KDV - Language & More: 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 - Language & More
Largest movements
- Tangible fixed assets -€24,318
down €24,318 (-5.9%), from €415,116 to €390,798
of which Assets under construction and advance payments: -€253,492
- Cash +€18,021
up €18,021 (+64.8%), from €27,831 to €45,852
mainly Depreciation (+€24,318) and Net result for the year (+€15,580)
- Receivables within one year -€9,532
down €9,532 (-14.0%), from €68,153 to €58,620
of which Trade receivables: -€15,792
- Trade debts -€37,698
down €37,698 (-48.4%), from €77,935 to €40,238
- Debts after one year -€20,709
down €20,709 (-8.3%), from €248,565 to €227,856
- Reserves +€15,580
up €15,580 (+11.0%), from €141,383 to €156,962
- Tax, wage and social debts +€13,074
up €13,074 (+77.4%), from €16,884 to €29,958
of which Remuneration and social security: +€6,835
- Other debts +€11,545
up €11,545 (+1,967%), from €587 to €12,131
- Gross operating margin +€108,892
up €108,892 (+76.9%), from €141,609 to €250,501
- Staff costs +€91,546
up €91,546 (+90.0%), from €101,681 to €193,227
- Depreciation +€16,164
up €16,164 (+198%), from €8,154 to €24,318
- Taxes +€3,390
up €3,390 (+86.7%), from €3,909 to €7,298
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 | €516,256 | €498,733 | -€17,523 | -3.4% |
| Fixed assets | 21/28 | €416,416 | €392,098 | -€24,318 | -5.8% |
| Tangible fixed assets | 22/27 | €415,116 | €390,798 | -€24,318 | -5.9% |
| Land and buildings | 22 | €96,268 | €303,405 | +€207,137 | +215% |
| Plant, machinery and equipment | 23 | €10,775 | €7,928 | -€2,847 | -26.4% |
| Furniture and vehicles | 24 | €54,581 | €79,465 | +€24,884 | +45.6% |
| Assets under construction and advance payments | 27 | €253,492 | €0 | -€253,492 | -100% |
| Financial fixed assets | 28 | €1,300 | €1,300 | = | 0.0% |
| Current assets | 29/58 | €99,840 | €106,635 | +€6,795 | +6.8% |
| Amounts receivable within one year | 40/41 | €68,153 | €58,620 | -€9,532 | -14.0% |
| Trade receivables | 40 | €62,320 | €46,528 | -€15,792 | -25.3% |
| Other amounts receivable | 41 | €5,832 | €12,092 | +€6,260 | +107% |
| Cash at bank and in hand | 54/58 | €27,831 | €45,852 | +€18,021 | +64.8% |
| Deferred charges and accrued income | 490/1 | €3,857 | €2,163 | -€1,694 | -43.9% |
| Total equity and liabilities | 10/49 | €516,256 | €498,733 | -€17,523 | -3.4% |
| Equity | 10/15 | €152,262 | €167,841 | +€15,580 | +10.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €141,383 | €156,962 | +€15,580 | +11.0% |
| Distributable reserves | 133 | €141,383 | €156,962 | +€15,580 | +11.0% |
| Profit (loss) carried forward | 14 | €7,879 | €7,879 | = | 0.0% |
| Amounts payable | 17/49 | €363,994 | €330,892 | -€33,103 | -9.1% |
| Amounts payable after more than one year | 17 | €248,565 | €227,856 | -€20,709 | -8.3% |
| Financial debts | 170/4 | €248,565 | €227,856 | -€20,709 | -8.3% |
| Amounts payable within one year | 42/48 | €115,429 | €103,036 | -€12,394 | -10.7% |
| Current portion of amounts payable after more than one year | 42 | €20,023 | €20,709 | +€686 | +3.4% |
| Trade debts | 44 | €77,935 | €40,238 | -€37,698 | -48.4% |
| Suppliers | 440/4 | €77,935 | €40,238 | -€37,698 | -48.4% |
| Taxes, remuneration and social security | 45 | €16,884 | €29,958 | +€13,074 | +77.4% |
| Taxes | 450/3 | €4,790 | €11,029 | +€6,239 | +130% |
| Remuneration and social security | 454/9 | €12,094 | €18,929 | +€6,835 | +56.5% |
| Other amounts payable | 47/48 | €587 | €12,131 | +€11,545 | +1,967% |
| Remuneration, social security and pensions | 62 | €101,681 | €193,227 | +€91,546 | +90.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,154 | €24,318 | +€16,164 | +198% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €324 | €0 | -€324 | -100% |
| Other operating charges | 640/8 | €713 | €813 | +€100 | +14.0% |
| Gross operating margin | 9900 | €141,609 | €250,501 | +€108,892 | +76.9% |
| Operating profit (loss) | 9901 | €30,737 | €32,143 | +€1,406 | +4.6% |
| Financial income | 75/76B | €541 | €25 | -€516 | -95.3% |
| Recurring financial income | 75 | €541 | €25 | -€516 | -95.3% |
| Financial charges | 65/66B | €9,321 | €9,290 | -€30 | -0.3% |
| Recurring financial charges | 65 | €9,321 | €9,290 | -€30 | -0.3% |
| Profit (loss) for the period before taxes | 9903 | €21,957 | €22,878 | +€920 | +4.2% |
| Income taxes | 67/77 | €3,909 | €7,298 | +€3,390 | +86.7% |
| Profit (loss) for the period | 9904 | €18,049 | €15,580 | -€2,469 | -13.7% |
| Profit (loss) for the period to be appropriated | 9905 | €18,049 | €15,580 | -€2,469 | -13.7% |
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 20 October 2026 via checked.be.