KDB EXPLOITATIONS: 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 EXPLOITATIONS
Largest movements
- Intangible fixed assets -€28,311
down €28,311 (-12.5%), from €226,486 to €198,175
- Tangible fixed assets -€19,000
down €19,000 (-23.8%), from €79,777 to €60,777
of which Other tangible fixed assets: -€9,713
- Cash +€7,671
up €7,671 (+101%), from €7,582 to €15,253
mainly Other debts (+€97,025) and Depreciation (+€50,108)
- Other debts +€97,025
up €97,025 (+11.9%), from €814,861 to €911,886
- Profit (loss) carried forward -€61,385
down €61,385 (-5.0%), from -€1.2m to -€1.3m
- Trade debts -€40,954
down €40,954 (-23.1%), from €176,922 to €135,968
- Reserves -€28,311
down €28,311 (-5.0%), from €565,478 to €537,167
of which Tax-exempt reserves: -€28,311
- Gross operating margin +€409,527
up €409,527, from -€76,329 to €333,198
- Staff costs +€74,835
up €74,835 (+26.2%), from €285,475 to €360,310
- Other operating charges +€24,297
up €24,297 (+502%), from €4,842 to €29,139
- Write-downs -€13,065
new in 2025: -€13,065
- Depreciation -€12,080
down €12,080 (-19.4%), from €62,188 to €50,108
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.
Derived cash bridge
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 | €446,976 | €415,806 | -€31,170 | -7.0% |
| Fixed assets | 21/28 | €416,263 | €368,952 | -€47,311 | -11.4% |
| Intangible fixed assets | 21 | €226,486 | €198,175 | -€28,311 | -12.5% |
| Tangible fixed assets | 22/27 | €79,777 | €60,777 | -€19,000 | -23.8% |
| Land and buildings | 22 | €953 | - | -€953 | |
| Plant, machinery and equipment | 23 | €29,065 | €22,634 | -€6,431 | -22.1% |
| Furniture and vehicles | 24 | €6,067 | €4,164 | -€1,903 | -31.4% |
| Other tangible fixed assets | 26 | €43,692 | €33,979 | -€9,713 | -22.2% |
| Financial fixed assets | 28 | €110,000 | €110,000 | = | 0.0% |
| Current assets | 29/58 | €30,713 | €46,854 | +€16,141 | +52.6% |
| Stocks and contracts in progress | 3 | €17,603 | €21,702 | +€4,099 | +23.3% |
| Stocks | 30/36 | €17,603 | €21,702 | +€4,099 | +23.3% |
| Amounts receivable within one year | 40/41 | €5,528 | €9,899 | +€4,371 | +79.1% |
| Trade receivables | 40 | €5,528 | €9,899 | +€4,371 | +79.1% |
| Cash at bank and in hand | 54/58 | €7,582 | €15,253 | +€7,671 | +101% |
| Total equity and liabilities | 10/49 | €446,976 | €415,806 | -€31,170 | -7.0% |
| Equity | 10/15 | -€591,505 | -€681,201 | -€89,696 | -15.2% |
| Contributions | 10/11 | €80,000 | €80,000 | = | 0.0% |
| Capital | 10 | €80,000 | €80,000 | = | 0.0% |
| Issued capital | 100 | €80,000 | €80,000 | = | 0.0% |
| Reserves | 13 | €565,478 | €537,167 | -€28,311 | -5.0% |
| Non-distributable reserves | 130/1 | €8,057 | €8,057 | = | 0.0% |
| Legal reserve | 130 | €8,057 | €8,057 | = | 0.0% |
| Tax-exempt reserves | 132 | €237,421 | €209,110 | -€28,311 | -11.9% |
| Distributable reserves | 133 | €320,000 | €320,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,236,983 | -€1,298,368 | -€61,385 | -5.0% |
| Amounts payable | 17/49 | €1,038,481 | €1,097,007 | +€58,526 | +5.6% |
| Amounts payable within one year | 42/48 | €1,038,481 | €1,097,007 | +€58,526 | +5.6% |
| Trade debts | 44 | €176,922 | €135,968 | -€40,954 | -23.1% |
| Suppliers | 440/4 | €176,922 | €135,968 | -€40,954 | -23.1% |
| Advances received on contracts in progress | 46 | - | €3,171 | +€3,171 | |
| Taxes, remuneration and social security | 45 | €46,698 | €45,982 | -€716 | -1.5% |
| Taxes | 450/3 | €16,515 | €14,555 | -€1,960 | -11.9% |
| Remuneration and social security | 454/9 | €30,183 | €31,427 | +€1,244 | +4.1% |
| Other amounts payable | 47/48 | €814,861 | €911,886 | +€97,025 | +11.9% |
| Non-recurring operating income | 76A | €2,800 | - | -€2,800 | |
| Remuneration, social security and pensions | 62 | €285,475 | €360,310 | +€74,835 | +26.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €62,188 | €50,108 | -€12,080 | -19.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€13,065 | -€13,065 | |
| Other operating charges | 640/8 | €4,842 | €29,139 | +€24,297 | +502% |
| Non-recurring operating charges | 66A | €522 | €797 | +€275 | +52.7% |
| Gross operating margin | 9900 | -€76,329 | €333,198 | +€409,527 | |
| Operating profit (loss) | 9901 | -€429,356 | -€94,091 | +€335,265 | +78.1% |
| Financial income | 75/76B | €80 | €4,403 | +€4,323 | +5,404% |
| Recurring financial income | 75 | €80 | €4,403 | +€4,323 | +5,404% |
| Financial charges | 65/66B | €392 | €8 | -€384 | -98.0% |
| Recurring financial charges | 65 | €392 | €8 | -€384 | -98.0% |
| Profit (loss) for the period before taxes | 9903 | -€429,668 | -€89,696 | +€339,972 | +79.1% |
| Profit (loss) for the period | 9904 | -€429,668 | -€89,696 | +€339,972 | +79.1% |
| Transfer from tax-exempt reserves | 789 | €28,311 | €28,311 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€401,357 | -€61,385 | +€339,972 | +84.7% |
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 24 October 2026 via checked.be.