KG.RC: 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.RC
Largest movements
- Cash +€6,250
up €6,250 (+318%), from €1,966 to €8,216
mainly Depreciation (+€5,335) and Current portion of long-term debt (+€5,000)
- Tangible fixed assets -€4,601
down €4,601 (-22.8%), from €20,159 to €15,558
of which Furniture and vehicles: -€4,239
- Receivables within one year -€4,348
down €4,348 (-77.3%), from €5,625 to €1,277
of which Trade receivables: -€2,259
- Intangible fixed assets -€734
no longer reported in 2025 (was €734)
- Stocks and contracts +€308
up €308 (+34.0%), from €905 to €1,213
- Profit (loss) carried forward -€6,856
down €6,856 (-27.7%), from -€24,751 to -€31,607
- Current portion of long-term debt +€5,000
new in 2025: €5,000
- Other debts -€2,742
down €2,742 (-8.0%), from €34,358 to €31,616
- Trade debts +€934
up €934 (+310%), from €301 to €1,235
- Tax, wage and social debts +€539
up €539 (+3,171%), from €17 to €556
of which Remuneration and social security: +€556
- Gross operating margin +€15,124
up €15,124, from -€7,737 to €7,387
- Financial charges -€3,224
down €3,224 (-70.4%), from €4,582 to €1,358
- Staff costs +€3,143
up €3,143 (+74.5%), from €4,219 to €7,362
- Depreciation +€348
up €348 (+7.0%), from €4,987 to €5,335
- Other operating charges +€118
up €118 (+124%), from €95 to €213
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 | €29,925 | €26,800 | -€3,125 | -10.4% |
| Fixed assets | 21/28 | €21,429 | €16,094 | -€5,335 | -24.9% |
| Intangible fixed assets | 21 | €734 | - | -€734 | |
| Tangible fixed assets | 22/27 | €20,159 | €15,558 | -€4,601 | -22.8% |
| Plant, machinery and equipment | 23 | €2,575 | €2,213 | -€362 | -14.1% |
| Furniture and vehicles | 24 | €17,584 | €13,345 | -€4,239 | -24.1% |
| Financial fixed assets | 28 | €536 | €536 | = | 0.0% |
| Current assets | 29/58 | €8,496 | €10,706 | +€2,210 | +26.0% |
| Stocks and contracts in progress | 3 | €905 | €1,213 | +€308 | +34.0% |
| Stocks | 30/36 | €905 | €1,213 | +€308 | +34.0% |
| Amounts receivable within one year | 40/41 | €5,625 | €1,277 | -€4,348 | -77.3% |
| Trade receivables | 40 | €3,051 | €792 | -€2,259 | -74.0% |
| Other amounts receivable | 41 | €2,574 | €485 | -€2,089 | -81.2% |
| Cash at bank and in hand | 54/58 | €1,966 | €8,216 | +€6,250 | +318% |
| Total equity and liabilities | 10/49 | €29,925 | €26,800 | -€3,125 | -10.4% |
| Equity | 10/15 | -€4,751 | -€11,607 | -€6,856 | -144% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€24,751 | -€31,607 | -€6,856 | -27.7% |
| Amounts payable | 17/49 | €34,676 | €38,407 | +€3,731 | +10.8% |
| Amounts payable within one year | 42/48 | €34,676 | €38,407 | +€3,731 | +10.8% |
| Current portion of amounts payable after more than one year | 42 | - | €5,000 | +€5,000 | |
| Trade debts | 44 | €301 | €1,235 | +€934 | +310% |
| Suppliers | 440/4 | €301 | €1,235 | +€934 | +310% |
| Taxes, remuneration and social security | 45 | €17 | €556 | +€539 | +3,171% |
| Taxes | 450/3 | €17 | - | -€17 | |
| Remuneration and social security | 454/9 | - | €556 | +€556 | |
| Other amounts payable | 47/48 | €34,358 | €31,616 | -€2,742 | -8.0% |
| Remuneration, social security and pensions | 62 | €4,219 | €7,362 | +€3,143 | +74.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,987 | €5,335 | +€348 | +7.0% |
| Other operating charges | 640/8 | €95 | €213 | +€118 | +124% |
| Non-recurring operating charges | 66A | €3,131 | - | -€3,131 | |
| Gross operating margin | 9900 | -€7,737 | €7,387 | +€15,124 | |
| Operating profit (loss) | 9901 | -€20,169 | -€5,523 | +€14,646 | +72.6% |
| Financial income | 75/76B | - | €25 | +€25 | |
| Recurring financial income | 75 | - | €25 | +€25 | |
| Financial charges | 65/66B | €4,582 | €1,358 | -€3,224 | -70.4% |
| Recurring financial charges | 65 | €4,582 | €1,358 | -€3,224 | -70.4% |
| Profit (loss) for the period before taxes | 9903 | -€24,751 | -€6,856 | +€17,895 | +72.3% |
| Profit (loss) for the period | 9904 | -€24,751 | -€6,856 | +€17,895 | +72.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€24,751 | -€6,856 | +€17,895 | +72.3% |
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 30 October 2026 via checked.be.