KDC Conseil: what changed
KDC Conseil
Largest movements
- Receivables within one year -€104,036
down €104,036 (-50.2%), from €207,354 to €103,318
of which Trade receivables: -€86,471
- Cash -€55,451
no longer reported in 2025 (was €55,451)
mainly Trade debts (-€48,483) and Net result for the year (-€44,690)
- Tangible fixed assets +€33,997
up €33,997 (+3,083%), from €1,103 to €35,099
- Trade debts -€48,483
down €48,483 (-47.0%), from €103,076 to €54,593
- Profit (loss) carried forward -€44,690
down €44,690, from €67 to -€44,623
- Other debts -€37,555
down €37,555 (-74.9%), from €50,107 to €12,552
- Tax, wage and social debts +€18,332
up €18,332 (+104%), from €17,663 to €35,995
of which Remuneration and social security: +€13,763
- Accrued charges and deferred income -€8,402
no longer reported in 2025 (was €8,402)
- Gross operating margin -€120,726
down €120,726 (-69.5%), from €173,718 to €52,992
- Staff costs -€73,754
down €73,754 (-44.9%), from €164,261 to €90,507
- Taxes -€5,032
down €5,032, from €4,459 to -€573
- Depreciation +€2,839
up €2,839 (+171%), from €1,656 to €4,495
- Financial charges +€1,746
up €1,746 (+470%), from €372 to €2,118
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €266,681 | €138,635 | -€128,046 | -48.0% |
| Fixed assets | 21/28 | €1,292 | €35,099 | +€33,808 | +2,617% |
| Tangible fixed assets | 22/27 | €1,103 | €35,099 | +€33,997 | +3,083% |
| Furniture and vehicles | 24 | €1,103 | €35,099 | +€33,997 | +3,083% |
| Financial fixed assets | 28 | €189 | - | -€189 | |
| Current assets | 29/58 | €265,389 | €103,536 | -€161,853 | -61.0% |
| Amounts receivable within one year | 40/41 | €207,354 | €103,318 | -€104,036 | -50.2% |
| Trade receivables | 40 | €187,996 | €101,525 | -€86,471 | -46.0% |
| Other amounts receivable | 41 | €19,358 | €1,793 | -€17,565 | -90.7% |
| Cash at bank and in hand | 54/58 | €55,451 | - | -€55,451 | |
| Deferred charges and accrued income | 490/1 | €2,584 | €218 | -€2,366 | -91.6% |
| Total equity and liabilities | 10/49 | €266,681 | €138,635 | -€128,046 | -48.0% |
| Equity | 10/15 | €54,123 | €9,434 | -€44,690 | -82.6% |
| Contributions | 10/11 | €45,742 | €45,742 | = | 0.0% |
| Reserves | 13 | €8,314 | €8,314 | = | 0.0% |
| Distributable reserves | 133 | €8,314 | €8,314 | = | 0.0% |
| Profit (loss) carried forward | 14 | €67 | -€44,623 | -€44,690 | |
| Amounts payable | 17/49 | €212,558 | €129,202 | -€83,356 | -39.2% |
| Amounts payable after more than one year | 17 | €25,407 | €17,228 | -€8,179 | -32.2% |
| Financial debts | 170/4 | €25,407 | €17,228 | -€8,179 | -32.2% |
| Amounts payable within one year | 42/48 | €178,748 | €111,974 | -€66,775 | -37.4% |
| Current portion of amounts payable after more than one year | 42 | €7,903 | €8,834 | +€931 | +11.8% |
| Trade debts | 44 | €103,076 | €54,593 | -€48,483 | -47.0% |
| Suppliers | 440/4 | €103,076 | €54,593 | -€48,483 | -47.0% |
| Taxes, remuneration and social security | 45 | €17,663 | €35,995 | +€18,332 | +104% |
| Taxes | 450/3 | €4,409 | €8,977 | +€4,569 | +104% |
| Remuneration and social security | 454/9 | €13,254 | €27,017 | +€13,763 | +104% |
| Other amounts payable | 47/48 | €50,107 | €12,552 | -€37,555 | -74.9% |
| Accrued charges and deferred income | 492/3 | €8,402 | - | -€8,402 | |
| Remuneration, social security and pensions | 62 | €164,261 | €90,507 | -€73,754 | -44.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,656 | €4,495 | +€2,839 | +171% |
| Other operating charges | 640/8 | €387 | €1,135 | +€747 | +193% |
| Gross operating margin | 9900 | €173,718 | €52,992 | -€120,726 | -69.5% |
| Operating profit (loss) | 9901 | €7,413 | -€43,145 | -€50,558 | |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €372 | €2,118 | +€1,746 | +470% |
| Recurring financial charges | 65 | €372 | €2,118 | +€1,746 | +470% |
| Profit (loss) for the period before taxes | 9903 | €7,041 | -€45,263 | -€52,304 | |
| Income taxes | 67/77 | €4,459 | -€573 | -€5,032 | |
| Profit (loss) for the period | 9904 | €2,582 | -€44,690 | -€47,272 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,582 | -€44,690 | -€47,272 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.