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 -€27,055
down €27,055 (-15.7%), from €172,048 to €144,993
mainly Contributions, distributions and other (-€114,386) and Trade debts (-€1,165)
- Receivables within one year -€6,337
down €6,337 (-45.4%), from €13,947 to €7,610
of which Other amounts receivable: -€5,856
- Profit (loss) carried forward -€41,571
down €41,571 (-33.4%), from €124,386 to €82,815
- Contributions +€10,000
up €10,000 (+100.0%), from €10,000 to €20,000
- Gross operating margin +€85,915
up €85,915 (+426.2%), from €20,157 to €106,073
- Taxes +€17,356
up €17,356 (+484.5%), from €3,582 to €20,938
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 | €185,994 | €152,602 | -€33,392 | -18.0% |
| Current assets | 29/58 | €185,994 | €152,602 | -€33,392 | -18.0% |
| Amounts receivable within one year | 40/41 | €13,947 | €7,610 | -€6,337 | -45.4% |
| Trade receivables | 40 | €8,029 | €7,548 | -€481 | -6.0% |
| Other amounts receivable | 41 | €5,918 | €62 | -€5,856 | -99.0% |
| Cash at bank and in hand | 54/58 | €172,048 | €144,993 | -€27,055 | -15.7% |
| Total equity and liabilities | 10/49 | €185,994 | €152,602 | -€33,392 | -18.0% |
| Equity | 10/15 | €134,386 | €102,815 | -€31,571 | -23.5% |
| Contributions | 10/11 | €10,000 | €20,000 | +€10,000 | +100.0% |
| Profit (loss) carried forward | 14 | €124,386 | €82,815 | -€41,571 | -33.4% |
| Amounts payable | 17/49 | €51,608 | €49,788 | -€1,820 | -3.5% |
| Amounts payable after more than one year | 17 | €40,000 | €40,000 | = | 0.0% |
| Financial debts | 170/4 | €40,000 | €40,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €2,917 | €1,266 | -€1,651 | -56.6% |
| Trade debts | 44 | €1,180 | €15 | -€1,165 | -98.8% |
| Suppliers | 440/4 | €1,180 | €15 | -€1,165 | -98.8% |
| Taxes, remuneration and social security | 45 | €1,720 | €1,235 | -€486 | -28.2% |
| Taxes | 450/3 | €1,720 | €1,235 | -€486 | -28.2% |
| Other amounts payable | 47/48 | €17 | €17 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €8,692 | €8,522 | -€170 | -2.0% |
| Other operating charges | 640/8 | €612 | €680 | +€69 | +11.3% |
| Gross operating margin | 9900 | €20,157 | €106,073 | +€85,915 | +426.2% |
| Operating profit (loss) | 9901 | €19,546 | €105,392 | +€85,846 | +439.2% |
| Financial charges | 65/66B | €1,635 | €1,639 | +€4 | +0.3% |
| Recurring financial charges | 65 | €1,635 | €1,639 | +€4 | +0.3% |
| Profit (loss) for the period before taxes | 9903 | €17,911 | €103,753 | +€85,842 | +479.3% |
| Income taxes | 67/77 | €3,582 | €20,938 | +€17,356 | +484.5% |
| Profit (loss) for the period | 9904 | €14,329 | €82,815 | +€68,486 | +478.0% |
| Profit (loss) for the period to be appropriated | 9905 | €14,329 | €82,815 | +€68,486 | +478.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.