KDS CONSULTING: 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 CONSULTING
Largest movements
- Tangible fixed assets +€46,654
up €46,654 (+49.3%), from €94,555 to €141,208
of which Furniture and vehicles: +€52,821
- Cash +€15,032
up €15,032 (+33.5%), from €44,885 to €59,917
mainly Net result for the year (+€69,470) and Depreciation (+€29,607)
- Reserves +€69,470
up €69,470 (+20.5%), from €339,001 to €408,471
- Short-term financial debts +€20,000
new in 2025: €20,000
- Other debts -€12,771
no longer reported in 2025 (was €12,771)
- Debts after one year -€12,238
down €12,238 (-51.7%), from €23,670 to €11,432
- Gross operating margin +€12,121
up €12,121 (+8.8%), from €138,059 to €150,180
- Financial charges +€6,180
up €6,180 (+495%), from €1,249 to €7,430
of which Non-recurring financial charges: +€5,189
- Depreciation +€6,168
up €6,168 (+26.3%), from €23,439 to €29,607
- Other operating charges +€2,055
up €2,055 (+209%), from €981 to €3,036
- Taxes -€1,575
down €1,575 (-3.9%), from €40,099 to €38,524
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 | €438,967 | €499,004 | +€60,036 | +13.7% |
| Fixed assets | 21/28 | €94,555 | €141,208 | +€46,654 | +49.3% |
| Tangible fixed assets | 22/27 | €94,555 | €141,208 | +€46,654 | +49.3% |
| Land and buildings | 22 | €36,104 | €32,455 | -€3,649 | -10.1% |
| Plant, machinery and equipment | 23 | €8,168 | €6,094 | -€2,073 | -25.4% |
| Furniture and vehicles | 24 | €48,550 | €101,371 | +€52,821 | +109% |
| Other tangible fixed assets | 26 | €1,734 | €1,288 | -€446 | -25.7% |
| Current assets | 29/58 | €344,413 | €357,795 | +€13,382 | +3.9% |
| Amounts receivable within one year | 40/41 | €201,155 | €199,181 | -€1,974 | -1.0% |
| Trade receivables | 40 | €64,779 | €51,874 | -€12,905 | -19.9% |
| Other amounts receivable | 41 | €136,376 | €147,308 | +€10,932 | +8.0% |
| Current investments | 50/53 | €96,859 | €98,697 | +€1,838 | +1.9% |
| Cash at bank and in hand | 54/58 | €44,885 | €59,917 | +€15,032 | +33.5% |
| Deferred charges and accrued income | 490/1 | €1,514 | - | -€1,514 | |
| Total equity and liabilities | 10/49 | €438,967 | €499,004 | +€60,036 | +13.7% |
| Equity | 10/15 | €357,551 | €427,021 | +€69,470 | +19.4% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €339,001 | €408,471 | +€69,470 | +20.5% |
| Distributable reserves | 133 | €339,001 | €408,471 | +€69,470 | +20.5% |
| Amounts payable | 17/49 | €81,417 | €71,983 | -€9,434 | -11.6% |
| Amounts payable after more than one year | 17 | €23,670 | €11,432 | -€12,238 | -51.7% |
| Financial debts | 170/4 | €23,670 | €11,432 | -€12,238 | -51.7% |
| Amounts payable within one year | 42/48 | €57,747 | €60,551 | +€2,804 | +4.9% |
| Current portion of amounts payable after more than one year | 42 | €11,999 | €12,238 | +€239 | +2.0% |
| Financial debts | 43 | - | €20,000 | +€20,000 | |
| Other loans | 439 | - | €20,000 | +€20,000 | |
| Trade debts | 44 | €12,821 | €12,100 | -€720 | -5.6% |
| Suppliers | 440/4 | €12,821 | €12,100 | -€720 | -5.6% |
| Taxes, remuneration and social security | 45 | €20,155 | €16,212 | -€3,943 | -19.6% |
| Taxes | 450/3 | €20,155 | €16,212 | -€3,943 | -19.6% |
| Other amounts payable | 47/48 | €12,771 | - | -€12,771 | |
| Non-recurring operating income | 76A | - | €331 | +€331 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,439 | €29,607 | +€6,168 | +26.3% |
| Other operating charges | 640/8 | €981 | €3,036 | +€2,055 | +209% |
| Non-recurring operating charges | 66A | - | €5,289 | +€5,289 | |
| Gross operating margin | 9900 | €138,059 | €150,180 | +€12,121 | +8.8% |
| Operating profit (loss) | 9901 | €113,638 | €112,248 | -€1,391 | -1.2% |
| Financial income | 75/76B | €3,589 | €3,176 | -€414 | -11.5% |
| Recurring financial income | 75 | €3,589 | €3,176 | -€414 | -11.5% |
| Financial charges | 65/66B | €1,249 | €7,430 | +€6,180 | +495% |
| Recurring financial charges | 65 | €1,249 | €2,241 | +€992 | +79.4% |
| Non-recurring financial charges | 66B | - | €5,189 | +€5,189 | |
| Profit (loss) for the period before taxes | 9903 | €115,978 | €107,994 | -€7,985 | -6.9% |
| Income taxes | 67/77 | €40,099 | €38,524 | -€1,575 | -3.9% |
| Profit (loss) for the period | 9904 | €75,880 | €69,470 | -€6,409 | -8.4% |
| Profit (loss) for the period to be appropriated | 9905 | €75,880 | €69,470 | -€6,409 | -8.4% |
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.