KGO International: 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.
KGO International
Largest movements
- Current investments +€34,687
new in 2025: €34,687
- Cash +€5,656
up €5,656 (+8.0%), from €71,126 to €76,783
mainly Net result for the year (+€39,742) and Trade debts (+€9,619)
- Tangible fixed assets +€4,528
up €4,528 (+91.9%), from €4,929 to €9,457
of which Furniture and vehicles: +€5,142
- Reserves +€39,742
up €39,742 (+65.8%), from €60,421 to €100,163
- Trade debts +€9,619
up €9,619 (+79.1%), from €12,156 to €21,774
- Other debts -€3,209
down €3,209 (-72.4%), from €4,434 to €1,226
- Taxes +€12,670
new in 2025: €12,670
- Gross operating margin -€7,318
down €7,318 (-11.7%), from €62,373 to €55,055
- Financial income +€984
up €984 (+2,627%), from €37 to €1,022
- Financial charges +€850
up €850 (+52.5%), from €1,618 to €2,468
- Depreciation +€696
up €696 (+216%), from €322 to €1,018
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 | €89,365 | €134,842 | +€45,477 | +50.9% |
| Fixed assets | 21/28 | €4,929 | €9,457 | +€4,528 | +91.9% |
| Tangible fixed assets | 22/27 | €4,929 | €9,457 | +€4,528 | +91.9% |
| Land and buildings | 22 | €4,291 | €3,854 | -€436 | -10.2% |
| Plant, machinery and equipment | 23 | €638 | €461 | -€177 | -27.8% |
| Furniture and vehicles | 24 | - | €5,142 | +€5,142 | |
| Current assets | 29/58 | €84,436 | €125,385 | +€40,949 | +48.5% |
| Amounts receivable within one year | 40/41 | €13,310 | €13,915 | +€605 | +4.5% |
| Trade receivables | 40 | €13,310 | €13,915 | +€605 | +4.5% |
| Current investments | 50/53 | - | €34,687 | +€34,687 | |
| Cash at bank and in hand | 54/58 | €71,126 | €76,783 | +€5,656 | +8.0% |
| Total equity and liabilities | 10/49 | €89,365 | €134,842 | +€45,477 | +50.9% |
| Equity | 10/15 | €66,421 | €106,163 | +€39,742 | +59.8% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €60,421 | €100,163 | +€39,742 | +65.8% |
| Distributable reserves | 133 | €60,421 | €100,163 | +€39,742 | +65.8% |
| Amounts payable | 17/49 | €22,944 | €28,679 | +€5,735 | +25.0% |
| Amounts payable within one year | 42/48 | €22,944 | €28,679 | +€5,735 | +25.0% |
| Trade debts | 44 | €12,156 | €21,774 | +€9,619 | +79.1% |
| Suppliers | 440/4 | €12,156 | €21,774 | +€9,619 | +79.1% |
| Taxes, remuneration and social security | 45 | €6,354 | €5,679 | -€675 | -10.6% |
| Taxes | 450/3 | €6,354 | €5,679 | -€675 | -10.6% |
| Other amounts payable | 47/48 | €4,434 | €1,226 | -€3,209 | -72.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €322 | €1,018 | +€696 | +216% |
| Other operating charges | 640/8 | €50 | €180 | +€130 | +260% |
| Gross operating margin | 9900 | €62,373 | €55,055 | -€7,318 | -11.7% |
| Operating profit (loss) | 9901 | €62,002 | €53,857 | -€8,144 | -13.1% |
| Financial income | 75/76B | €37 | €1,022 | +€984 | +2,627% |
| Recurring financial income | 75 | €37 | €1,022 | +€984 | +2,627% |
| Financial charges | 65/66B | €1,618 | €2,468 | +€850 | +52.5% |
| Recurring financial charges | 65 | €1,618 | €2,468 | +€850 | +52.5% |
| Profit (loss) for the period before taxes | 9903 | €60,421 | €52,412 | -€8,010 | -13.3% |
| Income taxes | 67/77 | - | €12,670 | +€12,670 | |
| Profit (loss) for the period | 9904 | €60,421 | €39,742 | -€20,680 | -34.2% |
| Profit (loss) for the period to be appropriated | 9905 | €60,421 | €39,742 | -€20,680 | -34.2% |
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.