KDR: 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.
KDR
Largest movements
- Cash +€19,501
up €19,501 (+1917.8%), from €1,017 to €20,517
mainly Depreciation (+€13,319) and Net result for the year (+€10,466)
- Tangible fixed assets -€8,672
down €8,672 (-12.3%), from €70,217 to €61,545
of which Land and buildings: -€8,124
- Receivables within one year +€3,932
up €3,932 (+8.8%), from €44,547 to €48,479
of which Other amounts receivable: +€4,387
- Reserves +€10,466
up €10,466 (+13.2%), from €79,218 to €89,683
of which Distributable reserves: +€10,466
- Tax, wage and social debts +€5,187
up €5,187 (+263.1%), from €1,971 to €7,158
- Gross operating margin +€25,313
up €25,313 (+3862.5%), from €655 to €25,968
- Taxes +€1,065
up €1,065 (+169.8%), from €627 to €1,692
- Financial income -€681
down €681 (-29.1%), from €2,336 to €1,655
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 | €117,432 | €134,011 | +€16,579 | +14.1% |
| Fixed assets | 21/28 | €70,217 | €62,825 | -€7,391 | -10.5% |
| Intangible fixed assets | 21 | - | €1,280 | +€1,280 | |
| Tangible fixed assets | 22/27 | €70,217 | €61,545 | -€8,672 | -12.3% |
| Land and buildings | 22 | €60,550 | €52,426 | -€8,124 | -13.4% |
| Plant, machinery and equipment | 23 | €215 | €3,254 | +€3,039 | +1411.7% |
| Furniture and vehicles | 24 | €9,452 | €5,865 | -€3,587 | -37.9% |
| Current assets | 29/58 | €47,216 | €71,186 | +€23,971 | +50.8% |
| Amounts receivable within one year | 40/41 | €44,547 | €48,479 | +€3,932 | +8.8% |
| Trade receivables | 40 | €548 | €93 | -€455 | -83.0% |
| Other amounts receivable | 41 | €43,998 | €48,386 | +€4,387 | +10.0% |
| Cash at bank and in hand | 54/58 | €1,017 | €20,517 | +€19,501 | +1917.8% |
| Deferred charges and accrued income | 490/1 | €1,652 | €2,190 | +€538 | +32.5% |
| Total equity and liabilities | 10/49 | €117,432 | €134,011 | +€16,579 | +14.1% |
| Equity | 10/15 | €115,283 | €125,748 | +€10,466 | +9.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €79,218 | €89,683 | +€10,466 | +13.2% |
| Non-distributable reserves | 130/1 | €3,839 | €3,839 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,839 | €3,839 | = | 0.0% |
| Distributable reserves | 133 | €75,379 | €85,845 | +€10,466 | +13.9% |
| Profit (loss) carried forward | 14 | €17,465 | €17,465 | = | 0.0% |
| Amounts payable | 17/49 | €2,150 | €8,263 | +€6,114 | +284.4% |
| Amounts payable within one year | 42/48 | €2,150 | €8,263 | +€6,114 | +284.4% |
| Trade debts | 44 | €178 | €1,105 | +€927 | +519.9% |
| Suppliers | 440/4 | €178 | €1,105 | +€927 | +519.9% |
| Taxes, remuneration and social security | 45 | €1,971 | €7,158 | +€5,187 | +263.1% |
| Taxes | 450/3 | €1,971 | €7,158 | +€5,187 | +263.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,516 | €13,319 | -€197 | -1.5% |
| Other operating charges | 640/8 | €1,614 | €1,659 | +€45 | +2.8% |
| Gross operating margin | 9900 | €655 | €25,968 | +€25,313 | +3862.5% |
| Operating profit (loss) | 9901 | -€14,475 | €10,990 | +€25,465 | |
| Financial income | 75/76B | €2,336 | €1,655 | -€681 | -29.1% |
| Recurring financial income | 75 | €2,336 | €1,655 | -€681 | -29.1% |
| Financial charges | 65/66B | €247 | €488 | +€241 | +97.9% |
| Recurring financial charges | 65 | €247 | €488 | +€241 | +97.9% |
| Profit (loss) for the period before taxes | 9903 | -€12,386 | €12,157 | +€24,543 | |
| Income taxes | 67/77 | €627 | €1,692 | +€1,065 | +169.8% |
| Profit (loss) for the period | 9904 | -€13,013 | €10,466 | +€23,478 | |
| Profit (loss) for the period to be appropriated | 9905 | -€13,013 | €10,466 | +€23,478 |
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 29 September 2026 via checked.be.