KD Consulting: 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 Consulting
Largest movements
- Tangible fixed assets +€331,379
up €331,379 (+710%), from €46,640 to €378,020
of which Land and buildings: +€353,375
- Receivables within one year -€155,083
down €155,083 (-84.8%), from €182,933 to €27,850
of which Other amounts receivable: -€134,330
- Financial fixed assets -€30,090
down €30,090 (-12.0%), from €249,710 to €219,620
- Deferred charges and accrued income -€17,883
down €17,883 (-79.8%), from €22,419 to €4,537
- Debts after one year +€193,017
new in 2025: €193,017
- Other debts -€77,061
down €77,061 (-79.2%), from €97,355 to €20,294
- Current portion of long-term debt +€27,000
new in 2025: €27,000
- Reserves +€18,334
up €18,334 (+2.5%), from €720,737 to €739,071
- Trade debts -€14,857
down €14,857 (-78.4%), from €18,948 to €4,091
- Gross operating margin +€56,832
up €56,832 (+42.8%), from €132,887 to €189,719
- Financial income +€40,461
up €40,461 (+95.1%), from €42,554 to €83,015
- Depreciation +€29,636
up €29,636 (+270%), from €10,993 to €40,628
- Other operating charges +€9,264
up €9,264 (+571%), from €1,621 to €10,885
- Financial charges +€7,771
up €7,771 (+607%), from €1,280 to €9,051
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 | €863,864 | €1,003,381 | +€139,517 | +16.2% |
| Fixed assets | 21/28 | €296,350 | €597,640 | +€301,289 | +102% |
| Tangible fixed assets | 22/27 | €46,640 | €378,020 | +€331,379 | +710% |
| Land and buildings | 22 | - | €353,375 | +€353,375 | |
| Furniture and vehicles | 24 | €17,483 | €7,403 | -€10,080 | -57.7% |
| Leasing and similar rights | 25 | €19,158 | €17,242 | -€1,916 | -10.0% |
| Other tangible fixed assets | 26 | €10,000 | €0 | -€10,000 | -100% |
| Financial fixed assets | 28 | €249,710 | €219,620 | -€30,090 | -12.0% |
| Current assets | 29/58 | €567,514 | €405,741 | -€161,772 | -28.5% |
| Amounts receivable after more than one year | 29 | €158,916 | €162,103 | +€3,187 | +2.0% |
| Other amounts receivable | 291 | €158,916 | €162,103 | +€3,187 | +2.0% |
| Amounts receivable within one year | 40/41 | €182,933 | €27,850 | -€155,083 | -84.8% |
| Trade receivables | 40 | €24,200 | €3,448 | -€20,752 | -85.8% |
| Other amounts receivable | 41 | €158,733 | €24,403 | -€134,330 | -84.6% |
| Cash at bank and in hand | 54/58 | €203,245 | €211,251 | +€8,006 | +3.9% |
| Deferred charges and accrued income | 490/1 | €22,419 | €4,537 | -€17,883 | -79.8% |
| Total equity and liabilities | 10/49 | €863,864 | €1,003,381 | +€139,517 | +16.2% |
| Equity | 10/15 | €721,237 | €739,571 | +€18,334 | +2.5% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Reserves | 13 | €720,737 | €739,071 | +€18,334 | +2.5% |
| Distributable reserves | 133 | €720,737 | €739,071 | +€18,334 | +2.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €142,627 | €263,810 | +€121,183 | +85.0% |
| Amounts payable after more than one year | 17 | - | €193,017 | +€193,017 | |
| Financial debts | 170/4 | - | €193,017 | +€193,017 | |
| Amounts payable within one year | 42/48 | €142,627 | €70,793 | -€71,833 | -50.4% |
| Current portion of amounts payable after more than one year | 42 | - | €27,000 | +€27,000 | |
| Trade debts | 44 | €18,948 | €4,091 | -€14,857 | -78.4% |
| Suppliers | 440/4 | €18,948 | €4,091 | -€14,857 | -78.4% |
| Taxes, remuneration and social security | 45 | €26,323 | €19,408 | -€6,915 | -26.3% |
| Taxes | 450/3 | €26,323 | €19,408 | -€6,915 | -26.3% |
| Other amounts payable | 47/48 | €97,355 | €20,294 | -€77,061 | -79.2% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €3,239 | €12,926 | +€9,687 | +299% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,993 | €40,628 | +€29,636 | +270% |
| Other operating charges | 640/8 | €1,621 | €10,885 | +€9,264 | +571% |
| Non-recurring operating charges | 66A | €5,405 | €13,258 | +€7,853 | +145% |
| Gross operating margin | 9900 | €132,887 | €189,719 | +€56,832 | +42.8% |
| Operating profit (loss) | 9901 | €114,869 | €124,948 | +€10,080 | +8.8% |
| Financial income | 75/76B | €42,554 | €83,015 | +€40,461 | +95.1% |
| Recurring financial income | 75 | €42,554 | €83,015 | +€40,461 | +95.1% |
| Financial charges | 65/66B | €1,280 | €9,051 | +€7,771 | +607% |
| Recurring financial charges | 65 | €1,280 | €9,051 | +€7,771 | +607% |
| Profit (loss) for the period before taxes | 9903 | €156,143 | €198,913 | +€42,770 | +27.4% |
| Income taxes | 67/77 | €42,562 | €44,589 | +€2,027 | +4.8% |
| Profit (loss) for the period | 9904 | €113,581 | €154,324 | +€40,743 | +35.9% |
| Profit (loss) for the period to be appropriated | 9905 | €113,581 | €154,324 | +€40,743 | +35.9% |
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 15 October 2026 via checked.be.