KG1705: 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.
KG1705
Largest movements
- Tangible fixed assets +€4,314
new in 2025: €4,314
- Current investments +€3,000
new in 2025: €3,000
- Receivables within one year +€2,644
up €2,644 (+153%), from €1,729 to €4,372
of which Trade receivables: +€2,588
- Other debts +€5,315
up €5,315 (+110%), from €4,828 to €10,143
- Profit (loss) carried forward +€1,849
up €1,849 (+11.1%), from €16,639 to €18,489
- Tax, wage and social debts +€1,771
up €1,771 (+29.7%), from €5,967 to €7,738
- Trade debts +€1,158
up €1,158 (+131%), from €883 to €2,041
- Gross operating margin -€2,708
down €2,708 (-18.2%), from €14,884 to €12,176
- Taxes -€662
down €662 (-23.4%), from €2,834 to €2,172
- Depreciation +€584
new in 2025: €584
- Financial charges -€328
down €328 (-22.7%), from €1,446 to €1,118
- Other operating charges +€293
up €293 (+105%), from €280 to €573
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 | €31,416 | €41,682 | +€10,266 | +32.7% |
| Fixed assets | 21/28 | - | €4,314 | +€4,314 | |
| Tangible fixed assets | 22/27 | - | €4,314 | +€4,314 | |
| Furniture and vehicles | 24 | - | €4,314 | +€4,314 | |
| Current assets | 29/58 | €31,416 | €37,368 | +€5,952 | +18.9% |
| Amounts receivable within one year | 40/41 | €1,729 | €4,372 | +€2,644 | +153% |
| Trade receivables | 40 | €1,716 | €4,304 | +€2,588 | +151% |
| Other amounts receivable | 41 | €12 | €68 | +€56 | +455% |
| Current investments | 50/53 | - | €3,000 | +€3,000 | |
| Cash at bank and in hand | 54/58 | €28,460 | €28,411 | -€49 | -0.2% |
| Deferred charges and accrued income | 490/1 | €1,227 | €1,585 | +€358 | +29.2% |
| Total equity and liabilities | 10/49 | €31,416 | €41,682 | +€10,266 | +32.7% |
| Equity | 10/15 | €19,639 | €21,489 | +€1,849 | +9.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €16,639 | €18,489 | +€1,849 | +11.1% |
| Amounts payable | 17/49 | €11,777 | €20,194 | +€8,417 | +71.5% |
| Amounts payable within one year | 42/48 | €11,777 | €20,194 | +€8,417 | +71.5% |
| Financial debts | 43 | €99 | €271 | +€173 | +176% |
| Credit institutions | 430/8 | €99 | €271 | +€173 | +176% |
| Trade debts | 44 | €883 | €2,041 | +€1,158 | +131% |
| Suppliers | 440/4 | €883 | €2,041 | +€1,158 | +131% |
| Taxes, remuneration and social security | 45 | €5,967 | €7,738 | +€1,771 | +29.7% |
| Taxes | 450/3 | €5,967 | €7,738 | +€1,771 | +29.7% |
| Other amounts payable | 47/48 | €4,828 | €10,143 | +€5,315 | +110% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €584 | +€584 | |
| Other operating charges | 640/8 | €280 | €573 | +€293 | +105% |
| Gross operating margin | 9900 | €14,884 | €12,176 | -€2,708 | -18.2% |
| Operating profit (loss) | 9901 | €14,604 | €11,019 | -€3,586 | -24.6% |
| Financial income | 75/76B | €0 | €3 | +€3 | +29,900% |
| Recurring financial income | 75 | €0 | €3 | +€3 | +29,900% |
| Financial charges | 65/66B | €1,446 | €1,118 | -€328 | -22.7% |
| Recurring financial charges | 65 | €1,446 | €1,118 | -€328 | -22.7% |
| Profit (loss) for the period before taxes | 9903 | €13,158 | €9,904 | -€3,255 | -24.7% |
| Income taxes | 67/77 | €2,834 | €2,172 | -€662 | -23.4% |
| Profit (loss) for the period | 9904 | €10,324 | €7,732 | -€2,593 | -25.1% |
| Profit (loss) for the period to be appropriated | 9905 | €10,324 | €7,732 | -€2,593 | -25.1% |
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 28 October 2026 via checked.be.