KDAK: 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.
KDAK
Largest movements
- Receivables within one year -€11,670
down €11,670 (-95.9%), from €12,165 to €495
of which Trade receivables: -€10,000
- Cash +€10,366
up €10,366 (+399.6%), from €2,594 to €12,960
mainly Receivables within one year (+€11,670) and Depreciation (+€4,735)
- Tangible fixed assets -€3,674
down €3,674 (-32.1%), from €11,454 to €7,780
of which Furniture and vehicles: -€3,136
- Deferred charges and accrued income +€556
up €556 (+500.9%), from €111 to €667
- Profit (loss) carried forward -€3,630
down €3,630 (-17.7%), from -€20,495 to -€24,125
- Tax, wage and social debts -€1,500
down €1,500 (-37.5%), from €4,000 to €2,500
of which Remuneration and social security: -€2,000
- Trade debts +€763
new in 2025: €763
- Accrued charges and deferred income -€300
no longer reported in 2025 (was €300)
- Gross operating margin -€11,089
down €11,089 (-84.1%), from €13,193 to €2,104
- Depreciation +€945
up €945 (+24.9%), from €3,790 to €4,735
- Taxes +€845
new in 2025: €845
- Other operating charges -€418
down €418 (-78.9%), from €530 to €112
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 | €26,324 | €21,902 | -€4,422 | -16.8% |
| Fixed assets | 21/28 | €11,454 | €7,780 | -€3,674 | -32.1% |
| Tangible fixed assets | 22/27 | €11,454 | €7,780 | -€3,674 | -32.1% |
| Plant, machinery and equipment | 23 | €1,700 | €1,162 | -€538 | -31.6% |
| Furniture and vehicles | 24 | €9,754 | €6,618 | -€3,136 | -32.2% |
| Current assets | 29/58 | €14,870 | €14,122 | -€748 | -5.0% |
| Amounts receivable within one year | 40/41 | €12,165 | €495 | -€11,670 | -95.9% |
| Trade receivables | 40 | €10,000 | - | -€10,000 | |
| Other amounts receivable | 41 | €2,165 | €495 | -€1,670 | -77.1% |
| Cash at bank and in hand | 54/58 | €2,594 | €12,960 | +€10,366 | +399.6% |
| Deferred charges and accrued income | 490/1 | €111 | €667 | +€556 | +500.9% |
| Total equity and liabilities | 10/49 | €26,324 | €21,902 | -€4,422 | -16.8% |
| Equity | 10/15 | €20,017 | €16,387 | -€3,630 | -18.1% |
| Contributions | 10/11 | €26,029 | €26,029 | = | 0.0% |
| Reserves | 13 | €14,483 | €14,483 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,088 | - | -€2,088 | |
| Reserves not available under the articles | 1311 | €2,088 | - | -€2,088 | |
| Distributable reserves | 133 | €12,395 | €14,483 | +€2,088 | +16.8% |
| Profit (loss) carried forward | 14 | -€20,495 | -€24,125 | -€3,630 | -17.7% |
| Amounts payable | 17/49 | €6,307 | €5,515 | -€792 | -12.6% |
| Amounts payable within one year | 42/48 | €6,007 | €5,515 | -€492 | -8.2% |
| Trade debts | 44 | - | €763 | +€763 | |
| Suppliers | 440/4 | - | €763 | +€763 | |
| Taxes, remuneration and social security | 45 | €4,000 | €2,500 | -€1,500 | -37.5% |
| Taxes | 450/3 | €2,000 | €2,500 | +€500 | +25.0% |
| Remuneration and social security | 454/9 | €2,000 | - | -€2,000 | |
| Other amounts payable | 47/48 | €2,007 | €2,252 | +€245 | +12.2% |
| Accrued charges and deferred income | 492/3 | €300 | - | -€300 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,790 | €4,735 | +€945 | +24.9% |
| Other operating charges | 640/8 | €530 | €112 | -€418 | -78.9% |
| Gross operating margin | 9900 | €13,193 | €2,104 | -€11,089 | -84.1% |
| Operating profit (loss) | 9901 | €8,873 | -€2,743 | -€11,616 | |
| Financial charges | 65/66B | €39 | €42 | +€3 | +7.7% |
| Recurring financial charges | 65 | €39 | €42 | +€3 | +7.7% |
| Profit (loss) for the period before taxes | 9903 | €8,834 | -€2,785 | -€11,619 | |
| Income taxes | 67/77 | - | €845 | +€845 | |
| Profit (loss) for the period | 9904 | €8,834 | -€3,630 | -€12,464 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,834 | -€3,630 | -€12,464 |
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 3 October 2026 via checked.be.