KDB Handling Projects: 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.
KDB Handling Projects
Largest movements
- Cash -€98,137
down €98,137 (-60.5%), from €162,335 to €64,198
mainly Contributions, distributions and other (-€160,000) and Current investments (-€73,901)
- Current investments +€73,901
up €73,901 (+6722.6%), from €1,099 to €75,000
- Receivables within one year +€5,396
up €5,396 (+390.3%), from €1,383 to €6,778
of which Trade receivables: +€4,347
- Other debts +€53,016
up €53,016 (+72.6%), from €72,978 to €125,994
- Reserves -€42,549
down €42,549 (-13.6%), from €312,174 to €269,624
- Current portion of long-term debt -€23,752
no longer reported in 2025 (was €23,752)
- Tax, wage and social debts +€5,541
up €5,541 (+50.0%), from €11,088 to €16,630
of which Taxes: +€7,359
- Gross operating margin +€81,747
up €81,747 (+107.5%), from €76,079 to €157,826
- Financial income -€47,040
down €47,040 (-98.2%), from €47,887 to €847
of which Non-recurring financial income: -€47,500
- Taxes +€25,421
up €25,421 (+216.1%), from €11,761 to €37,182
- Financial charges -€4,405
down €4,405 (-77.6%), from €5,675 to €1,270
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 | €449,219 | €434,325 | -€14,894 | -3.3% |
| Fixed assets | 21/28 | €284,350 | €288,349 | +€3,999 | +1.4% |
| Tangible fixed assets | 22/27 | €3,100 | €7,099 | +€3,999 | +129.0% |
| Furniture and vehicles | 24 | €3,100 | €7,099 | +€3,999 | +129.0% |
| Financial fixed assets | 28 | €281,250 | €281,250 | = | 0.0% |
| Current assets | 29/58 | €164,869 | €145,977 | -€18,893 | -11.5% |
| Amounts receivable within one year | 40/41 | €1,383 | €6,778 | +€5,396 | +390.3% |
| Trade receivables | 40 | €1,383 | €5,730 | +€4,347 | +314.5% |
| Other amounts receivable | 41 | - | €1,048 | +€1,048 | |
| Current investments | 50/53 | €1,099 | €75,000 | +€73,901 | +6722.6% |
| Cash at bank and in hand | 54/58 | €162,335 | €64,198 | -€98,137 | -60.5% |
| Deferred charges and accrued income | 490/1 | €53 | - | -€53 | |
| Total equity and liabilities | 10/49 | €449,219 | €434,325 | -€14,894 | -3.3% |
| Equity | 10/15 | €330,774 | €288,224 | -€42,549 | -12.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €312,174 | €269,624 | -€42,549 | -13.6% |
| Distributable reserves | 133 | €312,174 | €269,624 | -€42,549 | -13.6% |
| Amounts payable | 17/49 | €118,445 | €146,101 | +€27,656 | +23.3% |
| Amounts payable within one year | 42/48 | €115,851 | €146,101 | +€30,250 | +26.1% |
| Current portion of amounts payable after more than one year | 42 | €23,752 | - | -€23,752 | |
| Financial debts | 43 | €4,280 | €3,372 | -€908 | -21.2% |
| Credit institutions | 430/8 | €4,280 | €3,372 | -€908 | -21.2% |
| Trade debts | 44 | €3,752 | €106 | -€3,647 | -97.2% |
| Suppliers | 440/4 | €3,752 | €106 | -€3,647 | -97.2% |
| Taxes, remuneration and social security | 45 | €11,088 | €16,630 | +€5,541 | +50.0% |
| Taxes | 450/3 | €7,716 | €15,075 | +€7,359 | +95.4% |
| Remuneration and social security | 454/9 | €3,372 | €1,554 | -€1,818 | -53.9% |
| Other amounts payable | 47/48 | €72,978 | €125,994 | +€53,016 | +72.6% |
| Accrued charges and deferred income | 492/3 | €2,594 | - | -€2,594 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €618 | €1,971 | +€1,353 | +219.1% |
| Other operating charges | 640/8 | €1,062 | €799 | -€263 | -24.7% |
| Non-recurring operating charges | 66A | €15,356 | - | -€15,356 | |
| Gross operating margin | 9900 | €76,079 | €157,826 | +€81,747 | +107.5% |
| Operating profit (loss) | 9901 | €59,043 | €155,056 | +€96,013 | +162.6% |
| Financial income | 75/76B | €47,887 | €847 | -€47,040 | -98.2% |
| Recurring financial income | 75 | €387 | €847 | +€460 | +119.0% |
| Non-recurring financial income | 76B | €47,500 | - | -€47,500 | |
| Financial charges | 65/66B | €5,675 | €1,270 | -€4,405 | -77.6% |
| Recurring financial charges | 65 | €5,675 | €1,270 | -€4,405 | -77.6% |
| Profit (loss) for the period before taxes | 9903 | €101,255 | €154,633 | +€53,378 | +52.7% |
| Income taxes | 67/77 | €11,761 | €37,182 | +€25,421 | +216.1% |
| Profit (loss) for the period | 9904 | €89,493 | €117,451 | +€27,957 | +31.2% |
| Profit (loss) for the period to be appropriated | 9905 | €89,493 | €117,451 | +€27,957 | +31.2% |
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 8 October 2026 via checked.be.