KB Trading: 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 Trading
Largest movements
- Stocks and contracts +€25,769
up €25,769 (+16.0%), from €160,659 to €186,428
- Receivables within one year -€14,967
down €14,967 (-69.8%), from €21,428 to €6,462
- Cash +€11,552
up €11,552 (+26.4%), from €43,788 to €55,341
mainly Trade debts (+€33,607) and Net result for the year (+€18,529)
- Tangible fixed assets +€5,675
up €5,675 (+56.1%), from €10,109 to €15,784
of which Furniture and vehicles: +€9,202
- Debts after one year -€38,196
down €38,196 (-63.1%), from €60,497 to €22,301
- Trade debts +€33,607
up €33,607 (+115%), from €29,299 to €62,907
- Reserves +€15,500
up €15,500 (+45.0%), from €34,450 to €49,950
- Tax, wage and social debts +€9,314
up €9,314 (+41.3%), from €22,559 to €31,873
- Other debts +€7,777
up €7,777 (+902%), from €862 to €8,639
- Gross operating margin +€9,963
up €9,963 (+26.8%), from €37,153 to €47,117
- Depreciation +€2,388
up €2,388 (+53.9%), from €4,433 to €6,821
- Taxes +€2,374
up €2,374 (+50.4%), from €4,707 to €7,081
- Financial charges -€2,015
down €2,015 (-36.4%), from €5,528 to €3,513
- Other operating charges -€975
down €975 (-7.6%), from €12,788 to €11,813
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 | €247,140 | €273,671 | +€26,531 | +10.7% |
| Fixed assets | 21/28 | €18,402 | €23,610 | +€5,208 | +28.3% |
| Intangible fixed assets | 21 | €785 | €318 | -€467 | -59.4% |
| Tangible fixed assets | 22/27 | €10,109 | €15,784 | +€5,675 | +56.1% |
| Land and buildings | 22 | €10,027 | €6,499 | -€3,528 | -35.2% |
| Furniture and vehicles | 24 | €82 | €9,284 | +€9,202 | +11,202% |
| Financial fixed assets | 28 | €7,508 | €7,508 | = | 0.0% |
| Current assets | 29/58 | €228,738 | €250,061 | +€21,323 | +9.3% |
| Stocks and contracts in progress | 3 | €160,659 | €186,428 | +€25,769 | +16.0% |
| Stocks | 30/36 | €160,659 | €186,428 | +€25,769 | +16.0% |
| Amounts receivable within one year | 40/41 | €21,428 | €6,462 | -€14,967 | -69.8% |
| Trade receivables | 40 | €21,428 | €6,462 | -€14,967 | -69.8% |
| Cash at bank and in hand | 54/58 | €43,788 | €55,341 | +€11,552 | +26.4% |
| Deferred charges and accrued income | 490/1 | €2,862 | €1,831 | -€1,032 | -36.0% |
| Total equity and liabilities | 10/49 | €247,140 | €273,671 | +€26,531 | +10.7% |
| Equity | 10/15 | €76,205 | €91,734 | +€15,529 | +20.4% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €34,450 | €49,950 | +€15,500 | +45.0% |
| Distributable reserves | 133 | €34,450 | €49,950 | +€15,500 | +45.0% |
| Profit (loss) carried forward | 14 | €26,755 | €26,784 | +€29 | +0.1% |
| Amounts payable | 17/49 | €170,935 | €181,937 | +€11,002 | +6.4% |
| Amounts payable after more than one year | 17 | €60,497 | €22,301 | -€38,196 | -63.1% |
| Financial debts | 170/4 | €60,497 | €22,301 | -€38,196 | -63.1% |
| Amounts payable within one year | 42/48 | €110,438 | €159,636 | +€49,198 | +44.5% |
| Current portion of amounts payable after more than one year | 42 | €40,808 | €38,196 | -€2,612 | -6.4% |
| Trade debts | 44 | €29,299 | €62,907 | +€33,607 | +115% |
| Suppliers | 440/4 | €29,299 | €62,907 | +€33,607 | +115% |
| Advances received on contracts in progress | 46 | €16,910 | €18,022 | +€1,112 | +6.6% |
| Taxes, remuneration and social security | 45 | €22,559 | €31,873 | +€9,314 | +41.3% |
| Taxes | 450/3 | €22,559 | €31,873 | +€9,314 | +41.3% |
| Other amounts payable | 47/48 | €862 | €8,639 | +€7,777 | +902% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,433 | €6,821 | +€2,388 | +53.9% |
| Other operating charges | 640/8 | €12,788 | €11,813 | -€975 | -7.6% |
| Gross operating margin | 9900 | €37,153 | €47,117 | +€9,963 | +26.8% |
| Operating profit (loss) | 9901 | €19,933 | €28,483 | +€8,550 | +42.9% |
| Financial income | 75/76B | €63 | €641 | +€577 | +910% |
| Recurring financial income | 75 | €63 | €641 | +€577 | +910% |
| Financial charges | 65/66B | €5,528 | €3,513 | -€2,015 | -36.4% |
| Recurring financial charges | 65 | €5,528 | €3,513 | -€2,015 | -36.4% |
| Profit (loss) for the period before taxes | 9903 | €14,468 | €25,611 | +€11,142 | +77.0% |
| Income taxes | 67/77 | €4,707 | €7,081 | +€2,374 | +50.4% |
| Profit (loss) for the period | 9904 | €9,761 | €18,529 | +€8,768 | +89.8% |
| Profit (loss) for the period to be appropriated | 9905 | €9,761 | €18,529 | +€8,768 | +89.8% |
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 16 October 2026 via checked.be.