KD CONSULT: 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 CONSULT
Largest movements
- Tangible fixed assets +€59,345
up €59,345 (+2,231%), from €2,660 to €62,005
of which Furniture and vehicles: +€60,174
- Receivables within one year -€39,134
down €39,134 (-15.7%), from €249,666 to €210,532
of which Other amounts receivable: -€43,296
- Cash +€11,802
up €11,802 (+18.6%), from €63,300 to €75,102
mainly Receivables within one year (+€39,134) and Other debts (+€27,326)
- Other debts +€27,326
new in 2025: €27,326
- Reserves -€11,045
down €11,045 (-9.0%), from €122,798 to €111,753
- Gross operating margin -€23,258
down €23,258 (-42.1%), from €55,290 to €32,032
- Taxes -€10,579
down €10,579 (-55.2%), from €19,155 to €8,576
- Depreciation +€6,694
up €6,694 (+815%), from €821 to €7,515
- Other operating charges -€1,441
down €1,441 (-56.6%), from €2,545 to €1,104
- Financial income -€1,032
down €1,032 (-19.5%), from €5,281 to €4,249
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 | €575,168 | €597,664 | +€22,496 | +3.9% |
| Fixed assets | 21/28 | €2,685 | €62,030 | +€59,345 | +2,210% |
| Tangible fixed assets | 22/27 | €2,660 | €62,005 | +€59,345 | +2,231% |
| Plant, machinery and equipment | 23 | €2,660 | €1,831 | -€829 | -31.2% |
| Furniture and vehicles | 24 | - | €60,174 | +€60,174 | |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €572,483 | €535,634 | -€36,849 | -6.4% |
| Amounts receivable within one year | 40/41 | €249,666 | €210,532 | -€39,134 | -15.7% |
| Trade receivables | 40 | €15,594 | €19,756 | +€4,162 | +26.7% |
| Other amounts receivable | 41 | €234,072 | €190,776 | -€43,296 | -18.5% |
| Current investments | 50/53 | €253,887 | €250,000 | -€3,887 | -1.5% |
| Cash at bank and in hand | 54/58 | €63,300 | €75,102 | +€11,802 | +18.6% |
| Deferred charges and accrued income | 490/1 | €5,630 | - | -€5,630 | |
| Total equity and liabilities | 10/49 | €575,168 | €597,664 | +€22,496 | +3.9% |
| Equity | 10/15 | €565,262 | €554,217 | -€11,045 | -2.0% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €122,798 | €111,753 | -€11,045 | -9.0% |
| Distributable reserves | 133 | €122,798 | €111,753 | -€11,045 | -9.0% |
| Profit (loss) carried forward | 14 | €423,872 | €423,872 | = | 0.0% |
| Amounts payable | 17/49 | €9,906 | €43,447 | +€33,541 | +339% |
| Amounts payable within one year | 42/48 | €9,906 | €43,447 | +€33,541 | +339% |
| Financial debts | 43 | €3,411 | €8,597 | +€5,186 | +152% |
| Credit institutions | 430/8 | €3,411 | €8,597 | +€5,186 | +152% |
| Trade debts | 44 | - | €61 | +€61 | |
| Suppliers | 440/4 | - | €61 | +€61 | |
| Taxes, remuneration and social security | 45 | €6,495 | €7,463 | +€968 | +14.9% |
| Taxes | 450/3 | €6,495 | €7,463 | +€968 | +14.9% |
| Other amounts payable | 47/48 | - | €27,326 | +€27,326 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €821 | €7,515 | +€6,694 | +815% |
| Other operating charges | 640/8 | €2,545 | €1,104 | -€1,441 | -56.6% |
| Gross operating margin | 9900 | €55,290 | €32,032 | -€23,258 | -42.1% |
| Operating profit (loss) | 9901 | €51,924 | €23,413 | -€28,511 | -54.9% |
| Financial income | 75/76B | €5,281 | €4,249 | -€1,032 | -19.5% |
| Recurring financial income | 75 | €5,281 | €4,249 | -€1,032 | -19.5% |
| Financial charges | 65/66B | €1,040 | €905 | -€135 | -13.0% |
| Recurring financial charges | 65 | €1,040 | €905 | -€135 | -13.0% |
| Profit (loss) for the period before taxes | 9903 | €56,165 | €26,757 | -€29,408 | -52.4% |
| Income taxes | 67/77 | €19,155 | €8,576 | -€10,579 | -55.2% |
| Profit (loss) for the period | 9904 | €37,010 | €18,181 | -€18,829 | -50.9% |
| Profit (loss) for the period to be appropriated | 9905 | €37,010 | €18,181 | -€18,829 | -50.9% |
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 19 October 2026 via checked.be.