KDC INVEST&DEVELOPMENT: 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 INVEST&DEVELOPMENT
Largest movements
- Receivables within one year +€600,156
new in 2025: €600,156
of which Other amounts receivable: +€413,656
- Stocks and contracts -€216,249
down €216,249 (-52.9%), from €408,816 to €192,567
- Cash +€115,276
up €115,276 (+1225.6%), from €9,406 to €124,681
mainly Debts after one year (+€450,000) and Stocks and contracts (+€216,249)
- Debts after one year +€450,000
new in 2025: €450,000
- Short-term financial debts -€120,000
down €120,000 (-37.5%), from €320,000 to €200,000
- Reserves +€99,558
new in 2025: €99,558
- Tax, wage and social debts +€33,959
up €33,959 (+582.0%), from €5,835 to €39,794
- Profit (loss) carried forward +€33,393
up €33,393, from -€33,393 to €0
- Gross operating margin +€205,838
up €205,838, from -€8,434 to €197,404
- Taxes +€39,794
new in 2025: €39,794
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 | €418,222 | €917,405 | +€499,182 | +119.4% |
| Current assets | 29/58 | €418,222 | €917,405 | +€499,182 | +119.4% |
| Stocks and contracts in progress | 3 | €408,816 | €192,567 | -€216,249 | -52.9% |
| Stocks | 30/36 | €408,816 | €192,567 | -€216,249 | -52.9% |
| Amounts receivable within one year | 40/41 | - | €600,156 | +€600,156 | |
| Trade receivables | 40 | - | €186,500 | +€186,500 | |
| Other amounts receivable | 41 | - | €413,656 | +€413,656 | |
| Cash at bank and in hand | 54/58 | €9,406 | €124,681 | +€115,276 | +1225.6% |
| Total equity and liabilities | 10/49 | €418,222 | €917,405 | +€499,182 | +119.4% |
| Equity | 10/15 | €66,607 | €199,558 | +€132,950 | +199.6% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | - | €99,558 | +€99,558 | |
| Distributable reserves | 133 | - | €99,558 | +€99,558 | |
| Profit (loss) carried forward | 14 | -€33,393 | €0 | +€33,393 | |
| Amounts payable | 17/49 | €351,615 | €717,847 | +€366,232 | +104.2% |
| Amounts payable after more than one year | 17 | - | €450,000 | +€450,000 | |
| Financial debts | 170/4 | - | €450,000 | +€450,000 | |
| Amounts payable within one year | 42/48 | €347,007 | €263,037 | -€83,970 | -24.2% |
| Financial debts | 43 | €320,000 | €200,000 | -€120,000 | -37.5% |
| Credit institutions | 430/8 | €320,000 | €200,000 | -€120,000 | -37.5% |
| Trade debts | 44 | €1,173 | €50 | -€1,123 | -95.7% |
| Suppliers | 440/4 | €1,173 | €50 | -€1,123 | -95.7% |
| Taxes, remuneration and social security | 45 | €5,835 | €39,794 | +€33,959 | +582.0% |
| Taxes | 450/3 | €5,835 | €39,794 | +€33,959 | +582.0% |
| Other amounts payable | 47/48 | €20,000 | €23,194 | +€3,194 | +16.0% |
| Accrued charges and deferred income | 492/3 | €4,608 | €4,810 | +€202 | +4.4% |
| Other operating charges | 640/8 | €1,074 | €610 | -€465 | -43.3% |
| Gross operating margin | 9900 | -€8,434 | €197,404 | +€205,838 | |
| Operating profit (loss) | 9901 | -€9,508 | €196,794 | +€206,302 | |
| Financial charges | 65/66B | €23,885 | €24,050 | +€165 | +0.7% |
| Recurring financial charges | 65 | €23,885 | €24,050 | +€165 | +0.7% |
| Profit (loss) for the period before taxes | 9903 | -€33,393 | €172,744 | +€206,137 | |
| Income taxes | 67/77 | - | €39,794 | +€39,794 | |
| Profit (loss) for the period | 9904 | -€33,393 | €132,950 | +€166,343 | |
| Profit (loss) for the period to be appropriated | 9905 | -€33,393 | €132,950 | +€166,343 |
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 7 October 2026 via checked.be.