KCP CONNEXION: what changed
KCP CONNEXION
Largest movements
- Receivables within one year +€559,079
up €559,079 (+1,037%), from €53,924 to €613,003
of which Trade receivables: +€491,778
- Deferred charges and accrued income +€72,804
new in 2025: €72,804
- Cash -€70,726
down €70,726 (-74.8%), from €94,544 to €23,818
mainly Receivables within one year (-€559,079) and Net result for the year (-€172,117)
- Tangible fixed assets +€53,222
new in 2025: €53,222
- Intangible fixed assets +€28,500
new in 2025: €28,500
- Trade debts +€425,861
up €425,861 (+947%), from €44,961 to €470,822
- Other debts +€223,759
up €223,759 (+9,479%), from €2,361 to €226,119
- Profit (loss) carried forward -€172,117
down €172,117 (-466%), from -€36,911 to -€209,029
- Tax, wage and social debts +€126,262
up €126,262 (+1,122%), from €11,252 to €137,514
of which Remuneration and social security: +€70,815
- Accrued charges and deferred income +€41,450
new in 2025: €41,450
- Staff costs +€380,459
up €380,459 (+266%), from €142,934 to €523,393
- Gross operating margin +€120,481
up €120,481 (+48.9%), from €246,568 to €367,049
- Depreciation +€12,722
new in 2025: €12,722
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €148,715 | €793,930 | +€645,215 | +434% |
| Fixed assets | 21/28 | €247 | €81,722 | +€81,475 | +33,049% |
| Intangible fixed assets | 21 | - | €28,500 | +€28,500 | |
| Tangible fixed assets | 22/27 | - | €53,222 | +€53,222 | |
| Furniture and vehicles | 24 | - | €53,222 | +€53,222 | |
| Financial fixed assets | 28 | €247 | - | -€247 | |
| Current assets | 29/58 | €148,468 | €712,208 | +€563,740 | +380% |
| Amounts receivable within one year | 40/41 | €53,924 | €613,003 | +€559,079 | +1,037% |
| Trade receivables | 40 | €48,252 | €540,030 | +€491,778 | +1,019% |
| Other amounts receivable | 41 | €5,672 | €72,973 | +€67,301 | +1,187% |
| Current investments | 50/53 | - | €2,582 | +€2,582 | |
| Cash at bank and in hand | 54/58 | €94,544 | €23,818 | -€70,726 | -74.8% |
| Deferred charges and accrued income | 490/1 | - | €72,804 | +€72,804 | |
| Total equity and liabilities | 10/49 | €148,715 | €793,930 | +€645,215 | +434% |
| Equity | 10/15 | €90,142 | -€81,976 | -€172,117 | |
| Contributions | 10/11 | €88,230 | €88,230 | = | 0.0% |
| Capital | 10 | €88,230 | €88,230 | = | 0.0% |
| Issued capital | 100 | €88,230 | €88,230 | = | 0.0% |
| Reserves | 13 | €38,823 | €38,823 | = | 0.0% |
| Non-distributable reserves | 130/1 | €8,823 | €8,823 | = | 0.0% |
| Legal reserve | 130 | €8,823 | €8,823 | = | 0.0% |
| Distributable reserves | 133 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€36,911 | -€209,029 | -€172,117 | -466% |
| Amounts payable | 17/49 | €58,573 | €875,905 | +€817,332 | +1,395% |
| Amounts payable within one year | 42/48 | €58,573 | €834,455 | +€775,882 | +1,325% |
| Trade debts | 44 | €44,961 | €470,822 | +€425,861 | +947% |
| Suppliers | 440/4 | €44,961 | €470,822 | +€425,861 | +947% |
| Taxes, remuneration and social security | 45 | €11,252 | €137,514 | +€126,262 | +1,122% |
| Taxes | 450/3 | - | €55,447 | +€55,447 | |
| Remuneration and social security | 454/9 | €11,252 | €82,067 | +€70,815 | +629% |
| Other amounts payable | 47/48 | €2,361 | €226,119 | +€223,759 | +9,479% |
| Accrued charges and deferred income | 492/3 | - | €41,450 | +€41,450 | |
| Remuneration, social security and pensions | 62 | €142,934 | €523,393 | +€380,459 | +266% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €12,722 | +€12,722 | |
| Other operating charges | 640/8 | €3,429 | €659 | -€2,770 | -80.8% |
| Gross operating margin | 9900 | €246,568 | €367,049 | +€120,481 | +48.9% |
| Operating profit (loss) | 9901 | €100,205 | -€169,725 | -€269,930 | |
| Financial income | 75/76B | €69 | €67 | -€2 | -2.8% |
| Recurring financial income | 75 | €69 | €67 | -€2 | -2.8% |
| Financial charges | 65/66B | €2,059 | €2,352 | +€293 | +14.2% |
| Recurring financial charges | 65 | €2,059 | €2,352 | +€293 | +14.2% |
| Profit (loss) for the period before taxes | 9903 | €98,214 | -€172,011 | -€270,225 | |
| Income taxes | 67/77 | - | €107 | +€107 | |
| Profit (loss) for the period | 9904 | €98,214 | -€172,117 | -€270,331 | |
| Profit (loss) for the period to be appropriated | 9905 | €98,214 | -€172,117 | -€270,331 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 31 August 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.