KG PARTNERS: 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 PARTNERS
Largest movements
- Cash +€9,760
up €9,760 (+24.0%), from €40,614 to €50,375
mainly Receivables within one year (+€7,617) and Net result for the year (+€5,783)
- Receivables within one year -€7,617
no longer reported in 2025 (was €7,617)
- Formation expenses -€724
down €724 (-59.8%), from €1,210 to €486
- Deferred charges and accrued income +€579
new in 2025: €579
- Profit (loss) carried forward +€4,950
up €4,950 (+18.3%), from €27,044 to €31,995
- Tax, wage and social debts -€3,700
down €3,700 (-20.5%), from €18,009 to €14,309
of which Taxes: -€4,180
- Other debts +€640
up €640 (+18.8%), from €3,406 to €4,046
- Gross operating margin -€24,673
down €24,673 (-71.2%), from €34,657 to €9,985
- Taxes -€4,128
down €4,128 (-59.4%), from €6,953 to €2,825
- Depreciation +€486
up €486 (+204%), from €238 to €724
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 | €49,537 | €51,536 | +€1,999 | +4.0% |
| Formation expenses | 20 | €1,210 | €486 | -€724 | -59.8% |
| Fixed assets | 21/28 | €96 | €96 | = | 0.0% |
| Financial fixed assets | 28 | €96 | €96 | = | 0.0% |
| Current assets | 29/58 | €48,231 | €50,954 | +€2,723 | +5.6% |
| Amounts receivable within one year | 40/41 | €7,617 | - | -€7,617 | |
| Trade receivables | 40 | €7,617 | - | -€7,617 | |
| Cash at bank and in hand | 54/58 | €40,614 | €50,375 | +€9,760 | +24.0% |
| Deferred charges and accrued income | 490/1 | - | €579 | +€579 | |
| Total equity and liabilities | 10/49 | €49,537 | €51,536 | +€1,999 | +4.0% |
| Equity | 10/15 | €27,144 | €32,095 | +€4,950 | +18.2% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Profit (loss) carried forward | 14 | €27,044 | €31,995 | +€4,950 | +18.3% |
| Amounts payable | 17/49 | €22,393 | €19,442 | -€2,951 | -13.2% |
| Amounts payable within one year | 42/48 | €22,393 | €19,442 | -€2,951 | -13.2% |
| Trade debts | 44 | €977 | €1,086 | +€108 | +11.1% |
| Suppliers | 440/4 | €977 | €1,086 | +€108 | +11.1% |
| Taxes, remuneration and social security | 45 | €18,009 | €14,309 | -€3,700 | -20.5% |
| Taxes | 450/3 | €18,009 | €13,829 | -€4,180 | -23.2% |
| Remuneration and social security | 454/9 | - | €480 | +€480 | |
| Other amounts payable | 47/48 | €3,406 | €4,046 | +€640 | +18.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €238 | €724 | +€486 | +204% |
| Other operating charges | 640/8 | €387 | €502 | +€115 | +29.7% |
| Gross operating margin | 9900 | €34,657 | €9,985 | -€24,673 | -71.2% |
| Operating profit (loss) | 9901 | €34,032 | €8,758 | -€25,274 | -74.3% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €35 | €150 | +€115 | +328% |
| Recurring financial charges | 65 | €35 | €150 | +€115 | +328% |
| Profit (loss) for the period before taxes | 9903 | €33,997 | €8,608 | -€25,389 | -74.7% |
| Income taxes | 67/77 | €6,953 | €2,825 | -€4,128 | -59.4% |
| Profit (loss) for the period | 9904 | €27,044 | €5,783 | -€21,261 | -78.6% |
| Profit (loss) for the period to be appropriated | 9905 | €27,044 | €5,783 | -€21,261 | -78.6% |
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 20 October 2026 via checked.be.