KCT: 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.
KCT
Largest movements
- Receivables after one year -€25,000
down €25,000 (-100.0%), from €25,000 to €0
- Cash -€5,276
down €5,276 (-100.0%), from €5,276 to €0
mainly Contributions, distributions and other (-€124,164) and Receivables within one year (-€4,120)
- Receivables within one year +€4,120
up €4,120 (+15.8%), from €26,020 to €30,140
of which Trade receivables: +€8,360
- Reserves -€64,952
down €64,952 (-52.3%), from €124,164 to €59,213
- Other debts +€33,220
new in 2025: €33,220
- Short-term financial debts +€3,644
new in 2025: €3,644
- Financial income +€4,849
up €4,849 (+32.0%), from €15,151 to €20,000
- Financial charges -€2,632
down €2,632 (-93.5%), from €2,814 to €182
- Gross operating margin +€1,852
up €1,852 (+3.2%), from €57,205 to €59,057
- Taxes +€981
up €981 (+6.3%), from €15,678 to €16,659
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 | €233,889 | €206,138 | -€27,751 | -11.9% |
| Fixed assets | 21/28 | €177,514 | €175,831 | -€1,683 | -0.9% |
| Tangible fixed assets | 22/27 | €5,514 | €3,831 | -€1,683 | -30.5% |
| Plant, machinery and equipment | 23 | €3,311 | €1,904 | -€1,407 | -42.5% |
| Other tangible fixed assets | 26 | €2,203 | €1,927 | -€276 | -12.5% |
| Financial fixed assets | 28 | €172,000 | €172,000 | = | 0.0% |
| Current assets | 29/58 | €56,376 | €30,308 | -€26,068 | -46.2% |
| Amounts receivable after more than one year | 29 | €25,000 | €0 | -€25,000 | -100.0% |
| Other amounts receivable | 291 | €25,000 | €0 | -€25,000 | -100.0% |
| Amounts receivable within one year | 40/41 | €26,020 | €30,140 | +€4,120 | +15.8% |
| Trade receivables | 40 | €21,780 | €30,140 | +€8,360 | +38.4% |
| Other amounts receivable | 41 | €4,240 | €0 | -€4,240 | -100.0% |
| Cash at bank and in hand | 54/58 | €5,276 | €0 | -€5,276 | -100.0% |
| Deferred charges and accrued income | 490/1 | €80 | €168 | +€88 | +110.0% |
| Total equity and liabilities | 10/49 | €233,889 | €206,138 | -€27,751 | -11.9% |
| Equity | 10/15 | €129,164 | €64,213 | -€64,952 | -50.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €124,164 | €59,213 | -€64,952 | -52.3% |
| Distributable reserves | 133 | €124,164 | €59,213 | -€64,952 | -52.3% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €104,725 | €141,926 | +€37,201 | +35.5% |
| Amounts payable after more than one year | 17 | €82,682 | €82,682 | = | 0.0% |
| Financial debts | 170/4 | €82,682 | €82,682 | = | 0.0% |
| Amounts payable within one year | 42/48 | €22,043 | €59,244 | +€37,201 | +168.8% |
| Financial debts | 43 | - | €3,644 | +€3,644 | |
| Credit institutions | 430/8 | - | €3,644 | +€3,644 | |
| Trade debts | 44 | €1,716 | €2,470 | +€755 | +44.0% |
| Suppliers | 440/4 | €1,716 | €2,470 | +€755 | +44.0% |
| Taxes, remuneration and social security | 45 | €20,327 | €19,910 | -€417 | -2.1% |
| Taxes | 450/3 | €20,327 | €19,910 | -€417 | -2.1% |
| Other amounts payable | 47/48 | - | €33,220 | +€33,220 | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,169 | €1,683 | +€514 | +43.9% |
| Other operating charges | 640/8 | €1,146 | €1,321 | +€175 | +15.3% |
| Gross operating margin | 9900 | €57,205 | €59,057 | +€1,852 | +3.2% |
| Operating profit (loss) | 9901 | €54,890 | €56,053 | +€1,163 | +2.1% |
| Financial income | 75/76B | €15,151 | €20,000 | +€4,849 | +32.0% |
| Recurring financial income | 75 | €15,151 | €20,000 | +€4,849 | +32.0% |
| Financial charges | 65/66B | €2,814 | €182 | -€2,632 | -93.5% |
| Recurring financial charges | 65 | €2,814 | €182 | -€2,632 | -93.5% |
| Profit (loss) for the period before taxes | 9903 | €67,227 | €75,871 | +€8,644 | +12.9% |
| Income taxes | 67/77 | €15,678 | €16,659 | +€981 | +6.3% |
| Profit (loss) for the period | 9904 | €51,550 | €59,213 | +€7,663 | +14.9% |
| Profit (loss) for the period to be appropriated | 9905 | €51,550 | €59,213 | +€7,663 | +14.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.