KCDC ESTATE: 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.
KCDC ESTATE
Largest movements
- Tangible fixed assets -€18,051
down €18,051 (-13.4%), from €135,127 to €117,076
of which Furniture and vehicles: -€12,937
- Cash +€8,119
up €8,119 (+712%), from €1,141 to €9,260
mainly Other debts (+€42,327) and Depreciation (+€18,051)
- Receivables within one year +€5,385
up €5,385 (+33.5%), from €16,062 to €21,447
of which Trade receivables: +€5,678
- Other debts +€42,327
up €42,327 (+47.5%), from €89,104 to €131,431
- Profit (loss) carried forward -€27,085
down €27,085 (-50.0%), from -€54,189 to -€81,274
- Debts after one year -€18,211
down €18,211 (-23.4%), from €77,660 to €59,449
- Trade debts -€3,425
down €3,425 (-98.3%), from €3,483 to €58
- Financial charges -€2,402
down €2,402 (-43.0%), from €5,582 to €3,181
- Financial income +€834
up €834 (+3,448%), from €24 to €858
- Other operating charges -€406
down €406 (-21.4%), from €1,897 to €1,491
- Gross operating margin +€117
up €117 (+2.2%), from -€5,337 to -€5,221
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 | €152,356 | €147,793 | -€4,563 | -3.0% |
| Fixed assets | 21/28 | €135,127 | €117,076 | -€18,051 | -13.4% |
| Tangible fixed assets | 22/27 | €135,127 | €117,076 | -€18,051 | -13.4% |
| Land and buildings | 22 | €112,726 | €107,612 | -€5,114 | -4.5% |
| Furniture and vehicles | 24 | €22,401 | €9,464 | -€12,937 | -57.8% |
| Current assets | 29/58 | €17,229 | €30,717 | +€13,488 | +78.3% |
| Amounts receivable within one year | 40/41 | €16,062 | €21,447 | +€5,385 | +33.5% |
| Trade receivables | 40 | €15,316 | €20,994 | +€5,678 | +37.1% |
| Other amounts receivable | 41 | €747 | €453 | -€294 | -39.3% |
| Cash at bank and in hand | 54/58 | €1,141 | €9,260 | +€8,119 | +712% |
| Deferred charges and accrued income | 490/1 | €26 | €10 | -€16 | -60.9% |
| Total equity and liabilities | 10/49 | €152,356 | €147,793 | -€4,563 | -3.0% |
| Equity | 10/15 | -€34,189 | -€61,274 | -€27,085 | -79.2% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€54,189 | -€81,274 | -€27,085 | -50.0% |
| Amounts payable | 17/49 | €186,544 | €209,066 | +€22,522 | +12.1% |
| Amounts payable after more than one year | 17 | €77,660 | €59,449 | -€18,211 | -23.4% |
| Financial debts | 170/4 | €77,660 | €59,449 | -€18,211 | -23.4% |
| Amounts payable within one year | 42/48 | €108,885 | €149,617 | +€40,733 | +37.4% |
| Current portion of amounts payable after more than one year | 42 | €16,141 | €16,988 | +€847 | +5.2% |
| Trade debts | 44 | €3,483 | €58 | -€3,425 | -98.3% |
| Suppliers | 440/4 | €3,483 | €58 | -€3,425 | -98.3% |
| Taxes, remuneration and social security | 45 | €157 | €1,140 | +€984 | +627% |
| Taxes | 450/3 | €157 | €1,140 | +€984 | +627% |
| Other amounts payable | 47/48 | €89,104 | €131,431 | +€42,327 | +47.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,051 | €18,051 | = | 0.0% |
| Other operating charges | 640/8 | €1,897 | €1,491 | -€406 | -21.4% |
| Gross operating margin | 9900 | -€5,337 | -€5,221 | +€117 | +2.2% |
| Operating profit (loss) | 9901 | -€25,285 | -€24,762 | +€523 | +2.1% |
| Financial income | 75/76B | €24 | €858 | +€834 | +3,448% |
| Recurring financial income | 75 | €24 | €858 | +€834 | +3,448% |
| Financial charges | 65/66B | €5,582 | €3,181 | -€2,402 | -43.0% |
| Recurring financial charges | 65 | €5,582 | €3,181 | -€2,402 | -43.0% |
| Profit (loss) for the period before taxes | 9903 | -€30,843 | -€27,085 | +€3,758 | +12.2% |
| Income taxes | 67/77 | €10 | - | -€10 | |
| Profit (loss) for the period | 9904 | -€30,853 | -€27,085 | +€3,768 | +12.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€30,853 | -€27,085 | +€3,768 | +12.2% |
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 19 October 2026 via checked.be.