KD Groep: 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 Groep
Largest movements
- Cash +€12,935
up €12,935 (+30.3%), from €42,670 to €55,605
mainly Net result for the year (+€22,426) and Depreciation (+€14,922)
- Tangible fixed assets +€2,188
up €2,188 (+4.8%), from €45,335 to €47,523
of which Land and buildings: +€7,791
- Receivables within one year -€1,430
down €1,430 (-27.6%), from €5,188 to €3,758
of which Trade receivables: -€1,430
- Profit (loss) carried forward +€22,426
up €22,426 (+0.7%), from -€3.3m to -€3.3m
- Other debts -€9,979
down €9,979 (-2.9%), from €347,100 to €337,121
- Tax, wage and social debts +€1,351
up €1,351 (+84.2%), from €1,605 to €2,957
- Gross operating margin +€13,621
up €13,621 (+55.1%), from €24,701 to €38,322
- Depreciation +€2,908
up €2,908 (+24.2%), from €12,014 to €14,922
- Other operating charges -€582
down €582 (-38.8%), from €1,502 to €920
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 | €93,198 | €107,128 | +€13,930 | +14.9% |
| Fixed assets | 21/28 | €45,340 | €47,528 | +€2,188 | +4.8% |
| Tangible fixed assets | 22/27 | €45,335 | €47,523 | +€2,188 | +4.8% |
| Land and buildings | 22 | €2,859 | €10,650 | +€7,791 | +272.6% |
| Plant, machinery and equipment | 23 | €17,946 | €19,907 | +€1,962 | +10.9% |
| Furniture and vehicles | 24 | €24,531 | €16,966 | -€7,565 | -30.8% |
| Financial fixed assets | 28 | €5 | €5 | = | 0.0% |
| Current assets | 29/58 | €47,857 | €59,599 | +€11,742 | +24.5% |
| Amounts receivable within one year | 40/41 | €5,188 | €3,758 | -€1,430 | -27.6% |
| Trade receivables | 40 | €2,650 | €1,220 | -€1,430 | -54.0% |
| Other amounts receivable | 41 | €2,538 | €2,538 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €42,670 | €55,605 | +€12,935 | +30.3% |
| Deferred charges and accrued income | 490/1 | €0 | €237 | +€237 | |
| Total equity and liabilities | 10/49 | €93,198 | €107,128 | +€13,930 | +14.9% |
| Equity | 10/15 | -€256,362 | -€233,936 | +€22,426 | +8.7% |
| Contributions | 10/11 | €3,088,000 | €3,088,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,344,362 | -€3,321,936 | +€22,426 | +0.7% |
| Amounts payable | 17/49 | €349,560 | €341,064 | -€8,496 | -2.4% |
| Amounts payable within one year | 42/48 | €349,560 | €341,064 | -€8,496 | -2.4% |
| Trade debts | 44 | €855 | €987 | +€132 | +15.4% |
| Suppliers | 440/4 | €855 | €987 | +€132 | +15.4% |
| Taxes, remuneration and social security | 45 | €1,605 | €2,957 | +€1,351 | +84.2% |
| Taxes | 450/3 | €1,605 | €2,957 | +€1,351 | +84.2% |
| Other amounts payable | 47/48 | €347,100 | €337,121 | -€9,979 | -2.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,014 | €14,922 | +€2,908 | +24.2% |
| Other operating charges | 640/8 | €1,502 | €920 | -€582 | -38.8% |
| Gross operating margin | 9900 | €24,701 | €38,322 | +€13,621 | +55.1% |
| Operating profit (loss) | 9901 | €11,185 | €22,480 | +€11,295 | +101.0% |
| Financial income | 75/76B | €80 | €0 | -€80 | -99.9% |
| Recurring financial income | 75 | €80 | €0 | -€80 | -99.9% |
| Financial charges | 65/66B | €54 | €54 | -€0 | -0.3% |
| Recurring financial charges | 65 | €54 | €54 | -€0 | -0.3% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | €11,211 | €22,426 | +€11,215 | +100.0% |
| Profit (loss) for the period | 9904 | €11,211 | €22,426 | +€11,215 | +100.0% |
| Profit (loss) for the period to be appropriated | 9905 | €11,211 | €22,426 | +€11,215 | +100.0% |
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 10 October 2026 via checked.be.