KBKR: 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.
KBKR
Largest movements
- Cash +€24,936
up €24,936 (+88.3%), from €28,250 to €53,185
mainly Net result for the year (+€28,092) and Depreciation (+€24,328)
- Tangible fixed assets -€14,379
down €14,379 (-3.1%), from €468,438 to €454,059
of which Land and buildings: -€9,734
- Receivables within one year -€7,380
down €7,380 (-98.6%), from €7,483 to €103
of which Trade receivables: -€6,390
- Debts after one year -€35,278
down €35,278 (-11.8%), from €299,869 to €264,591
- Reserves +€32,886
up €32,886 (+37.2%), from €88,370 to €121,256
- Tax, wage and social debts +€10,609
up €10,609 (+470.8%), from €2,253 to €12,862
of which Taxes: +€10,381
- Other debts -€7,945
down €7,945 (-36.0%), from €22,098 to €14,153
- Gross operating margin +€32,058
up €32,058 (+29.3%), from €109,598 to €141,656
- Taxes +€9,762
up €9,762 (+142.4%), from €6,855 to €16,618
- Staff costs +€8,487
up €8,487 (+16.9%), from €50,270 to €58,757
- Other operating charges +€3,294
up €3,294 (+115.7%), from €2,847 to €6,141
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 | €505,742 | €508,228 | +€2,486 | +0.5% |
| Fixed assets | 21/28 | €468,438 | €454,059 | -€14,379 | -3.1% |
| Tangible fixed assets | 22/27 | €468,438 | €454,059 | -€14,379 | -3.1% |
| Land and buildings | 22 | €429,855 | €420,121 | -€9,734 | -2.3% |
| Plant, machinery and equipment | 23 | €29,462 | €28,054 | -€1,407 | -4.8% |
| Furniture and vehicles | 24 | €9,121 | €5,884 | -€3,237 | -35.5% |
| Current assets | 29/58 | €37,304 | €54,169 | +€16,864 | +45.2% |
| Stocks and contracts in progress | 3 | €1,555 | €881 | -€674 | -43.4% |
| Stocks | 30/36 | €1,555 | €881 | -€674 | -43.4% |
| Amounts receivable within one year | 40/41 | €7,483 | €103 | -€7,380 | -98.6% |
| Trade receivables | 40 | €6,403 | €13 | -€6,390 | -99.8% |
| Other amounts receivable | 41 | €1,081 | €90 | -€991 | -91.7% |
| Cash at bank and in hand | 54/58 | €28,250 | €53,185 | +€24,936 | +88.3% |
| Deferred charges and accrued income | 490/1 | €16 | €0 | -€16 | -100.0% |
| Total equity and liabilities | 10/49 | €505,742 | €508,228 | +€2,486 | +0.5% |
| Equity | 10/15 | €104,600 | €137,486 | +€32,886 | +31.4% |
| Contributions | 10/11 | €12,600 | €12,600 | = | 0.0% |
| Reserves | 13 | €88,370 | €121,256 | +€32,886 | +37.2% |
| Distributable reserves | 133 | €88,370 | €121,256 | +€32,886 | +37.2% |
| Profit (loss) carried forward | 14 | €3,631 | €3,631 | +€0 | 0.0% |
| Amounts payable | 17/49 | €401,142 | €370,742 | -€30,400 | -7.6% |
| Amounts payable after more than one year | 17 | €299,869 | €264,591 | -€35,278 | -11.8% |
| Financial debts | 170/4 | €299,869 | €264,591 | -€35,278 | -11.8% |
| Amounts payable within one year | 42/48 | €75,445 | €78,987 | +€3,542 | +4.7% |
| Current portion of amounts payable after more than one year | 42 | €35,455 | €33,122 | -€2,334 | -6.6% |
| Trade debts | 44 | €15,638 | €18,851 | +€3,212 | +20.5% |
| Suppliers | 440/4 | €15,638 | €18,851 | +€3,212 | +20.5% |
| Taxes, remuneration and social security | 45 | €2,253 | €12,862 | +€10,609 | +470.8% |
| Taxes | 450/3 | €1,569 | €11,950 | +€10,381 | +661.8% |
| Remuneration and social security | 454/9 | €685 | €912 | +€228 | +33.2% |
| Other amounts payable | 47/48 | €22,098 | €14,153 | -€7,945 | -36.0% |
| Accrued charges and deferred income | 492/3 | €25,828 | €27,163 | +€1,335 | +5.2% |
| Non-recurring operating income | 76A | - | €41 | +€41 | |
| Remuneration, social security and pensions | 62 | €50,270 | €58,757 | +€8,487 | +16.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,899 | €24,328 | -€571 | -2.3% |
| Other operating charges | 640/8 | €2,847 | €6,141 | +€3,294 | +115.7% |
| Gross operating margin | 9900 | €109,598 | €141,656 | +€32,058 | +29.3% |
| Operating profit (loss) | 9901 | €31,583 | €52,430 | +€20,847 | +66.0% |
| Financial income | 75/76B | €539 | €130 | -€409 | -75.9% |
| Recurring financial income | 75 | €539 | €130 | -€409 | -75.9% |
| Financial charges | 65/66B | €8,353 | €7,849 | -€503 | -6.0% |
| Recurring financial charges | 65 | €8,268 | €7,849 | -€418 | -5.1% |
| Non-recurring financial charges | 66B | €85 | €0 | -€85 | -100.0% |
| Profit (loss) for the period before taxes | 9903 | €23,769 | €44,710 | +€20,942 | +88.1% |
| Income taxes | 67/77 | €6,855 | €16,618 | +€9,762 | +142.4% |
| Profit (loss) for the period | 9904 | €16,913 | €28,092 | +€11,179 | +66.1% |
| Profit (loss) for the period to be appropriated | 9905 | €16,913 | €28,092 | +€11,179 | +66.1% |
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 5 October 2026 via checked.be.