KDinfra: 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.
KDinfra
Largest movements
- Receivables within one year -€96,683
down €96,683 (-61.7%), from €156,623 to €59,940
of which Trade receivables: -€65,656
- Cash +€89,192
up €89,192 (+625.6%), from €14,258 to €103,449
mainly Other debts (+€138,321) and Receivables within one year (+€96,683)
- Receivables after one year -€26,770
no longer reported in 2025 (was €26,770)
- Current investments +€22,000
new in 2025: €22,000
- Tangible fixed assets +€11,169
up €11,169 (+3.1%), from €359,370 to €370,539
of which Land and buildings: +€12,112
- Profit (loss) carried forward -€142,368
down €142,368 (-66.7%), from €213,497 to €71,129
- Other debts +€138,321
up €138,321 (+2922.9%), from €4,732 to €143,053
- Tax, wage and social debts +€27,762
up €27,762 (+79.3%), from €35,003 to €62,766
- Debts after one year -€24,459
down €24,459 (-8.9%), from €273,733 to €249,274
- Gross operating margin -€13,157
down €13,157 (-9.3%), from €141,946 to €128,788
- Depreciation +€7,828
up €7,828 (+104.6%), from €7,483 to €15,311
- Taxes +€2,359
up €2,359 (+8.2%), from €28,626 to €30,985
- Financial charges -€2,287
down €2,287 (-19.7%), from €11,608 to €9,320
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 | €559,610 | €562,697 | +€3,087 | +0.6% |
| Fixed assets | 21/28 | €359,370 | €370,539 | +€11,169 | +3.1% |
| Tangible fixed assets | 22/27 | €359,370 | €370,539 | +€11,169 | +3.1% |
| Land and buildings | 22 | €334,104 | €346,215 | +€12,112 | +3.6% |
| Furniture and vehicles | 24 | €25,266 | €24,324 | -€943 | -3.7% |
| Current assets | 29/58 | €200,239 | €192,158 | -€8,081 | -4.0% |
| Amounts receivable after more than one year | 29 | €26,770 | - | -€26,770 | |
| Other amounts receivable | 291 | €26,770 | - | -€26,770 | |
| Amounts receivable within one year | 40/41 | €156,623 | €59,940 | -€96,683 | -61.7% |
| Trade receivables | 40 | €95,596 | €29,940 | -€65,656 | -68.7% |
| Other amounts receivable | 41 | €61,026 | €30,000 | -€31,026 | -50.8% |
| Current investments | 50/53 | - | €22,000 | +€22,000 | |
| Cash at bank and in hand | 54/58 | €14,258 | €103,449 | +€89,192 | +625.6% |
| Deferred charges and accrued income | 490/1 | €2,589 | €6,769 | +€4,180 | +161.4% |
| Total equity and liabilities | 10/49 | €559,610 | €562,697 | +€3,087 | +0.6% |
| Equity | 10/15 | €218,497 | €76,129 | -€142,368 | -65.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €213,497 | €71,129 | -€142,368 | -66.7% |
| Amounts payable | 17/49 | €341,113 | €486,568 | +€145,456 | +42.6% |
| Amounts payable after more than one year | 17 | €273,733 | €249,274 | -€24,459 | -8.9% |
| Financial debts | 170/4 | €273,733 | €249,274 | -€24,459 | -8.9% |
| Amounts payable within one year | 42/48 | €67,257 | €237,295 | +€170,037 | +252.8% |
| Current portion of amounts payable after more than one year | 42 | €23,565 | €24,459 | +€894 | +3.8% |
| Trade debts | 44 | €3,957 | €7,017 | +€3,060 | +77.3% |
| Suppliers | 440/4 | €3,957 | €7,017 | +€3,060 | +77.3% |
| Taxes, remuneration and social security | 45 | €35,003 | €62,766 | +€27,762 | +79.3% |
| Taxes | 450/3 | €35,003 | €62,766 | +€27,762 | +79.3% |
| Other amounts payable | 47/48 | €4,732 | €143,053 | +€138,321 | +2922.9% |
| Accrued charges and deferred income | 492/3 | €123 | - | -€123 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,483 | €15,311 | +€7,828 | +104.6% |
| Other operating charges | 640/8 | €1,813 | €2,311 | +€498 | +27.4% |
| Gross operating margin | 9900 | €141,946 | €128,788 | -€13,157 | -9.3% |
| Operating profit (loss) | 9901 | €132,650 | €111,166 | -€21,483 | -16.2% |
| Financial income | 75/76B | €1,619 | €268 | -€1,352 | -83.5% |
| Recurring financial income | 75 | €1,619 | €268 | -€1,352 | -83.5% |
| Financial charges | 65/66B | €11,608 | €9,320 | -€2,287 | -19.7% |
| Recurring financial charges | 65 | €11,608 | €9,320 | -€2,287 | -19.7% |
| Profit (loss) for the period before taxes | 9903 | €122,661 | €102,114 | -€20,547 | -16.8% |
| Income taxes | 67/77 | €28,626 | €30,985 | +€2,359 | +8.2% |
| Profit (loss) for the period | 9904 | €94,035 | €71,129 | -€22,906 | -24.4% |
| Profit (loss) for the period to be appropriated | 9905 | €94,035 | €71,129 | -€22,906 | -24.4% |
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 2 October 2026 via checked.be.