KG GROUP: 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 GROUP
Largest movements
- Tangible fixed assets -€70,076
down €70,076 (-7.5%), from €931,499 to €861,424
of which Land and buildings: -€60,307
- Cash -€26,054
down €26,054 (-34.3%), from €76,055 to €50,001
mainly Contributions, distributions and other (-€35,294) and Debts after one year (-€33,093)
- Profit (loss) carried forward -€47,715
down €47,715 (-16.2%), from €294,440 to €246,725
- Debts after one year -€33,093
down €33,093 (-7.1%), from €467,616 to €434,523
of which Financial debts: -€34,443
- Other debts -€16,107
down €16,107 (-31.3%), from €51,492 to €35,385
- Gross operating margin -€40,406
down €40,406 (-33.2%), from €121,679 to €81,273
- Taxes -€7,331
down €7,331 (-98.2%), from €7,466 to €134
- Other operating charges -€6,644
down €6,644 (-45.9%), from €14,472 to €7,828
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 | €1,046,812 | €946,076 | -€100,736 | -9.6% |
| Fixed assets | 21/28 | €931,524 | €861,449 | -€70,076 | -7.5% |
| Tangible fixed assets | 22/27 | €931,499 | €861,424 | -€70,076 | -7.5% |
| Land and buildings | 22 | €902,304 | €841,998 | -€60,307 | -6.7% |
| Plant, machinery and equipment | 23 | €751 | €578 | -€173 | -23.0% |
| Furniture and vehicles | 24 | €17,246 | €10,796 | -€6,450 | -37.4% |
| Leasing and similar rights | 25 | €9,318 | €6,642 | -€2,676 | -28.7% |
| Other tangible fixed assets | 26 | €1,880 | €1,410 | -€470 | -25.0% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €115,288 | €84,628 | -€30,660 | -26.6% |
| Stocks and contracts in progress | 3 | €24,765 | €24,765 | = | 0.0% |
| Stocks | 30/36 | €24,765 | €24,765 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €3,192 | €3,525 | +€334 | +10.5% |
| Trade receivables | 40 | - | €257 | +€257 | |
| Other amounts receivable | 41 | €3,192 | €3,268 | +€77 | +2.4% |
| Cash at bank and in hand | 54/58 | €76,055 | €50,001 | -€26,054 | -34.3% |
| Deferred charges and accrued income | 490/1 | €11,275 | €6,336 | -€4,939 | -43.8% |
| Total equity and liabilities | 10/49 | €1,046,812 | €946,076 | -€100,736 | -9.6% |
| Equity | 10/15 | €465,636 | €417,921 | -€47,715 | -10.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Revaluation surpluses | 12 | €140,122 | €135,553 | -€4,569 | -3.3% |
| Reserves | 13 | €12,474 | €17,044 | +€4,569 | +36.6% |
| Non-distributable reserves | 130/1 | €1,796 | €1,796 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,796 | €1,796 | = | 0.0% |
| Distributable reserves | 133 | €10,678 | €15,247 | +€4,569 | +42.8% |
| Profit (loss) carried forward | 14 | €294,440 | €246,725 | -€47,715 | -16.2% |
| Amounts payable | 17/49 | €581,175 | €528,155 | -€53,021 | -9.1% |
| Amounts payable after more than one year | 17 | €467,616 | €434,523 | -€33,093 | -7.1% |
| Financial debts | 170/4 | €463,966 | €429,523 | -€34,443 | -7.4% |
| Other amounts payable | 178/9 | €3,650 | €5,000 | +€1,350 | +37.0% |
| Amounts payable within one year | 42/48 | €112,809 | €90,924 | -€21,885 | -19.4% |
| Current portion of amounts payable after more than one year | 42 | €33,487 | €34,443 | +€956 | +2.9% |
| Trade debts | 44 | €13,714 | €5,329 | -€8,385 | -61.1% |
| Suppliers | 440/4 | €13,714 | €5,329 | -€8,385 | -61.1% |
| Taxes, remuneration and social security | 45 | €14,116 | €15,767 | +€1,651 | +11.7% |
| Taxes | 450/3 | €14,116 | €14,079 | -€37 | -0.3% |
| Remuneration and social security | 454/9 | - | €1,688 | +€1,688 | |
| Other amounts payable | 47/48 | €51,492 | €35,385 | -€16,107 | -31.3% |
| Accrued charges and deferred income | 492/3 | €750 | €2,708 | +€1,958 | +261% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €69,709 | €70,076 | +€366 | +0.5% |
| Other operating charges | 640/8 | €14,472 | €7,828 | -€6,644 | -45.9% |
| Gross operating margin | 9900 | €121,679 | €81,273 | -€40,406 | -33.2% |
| Operating profit (loss) | 9901 | €37,498 | €3,370 | -€34,129 | -91.0% |
| Financial income | 75/76B | €231 | €371 | +€140 | +60.5% |
| Recurring financial income | 75 | €231 | €371 | +€140 | +60.5% |
| Financial charges | 65/66B | €16,301 | €16,028 | -€273 | -1.7% |
| Recurring financial charges | 65 | €16,301 | €16,028 | -€273 | -1.7% |
| Profit (loss) for the period before taxes | 9903 | €21,429 | -€12,287 | -€33,715 | |
| Income taxes | 67/77 | €7,466 | €134 | -€7,331 | -98.2% |
| Profit (loss) for the period | 9904 | €13,963 | -€12,421 | -€26,384 | |
| Profit (loss) for the period to be appropriated | 9905 | €13,963 | -€12,421 | -€26,384 |
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.