KFT: what changed
Two fiscal 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.
KFT
Largest movements
- Receivables within one year +€62,500
up €62,500 (+509.5%), from €12,266 to €74,766
of which Trade receivables: +€69,068
- Tangible fixed assets -€45,817
down €45,817 (-99.6%), from €46,002 to €185
of which Leasing and similar rights: -€42,347
- Deferred charges and accrued income +€30,204
up €30,204 (+1189.5%), from €2,539 to €32,743
- Cash -€6,438
down €6,438 (-99.9%), from €6,444 to €6
mainly Receivables within one year (-€62,500) and Deferred charges and accrued income (-€30,204)
- Trade debts +€31,450
up €31,450 (+592.2%), from €5,311 to €36,761
- Debts after one year -€29,745
no longer reported in 2025 (was €29,745)
- Contributions +€24,000
up €24,000 (+800.0%), from €3,000 to €27,000
- Other debts +€16,008
new in 2025: €16,008
- Tax, wage and social debts +€9,262
up €9,262 (+62.1%), from €14,920 to €24,182
of which Remuneration and social security: +€12,007
- Staff costs -€18,729
down €18,729 (-29.7%), from €63,066 to €44,337
- Gross operating margin -€18,076
down €18,076 (-23.4%), from €77,280 to €59,204
- Other operating charges -€9,733
down €9,733 (-70.2%), from €13,867 to €4,134
- Depreciation -€3,926
down €3,926 (-95.5%), from €4,111 to €185
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.
Cash bridge derived
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 | €70,252 | €110,700 | +€40,449 | +57.6% |
| Fixed assets | 21/28 | €49,002 | €3,185 | -€45,817 | -93.5% |
| Tangible fixed assets | 22/27 | €46,002 | €185 | -€45,817 | -99.6% |
| Plant, machinery and equipment | 23 | €2,760 | - | -€2,760 | |
| Furniture and vehicles | 24 | €895 | €185 | -€710 | -79.3% |
| Leasing and similar rights | 25 | €42,347 | - | -€42,347 | |
| Financial fixed assets | 28 | €3,000 | €3,000 | = | 0.0% |
| Current assets | 29/58 | €21,250 | €107,515 | +€86,266 | +406.0% |
| Amounts receivable within one year | 40/41 | €12,266 | €74,766 | +€62,500 | +509.5% |
| Trade receivables | 40 | €1,620 | €70,688 | +€69,068 | +4262.5% |
| Other amounts receivable | 41 | €10,646 | €4,078 | -€6,568 | -61.7% |
| Cash at bank and in hand | 54/58 | €6,444 | €6 | -€6,438 | -99.9% |
| Deferred charges and accrued income | 490/1 | €2,539 | €32,743 | +€30,204 | +1189.5% |
| Total equity and liabilities | 10/49 | €70,252 | €110,700 | +€40,449 | +57.6% |
| Equity | 10/15 | €14,344 | €33,458 | +€19,114 | +133.3% |
| Contributions | 10/11 | €3,000 | €27,000 | +€24,000 | +800.0% |
| Profit (loss) carried forward | 14 | €11,344 | €6,458 | -€4,886 | -43.1% |
| Amounts payable | 17/49 | €55,908 | €77,242 | +€21,334 | +38.2% |
| Amounts payable after more than one year | 17 | €29,745 | - | -€29,745 | |
| Financial debts | 170/4 | €29,745 | - | -€29,745 | |
| Amounts payable within one year | 42/48 | €26,163 | €77,106 | +€50,943 | +194.7% |
| Current portion of amounts payable after more than one year | 42 | €5,932 | - | -€5,932 | |
| Financial debts | 43 | - | €155 | +€155 | |
| Credit institutions | 430/8 | - | €155 | +€155 | |
| Trade debts | 44 | €5,311 | €36,761 | +€31,450 | +592.2% |
| Suppliers | 440/4 | €5,311 | €36,761 | +€31,450 | +592.2% |
| Taxes, remuneration and social security | 45 | €14,920 | €24,182 | +€9,262 | +62.1% |
| Taxes | 450/3 | €4,772 | €2,028 | -€2,745 | -57.5% |
| Remuneration and social security | 454/9 | €10,148 | €22,154 | +€12,007 | +118.3% |
| Other amounts payable | 47/48 | - | €16,008 | +€16,008 | |
| Accrued charges and deferred income | 492/3 | - | €136 | +€136 | |
| Remuneration, social security and pensions | 62 | €63,066 | €44,337 | -€18,729 | -29.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,111 | €185 | -€3,926 | -95.5% |
| Other operating charges | 640/8 | €13,867 | €4,134 | -€9,733 | -70.2% |
| Non-recurring operating charges | 66A | - | €12,762 | +€12,762 | |
| Gross operating margin | 9900 | €77,280 | €59,204 | -€18,076 | -23.4% |
| Operating profit (loss) | 9901 | -€3,764 | -€2,214 | +€1,550 | +41.2% |
| Financial income | 75/76B | €672 | €0 | -€672 | -100.0% |
| Recurring financial income | 75 | €672 | €0 | -€672 | -100.0% |
| Financial charges | 65/66B | €1,970 | €2,019 | +€49 | +2.5% |
| Recurring financial charges | 65 | €1,970 | €2,019 | +€49 | +2.5% |
| Profit (loss) for the period before taxes | 9903 | -€5,062 | -€4,233 | +€829 | +16.4% |
| Income taxes | 67/77 | €219 | €653 | +€434 | +198.6% |
| Profit (loss) for the period | 9904 | -€5,280 | -€4,886 | +€395 | +7.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,280 | -€4,886 | +€395 | +7.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.