KDC MGMT: 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 MGMT
Largest movements
- Cash +€71,889
up €71,889 (+141.4%), from €50,843 to €122,732
mainly Net result for the year (+€83,101) and Trade debts (+€21,204)
- Tangible fixed assets +€18,983
new in 2025: €18,983
- Receivables within one year +€18,349
up €18,349 (+27.4%), from €67,054 to €85,403
of which Other amounts receivable: +€46,436
- Profit (loss) carried forward +€83,101
new in 2025: €83,101
- Trade debts +€21,204
up €21,204 (+3112.8%), from €681 to €21,885
- Tax, wage and social debts +€4,752
up €4,752 (+12.3%), from €38,785 to €43,537
- Taxes -€6,900
down €6,900 (-22.0%), from €31,375 to €24,476
- Gross operating margin -€4,912
down €4,912 (-4.2%), from €116,179 to €111,267
- Depreciation -€2,695
down €2,695 (-99.9%), from €2,698 to €3
- Financial charges +€2,235
up €2,235 (+150.1%), from €1,489 to €3,724
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 | €120,903 | €230,261 | +€109,357 | +90.5% |
| Fixed assets | 21/28 | - | €18,983 | +€18,983 | |
| Tangible fixed assets | 22/27 | - | €18,983 | +€18,983 | |
| Other tangible fixed assets | 26 | - | €18,983 | +€18,983 | |
| Current assets | 29/58 | €120,903 | €211,278 | +€90,374 | +74.7% |
| Amounts receivable within one year | 40/41 | €67,054 | €85,403 | +€18,349 | +27.4% |
| Trade receivables | 40 | €66,734 | €38,648 | -€28,087 | -42.1% |
| Other amounts receivable | 41 | €320 | €46,756 | +€46,436 | +14531.2% |
| Cash at bank and in hand | 54/58 | €50,843 | €122,732 | +€71,889 | +141.4% |
| Deferred charges and accrued income | 490/1 | €3,006 | €3,142 | +€136 | +4.5% |
| Total equity and liabilities | 10/49 | €120,903 | €230,261 | +€109,357 | +90.5% |
| Equity | 10/15 | €79,937 | €163,038 | +€83,101 | +104.0% |
| Contributions | 10/11 | €120 | €120 | = | 0.0% |
| Reserves | 13 | €79,817 | €79,817 | = | 0.0% |
| Distributable reserves | 133 | €79,817 | €79,817 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €83,101 | +€83,101 | |
| Amounts payable | 17/49 | €40,966 | €67,223 | +€26,256 | +64.1% |
| Amounts payable within one year | 42/48 | €39,466 | €65,423 | +€25,956 | +65.8% |
| Trade debts | 44 | €681 | €21,885 | +€21,204 | +3112.8% |
| Suppliers | 440/4 | €681 | €21,885 | +€21,204 | +3112.8% |
| Taxes, remuneration and social security | 45 | €38,785 | €43,537 | +€4,752 | +12.3% |
| Taxes | 450/3 | €38,785 | €43,537 | +€4,752 | +12.3% |
| Accrued charges and deferred income | 492/3 | €1,500 | €1,800 | +€300 | +20.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,698 | €3 | -€2,695 | -99.9% |
| Other operating charges | 640/8 | €915 | €1,239 | +€324 | +35.4% |
| Gross operating margin | 9900 | €116,179 | €111,267 | -€4,912 | -4.2% |
| Operating profit (loss) | 9901 | €112,566 | €110,025 | -€2,541 | -2.3% |
| Financial income | 75/76B | €115 | €1,276 | +€1,161 | +1009.2% |
| Recurring financial income | 75 | €115 | €1,276 | +€1,161 | +1009.2% |
| Financial charges | 65/66B | €1,489 | €3,724 | +€2,235 | +150.1% |
| Recurring financial charges | 65 | €1,489 | €3,724 | +€2,235 | +150.1% |
| Profit (loss) for the period before taxes | 9903 | €111,192 | €107,577 | -€3,616 | -3.3% |
| Income taxes | 67/77 | €31,375 | €24,476 | -€6,900 | -22.0% |
| Profit (loss) for the period | 9904 | €79,817 | €83,101 | +€3,284 | +4.1% |
| Profit (loss) for the period to be appropriated | 9905 | €79,817 | €83,101 | +€3,284 | +4.1% |
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.