KDS Concept: 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.
KDS Concept
Largest movements
- Tangible fixed assets -€33,339
down €33,339 (-10.3%), from €323,184 to €289,845
of which Plant, machinery and equipment: -€33,319
- Cash +€17,418
up €17,418 (+4.7%), from €367,569 to €384,987
mainly Other debts (+€206,078) and Depreciation (+€44,422)
- Receivables within one year +€11,275
new in 2025: €11,275
- Profit (loss) carried forward -€222,393
no longer reported in 2025 (was €222,393)
- Other debts +€206,078
up €206,078 (+6852.1%), from €3,008 to €209,086
- Debts after one year -€52,655
down €52,655 (-24.3%), from €216,919 to €164,264
- Tax, wage and social debts +€36,061
up €36,061 (+47.8%), from €75,456 to €111,518
of which Taxes: +€21,685
- Trade debts +€16,327
up €16,327 (+7.5%), from €218,285 to €234,612
- Gross operating margin -€122,106
down €122,106 (-21.4%), from €570,037 to €447,931
- Staff costs -€14,614
down €14,614 (-4.0%), from €368,103 to €353,489
- Taxes -€11,338
down €11,338 (-71.2%), from €15,933 to €4,595
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 | €788,524 | €782,964 | -€5,560 | -0.7% |
| Fixed assets | 21/28 | €333,910 | €300,571 | -€33,339 | -10.0% |
| Tangible fixed assets | 22/27 | €323,184 | €289,845 | -€33,339 | -10.3% |
| Plant, machinery and equipment | 23 | €320,774 | €287,455 | -€33,319 | -10.4% |
| Furniture and vehicles | 24 | €2,410 | €2,390 | -€20 | -0.8% |
| Financial fixed assets | 28 | €10,726 | €10,726 | = | 0.0% |
| Current assets | 29/58 | €454,614 | €482,393 | +€27,778 | +6.1% |
| Stocks and contracts in progress | 3 | €79,953 | €78,892 | -€1,061 | -1.3% |
| Stocks | 30/36 | €79,953 | €78,892 | -€1,061 | -1.3% |
| Amounts receivable within one year | 40/41 | - | €11,275 | +€11,275 | |
| Other amounts receivable | 41 | - | €11,275 | +€11,275 | |
| Cash at bank and in hand | 54/58 | €367,569 | €384,987 | +€17,418 | +4.7% |
| Deferred charges and accrued income | 490/1 | €7,093 | €7,239 | +€146 | +2.1% |
| Total equity and liabilities | 10/49 | €788,524 | €782,964 | -€5,560 | -0.7% |
| Equity | 10/15 | €227,393 | €5,000 | -€222,393 | -97.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €222,393 | - | -€222,393 | |
| Amounts payable | 17/49 | €561,131 | €777,964 | +€216,833 | +38.6% |
| Amounts payable after more than one year | 17 | €216,919 | €164,264 | -€52,655 | -24.3% |
| Financial debts | 170/4 | €216,919 | €164,264 | -€52,655 | -24.3% |
| Amounts payable within one year | 42/48 | €343,835 | €607,871 | +€264,036 | +76.8% |
| Current portion of amounts payable after more than one year | 42 | €47,086 | €52,655 | +€5,569 | +11.8% |
| Trade debts | 44 | €218,285 | €234,612 | +€16,327 | +7.5% |
| Suppliers | 440/4 | €218,285 | €234,612 | +€16,327 | +7.5% |
| Taxes, remuneration and social security | 45 | €75,456 | €111,518 | +€36,061 | +47.8% |
| Taxes | 450/3 | €19,042 | €40,727 | +€21,685 | +113.9% |
| Remuneration and social security | 454/9 | €56,414 | €70,791 | +€14,377 | +25.5% |
| Other amounts payable | 47/48 | €3,008 | €209,086 | +€206,078 | +6852.1% |
| Accrued charges and deferred income | 492/3 | €377 | €5,829 | +€5,452 | +1446.0% |
| Remuneration, social security and pensions | 62 | €368,103 | €353,489 | -€14,614 | -4.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,288 | €44,422 | +€1,134 | +2.6% |
| Other operating charges | 640/8 | €2,061 | €2,343 | +€282 | +13.7% |
| Non-recurring operating charges | 66A | €5 | - | -€5 | |
| Gross operating margin | 9900 | €570,037 | €447,931 | -€122,106 | -21.4% |
| Operating profit (loss) | 9901 | €156,581 | €47,677 | -€108,904 | -69.6% |
| Financial income | 75/76B | €175 | €339 | +€164 | +93.9% |
| Recurring financial income | 75 | €175 | €339 | +€164 | +93.9% |
| Financial charges | 65/66B | €21,950 | €24,937 | +€2,987 | +13.6% |
| Recurring financial charges | 65 | €21,950 | €24,937 | +€2,987 | +13.6% |
| Profit (loss) for the period before taxes | 9903 | €134,806 | €23,079 | -€111,726 | -82.9% |
| Income taxes | 67/77 | €15,933 | €4,595 | -€11,338 | -71.2% |
| Profit (loss) for the period | 9904 | €118,873 | €18,485 | -€100,388 | -84.5% |
| Profit (loss) for the period to be appropriated | 9905 | €118,873 | €18,485 | -€100,388 | -84.5% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.