KD TOIT: 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 TOIT
Largest movements
- Receivables within one year +€84,818
up €84,818 (+152.2%), from €55,726 to €140,544
of which Trade receivables: +€70,097
- Cash -€30,741
down €30,741 (-60.5%), from €50,834 to €20,093
mainly Receivables within one year (-€84,818) and Tax, wage and social debts (-€19,474)
- Reserves +€45,000
up €45,000 (+64.3%), from €70,000 to €115,000
- Short-term financial debts +€23,668
new in 2025: €23,668
- Tax, wage and social debts -€19,474
down €19,474 (-79.7%), from €24,432 to €4,958
of which Taxes: -€16,428
- Trade debts +€4,020
up €4,020 (+54.5%), from €7,372 to €11,392
- Advances received +€3,104
new in 2025: €3,104
- Staff costs +€31,628
up €31,628 (+140.9%), from €22,448 to €54,076
- Gross operating margin +€19,102
up €19,102 (+18.1%), from €105,369 to €124,471
- Other operating charges +€3,656
up €3,656 (+374.7%), from €976 to €4,631
- Taxes +€1,481
up €1,481 (+9.2%), from €16,038 to €17,519
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 | €109,180 | €164,359 | +€55,179 | +50.5% |
| Fixed assets | 21/28 | €1,757 | €2,629 | +€872 | +49.6% |
| Tangible fixed assets | 22/27 | €1,757 | €2,629 | +€872 | +49.6% |
| Plant, machinery and equipment | 23 | €444 | €139 | -€305 | -68.7% |
| Furniture and vehicles | 24 | €1,313 | €2,490 | +€1,177 | +89.7% |
| Current assets | 29/58 | €107,423 | €161,730 | +€54,306 | +50.6% |
| Amounts receivable within one year | 40/41 | €55,726 | €140,544 | +€84,818 | +152.2% |
| Trade receivables | 40 | €54,685 | €124,782 | +€70,097 | +128.2% |
| Other amounts receivable | 41 | €1,041 | €15,762 | +€14,721 | +1414.3% |
| Cash at bank and in hand | 54/58 | €50,834 | €20,093 | -€30,741 | -60.5% |
| Deferred charges and accrued income | 490/1 | €863 | €1,092 | +€230 | +26.6% |
| Total equity and liabilities | 10/49 | €109,180 | €164,359 | +€55,179 | +50.5% |
| Equity | 10/15 | €75,045 | €120,259 | +€45,214 | +60.2% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €70,000 | €115,000 | +€45,000 | +64.3% |
| Distributable reserves | 133 | €70,000 | €115,000 | +€45,000 | +64.3% |
| Profit (loss) carried forward | 14 | €1,045 | €1,259 | +€214 | +20.5% |
| Amounts payable | 17/49 | €34,135 | €44,099 | +€9,964 | +29.2% |
| Amounts payable within one year | 42/48 | €34,135 | €44,099 | +€9,964 | +29.2% |
| Financial debts | 43 | - | €23,668 | +€23,668 | |
| Credit institutions | 430/8 | - | €23,668 | +€23,668 | |
| Trade debts | 44 | €7,372 | €11,392 | +€4,020 | +54.5% |
| Suppliers | 440/4 | €7,372 | €11,392 | +€4,020 | +54.5% |
| Advances received on contracts in progress | 46 | - | €3,104 | +€3,104 | |
| Taxes, remuneration and social security | 45 | €24,432 | €4,958 | -€19,474 | -79.7% |
| Taxes | 450/3 | €16,775 | €347 | -€16,428 | -97.9% |
| Remuneration and social security | 454/9 | €7,657 | €4,612 | -€3,046 | -39.8% |
| Other amounts payable | 47/48 | €2,331 | €977 | -€1,354 | -58.1% |
| Remuneration, social security and pensions | 62 | €22,448 | €54,076 | +€31,628 | +140.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,593 | €1,066 | -€527 | -33.1% |
| Other operating charges | 640/8 | €976 | €4,631 | +€3,656 | +374.7% |
| Gross operating margin | 9900 | €105,369 | €124,471 | +€19,102 | +18.1% |
| Operating profit (loss) | 9901 | €80,352 | €64,697 | -€15,655 | -19.5% |
| Financial income | 75/76B | €46 | €125 | +€79 | +170.0% |
| Recurring financial income | 75 | €46 | €125 | +€79 | +170.0% |
| Financial charges | 65/66B | €1,710 | €2,089 | +€380 | +22.2% |
| Recurring financial charges | 65 | €1,710 | €2,089 | +€380 | +22.2% |
| Profit (loss) for the period before taxes | 9903 | €78,689 | €62,733 | -€15,955 | -20.3% |
| Income taxes | 67/77 | €16,038 | €17,519 | +€1,481 | +9.2% |
| Profit (loss) for the period | 9904 | €62,651 | €45,214 | -€17,437 | -27.8% |
| Profit (loss) for the period to be appropriated | 9905 | €62,651 | €45,214 | -€17,437 | -27.8% |
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 11 October 2026 via checked.be.