KDS GENT: 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 GENT
Largest movements
- Cash +€40,389
up €40,389 (+163%), from €24,831 to €65,220
mainly Other debts (+€179,084) and Net result for the year (+€91,550)
- Tangible fixed assets -€33,385
down €33,385 (-14.8%), from €226,336 to €192,951
- Receivables within one year +€11,563
up €11,563 (+67.6%), from €17,107 to €28,670
of which Trade receivables: +€17,800
- Other debts +€179,084
up €179,084 (+453%), from €39,557 to €218,641
- Reserves -€138,874
down €138,874 (-86.9%), from €159,732 to €20,857
- Debts after one year -€21,646
down €21,646 (-21.5%), from €100,793 to €79,147
- Tax, wage and social debts +€9,183
up €9,183 (+168%), from €5,470 to €14,653
- Current portion of long-term debt -€8,489
down €8,489 (-28.2%), from €30,135 to €21,646
- Gross operating margin +€26,491
up €26,491 (+9.4%), from €281,445 to €307,936
- Depreciation +€12,769
up €12,769 (+47.7%), from €26,793 to €39,562
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 | €370,838 | €391,018 | +€20,180 | +5.4% |
| Fixed assets | 21/28 | €226,336 | €192,951 | -€33,385 | -14.8% |
| Tangible fixed assets | 22/27 | €226,336 | €192,951 | -€33,385 | -14.8% |
| Land and buildings | 22 | €3,158 | €2,369 | -€790 | -25.0% |
| Plant, machinery and equipment | 23 | €91,506 | €79,728 | -€11,778 | -12.9% |
| Furniture and vehicles | 24 | €33,976 | €25,397 | -€8,578 | -25.2% |
| Other tangible fixed assets | 26 | €97,696 | €85,457 | -€12,239 | -12.5% |
| Current assets | 29/58 | €144,502 | €198,067 | +€53,565 | +37.1% |
| Stocks and contracts in progress | 3 | €16,772 | €16,176 | -€596 | -3.6% |
| Stocks | 30/36 | €16,772 | €16,176 | -€596 | -3.6% |
| Amounts receivable within one year | 40/41 | €17,107 | €28,670 | +€11,563 | +67.6% |
| Trade receivables | 40 | €10,870 | €28,670 | +€17,800 | +164% |
| Other amounts receivable | 41 | €6,237 | - | -€6,237 | |
| Current investments | 50/53 | €85,000 | €85,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €24,831 | €65,220 | +€40,389 | +163% |
| Deferred charges and accrued income | 490/1 | €791 | €3,001 | +€2,210 | +279% |
| Total equity and liabilities | 10/49 | €370,838 | €391,018 | +€20,180 | +5.4% |
| Equity | 10/15 | €180,192 | €39,457 | -€140,734 | -78.1% |
| Contributions | 10/11 | €20,460 | €18,600 | -€1,860 | -9.1% |
| Reserves | 13 | €159,732 | €20,857 | -€138,874 | -86.9% |
| Distributable reserves | 133 | €159,732 | €20,857 | -€138,874 | -86.9% |
| Amounts payable | 17/49 | €190,646 | €351,561 | +€160,914 | +84.4% |
| Amounts payable after more than one year | 17 | €100,793 | €79,147 | -€21,646 | -21.5% |
| Financial debts | 170/4 | €100,793 | €79,147 | -€21,646 | -21.5% |
| Amounts payable within one year | 42/48 | €89,854 | €272,414 | +€182,560 | +203% |
| Current portion of amounts payable after more than one year | 42 | €30,135 | €21,646 | -€8,489 | -28.2% |
| Trade debts | 44 | €14,692 | €17,473 | +€2,782 | +18.9% |
| Suppliers | 440/4 | €14,692 | €17,473 | +€2,782 | +18.9% |
| Taxes, remuneration and social security | 45 | €5,470 | €14,653 | +€9,183 | +168% |
| Taxes | 450/3 | €5,470 | €14,653 | +€9,183 | +168% |
| Other amounts payable | 47/48 | €39,557 | €218,641 | +€179,084 | +453% |
| Remuneration, social security and pensions | 62 | €146,164 | €144,825 | -€1,339 | -0.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,793 | €39,562 | +€12,769 | +47.7% |
| Other operating charges | 640/8 | €1,737 | €1,160 | -€576 | -33.2% |
| Gross operating margin | 9900 | €281,445 | €307,936 | +€26,491 | +9.4% |
| Operating profit (loss) | 9901 | €106,752 | €122,389 | +€15,637 | +14.6% |
| Financial income | 75/76B | €579 | - | -€579 | |
| Recurring financial income | 75 | €579 | - | -€579 | |
| Financial charges | 65/66B | €3,349 | €2,831 | -€518 | -15.5% |
| Recurring financial charges | 65 | €3,349 | €2,831 | -€518 | -15.5% |
| Profit (loss) for the period before taxes | 9903 | €103,982 | €119,558 | +€15,576 | +15.0% |
| Income taxes | 67/77 | €27,625 | €28,007 | +€382 | +1.4% |
| Profit (loss) for the period | 9904 | €76,356 | €91,550 | +€15,194 | +19.9% |
| Profit (loss) for the period to be appropriated | 9905 | €76,356 | €91,550 | +€15,194 | +19.9% |
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 14 October 2026 via checked.be.