KDR CONSULTANCY: 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 CONSULTANCY
Largest movements
- Receivables within one year +€32,274
up €32,274 (+29.5%), from €109,248 to €141,522
of which Other amounts receivable: +€19,924
- Receivables after one year -€32,000
no longer reported in 2025 (was €32,000)
- Current investments +€16,800
new in 2025: €16,800
- Tangible fixed assets -€7,653
down €7,653 (-4.1%), from €187,429 to €179,775
of which Land and buildings: -€5,647
- Other debts -€59,760
down €59,760 (-98.0%), from €60,960 to €1,200
- Reserves +€57,400
up €57,400 (+53.0%), from €108,360 to €165,760
- Tax, wage and social debts +€18,507
up €18,507 (+117.9%), from €15,695 to €34,202
- Debts after one year -€17,841
down €17,841 (-11.8%), from €150,833 to €132,992
- Advances received +€14,149
new in 2025: €14,149
- Gross operating margin +€60,867
up €60,867 (+89.5%), from €68,045 to €128,912
- Taxes +€17,857
up €17,857 (+177.1%), from €10,081 to €27,938
- Financial charges -€3,611
down €3,611 (-26.4%), from €13,691 to €10,080
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 | €388,847 | €403,717 | +€14,871 | +3.8% |
| Fixed assets | 21/28 | €187,429 | €179,775 | -€7,653 | -4.1% |
| Tangible fixed assets | 22/27 | €187,429 | €179,775 | -€7,653 | -4.1% |
| Land and buildings | 22 | €181,350 | €175,703 | -€5,647 | -3.1% |
| Plant, machinery and equipment | 23 | €912 | €608 | -€304 | -33.3% |
| Furniture and vehicles | 24 | €5,166 | €3,464 | -€1,702 | -32.9% |
| Current assets | 29/58 | €201,418 | €223,942 | +€22,524 | +11.2% |
| Amounts receivable after more than one year | 29 | €32,000 | - | -€32,000 | |
| Other amounts receivable | 291 | €32,000 | - | -€32,000 | |
| Amounts receivable within one year | 40/41 | €109,248 | €141,522 | +€32,274 | +29.5% |
| Trade receivables | 40 | €18,150 | €30,500 | +€12,350 | +68.0% |
| Other amounts receivable | 41 | €91,098 | €111,022 | +€19,924 | +21.9% |
| Current investments | 50/53 | - | €16,800 | +€16,800 | |
| Cash at bank and in hand | 54/58 | €55,620 | €59,364 | +€3,744 | +6.7% |
| Deferred charges and accrued income | 490/1 | €4,550 | €6,257 | +€1,707 | +37.5% |
| Total equity and liabilities | 10/49 | €388,847 | €403,717 | +€14,871 | +3.8% |
| Equity | 10/15 | €137,817 | €195,271 | +€57,453 | +41.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €108,360 | €165,760 | +€57,400 | +53.0% |
| Distributable reserves | 133 | €108,360 | €165,760 | +€57,400 | +53.0% |
| Profit (loss) carried forward | 14 | €17,057 | €17,111 | +€53 | +0.3% |
| Amounts payable | 17/49 | €251,029 | €208,446 | -€42,583 | -17.0% |
| Amounts payable after more than one year | 17 | €150,833 | €132,992 | -€17,841 | -11.8% |
| Financial debts | 170/4 | €150,833 | €132,992 | -€17,841 | -11.8% |
| Amounts payable within one year | 42/48 | €100,196 | €75,454 | -€24,741 | -24.7% |
| Current portion of amounts payable after more than one year | 42 | €20,353 | €21,888 | +€1,535 | +7.5% |
| Trade debts | 44 | €3,187 | €4,014 | +€827 | +25.9% |
| Suppliers | 440/4 | €3,187 | €4,014 | +€827 | +25.9% |
| Advances received on contracts in progress | 46 | - | €14,149 | +€14,149 | |
| Taxes, remuneration and social security | 45 | €15,695 | €34,202 | +€18,507 | +117.9% |
| Taxes | 450/3 | €15,695 | €34,202 | +€18,507 | +117.9% |
| Other amounts payable | 47/48 | €60,960 | €1,200 | -€59,760 | -98.0% |
| Non-recurring operating income | 76A | - | €9,068 | +€9,068 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,017 | €8,522 | -€494 | -5.5% |
| Other operating charges | 640/8 | €2,173 | €3,061 | +€889 | +40.9% |
| Non-recurring operating charges | 66A | - | €19,858 | +€19,858 | |
| Gross operating margin | 9900 | €68,045 | €128,912 | +€60,867 | +89.5% |
| Operating profit (loss) | 9901 | €56,856 | €97,471 | +€40,615 | +71.4% |
| Financial charges | 65/66B | €13,691 | €10,080 | -€3,611 | -26.4% |
| Recurring financial charges | 65 | €13,691 | €10,080 | -€3,611 | -26.4% |
| Profit (loss) for the period before taxes | 9903 | €43,165 | €87,391 | +€44,227 | +102.5% |
| Income taxes | 67/77 | €10,081 | €27,938 | +€17,857 | +177.1% |
| Profit (loss) for the period | 9904 | €33,084 | €59,453 | +€26,370 | +79.7% |
| Profit (loss) for the period to be appropriated | 9905 | €33,084 | €59,453 | +€26,370 | +79.7% |
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 3 October 2026 via checked.be.