KDB.results: 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.results
Largest movements
- Receivables within one year +€108,774
up €108,774 (+191%), from €56,874 to €165,647
of which Trade receivables: +€110,513
- Cash -€52,950
down €52,950 (-31.8%), from €166,294 to €113,344
mainly Receivables within one year (-€108,774) and Contributions, distributions and other (-€43,000)
- Tangible fixed assets -€10,439
down €10,439 (-18.6%), from €55,988 to €45,549
of which Furniture and vehicles: -€7,414
- Reserves +€23,782
up €23,782 (+2.8%), from €855,883 to €879,665
- Other debts +€16,000
up €16,000 (+59.3%), from €27,000 to €43,000
- Gross operating margin -€193,443
down €193,443 (-62.2%), from €311,173 to €117,730
- Taxes -€66,359
down €66,359 (-69.8%), from €95,104 to €28,746
- Financial charges -€7,973
down €7,973 (-90.4%), from €8,820 to €847
- Financial income -€5,761
down €5,761 (-77.5%), from €7,432 to €1,671
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 | €926,497 | €968,787 | +€42,291 | +4.6% |
| Fixed assets | 21/28 | €55,988 | €45,549 | -€10,439 | -18.6% |
| Tangible fixed assets | 22/27 | €55,988 | €45,549 | -€10,439 | -18.6% |
| Furniture and vehicles | 24 | €24,485 | €17,070 | -€7,414 | -30.3% |
| Other tangible fixed assets | 26 | €31,504 | €28,479 | -€3,025 | -9.6% |
| Current assets | 29/58 | €870,508 | €923,238 | +€52,730 | +6.1% |
| Amounts receivable within one year | 40/41 | €56,874 | €165,647 | +€108,774 | +191% |
| Trade receivables | 40 | €18,922 | €129,435 | +€110,513 | +584% |
| Other amounts receivable | 41 | €37,952 | €36,212 | -€1,739 | -4.6% |
| Current investments | 50/53 | €645,388 | €642,584 | -€2,804 | -0.4% |
| Cash at bank and in hand | 54/58 | €166,294 | €113,344 | -€52,950 | -31.8% |
| Deferred charges and accrued income | 490/1 | €1,952 | €1,662 | -€290 | -14.9% |
| Total equity and liabilities | 10/49 | €926,497 | €968,787 | +€42,291 | +4.6% |
| Equity | 10/15 | €857,883 | €881,665 | +€23,782 | +2.8% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €855,883 | €879,665 | +€23,782 | +2.8% |
| Distributable reserves | 133 | €855,883 | €879,665 | +€23,782 | +2.8% |
| Amounts payable | 17/49 | €68,614 | €87,123 | +€18,509 | +27.0% |
| Amounts payable within one year | 42/48 | €68,614 | €87,123 | +€18,509 | +27.0% |
| Trade debts | 44 | €2,834 | €416 | -€2,418 | -85.3% |
| Suppliers | 440/4 | €2,834 | €416 | -€2,418 | -85.3% |
| Taxes, remuneration and social security | 45 | €38,780 | €43,707 | +€4,927 | +12.7% |
| Taxes | 450/3 | €38,780 | €43,707 | +€4,927 | +12.7% |
| Other amounts payable | 47/48 | €27,000 | €43,000 | +€16,000 | +59.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,608 | €19,798 | +€191 | +1.0% |
| Other operating charges | 640/8 | €3,415 | €3,229 | -€186 | -5.5% |
| Gross operating margin | 9900 | €311,173 | €117,730 | -€193,443 | -62.2% |
| Operating profit (loss) | 9901 | €288,150 | €94,703 | -€193,447 | -67.1% |
| Financial income | 75/76B | €7,432 | €1,671 | -€5,761 | -77.5% |
| Recurring financial income | 75 | €7,432 | €1,671 | -€5,761 | -77.5% |
| Financial charges | 65/66B | €8,820 | €847 | -€7,973 | -90.4% |
| Recurring financial charges | 65 | €8,820 | €847 | -€7,973 | -90.4% |
| Profit (loss) for the period before taxes | 9903 | €286,762 | €95,527 | -€191,235 | -66.7% |
| Income taxes | 67/77 | €95,104 | €28,746 | -€66,359 | -69.8% |
| Profit (loss) for the period | 9904 | €191,657 | €66,782 | -€124,876 | -65.2% |
| Profit (loss) for the period to be appropriated | 9905 | €191,657 | €66,782 | -€124,876 | -65.2% |
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 18 October 2026 via checked.be.