KDOLICENSES: 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.
KDOLICENSES
Largest movements
- Cash -€91,457
down €91,457 (-69.7%), from €131,262 to €39,805
mainly Other debts (-€91,957) and Contributions, distributions and other (-€39,805)
- Receivables within one year +€5,102
up €5,102 (+5.0%), from €102,995 to €108,097
of which Other amounts receivable: +€4,041
- Other debts -€91,957
down €91,957 (-68.2%), from €134,778 to €42,821
- Profit (loss) carried forward +€6,752
up €6,752 (+10.9%), from €62,222 to €68,974
- Tax, wage and social debts -€5,848
down €5,848 (-28.9%), from €20,227 to €14,379
- Trade debts +€4,060
up €4,060 (+491%), from €827 to €4,887
- Gross operating margin +€29,246
up €29,246 (+96.2%), from €30,408 to €59,654
- Financial income -€13,375
down €13,375 (-93.7%), from €14,276 to €901
- Other operating charges -€5,164
down €5,164 (-83.8%), from €6,161 to €997
- Taxes +€1,358
up €1,358 (+14.1%), from €9,601 to €10,959
- Depreciation +€737
up €737 (+188%), from €393 to €1,129
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 | €248,991 | €162,066 | -€86,925 | -34.9% |
| Fixed assets | 21/28 | €3,112 | €2,041 | -€1,071 | -34.4% |
| Tangible fixed assets | 22/27 | €3,070 | €2,000 | -€1,071 | -34.9% |
| Furniture and vehicles | 24 | €3,070 | €2,000 | -€1,071 | -34.9% |
| Financial fixed assets | 28 | €41 | €41 | = | 0.0% |
| Current assets | 29/58 | €245,880 | €160,025 | -€85,855 | -34.9% |
| Stocks and contracts in progress | 3 | €11,622 | €12,123 | +€501 | +4.3% |
| Stocks | 30/36 | €11,622 | €12,123 | +€501 | +4.3% |
| Amounts receivable within one year | 40/41 | €102,995 | €108,097 | +€5,102 | +5.0% |
| Trade receivables | 40 | €97,596 | €98,657 | +€1,061 | +1.1% |
| Other amounts receivable | 41 | €5,399 | €9,440 | +€4,041 | +74.8% |
| Cash at bank and in hand | 54/58 | €131,262 | €39,805 | -€91,457 | -69.7% |
| Total equity and liabilities | 10/49 | €248,991 | €162,066 | -€86,925 | -34.9% |
| Equity | 10/15 | €81,254 | €88,006 | +€6,752 | +8.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €432 | €432 | = | 0.0% |
| Non-distributable reserves | 130/1 | €432 | €432 | = | 0.0% |
| Reserves not available under the articles | 1311 | €432 | €432 | = | 0.0% |
| Profit (loss) carried forward | 14 | €62,222 | €68,974 | +€6,752 | +10.9% |
| Amounts payable | 17/49 | €167,737 | €74,060 | -€93,677 | -55.8% |
| Amounts payable within one year | 42/48 | €167,737 | €74,060 | -€93,677 | -55.8% |
| Current portion of amounts payable after more than one year | 42 | €11,905 | €11,974 | +€68 | +0.6% |
| Trade debts | 44 | €827 | €4,887 | +€4,060 | +491% |
| Suppliers | 440/4 | €827 | €4,887 | +€4,060 | +491% |
| Taxes, remuneration and social security | 45 | €20,227 | €14,379 | -€5,848 | -28.9% |
| Taxes | 450/3 | €20,227 | €14,379 | -€5,848 | -28.9% |
| Other amounts payable | 47/48 | €134,778 | €42,821 | -€91,957 | -68.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €393 | €1,129 | +€737 | +188% |
| Other operating charges | 640/8 | €6,161 | €997 | -€5,164 | -83.8% |
| Gross operating margin | 9900 | €30,408 | €59,654 | +€29,246 | +96.2% |
| Operating profit (loss) | 9901 | €23,854 | €57,528 | +€33,673 | +141% |
| Financial income | 75/76B | €14,276 | €901 | -€13,375 | -93.7% |
| Recurring financial income | 75 | €14,276 | €901 | -€13,375 | -93.7% |
| Financial charges | 65/66B | €831 | €913 | +€82 | +9.8% |
| Recurring financial charges | 65 | €831 | €913 | +€82 | +9.8% |
| Profit (loss) for the period before taxes | 9903 | €37,299 | €57,516 | +€20,217 | +54.2% |
| Income taxes | 67/77 | €9,601 | €10,959 | +€1,358 | +14.1% |
| Profit (loss) for the period | 9904 | €27,698 | €46,557 | +€18,858 | +68.1% |
| Profit (loss) for the period to be appropriated | 9905 | €27,698 | €46,557 | +€18,858 | +68.1% |
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 26 October 2026 via checked.be.