KC3D: 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.
KC3D
Largest movements
- Current investments +€100,000
up €100,000 (+59.0%), from €169,604 to €269,604
- Cash -€84,763
down €84,763 (-66.1%), from €128,309 to €43,546
mainly Current investments (-€100,000) and Debts after one year (-€60,105)
- Tangible fixed assets -€47,966
down €47,966 (-13.2%), from €363,541 to €315,576
of which Land and buildings: -€42,923
- Receivables within one year -€8,856
down €8,856 (-28.4%), from €31,217 to €22,360
of which Trade receivables: -€13,088
- Debts after one year -€60,105
down €60,105 (-15.6%), from €384,583 to €324,478
- Reserves +€57,140
up €57,140, from €0 to €57,140
of which Distributable reserves: +€57,140
- Other debts +€37,854
new in 2025: €37,854
- Profit (loss) carried forward -€33,854
down €33,854 (-18.8%), from €179,897 to €146,043
- Tax, wage and social debts -€26,709
down €26,709 (-86.8%), from €30,771 to €4,062
- Gross operating margin -€32,032
down €32,032 (-17.0%), from €188,721 to €156,688
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 | €696,565 | €653,889 | -€42,676 | -6.1% |
| Fixed assets | 21/28 | €364,041 | €316,076 | -€47,966 | -13.2% |
| Tangible fixed assets | 22/27 | €363,541 | €315,576 | -€47,966 | -13.2% |
| Land and buildings | 22 | €350,232 | €307,308 | -€42,923 | -12.3% |
| Furniture and vehicles | 24 | €13,310 | €8,267 | -€5,043 | -37.9% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €332,524 | €337,814 | +€5,290 | +1.6% |
| Stocks and contracts in progress | 3 | €2,466 | €1,595 | -€871 | -35.3% |
| Stocks | 30/36 | €2,466 | €1,595 | -€871 | -35.3% |
| Amounts receivable within one year | 40/41 | €31,217 | €22,360 | -€8,856 | -28.4% |
| Trade receivables | 40 | €13,164 | €77 | -€13,088 | -99.4% |
| Other amounts receivable | 41 | €18,052 | €22,284 | +€4,232 | +23.4% |
| Current investments | 50/53 | €169,604 | €269,604 | +€100,000 | +59.0% |
| Cash at bank and in hand | 54/58 | €128,309 | €43,546 | -€84,763 | -66.1% |
| Deferred charges and accrued income | 490/1 | €928 | €708 | -€220 | -23.7% |
| Total equity and liabilities | 10/49 | €696,565 | €653,889 | -€42,676 | -6.1% |
| Equity | 10/15 | €200,357 | €221,783 | +€21,426 | +10.7% |
| Contributions | 10/11 | €20,460 | €18,600 | -€1,860 | -9.1% |
| Reserves | 13 | €0 | €57,140 | +€57,140 | |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | - | €57,140 | +€57,140 | |
| Profit (loss) carried forward | 14 | €179,897 | €146,043 | -€33,854 | -18.8% |
| Amounts payable | 17/49 | €496,208 | €432,106 | -€64,102 | -12.9% |
| Amounts payable after more than one year | 17 | €384,583 | €324,478 | -€60,105 | -15.6% |
| Financial debts | 170/4 | €384,583 | €324,478 | -€60,105 | -15.6% |
| Amounts payable within one year | 42/48 | €110,810 | €106,917 | -€3,893 | -3.5% |
| Current portion of amounts payable after more than one year | 42 | €70,250 | €64,945 | -€5,305 | -7.6% |
| Trade debts | 44 | €9,789 | €56 | -€9,733 | -99.4% |
| Suppliers | 440/4 | €9,789 | €56 | -€9,733 | -99.4% |
| Taxes, remuneration and social security | 45 | €30,771 | €4,062 | -€26,709 | -86.8% |
| Taxes | 450/3 | €30,771 | €4,062 | -€26,709 | -86.8% |
| Other amounts payable | 47/48 | - | €37,854 | +€37,854 | |
| Accrued charges and deferred income | 492/3 | €814 | €711 | -€104 | -12.7% |
| Non-recurring operating income | 76A | €15,779 | €0 | -€15,779 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,069 | €49,406 | +€337 | +0.7% |
| Other operating charges | 640/8 | €10,241 | €10,261 | +€20 | +0.2% |
| Gross operating margin | 9900 | €188,721 | €156,688 | -€32,032 | -17.0% |
| Operating profit (loss) | 9901 | €129,410 | €97,022 | -€32,389 | -25.0% |
| Financial income | 75/76B | €1,007 | €1,093 | +€86 | +8.6% |
| Recurring financial income | 75 | €1,007 | €1,093 | +€86 | +8.6% |
| Financial charges | 65/66B | €10,788 | €9,590 | -€1,198 | -11.1% |
| Recurring financial charges | 65 | €10,788 | €9,590 | -€1,198 | -11.1% |
| Profit (loss) for the period before taxes | 9903 | €119,629 | €88,525 | -€31,104 | -26.0% |
| Income taxes | 67/77 | €30,851 | €31,385 | +€533 | +1.7% |
| Profit (loss) for the period | 9904 | €88,778 | €57,140 | -€31,638 | -35.6% |
| Profit (loss) for the period to be appropriated | 9905 | €88,778 | €57,140 | -€31,638 | -35.6% |
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 12 October 2026 via checked.be.