KDB & Co: 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.
KDB & Co
Largest movements
- Cash +€12,065
up €12,065 (+135.8%), from €8,883 to €20,948
mainly Trade debts (+€26,250) and Depreciation (+€14,979)
- Stocks and contracts +€9,850
up €9,850 (+34.7%), from €28,351 to €38,200
- Trade debts +€26,250
up €26,250 (+657.4%), from €3,993 to €30,243
- Debts after one year -€15,059
down €15,059 (-15.5%), from €97,049 to €81,991
of which Financial debts: -€15,059
- Profit (loss) carried forward +€10,951
up €10,951 (+6.1%), from €180,004 to €190,955
- Depreciation -€10,571
down €10,571 (-41.4%), from €25,550 to €14,979
- Gross operating margin +€2,301
up €2,301 (+6.0%), from €38,582 to €40,883
- Financial charges -€2,161
down €2,161 (-31.8%), from €6,802 to €4,640
- Taxes +€1,529
up €1,529 (+87.6%), from €1,745 to €3,273
- Staff costs -€1,205
no longer reported in 2025 (was €1,205)
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 | €383,910 | €412,404 | +€28,494 | +7.4% |
| Fixed assets | 21/28 | €344,100 | €347,449 | +€3,349 | +1.0% |
| Tangible fixed assets | 22/27 | €344,100 | €347,449 | +€3,349 | +1.0% |
| Land and buildings | 22 | €308,261 | €299,929 | -€8,332 | -2.7% |
| Plant, machinery and equipment | 23 | €3,274 | €1,762 | -€1,511 | -46.2% |
| Furniture and vehicles | 24 | €32,565 | €45,758 | +€13,192 | +40.5% |
| Current assets | 29/58 | €39,810 | €64,955 | +€25,145 | +63.2% |
| Stocks and contracts in progress | 3 | €28,351 | €38,200 | +€9,850 | +34.7% |
| Stocks | 30/36 | €28,351 | €38,200 | +€9,850 | +34.7% |
| Amounts receivable within one year | 40/41 | €2,576 | €2,464 | -€112 | -4.3% |
| Other amounts receivable | 41 | €2,576 | €2,464 | -€112 | -4.3% |
| Cash at bank and in hand | 54/58 | €8,883 | €20,948 | +€12,065 | +135.8% |
| Deferred charges and accrued income | 490/1 | - | €3,342 | +€3,342 | |
| Total equity and liabilities | 10/49 | €383,910 | €412,404 | +€28,494 | +7.4% |
| Equity | 10/15 | €200,712 | €211,663 | +€10,951 | +5.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €8,308 | €8,308 | = | 0.0% |
| Non-distributable reserves | 130/1 | €8,308 | €8,308 | = | 0.0% |
| Reserves not available under the articles | 1311 | €8,308 | €8,308 | = | 0.0% |
| Profit (loss) carried forward | 14 | €180,004 | €190,955 | +€10,951 | +6.1% |
| Amounts payable | 17/49 | €183,198 | €200,741 | +€17,543 | +9.6% |
| Amounts payable after more than one year | 17 | €97,049 | €81,991 | -€15,059 | -15.5% |
| Financial debts | 170/4 | €91,304 | €76,246 | -€15,059 | -16.5% |
| Other amounts payable | 178/9 | €5,745 | €5,745 | = | 0.0% |
| Amounts payable within one year | 42/48 | €86,149 | €118,750 | +€32,601 | +37.8% |
| Current portion of amounts payable after more than one year | 42 | €33,321 | €34,375 | +€1,054 | +3.2% |
| Trade debts | 44 | €3,993 | €30,243 | +€26,250 | +657.4% |
| Suppliers | 440/4 | €3,993 | €30,243 | +€26,250 | +657.4% |
| Taxes, remuneration and social security | 45 | €2,753 | €4,330 | +€1,577 | +57.3% |
| Taxes | 450/3 | €2,445 | €4,148 | +€1,704 | +69.7% |
| Remuneration and social security | 454/9 | €308 | €182 | -€126 | -41.0% |
| Other amounts payable | 47/48 | €46,083 | €49,802 | +€3,720 | +8.1% |
| Remuneration, social security and pensions | 62 | €1,205 | - | -€1,205 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,550 | €14,979 | -€10,571 | -41.4% |
| Other operating charges | 640/8 | €5,681 | €6,418 | +€737 | +13.0% |
| Non-recurring operating charges | 66A | - | €727 | +€727 | |
| Gross operating margin | 9900 | €38,582 | €40,883 | +€2,301 | +6.0% |
| Operating profit (loss) | 9901 | €6,146 | €18,759 | +€12,613 | +205.2% |
| Financial income | 75/76B | €0 | €106 | +€106 | +211640.0% |
| Recurring financial income | 75 | €0 | €106 | +€106 | +211640.0% |
| Financial charges | 65/66B | €6,802 | €4,640 | -€2,161 | -31.8% |
| Recurring financial charges | 65 | €6,802 | €4,640 | -€2,161 | -31.8% |
| Profit (loss) for the period before taxes | 9903 | -€656 | €14,224 | +€14,880 | |
| Income taxes | 67/77 | €1,745 | €3,273 | +€1,529 | +87.6% |
| Profit (loss) for the period | 9904 | -€2,401 | €10,951 | +€13,352 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,401 | €10,951 | +€13,352 |
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.