KCDV: 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.
KCDV
Largest movements
- Cash +€62,973
up €62,973 (+52.1%), from €120,833 to €183,805
mainly Net result for the year (+€587,154) and Depreciation (+€33,546)
- Receivables within one year +€38,934
up €38,934 (+20.8%), from €187,627 to €226,561
of which Other amounts receivable: +€22,605
- Tangible fixed assets -€27,836
down €27,836 (-17.3%), from €161,330 to €133,494
of which Furniture and vehicles: -€20,716
- Reserves +€527,179
up €527,179 (+95.8%), from €550,025 to €1.1m
- Other debts -€387,711
down €387,711 (-88.4%), from €438,689 to €50,978
- Tax, wage and social debts -€68,187
down €68,187 (-85.6%), from €79,666 to €11,479
- Gross operating margin +€43,473
up €43,473 (+5.7%), from €757,368 to €800,841
- Taxes +€14,527
up €14,527 (+8.0%), from €180,835 to €195,362
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 | €1,182,607 | €1,255,687 | +€73,080 | +6.2% |
| Fixed assets | 21/28 | €161,330 | €133,494 | -€27,836 | -17.3% |
| Tangible fixed assets | 22/27 | €161,330 | €133,494 | -€27,836 | -17.3% |
| Plant, machinery and equipment | 23 | €1,243 | €2,153 | +€909 | +73.1% |
| Furniture and vehicles | 24 | €80,955 | €60,239 | -€20,716 | -25.6% |
| Other tangible fixed assets | 26 | €79,132 | €71,103 | -€8,029 | -10.1% |
| Current assets | 29/58 | €1,021,277 | €1,122,193 | +€100,916 | +9.9% |
| Amounts receivable after more than one year | 29 | €464,000 | €464,000 | = | 0.0% |
| Other amounts receivable | 291 | €464,000 | €464,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €187,627 | €226,561 | +€38,934 | +20.8% |
| Trade receivables | 40 | - | €16,329 | +€16,329 | |
| Other amounts receivable | 41 | €187,627 | €210,232 | +€22,605 | +12.0% |
| Cash at bank and in hand | 54/58 | €120,833 | €183,805 | +€62,973 | +52.1% |
| Deferred charges and accrued income | 490/1 | €248,817 | €247,827 | -€990 | -0.4% |
| Total equity and liabilities | 10/49 | €1,182,607 | €1,255,687 | +€73,080 | +6.2% |
| Equity | 10/15 | €550,145 | €1,077,325 | +€527,179 | +95.8% |
| Contributions | 10/11 | €120 | €120 | = | 0.0% |
| Reserves | 13 | €550,025 | €1,077,205 | +€527,179 | +95.8% |
| Distributable reserves | 133 | €550,025 | €1,077,205 | +€527,179 | +95.8% |
| Amounts payable | 17/49 | €632,462 | €178,363 | -€454,099 | -71.8% |
| Amounts payable within one year | 42/48 | €524,684 | €68,700 | -€455,984 | -86.9% |
| Trade debts | 44 | €6,329 | €6,243 | -€86 | -1.4% |
| Suppliers | 440/4 | €6,329 | €6,243 | -€86 | -1.4% |
| Taxes, remuneration and social security | 45 | €79,666 | €11,479 | -€68,187 | -85.6% |
| Taxes | 450/3 | €79,666 | €11,479 | -€68,187 | -85.6% |
| Other amounts payable | 47/48 | €438,689 | €50,978 | -€387,711 | -88.4% |
| Accrued charges and deferred income | 492/3 | €107,778 | €109,662 | +€1,884 | +1.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,637 | €33,546 | -€2,091 | -5.9% |
| Other operating charges | 640/8 | €4,693 | €2,477 | -€2,215 | -47.2% |
| Gross operating margin | 9900 | €757,368 | €800,841 | +€43,473 | +5.7% |
| Operating profit (loss) | 9901 | €717,038 | €764,818 | +€47,779 | +6.7% |
| Financial income | 75/76B | €14,306 | €18,094 | +€3,787 | +26.5% |
| Recurring financial income | 75 | €14,306 | €18,094 | +€3,787 | +26.5% |
| Financial charges | 65/66B | €485 | €395 | -€90 | -18.5% |
| Recurring financial charges | 65 | €485 | €395 | -€90 | -18.5% |
| Profit (loss) for the period before taxes | 9903 | €730,860 | €782,516 | +€51,656 | +7.1% |
| Income taxes | 67/77 | €180,835 | €195,362 | +€14,527 | +8.0% |
| Profit (loss) for the period | 9904 | €550,025 | €587,154 | +€37,130 | +6.8% |
| Profit (loss) for the period to be appropriated | 9905 | €550,025 | €587,154 | +€37,130 | +6.8% |
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 13 October 2026 via checked.be.