KDC GROUP: 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.
KDC GROUP
Largest movements
- Cash -€67,065
down €67,065 (-57.4%), from €116,785 to €49,720
mainly Net result for the year (-€37,271) and Debts after one year (-€27,323)
- Tangible fixed assets -€25,722
down €25,722 (-3.6%), from €705,914 to €680,192
of which Land and buildings: -€22,483
- Profit (loss) carried forward -€37,271
down €37,271 (-8.9%), from €419,190 to €381,919
- Debts after one year -€27,323
down €27,323 (-9.6%), from €284,758 to €257,435
- Current portion of long-term debt -€26,262
down €26,262 (-40.2%), from €65,379 to €39,117
- Gross operating margin -€208,652
down €208,652 (-51.5%), from €405,276 to €196,624
- Other operating charges -€115,648
down €115,648 (-67.9%), from €170,237 to €54,590
- Staff costs +€19,614
up €19,614 (+16.3%), from €120,635 to €140,249
- Taxes -€16,548
down €16,548 (-97.7%), from €16,929 to €381
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €912,466 | €820,896 | -€91,569 | -10.0% |
| Fixed assets | 21/28 | €705,954 | €680,232 | -€25,722 | -3.6% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €705,914 | €680,192 | -€25,722 | -3.6% |
| Land and buildings | 22 | €692,115 | €669,632 | -€22,483 | -3.2% |
| Plant, machinery and equipment | 23 | €4,517 | €4,446 | -€70 | -1.6% |
| Furniture and vehicles | 24 | €9,282 | €6,114 | -€3,168 | -34.1% |
| Financial fixed assets | 28 | €40 | €40 | = | 0.0% |
| Current assets | 29/58 | €206,511 | €140,664 | -€65,847 | -31.9% |
| Amounts receivable within one year | 40/41 | €78,324 | €86,146 | +€7,822 | +10.0% |
| Trade receivables | 40 | €75,175 | €65,569 | -€9,606 | -12.8% |
| Other amounts receivable | 41 | €3,149 | €20,577 | +€17,428 | +553.5% |
| Cash at bank and in hand | 54/58 | €116,785 | €49,720 | -€67,065 | -57.4% |
| Deferred charges and accrued income | 490/1 | €11,402 | €4,798 | -€6,603 | -57.9% |
| Total equity and liabilities | 10/49 | €912,466 | €820,896 | -€91,569 | -10.0% |
| Equity | 10/15 | €427,245 | €389,974 | -€37,271 | -8.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €1,855 | €1,855 | = | 0.0% |
| Profit (loss) carried forward | 14 | €419,190 | €381,919 | -€37,271 | -8.9% |
| Amounts payable | 17/49 | €485,220 | €430,922 | -€54,298 | -11.2% |
| Amounts payable after more than one year | 17 | €284,758 | €257,435 | -€27,323 | -9.6% |
| Financial debts | 170/4 | €284,758 | €257,435 | -€27,323 | -9.6% |
| Amounts payable within one year | 42/48 | €200,463 | €173,488 | -€26,975 | -13.5% |
| Current portion of amounts payable after more than one year | 42 | €65,379 | €39,117 | -€26,262 | -40.2% |
| Trade debts | 44 | €59,386 | €52,969 | -€6,416 | -10.8% |
| Suppliers | 440/4 | €59,386 | €52,969 | -€6,416 | -10.8% |
| Taxes, remuneration and social security | 45 | €39,005 | €37,082 | -€1,923 | -4.9% |
| Taxes | 450/3 | €24,328 | €18,907 | -€5,421 | -22.3% |
| Remuneration and social security | 454/9 | €14,677 | €18,175 | +€3,497 | +23.8% |
| Other amounts payable | 47/48 | €36,693 | €44,319 | +€7,626 | +20.8% |
| Remuneration, social security and pensions | 62 | €120,635 | €140,249 | +€19,614 | +16.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,040 | €29,820 | +€3,780 | +14.5% |
| Other operating charges | 640/8 | €170,237 | €54,590 | -€115,648 | -67.9% |
| Gross operating margin | 9900 | €405,276 | €196,624 | -€208,652 | -51.5% |
| Operating profit (loss) | 9901 | €88,363 | -€28,035 | -€116,397 | |
| Financial income | 75/76B | €936 | €881 | -€55 | -5.9% |
| Recurring financial income | 75 | €936 | €881 | -€55 | -5.9% |
| Financial charges | 65/66B | €11,974 | €9,736 | -€2,238 | -18.7% |
| Recurring financial charges | 65 | €11,974 | €9,736 | -€2,238 | -18.7% |
| Profit (loss) for the period before taxes | 9903 | €77,324 | -€36,890 | -€114,214 | |
| Income taxes | 67/77 | €16,929 | €381 | -€16,548 | -97.7% |
| Profit (loss) for the period | 9904 | €60,396 | -€37,271 | -€97,667 | |
| Profit (loss) for the period to be appropriated | 9905 | €60,396 | -€37,271 | -€97,667 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.