KG Concept: 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.
KG Concept
Largest movements
- Tangible fixed assets +€69,664
up €69,664 (+135%), from €51,710 to €121,373
of which Leasing and similar rights: +€38,444
- Cash +€50,039
up €50,039 (+175%), from €28,657 to €78,697
mainly Net result for the year (+€51,831) and Accrued charges and deferred income (+€37,063)
- Deferred charges and accrued income +€40,696
up €40,696 (+687%), from €5,928 to €46,624
- Receivables within one year -€25,792
down €25,792 (-27.3%), from €94,645 to €68,853
of which Trade receivables: -€38,639
- Accrued charges and deferred income +€37,063
up €37,063 (+135%), from €27,520 to €64,583
- Debts after one year +€33,465
up €33,465 (+545%), from €6,137 to €39,602
- Reserves +€27,059
up €27,059 (+109%), from €24,773 to €51,831
- Current portion of long-term debt +€23,288
up €23,288 (+352%), from €6,619 to €29,907
- Other debts +€21,933
up €21,933 (+33.2%), from €66,093 to €88,025
- Gross operating margin +€95,604
up €95,604 (+138%), from €69,170 to €164,774
- Staff costs +€41,664
up €41,664 (+382%), from €10,920 to €52,584
- Depreciation +€12,386
up €12,386 (+71.3%), from €17,365 to €29,751
- Taxes +€12,057
up €12,057 (+213%), from €5,652 to €17,709
- Financial charges +€3,834
up €3,834 (+248%), from €1,546 to €5,380
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 | €185,000 | €319,700 | +€134,700 | +72.8% |
| Fixed assets | 21/28 | €51,710 | €121,373 | +€69,664 | +135% |
| Tangible fixed assets | 22/27 | €51,710 | €121,373 | +€69,664 | +135% |
| Plant, machinery and equipment | 23 | €12,966 | €9,420 | -€3,546 | -27.3% |
| Furniture and vehicles | 24 | €19,913 | €54,943 | +€35,030 | +176% |
| Leasing and similar rights | 25 | €16,802 | €55,247 | +€38,444 | +229% |
| Other tangible fixed assets | 26 | €2,029 | €1,764 | -€265 | -13.0% |
| Current assets | 29/58 | €133,290 | €198,327 | +€65,036 | +48.8% |
| Stocks and contracts in progress | 3 | €4,061 | €4,153 | +€92 | +2.3% |
| Stocks | 30/36 | €4,061 | €4,153 | +€92 | +2.3% |
| Amounts receivable within one year | 40/41 | €94,645 | €68,853 | -€25,792 | -27.3% |
| Trade receivables | 40 | €91,593 | €52,954 | -€38,639 | -42.2% |
| Other amounts receivable | 41 | €3,051 | €15,898 | +€12,847 | +421% |
| Cash at bank and in hand | 54/58 | €28,657 | €78,697 | +€50,039 | +175% |
| Deferred charges and accrued income | 490/1 | €5,928 | €46,624 | +€40,696 | +687% |
| Total equity and liabilities | 10/49 | €185,000 | €319,700 | +€134,700 | +72.8% |
| Equity | 10/15 | €27,273 | €54,331 | +€27,059 | +99.2% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €24,773 | €51,831 | +€27,059 | +109% |
| Distributable reserves | 133 | €24,773 | €51,831 | +€27,059 | +109% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €157,728 | €265,369 | +€107,641 | +68.2% |
| Amounts payable after more than one year | 17 | €6,137 | €39,602 | +€33,465 | +545% |
| Financial debts | 170/4 | €6,137 | €39,602 | +€33,465 | +545% |
| Amounts payable within one year | 42/48 | €124,070 | €161,184 | +€37,113 | +29.9% |
| Current portion of amounts payable after more than one year | 42 | €6,619 | €29,907 | +€23,288 | +352% |
| Trade debts | 44 | €40,524 | €18,862 | -€21,662 | -53.5% |
| Suppliers | 440/4 | €40,524 | €18,862 | -€21,662 | -53.5% |
| Advances received on contracts in progress | 46 | - | €745 | +€745 | |
| Taxes, remuneration and social security | 45 | €10,835 | €23,645 | +€12,810 | +118% |
| Taxes | 450/3 | €9,858 | €18,382 | +€8,525 | +86.5% |
| Remuneration and social security | 454/9 | €977 | €5,262 | +€4,285 | +439% |
| Other amounts payable | 47/48 | €66,093 | €88,025 | +€21,933 | +33.2% |
| Accrued charges and deferred income | 492/3 | €27,520 | €64,583 | +€37,063 | +135% |
| Non-recurring operating income | 76A | - | €937 | +€937 | |
| Remuneration, social security and pensions | 62 | €10,920 | €52,584 | +€41,664 | +382% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,365 | €29,751 | +€12,386 | +71.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €7,889 | €7,918 | +€28 | +0.4% |
| Other operating charges | 640/8 | €1,255 | €1,609 | +€354 | +28.2% |
| Gross operating margin | 9900 | €69,170 | €164,774 | +€95,604 | +138% |
| Operating profit (loss) | 9901 | €31,741 | €72,913 | +€41,172 | +130% |
| Financial income | 75/76B | €229 | €2,007 | +€1,779 | +778% |
| Recurring financial income | 75 | €229 | €2,007 | +€1,779 | +778% |
| Financial charges | 65/66B | €1,546 | €5,380 | +€3,834 | +248% |
| Recurring financial charges | 65 | €1,546 | €5,380 | +€3,834 | +248% |
| Profit (loss) for the period before taxes | 9903 | €30,424 | €69,540 | +€39,116 | +129% |
| Income taxes | 67/77 | €5,652 | €17,709 | +€12,057 | +213% |
| Profit (loss) for the period | 9904 | €24,773 | €51,831 | +€27,059 | +109% |
| Profit (loss) for the period to be appropriated | 9905 | €24,773 | €51,831 | +€27,059 | +109% |
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 17 October 2026 via checked.be.