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
- Cash +€147,990
up €147,990 (+940.3%), from €15,739 to €163,729
mainly Investment in fixed assets (net) (+€60,024) and Net result for the year (+€46,741)
- Tangible fixed assets -€66,374
down €66,374 (-70.4%), from €94,344 to €27,971
of which Furniture and vehicles: -€63,824
- Receivables within one year -€23,563
down €23,563 (-97.8%), from €24,094 to €531
of which Other amounts receivable: -€24,094
- Reserves +€46,741
up €46,741 (+99.5%), from €46,998 to €93,739
- Tax, wage and social debts +€12,260
up €12,260 (+77.1%), from €15,901 to €28,161
- Trade debts -€9,774
down €9,774 (-85.5%), from €11,425 to €1,651
- Other debts +€5,439
up €5,439 (+2.1%), from €259,183 to €264,623
- Gross operating margin +€1,459
up €1,459 (+2.1%), from €70,159 to €71,618
- Taxes +€839
up €839 (+5.3%), from €15,901 to €16,740
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 | €338,507 | €393,174 | +€54,666 | +16.1% |
| Fixed assets | 21/28 | €94,345 | €27,972 | -€66,374 | -70.4% |
| Intangible fixed assets | 21 | €1 | €1 | -€0 | -10.4% |
| Tangible fixed assets | 22/27 | €94,344 | €27,971 | -€66,374 | -70.4% |
| Plant, machinery and equipment | 23 | €16,924 | €14,374 | -€2,550 | -15.1% |
| Furniture and vehicles | 24 | €77,420 | €13,597 | -€63,824 | -82.4% |
| Current assets | 29/58 | €244,162 | €365,202 | +€121,040 | +49.6% |
| Stocks and contracts in progress | 3 | €202,620 | €200,942 | -€1,678 | -0.8% |
| Stocks | 30/36 | €202,620 | €200,942 | -€1,678 | -0.8% |
| Amounts receivable within one year | 40/41 | €24,094 | €531 | -€23,563 | -97.8% |
| Trade receivables | 40 | - | €531 | +€531 | |
| Other amounts receivable | 41 | €24,094 | €0 | -€24,094 | -100.0% |
| Cash at bank and in hand | 54/58 | €15,739 | €163,729 | +€147,990 | +940.3% |
| Deferred charges and accrued income | 490/1 | €1,709 | €0 | -€1,709 | -100.0% |
| Total equity and liabilities | 10/49 | €338,507 | €393,174 | +€54,666 | +16.1% |
| Equity | 10/15 | €51,998 | €98,739 | +€46,741 | +89.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €46,998 | €93,739 | +€46,741 | +99.5% |
| Distributable reserves | 133 | €46,998 | €93,739 | +€46,741 | +99.5% |
| Amounts payable | 17/49 | €286,509 | €294,435 | +€7,925 | +2.8% |
| Amounts payable within one year | 42/48 | €286,509 | €294,435 | +€7,925 | +2.8% |
| Trade debts | 44 | €11,425 | €1,651 | -€9,774 | -85.5% |
| Suppliers | 440/4 | €11,425 | €1,651 | -€9,774 | -85.5% |
| Taxes, remuneration and social security | 45 | €15,901 | €28,161 | +€12,260 | +77.1% |
| Taxes | 450/3 | €15,901 | €28,161 | +€12,260 | +77.1% |
| Other amounts payable | 47/48 | €259,183 | €264,623 | +€5,439 | +2.1% |
| Non-recurring operating income | 76A | - | €12,476 | +€12,476 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,209 | €6,350 | +€141 | +2.3% |
| Other operating charges | 640/8 | €1,020 | €1,703 | +€683 | +66.9% |
| Gross operating margin | 9900 | €70,159 | €71,618 | +€1,459 | +2.1% |
| Operating profit (loss) | 9901 | €62,930 | €63,565 | +€635 | +1.0% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €31 | €84 | +€53 | +174.0% |
| Recurring financial charges | 65 | €31 | €84 | +€53 | +174.0% |
| Profit (loss) for the period before taxes | 9903 | €62,899 | €63,481 | +€582 | +0.9% |
| Income taxes | 67/77 | €15,901 | €16,740 | +€839 | +5.3% |
| Profit (loss) for the period | 9904 | €46,998 | €46,741 | -€257 | -0.5% |
| Profit (loss) for the period to be appropriated | 9905 | €46,998 | €46,741 | -€257 | -0.5% |
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 7 October 2026 via checked.be.