KDR CONSULTING: what changed
KDR CONSULTING
Largest movements
- Receivables after one year +€85,500
up €85,500 (+57.6%), from €148,500 to €234,000
- Tangible fixed assets -€34,488
down €34,488 (-21.6%), from €159,586 to €125,098
of which Furniture and vehicles: -€34,488
- Deferred charges and accrued income +€11,999
up €11,999 (+47.3%), from €25,380 to €37,379
- Cash -€6,776
down €6,776 (-30.8%), from €21,976 to €15,200
mainly Contributions, distributions and other (-€88,235) and Receivables after one year (-€85,500)
- Other debts +€170,730
up €170,730 (+233%), from €73,360 to €244,090
- Profit (loss) carried forward -€79,026
down €79,026 (-32.3%), from €244,301 to €165,275
- Debts after one year -€27,590
down €27,590 (-28.1%), from €98,125 to €70,535
- Gross operating margin -€31,467
down €31,467 (-37.4%), from €84,041 to €52,574
- Financial income -€12,222
down €12,222 (-41.3%), from €29,581 to €17,358
of which Non-recurring financial income: -€15,842
- Taxes -€12,055
down €12,055 (-56.1%), from €21,507 to €9,452
- Depreciation +€12,000
up €12,000 (+53.4%), from €22,488 to €34,488
- Financial charges +€6,159
up €6,159 (+64.1%), from €9,611 to €15,770
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €484,834 | €547,840 | +€63,006 | +13.0% |
| Fixed assets | 21/28 | €159,586 | €125,098 | -€34,488 | -21.6% |
| Tangible fixed assets | 22/27 | €159,586 | €125,098 | -€34,488 | -21.6% |
| Furniture and vehicles | 24 | €149,952 | €115,464 | -€34,488 | -23.0% |
| Other tangible fixed assets | 26 | €9,634 | €9,634 | = | 0.0% |
| Current assets | 29/58 | €325,248 | €422,742 | +€97,494 | +30.0% |
| Amounts receivable after more than one year | 29 | €148,500 | €234,000 | +€85,500 | +57.6% |
| Other amounts receivable | 291 | €148,500 | €234,000 | +€85,500 | +57.6% |
| Amounts receivable within one year | 40/41 | €1,699 | €5,236 | +€3,537 | +208% |
| Trade receivables | 40 | €1,602 | €0 | -€1,602 | -100% |
| Other amounts receivable | 41 | €97 | €5,236 | +€5,139 | +5,308% |
| Current investments | 50/53 | €127,692 | €130,926 | +€3,234 | +2.5% |
| Cash at bank and in hand | 54/58 | €21,976 | €15,200 | -€6,776 | -30.8% |
| Deferred charges and accrued income | 490/1 | €25,380 | €37,379 | +€11,999 | +47.3% |
| Total equity and liabilities | 10/49 | €484,834 | €547,840 | +€63,006 | +13.0% |
| Equity | 10/15 | €264,761 | €185,735 | -€79,026 | -29.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €244,301 | €165,275 | -€79,026 | -32.3% |
| Amounts payable | 17/49 | €220,074 | €362,106 | +€142,032 | +64.5% |
| Amounts payable after more than one year | 17 | €98,125 | €70,535 | -€27,590 | -28.1% |
| Financial debts | 170/4 | €98,125 | €70,535 | -€27,590 | -28.1% |
| Amounts payable within one year | 42/48 | €118,411 | €285,112 | +€166,701 | +141% |
| Current portion of amounts payable after more than one year | 42 | €26,700 | €27,590 | +€890 | +3.3% |
| Financial debts | 43 | €4,788 | €3,667 | -€1,121 | -23.4% |
| Credit institutions | 430/8 | €4,788 | €3,667 | -€1,121 | -23.4% |
| Trade debts | 44 | €2,223 | €1,795 | -€427 | -19.2% |
| Suppliers | 440/4 | €2,223 | €1,795 | -€427 | -19.2% |
| Taxes, remuneration and social security | 45 | €11,341 | €7,969 | -€3,371 | -29.7% |
| Taxes | 450/3 | €11,341 | €7,969 | -€3,371 | -29.7% |
| Other amounts payable | 47/48 | €73,360 | €244,090 | +€170,730 | +233% |
| Accrued charges and deferred income | 492/3 | €3,537 | €6,459 | +€2,921 | +82.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,488 | €34,488 | +€12,000 | +53.4% |
| Other operating charges | 640/8 | €1,036 | €1,013 | -€22 | -2.2% |
| Gross operating margin | 9900 | €84,041 | €52,574 | -€31,467 | -37.4% |
| Operating profit (loss) | 9901 | €60,517 | €17,073 | -€43,444 | -71.8% |
| Financial income | 75/76B | €29,581 | €17,358 | -€12,222 | -41.3% |
| Recurring financial income | 75 | €13,738 | €17,358 | +€3,620 | +26.4% |
| Non-recurring financial income | 76B | €15,842 | €0 | -€15,842 | -100% |
| Financial charges | 65/66B | €9,611 | €15,770 | +€6,159 | +64.1% |
| Recurring financial charges | 65 | €9,611 | €15,770 | +€6,159 | +64.1% |
| Profit (loss) for the period before taxes | 9903 | €80,487 | €18,661 | -€61,826 | -76.8% |
| Income taxes | 67/77 | €21,507 | €9,452 | -€12,055 | -56.1% |
| Profit (loss) for the period | 9904 | €58,980 | €9,210 | -€49,770 | -84.4% |
| Profit (loss) for the period to be appropriated | 9905 | €58,980 | €9,210 | -€49,770 | -84.4% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.