KDS Group: 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 Group
Largest movements
- Tangible fixed assets +€46,967
up €46,967 (+9.7%), from €486,503 to €533,470
of which Furniture and vehicles: +€62,826
- Stocks and contracts -€30,000
down €30,000 (-66.7%), from €45,000 to €15,000
- Cash +€17,841
up €17,841 (+649%), from €2,751 to €20,592
mainly Depreciation (+€67,988) and Net result for the year (+€36,490)
- Profit (loss) carried forward +€31,485
up €31,485, from -€31,485 to €0
- Short-term financial debts -€11,738
down €11,738 (-91.9%), from €12,774 to €1,036
- Debts after one year -€8,982
down €8,982 (-2.3%), from €392,512 to €383,530
- Trade debts +€8,976
up €8,976 (+42.0%), from €21,352 to €30,328
- Other debts +€6,113
up €6,113 (+14.4%), from €42,587 to €48,701
- Gross operating margin +€81,009
up €81,009 (+66.7%), from €121,426 to €202,435
- Staff costs +€9,681
up €9,681 (+14.3%), from €67,574 to €77,255
- Taxes +€2,979
new in 2025: €2,979
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 | €556,635 | €594,669 | +€38,034 | +6.8% |
| Fixed assets | 21/28 | €489,094 | €535,240 | +€46,146 | +9.4% |
| Intangible fixed assets | 21 | €2,590 | €1,770 | -€821 | -31.7% |
| Tangible fixed assets | 22/27 | €486,503 | €533,470 | +€46,967 | +9.7% |
| Land and buildings | 22 | €292,080 | €293,303 | +€1,224 | +0.4% |
| Plant, machinery and equipment | 23 | €114,075 | €97,518 | -€16,557 | -14.5% |
| Furniture and vehicles | 24 | €33,660 | €96,485 | +€62,826 | +187% |
| Leasing and similar rights | 25 | €24,418 | €17,450 | -€6,968 | -28.5% |
| Other tangible fixed assets | 26 | €22,271 | €28,713 | +€6,443 | +28.9% |
| Current assets | 29/58 | €67,541 | €59,429 | -€8,112 | -12.0% |
| Stocks and contracts in progress | 3 | €45,000 | €15,000 | -€30,000 | -66.7% |
| Stocks | 30/36 | €45,000 | €15,000 | -€30,000 | -66.7% |
| Amounts receivable within one year | 40/41 | €17,601 | €21,022 | +€3,421 | +19.4% |
| Trade receivables | 40 | €17,597 | €16,905 | -€692 | -3.9% |
| Other amounts receivable | 41 | €4 | €4,116 | +€4,112 | +94,315% |
| Cash at bank and in hand | 54/58 | €2,751 | €20,592 | +€17,841 | +649% |
| Deferred charges and accrued income | 490/1 | €2,189 | €2,815 | +€626 | +28.6% |
| Total equity and liabilities | 10/49 | €556,635 | €594,669 | +€38,034 | +6.8% |
| Equity | 10/15 | €27,839 | €64,329 | +€36,490 | +131% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €53,124 | €58,129 | +€5,005 | +9.4% |
| Distributable reserves | 133 | €53,124 | €58,129 | +€5,005 | +9.4% |
| Profit (loss) carried forward | 14 | -€31,485 | €0 | +€31,485 | |
| Amounts payable | 17/49 | €528,797 | €530,340 | +€1,543 | +0.3% |
| Amounts payable after more than one year | 17 | €392,512 | €383,530 | -€8,982 | -2.3% |
| Financial debts | 170/4 | €392,512 | €383,530 | -€8,982 | -2.3% |
| Amounts payable within one year | 42/48 | €136,285 | €146,810 | +€10,525 | +7.7% |
| Current portion of amounts payable after more than one year | 42 | €54,516 | €59,069 | +€4,552 | +8.4% |
| Financial debts | 43 | €12,774 | €1,036 | -€11,738 | -91.9% |
| Credit institutions | 430/8 | €12,774 | €1,036 | -€11,738 | -91.9% |
| Trade debts | 44 | €21,352 | €30,328 | +€8,976 | +42.0% |
| Suppliers | 440/4 | €21,352 | €30,328 | +€8,976 | +42.0% |
| Taxes, remuneration and social security | 45 | €5,055 | €7,676 | +€2,621 | +51.9% |
| Taxes | 450/3 | €3,728 | €3,981 | +€253 | +6.8% |
| Remuneration and social security | 454/9 | €1,326 | €3,695 | +€2,368 | +179% |
| Other amounts payable | 47/48 | €42,587 | €48,701 | +€6,113 | +14.4% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €1,102 | €47,332 | +€46,229 | +4,194% |
| Remuneration, social security and pensions | 62 | €67,574 | €77,255 | +€9,681 | +14.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €67,925 | €67,988 | +€62 | +0.1% |
| Other operating charges | 640/8 | €3,312 | €2,798 | -€514 | -15.5% |
| Non-recurring operating charges | 66A | €1,462 | €0 | -€1,462 | -100% |
| Gross operating margin | 9900 | €121,426 | €202,435 | +€81,009 | +66.7% |
| Operating profit (loss) | 9901 | -€18,847 | €54,394 | +€73,241 | |
| Financial income | 75/76B | €335 | €0 | -€335 | -100.0% |
| Recurring financial income | 75 | €335 | €0 | -€335 | -100.0% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €12,973 | €14,924 | +€1,951 | +15.0% |
| Recurring financial charges | 65 | €12,973 | €14,924 | +€1,951 | +15.0% |
| Profit (loss) for the period before taxes | 9903 | -€31,485 | €39,470 | +€70,955 | |
| Income taxes | 67/77 | - | €2,979 | +€2,979 | |
| Profit (loss) for the period | 9904 | -€31,485 | €36,490 | +€67,975 | |
| Profit (loss) for the period to be appropriated | 9905 | -€31,485 | €36,490 | +€67,975 |
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 16 October 2026 via checked.be.