KBOGNAR: 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.
KBOGNAR
Largest movements
- Current investments +€47,000
up €47,000 (+107%), from €44,000 to €91,000
- Receivables within one year +€5,462
up €5,462 (+69.6%), from €7,853 to €13,315
of which Other amounts receivable: +€4,530
- Cash -€5,164
down €5,164 (-18.3%), from €28,230 to €23,066
mainly Current investments (-€47,000) and Receivables within one year (-€5,462)
- Profit (loss) carried forward +€50,553
up €50,553 (+90.4%), from €55,945 to €106,498
- Tax, wage and social debts -€4,152
down €4,152 (-21.9%), from €18,963 to €14,811
- Gross operating margin +€15,246
up €15,246 (+31.4%), from €48,623 to €63,869
- Taxes +€2,954
up €2,954 (+28.2%), from €10,463 to €13,416
- Financial income +€948
up €948 (+158%), from €602 to €1,550
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 | €83,122 | €130,270 | +€47,148 | +56.7% |
| Fixed assets | 21/28 | €3,040 | €2,890 | -€150 | -4.9% |
| Tangible fixed assets | 22/27 | €1,015 | €865 | -€150 | -14.8% |
| Furniture and vehicles | 24 | €1,015 | €865 | -€150 | -14.8% |
| Financial fixed assets | 28 | €2,025 | €2,025 | = | 0.0% |
| Current assets | 29/58 | €80,082 | €127,381 | +€47,298 | +59.1% |
| Amounts receivable within one year | 40/41 | €7,853 | €13,315 | +€5,462 | +69.6% |
| Trade receivables | 40 | €7,853 | €8,785 | +€932 | +11.9% |
| Other amounts receivable | 41 | - | €4,530 | +€4,530 | |
| Current investments | 50/53 | €44,000 | €91,000 | +€47,000 | +107% |
| Cash at bank and in hand | 54/58 | €28,230 | €23,066 | -€5,164 | -18.3% |
| Total equity and liabilities | 10/49 | €83,122 | €130,270 | +€47,148 | +56.7% |
| Equity | 10/15 | €56,945 | €107,498 | +€50,553 | +88.8% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €55,945 | €106,498 | +€50,553 | +90.4% |
| Amounts payable | 17/49 | €26,177 | €22,772 | -€3,404 | -13.0% |
| Amounts payable within one year | 42/48 | €26,177 | €22,772 | -€3,404 | -13.0% |
| Trade debts | 44 | €1,624 | €1,464 | -€159 | -9.8% |
| Suppliers | 440/4 | €1,624 | €1,464 | -€159 | -9.8% |
| Taxes, remuneration and social security | 45 | €18,963 | €14,811 | -€4,152 | -21.9% |
| Taxes | 450/3 | €18,963 | €14,811 | -€4,152 | -21.9% |
| Other amounts payable | 47/48 | €5,590 | €6,497 | +€907 | +16.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35 | €150 | +€115 | +331% |
| Other operating charges | 640/8 | €153 | €66 | -€87 | -57.0% |
| Gross operating margin | 9900 | €48,623 | €63,869 | +€15,246 | +31.4% |
| Operating profit (loss) | 9901 | €48,436 | €63,653 | +€15,218 | +31.4% |
| Financial income | 75/76B | €602 | €1,550 | +€948 | +158% |
| Recurring financial income | 75 | €602 | €1,550 | +€948 | +158% |
| Financial charges | 65/66B | €56 | €401 | +€345 | +615% |
| Recurring financial charges | 65 | €56 | €401 | +€345 | +615% |
| Profit (loss) for the period before taxes | 9903 | €48,981 | €64,802 | +€15,821 | +32.3% |
| Income taxes | 67/77 | €10,463 | €13,416 | +€2,954 | +28.2% |
| Profit (loss) for the period | 9904 | €38,519 | €51,386 | +€12,867 | +33.4% |
| Profit (loss) for the period to be appropriated | 9905 | €38,519 | €51,386 | +€12,867 | +33.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.