KD Management Services: 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 Management Services
Largest movements
- Receivables within one year -€20,347
down €20,347 (-46.1%), from €44,164 to €23,817
of which Trade receivables: -€20,000
- Cash +€3,897
up €3,897 (+9.9%), from €39,312 to €43,209
mainly Net result for the year (+€85,282) and Other debts (+€85,282)
- Tangible fixed assets -€2,904
down €2,904 (-24.4%), from €11,899 to €8,995
of which Furniture and vehicles: -€2,438
- Reserves -€111,239
down €111,239 (-100.0%), from €111,239 to €0
- Other debts +€85,282
up €85,282, from €0 to €85,282
- Tax, wage and social debts +€5,503
up €5,503 (+15.4%), from €35,745 to €41,247
- Gross operating margin -€29,684
down €29,684 (-20.4%), from €145,251 to €115,567
- Taxes -€8,182
down €8,182 (-26.6%), from €30,737 to €22,555
- Financial charges +€1,693
up €1,693 (+109.9%), from €1,540 to €3,233
- Depreciation +€1,609
up €1,609 (+124.3%), from €1,294 to €2,904
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 | €150,375 | €131,021 | -€19,354 | -12.9% |
| Fixed assets | 21/28 | €11,899 | €8,995 | -€2,904 | -24.4% |
| Tangible fixed assets | 22/27 | €11,899 | €8,995 | -€2,904 | -24.4% |
| Plant, machinery and equipment | 23 | €2,032 | €1,567 | -€465 | -22.9% |
| Furniture and vehicles | 24 | €9,867 | €7,428 | -€2,438 | -24.7% |
| Current assets | 29/58 | €138,477 | €122,026 | -€16,451 | -11.9% |
| Amounts receivable within one year | 40/41 | €44,164 | €23,817 | -€20,347 | -46.1% |
| Trade receivables | 40 | €40,000 | €20,000 | -€20,000 | -50.0% |
| Other amounts receivable | 41 | €4,164 | €3,817 | -€347 | -8.3% |
| Current investments | 50/53 | €55,000 | €55,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €39,312 | €43,209 | +€3,897 | +9.9% |
| Total equity and liabilities | 10/49 | €150,375 | €131,021 | -€19,354 | -12.9% |
| Equity | 10/15 | €114,239 | €3,000 | -€111,239 | -97.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €111,239 | €0 | -€111,239 | -100.0% |
| Distributable reserves | 133 | €111,239 | €0 | -€111,239 | -100.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €36,136 | €128,021 | +€91,885 | +254.3% |
| Amounts payable within one year | 42/48 | €35,954 | €127,807 | +€91,853 | +255.5% |
| Trade debts | 44 | €210 | €1,278 | +€1,069 | +509.7% |
| Suppliers | 440/4 | €210 | €1,278 | +€1,069 | +509.7% |
| Taxes, remuneration and social security | 45 | €35,745 | €41,247 | +€5,503 | +15.4% |
| Taxes | 450/3 | €35,745 | €41,247 | +€5,503 | +15.4% |
| Other amounts payable | 47/48 | €0 | €85,282 | +€85,282 | |
| Accrued charges and deferred income | 492/3 | €182 | €214 | +€32 | +17.5% |
| Remuneration, social security and pensions | 62 | €1,091 | €596 | -€496 | -45.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,294 | €2,904 | +€1,609 | +124.3% |
| Other operating charges | 640/8 | €744 | €1,717 | +€974 | +130.9% |
| Gross operating margin | 9900 | €145,251 | €115,567 | -€29,684 | -20.4% |
| Operating profit (loss) | 9901 | €142,122 | €110,351 | -€31,771 | -22.4% |
| Financial income | 75/76B | €1,395 | €719 | -€676 | -48.5% |
| Recurring financial income | 75 | €1,395 | €719 | -€676 | -48.5% |
| Financial charges | 65/66B | €1,540 | €3,233 | +€1,693 | +109.9% |
| Recurring financial charges | 65 | €1,540 | €3,233 | +€1,693 | +109.9% |
| Profit (loss) for the period before taxes | 9903 | €141,976 | €107,836 | -€34,140 | -24.0% |
| Income taxes | 67/77 | €30,737 | €22,555 | -€8,182 | -26.6% |
| Profit (loss) for the period | 9904 | €111,239 | €85,282 | -€25,957 | -23.3% |
| Profit (loss) for the period to be appropriated | 9905 | €111,239 | €85,282 | -€25,957 | -23.3% |
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 11 October 2026 via checked.be.