KDB FINADVICE: 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 FINADVICE
Largest movements
- Cash +€95,483
up €95,483 (+148%), from €64,525 to €160,008
mainly Net result for the year (+€126,090) and Depreciation (+€2,536)
- Current investments +€29,556
new in 2025: €29,556
- Profit (loss) carried forward +€125,090
up €125,090 (+198%), from €63,184 to €188,274
- Financial income +€45,277
up €45,277 (+66,165%), from €68 to €45,345
- Gross operating margin +€23,580
up €23,580 (+27.7%), from €85,175 to €108,755
- Taxes +€5,895
up €5,895 (+33.3%), from €17,721 to €23,616
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 | €79,570 | €205,187 | +€125,617 | +158% |
| Fixed assets | 21/28 | €12,695 | €13,747 | +€1,052 | +8.3% |
| Tangible fixed assets | 22/27 | €8,045 | €9,097 | +€1,052 | +13.1% |
| Furniture and vehicles | 24 | €8,045 | €9,097 | +€1,052 | +13.1% |
| Financial fixed assets | 28 | €4,650 | €4,650 | = | 0.0% |
| Current assets | 29/58 | €66,875 | €191,440 | +€124,565 | +186% |
| Amounts receivable within one year | 40/41 | €2,350 | €1,875 | -€475 | -20.2% |
| Other amounts receivable | 41 | €2,350 | €1,875 | -€475 | -20.2% |
| Current investments | 50/53 | - | €29,556 | +€29,556 | |
| Cash at bank and in hand | 54/58 | €64,525 | €160,008 | +€95,483 | +148% |
| Total equity and liabilities | 10/49 | €79,570 | €205,187 | +€125,617 | +158% |
| Equity | 10/15 | €73,184 | €198,274 | +€125,090 | +171% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €63,184 | €188,274 | +€125,090 | +198% |
| Amounts payable | 17/49 | €6,386 | €6,913 | +€527 | +8.2% |
| Amounts payable within one year | 42/48 | €6,386 | €6,913 | +€527 | +8.2% |
| Trade debts | 44 | €2,447 | €2,264 | -€182 | -7.4% |
| Suppliers | 440/4 | €2,447 | €2,264 | -€182 | -7.4% |
| Taxes, remuneration and social security | 45 | €160 | €160 | = | 0.0% |
| Remuneration and social security | 454/9 | €160 | €160 | = | 0.0% |
| Other amounts payable | 47/48 | €3,779 | €4,488 | +€709 | +18.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,054 | €2,536 | +€482 | +23.4% |
| Gross operating margin | 9900 | €85,175 | €108,755 | +€23,580 | +27.7% |
| Operating profit (loss) | 9901 | €83,121 | €106,220 | +€23,099 | +27.8% |
| Financial income | 75/76B | €68 | €45,345 | +€45,277 | +66,165% |
| Recurring financial income | 75 | €68 | €45,345 | +€45,277 | +66,165% |
| Financial charges | 65/66B | €1,284 | €1,860 | +€575 | +44.8% |
| Recurring financial charges | 65 | €1,284 | €1,860 | +€575 | +44.8% |
| Profit (loss) for the period before taxes | 9903 | €81,905 | €149,706 | +€67,801 | +82.8% |
| Income taxes | 67/77 | €17,721 | €23,616 | +€5,895 | +33.3% |
| Profit (loss) for the period | 9904 | €64,184 | €126,090 | +€61,906 | +96.4% |
| Profit (loss) for the period to be appropriated | 9905 | €64,184 | €126,090 | +€61,906 | +96.4% |
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 23 October 2026 via checked.be.