KDG Consult: 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 Consult
Largest movements
- Tangible fixed assets -€17,292
down €17,292 (-15.4%), from €112,247 to €94,955
of which Land and buildings: -€17,198
- Receivables within one year -€10,164
down €10,164 (-36.8%), from €27,614 to €17,450
of which Trade receivables: -€8,480
- Trade debts -€28,061
down €28,061 (-82.0%), from €34,204 to €6,143
- Reserves +€7,933
up €7,933 (+133%), from €5,955 to €13,888
- Tax, wage and social debts -€6,784
down €6,784 (-19.2%), from €35,407 to €28,623
- Debts after one year -€5,259
down €5,259 (-11.5%), from €45,909 to €40,650
- Other debts +€4,285
up €4,285 (+49.7%), from €8,616 to €12,900
- Financial charges -€3,038
down €3,038 (-27.8%), from €10,939 to €7,901
- Taxes +€1,168
up €1,168 (+25.1%), from €4,646 to €5,813
- Gross operating margin -€547
down €547 (-1.4%), from €40,226 to €39,679
- Depreciation -€435
down €435 (-2.5%), from €17,727 to €17,292
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 | €146,570 | €118,839 | -€27,731 | -18.9% |
| Fixed assets | 21/28 | €112,247 | €94,955 | -€17,292 | -15.4% |
| Tangible fixed assets | 22/27 | €112,247 | €94,955 | -€17,292 | -15.4% |
| Land and buildings | 22 | €112,153 | €94,955 | -€17,198 | -15.3% |
| Plant, machinery and equipment | 23 | €94 | - | -€94 | |
| Current assets | 29/58 | €34,323 | €23,884 | -€10,439 | -30.4% |
| Amounts receivable within one year | 40/41 | €27,614 | €17,450 | -€10,164 | -36.8% |
| Trade receivables | 40 | €21,144 | €12,664 | -€8,480 | -40.1% |
| Other amounts receivable | 41 | €6,471 | €4,786 | -€1,684 | -26.0% |
| Cash at bank and in hand | 54/58 | €1,396 | €2,101 | +€705 | +50.5% |
| Deferred charges and accrued income | 490/1 | €5,313 | €4,333 | -€980 | -18.4% |
| Total equity and liabilities | 10/49 | €146,570 | €118,839 | -€27,731 | -18.9% |
| Equity | 10/15 | €16,905 | €24,838 | +€7,933 | +46.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €5,955 | €13,888 | +€7,933 | +133% |
| Distributable reserves | 133 | €5,955 | €13,888 | +€7,933 | +133% |
| Profit (loss) carried forward | 14 | €4,750 | €4,750 | = | 0.0% |
| Amounts payable | 17/49 | €129,665 | €94,001 | -€35,664 | -27.5% |
| Amounts payable after more than one year | 17 | €45,909 | €40,650 | -€5,259 | -11.5% |
| Financial debts | 170/4 | €45,909 | €40,650 | -€5,259 | -11.5% |
| Amounts payable within one year | 42/48 | €83,338 | €52,939 | -€30,399 | -36.5% |
| Current portion of amounts payable after more than one year | 42 | €5,112 | €5,273 | +€161 | +3.1% |
| Trade debts | 44 | €34,204 | €6,143 | -€28,061 | -82.0% |
| Suppliers | 440/4 | €34,204 | €6,143 | -€28,061 | -82.0% |
| Taxes, remuneration and social security | 45 | €35,407 | €28,623 | -€6,784 | -19.2% |
| Taxes | 450/3 | €35,407 | €28,623 | -€6,784 | -19.2% |
| Other amounts payable | 47/48 | €8,616 | €12,900 | +€4,285 | +49.7% |
| Accrued charges and deferred income | 492/3 | €418 | €412 | -€6 | -1.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,727 | €17,292 | -€435 | -2.5% |
| Other operating charges | 640/8 | €960 | €740 | -€220 | -22.9% |
| Gross operating margin | 9900 | €40,226 | €39,679 | -€547 | -1.4% |
| Operating profit (loss) | 9901 | €21,539 | €21,647 | +€108 | +0.5% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €10,939 | €7,901 | -€3,038 | -27.8% |
| Recurring financial charges | 65 | €10,939 | €7,901 | -€3,038 | -27.8% |
| Profit (loss) for the period before taxes | 9903 | €10,601 | €13,746 | +€3,146 | +29.7% |
| Income taxes | 67/77 | €4,646 | €5,813 | +€1,168 | +25.1% |
| Profit (loss) for the period | 9904 | €5,955 | €7,933 | +€1,978 | +33.2% |
| Profit (loss) for the period to be appropriated | 9905 | €5,955 | €7,933 | +€1,978 | +33.2% |
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.