KD Accounting: 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.
KD Accounting
Largest movements
- Financial fixed assets +€125,073
up €125,073 (+208%), from €59,994 to €185,067
- Current investments +€36,840
up €36,840 (+36.3%), from €101,598 to €138,438
- Receivables within one year +€12,344
up €12,344 (+15.6%), from €79,113 to €91,458
of which Trade receivables: +€11,722
- Tangible fixed assets -€9,379
down €9,379 (-37.6%), from €24,970 to €15,591
- Cash +€5,283
up €5,283 (+31.3%), from €16,896 to €22,180
mainly Net result for the year (+€140,285) and Other debts (+€98,988)
- Other debts +€98,988
up €98,988 (+91.0%), from €108,774 to €207,762
- Debts after one year +€51,832
up €51,832 (+435%), from €11,903 to €63,735
- Current portion of long-term debt +€12,979
up €12,979 (+55.8%), from €23,260 to €36,239
- Gross operating margin +€52,592
up €52,592 (+36.5%), from €144,079 to €196,671
- Taxes +€17,176
up €17,176 (+53.3%), from €32,201 to €49,377
- Financial charges +€3,597
up €3,597 (+175%), from €2,057 to €5,654
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 | €283,909 | €453,829 | +€169,920 | +59.9% |
| Fixed assets | 21/28 | €84,964 | €200,658 | +€115,694 | +136% |
| Tangible fixed assets | 22/27 | €24,970 | €15,591 | -€9,379 | -37.6% |
| Furniture and vehicles | 24 | €24,970 | €15,591 | -€9,379 | -37.6% |
| Financial fixed assets | 28 | €59,994 | €185,067 | +€125,073 | +208% |
| Current assets | 29/58 | €198,945 | €253,171 | +€54,226 | +27.3% |
| Amounts receivable within one year | 40/41 | €79,113 | €91,458 | +€12,344 | +15.6% |
| Trade receivables | 40 | €79,028 | €90,750 | +€11,722 | +14.8% |
| Other amounts receivable | 41 | €85 | €708 | +€623 | +732% |
| Current investments | 50/53 | €101,598 | €138,438 | +€36,840 | +36.3% |
| Cash at bank and in hand | 54/58 | €16,896 | €22,180 | +€5,283 | +31.3% |
| Deferred charges and accrued income | 490/1 | €1,338 | €1,096 | -€241 | -18.0% |
| Total equity and liabilities | 10/49 | €283,909 | €453,829 | +€169,920 | +59.9% |
| Equity | 10/15 | €120,669 | €120,669 | = | 0.0% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €119,169 | €119,169 | = | 0.0% |
| Distributable reserves | 133 | €119,169 | €119,169 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €163,240 | €333,160 | +€169,920 | +104% |
| Amounts payable after more than one year | 17 | €11,903 | €63,735 | +€51,832 | +435% |
| Financial debts | 170/4 | €11,903 | €63,735 | +€51,832 | +435% |
| Amounts payable within one year | 42/48 | €151,337 | €269,425 | +€118,088 | +78.0% |
| Current portion of amounts payable after more than one year | 42 | €23,260 | €36,239 | +€12,979 | +55.8% |
| Financial debts | 43 | - | €2,198 | +€2,198 | |
| Credit institutions | 430/8 | - | €2,198 | +€2,198 | |
| Trade debts | 44 | €335 | €379 | +€43 | +12.8% |
| Suppliers | 440/4 | €335 | €379 | +€43 | +12.8% |
| Taxes, remuneration and social security | 45 | €18,968 | €22,848 | +€3,880 | +20.5% |
| Taxes | 450/3 | €18,968 | €22,848 | +€3,880 | +20.5% |
| Other amounts payable | 47/48 | €108,774 | €207,762 | +€98,988 | +91.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,206 | €9,379 | +€173 | +1.9% |
| Other operating charges | 640/8 | €1,275 | €1,315 | +€39 | +3.1% |
| Gross operating margin | 9900 | €144,079 | €196,671 | +€52,592 | +36.5% |
| Operating profit (loss) | 9901 | €133,597 | €185,977 | +€52,380 | +39.2% |
| Financial income | 75/76B | €8,656 | €9,340 | +€684 | +7.9% |
| Recurring financial income | 75 | €8,656 | €9,340 | +€684 | +7.9% |
| Financial charges | 65/66B | €2,057 | €5,654 | +€3,597 | +175% |
| Recurring financial charges | 65 | €2,057 | €5,654 | +€3,597 | +175% |
| Profit (loss) for the period before taxes | 9903 | €140,197 | €189,663 | +€49,466 | +35.3% |
| Income taxes | 67/77 | €32,201 | €49,377 | +€17,176 | +53.3% |
| Profit (loss) for the period | 9904 | €107,996 | €140,285 | +€32,290 | +29.9% |
| Profit (loss) for the period to be appropriated | 9905 | €107,996 | €140,285 | +€32,290 | +29.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.