KD-SERVICES: 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-SERVICES
Largest movements
- Financial fixed assets +€980,000
new in 2025: €980,000
- Tangible fixed assets +€340,587
up €340,587 (+354.8%), from €96,004 to €436,591
of which Land and buildings: +€364,323
- Cash +€229,415
up €229,415 (+72.9%), from €314,513 to €543,927
mainly Debts after one year (+€1.1m) and Net result for the year (+€202,962)
- Debts after one year +€1.1m
up €1.1m (+1296.4%), from €87,500 to €1.2m
- Profit (loss) carried forward +€202,962
up €202,962 (+40.2%), from €504,641 to €707,603
- Trade debts +€173,972
up €173,972 (+65.4%), from €265,995 to €439,967
- Current portion of long-term debt +€139,166
up €139,166 (+278.3%), from €50,000 to €189,166
- Tax, wage and social debts -€59,680
down €59,680 (-41.8%), from €142,859 to €83,179
of which Taxes: -€70,235
- Gross operating margin +€89,138
up €89,138 (+19.4%), from €459,249 to €548,386
- Staff costs +€83,209
up €83,209 (+80.4%), from €103,508 to €186,717
- Other operating charges +€48,767
up €48,767 (+3314.1%), from €1,472 to €50,239
- Financial charges +€11,481
up €11,481 (+446.4%), from €2,572 to €14,053
- Depreciation +€6,735
up €6,735 (+29.7%), from €22,679 to €29,413
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 | €1,527,200 | €3,074,160 | +€1.5m | +101.3% |
| Fixed assets | 21/28 | €96,004 | €1,416,591 | +€1.3m | +1375.5% |
| Tangible fixed assets | 22/27 | €96,004 | €436,591 | +€340,587 | +354.8% |
| Land and buildings | 22 | - | €364,323 | +€364,323 | |
| Plant, machinery and equipment | 23 | €96,004 | €72,268 | -€23,737 | -24.7% |
| Financial fixed assets | 28 | - | €980,000 | +€980,000 | |
| Current assets | 29/58 | €1,431,195 | €1,657,569 | +€226,373 | +15.8% |
| Stocks and contracts in progress | 3 | €795,851 | €793,205 | -€2,645 | -0.3% |
| Stocks | 30/36 | €795,851 | €793,205 | -€2,645 | -0.3% |
| Amounts receivable within one year | 40/41 | €320,832 | €320,436 | -€396 | -0.1% |
| Trade receivables | 40 | €320,832 | €308,552 | -€12,280 | -3.8% |
| Other amounts receivable | 41 | - | €11,884 | +€11,884 | |
| Cash at bank and in hand | 54/58 | €314,513 | €543,927 | +€229,415 | +72.9% |
| Total equity and liabilities | 10/49 | €1,527,200 | €3,074,160 | +€1.5m | +101.3% |
| Equity | 10/15 | €564,641 | €767,603 | +€202,962 | +35.9% |
| Contributions | 10/11 | €60,000 | €60,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €504,641 | €707,603 | +€202,962 | +40.2% |
| Amounts payable | 17/49 | €962,559 | €2,306,557 | +€1.3m | +139.6% |
| Amounts payable after more than one year | 17 | €87,500 | €1,221,833 | +€1.1m | +1296.4% |
| Financial debts | 170/4 | €87,500 | €1,221,833 | +€1.1m | +1296.4% |
| Amounts payable within one year | 42/48 | €875,059 | €1,084,670 | +€209,611 | +24.0% |
| Current portion of amounts payable after more than one year | 42 | €50,000 | €189,166 | +€139,166 | +278.3% |
| Trade debts | 44 | €265,995 | €439,967 | +€173,972 | +65.4% |
| Suppliers | 440/4 | €265,995 | €439,967 | +€173,972 | +65.4% |
| Advances received on contracts in progress | 46 | €1,847 | - | -€1,847 | |
| Taxes, remuneration and social security | 45 | €142,859 | €83,179 | -€59,680 | -41.8% |
| Taxes | 450/3 | €125,428 | €55,193 | -€70,235 | -56.0% |
| Remuneration and social security | 454/9 | €17,431 | €27,986 | +€10,555 | +60.6% |
| Other amounts payable | 47/48 | €414,357 | €372,357 | -€42,000 | -10.1% |
| Accrued charges and deferred income | 492/3 | - | €54 | +€54 | |
| Remuneration, social security and pensions | 62 | €103,508 | €186,717 | +€83,209 | +80.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,679 | €29,413 | +€6,735 | +29.7% |
| Other operating charges | 640/8 | €1,472 | €50,239 | +€48,767 | +3314.1% |
| Gross operating margin | 9900 | €459,249 | €548,386 | +€89,138 | +19.4% |
| Operating profit (loss) | 9901 | €331,590 | €282,017 | -€49,573 | -14.9% |
| Financial income | 75/76B | €6,878 | €8,363 | +€1,485 | +21.6% |
| Recurring financial income | 75 | €6,878 | €8,363 | +€1,485 | +21.6% |
| Financial charges | 65/66B | €2,572 | €14,053 | +€11,481 | +446.4% |
| Recurring financial charges | 65 | €2,572 | €14,053 | +€11,481 | +446.4% |
| Profit (loss) for the period before taxes | 9903 | €335,895 | €276,327 | -€59,569 | -17.7% |
| Income taxes | 67/77 | €75,866 | €73,365 | -€2,501 | -3.3% |
| Profit (loss) for the period | 9904 | €260,029 | €202,962 | -€57,068 | -21.9% |
| Profit (loss) for the period to be appropriated | 9905 | €260,029 | €202,962 | -€57,068 | -21.9% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.