KBK: 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.
KBK
Largest movements
- Tangible fixed assets +€193,109
up €193,109 (+66.6%), from €289,920 to €483,028
of which Furniture and vehicles: +€141,555
- Receivables within one year -€54,377
down €54,377 (-65.1%), from €83,587 to €29,210
of which Other amounts receivable: -€51,982
- Stocks and contracts -€28,775
down €28,775 (-23.8%), from €120,686 to €91,911
- Debts after one year +€97,325
up €97,325 (+35.0%), from €277,774 to €375,099
- Other debts +€52,439
up €52,439 (+6554.8%), from €800 to €53,239
- Reserves -€50,099
down €50,099 (-41.1%), from €121,998 to €71,899
of which Distributable reserves: -€50,288
- Current portion of long-term debt +€16,380
up €16,380 (+160.4%), from €10,211 to €26,591
- Depreciation +€17,757
up €17,757 (+103.5%), from €17,158 to €34,915
- Gross operating margin +€7,642
up €7,642 (+13.9%), from €54,932 to €62,574
- Staff costs +€7,596
up €7,596 (+1266.0%), from €600 to €8,196
- Taxes -€6,033
down €6,033 (-80.1%), from €7,532 to €1,499
- Financial charges +€1,623
up €1,623 (+12.5%), from €13,026 to €14,649
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 | €501,972 | €613,519 | +€111,547 | +22.2% |
| Fixed assets | 21/28 | €291,720 | €484,828 | +€193,109 | +66.2% |
| Tangible fixed assets | 22/27 | €289,920 | €483,028 | +€193,109 | +66.6% |
| Land and buildings | 22 | €275,967 | €327,521 | +€51,554 | +18.7% |
| Furniture and vehicles | 24 | €13,952 | €155,507 | +€141,555 | +1014.6% |
| Financial fixed assets | 28 | €1,800 | €1,800 | = | 0.0% |
| Current assets | 29/58 | €210,253 | €128,691 | -€81,562 | -38.8% |
| Stocks and contracts in progress | 3 | €120,686 | €91,911 | -€28,775 | -23.8% |
| Stocks | 30/36 | €120,686 | €91,911 | -€28,775 | -23.8% |
| Amounts receivable within one year | 40/41 | €83,587 | €29,210 | -€54,377 | -65.1% |
| Trade receivables | 40 | €9,336 | €6,942 | -€2,394 | -25.6% |
| Other amounts receivable | 41 | €74,250 | €22,268 | -€51,982 | -70.0% |
| Cash at bank and in hand | 54/58 | €3,168 | €5,143 | +€1,975 | +62.3% |
| Deferred charges and accrued income | 490/1 | €2,812 | €2,426 | -€386 | -13.7% |
| Total equity and liabilities | 10/49 | €501,972 | €613,519 | +€111,547 | +22.2% |
| Equity | 10/15 | €183,998 | €133,899 | -€50,099 | -27.2% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €121,998 | €71,899 | -€50,099 | -41.1% |
| Non-distributable reserves | 130/1 | €1,134 | €1,323 | +€189 | +16.7% |
| Legal reserve | 130 | €1,134 | €1,323 | +€189 | +16.7% |
| Distributable reserves | 133 | €120,864 | €70,576 | -€50,288 | -41.6% |
| Amounts payable | 17/49 | €317,974 | €479,620 | +€161,646 | +50.8% |
| Amounts payable after more than one year | 17 | €277,774 | €375,099 | +€97,325 | +35.0% |
| Financial debts | 170/4 | €277,774 | €375,099 | +€97,325 | +35.0% |
| Amounts payable within one year | 42/48 | €40,156 | €104,126 | +€63,970 | +159.3% |
| Current portion of amounts payable after more than one year | 42 | €10,211 | €26,591 | +€16,380 | +160.4% |
| Trade debts | 44 | €15,433 | €9,787 | -€5,645 | -36.6% |
| Suppliers | 440/4 | €15,433 | €9,787 | -€5,645 | -36.6% |
| Taxes, remuneration and social security | 45 | €13,713 | €14,509 | +€796 | +5.8% |
| Taxes | 450/3 | €13,372 | €14,062 | +€689 | +5.2% |
| Remuneration and social security | 454/9 | €341 | €447 | +€107 | +31.4% |
| Other amounts payable | 47/48 | €800 | €53,239 | +€52,439 | +6554.8% |
| Accrued charges and deferred income | 492/3 | €44 | €395 | +€351 | +796.7% |
| Remuneration, social security and pensions | 62 | €600 | €8,196 | +€7,596 | +1266.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,158 | €34,915 | +€17,757 | +103.5% |
| Other operating charges | 640/8 | €2,894 | €2,504 | -€390 | -13.5% |
| Gross operating margin | 9900 | €54,932 | €62,574 | +€7,642 | +13.9% |
| Operating profit (loss) | 9901 | €34,279 | €16,959 | -€17,320 | -50.5% |
| Financial income | 75/76B | €2,843 | €2,328 | -€515 | -18.1% |
| Recurring financial income | 75 | €2,843 | €2,328 | -€515 | -18.1% |
| Financial charges | 65/66B | €13,026 | €14,649 | +€1,623 | +12.5% |
| Recurring financial charges | 65 | €13,026 | €14,649 | +€1,623 | +12.5% |
| Profit (loss) for the period before taxes | 9903 | €24,097 | €4,639 | -€19,458 | -80.8% |
| Income taxes | 67/77 | €7,532 | €1,499 | -€6,033 | -80.1% |
| Profit (loss) for the period | 9904 | €16,564 | €3,139 | -€13,425 | -81.0% |
| Profit (loss) for the period to be appropriated | 9905 | €16,564 | €3,139 | -€13,425 | -81.0% |
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.