KB7: what changed
Two fiscal 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.
KB7
Largest movements
- Receivables within one year +€78,482
up €78,482 (+66.6%), from €117,848 to €196,331
of which Trade receivables: +€98,535
- Stocks and contracts +€7,425
new in 2025: €7,425
- Cash -€7,035
down €7,035 (-92.8%), from €7,581 to €545
mainly Receivables within one year (-€78,482) and Investment in fixed assets (net) (-€8,694)
- Tangible fixed assets +€2,967
up €2,967 (+14.4%), from €20,663 to €23,631
of which Plant, machinery and equipment: +€5,459
- Trade debts +€70,870
up €70,870 (+51.3%), from €138,060 to €208,930
- Profit (loss) carried forward +€14,929
up €14,929 (+232.6%), from €6,418 to €21,347
- Tax, wage and social debts -€6,507
down €6,507 (-55.8%), from €11,654 to €5,147
- Gross operating margin +€12,406
up €12,406 (+124.3%), from €9,983 to €22,389
- Depreciation +€4,842
up €4,842 (+167.9%), from €2,884 to €7,727
- Other operating charges -€898
down €898 (-74.6%), from €1,204 to €306
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 | €156,132 | €235,424 | +€79,293 | +50.8% |
| Fixed assets | 21/28 | €30,155 | €31,123 | +€967 | +3.2% |
| Intangible fixed assets | 21 | €9,492 | €7,492 | -€2,000 | -21.1% |
| Tangible fixed assets | 22/27 | €20,663 | €23,631 | +€2,967 | +14.4% |
| Plant, machinery and equipment | 23 | €3,094 | €8,552 | +€5,459 | +176.4% |
| Furniture and vehicles | 24 | €17,569 | €15,078 | -€2,491 | -14.2% |
| Current assets | 29/58 | €125,976 | €204,301 | +€78,325 | +62.2% |
| Stocks and contracts in progress | 3 | - | €7,425 | +€7,425 | |
| Stocks | 30/36 | - | €7,425 | +€7,425 | |
| Amounts receivable within one year | 40/41 | €117,848 | €196,331 | +€78,482 | +66.6% |
| Trade receivables | 40 | €61,240 | €159,775 | +€98,535 | +160.9% |
| Other amounts receivable | 41 | €56,608 | €36,556 | -€20,052 | -35.4% |
| Cash at bank and in hand | 54/58 | €7,581 | €545 | -€7,035 | -92.8% |
| Deferred charges and accrued income | 490/1 | €547 | - | -€547 | |
| Total equity and liabilities | 10/49 | €156,132 | €235,424 | +€79,293 | +50.8% |
| Equity | 10/15 | €6,418 | €21,347 | +€14,929 | +232.6% |
| Profit (loss) carried forward | 14 | €6,418 | €21,347 | +€14,929 | +232.6% |
| Amounts payable | 17/49 | €149,714 | €214,077 | +€64,363 | +43.0% |
| Amounts payable within one year | 42/48 | €149,714 | €214,077 | +€64,363 | +43.0% |
| Trade debts | 44 | €138,060 | €208,930 | +€70,870 | +51.3% |
| Suppliers | 440/4 | €138,060 | €208,930 | +€70,870 | +51.3% |
| Taxes, remuneration and social security | 45 | €11,654 | €5,147 | -€6,507 | -55.8% |
| Taxes | 450/3 | €11,654 | €5,147 | -€6,507 | -55.8% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,884 | €7,727 | +€4,842 | +167.9% |
| Other operating charges | 640/8 | €1,204 | €306 | -€898 | -74.6% |
| Gross operating margin | 9900 | €9,983 | €22,389 | +€12,406 | +124.3% |
| Operating profit (loss) | 9901 | €5,895 | €14,357 | +€8,462 | +143.5% |
| Financial income | 75/76B | €973 | €1,091 | +€117 | +12.1% |
| Recurring financial income | 75 | €973 | €1,091 | +€117 | +12.1% |
| Financial charges | 65/66B | €451 | €518 | +€67 | +14.9% |
| Recurring financial charges | 65 | €451 | €518 | +€67 | +14.9% |
| Profit (loss) for the period before taxes | 9903 | €6,418 | €14,929 | +€8,512 | +132.6% |
| Profit (loss) for the period | 9904 | €6,418 | €14,929 | +€8,512 | +132.6% |
| Profit (loss) for the period to be appropriated | 9905 | €6,418 | €14,929 | +€8,512 | +132.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.