KCnT: 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.
KCnT
Largest movements
- Receivables after one year +€250,000
new in 2025: €250,000
- Cash -€222,455
down €222,455 (-76.9%), from €289,095 to €66,641
mainly Receivables after one year (-€250,000) and Investment in fixed assets (net) (-€241,961)
- Tangible fixed assets +€180,802
up €180,802 (+229%), from €79,053 to €259,855
of which Furniture and vehicles: +€177,394
- Deferred charges and accrued income +€51,221
up €51,221 (+1,005%), from €5,098 to €56,319
- Debts after one year +€128,499
up €128,499 (+6,117%), from €2,101 to €130,599
- Reserves +€65,000
up €65,000 (+12.4%), from €525,000 to €590,000
of which Distributable reserves: +€65,000
- Current portion of long-term debt +€35,143
up €35,143 (+295%), from €11,927 to €47,070
- Trade debts +€29,509
up €29,509 (+224%), from €13,202 to €42,711
- Gross operating margin +€61,760
up €61,760 (+15.2%), from €406,689 to €468,449
- Staff costs +€53,899
up €53,899 (+21.4%), from €252,058 to €305,958
- Depreciation +€18,248
up €18,248 (+39.2%), from €46,578 to €64,826
- Taxes -€9,641
down €9,641 (-28.1%), from €34,318 to €24,677
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 | €636,287 | €891,595 | +€255,308 | +40.1% |
| Fixed assets | 21/28 | €120,009 | €297,144 | +€177,135 | +148% |
| Intangible fixed assets | 21 | €40,956 | €37,289 | -€3,667 | -9.0% |
| Tangible fixed assets | 22/27 | €79,053 | €259,855 | +€180,802 | +229% |
| Land and buildings | 22 | €2,909 | €2,559 | -€350 | -12.0% |
| Plant, machinery and equipment | 23 | €19,832 | €13,779 | -€6,053 | -30.5% |
| Furniture and vehicles | 24 | €56,312 | €233,705 | +€177,394 | +315% |
| Other tangible fixed assets | 26 | - | €9,812 | +€9,812 | |
| Current assets | 29/58 | €516,278 | €594,451 | +€78,172 | +15.1% |
| Amounts receivable after more than one year | 29 | - | €250,000 | +€250,000 | |
| Other amounts receivable | 291 | - | €250,000 | +€250,000 | |
| Stocks and contracts in progress | 3 | €17,805 | €17,539 | -€266 | -1.5% |
| Stocks | 30/36 | €17,805 | €17,539 | -€266 | -1.5% |
| Amounts receivable within one year | 40/41 | €204,281 | €203,953 | -€328 | -0.2% |
| Trade receivables | 40 | €194,382 | €154,597 | -€39,785 | -20.5% |
| Other amounts receivable | 41 | €9,899 | €49,356 | +€39,457 | +399% |
| Cash at bank and in hand | 54/58 | €289,095 | €66,641 | -€222,455 | -76.9% |
| Deferred charges and accrued income | 490/1 | €5,098 | €56,319 | +€51,221 | +1,005% |
| Total equity and liabilities | 10/49 | €636,287 | €891,595 | +€255,308 | +40.1% |
| Equity | 10/15 | €570,682 | €638,164 | +€67,483 | +11.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €525,000 | €590,000 | +€65,000 | +12.4% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €523,000 | €588,000 | +€65,000 | +12.4% |
| Profit (loss) carried forward | 14 | €25,682 | €28,164 | +€2,483 | +9.7% |
| Amounts payable | 17/49 | €65,605 | €253,431 | +€187,825 | +286% |
| Amounts payable after more than one year | 17 | €2,101 | €130,599 | +€128,499 | +6,117% |
| Financial debts | 170/4 | €2,101 | €130,599 | +€128,499 | +6,117% |
| Amounts payable within one year | 42/48 | €63,490 | €121,502 | +€58,012 | +91.4% |
| Current portion of amounts payable after more than one year | 42 | €11,927 | €47,070 | +€35,143 | +295% |
| Trade debts | 44 | €13,202 | €42,711 | +€29,509 | +224% |
| Suppliers | 440/4 | €13,202 | €42,711 | +€29,509 | +224% |
| Taxes, remuneration and social security | 45 | €38,360 | €31,720 | -€6,640 | -17.3% |
| Taxes | 450/3 | €16,514 | €555 | -€15,959 | -96.6% |
| Remuneration and social security | 454/9 | €21,847 | €31,166 | +€9,319 | +42.7% |
| Accrued charges and deferred income | 492/3 | €15 | €1,329 | +€1,314 | +8,751% |
| Non-recurring operating income | 76A | - | €134 | +€134 | |
| Remuneration, social security and pensions | 62 | €252,058 | €305,958 | +€53,899 | +21.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,578 | €64,826 | +€18,248 | +39.2% |
| Other operating charges | 640/8 | €560 | €567 | +€7 | +1.2% |
| Non-recurring operating charges | 66A | - | €203 | +€203 | |
| Gross operating margin | 9900 | €406,689 | €468,449 | +€61,760 | +15.2% |
| Operating profit (loss) | 9901 | €107,492 | €96,895 | -€10,597 | -9.9% |
| Financial income | 75/76B | €103 | €124 | +€21 | +20.8% |
| Recurring financial income | 75 | €103 | €124 | +€21 | +20.8% |
| Financial charges | 65/66B | €910 | €4,860 | +€3,950 | +434% |
| Recurring financial charges | 65 | €910 | €4,860 | +€3,950 | +434% |
| Profit (loss) for the period before taxes | 9903 | €106,685 | €92,160 | -€14,525 | -13.6% |
| Income taxes | 67/77 | €34,318 | €24,677 | -€9,641 | -28.1% |
| Profit (loss) for the period | 9904 | €72,367 | €67,483 | -€4,884 | -6.7% |
| Profit (loss) for the period to be appropriated | 9905 | €72,367 | €67,483 | -€4,884 | -6.7% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.