8% |
| Fixed assets | 21/28 | €82,047 | €66,372 | -€15,676 | -19.1% |
| Tangible fixed assets | 22/27 | €80,627 | €64,952 | -€15,676 | -19.4% |
| Plant, machinery and equipment | 23 | €17,304 | €13,478 | -€3,826 | -22.1% |
| Furniture and vehicles | 24 | €63,324 | €51,474 | -€11,850 | -18.7% |
| Financial fixed assets | 28 | €1,420 | €1,420 | = | 0.0% |
| Current assets | 29/58 | €82,097 | €91,497 | +€9,400 | +11.4% |
| Amounts receivable within one year | 40/41 | €82,048 | €76,200 | -€5,848 | -7.1% |
| Trade receivables | 40 | €58,234 | €76,200 | +€17,966 | +30.9% |
| Other amounts receivable | 41 | €23,814 | - | -€23,814 | |
| Cash at bank and in hand | 54/58 | €49 | €11,573 | +€11,524 | +23,490% |
| Deferred charges and accrued income | 490/1 | - | €3,723 | +€3,723 | |
| Total equity and liabilities | 10/49 | €164,144 | €157,868 | -€6,276 | -3.8% |
| Equity | 10/15 | €86,645 | €88,884 | +€2,239 | +2.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €55,146 | €57,385 | +€2,239 | +4.1% |
| Distributable reserves | 133 | €55,146 | €57,385 | +€2,239 | +4.1% |
| Profit (loss) carried forward | 14 | €25,299 | €25,299 | = | 0.0% |
| Amounts payable | 17/49 | €77,500 | €68,984 | -€8,515 | -11.0% |
| Amounts payable after more than one year | 17 | €16,159 | - | -€16,159 | |
| Financial debts | 170/4 | €16,159 | - | -€16,159 | |
| Amounts payable within one year | 42/48 | €61,341 | €68,984 | +€7,643 | +12.5% |
| Current portion of amounts payable after more than one year | 42 | €16,128 | €14,870 | -€1,258 | -7.8% |
| Trade debts | 44 | €8,356 | €28,768 | +€20,412 | +244% |
| Suppliers | 440/4 | €8,356 | €28,768 | +€20,412 | +244% |
| Taxes, remuneration and social security | 45 | €28,387 | €17,444 | -€10,943 | -38.5% |
| Taxes | 450/3 | €28,387 | €17,444 | -€10,943 | -38.5% |
| Other amounts payable | 47/48 | €8,470 | €7,903 | -€567 | -6.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,108 | €19,108 | = | 0.0% |
| Other operating charges | 640/8 | €1,472 | €470 | -€1,003 | -68.1% |
| Gross operating margin | 9900 | €42,009 | €24,444 | -€17,565 | -41.8% |
| Operating profit (loss) | 9901 | €21,429 | €4,867 | -€16,562 | -77.3% |
| Financial income | 75/76B | €2,361 | €982 | -€1,379 | -58.4% |
| Recurring financial income | 75 | €2,361 | €982 | -€1,379 | -58.4% |
| Financial charges | 65/66B | €2,763 | €1,830 | -€933 | -33.8% |
| Recurring financial charges | 65 | €2,763 | €1,830 | -€933 | -33.8% |
| Profit (loss) for the period before taxes | 9903 | €21,027 | €4,019 | -€17,008 | -80.9% |
| Income taxes | 67/77 | €7,600 | €1,780 | -€5,820 | -76.6% |
| Profit (loss) for the period | 9904 | €13,427 | €2,239 | -€11,188 | -83.3% |
| Profit (loss) for the period to be appropriated | 9905 | €13,427 | €2,239 | -€11,188 | -83.3% |
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 1 November 2026 via checked.be.