KEDIN: 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.
KEDIN
Largest movements
- Tangible fixed assets -€51,939
down €51,939 (-6.9%), from €756,589 to €704,650
of which Land and buildings: -€51,364
- Debts after one year -€35,997
down €35,997 (-5.9%), from €606,418 to €570,421
of which Financial debts: -€60,889
- Trade debts -€11,954
down €11,954 (-71.3%), from €16,765 to €4,810
- Staff costs +€2,042
up €2,042 (+3.0%), from €67,173 to €69,215
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 | €774,234 | €732,422 | -€41,812 | -5.4% |
| Fixed assets | 21/28 | €756,589 | €704,650 | -€51,939 | -6.9% |
| Intangible fixed assets | 21 | - | €0 | = | |
| Tangible fixed assets | 22/27 | €756,589 | €704,650 | -€51,939 | -6.9% |
| Land and buildings | 22 | €755,518 | €704,154 | -€51,364 | -6.8% |
| Furniture and vehicles | 24 | €1,071 | €496 | -€575 | -53.7% |
| Current assets | 29/58 | €17,646 | €27,773 | +€10,127 | +57.4% |
| Stocks and contracts in progress | 3 | €17,605 | €22,248 | +€4,643 | +26.4% |
| Stocks | 30/36 | €17,605 | €22,248 | +€4,643 | +26.4% |
| Cash at bank and in hand | 54/58 | €41 | €5,524 | +€5,484 | +13,414% |
| Total equity and liabilities | 10/49 | €774,234 | €732,422 | -€41,812 | -5.4% |
| Equity | 10/15 | €72,166 | €78,881 | +€6,715 | +9.3% |
| Contributions | 10/11 | €263,000 | €263,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€190,834 | -€184,119 | +€6,715 | +3.5% |
| Amounts payable | 17/49 | €702,068 | €653,541 | -€48,527 | -6.9% |
| Amounts payable after more than one year | 17 | €606,418 | €570,421 | -€35,997 | -5.9% |
| Financial debts | 170/4 | €517,513 | €456,624 | -€60,889 | -11.8% |
| Other amounts payable | 178/9 | €88,905 | €113,797 | +€24,892 | +28.0% |
| Amounts payable within one year | 42/48 | €94,379 | €83,091 | -€11,288 | -12.0% |
| Current portion of amounts payable after more than one year | 42 | €59,607 | €60,889 | +€1,282 | +2.2% |
| Trade debts | 44 | €16,765 | €4,810 | -€11,954 | -71.3% |
| Suppliers | 440/4 | €16,765 | €4,810 | -€11,954 | -71.3% |
| Taxes, remuneration and social security | 45 | €18,007 | €17,391 | -€616 | -3.4% |
| Taxes | 450/3 | €8,887 | €6,759 | -€2,128 | -23.9% |
| Remuneration and social security | 454/9 | €9,119 | €10,632 | +€1,513 | +16.6% |
| Accrued charges and deferred income | 492/3 | €1,272 | €30 | -€1,242 | -97.6% |
| Remuneration, social security and pensions | 62 | €67,173 | €69,215 | +€2,042 | +3.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €53,532 | €53,477 | -€55 | -0.1% |
| Other operating charges | 640/8 | €817 | €529 | -€288 | -35.2% |
| Non-recurring operating charges | 66A | - | €144 | +€144 | |
| Gross operating margin | 9900 | €148,851 | €147,908 | -€943 | -0.6% |
| Operating profit (loss) | 9901 | €27,328 | €24,543 | -€2,785 | -10.2% |
| Financial charges | 65/66B | €17,186 | €17,828 | +€642 | +3.7% |
| Recurring financial charges | 65 | €17,186 | €17,828 | +€642 | +3.7% |
| Profit (loss) for the period before taxes | 9903 | €10,143 | €6,715 | -€3,427 | -33.8% |
| Profit (loss) for the period | 9904 | €10,143 | €6,715 | -€3,427 | -33.8% |
| Profit (loss) for the period to be appropriated | 9905 | €10,143 | €6,715 | -€3,427 | -33.8% |
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.