KD Consulting & Projects: 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 & Projects
Largest movements
- Tangible fixed assets +€86,372
up €86,372 (+8.5%), from €1.0m to €1.1m
of which Land and buildings: +€53,065
- Cash +€53,037
up €53,037 (+9.4%), from €564,318 to €617,355
mainly Net result for the year (+€143,373) and Depreciation (+€56,525)
- Reserves +€143,373
up €143,373 (+15.1%), from €947,805 to €1.1m
of which Distributable reserves: +€143,373
- Trade debts +€28,863
up €28,863 (+66.3%), from €43,506 to €72,370
- Other debts -€21,444
down €21,444 (-19.1%), from €112,071 to €90,627
- Gross operating margin -€27,412
down €27,412 (-9.0%), from €303,134 to €275,722
- Other operating charges +€22,497
up €22,497 (+408%), from €5,509 to €28,005
- Taxes -€17,889
down €17,889 (-23.5%), from €76,265 to €58,376
- Financial income +€6,981
up €6,981 (+118%), from €5,937 to €12,918
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 | €1,672,618 | €1,814,323 | +€141,705 | +8.5% |
| Fixed assets | 21/28 | €1,020,975 | €1,107,347 | +€86,372 | +8.5% |
| Tangible fixed assets | 22/27 | €1,020,975 | €1,107,347 | +€86,372 | +8.5% |
| Land and buildings | 22 | €1,007,753 | €1,060,818 | +€53,065 | +5.3% |
| Plant, machinery and equipment | 23 | €6,279 | €4,783 | -€1,497 | -23.8% |
| Furniture and vehicles | 24 | €6,943 | €41,747 | +€34,804 | +501% |
| Current assets | 29/58 | €651,643 | €706,976 | +€55,333 | +8.5% |
| Amounts receivable within one year | 40/41 | €87,326 | €89,621 | +€2,296 | +2.6% |
| Trade receivables | 40 | €87,326 | €89,621 | +€2,296 | +2.6% |
| Cash at bank and in hand | 54/58 | €564,318 | €617,355 | +€53,037 | +9.4% |
| Total equity and liabilities | 10/49 | €1,672,618 | €1,814,323 | +€141,705 | +8.5% |
| Equity | 10/15 | €1,435,117 | €1,578,490 | +€143,373 | +10.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €947,805 | €1,091,178 | +€143,373 | +15.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €945,945 | €1,089,318 | +€143,373 | +15.2% |
| Profit (loss) carried forward | 14 | €481,111 | €481,111 | = | 0.0% |
| Amounts payable | 17/49 | €237,502 | €235,833 | -€1,668 | -0.7% |
| Amounts payable within one year | 42/48 | €205,605 | €209,325 | +€3,720 | +1.8% |
| Trade debts | 44 | €43,506 | €72,370 | +€28,863 | +66.3% |
| Suppliers | 440/4 | €43,506 | €72,370 | +€28,863 | +66.3% |
| Taxes, remuneration and social security | 45 | €50,028 | €46,329 | -€3,699 | -7.4% |
| Taxes | 450/3 | €50,028 | €46,329 | -€3,699 | -7.4% |
| Other amounts payable | 47/48 | €112,071 | €90,627 | -€21,444 | -19.1% |
| Accrued charges and deferred income | 492/3 | €31,897 | €26,508 | -€5,389 | -16.9% |
| Non-recurring operating income | 76A | - | €18,468 | +€18,468 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €59,447 | €56,525 | -€2,922 | -4.9% |
| Other operating charges | 640/8 | €5,509 | €28,005 | +€22,497 | +408% |
| Non-recurring operating charges | 66A | - | €953 | +€953 | |
| Gross operating margin | 9900 | €303,134 | €275,722 | -€27,412 | -9.0% |
| Operating profit (loss) | 9901 | €238,179 | €190,239 | -€47,940 | -20.1% |
| Financial income | 75/76B | €5,937 | €12,918 | +€6,981 | +118% |
| Recurring financial income | 75 | €5,937 | €12,918 | +€6,981 | +118% |
| Financial charges | 65/66B | €3,520 | €1,408 | -€2,112 | -60.0% |
| Recurring financial charges | 65 | €3,520 | €1,408 | -€2,112 | -60.0% |
| Profit (loss) for the period before taxes | 9903 | €240,596 | €201,749 | -€38,847 | -16.1% |
| Income taxes | 67/77 | €76,265 | €58,376 | -€17,889 | -23.5% |
| Profit (loss) for the period | 9904 | €164,331 | €143,373 | -€20,958 | -12.8% |
| Profit (loss) for the period to be appropriated | 9905 | €164,331 | €143,373 | -€20,958 | -12.8% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.