KBTS: 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.
KBTS
Largest movements
- Financial fixed assets -€42,196
down €42,196 (-50.0%), from €84,393 to €42,196
- Tangible fixed assets -€12,562
down €12,562 (-25.5%), from €49,329 to €36,767
of which Furniture and vehicles: -€8,459
- Receivables within one year -€7,192
down €7,192 (-89.4%), from €8,047 to €855
of which Trade receivables: -€6,071
- Profit (loss) carried forward -€82,352
down €82,352 (-149.9%), from -€54,943 to -€137,294
- Other debts +€18,901
up €18,901 (+17.3%), from €109,283 to €128,183
- Gross operating margin -€12,957
down €12,957 (-107.0%), from -€12,107 to -€25,065
- Depreciation +€4,689
up €4,689 (+59.6%), from €7,873 to €12,562
- Other operating charges +€1,003
up €1,003 (+408.6%), from €245 to €1,248
- Taxes +€400
up €400 (+177.7%), from €225 to €626
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 | €146,772 | €83,746 | -€63,026 | -42.9% |
| Fixed assets | 21/28 | €133,721 | €78,963 | -€54,758 | -40.9% |
| Tangible fixed assets | 22/27 | €49,329 | €36,767 | -€12,562 | -25.5% |
| Plant, machinery and equipment | 23 | €24,345 | €20,242 | -€4,103 | -16.9% |
| Furniture and vehicles | 24 | €24,983 | €16,525 | -€8,459 | -33.9% |
| Financial fixed assets | 28 | €84,393 | €42,196 | -€42,196 | -50.0% |
| Current assets | 29/58 | €13,051 | €4,782 | -€8,269 | -63.4% |
| Amounts receivable within one year | 40/41 | €8,047 | €855 | -€7,192 | -89.4% |
| Trade receivables | 40 | €6,071 | - | -€6,071 | |
| Other amounts receivable | 41 | €1,976 | €855 | -€1,121 | -56.7% |
| Current investments | 50/53 | €500 | €500 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €3,119 | €2,960 | -€160 | -5.1% |
| Deferred charges and accrued income | 490/1 | €1,385 | €468 | -€917 | -66.2% |
| Total equity and liabilities | 10/49 | €146,772 | €83,746 | -€63,026 | -42.9% |
| Equity | 10/15 | €33,157 | -€49,194 | -€82,352 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €69,500 | €69,500 | = | 0.0% |
| Distributable reserves | 133 | €69,500 | €69,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€54,943 | -€137,294 | -€82,352 | -149.9% |
| Amounts payable | 17/49 | €113,615 | €132,940 | +€19,325 | +17.0% |
| Amounts payable within one year | 42/48 | €113,615 | €132,839 | +€19,224 | +16.9% |
| Trade debts | 44 | €2,907 | €3,804 | +€898 | +30.9% |
| Suppliers | 440/4 | €2,907 | €3,804 | +€898 | +30.9% |
| Taxes, remuneration and social security | 45 | €1,425 | €851 | -€574 | -40.3% |
| Taxes | 450/3 | €1,425 | €851 | -€574 | -40.3% |
| Other amounts payable | 47/48 | €109,283 | €128,183 | +€18,901 | +17.3% |
| Accrued charges and deferred income | 492/3 | - | €101 | +€101 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,873 | €12,562 | +€4,689 | +59.6% |
| Other operating charges | 640/8 | €245 | €1,248 | +€1,003 | +408.6% |
| Gross operating margin | 9900 | -€12,107 | -€25,065 | -€12,957 | -107.0% |
| Operating profit (loss) | 9901 | -€20,226 | -€38,874 | -€18,649 | -92.2% |
| Financial income | 75/76B | €29 | €16 | -€13 | -45.7% |
| Recurring financial income | 75 | €29 | €16 | -€13 | -45.7% |
| Financial charges | 65/66B | €42,951 | €42,867 | -€84 | -0.2% |
| Recurring financial charges | 65 | €755 | €671 | -€84 | -11.1% |
| Non-recurring financial charges | 66B | €42,196 | €42,196 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | -€63,148 | -€81,726 | -€18,578 | -29.4% |
| Income taxes | 67/77 | €225 | €626 | +€400 | +177.7% |
| Profit (loss) for the period | 9904 | -€63,373 | -€82,352 | -€18,978 | -29.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€63,373 | -€82,352 | -€18,978 | -29.9% |
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 10 October 2026 via checked.be.