KDB Partners: 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 Partners
Largest movements
- Receivables within one year +€55,686
up €55,686 (+1013.0%), from €5,497 to €61,183
of which Other amounts receivable: +€46,162
- Cash +€9,965
up €9,965 (+11.5%), from €86,315 to €96,280
mainly Net result for the year (+€38,285) and Accrued charges and deferred income (+€12,500)
- Profit (loss) carried forward +€38,285
up €38,285 (+71.2%), from -€53,736 to -€15,451
- Accrued charges and deferred income +€12,500
new in 2025: €12,500
- Tax, wage and social debts +€10,397
up €10,397 (+253.7%), from €4,099 to €14,496
- Trade debts +€9,517
up €9,517 (+270.1%), from €3,524 to €13,041
- Other debts -€3,752
no longer reported in 2025 (was €3,752)
- Purchases and services +€56,154
up €56,154 (+114.3%), from €49,126 to €105,280
- Turnover +€45,318
up €45,318 (+42.1%), from €107,688 to €153,006
- Taxes +€13,009
new in 2025: €13,009
- Gross operating margin -€9,624
down €9,624 (-15.7%), from €61,124 to €51,500
- Financial charges -€7,705
down €7,705 (-97.9%), from €7,870 to €165
of which Non-recurring financial charges: -€7,552
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 | €92,276 | €159,223 | +€66,947 | +72.6% |
| Fixed assets | 21/28 | €462 | €1,555 | +€1,093 | +236.8% |
| Tangible fixed assets | 22/27 | €462 | €1,555 | +€1,093 | +236.8% |
| Furniture and vehicles | 24 | €462 | €1,555 | +€1,093 | +236.8% |
| Current assets | 29/58 | €91,814 | €157,668 | +€65,854 | +71.7% |
| Amounts receivable within one year | 40/41 | €5,497 | €61,183 | +€55,686 | +1013.0% |
| Trade receivables | 40 | €3,616 | €13,140 | +€9,524 | +263.4% |
| Other amounts receivable | 41 | €1,881 | €48,043 | +€46,162 | +2453.9% |
| Cash at bank and in hand | 54/58 | €86,315 | €96,280 | +€9,965 | +11.5% |
| Deferred charges and accrued income | 490/1 | €2 | €205 | +€203 | +12018.3% |
| Total equity and liabilities | 10/49 | €92,276 | €159,223 | +€66,947 | +72.6% |
| Equity | 10/15 | €80,901 | €119,186 | +€38,285 | +47.3% |
| Contributions | 10/11 | €88,614 | €88,614 | = | 0.0% |
| Reserves | 13 | €46,023 | €46,023 | = | 0.0% |
| Non-distributable reserves | 130/1 | €190 | €190 | = | 0.0% |
| Reserves not available under the articles | 1311 | €190 | €190 | = | 0.0% |
| Distributable reserves | 133 | €45,833 | €45,833 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€53,736 | -€15,451 | +€38,285 | +71.2% |
| Amounts payable | 17/49 | €11,374 | €40,037 | +€28,663 | +252.0% |
| Amounts payable within one year | 42/48 | €11,374 | €27,537 | +€16,163 | +142.1% |
| Trade debts | 44 | €3,524 | €13,041 | +€9,517 | +270.1% |
| Suppliers | 440/4 | €3,524 | €13,041 | +€9,517 | +270.1% |
| Taxes, remuneration and social security | 45 | €4,099 | €14,496 | +€10,397 | +253.7% |
| Taxes | 450/3 | €4,099 | €14,496 | +€10,397 | +253.7% |
| Other amounts payable | 47/48 | €3,752 | - | -€3,752 | |
| Accrued charges and deferred income | 492/3 | - | €12,500 | +€12,500 | |
| Turnover | 70 | €107,688 | €153,006 | +€45,318 | +42.1% |
| Goods, raw materials, services and sundry goods | 60/61 | €49,126 | €105,280 | +€56,154 | +114.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €833 | €923 | +€91 | +10.9% |
| Other operating charges | 640/8 | €177 | €400 | +€222 | +125.4% |
| Gross operating margin | 9900 | €61,124 | €51,500 | -€9,624 | -15.7% |
| Operating profit (loss) | 9901 | €60,114 | €50,177 | -€9,937 | -16.5% |
| Financial income | 75/76B | €546 | €1,282 | +€737 | +135.0% |
| Recurring financial income | 75 | €546 | €1,282 | +€737 | +135.0% |
| Financial charges | 65/66B | €7,870 | €165 | -€7,705 | -97.9% |
| Recurring financial charges | 65 | €318 | €165 | -€153 | -48.0% |
| Non-recurring financial charges | 66B | €7,552 | - | -€7,552 | |
| Profit (loss) for the period before taxes | 9903 | €52,790 | €51,294 | -€1,496 | -2.8% |
| Income taxes | 67/77 | - | €13,009 | +€13,009 | |
| Profit (loss) for the period | 9904 | €52,790 | €38,285 | -€14,505 | -27.5% |
| Profit (loss) for the period to be appropriated | 9905 | €52,790 | €38,285 | -€14,505 | -27.5% |
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 6 October 2026 via checked.be.