KDR BUILDING: 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.
KDR BUILDING
Largest movements
- Receivables within one year +€43,858
up €43,858 (+244%), from €18,006 to €61,864
of which Trade receivables: +€44,536
- Cash -€10,762
down €10,762 (-26.7%), from €40,240 to €29,478
mainly Receivables within one year (-€43,858) and Stocks and contracts (-€5,000)
- Stocks and contracts +€5,000
new in 2025: €5,000
- Deferred charges and accrued income -€3,312
down €3,312 (-73.8%), from €4,486 to €1,174
- Tangible fixed assets -€3,307
down €3,307 (-60.6%), from €5,458 to €2,151
of which Plant, machinery and equipment: -€1,781
- Profit (loss) carried forward +€19,017
up €19,017 (+68.5%), from -€27,751 to -€8,734
- Tax, wage and social debts +€6,545
up €6,545 (+155%), from €4,222 to €10,766
of which Taxes: +€8,589
- Trade debts +€3,706
up €3,706 (+29.0%), from €12,761 to €16,467
- Other debts +€2,210
up €2,210 (+8.5%), from €26,065 to €28,274
- Gross operating margin +€27,809
up €27,809, from -€1,492 to €26,318
- Financial charges -€650
down €650 (-44.7%), from €1,453 to €803
- Depreciation +€339
up €339 (+8.4%), from €4,049 to €4,387
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 | €69,491 | €100,968 | +€31,477 | +45.3% |
| Formation expenses | 20 | €1,300 | €1,300 | = | 0.0% |
| Fixed assets | 21/28 | €5,458 | €2,151 | -€3,307 | -60.6% |
| Tangible fixed assets | 22/27 | €5,458 | €2,151 | -€3,307 | -60.6% |
| Plant, machinery and equipment | 23 | €3,932 | €2,151 | -€1,781 | -45.3% |
| Furniture and vehicles | 24 | €1,527 | - | -€1,527 | |
| Current assets | 29/58 | €62,733 | €97,517 | +€34,785 | +55.4% |
| Stocks and contracts in progress | 3 | - | €5,000 | +€5,000 | |
| Stocks | 30/36 | - | €5,000 | +€5,000 | |
| Amounts receivable within one year | 40/41 | €18,006 | €61,864 | +€43,858 | +244% |
| Trade receivables | 40 | €15,920 | €60,456 | +€44,536 | +280% |
| Other amounts receivable | 41 | €2,086 | €1,409 | -€678 | -32.5% |
| Cash at bank and in hand | 54/58 | €40,240 | €29,478 | -€10,762 | -26.7% |
| Deferred charges and accrued income | 490/1 | €4,486 | €1,174 | -€3,312 | -73.8% |
| Total equity and liabilities | 10/49 | €69,491 | €100,968 | +€31,477 | +45.3% |
| Equity | 10/15 | €26,444 | €45,461 | +€19,017 | +71.9% |
| Contributions | 10/11 | €23,000 | €23,000 | = | 0.0% |
| Reserves | 13 | €31,195 | €31,195 | = | 0.0% |
| Distributable reserves | 133 | €31,195 | €31,195 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€27,751 | -€8,734 | +€19,017 | +68.5% |
| Amounts payable | 17/49 | €43,047 | €55,507 | +€12,460 | +28.9% |
| Amounts payable within one year | 42/48 | €43,047 | €55,507 | +€12,460 | +28.9% |
| Trade debts | 44 | €12,761 | €16,467 | +€3,706 | +29.0% |
| Suppliers | 440/4 | €12,761 | €16,467 | +€3,706 | +29.0% |
| Taxes, remuneration and social security | 45 | €4,222 | €10,766 | +€6,545 | +155% |
| Taxes | 450/3 | - | €8,589 | +€8,589 | |
| Remuneration and social security | 454/9 | €4,222 | €2,178 | -€2,044 | -48.4% |
| Other amounts payable | 47/48 | €26,065 | €28,274 | +€2,210 | +8.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,049 | €4,387 | +€339 | +8.4% |
| Other operating charges | 640/8 | €1,859 | €2,110 | +€251 | +13.5% |
| Gross operating margin | 9900 | -€1,492 | €26,318 | +€27,809 | |
| Operating profit (loss) | 9901 | -€7,399 | €19,820 | +€27,219 | |
| Financial charges | 65/66B | €1,453 | €803 | -€650 | -44.7% |
| Recurring financial charges | 65 | €1,453 | €803 | -€650 | -44.7% |
| Profit (loss) for the period before taxes | 9903 | -€8,852 | €19,017 | +€27,869 | |
| Profit (loss) for the period | 9904 | -€8,852 | €19,017 | +€27,869 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,852 | €19,017 | +€27,869 |
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 18 October 2026 via checked.be.