KDI 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.
KDI Consult
Largest movements
- Deferred charges and accrued income -€8,088
down €8,088 (-62.8%), from €12,883 to €4,794
- Cash +€7,103
up €7,103 (+98.4%), from €7,220 to €14,323
mainly Other debts (+€21,422) and Depreciation (+€8,422)
- Tangible fixed assets -€2,331
down €2,331 (-2.5%), from €94,443 to €92,111
of which Land and buildings: -€5,882
- Profit (loss) carried forward -€22,234
down €22,234 (-98.4%), from €22,589 to €355
- Other debts +€21,422
up €21,422 (+3,906%), from €548 to €21,971
- Debts after one year -€6,822
down €6,822 (-10.7%), from €63,629 to €56,807
- Tax, wage and social debts +€3,763
up €3,763 (+32.5%), from €11,593 to €15,356
- Short-term financial debts +€1,683
new in 2025: €1,683
- Gross operating margin -€13,046
down €13,046 (-37.8%), from €34,526 to €21,480
- Taxes -€3,221
down €3,221 (-60.7%), from €5,309 to €2,088
- Financial charges +€2,457
up €2,457 (+61.3%), from €4,010 to €6,467
- Other operating charges -€868
down €868 (-25.5%), from €3,409 to €2,541
- Depreciation +€586
up €586 (+7.5%), from €7,836 to €8,422
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 | €128,611 | €125,815 | -€2,796 | -2.2% |
| Fixed assets | 21/28 | €94,443 | €92,111 | -€2,331 | -2.5% |
| Tangible fixed assets | 22/27 | €94,443 | €92,111 | -€2,331 | -2.5% |
| Land and buildings | 22 | €89,530 | €83,648 | -€5,882 | -6.6% |
| Plant, machinery and equipment | 23 | €3,030 | €2,404 | -€626 | -20.7% |
| Furniture and vehicles | 24 | €1,883 | €6,060 | +€4,177 | +222% |
| Current assets | 29/58 | €34,169 | €33,704 | -€465 | -1.4% |
| Amounts receivable within one year | 40/41 | €14,066 | €14,587 | +€521 | +3.7% |
| Trade receivables | 40 | €14,066 | €14,157 | +€91 | +0.6% |
| Other amounts receivable | 41 | - | €430 | +€430 | |
| Cash at bank and in hand | 54/58 | €7,220 | €14,323 | +€7,103 | +98.4% |
| Deferred charges and accrued income | 490/1 | €12,883 | €4,794 | -€8,088 | -62.8% |
| Total equity and liabilities | 10/49 | €128,611 | €125,815 | -€2,796 | -2.2% |
| Equity | 10/15 | €42,544 | €18,955 | -€23,589 | -55.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,355 | €0 | -€1,355 | -100% |
| Distributable reserves | 133 | €1,355 | €0 | -€1,355 | -100% |
| Profit (loss) carried forward | 14 | €22,589 | €355 | -€22,234 | -98.4% |
| Amounts payable | 17/49 | €86,067 | €106,860 | +€20,793 | +24.2% |
| Amounts payable after more than one year | 17 | €63,629 | €56,807 | -€6,822 | -10.7% |
| Financial debts | 170/4 | €63,629 | €56,807 | -€6,822 | -10.7% |
| Amounts payable within one year | 42/48 | €22,371 | €50,053 | +€27,682 | +124% |
| Current portion of amounts payable after more than one year | 42 | €6,658 | €6,822 | +€164 | +2.5% |
| Financial debts | 43 | - | €1,683 | +€1,683 | |
| Credit institutions | 430/8 | - | €1,683 | +€1,683 | |
| Trade debts | 44 | €3,571 | €4,222 | +€651 | +18.2% |
| Suppliers | 440/4 | €3,571 | €4,222 | +€651 | +18.2% |
| Taxes, remuneration and social security | 45 | €11,593 | €15,356 | +€3,763 | +32.5% |
| Taxes | 450/3 | €11,593 | €15,356 | +€3,763 | +32.5% |
| Other amounts payable | 47/48 | €548 | €21,971 | +€21,422 | +3,906% |
| Accrued charges and deferred income | 492/3 | €67 | €0 | -€67 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,836 | €8,422 | +€586 | +7.5% |
| Other operating charges | 640/8 | €3,409 | €2,541 | -€868 | -25.5% |
| Gross operating margin | 9900 | €34,526 | €21,480 | -€13,046 | -37.8% |
| Operating profit (loss) | 9901 | €23,281 | €10,517 | -€12,764 | -54.8% |
| Financial income | 75/76B | €312 | €0 | -€312 | -100% |
| Recurring financial income | 75 | €312 | €0 | -€312 | -100% |
| Financial charges | 65/66B | €4,010 | €6,467 | +€2,457 | +61.3% |
| Recurring financial charges | 65 | €4,010 | €6,467 | +€2,457 | +61.3% |
| Profit (loss) for the period before taxes | 9903 | €19,583 | €4,050 | -€15,533 | -79.3% |
| Income taxes | 67/77 | €5,309 | €2,088 | -€3,221 | -60.7% |
| Profit (loss) for the period | 9904 | €14,274 | €1,962 | -€12,313 | -86.3% |
| Profit (loss) for the period to be appropriated | 9905 | €14,274 | €1,962 | -€12,313 | -86.3% |
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 27 October 2026 via checked.be.