KDP Advice: 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.
KDP Advice
Largest movements
- Tangible fixed assets -€19,323
down €19,323 (-33.6%), from €57,513 to €38,190
- Cash -€7,187
down €7,187 (-31.2%), from €23,031 to €15,845
mainly Other debts (-€48,038) and Receivables within one year (-€6,509)
- Receivables within one year +€6,509
new in 2025: €6,509
- Other debts -€48,038
down €48,038 (-100.0%), from €48,038 to €0
- Reserves +€28,791
up €28,791 (+56.1%), from €51,282 to €80,073
- Tax, wage and social debts -€1,729
down €1,729 (-27.5%), from €6,294 to €4,566
of which Remuneration and social security: -€1,650
- Accrued charges and deferred income +€1,384
new in 2025: €1,384
- Gross operating margin -€32,808
down €32,808 (-34.5%), from €95,147 to €62,339
- Depreciation -€5,000
down €5,000 (-19.4%), from €25,782 to €20,782
- Taxes -€4,960
down €4,960 (-32.0%), from €15,509 to €10,549
- Financial charges +€1,272
up €1,272 (+322.5%), from €394 to €1,666
- Other operating charges -€1,110
down €1,110 (-55.5%), from €2,000 to €889
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 | €111,400 | €91,438 | -€19,961 | -17.9% |
| Fixed assets | 21/28 | €58,299 | €38,976 | -€19,323 | -33.1% |
| Tangible fixed assets | 22/27 | €57,513 | €38,190 | -€19,323 | -33.6% |
| Furniture and vehicles | 24 | €57,513 | €38,190 | -€19,323 | -33.6% |
| Financial fixed assets | 28 | €786 | €786 | = | 0.0% |
| Current assets | 29/58 | €53,100 | €52,462 | -€639 | -1.2% |
| Amounts receivable within one year | 40/41 | - | €6,509 | +€6,509 | |
| Other amounts receivable | 41 | - | €6,509 | +€6,509 | |
| Cash at bank and in hand | 54/58 | €23,031 | €15,845 | -€7,187 | -31.2% |
| Deferred charges and accrued income | 490/1 | €30,069 | €30,108 | +€39 | +0.1% |
| Total equity and liabilities | 10/49 | €111,400 | €91,438 | -€19,961 | -17.9% |
| Equity | 10/15 | €56,282 | €85,073 | +€28,791 | +51.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €51,282 | €80,073 | +€28,791 | +56.1% |
| Distributable reserves | 133 | €51,282 | €80,073 | +€28,791 | +56.1% |
| Amounts payable | 17/49 | €55,118 | €6,365 | -€48,753 | -88.5% |
| Amounts payable within one year | 42/48 | €55,118 | €4,982 | -€50,136 | -91.0% |
| Trade debts | 44 | €786 | €416 | -€370 | -47.1% |
| Suppliers | 440/4 | €786 | €416 | -€370 | -47.1% |
| Taxes, remuneration and social security | 45 | €6,294 | €4,566 | -€1,729 | -27.5% |
| Taxes | 450/3 | €2,994 | €2,916 | -€79 | -2.6% |
| Remuneration and social security | 454/9 | €3,300 | €1,650 | -€1,650 | -50.0% |
| Other amounts payable | 47/48 | €48,038 | €0 | -€48,038 | -100.0% |
| Accrued charges and deferred income | 492/3 | - | €1,384 | +€1,384 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,782 | €20,782 | -€5,000 | -19.4% |
| Other operating charges | 640/8 | €2,000 | €889 | -€1,110 | -55.5% |
| Non-recurring operating charges | 66A | €450 | - | -€450 | |
| Gross operating margin | 9900 | €95,147 | €62,339 | -€32,808 | -34.5% |
| Operating profit (loss) | 9901 | €66,915 | €40,668 | -€26,248 | -39.2% |
| Financial income | 75/76B | €270 | €339 | +€69 | +25.6% |
| Recurring financial income | 75 | €270 | €339 | +€69 | +25.6% |
| Financial charges | 65/66B | €394 | €1,666 | +€1,272 | +322.5% |
| Recurring financial charges | 65 | €394 | €1,666 | +€1,272 | +322.5% |
| Profit (loss) for the period before taxes | 9903 | €66,791 | €39,340 | -€27,451 | -41.1% |
| Income taxes | 67/77 | €15,509 | €10,549 | -€4,960 | -32.0% |
| Profit (loss) for the period | 9904 | €51,282 | €28,791 | -€22,490 | -43.9% |
| Profit (loss) for the period to be appropriated | 9905 | €51,282 | €28,791 | -€22,490 | -43.9% |
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 11 October 2026 via checked.be.