KDF Consulting: 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.
KDF Consulting
Largest movements
- Tangible fixed assets +€149,825
up €149,825 (+472.1%), from €31,733 to €181,558
of which Land and buildings: +€148,946
- Financial fixed assets +€25,953
new in 2025: €25,953
- Receivables within one year +€8,897
up €8,897 (+51.4%), from €17,308 to €26,205
of which Trade receivables: +€5,043
- Debts after one year +€130,610
up €130,610 (+130610.0%), from €100 to €130,710
of which Financial debts: +€130,610
- Profit (loss) carried forward +€43,513
up €43,513 (+63.9%), from €68,122 to €111,635
- Current portion of long-term debt +€7,871
new in 2025: €7,871
- Depreciation +€17,122
up €17,122 (+189.9%), from €9,014 to €26,136
- Taxes -€2,754
down €2,754 (-18.8%), from €14,619 to €11,865
- Other operating charges +€2,604
up €2,604 (+323.5%), from €805 to €3,409
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 | €95,753 | €279,252 | +€183,499 | +191.6% |
| Fixed assets | 21/28 | €32,974 | €207,862 | +€174,888 | +530.4% |
| Intangible fixed assets | 21 | €1,241 | €351 | -€890 | -71.7% |
| Tangible fixed assets | 22/27 | €31,733 | €181,558 | +€149,825 | +472.1% |
| Land and buildings | 22 | €27,964 | €176,910 | +€148,946 | +532.6% |
| Furniture and vehicles | 24 | €3,769 | €4,648 | +€879 | +23.3% |
| Financial fixed assets | 28 | - | €25,953 | +€25,953 | |
| Current assets | 29/58 | €62,779 | €71,390 | +€8,611 | +13.7% |
| Amounts receivable within one year | 40/41 | €17,308 | €26,205 | +€8,897 | +51.4% |
| Trade receivables | 40 | €17,027 | €22,070 | +€5,043 | +29.6% |
| Other amounts receivable | 41 | €281 | €4,135 | +€3,854 | +1371.5% |
| Cash at bank and in hand | 54/58 | €41,218 | €40,284 | -€934 | -2.3% |
| Deferred charges and accrued income | 490/1 | €4,253 | €4,901 | +€648 | +15.2% |
| Total equity and liabilities | 10/49 | €95,753 | €279,252 | +€183,499 | +191.6% |
| Equity | 10/15 | €79,522 | €123,035 | +€43,513 | +54.7% |
| Contributions | 10/11 | €1,400 | €1,400 | = | 0.0% |
| Reserves | 13 | €10,000 | €10,000 | = | 0.0% |
| Distributable reserves | 133 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €68,122 | €111,635 | +€43,513 | +63.9% |
| Amounts payable | 17/49 | €16,231 | €156,217 | +€139,986 | +862.5% |
| Amounts payable after more than one year | 17 | €100 | €130,710 | +€130,610 | +130610.0% |
| Financial debts | 170/4 | - | €130,610 | +€130,610 | |
| Other amounts payable | 178/9 | €100 | €100 | = | 0.0% |
| Amounts payable within one year | 42/48 | €16,131 | €25,507 | +€9,376 | +58.1% |
| Current portion of amounts payable after more than one year | 42 | - | €7,871 | +€7,871 | |
| Financial debts | 43 | - | €1,389 | +€1,389 | |
| Credit institutions | 430/8 | - | €1,389 | +€1,389 | |
| Trade debts | 44 | €4,028 | €5,550 | +€1,522 | +37.8% |
| Suppliers | 440/4 | €4,028 | €5,550 | +€1,522 | +37.8% |
| Taxes, remuneration and social security | 45 | €11,321 | €10,322 | -€999 | -8.8% |
| Taxes | 450/3 | €11,321 | €10,322 | -€999 | -8.8% |
| Other amounts payable | 47/48 | €782 | €375 | -€407 | -52.0% |
| Non-recurring operating income | 76A | €5,225 | - | -€5,225 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,014 | €26,136 | +€17,122 | +189.9% |
| Other operating charges | 640/8 | €805 | €3,409 | +€2,604 | +323.5% |
| Non-recurring operating charges | 66A | €6,275 | - | -€6,275 | |
| Gross operating margin | 9900 | €84,665 | €84,903 | +€238 | +0.3% |
| Operating profit (loss) | 9901 | €68,571 | €55,358 | -€13,213 | -19.3% |
| Financial income | 75/76B | €71 | €191 | +€120 | +169.0% |
| Recurring financial income | 75 | €71 | €191 | +€120 | +169.0% |
| Financial charges | 65/66B | €72 | €171 | +€99 | +137.5% |
| Recurring financial charges | 65 | €72 | €171 | +€99 | +137.5% |
| Profit (loss) for the period before taxes | 9903 | €68,570 | €55,378 | -€13,192 | -19.2% |
| Income taxes | 67/77 | €14,619 | €11,865 | -€2,754 | -18.8% |
| Profit (loss) for the period | 9904 | €53,951 | €43,513 | -€10,438 | -19.3% |
| Profit (loss) for the period to be appropriated | 9905 | €53,951 | €43,513 | -€10,438 | -19.3% |
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 5 October 2026 via checked.be.