KDR Engineering: 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 Engineering
Largest movements
- Current investments +€50,000
up €50,000 (+1,000%), from €5,000 to €55,000
- Tangible fixed assets -€21,053
down €21,053 (-24.2%), from €86,999 to €65,946
- Receivables within one year +€6,790
up €6,790 (+213%), from €3,189 to €9,978
of which Trade receivables: +€7,467
- Cash +€3,913
up €3,913 (+13.3%), from €29,476 to €33,389
mainly Net result for the year (+€47,589) and Depreciation (+€21,156)
- Reserves +€45,923
up €45,923 (+163%), from €28,173 to €74,095
- Debts after one year -€15,284
down €15,284 (-26.5%), from €57,647 to €42,363
- Tax, wage and social debts +€5,785
up €5,785 (+29.4%), from €19,676 to €25,461
- Trade debts +€1,947
up €1,947 (+90.2%), from €2,157 to €4,104
- Gross operating margin +€25,982
up €25,982 (+43.7%), from €59,503 to €85,485
- Depreciation +€5,058
up €5,058 (+31.4%), from €16,098 to €21,156
- Taxes +€4,498
up €4,498 (+54.8%), from €8,210 to €12,708
- Other operating charges -€1,631
down €1,631 (-55.0%), from €2,966 to €1,335
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 | €125,850 | €164,866 | +€39,015 | +31.0% |
| Formation expenses | 20 | €103 | - | -€103 | |
| Fixed assets | 21/28 | €86,999 | €65,946 | -€21,053 | -24.2% |
| Tangible fixed assets | 22/27 | €86,999 | €65,946 | -€21,053 | -24.2% |
| Furniture and vehicles | 24 | €86,999 | €65,946 | -€21,053 | -24.2% |
| Current assets | 29/58 | €38,748 | €98,920 | +€60,172 | +155% |
| Amounts receivable within one year | 40/41 | €3,189 | €9,978 | +€6,790 | +213% |
| Trade receivables | 40 | €2,512 | €9,978 | +€7,467 | +297% |
| Other amounts receivable | 41 | €677 | - | -€677 | |
| Current investments | 50/53 | €5,000 | €55,000 | +€50,000 | +1,000% |
| Cash at bank and in hand | 54/58 | €29,476 | €33,389 | +€3,913 | +13.3% |
| Deferred charges and accrued income | 490/1 | €1,084 | €553 | -€531 | -49.0% |
| Total equity and liabilities | 10/49 | €125,850 | €164,866 | +€39,015 | +31.0% |
| Equity | 10/15 | €30,673 | €76,595 | +€45,923 | +150% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €28,173 | €74,095 | +€45,923 | +163% |
| Distributable reserves | 133 | €28,173 | €74,095 | +€45,923 | +163% |
| Amounts payable | 17/49 | €95,178 | €88,271 | -€6,907 | -7.3% |
| Amounts payable after more than one year | 17 | €57,647 | €42,363 | -€15,284 | -26.5% |
| Financial debts | 170/4 | €57,647 | €42,363 | -€15,284 | -26.5% |
| Amounts payable within one year | 42/48 | €37,531 | €45,434 | +€7,903 | +21.1% |
| Current portion of amounts payable after more than one year | 42 | €14,031 | €15,284 | +€1,252 | +8.9% |
| Trade debts | 44 | €2,157 | €4,104 | +€1,947 | +90.2% |
| Suppliers | 440/4 | €2,157 | €4,104 | +€1,947 | +90.2% |
| Taxes, remuneration and social security | 45 | €19,676 | €25,461 | +€5,785 | +29.4% |
| Taxes | 450/3 | €19,676 | €25,461 | +€5,785 | +29.4% |
| Other amounts payable | 47/48 | €1,666 | €585 | -€1,081 | -64.9% |
| Accrued charges and deferred income | 492/3 | - | €474 | +€474 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,098 | €21,156 | +€5,058 | +31.4% |
| Other operating charges | 640/8 | €2,966 | €1,335 | -€1,631 | -55.0% |
| Gross operating margin | 9900 | €59,503 | €85,485 | +€25,982 | +43.7% |
| Operating profit (loss) | 9901 | €40,439 | €62,994 | +€22,555 | +55.8% |
| Financial income | 75/76B | €21 | €0 | -€21 | -100.0% |
| Recurring financial income | 75 | €21 | €0 | -€21 | -100.0% |
| Financial charges | 65/66B | €2,411 | €2,697 | +€286 | +11.9% |
| Recurring financial charges | 65 | €2,411 | €2,697 | +€286 | +11.9% |
| Profit (loss) for the period before taxes | 9903 | €38,049 | €60,297 | +€22,248 | +58.5% |
| Income taxes | 67/77 | €8,210 | €12,708 | +€4,498 | +54.8% |
| Profit (loss) for the period | 9904 | €29,839 | €47,589 | +€17,750 | +59.5% |
| Profit (loss) for the period to be appropriated | 9905 | €29,839 | €47,589 | +€17,750 | +59.5% |
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 15 October 2026 via checked.be.