KGLD: what changed
Two fiscal 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.
KGLD
Largest movements
- Cash +€4,218
up €4,218 (+79.4%), from €5,309 to €9,527
mainly Tax, wage and social debts (+€6,068) and Depreciation (+€3,579)
- Tangible fixed assets -€3,579
down €3,579 (-61.3%), from €5,843 to €2,264
- Receivables within one year -€2,826
down €2,826 (-29.9%), from €9,435 to €6,609
of which Trade receivables: -€5,588
- Current investments +€2,194
up €2,194 (+35.4%), from €6,200 to €8,394
- Tax, wage and social debts +€6,068
up €6,068 (+89.3%), from €6,793 to €12,861
of which Taxes: +€5,908
- Trade debts -€4,045
down €4,045 (-57.7%), from €7,013 to €2,969
- Profit (loss) carried forward -€1,779
down €1,779 (-96.3%), from -€1,848 to -€3,627
- Gross operating margin -€7,918
down €7,918 (-76.4%), from €10,359 to €2,442
- Other operating charges -€768
down €768 (-60.5%), from €1,268 to €500
- Financial income -€686
down €686 (-84.3%), from €813 to €128
- Depreciation -€340
down €340 (-8.7%), from €3,920 to €3,579
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.
Cash bridge derived
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 | €26,980 | €27,203 | +€223 | +0.8% |
| Fixed assets | 21/28 | €5,943 | €2,364 | -€3,579 | -60.2% |
| Tangible fixed assets | 22/27 | €5,843 | €2,264 | -€3,579 | -61.3% |
| Furniture and vehicles | 24 | €5,843 | €2,264 | -€3,579 | -61.3% |
| Financial fixed assets | 28 | €100 | €100 | = | 0.0% |
| Current assets | 29/58 | €21,037 | €24,839 | +€3,802 | +18.1% |
| Amounts receivable within one year | 40/41 | €9,435 | €6,609 | -€2,826 | -29.9% |
| Trade receivables | 40 | €8,585 | €2,997 | -€5,588 | -65.1% |
| Other amounts receivable | 41 | €850 | €3,613 | +€2,763 | +325.0% |
| Current investments | 50/53 | €6,200 | €8,394 | +€2,194 | +35.4% |
| Cash at bank and in hand | 54/58 | €5,309 | €9,527 | +€4,218 | +79.4% |
| Deferred charges and accrued income | 490/1 | €92 | €308 | +€216 | +234.9% |
| Total equity and liabilities | 10/49 | €26,980 | €27,203 | +€223 | +0.8% |
| Equity | 10/15 | €13,152 | €11,373 | -€1,779 | -13.5% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,848 | -€3,627 | -€1,779 | -96.3% |
| Amounts payable | 17/49 | €13,828 | €15,829 | +€2,002 | +14.5% |
| Amounts payable within one year | 42/48 | €13,806 | €15,829 | +€2,023 | +14.7% |
| Trade debts | 44 | €7,013 | €2,969 | -€4,045 | -57.7% |
| Suppliers | 440/4 | €7,013 | €2,969 | -€4,045 | -57.7% |
| Taxes, remuneration and social security | 45 | €6,793 | €12,861 | +€6,068 | +89.3% |
| Taxes | 450/3 | €6,425 | €12,333 | +€5,908 | +91.9% |
| Remuneration and social security | 454/9 | €368 | €528 | +€160 | +43.5% |
| Accrued charges and deferred income | 492/3 | €21 | - | -€21 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,920 | €3,579 | -€340 | -8.7% |
| Other operating charges | 640/8 | €1,268 | €500 | -€768 | -60.5% |
| Gross operating margin | 9900 | €10,359 | €2,442 | -€7,918 | -76.4% |
| Operating profit (loss) | 9901 | €5,172 | -€1,638 | -€6,809 | |
| Financial income | 75/76B | €813 | €128 | -€686 | -84.3% |
| Recurring financial income | 75 | €813 | €128 | -€686 | -84.3% |
| Financial charges | 65/66B | €40 | €126 | +€86 | +215.6% |
| Recurring financial charges | 65 | €40 | €126 | +€86 | +215.6% |
| Profit (loss) for the period before taxes | 9903 | €5,945 | -€1,636 | -€7,581 | |
| Income taxes | 67/77 | €167 | €143 | -€24 | -14.6% |
| Profit (loss) for the period | 9904 | €5,778 | -€1,779 | -€7,557 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,778 | -€1,779 | -€7,557 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.