KDI: 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.
KDI
Largest movements
- Cash -€296,731
down €296,731 (-98.7%), from €300,649 to €3,918
mainly Current investments (-€180,000) and Receivables within one year (-€132,008)
- Current investments +€180,000
new in 2025: €180,000
- Receivables within one year +€132,008
up €132,008 (+307.9%), from €42,877 to €174,885
of which Trade receivables: +€124,642
- Tangible fixed assets +€11,874
up €11,874 (+103.0%), from €11,531 to €23,405
of which Other tangible fixed assets: +€13,878
- Profit (loss) carried forward +€14,329
new in 2025: €14,329
- Tax, wage and social debts +€8,369
up €8,369 (+123.0%), from €6,801 to €15,170
of which Taxes: +€8,369
- Other debts +€7,142
up €7,142 (+8.3%), from €85,575 to €92,717
- Gross operating margin -€53,279
down €53,279 (-64.6%), from €82,459 to €29,180
- Taxes -€9,755
down €9,755 (-62.9%), from €15,498 to €5,743
- Financial income +€3,766
up €3,766 (+2147.1%), from €175 to €3,941
- Depreciation +€1,937
up €1,937 (+101.1%), from €1,916 to €3,853
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 | €356,531 | €387,299 | +€30,768 | +8.6% |
| Fixed assets | 21/28 | €11,531 | €23,405 | +€11,874 | +103.0% |
| Tangible fixed assets | 22/27 | €11,531 | €23,405 | +€11,874 | +103.0% |
| Furniture and vehicles | 24 | €8,959 | €6,955 | -€2,004 | -22.4% |
| Other tangible fixed assets | 26 | €2,572 | €16,450 | +€13,878 | +539.5% |
| Current assets | 29/58 | €345,000 | €363,894 | +€18,894 | +5.5% |
| Amounts receivable within one year | 40/41 | €42,877 | €174,885 | +€132,008 | +307.9% |
| Trade receivables | 40 | €15,125 | €139,767 | +€124,642 | +824.1% |
| Other amounts receivable | 41 | €27,752 | €35,118 | +€7,366 | +26.5% |
| Current investments | 50/53 | - | €180,000 | +€180,000 | |
| Cash at bank and in hand | 54/58 | €300,649 | €3,918 | -€296,731 | -98.7% |
| Deferred charges and accrued income | 490/1 | €1,474 | €5,091 | +€3,617 | +245.5% |
| Total equity and liabilities | 10/49 | €356,531 | €387,299 | +€30,768 | +8.6% |
| Equity | 10/15 | €253,185 | €267,513 | +€14,329 | +5.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €234,585 | €234,585 | = | 0.0% |
| Distributable reserves | 133 | €234,585 | €234,585 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €14,329 | +€14,329 | |
| Amounts payable | 17/49 | €103,346 | €119,786 | +€16,440 | +15.9% |
| Amounts payable within one year | 42/48 | €96,585 | €113,584 | +€16,999 | +17.6% |
| Financial debts | 43 | - | €150 | +€150 | |
| Credit institutions | 430/8 | - | €150 | +€150 | |
| Trade debts | 44 | €4,209 | €5,547 | +€1,339 | +31.8% |
| Suppliers | 440/4 | €4,209 | €5,547 | +€1,339 | +31.8% |
| Taxes, remuneration and social security | 45 | €6,801 | €15,170 | +€8,369 | +123.0% |
| Taxes | 450/3 | €6,801 | €15,170 | +€8,369 | +123.0% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €85,575 | €92,717 | +€7,142 | +8.3% |
| Accrued charges and deferred income | 492/3 | €6,761 | €6,201 | -€560 | -8.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,916 | €3,853 | +€1,937 | +101.1% |
| Other operating charges | 640/8 | €850 | €602 | -€248 | -29.2% |
| Gross operating margin | 9900 | €82,459 | €29,180 | -€53,279 | -64.6% |
| Operating profit (loss) | 9901 | €79,692 | €24,724 | -€54,968 | -69.0% |
| Financial income | 75/76B | €175 | €3,941 | +€3,766 | +2147.1% |
| Recurring financial income | 75 | €175 | €3,941 | +€3,766 | +2147.1% |
| Financial charges | 65/66B | €8,203 | €8,594 | +€391 | +4.8% |
| Recurring financial charges | 65 | €8,203 | €8,594 | +€391 | +4.8% |
| Profit (loss) for the period before taxes | 9903 | €71,665 | €20,071 | -€51,593 | -72.0% |
| Income taxes | 67/77 | €15,498 | €5,743 | -€9,755 | -62.9% |
| Profit (loss) for the period | 9904 | €56,167 | €14,329 | -€41,838 | -74.5% |
| Profit (loss) for the period to be appropriated | 9905 | €56,167 | €14,329 | -€41,838 | -74.5% |
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.