KCC: 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.
KCC
Largest movements
- Cash +€282,790
up €282,790 (+344%), from €82,096 to €364,886
mainly Net result for the year (+€339,623) and Deferred charges and accrued income (+€187,127)
- Receivables within one year +€223,263
up €223,263 (+3.5%), from €6.4m to €6.6m
of which Other amounts receivable: +€543,763
- Deferred charges and accrued income -€187,127
down €187,127 (-90.3%), from €207,182 to €20,055
- Tangible fixed assets -€72,238
down €72,238 (-65.5%), from €110,350 to €38,112
of which Leasing and similar rights: -€55,420
- Reserves +€339,623
up €339,623 (+10.4%), from €3.3m to €3.6m
- Trade debts -€177,294
down €177,294 (-16.2%), from €1.1m to €917,850
- Other debts +€94,180
up €94,180 (+7.6%), from €1.2m to €1.3m
- Gross operating margin +€434,068
up €434,068 (+52.3%), from €829,888 to €1.3m
- Financial charges -€24,898
down €24,898 (-38.2%), from €65,206 to €40,308
- Other operating charges -€19,919
down €19,919 (-61.1%), from €32,587 to €12,668
- Depreciation -€15,982
down €15,982 (-17.7%), from €90,053 to €74,072
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 | €6,768,714 | €7,018,367 | +€249,653 | +3.7% |
| Fixed assets | 21/28 | €110,653 | €41,380 | -€69,273 | -62.6% |
| Intangible fixed assets | 21 | - | €3,163 | +€3,163 | |
| Tangible fixed assets | 22/27 | €110,350 | €38,112 | -€72,238 | -65.5% |
| Furniture and vehicles | 24 | €47,051 | €32,077 | -€14,974 | -31.8% |
| Leasing and similar rights | 25 | €59,612 | €4,192 | -€55,420 | -93.0% |
| Other tangible fixed assets | 26 | €3,687 | €1,844 | -€1,843 | -50.0% |
| Financial fixed assets | 28 | €303 | €105 | -€198 | -65.3% |
| Current assets | 29/58 | €6,658,060 | €6,976,987 | +€318,927 | +4.8% |
| Amounts receivable within one year | 40/41 | €6,368,783 | €6,592,046 | +€223,263 | +3.5% |
| Trade receivables | 40 | €5,211,680 | €4,891,181 | -€320,500 | -6.1% |
| Other amounts receivable | 41 | €1,157,103 | €1,700,866 | +€543,763 | +47.0% |
| Cash at bank and in hand | 54/58 | €82,096 | €364,886 | +€282,790 | +344% |
| Deferred charges and accrued income | 490/1 | €207,182 | €20,055 | -€187,127 | -90.3% |
| Total equity and liabilities | 10/49 | €6,768,714 | €7,018,367 | +€249,653 | +3.7% |
| Equity | 10/15 | €3,292,486 | €3,632,109 | +€339,623 | +10.3% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €3,273,894 | €3,613,517 | +€339,623 | +10.4% |
| Distributable reserves | 133 | €3,273,894 | €3,613,517 | +€339,623 | +10.4% |
| Amounts payable | 17/49 | €3,476,228 | €3,386,258 | -€89,970 | -2.6% |
| Amounts payable after more than one year | 17 | €2,383 | €0 | -€2,383 | -100% |
| Financial debts | 170/4 | €2,383 | €0 | -€2,383 | -100% |
| Amounts payable within one year | 42/48 | €3,473,700 | €3,384,976 | -€88,724 | -2.6% |
| Current portion of amounts payable after more than one year | 42 | €51,666 | €2,383 | -€49,283 | -95.4% |
| Financial debts | 43 | €1,006,388 | €1,000,000 | -€6,388 | -0.6% |
| Credit institutions | 430/8 | €1,006,388 | €1,000,000 | -€6,388 | -0.6% |
| Trade debts | 44 | €1,095,144 | €917,850 | -€177,294 | -16.2% |
| Suppliers | 440/4 | €1,095,144 | €917,850 | -€177,294 | -16.2% |
| Taxes, remuneration and social security | 45 | €88,256 | €138,318 | +€50,061 | +56.7% |
| Taxes | 450/3 | €5,248 | €23,508 | +€18,259 | +348% |
| Remuneration and social security | 454/9 | €83,008 | €114,810 | +€31,802 | +38.3% |
| Other amounts payable | 47/48 | €1,232,245 | €1,326,425 | +€94,180 | +7.6% |
| Accrued charges and deferred income | 492/3 | €145 | €1,282 | +€1,137 | +786% |
| Remuneration, social security and pensions | 62 | €795,310 | €795,675 | +€365 | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €90,053 | €74,072 | -€15,982 | -17.7% |
| Other operating charges | 640/8 | €32,587 | €12,668 | -€19,919 | -61.1% |
| Gross operating margin | 9900 | €829,888 | €1,263,955 | +€434,068 | +52.3% |
| Operating profit (loss) | 9901 | -€88,063 | €381,541 | +€469,604 | |
| Financial income | 75/76B | €1,060 | €0 | -€1,060 | -100% |
| Recurring financial income | 75 | €1,060 | €0 | -€1,060 | -100% |
| Financial charges | 65/66B | €65,206 | €40,308 | -€24,898 | -38.2% |
| Recurring financial charges | 65 | €65,206 | €40,308 | -€24,898 | -38.2% |
| Profit (loss) for the period before taxes | 9903 | -€152,209 | €341,233 | +€493,441 | |
| Income taxes | 67/77 | €6,167 | €1,609 | -€4,557 | -73.9% |
| Profit (loss) for the period | 9904 | -€158,375 | €339,623 | +€497,998 | |
| Profit (loss) for the period to be appropriated | 9905 | -€158,375 | €339,623 | +€497,998 |
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 17 October 2026 via checked.be.