KDY: 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.
KDY
Largest movements
- Tangible fixed assets -€77,686
down €77,686 (-57.4%), from €135,449 to €57,763
of which Leasing and similar rights: -€58,842
- Stocks and contracts -€3,765
no longer reported in 2024 (was €3,765)
- Financial fixed assets -€3,750
no longer reported in 2024 (was €3,750)
- Intangible fixed assets -€2,933
down €2,933 (-51.1%), from €5,738 to €2,805
- Debts after one year -€44,750
no longer reported in 2024 (was €44,750)
- Other debts -€13,487
down €13,487 (-16.3%), from €82,539 to €69,052
- Current portion of long-term debt -€12,925
no longer reported in 2024 (was €12,925)
- Trade debts -€11,282
down €11,282 (-29.8%), from €37,813 to €26,531
- Profit (loss) carried forward -€9,047
down €9,047 (-11.2%), from -€80,920 to -€89,967
- Gross operating margin +€47,308
up €47,308 (+544%), from €8,695 to €56,004
- Depreciation -€25,207
down €25,207 (-67.4%), from €37,396 to €12,189
- Other operating charges +€24,496
up €24,496 (+1,527%), from €1,605 to €26,101
- Staff costs +€16,010
up €16,010 (+150%), from €10,695 to €26,705
- Financial charges -€3,198
down €3,198 (-98.0%), from €3,263 to €65
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €159,058 | €68,482 | -€90,576 | -56.9% |
| Fixed assets | 21/28 | €144,938 | €60,569 | -€84,369 | -58.2% |
| Intangible fixed assets | 21 | €5,738 | €2,805 | -€2,933 | -51.1% |
| Tangible fixed assets | 22/27 | €135,449 | €57,763 | -€77,686 | -57.4% |
| Plant, machinery and equipment | 23 | €14,098 | €10,207 | -€3,891 | -27.6% |
| Furniture and vehicles | 24 | €9,588 | - | -€9,588 | |
| Leasing and similar rights | 25 | €58,842 | - | -€58,842 | |
| Other tangible fixed assets | 26 | €52,921 | €47,557 | -€5,365 | -10.1% |
| Financial fixed assets | 28 | €3,750 | - | -€3,750 | |
| Current assets | 29/58 | €14,121 | €7,914 | -€6,207 | -44.0% |
| Stocks and contracts in progress | 3 | €3,765 | - | -€3,765 | |
| Stocks | 30/36 | €3,765 | - | -€3,765 | |
| Amounts receivable within one year | 40/41 | €8,703 | €7,493 | -€1,210 | -13.9% |
| Trade receivables | 40 | €1,207 | - | -€1,207 | |
| Other amounts receivable | 41 | €7,495 | €7,493 | -€2 | 0.0% |
| Cash at bank and in hand | 54/58 | €1,653 | €421 | -€1,232 | -74.5% |
| Total equity and liabilities | 10/49 | €159,058 | €68,482 | -€90,576 | -56.9% |
| Equity | 10/15 | -€45,920 | -€54,967 | -€9,047 | -19.7% |
| Contributions | 10/11 | €35,000 | €35,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€80,920 | -€89,967 | -€9,047 | -11.2% |
| Amounts payable | 17/49 | €204,978 | €123,449 | -€81,529 | -39.8% |
| Amounts payable after more than one year | 17 | €44,750 | - | -€44,750 | |
| Financial debts | 170/4 | €44,750 | - | -€44,750 | |
| Amounts payable within one year | 42/48 | €140,228 | €109,074 | -€31,154 | -22.2% |
| Current portion of amounts payable after more than one year | 42 | €12,925 | - | -€12,925 | |
| Trade debts | 44 | €37,813 | €26,531 | -€11,282 | -29.8% |
| Suppliers | 440/4 | €37,813 | €26,531 | -€11,282 | -29.8% |
| Advances received on contracts in progress | 46 | - | €2,000 | +€2,000 | |
| Taxes, remuneration and social security | 45 | €6,951 | €11,491 | +€4,540 | +65.3% |
| Taxes | 450/3 | €1,260 | €11,491 | +€10,231 | +812% |
| Remuneration and social security | 454/9 | €5,691 | - | -€5,691 | |
| Other amounts payable | 47/48 | €82,539 | €69,052 | -€13,487 | -16.3% |
| Accrued charges and deferred income | 492/3 | €20,000 | €14,375 | -€5,625 | -28.1% |
| Remuneration, social security and pensions | 62 | €10,695 | €26,705 | +€16,010 | +150% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,396 | €12,189 | -€25,207 | -67.4% |
| Other operating charges | 640/8 | €1,605 | €26,101 | +€24,496 | +1,527% |
| Gross operating margin | 9900 | €8,695 | €56,004 | +€47,308 | +544% |
| Operating profit (loss) | 9901 | -€41,000 | -€8,991 | +€32,009 | +78.1% |
| Financial income | 75/76B | €0 | €10 | +€10 | +95,100% |
| Recurring financial income | 75 | €0 | €10 | +€10 | +95,100% |
| Financial charges | 65/66B | €3,263 | €65 | -€3,198 | -98.0% |
| Recurring financial charges | 65 | €3,263 | €65 | -€3,198 | -98.0% |
| Profit (loss) for the period before taxes | 9903 | -€44,263 | -€9,047 | +€35,217 | +79.6% |
| Profit (loss) for the period | 9904 | -€44,263 | -€9,047 | +€35,217 | +79.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€44,263 | -€9,047 | +€35,217 | +79.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.