KD & CO: 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 & CO
Largest movements
- Tangible fixed assets -€4,296
down €4,296 (-10.6%), from €40,342 to €36,047
of which Other tangible fixed assets: -€3,918
- Receivables within one year -€3,733
down €3,733 (-45.8%), from €8,148 to €4,415
of which Trade receivables: -€2,675
- Stocks and contracts +€1,302
up €1,302 (+5.9%), from €22,049 to €23,351
- Tax, wage and social debts +€5,226
up €5,226 (+62.8%), from €8,323 to €13,549
of which Taxes: +€5,142
- Debts after one year -€4,588
down €4,588 (-64.4%), from €7,129 to €2,541
- Accrued charges and deferred income -€3,999
down €3,999 (-51.8%), from €7,716 to €3,717
- Current portion of long-term debt -€1,986
down €1,986 (-30.2%), from €6,574 to €4,588
- Profit (loss) carried forward -€1,069
down €1,069 (-18.9%), from €5,672 to €4,603
- Gross operating margin -€14,314
down €14,314 (-9.6%), from €149,783 to €135,469
- Staff costs -€4,980
down €4,980 (-4.0%), from €125,185 to €120,205
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 | €90,228 | €83,712 | -€6,516 | -7.2% |
| Fixed assets | 21/28 | €40,342 | €36,047 | -€4,296 | -10.6% |
| Tangible fixed assets | 22/27 | €40,342 | €36,047 | -€4,296 | -10.6% |
| Plant, machinery and equipment | 23 | €7,134 | €8,511 | +€1,377 | +19.3% |
| Furniture and vehicles | 24 | €6,304 | €4,550 | -€1,754 | -27.8% |
| Other tangible fixed assets | 26 | €26,904 | €22,986 | -€3,918 | -14.6% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €49,885 | €47,665 | -€2,220 | -4.5% |
| Stocks and contracts in progress | 3 | €22,049 | €23,351 | +€1,302 | +5.9% |
| Stocks | 30/36 | €22,049 | €23,351 | +€1,302 | +5.9% |
| Amounts receivable within one year | 40/41 | €8,148 | €4,415 | -€3,733 | -45.8% |
| Trade receivables | 40 | €3,971 | €1,295 | -€2,675 | -67.4% |
| Other amounts receivable | 41 | €4,177 | €3,120 | -€1,057 | -25.3% |
| Cash at bank and in hand | 54/58 | €18,191 | €18,030 | -€161 | -0.9% |
| Deferred charges and accrued income | 490/1 | €1,497 | €1,868 | +€371 | +24.8% |
| Total equity and liabilities | 10/49 | €90,228 | €83,712 | -€6,516 | -7.2% |
| Equity | 10/15 | €22,405 | €21,336 | -€1,069 | -4.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €10,533 | €10,533 | = | 0.0% |
| Distributable reserves | 133 | €10,533 | €10,533 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,672 | €4,603 | -€1,069 | -18.9% |
| Amounts payable | 17/49 | €67,822 | €62,376 | -€5,446 | -8.0% |
| Amounts payable after more than one year | 17 | €7,129 | €2,541 | -€4,588 | -64.4% |
| Financial debts | 170/4 | €7,129 | €2,541 | -€4,588 | -64.4% |
| Amounts payable within one year | 42/48 | €52,978 | €56,118 | +€3,140 | +5.9% |
| Current portion of amounts payable after more than one year | 42 | €6,574 | €4,588 | -€1,986 | -30.2% |
| Trade debts | 44 | €14,696 | €13,774 | -€922 | -6.3% |
| Suppliers | 440/4 | €14,696 | €13,774 | -€922 | -6.3% |
| Advances received on contracts in progress | 46 | €1,185 | €1,397 | +€212 | +17.9% |
| Taxes, remuneration and social security | 45 | €8,323 | €13,549 | +€5,226 | +62.8% |
| Taxes | 450/3 | €2,119 | €7,261 | +€5,142 | +243% |
| Remuneration and social security | 454/9 | €6,204 | €6,288 | +€84 | +1.4% |
| Other amounts payable | 47/48 | €22,199 | €22,809 | +€610 | +2.7% |
| Accrued charges and deferred income | 492/3 | €7,716 | €3,717 | -€3,999 | -51.8% |
| Remuneration, social security and pensions | 62 | €125,185 | €120,205 | -€4,980 | -4.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,674 | €11,218 | -€455 | -3.9% |
| Other operating charges | 640/8 | €1,205 | €1,365 | +€160 | +13.2% |
| Gross operating margin | 9900 | €149,783 | €135,469 | -€14,314 | -9.6% |
| Operating profit (loss) | 9901 | €11,720 | €2,681 | -€9,039 | -77.1% |
| Financial income | 75/76B | €1 | €2 | +€1 | +162% |
| Recurring financial income | 75 | €1 | €2 | +€1 | +162% |
| Financial charges | 65/66B | €1,009 | €622 | -€388 | -38.4% |
| Recurring financial charges | 65 | €1,009 | €622 | -€388 | -38.4% |
| Profit (loss) for the period before taxes | 9903 | €10,711 | €2,061 | -€8,650 | -80.8% |
| Income taxes | 67/77 | €3,597 | €2,131 | -€1,467 | -40.8% |
| Profit (loss) for the period | 9904 | €7,114 | -€69 | -€7,183 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,114 | -€69 | -€7,183 |
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 15 October 2026 via checked.be.