KG&P: 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&P
Largest movements
- Cash +€11,377
up €11,377 (+139%), from €8,159 to €19,536
mainly Net result for the year (+€8,418) and Deferred charges and accrued income (+€2,516)
- Receivables within one year +€2,726
up €2,726 (+22.7%), from €12,034 to €14,760
of which Trade receivables: +€6,868
- Deferred charges and accrued income -€2,516
down €2,516 (-74.1%), from €3,396 to €881
- Tangible fixed assets -€621
down €621 (-12.8%), from €4,873 to €4,252
of which Plant, machinery and equipment: -€522
- Reserves +€7,517
up €7,517 (+34.1%), from €22,040 to €29,557
- Tax, wage and social debts +€2,005
up €2,005 (+43.6%), from €4,596 to €6,601
of which Taxes: +€3,505
- Other debts +€1,262
up €1,262 (+3,560%), from €35 to €1,298
- Gross operating margin +€6,598
up €6,598 (+66.6%), from €9,911 to €16,509
- Other operating charges -€5,842
down €5,842 (-87.1%), from €6,709 to €866
- Taxes +€3,146
up €3,146 (+314%), from €1,001 to €4,147
- Depreciation +€1,502
up €1,502 (+340%), from €441 to €1,943
- Financial charges -€204
down €204 (-15.1%), from €1,349 to €1,145
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 | €28,463 | €39,428 | +€10,965 | +38.5% |
| Fixed assets | 21/28 | €4,873 | €4,252 | -€621 | -12.8% |
| Tangible fixed assets | 22/27 | €4,873 | €4,252 | -€621 | -12.8% |
| Land and buildings | 22 | €536 | €268 | -€268 | -50.0% |
| Plant, machinery and equipment | 23 | €1,565 | €1,043 | -€522 | -33.3% |
| Furniture and vehicles | 24 | €2,772 | €2,940 | +€168 | +6.1% |
| Current assets | 29/58 | €23,590 | €35,176 | +€11,587 | +49.1% |
| Amounts receivable within one year | 40/41 | €12,034 | €14,760 | +€2,726 | +22.7% |
| Trade receivables | 40 | €6,981 | €13,849 | +€6,868 | +98.4% |
| Other amounts receivable | 41 | €5,053 | €911 | -€4,143 | -82.0% |
| Cash at bank and in hand | 54/58 | €8,159 | €19,536 | +€11,377 | +139% |
| Deferred charges and accrued income | 490/1 | €3,396 | €881 | -€2,516 | -74.1% |
| Total equity and liabilities | 10/49 | €28,463 | €39,428 | +€10,965 | +38.5% |
| Equity | 10/15 | €23,540 | €31,057 | +€7,517 | +31.9% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €22,040 | €29,557 | +€7,517 | +34.1% |
| Distributable reserves | 133 | €22,040 | €29,557 | +€7,517 | +34.1% |
| Amounts payable | 17/49 | €4,923 | €8,371 | +€3,449 | +70.1% |
| Amounts payable within one year | 42/48 | €4,923 | €8,371 | +€3,449 | +70.1% |
| Trade debts | 44 | €291 | €473 | +€182 | +62.4% |
| Suppliers | 440/4 | €291 | €473 | +€182 | +62.4% |
| Taxes, remuneration and social security | 45 | €4,596 | €6,601 | +€2,005 | +43.6% |
| Taxes | 450/3 | €3,096 | €6,601 | +€3,505 | +113% |
| Remuneration and social security | 454/9 | €1,500 | - | -€1,500 | |
| Other amounts payable | 47/48 | €35 | €1,298 | +€1,262 | +3,560% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €441 | €1,943 | +€1,502 | +340% |
| Other operating charges | 640/8 | €6,709 | €866 | -€5,842 | -87.1% |
| Gross operating margin | 9900 | €9,911 | €16,509 | +€6,598 | +66.6% |
| Operating profit (loss) | 9901 | €2,761 | €13,700 | +€10,939 | +396% |
| Financial income | 75/76B | €10 | €9 | -€2 | -15.1% |
| Recurring financial income | 75 | €10 | €9 | -€2 | -15.1% |
| Financial charges | 65/66B | €1,349 | €1,145 | -€204 | -15.1% |
| Recurring financial charges | 65 | €1,349 | €1,145 | -€204 | -15.1% |
| Profit (loss) for the period before taxes | 9903 | €1,423 | €12,564 | +€11,142 | +783% |
| Income taxes | 67/77 | €1,001 | €4,147 | +€3,146 | +314% |
| Profit (loss) for the period | 9904 | €422 | €8,418 | +€7,996 | +1,895% |
| Profit (loss) for the period to be appropriated | 9905 | €422 | €8,418 | +€7,996 | +1,895% |
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 22 October 2026 via checked.be.