KBE Management: 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.
KBE Management
Largest movements
- Cash -€13,062
down €13,062 (-63.8%), from €20,470 to €7,408
mainly Other debts (-€15,077) and Contributions, distributions and other (-€12,435)
- Receivables within one year -€9,984
down €9,984 (-27.4%), from €36,460 to €26,476
of which Other amounts receivable: -€10,637
- Tangible fixed assets +€6,035
up €6,035 (+81.2%), from €7,434 to €13,469
of which Other tangible fixed assets: +€6,758
- Other debts -€15,077
down €15,077 (-54.8%), from €27,512 to €12,435
- Tax, wage and social debts -€3,200
down €3,200 (-37.8%), from €8,476 to €5,276
of which Remuneration and social security: -€2,260
- Trade debts +€1,649
up €1,649 (+5190.2%), from €32 to €1,681
- Accrued charges and deferred income -€1,466
down €1,466 (-100.0%), from €1,466 to €0
- Current portion of long-term debt +€1,362
up €1,362 (+27.1%), from €5,017 to €6,379
- Gross operating margin -€16,246
down €16,246 (-45.3%), from €35,840 to €19,593
- Taxes -€3,401
down €3,401 (-39.7%), from €8,567 to €5,166
- Financial income -€2,503
down €2,503 (-67.8%), from €3,692 to €1,189
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 | €66,436 | €49,709 | -€16,727 | -25.2% |
| Fixed assets | 21/28 | €7,434 | €13,469 | +€6,035 | +81.2% |
| Tangible fixed assets | 22/27 | €7,434 | €13,469 | +€6,035 | +81.2% |
| Furniture and vehicles | 24 | €2,127 | €1,404 | -€723 | -34.0% |
| Other tangible fixed assets | 26 | €5,308 | €12,065 | +€6,758 | +127.3% |
| Current assets | 29/58 | €59,001 | €36,240 | -€22,762 | -38.6% |
| Amounts receivable within one year | 40/41 | €36,460 | €26,476 | -€9,984 | -27.4% |
| Trade receivables | 40 | €10,483 | €11,137 | +€653 | +6.2% |
| Other amounts receivable | 41 | €25,977 | €15,340 | -€10,637 | -40.9% |
| Cash at bank and in hand | 54/58 | €20,470 | €7,408 | -€13,062 | -63.8% |
| Deferred charges and accrued income | 490/1 | €2,071 | €2,356 | +€285 | +13.7% |
| Total equity and liabilities | 10/49 | €66,436 | €49,709 | -€16,727 | -25.2% |
| Equity | 10/15 | €18,600 | €18,600 | = | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €47,836 | €31,109 | -€16,727 | -35.0% |
| Amounts payable after more than one year | 17 | €2,158 | €2,246 | +€89 | +4.1% |
| Financial debts | 170/4 | €2,158 | €2,246 | +€89 | +4.1% |
| Amounts payable within one year | 42/48 | €44,212 | €28,863 | -€15,349 | -34.7% |
| Current portion of amounts payable after more than one year | 42 | €5,017 | €6,379 | +€1,362 | +27.1% |
| Financial debts | 43 | €3,174 | €3,091 | -€83 | -2.6% |
| Credit institutions | 430/8 | €3,174 | €3,091 | -€83 | -2.6% |
| Trade debts | 44 | €32 | €1,681 | +€1,649 | +5190.2% |
| Suppliers | 440/4 | €32 | €1,681 | +€1,649 | +5190.2% |
| Taxes, remuneration and social security | 45 | €8,476 | €5,276 | -€3,200 | -37.8% |
| Taxes | 450/3 | €6,064 | €5,124 | -€940 | -15.5% |
| Remuneration and social security | 454/9 | €2,412 | €152 | -€2,260 | -93.7% |
| Other amounts payable | 47/48 | €27,512 | €12,435 | -€15,077 | -54.8% |
| Accrued charges and deferred income | 492/3 | €1,466 | €0 | -€1,466 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,821 | €1,465 | -€356 | -19.5% |
| Other operating charges | 640/8 | €707 | €769 | +€63 | +8.9% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €35,840 | €19,593 | -€16,246 | -45.3% |
| Operating profit (loss) | 9901 | €33,312 | €17,359 | -€15,953 | -47.9% |
| Financial income | 75/76B | €3,692 | €1,189 | -€2,503 | -67.8% |
| Recurring financial income | 75 | €3,692 | €1,189 | -€2,503 | -67.8% |
| Financial charges | 65/66B | €925 | €946 | +€22 | +2.4% |
| Recurring financial charges | 65 | €925 | €946 | +€22 | +2.4% |
| Profit (loss) for the period before taxes | 9903 | €36,079 | €17,601 | -€18,479 | -51.2% |
| Income taxes | 67/77 | €8,567 | €5,166 | -€3,401 | -39.7% |
| Profit (loss) for the period | 9904 | €27,512 | €12,435 | -€15,077 | -54.8% |
| Profit (loss) for the period to be appropriated | 9905 | €27,512 | €12,435 | -€15,077 | -54.8% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.