KGbe: what changed
KGbe
Largest movements
- Cash +€42,011
up €42,011 (+28.3%), from €148,664 to €190,674
mainly Trade debts (+€38,283) and Accrued charges and deferred income (+€32,160)
- Deferred charges and accrued income +€29,288
up €29,288 (+1,871%), from €1,565 to €30,853
- Receivables within one year -€22,065
down €22,065 (-29.9%), from €73,787 to €51,723
of which Other amounts receivable: -€15,651
- Trade debts +€38,283
up €38,283 (+50.9%), from €75,233 to €113,516
- Accrued charges and deferred income +€32,160
up €32,160 (+38.7%), from €83,070 to €115,230
- Other debts -€19,188
down €19,188 (-85.7%), from €22,398 to €3,210
- Gross operating margin -€88,437
down €88,437 (-26.9%), from €329,325 to €240,887
- Financial charges -€49,987
down €49,987 (-76.7%), from €65,196 to €15,209
- Staff costs -€32,123
down €32,123 (-12.6%), from €255,289 to €223,166
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €224,017 | €273,250 | +€49,234 | +22.0% |
| Current assets | 29/58 | €224,017 | €273,250 | +€49,234 | +22.0% |
| Amounts receivable within one year | 40/41 | €73,787 | €51,723 | -€22,065 | -29.9% |
| Trade receivables | 40 | €32,336 | €25,923 | -€6,413 | -19.8% |
| Other amounts receivable | 41 | €41,451 | €25,800 | -€15,651 | -37.8% |
| Cash at bank and in hand | 54/58 | €148,664 | €190,674 | +€42,011 | +28.3% |
| Deferred charges and accrued income | 490/1 | €1,565 | €30,853 | +€29,288 | +1,871% |
| Total equity and liabilities | 10/49 | €224,017 | €273,250 | +€49,234 | +22.0% |
| Equity | 10/15 | €21,001 | €19,962 | -€1,039 | -4.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,601 | €7,562 | -€1,039 | -12.1% |
| Amounts payable | 17/49 | €203,015 | €253,288 | +€50,273 | +24.8% |
| Amounts payable within one year | 42/48 | €119,946 | €138,058 | +€18,112 | +15.1% |
| Trade debts | 44 | €75,233 | €113,516 | +€38,283 | +50.9% |
| Suppliers | 440/4 | €75,233 | €113,516 | +€38,283 | +50.9% |
| Advances received on contracts in progress | 46 | €3,711 | €1,875 | -€1,837 | -49.5% |
| Taxes, remuneration and social security | 45 | €18,603 | €19,457 | +€853 | +4.6% |
| Taxes | 450/3 | €0 | €168 | +€168 | |
| Remuneration and social security | 454/9 | €18,603 | €19,289 | +€685 | +3.7% |
| Other amounts payable | 47/48 | €22,398 | €3,210 | -€19,188 | -85.7% |
| Accrued charges and deferred income | 492/3 | €83,070 | €115,230 | +€32,160 | +38.7% |
| Non-recurring operating income | 76A | €501 | €7,848 | +€7,346 | +1,465% |
| Remuneration, social security and pensions | 62 | €255,289 | €223,166 | -€32,123 | -12.6% |
| Other operating charges | 640/8 | €819 | €1,019 | +€200 | +24.5% |
| Non-recurring operating charges | 66A | €241 | €1,047 | +€806 | +334% |
| Gross operating margin | 9900 | €329,325 | €240,887 | -€88,437 | -26.9% |
| Operating profit (loss) | 9901 | €72,976 | €15,655 | -€57,321 | -78.5% |
| Financial income | 75/76B | €5 | €19 | +€14 | +290% |
| Recurring financial income | 75 | €5 | €19 | +€14 | +290% |
| Financial charges | 65/66B | €65,196 | €15,209 | -€49,987 | -76.7% |
| Recurring financial charges | 65 | €65,196 | €15,209 | -€49,987 | -76.7% |
| Profit (loss) for the period before taxes | 9903 | €7,785 | €466 | -€7,319 | -94.0% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | €7,785 | €466 | -€7,319 | -94.0% |
| Profit (loss) for the period to be appropriated | 9905 | €7,785 | €466 | -€7,319 | -94.0% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.