KCR: what changed
Two fiscal 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.
KCR
Largest movements
- Receivables within one year +€24,225
up €24,225 (+50.8%), from €47,710 to €71,934
of which Trade receivables: +€26,303
- Cash -€17,028
down €17,028 (-33.1%), from €51,504 to €34,476
mainly Receivables within one year (-€24,225) and Contributions, distributions and other (-€4,000)
- Tangible fixed assets -€2,329
no longer reported in 2025 (was €2,329)
- Deferred charges and accrued income +€1,243
up €1,243 (+24.6%), from €5,049 to €6,292
- Trade debts +€2,638
up €2,638 (+60.9%), from €4,331 to €6,969
- Profit (loss) carried forward +€2,482
up €2,482 (+3.6%), from €68,606 to €71,088
- Gross operating margin -€1,221
down €1,221 (-9.6%), from €12,726 to €11,506
- Depreciation -€1,164
no longer reported in 2025 (was €1,164)
- Other operating charges +€230
up €230 (+9.4%), from €2,444 to €2,675
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.
Cash bridge derived
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 | €106,591 | €112,702 | +€6,111 | +5.7% |
| Fixed assets | 21/28 | €2,329 | - | -€2,329 | |
| Tangible fixed assets | 22/27 | €2,329 | - | -€2,329 | |
| Furniture and vehicles | 24 | €2,329 | - | -€2,329 | |
| Current assets | 29/58 | €104,262 | €112,702 | +€8,440 | +8.1% |
| Amounts receivable within one year | 40/41 | €47,710 | €71,934 | +€24,225 | +50.8% |
| Trade receivables | 40 | €45,631 | €71,934 | +€26,303 | +57.6% |
| Other amounts receivable | 41 | €2,079 | - | -€2,079 | |
| Cash at bank and in hand | 54/58 | €51,504 | €34,476 | -€17,028 | -33.1% |
| Deferred charges and accrued income | 490/1 | €5,049 | €6,292 | +€1,243 | +24.6% |
| Total equity and liabilities | 10/49 | €106,591 | €112,702 | +€6,111 | +5.7% |
| Equity | 10/15 | €76,666 | €79,148 | +€2,482 | +3.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €68,606 | €71,088 | +€2,482 | +3.6% |
| Amounts payable | 17/49 | €29,925 | €33,554 | +€3,629 | +12.1% |
| Amounts payable within one year | 42/48 | €28,990 | €32,596 | +€3,605 | +12.4% |
| Trade debts | 44 | €4,331 | €6,969 | +€2,638 | +60.9% |
| Suppliers | 440/4 | €4,331 | €6,969 | +€2,638 | +60.9% |
| Taxes, remuneration and social security | 45 | €2,281 | €2,313 | +€32 | +1.4% |
| Taxes | 450/3 | €2,281 | €2,313 | +€32 | +1.4% |
| Other amounts payable | 47/48 | €22,379 | €23,313 | +€935 | +4.2% |
| Accrued charges and deferred income | 492/3 | €935 | €958 | +€24 | +2.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,164 | - | -€1,164 | |
| Other operating charges | 640/8 | €2,444 | €2,675 | +€230 | +9.4% |
| Gross operating margin | 9900 | €12,726 | €11,506 | -€1,221 | -9.6% |
| Operating profit (loss) | 9901 | €9,118 | €8,831 | -€286 | -3.1% |
| Financial income | 75/76B | €0 | €0 | -€0 | -83.3% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -83.3% |
| Financial charges | 65/66B | €1,432 | €1,419 | -€12 | -0.9% |
| Recurring financial charges | 65 | €1,432 | €1,419 | -€12 | -0.9% |
| Profit (loss) for the period before taxes | 9903 | €7,686 | €7,412 | -€274 | -3.6% |
| Income taxes | 67/77 | €921 | €930 | +€8 | +0.9% |
| Profit (loss) for the period | 9904 | €6,764 | €6,482 | -€282 | -4.2% |
| Profit (loss) for the period to be appropriated | 9905 | €6,764 | €6,482 | -€282 | -4.2% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.