KFK HOPE: 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.
KFK HOPE
Largest movements
- Tangible fixed assets -€35,653
down €35,653 (-25.3%), from €141,195 to €105,541
of which Other tangible fixed assets: -€27,971
- Cash -€34,158
down €34,158 (-48.4%), from €70,521 to €36,364
mainly Net result for the year (-€63,142) and Trade debts (-€14,851)
- Profit (loss) carried forward -€63,142
down €63,142 (-228%), from -€27,717 to -€90,859
- Short-term financial debts +€18,981
up €18,981 (+104%), from €18,248 to €37,229
- Trade debts -€14,851
down €14,851 (-24.1%), from €61,536 to €46,686
- Current portion of long-term debt -€14,058
down €14,058 (-80.4%), from €17,487 to €3,429
- Tax, wage and social debts +€2,800
up €2,800 (+3.8%), from €73,133 to €75,933
of which Remuneration and social security: +€13,733
- Gross operating margin -€67,906
down €67,906 (-23.9%), from €284,096 to €216,190
- Staff costs -€6,140
down €6,140 (-2.6%), from €234,363 to €228,222
- Other operating charges +€3,501
up €3,501 (+70.6%), from €4,957 to €8,458
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 | €258,607 | €188,127 | -€70,480 | -27.3% |
| Fixed assets | 21/28 | €153,201 | €117,548 | -€35,653 | -23.3% |
| Tangible fixed assets | 22/27 | €141,195 | €105,541 | -€35,653 | -25.3% |
| Plant, machinery and equipment | 23 | €16,338 | €11,184 | -€5,154 | -31.5% |
| Furniture and vehicles | 24 | €8,538 | €6,009 | -€2,529 | -29.6% |
| Other tangible fixed assets | 26 | €116,318 | €88,348 | -€27,971 | -24.0% |
| Financial fixed assets | 28 | €12,007 | €12,007 | = | 0.0% |
| Current assets | 29/58 | €105,406 | €70,579 | -€34,827 | -33.0% |
| Stocks and contracts in progress | 3 | €20,113 | €18,474 | -€1,639 | -8.1% |
| Stocks | 30/36 | €20,113 | €18,474 | -€1,639 | -8.1% |
| Amounts receivable within one year | 40/41 | €14,356 | €14,428 | +€72 | +0.5% |
| Trade receivables | 40 | €10,710 | €12,009 | +€1,299 | +12.1% |
| Other amounts receivable | 41 | €3,646 | €2,419 | -€1,227 | -33.7% |
| Cash at bank and in hand | 54/58 | €70,521 | €36,364 | -€34,158 | -48.4% |
| Deferred charges and accrued income | 490/1 | €416 | €1,314 | +€898 | +216% |
| Total equity and liabilities | 10/49 | €258,607 | €188,127 | -€70,480 | -27.3% |
| Equity | 10/15 | €22,283 | -€40,859 | -€63,142 | |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€27,717 | -€90,859 | -€63,142 | -228% |
| Amounts payable | 17/49 | €236,324 | €228,986 | -€7,338 | -3.1% |
| Amounts payable after more than one year | 17 | €2,282 | - | -€2,282 | |
| Financial debts | 170/4 | €2,282 | - | -€2,282 | |
| Amounts payable within one year | 42/48 | €233,910 | €228,986 | -€4,924 | -2.1% |
| Current portion of amounts payable after more than one year | 42 | €17,487 | €3,429 | -€14,058 | -80.4% |
| Financial debts | 43 | €18,248 | €37,229 | +€18,981 | +104% |
| Credit institutions | 430/8 | €18,248 | €37,229 | +€18,981 | +104% |
| Trade debts | 44 | €61,536 | €46,686 | -€14,851 | -24.1% |
| Suppliers | 440/4 | €61,536 | €46,686 | -€14,851 | -24.1% |
| Advances received on contracts in progress | 46 | €2,425 | €2,000 | -€425 | -17.5% |
| Taxes, remuneration and social security | 45 | €73,133 | €75,933 | +€2,800 | +3.8% |
| Taxes | 450/3 | €39,281 | €28,348 | -€10,934 | -27.8% |
| Remuneration and social security | 454/9 | €33,851 | €47,585 | +€13,733 | +40.6% |
| Other amounts payable | 47/48 | €61,081 | €63,709 | +€2,629 | +4.3% |
| Accrued charges and deferred income | 492/3 | €131 | - | -€131 | |
| Remuneration, social security and pensions | 62 | €234,363 | €228,222 | -€6,140 | -2.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,132 | €31,063 | -€69 | -0.2% |
| Other operating charges | 640/8 | €4,957 | €8,458 | +€3,501 | +70.6% |
| Gross operating margin | 9900 | €284,096 | €216,190 | -€67,906 | -23.9% |
| Operating profit (loss) | 9901 | €13,645 | -€51,552 | -€65,197 | |
| Financial income | 75/76B | €143 | €66 | -€77 | -53.9% |
| Recurring financial income | 75 | €143 | €66 | -€77 | -53.9% |
| Financial charges | 65/66B | €11,492 | €11,613 | +€121 | +1.1% |
| Recurring financial charges | 65 | €11,492 | €11,613 | +€121 | +1.1% |
| Profit (loss) for the period before taxes | 9903 | €2,297 | -€63,099 | -€65,396 | |
| Income taxes | 67/77 | -€43 | €43 | +€86 | |
| Profit (loss) for the period | 9904 | €2,339 | -€63,142 | -€65,482 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,339 | -€63,142 | -€65,482 |
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 15 October 2026 via checked.be.