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
- Receivables within one year +€98,459
up €98,459 (+69.0%), from €142,652 to €241,111
of which Other amounts receivable: +€116,586
- Cash +€75,122
up €75,122 (+103%), from €73,011 to €148,133
mainly Net result for the year (+€192,413) and Depreciation (+€36,408)
- Tangible fixed assets -€34,847
down €34,847 (-38.4%), from €90,640 to €55,793
- Current investments -€24,288
down €24,288 (-4.3%), from €563,743 to €539,455
- Reserves +€112,413
up €112,413 (+15.7%), from €713,888 to €826,301
- Other debts +€11,918
up €11,918 (+18.2%), from €65,568 to €77,486
- Financial income +€25,464
up €25,464 (+181%), from €14,084 to €39,548
- Gross operating margin -€20,397
down €20,397 (-7.1%), from €286,682 to €266,285
- Taxes -€5,835
down €5,835 (-7.2%), from €81,373 to €75,538
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 | €882,894 | €998,314 | +€115,421 | +13.1% |
| Fixed assets | 21/28 | €96,640 | €61,793 | -€34,847 | -36.1% |
| Tangible fixed assets | 22/27 | €90,640 | €55,793 | -€34,847 | -38.4% |
| Land and buildings | 22 | €15,000 | €7,500 | -€7,500 | -50.0% |
| Plant, machinery and equipment | 23 | €793 | €360 | -€432 | -54.5% |
| Furniture and vehicles | 24 | €28,169 | €14,848 | -€13,322 | -47.3% |
| Other tangible fixed assets | 26 | €46,678 | €33,085 | -€13,593 | -29.1% |
| Financial fixed assets | 28 | €6,000 | €6,000 | = | 0.0% |
| Current assets | 29/58 | €786,254 | €936,522 | +€150,268 | +19.1% |
| Amounts receivable within one year | 40/41 | €142,652 | €241,111 | +€98,459 | +69.0% |
| Trade receivables | 40 | €69,664 | €51,538 | -€18,127 | -26.0% |
| Other amounts receivable | 41 | €72,987 | €189,573 | +€116,586 | +160% |
| Current investments | 50/53 | €563,743 | €539,455 | -€24,288 | -4.3% |
| Cash at bank and in hand | 54/58 | €73,011 | €148,133 | +€75,122 | +103% |
| Deferred charges and accrued income | 490/1 | €6,849 | €7,823 | +€974 | +14.2% |
| Total equity and liabilities | 10/49 | €882,894 | €998,314 | +€115,421 | +13.1% |
| Equity | 10/15 | €726,288 | €838,701 | +€112,413 | +15.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €713,888 | €826,301 | +€112,413 | +15.7% |
| Distributable reserves | 133 | €713,888 | €826,301 | +€112,413 | +15.7% |
| Amounts payable | 17/49 | €156,606 | €159,614 | +€3,008 | +1.9% |
| Amounts payable within one year | 42/48 | €120,270 | €127,633 | +€7,363 | +6.1% |
| Trade debts | 44 | €2,405 | €4,850 | +€2,445 | +102% |
| Suppliers | 440/4 | €2,405 | €4,850 | +€2,445 | +102% |
| Taxes, remuneration and social security | 45 | €52,297 | €45,296 | -€7,001 | -13.4% |
| Taxes | 450/3 | €52,297 | €42,692 | -€9,604 | -18.4% |
| Remuneration and social security | 454/9 | - | €2,604 | +€2,604 | |
| Other amounts payable | 47/48 | €65,568 | €77,486 | +€11,918 | +18.2% |
| Accrued charges and deferred income | 492/3 | €36,336 | €31,981 | -€4,355 | -12.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,821 | €36,408 | +€588 | +1.6% |
| Other operating charges | 640/8 | €1,382 | €1,428 | +€46 | +3.3% |
| Gross operating margin | 9900 | €286,682 | €266,285 | -€20,397 | -7.1% |
| Operating profit (loss) | 9901 | €249,479 | €228,449 | -€21,030 | -8.4% |
| Financial income | 75/76B | €14,084 | €39,548 | +€25,464 | +181% |
| Recurring financial income | 75 | €14,084 | €39,548 | +€25,464 | +181% |
| Financial charges | 65/66B | €153 | €46 | -€107 | -69.9% |
| Recurring financial charges | 65 | €153 | €46 | -€107 | -69.9% |
| Profit (loss) for the period before taxes | 9903 | €263,410 | €267,951 | +€4,541 | +1.7% |
| Income taxes | 67/77 | €81,373 | €75,538 | -€5,835 | -7.2% |
| Profit (loss) for the period | 9904 | €182,037 | €192,413 | +€10,376 | +5.7% |
| Profit (loss) for the period to be appropriated | 9905 | €182,037 | €192,413 | +€10,376 | +5.7% |
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 20 October 2026 via checked.be.