KG HOLDING: what changed
KG HOLDING
Largest movements
- Receivables within one year -€20,091
down €20,091 (-51.9%), from €38,717 to €18,626
of which Trade receivables: -€20,286
- Receivables after one year -€6,500
no longer reported in 2025 (was €6,500)
- Tangible fixed assets +€4,998
up €4,998 (+8.6%), from €58,285 to €63,283
of which Other tangible fixed assets: +€4,998
- Tax, wage and social debts -€12,394
down €12,394 (-76.1%), from €16,289 to €3,895
- Debts after one year -€7,060
down €7,060 (-53.5%), from €13,208 to €6,148
- Other debts +€5,478
up €5,478 (+287%), from €1,911 to €7,389
- Profit (loss) carried forward -€4,784
new in 2025: -€4,784
- Trade debts -€3,550
down €3,550 (-90.3%), from €3,931 to €381
- Gross operating margin -€10,727
down €10,727, from €8,314 to -€2,413
- Taxes -€2,381
down €2,381 (-94.2%), from €2,528 to €147
- Depreciation +€173
new in 2025: €173
- Financial charges +€159
up €159 (+14.5%), from €1,096 to €1,255
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €103,552 | €81,909 | -€21,643 | -20.9% |
| Fixed assets | 21/28 | €58,285 | €63,283 | +€4,998 | +8.6% |
| Tangible fixed assets | 22/27 | €58,285 | €63,283 | +€4,998 | +8.6% |
| Land and buildings | 22 | €58,285 | €58,285 | = | 0.0% |
| Other tangible fixed assets | 26 | - | €4,998 | +€4,998 | |
| Current assets | 29/58 | €45,267 | €18,626 | -€26,641 | -58.9% |
| Amounts receivable after more than one year | 29 | €6,500 | - | -€6,500 | |
| Other amounts receivable | 291 | €6,500 | - | -€6,500 | |
| Amounts receivable within one year | 40/41 | €38,717 | €18,626 | -€20,091 | -51.9% |
| Trade receivables | 40 | €20,286 | - | -€20,286 | |
| Other amounts receivable | 41 | €18,431 | €18,626 | +€195 | +1.1% |
| Cash at bank and in hand | 54/58 | €50 | - | -€50 | |
| Total equity and liabilities | 10/49 | €103,552 | €81,909 | -€21,643 | -20.9% |
| Equity | 10/15 | €61,242 | €56,458 | -€4,784 | -7.8% |
| Reserves | 13 | €61,242 | €61,242 | = | 0.0% |
| Non-distributable reserves | 130/1 | €55,072 | €55,072 | = | 0.0% |
| Other | 1319 | €55,072 | €55,072 | = | 0.0% |
| Distributable reserves | 133 | €6,170 | €6,170 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€4,784 | -€4,784 | |
| Amounts payable | 17/49 | €42,310 | €25,451 | -€16,859 | -39.8% |
| Amounts payable after more than one year | 17 | €13,208 | €6,148 | -€7,060 | -53.5% |
| Financial debts | 170/4 | €13,208 | €6,148 | -€7,060 | -53.5% |
| Amounts payable within one year | 42/48 | €29,102 | €19,303 | -€9,799 | -33.7% |
| Current portion of amounts payable after more than one year | 42 | €6,971 | €7,638 | +€667 | +9.6% |
| Trade debts | 44 | €3,931 | €381 | -€3,550 | -90.3% |
| Suppliers | 440/4 | €3,931 | €381 | -€3,550 | -90.3% |
| Taxes, remuneration and social security | 45 | €16,289 | €3,895 | -€12,394 | -76.1% |
| Taxes | 450/3 | €16,289 | €3,895 | -€12,394 | -76.1% |
| Other amounts payable | 47/48 | €1,911 | €7,389 | +€5,478 | +287% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €173 | +€173 | |
| Other operating charges | 640/8 | €833 | €796 | -€37 | -4.4% |
| Gross operating margin | 9900 | €8,314 | -€2,413 | -€10,727 | |
| Operating profit (loss) | 9901 | €7,481 | -€3,382 | -€10,863 | |
| Financial charges | 65/66B | €1,096 | €1,255 | +€159 | +14.5% |
| Recurring financial charges | 65 | €1,096 | €1,255 | +€159 | +14.5% |
| Profit (loss) for the period before taxes | 9903 | €6,385 | -€4,637 | -€11,022 | |
| Income taxes | 67/77 | €2,528 | €147 | -€2,381 | -94.2% |
| Profit (loss) for the period | 9904 | €3,857 | -€4,784 | -€8,641 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,857 | -€4,784 | -€8,641 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.