KD Aerospace: 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 Aerospace
Largest movements
- Cash -€7,855
down €7,855 (-92.4%), from €8,497 to €642
mainly Net result for the year (-€6,234) and Tax, wage and social debts (-€2,017)
- Tangible fixed assets -€597
down €597 (-45.4%), from €1,315 to €718
- Receivables within one year -€155
down €155 (-19.7%), from €786 to €631
of which Other amounts receivable: -€460
- Profit (loss) carried forward -€6,234
down €6,234, from €287 to -€5,947
- Tax, wage and social debts -€2,017
down €2,017 (-100.0%), from €2,017 to €0
- Trade debts -€1,726
down €1,726 (-58.5%), from €2,948 to €1,223
- Other debts +€1,398
new in 2025: €1,398
- Gross operating margin +€1,938
up €1,938 (+29.2%), from -€6,635 to -€4,698
- Other operating charges +€508
up €508 (+131.3%), from €387 to €896
- Depreciation +€121
up €121 (+25.4%), from €476 to €597
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 | €11,252 | €2,673 | -€8,579 | -76.2% |
| Fixed assets | 21/28 | €1,555 | €958 | -€597 | -38.4% |
| Tangible fixed assets | 22/27 | €1,315 | €718 | -€597 | -45.4% |
| Furniture and vehicles | 24 | €1,315 | €718 | -€597 | -45.4% |
| Financial fixed assets | 28 | €240 | €240 | = | 0.0% |
| Current assets | 29/58 | €9,698 | €1,716 | -€7,982 | -82.3% |
| Amounts receivable within one year | 40/41 | €786 | €631 | -€155 | -19.7% |
| Trade receivables | 40 | €314 | €619 | +€305 | +97.0% |
| Other amounts receivable | 41 | €471 | €12 | -€460 | -97.5% |
| Cash at bank and in hand | 54/58 | €8,497 | €642 | -€7,855 | -92.4% |
| Deferred charges and accrued income | 490/1 | €415 | €443 | +€28 | +6.7% |
| Total equity and liabilities | 10/49 | €11,252 | €2,673 | -€8,579 | -76.2% |
| Equity | 10/15 | €6,287 | €53 | -€6,234 | -99.2% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €287 | -€5,947 | -€6,234 | |
| Amounts payable | 17/49 | €4,966 | €2,620 | -€2,345 | -47.2% |
| Amounts payable within one year | 42/48 | €4,966 | €2,620 | -€2,345 | -47.2% |
| Trade debts | 44 | €2,948 | €1,223 | -€1,726 | -58.5% |
| Suppliers | 440/4 | €2,948 | €1,223 | -€1,726 | -58.5% |
| Taxes, remuneration and social security | 45 | €2,017 | €0 | -€2,017 | -100.0% |
| Taxes | 450/3 | €2,017 | €0 | -€2,017 | -100.0% |
| Other amounts payable | 47/48 | - | €1,398 | +€1,398 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €476 | €597 | +€121 | +25.4% |
| Other operating charges | 640/8 | €387 | €896 | +€508 | +131.3% |
| Gross operating margin | 9900 | -€6,635 | -€4,698 | +€1,938 | +29.2% |
| Operating profit (loss) | 9901 | -€7,499 | -€6,191 | +€1,308 | +17.4% |
| Financial charges | 65/66B | €59 | €43 | -€16 | -27.2% |
| Recurring financial charges | 65 | €59 | €43 | -€16 | -27.2% |
| Profit (loss) for the period before taxes | 9903 | -€7,558 | -€6,234 | +€1,324 | +17.5% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€7,558 | -€6,234 | +€1,324 | +17.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,558 | -€6,234 | +€1,324 | +17.5% |
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 9 October 2026 via checked.be.