KBU CONSULT: 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.
KBU CONSULT
Largest movements
- Receivables within one year +€39,762
up €39,762 (+1763.3%), from €2,255 to €42,017
of which Trade receivables: +€39,767
- Reserves +€38,939
up €38,939 (+35.5%), from €109,693 to €148,631
- Gross operating margin -€6,704
down €6,704 (-11.4%), from €58,963 to €52,259
- Taxes -€2,759
down €2,759 (-19.5%), from €14,181 to €11,421
- Other operating charges -€2,123
down €2,123 (-73.9%), from €2,873 to €750
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 | €134,903 | €176,789 | +€41,886 | +31.0% |
| Fixed assets | 21/28 | €348 | €400 | +€53 | +15.2% |
| Tangible fixed assets | 22/27 | €348 | €400 | +€53 | +15.2% |
| Plant, machinery and equipment | 23 | €348 | €400 | +€53 | +15.2% |
| Current assets | 29/58 | €134,555 | €176,389 | +€41,834 | +31.1% |
| Amounts receivable within one year | 40/41 | €2,255 | €42,017 | +€39,762 | +1763.3% |
| Trade receivables | 40 | €2,251 | €42,017 | +€39,767 | +1766.9% |
| Other amounts receivable | 41 | €4 | - | -€4 | |
| Cash at bank and in hand | 54/58 | €131,527 | €133,177 | +€1,650 | +1.3% |
| Deferred charges and accrued income | 490/1 | €774 | €1,195 | +€421 | +54.4% |
| Total equity and liabilities | 10/49 | €134,903 | €176,789 | +€41,886 | +31.0% |
| Equity | 10/15 | €111,693 | €150,631 | +€38,939 | +34.9% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €109,693 | €148,631 | +€38,939 | +35.5% |
| Distributable reserves | 133 | €109,693 | €148,631 | +€38,939 | +35.5% |
| Amounts payable | 17/49 | €23,210 | €26,158 | +€2,948 | +12.7% |
| Amounts payable within one year | 42/48 | €23,210 | €26,158 | +€2,948 | +12.7% |
| Trade debts | 44 | €979 | €1,136 | +€157 | +16.0% |
| Suppliers | 440/4 | €979 | €1,136 | +€157 | +16.0% |
| Taxes, remuneration and social security | 45 | €21,456 | €22,480 | +€1,024 | +4.8% |
| Taxes | 450/3 | €21,456 | €22,480 | +€1,024 | +4.8% |
| Other amounts payable | 47/48 | €775 | €2,542 | +€1,766 | +227.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €280 | €430 | +€151 | +53.9% |
| Other operating charges | 640/8 | €2,873 | €750 | -€2,123 | -73.9% |
| Gross operating margin | 9900 | €58,963 | €52,259 | -€6,704 | -11.4% |
| Operating profit (loss) | 9901 | €55,810 | €51,079 | -€4,731 | -8.5% |
| Financial income | 75/76B | €2 | - | -€2 | |
| Recurring financial income | 75 | €2 | - | -€2 | |
| Financial charges | 65/66B | €823 | €719 | -€103 | -12.6% |
| Recurring financial charges | 65 | €823 | €719 | -€103 | -12.6% |
| Profit (loss) for the period before taxes | 9903 | €54,989 | €50,360 | -€4,629 | -8.4% |
| Income taxes | 67/77 | €14,181 | €11,421 | -€2,759 | -19.5% |
| Profit (loss) for the period | 9904 | €40,808 | €38,939 | -€1,870 | -4.6% |
| Profit (loss) for the period to be appropriated | 9905 | €40,808 | €38,939 | -€1,870 | -4.6% |
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 9 October 2026 via checked.be.