KBG 1: 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.
KBG 1
Largest movements
- Receivables within one year +€53,975
up €53,975 (+185%), from €29,183 to €83,159
of which Other amounts receivable: +€32,195
- Cash +€5,930
up €5,930 (+11.7%), from €50,532 to €56,462
mainly Trade debts (+€45,636) and Net result for the year (+€10,579)
- Trade debts +€45,636
up €45,636 (+319%), from €14,304 to €59,939
- Reserves +€10,579
up €10,579 (+18.2%), from €58,248 to €68,827
of which Distributable reserves: +€12,161
- Tax, wage and social debts +€3,427
up €3,427 (+96.2%), from €3,562 to €6,988
- Gross operating margin +€7,044
up €7,044 (+38.9%), from €18,097 to €25,141
- Financial charges +€1,885
up €1,885 (+29.3%), from €6,438 to €8,323
- Taxes +€1,283
up €1,283 (+70.1%), from €1,831 to €3,114
- Other operating charges +€1,074
up €1,074 (+71.7%), from €1,497 to €2,571
- Depreciation -€1,060
no longer reported in 2025 (was €1,060)
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 | €82,313 | €141,955 | +€59,641 | +72.5% |
| Fixed assets | 21/28 | €1,973 | €1,973 | = | 0.0% |
| Tangible fixed assets | 22/27 | €0 | €0 | = | |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Financial fixed assets | 28 | €1,973 | €1,973 | = | 0.0% |
| Current assets | 29/58 | €80,340 | €139,981 | +€59,641 | +74.2% |
| Amounts receivable within one year | 40/41 | €29,183 | €83,159 | +€53,975 | +185% |
| Trade receivables | 40 | €19,531 | €41,311 | +€21,780 | +112% |
| Other amounts receivable | 41 | €9,652 | €41,847 | +€32,195 | +334% |
| Cash at bank and in hand | 54/58 | €50,532 | €56,462 | +€5,930 | +11.7% |
| Deferred charges and accrued income | 490/1 | €625 | €361 | -€264 | -42.2% |
| Total equity and liabilities | 10/49 | €82,313 | €141,955 | +€59,641 | +72.5% |
| Equity | 10/15 | €64,448 | €75,027 | +€10,579 | +16.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €58,248 | €68,827 | +€10,579 | +18.2% |
| Non-distributable reserves | 130/1 | €1,582 | - | -€1,582 | |
| Reserves not available under the articles | 1311 | €1,582 | - | -€1,582 | |
| Distributable reserves | 133 | €56,666 | €68,827 | +€12,161 | +21.5% |
| Amounts payable | 17/49 | €17,865 | €66,928 | +€49,062 | +275% |
| Amounts payable within one year | 42/48 | €17,865 | €66,928 | +€49,062 | +275% |
| Trade debts | 44 | €14,304 | €59,939 | +€45,636 | +319% |
| Suppliers | 440/4 | €14,304 | €59,939 | +€45,636 | +319% |
| Taxes, remuneration and social security | 45 | €3,562 | €6,988 | +€3,427 | +96.2% |
| Taxes | 450/3 | €3,562 | €6,988 | +€3,427 | +96.2% |
| Remuneration, social security and pensions | 62 | €526 | €553 | +€27 | +5.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,060 | - | -€1,060 | |
| Other operating charges | 640/8 | €1,497 | €2,571 | +€1,074 | +71.7% |
| Gross operating margin | 9900 | €18,097 | €25,141 | +€7,044 | +38.9% |
| Operating profit (loss) | 9901 | €15,014 | €22,017 | +€7,003 | +46.6% |
| Financial income | 75/76B | €0 | €0 | +€0 | +100% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +100% |
| Financial charges | 65/66B | €6,438 | €8,323 | +€1,885 | +29.3% |
| Recurring financial charges | 65 | €6,438 | €8,323 | +€1,885 | +29.3% |
| Profit (loss) for the period before taxes | 9903 | €8,576 | €13,694 | +€5,117 | +59.7% |
| Income taxes | 67/77 | €1,831 | €3,114 | +€1,283 | +70.1% |
| Profit (loss) for the period | 9904 | €6,745 | €10,579 | +€3,834 | +56.8% |
| Profit (loss) for the period to be appropriated | 9905 | €6,745 | €10,579 | +€3,834 | +56.8% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.