KDG CONSULTING: 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 CONSULTING
Largest movements
- Receivables within one year +€17,441
up €17,441 (+85.2%), from €20,471 to €37,912
of which Other amounts receivable: +€11,996
- Current investments -€12,131
down €12,131 (-13.8%), from €87,928 to €75,798
- Reserves +€7,503
up €7,503 (+3.5%), from €216,867 to €224,370
- Financial income +€10,109
up €10,109 (+474%), from €2,132 to €12,242
- Financial charges -€8,577
down €8,577 (-90.8%), from €9,447 to €869
- Gross operating margin +€7,690
up €7,690 (+14.9%), from €51,590 to €59,280
- Taxes +€3,267
up €3,267 (+22.6%), from €14,437 to €17,704
- Depreciation +€671
up €671 (+35.3%), from €1,903 to €2,574
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 | €237,313 | €245,841 | +€8,528 | +3.6% |
| Fixed assets | 21/28 | €5,838 | €7,973 | +€2,135 | +36.6% |
| Tangible fixed assets | 22/27 | €5,838 | €7,973 | +€2,135 | +36.6% |
| Furniture and vehicles | 24 | €4,256 | €6,391 | +€2,135 | +50.2% |
| Other tangible fixed assets | 26 | €1,582 | €1,582 | = | 0.0% |
| Current assets | 29/58 | €231,475 | €237,868 | +€6,393 | +2.8% |
| Amounts receivable after more than one year | 29 | €50,000 | €50,000 | = | 0.0% |
| Other amounts receivable | 291 | €50,000 | €50,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €20,471 | €37,912 | +€17,441 | +85.2% |
| Trade receivables | 40 | €18,150 | €23,595 | +€5,445 | +30.0% |
| Other amounts receivable | 41 | €2,321 | €14,317 | +€11,996 | +517% |
| Current investments | 50/53 | €87,928 | €75,798 | -€12,131 | -13.8% |
| Cash at bank and in hand | 54/58 | €70,874 | €71,756 | +€881 | +1.2% |
| Deferred charges and accrued income | 490/1 | €2,202 | €2,403 | +€201 | +9.2% |
| Total equity and liabilities | 10/49 | €237,313 | €245,841 | +€8,528 | +3.6% |
| Equity | 10/15 | €221,867 | €229,370 | +€7,503 | +3.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €216,867 | €224,370 | +€7,503 | +3.5% |
| Distributable reserves | 133 | €216,867 | €224,370 | +€7,503 | +3.5% |
| Amounts payable | 17/49 | €15,446 | €16,471 | +€1,025 | +6.6% |
| Amounts payable within one year | 42/48 | €15,446 | €16,471 | +€1,025 | +6.6% |
| Trade debts | 44 | €4,822 | €4,365 | -€457 | -9.5% |
| Suppliers | 440/4 | €4,822 | €4,365 | -€457 | -9.5% |
| Taxes, remuneration and social security | 45 | €10,623 | €12,106 | +€1,483 | +14.0% |
| Taxes | 450/3 | €10,623 | €12,106 | +€1,483 | +14.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,903 | €2,574 | +€671 | +35.3% |
| Other operating charges | 640/8 | €908 | €934 | +€26 | +2.8% |
| Gross operating margin | 9900 | €51,590 | €59,280 | +€7,690 | +14.9% |
| Operating profit (loss) | 9901 | €48,778 | €55,772 | +€6,993 | +14.3% |
| Financial income | 75/76B | €2,132 | €12,242 | +€10,109 | +474% |
| Recurring financial income | 75 | €2,132 | €12,242 | +€10,109 | +474% |
| Financial charges | 65/66B | €9,447 | €869 | -€8,577 | -90.8% |
| Recurring financial charges | 65 | €9,447 | €869 | -€8,577 | -90.8% |
| Profit (loss) for the period before taxes | 9903 | €41,464 | €67,144 | +€25,680 | +61.9% |
| Income taxes | 67/77 | €14,437 | €17,704 | +€3,267 | +22.6% |
| Profit (loss) for the period | 9904 | €27,027 | €49,440 | +€22,413 | +82.9% |
| Profit (loss) for the period to be appropriated | 9905 | €27,027 | €49,440 | +€22,413 | +82.9% |
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 24 October 2026 via checked.be.