KG Management: 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.
KG Management
Largest movements
- Receivables within one year +€18,931
up €18,931 (+4416.4%), from €429 to €19,360
of which Trade receivables: +€19,360
- Other debts +€27,289
up €27,289 (+84.3%), from €32,374 to €59,663
- Reserves -€26,807
down €26,807 (-1.8%), from €1.5m to €1.4m
- Gross operating margin +€34,005
up €34,005 (+301.6%), from €11,274 to €45,279
- Taxes +€8,217
up €8,217 (+281.1%), from €2,923 to €11,139
- Financial charges +€6,041
new in 2025: €6,041
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 | €1,522,737 | €1,533,765 | +€11,027 | +0.7% |
| Fixed assets | 21/28 | €1,499,250 | €1,499,250 | = | 0.0% |
| Financial fixed assets | 28 | €1,499,250 | €1,499,250 | = | 0.0% |
| Current assets | 29/58 | €23,487 | €34,515 | +€11,027 | +47.0% |
| Amounts receivable within one year | 40/41 | €429 | €19,360 | +€18,931 | +4416.4% |
| Trade receivables | 40 | - | €19,360 | +€19,360 | |
| Other amounts receivable | 41 | €429 | €0 | -€429 | -100.0% |
| Cash at bank and in hand | 54/58 | €8,059 | €11,279 | +€3,220 | +40.0% |
| Deferred charges and accrued income | 490/1 | €15,000 | €3,876 | -€11,124 | -74.2% |
| Total equity and liabilities | 10/49 | €1,522,737 | €1,533,765 | +€11,027 | +0.7% |
| Equity | 10/15 | €1,478,966 | €1,452,159 | -€26,807 | -1.8% |
| Contributions | 10/11 | €10,445 | €10,445 | = | 0.0% |
| Reserves | 13 | €1,468,521 | €1,441,714 | -€26,807 | -1.8% |
| Distributable reserves | 133 | €1,468,521 | €1,441,714 | -€26,807 | -1.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €43,771 | €81,606 | +€37,835 | +86.4% |
| Amounts payable within one year | 42/48 | €42,334 | €81,206 | +€38,872 | +91.8% |
| Trade debts | 44 | €2,391 | €7,973 | +€5,582 | +233.4% |
| Suppliers | 440/4 | €2,391 | €7,973 | +€5,582 | +233.4% |
| Advances received on contracts in progress | 46 | €3,243 | €0 | -€3,243 | -100.0% |
| Taxes, remuneration and social security | 45 | €4,326 | €13,570 | +€9,244 | +213.7% |
| Taxes | 450/3 | €4,326 | €13,070 | +€8,744 | +202.1% |
| Remuneration and social security | 454/9 | - | €500 | +€500 | |
| Other amounts payable | 47/48 | €32,374 | €59,663 | +€27,289 | +84.3% |
| Accrued charges and deferred income | 492/3 | €1,437 | €400 | -€1,038 | -72.2% |
| Other operating charges | 640/8 | €558 | €652 | +€95 | +17.0% |
| Gross operating margin | 9900 | €11,274 | €45,279 | +€34,005 | +301.6% |
| Operating profit (loss) | 9901 | €10,716 | €44,627 | +€33,911 | +316.5% |
| Financial charges | 65/66B | - | €6,041 | +€6,041 | |
| Recurring financial charges | 65 | - | €6,041 | +€6,041 | |
| Profit (loss) for the period before taxes | 9903 | €10,716 | €38,585 | +€27,869 | +260.1% |
| Income taxes | 67/77 | €2,923 | €11,139 | +€8,217 | +281.1% |
| Profit (loss) for the period | 9904 | €7,793 | €27,446 | +€19,653 | +252.2% |
| Profit (loss) for the period to be appropriated | 9905 | €7,793 | €27,446 | +€19,653 | +252.2% |
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 9 October 2026 via checked.be.