KD-ITS: what changed
Two fiscal 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-ITS
Largest movements
- Receivables within one year +€57,251
up €57,251 (+144.5%), from €39,620 to €96,871
of which Trade receivables: +€40,222
- Cash -€34,631
down €34,631 (-42.1%), from €82,178 to €47,546
mainly Receivables within one year (-€57,251) and Investment in fixed assets (net) (-€13,140)
- Deferred charges and accrued income +€2,044
new in 2025: €2,044
- Profit (loss) carried forward +€27,147
up €27,147 (+27.6%), from €98,323 to €125,471
- Trade debts +€7,285
up €7,285 (+84.4%), from €8,637 to €15,922
- Debts after one year -€6,909
down €6,909 (-92.2%), from €7,491 to €581
- Staff costs +€15,001
up €15,001 (+50.0%), from €30,007 to €45,008
- Gross operating margin +€12,415
up €12,415 (+15.0%), from €82,780 to €95,195
- Financial income +€1,627
new in 2025: €1,627
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 | €174,993 | €200,212 | +€25,219 | +14.4% |
| Fixed assets | 21/28 | €53,195 | €53,751 | +€556 | +1.0% |
| Tangible fixed assets | 22/27 | €53,195 | €53,751 | +€556 | +1.0% |
| Land and buildings | 22 | €53,195 | €53,751 | +€556 | +1.0% |
| Current assets | 29/58 | €121,798 | €146,461 | +€24,663 | +20.2% |
| Amounts receivable within one year | 40/41 | €39,620 | €96,871 | +€57,251 | +144.5% |
| Trade receivables | 40 | - | €40,222 | +€40,222 | |
| Other amounts receivable | 41 | €39,620 | €56,649 | +€17,029 | +43.0% |
| Cash at bank and in hand | 54/58 | €82,178 | €47,546 | -€34,631 | -42.1% |
| Deferred charges and accrued income | 490/1 | - | €2,044 | +€2,044 | |
| Total equity and liabilities | 10/49 | €174,993 | €200,212 | +€25,219 | +14.4% |
| Equity | 10/15 | €118,383 | €145,531 | +€27,147 | +22.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €13,860 | €13,860 | = | 0.0% |
| 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 | €12,000 | €12,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €98,323 | €125,471 | +€27,147 | +27.6% |
| Amounts payable | 17/49 | €56,609 | €54,681 | -€1,928 | -3.4% |
| Amounts payable after more than one year | 17 | €7,491 | €581 | -€6,909 | -92.2% |
| Financial debts | 170/4 | €7,491 | €581 | -€6,909 | -92.2% |
| Amounts payable within one year | 42/48 | €49,119 | €54,100 | +€4,981 | +10.1% |
| Current portion of amounts payable after more than one year | 42 | €15,251 | €14,642 | -€609 | -4.0% |
| Trade debts | 44 | €8,637 | €15,922 | +€7,285 | +84.4% |
| Suppliers | 440/4 | €8,637 | €15,922 | +€7,285 | +84.4% |
| Taxes, remuneration and social security | 45 | €25,231 | €23,536 | -€1,696 | -6.7% |
| Taxes | 450/3 | €25,231 | €13,702 | -€11,529 | -45.7% |
| Remuneration and social security | 454/9 | - | €9,834 | +€9,834 | |
| Remuneration, social security and pensions | 62 | €30,007 | €45,008 | +€15,001 | +50.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,731 | €12,584 | +€853 | +7.3% |
| Other operating charges | 640/8 | €597 | €528 | -€70 | -11.7% |
| Gross operating margin | 9900 | €82,780 | €95,195 | +€12,415 | +15.0% |
| Operating profit (loss) | 9901 | €40,445 | €37,076 | -€3,369 | -8.3% |
| Financial income | 75/76B | - | €1,627 | +€1,627 | |
| Recurring financial income | 75 | - | €1,627 | +€1,627 | |
| Financial charges | 65/66B | €1,849 | €1,878 | +€30 | +1.6% |
| Recurring financial charges | 65 | €1,849 | €1,878 | +€30 | +1.6% |
| Profit (loss) for the period before taxes | 9903 | €38,596 | €36,824 | -€1,772 | -4.6% |
| Income taxes | 67/77 | €9,309 | €9,677 | +€368 | +4.0% |
| Profit (loss) for the period | 9904 | €29,287 | €27,147 | -€2,140 | -7.3% |
| Profit (loss) for the period to be appropriated | 9905 | €29,287 | €27,147 | -€2,140 | -7.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.