KBCON: 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.
KBCON
Largest movements
- Financial fixed assets +€50,000
new in 2025: €50,000
- Receivables within one year -€31,460
down €31,460 (-76.3%), from €41,223 to €9,763
of which Trade receivables: -€31,460
- Cash +€18,595
up €18,595 (+2746.4%), from €677 to €19,272
mainly Net result for the year (+€39,102) and Receivables within one year (+€31,460)
- Tangible fixed assets -€9,111
down €9,111 (-35.3%), from €25,789 to €16,678
- Profit (loss) carried forward +€39,102
up €39,102 (+130.5%), from €29,952 to €69,054
- Tax, wage and social debts -€11,229
down €11,229 (-53.0%), from €21,192 to €9,963
of which Remuneration and social security: -€6,040
- Other debts +€6,778
up €6,778 (+377.5%), from €1,795 to €8,573
- Debts after one year -€5,319
down €5,319 (-100.0%), from €5,319 to €0
- Current portion of long-term debt -€1,435
down €1,435 (-21.2%), from €6,754 to €5,319
- Gross operating margin +€42,830
up €42,830 (+201.1%), from €21,297 to €64,127
- Taxes +€11,332
up €11,332 (+445.7%), from €2,543 to €13,875
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 | €68,689 | €96,745 | +€28,056 | +40.8% |
| Fixed assets | 21/28 | €25,789 | €66,678 | +€40,889 | +158.5% |
| Tangible fixed assets | 22/27 | €25,789 | €16,678 | -€9,111 | -35.3% |
| Furniture and vehicles | 24 | €25,789 | €16,678 | -€9,111 | -35.3% |
| Financial fixed assets | 28 | - | €50,000 | +€50,000 | |
| Current assets | 29/58 | €42,900 | €30,067 | -€12,833 | -29.9% |
| Amounts receivable within one year | 40/41 | €41,223 | €9,763 | -€31,460 | -76.3% |
| Trade receivables | 40 | €41,140 | €9,680 | -€31,460 | -76.5% |
| Other amounts receivable | 41 | €83 | €83 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €677 | €19,272 | +€18,595 | +2746.4% |
| Deferred charges and accrued income | 490/1 | €1,000 | €1,032 | +€32 | +3.2% |
| Total equity and liabilities | 10/49 | €68,689 | €96,745 | +€28,056 | +40.8% |
| Equity | 10/15 | €32,952 | €72,054 | +€39,102 | +118.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €29,952 | €69,054 | +€39,102 | +130.5% |
| Amounts payable | 17/49 | €35,737 | €24,691 | -€11,046 | -30.9% |
| Amounts payable after more than one year | 17 | €5,319 | €0 | -€5,319 | -100.0% |
| Financial debts | 170/4 | €5,319 | €0 | -€5,319 | -100.0% |
| Amounts payable within one year | 42/48 | €30,418 | €24,691 | -€5,727 | -18.8% |
| Current portion of amounts payable after more than one year | 42 | €6,754 | €5,319 | -€1,435 | -21.2% |
| Trade debts | 44 | €677 | €837 | +€160 | +23.7% |
| Suppliers | 440/4 | €677 | €837 | +€160 | +23.7% |
| Taxes, remuneration and social security | 45 | €21,192 | €9,963 | -€11,229 | -53.0% |
| Taxes | 450/3 | €13,944 | €8,755 | -€5,189 | -37.2% |
| Remuneration and social security | 454/9 | €7,248 | €1,208 | -€6,040 | -83.3% |
| Other amounts payable | 47/48 | €1,795 | €8,573 | +€6,778 | +377.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,955 | €9,955 | +€1 | 0.0% |
| Other operating charges | 640/8 | €121 | €400 | +€279 | +230.1% |
| Non-recurring operating charges | 66A | - | €155 | +€155 | |
| Gross operating margin | 9900 | €21,297 | €64,127 | +€42,830 | +201.1% |
| Operating profit (loss) | 9901 | €11,221 | €53,617 | +€42,396 | +377.8% |
| Financial charges | 65/66B | €1,010 | €641 | -€369 | -36.6% |
| Recurring financial charges | 65 | €1,010 | €641 | -€369 | -36.6% |
| Profit (loss) for the period before taxes | 9903 | €10,212 | €52,976 | +€42,765 | +418.8% |
| Income taxes | 67/77 | €2,543 | €13,875 | +€11,332 | +445.7% |
| Profit (loss) for the period | 9904 | €7,669 | €39,102 | +€31,432 | +409.9% |
| Profit (loss) for the period to be appropriated | 9905 | €7,669 | €39,102 | +€31,432 | +409.9% |
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 10 October 2026 via checked.be.