KDG CONCEPT: what changed
Two financial 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.
KDG CONCEPT
Largest movements
- Receivables within one year +€26,109
up €26,109 (+200%), from €13,055 to €39,164
of which Trade receivables: +€26,502
- Cash -€14,704
down €14,704 (-58.5%), from €25,121 to €10,417
mainly Receivables within one year (-€26,109) and Stocks and contracts (-€818)
- Tangible fixed assets -€4,033
down €4,033 (-49.0%), from €8,232 to €4,198
- Deferred charges and accrued income -€933
down €933 (-25.0%), from €3,731 to €2,798
- Stocks and contracts +€818
up €818 (+234%), from €350 to €1,168
- Trade debts +€4,353
up €4,353 (+53.1%), from €8,201 to €12,555
- Tax, wage and social debts +€1,827
up €1,827 (+20.3%), from €9,009 to €10,837
- Profit (loss) carried forward +€1,024
up €1,024 (+3.3%), from €31,243 to €32,267
- Gross operating margin -€19,199
down €19,199 (-63.7%), from €30,151 to €10,952
- Taxes -€3,462
down €3,462 (-50.7%), from €6,821 to €3,360
- Depreciation +€691
up €691 (+20.7%), from €3,342 to €4,033
- Other operating charges +€530
up €530 (+27.7%), from €1,915 to €2,445
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.
Derived cash bridge
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 | €50,488 | €57,746 | +€7,257 | +14.4% |
| Fixed assets | 21/28 | €8,232 | €4,198 | -€4,033 | -49.0% |
| Tangible fixed assets | 22/27 | €8,232 | €4,198 | -€4,033 | -49.0% |
| Plant, machinery and equipment | 23 | €8,232 | €4,198 | -€4,033 | -49.0% |
| Current assets | 29/58 | €42,257 | €53,547 | +€11,290 | +26.7% |
| Stocks and contracts in progress | 3 | €350 | €1,168 | +€818 | +234% |
| Stocks | 30/36 | €350 | €1,168 | +€818 | +234% |
| Amounts receivable within one year | 40/41 | €13,055 | €39,164 | +€26,109 | +200% |
| Trade receivables | 40 | €5,687 | €32,189 | +€26,502 | +466% |
| Other amounts receivable | 41 | €7,369 | €6,975 | -€393 | -5.3% |
| Cash at bank and in hand | 54/58 | €25,121 | €10,417 | -€14,704 | -58.5% |
| Deferred charges and accrued income | 490/1 | €3,731 | €2,798 | -€933 | -25.0% |
| Total equity and liabilities | 10/49 | €50,488 | €57,746 | +€7,257 | +14.4% |
| Equity | 10/15 | €33,243 | €34,267 | +€1,024 | +3.1% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €31,243 | €32,267 | +€1,024 | +3.3% |
| Amounts payable | 17/49 | €17,245 | €23,478 | +€6,233 | +36.1% |
| Amounts payable within one year | 42/48 | €17,245 | €23,478 | +€6,233 | +36.1% |
| Trade debts | 44 | €8,201 | €12,555 | +€4,353 | +53.1% |
| Suppliers | 440/4 | €8,201 | €12,555 | +€4,353 | +53.1% |
| Taxes, remuneration and social security | 45 | €9,009 | €10,837 | +€1,827 | +20.3% |
| Taxes | 450/3 | €9,009 | €10,837 | +€1,827 | +20.3% |
| Other amounts payable | 47/48 | €34 | €87 | +€52 | +152% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,342 | €4,033 | +€691 | +20.7% |
| Other operating charges | 640/8 | €1,915 | €2,445 | +€530 | +27.7% |
| Gross operating margin | 9900 | €30,151 | €10,952 | -€19,199 | -63.7% |
| Operating profit (loss) | 9901 | €24,894 | €4,474 | -€20,420 | -82.0% |
| Financial income | 75/76B | €11 | €82 | +€71 | +635% |
| Recurring financial income | 75 | €11 | €82 | +€71 | +635% |
| Financial charges | 65/66B | €154 | €172 | +€18 | +11.6% |
| Recurring financial charges | 65 | €154 | €172 | +€18 | +11.6% |
| Profit (loss) for the period before taxes | 9903 | €24,751 | €4,384 | -€20,367 | -82.3% |
| Income taxes | 67/77 | €6,821 | €3,360 | -€3,462 | -50.7% |
| Profit (loss) for the period | 9904 | €17,929 | €1,024 | -€16,905 | -94.3% |
| Profit (loss) for the period to be appropriated | 9905 | €17,929 | €1,024 | -€16,905 | -94.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.