KD COLLECTION: 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 COLLECTION
Largest movements
- Receivables after one year -€12,397
no longer reported in 2025 (was €12,397)
of which Trade receivables: -€6,915
- Receivables within one year +€10,909
new in 2025: €10,909
of which Trade receivables: +€10,047
- Cash -€7,261
down €7,261 (-16.5%), from €44,127 to €36,866
mainly Other debts (-€28,260) and Receivables within one year (-€10,909)
- Tangible fixed assets -€4,004
down €4,004 (-34.6%), from €11,562 to €7,558
of which Plant, machinery and equipment: -€5,172
- Deferred charges and accrued income +€3,157
up €3,157 (+490.5%), from €644 to €3,800
- Other debts -€28,260
no longer reported in 2025 (was €28,260)
- Tax, wage and social debts +€12,304
up €12,304 (+283.2%), from €4,344 to €16,648
- Reserves +€5,438
up €5,438 (+72.5%), from €7,500 to €12,938
- Trade debts +€922
up €922 (+6.9%), from €13,297 to €14,219
- Turnover -€348,818
no longer reported in 2025 (was €348,818)
- Purchases and services -€306,389
no longer reported in 2025 (was €306,389)
- Gross operating margin -€16,052
down €16,052 (-37.8%), from €42,429 to €26,377
- Other operating charges +€8,098
up €8,098 (+1059.0%), from €765 to €8,863
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 | €68,729 | €59,133 | -€9,596 | -14.0% |
| Fixed assets | 21/28 | €11,562 | €7,558 | -€4,004 | -34.6% |
| Tangible fixed assets | 22/27 | €11,562 | €7,558 | -€4,004 | -34.6% |
| Plant, machinery and equipment | 23 | €10,692 | €5,519 | -€5,172 | -48.4% |
| Furniture and vehicles | 24 | €870 | €2,038 | +€1,168 | +134.2% |
| Current assets | 29/58 | €57,167 | €51,575 | -€5,592 | -9.8% |
| Amounts receivable after more than one year | 29 | €12,397 | - | -€12,397 | |
| Trade receivables | 290 | €6,915 | - | -€6,915 | |
| Other amounts receivable | 291 | €5,481 | - | -€5,481 | |
| Amounts receivable within one year | 40/41 | - | €10,909 | +€10,909 | |
| Trade receivables | 40 | - | €10,047 | +€10,047 | |
| Other amounts receivable | 41 | - | €862 | +€862 | |
| Cash at bank and in hand | 54/58 | €44,127 | €36,866 | -€7,261 | -16.5% |
| Deferred charges and accrued income | 490/1 | €644 | €3,800 | +€3,157 | +490.5% |
| Total equity and liabilities | 10/49 | €68,729 | €59,133 | -€9,596 | -14.0% |
| Equity | 10/15 | €22,827 | €28,266 | +€5,438 | +23.8% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Capital | 10 | €15,000 | - | -€15,000 | |
| Issued capital | 100 | €15,000 | - | -€15,000 | |
| Reserves | 13 | €7,500 | €12,938 | +€5,438 | +72.5% |
| Distributable reserves | 133 | €7,500 | €12,938 | +€5,438 | +72.5% |
| Profit (loss) carried forward | 14 | €327 | €327 | = | 0.0% |
| Amounts payable | 17/49 | €45,901 | €30,867 | -€15,034 | -32.8% |
| Amounts payable within one year | 42/48 | €45,901 | €30,867 | -€15,034 | -32.8% |
| Trade debts | 44 | €13,297 | €14,219 | +€922 | +6.9% |
| Suppliers | 440/4 | €13,297 | €14,219 | +€922 | +6.9% |
| Taxes, remuneration and social security | 45 | €4,344 | €16,648 | +€12,304 | +283.2% |
| Taxes | 450/3 | €4,344 | €16,648 | +€12,304 | +283.2% |
| Other amounts payable | 47/48 | €28,260 | - | -€28,260 | |
| Turnover | 70 | €348,818 | - | -€348,818 | |
| Goods, raw materials, services and sundry goods | 60/61 | €306,389 | - | -€306,389 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,390 | €5,864 | +€473 | +8.8% |
| Other operating charges | 640/8 | €765 | €8,863 | +€8,098 | +1059.0% |
| Gross operating margin | 9900 | €42,429 | €26,377 | -€16,052 | -37.8% |
| Operating profit (loss) | 9901 | €36,274 | €11,650 | -€24,624 | -67.9% |
| Financial income | 75/76B | - | €335 | +€335 | |
| Recurring financial income | 75 | - | €335 | +€335 | |
| Financial charges | 65/66B | €102 | €589 | +€486 | +475.7% |
| Recurring financial charges | 65 | €102 | €589 | +€486 | +475.7% |
| Profit (loss) for the period before taxes | 9903 | €36,172 | €11,397 | -€24,775 | -68.5% |
| Income taxes | 67/77 | €4,344 | €5,959 | +€1,614 | +37.2% |
| Profit (loss) for the period | 9904 | €31,827 | €5,438 | -€26,389 | -82.9% |
| Profit (loss) for the period to be appropriated | 9905 | €31,827 | €5,438 | -€26,389 | -82.9% |
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 11 October 2026 via checked.be.