KBO Group: 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.
KBO Group
Largest movements
- Tangible fixed assets -€26,824
down €26,824 (-7.9%), from €338,834 to €312,010
of which Land and buildings: -€15,115
- Cash -€8,848
down €8,848 (-18.1%), from €49,007 to €40,160
mainly Debts after one year (-€168,066) and Contributions, distributions and other (-€10,695)
- Receivables within one year -€6,050
down €6,050 (-17.5%), from €34,564 to €28,514
of which Other amounts receivable: -€19,964
- Debts after one year -€168,066
down €168,066 (-52.1%), from €322,581 to €154,515
- Current portion of long-term debt +€150,592
up €150,592 (+862%), from €17,474 to €168,066
- Reserves -€10,695
down €10,695 (-14.1%), from €75,716 to €65,021
- Other debts -€8,489
down €8,489 (-52.2%), from €16,249 to €7,760
- Profit (loss) carried forward -€6,702
down €6,702, from €0 to -€6,702
- Depreciation +€9,135
up €9,135 (+51.6%), from €17,689 to €26,824
- Gross operating margin -€4,822
down €4,822 (-14.1%), from €34,315 to €29,493
- Financial charges +€2,422
up €2,422 (+40.9%), from €5,927 to €8,349
- Taxes -€1,445
down €1,445 (-100%), from €1,445 to €0
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €438,081 | €397,250 | -€40,831 | -9.3% |
| Fixed assets | 21/28 | €338,834 | €312,010 | -€26,824 | -7.9% |
| Tangible fixed assets | 22/27 | €338,834 | €312,010 | -€26,824 | -7.9% |
| Land and buildings | 22 | €317,280 | €302,165 | -€15,115 | -4.8% |
| Plant, machinery and equipment | 23 | €7,834 | €3,292 | -€4,543 | -58.0% |
| Furniture and vehicles | 24 | €6,735 | €569 | -€6,166 | -91.6% |
| Other tangible fixed assets | 26 | €6,984 | €5,984 | -€1,000 | -14.3% |
| Current assets | 29/58 | €99,248 | €85,240 | -€14,007 | -14.1% |
| Stocks and contracts in progress | 3 | €12,000 | €12,500 | +€500 | +4.2% |
| Stocks | 30/36 | €12,000 | €12,500 | +€500 | +4.2% |
| Amounts receivable within one year | 40/41 | €34,564 | €28,514 | -€6,050 | -17.5% |
| Trade receivables | 40 | €12,100 | €26,014 | +€13,914 | +115% |
| Other amounts receivable | 41 | €22,464 | €2,500 | -€19,964 | -88.9% |
| Cash at bank and in hand | 54/58 | €49,007 | €40,160 | -€8,848 | -18.1% |
| Deferred charges and accrued income | 490/1 | €3,676 | €4,067 | +€391 | +10.6% |
| Total equity and liabilities | 10/49 | €438,081 | €397,250 | -€40,831 | -9.3% |
| Equity | 10/15 | €80,716 | €63,319 | -€17,397 | -21.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €75,716 | €65,021 | -€10,695 | -14.1% |
| Distributable reserves | 133 | €75,716 | €65,021 | -€10,695 | -14.1% |
| Profit (loss) carried forward | 14 | €0 | -€6,702 | -€6,702 | |
| Amounts payable | 17/49 | €357,365 | €333,931 | -€23,434 | -6.6% |
| Amounts payable after more than one year | 17 | €322,581 | €154,515 | -€168,066 | -52.1% |
| Financial debts | 170/4 | €322,581 | €154,515 | -€168,066 | -52.1% |
| Amounts payable within one year | 42/48 | €34,107 | €178,750 | +€144,643 | +424% |
| Current portion of amounts payable after more than one year | 42 | €17,474 | €168,066 | +€150,592 | +862% |
| Trade debts | 44 | €186 | €1,511 | +€1,325 | +714% |
| Suppliers | 440/4 | €186 | €1,511 | +€1,325 | +714% |
| Taxes, remuneration and social security | 45 | €198 | €1,414 | +€1,216 | +614% |
| Taxes | 450/3 | €198 | €1,414 | +€1,216 | +614% |
| Other amounts payable | 47/48 | €16,249 | €7,760 | -€8,489 | -52.2% |
| Accrued charges and deferred income | 492/3 | €677 | €666 | -€11 | -1.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,689 | €26,824 | +€9,135 | +51.6% |
| Other operating charges | 640/8 | €1,356 | €1,036 | -€320 | -23.6% |
| Gross operating margin | 9900 | €34,315 | €29,493 | -€4,822 | -14.1% |
| Operating profit (loss) | 9901 | €15,271 | €1,633 | -€13,638 | -89.3% |
| Financial income | 75/76B | €24 | €14 | -€10 | -42.3% |
| Recurring financial income | 75 | €24 | €14 | -€10 | -42.3% |
| Financial charges | 65/66B | €5,927 | €8,349 | +€2,422 | +40.9% |
| Recurring financial charges | 65 | €5,927 | €8,349 | +€2,422 | +40.9% |
| Profit (loss) for the period before taxes | 9903 | €9,368 | -€6,702 | -€16,070 | |
| Income taxes | 67/77 | €1,445 | €0 | -€1,445 | -100% |
| Profit (loss) for the period | 9904 | €7,924 | -€6,702 | -€14,626 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,924 | -€6,702 | -€14,626 |
Source: filed annual accounts (NBB), financial years ended 30 June 2025 and 30 June 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.