KDV Babs & co: 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.
KDV Babs & co
Largest movements
- Tangible fixed assets +€185,753
up €185,753 (+114%), from €162,477 to €348,230
of which Land and buildings: +€167,878
- Cash +€170,580
up €170,580 (+219%), from €77,770 to €248,350
mainly Advances received (+€177,493) and Debts after one year (+€125,517)
- Receivables within one year +€73,997
up €73,997 (+211%), from €35,139 to €109,136
of which Trade receivables: +€58,780
- Deferred charges and accrued income +€25,085
up €25,085 (+538%), from €4,666 to €29,751
- Advances received +€177,493
new in 2025: €177,493
- Debts after one year +€125,517
up €125,517 (+212%), from €59,112 to €184,629
- Reserves +€70,188
up €70,188 (+60.9%), from €115,300 to €185,488
- Trade debts +€30,176
up €30,176 (+492%), from €6,139 to €36,315
- Short-term financial debts +€24,647
new in 2025: €24,647
- Staff costs +€130,378
up €130,378 (+22.4%), from €582,586 to €712,964
- Gross operating margin +€100,283
up €100,283 (+12.7%), from €787,461 to €887,745
- Taxes -€21,037
down €21,037 (-44.0%), from €47,820 to €26,783
- Other operating charges +€19,684
up €19,684 (+778%), from €2,532 to €22,215
- Depreciation +€13,302
up €13,302 (+37.7%), from €35,297 to €48,599
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 | €284,027 | €739,442 | +€455,415 | +160% |
| Fixed assets | 21/28 | €166,452 | €352,205 | +€185,753 | +112% |
| Tangible fixed assets | 22/27 | €162,477 | €348,230 | +€185,753 | +114% |
| Land and buildings | 22 | - | €167,878 | +€167,878 | |
| Plant, machinery and equipment | 23 | €9,522 | €36,813 | +€27,291 | +287% |
| Furniture and vehicles | 24 | €66,020 | €65,885 | -€135 | -0.2% |
| Other tangible fixed assets | 26 | €86,935 | €77,654 | -€9,281 | -10.7% |
| Financial fixed assets | 28 | €3,975 | €3,975 | = | 0.0% |
| Current assets | 29/58 | €117,575 | €387,237 | +€269,662 | +229% |
| Amounts receivable within one year | 40/41 | €35,139 | €109,136 | +€73,997 | +211% |
| Trade receivables | 40 | €35,139 | €93,919 | +€58,780 | +167% |
| Other amounts receivable | 41 | - | €15,217 | +€15,217 | |
| Cash at bank and in hand | 54/58 | €77,770 | €248,350 | +€170,580 | +219% |
| Deferred charges and accrued income | 490/1 | €4,666 | €29,751 | +€25,085 | +538% |
| Total equity and liabilities | 10/49 | €284,027 | €739,442 | +€455,415 | +160% |
| Equity | 10/15 | €134,424 | €204,612 | +€70,188 | +52.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €115,300 | €185,488 | +€70,188 | +60.9% |
| Distributable reserves | 133 | €115,300 | €185,488 | +€70,188 | +60.9% |
| Profit (loss) carried forward | 14 | €14,124 | €14,124 | = | 0.0% |
| Amounts payable | 17/49 | €149,604 | €534,830 | +€385,227 | +257% |
| Amounts payable after more than one year | 17 | €59,112 | €184,629 | +€125,517 | +212% |
| Financial debts | 170/4 | €59,112 | €184,629 | +€125,517 | +212% |
| Amounts payable within one year | 42/48 | €90,492 | €350,202 | +€259,710 | +287% |
| Current portion of amounts payable after more than one year | 42 | €11,949 | €20,892 | +€8,943 | +74.8% |
| Financial debts | 43 | - | €24,647 | +€24,647 | |
| Credit institutions | 430/8 | - | €24,647 | +€24,647 | |
| Trade debts | 44 | €6,139 | €36,315 | +€30,176 | +492% |
| Suppliers | 440/4 | €6,139 | €36,315 | +€30,176 | +492% |
| Advances received on contracts in progress | 46 | - | €177,493 | +€177,493 | |
| Taxes, remuneration and social security | 45 | €71,338 | €87,891 | +€16,553 | +23.2% |
| Taxes | 450/3 | €32,820 | - | -€32,820 | |
| Remuneration and social security | 454/9 | €38,518 | €87,891 | +€49,373 | +128% |
| Other amounts payable | 47/48 | €1,066 | €2,962 | +€1,897 | +178% |
| Remuneration, social security and pensions | 62 | €582,586 | €712,964 | +€130,378 | +22.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,297 | €48,599 | +€13,302 | +37.7% |
| Other operating charges | 640/8 | €2,532 | €22,215 | +€19,684 | +778% |
| Gross operating margin | 9900 | €787,461 | €887,745 | +€100,283 | +12.7% |
| Operating profit (loss) | 9901 | €167,046 | €103,966 | -€63,081 | -37.8% |
| Financial income | 75/76B | €4 | - | -€4 | |
| Recurring financial income | 75 | €4 | - | -€4 | |
| Financial charges | 65/66B | €3,930 | €6,995 | +€3,065 | +78.0% |
| Recurring financial charges | 65 | €3,930 | €6,995 | +€3,065 | +78.0% |
| Profit (loss) for the period before taxes | 9903 | €163,120 | €96,971 | -€66,149 | -40.6% |
| Income taxes | 67/77 | €47,820 | €26,783 | -€21,037 | -44.0% |
| Profit (loss) for the period | 9904 | €115,300 | €70,188 | -€45,112 | -39.1% |
| Profit (loss) for the period to be appropriated | 9905 | €115,300 | €70,188 | -€45,112 | -39.1% |
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 25 October 2026 via checked.be.