KILOMETRE 10: what changed
KILOMETRE 10
Largest movements
- Receivables within one year -€1.5m
down €1.5m (-97.0%), from €1.6m to €47,160
of which Trade receivables: -€1.1m
- Cash +€378,440
new in 2025: €378,440
- Stocks and contracts +€326,144
new in 2025: €326,144
- Tangible fixed assets -€27,302
down €27,302 (-16.8%), from €162,578 to €135,276
of which Other tangible fixed assets: -€18,333
- Tax, wage and social debts -€586,730
down €586,730 (-89.7%), from €654,302 to €67,572
of which Taxes: -€563,815
- Short-term financial debts -€500,000
no longer reported in 2025 (was €500,000)
- Trade debts -€380,966
down €380,966 (-81.6%), from €466,944 to €85,978
- Reserves +€234,848
new in 2025: €234,848
of which Distributable reserves: +€232,988
- Other debts +€212,062
new in 2025: €212,062
- Gross operating margin -€244,017
down €244,017 (-45.1%), from €541,616 to €297,599
- Staff costs +€39,829
up €39,829 (+19.3%), from €206,542 to €246,370
- Provisions +€27,302
new in 2025: €27,302
- Depreciation -€25,027
no longer reported in 2025 (was €25,027)
Change in the result, 2024 to 2025
The net result is not in both sets of accounts. Without it the difference cannot be explained line by line.
Derived cash bridge
Cash or the result is not a separate line in both sets of accounts. So the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,726,368 | €891,140 | -€835,228 | -48.4% |
| Fixed assets | 21/28 | €162,578 | €135,351 | -€27,227 | -16.7% |
| Tangible fixed assets | 22/27 | €162,578 | €135,276 | -€27,302 | -16.8% |
| Land and buildings | 22 | €10,788 | €7,957 | -€2,831 | -26.2% |
| Plant, machinery and equipment | 23 | €6,573 | €5,033 | -€1,540 | -23.4% |
| Furniture and vehicles | 24 | €15,925 | €11,327 | -€4,598 | -28.9% |
| Other tangible fixed assets | 26 | €129,292 | €110,960 | -€18,333 | -14.2% |
| Financial fixed assets | 28 | - | €75 | +€75 | |
| Current assets | 29/58 | €1,563,790 | €755,789 | -€808,001 | -51.7% |
| Stocks and contracts in progress | 3 | - | €326,144 | +€326,144 | |
| Stocks | 30/36 | - | €326,144 | +€326,144 | |
| Amounts receivable within one year | 40/41 | €1,561,929 | €47,160 | -€1.5m | -97.0% |
| Trade receivables | 40 | €1,105,342 | €47,076 | -€1.1m | -95.7% |
| Other amounts receivable | 41 | €456,587 | €84 | -€456,503 | -100.0% |
| Cash at bank and in hand | 54/58 | - | €378,440 | +€378,440 | |
| Deferred charges and accrued income | 490/1 | €1,861 | €4,046 | +€2,184 | +117% |
| Total equity and liabilities | 10/49 | €1,726,368 | €891,140 | -€835,228 | -48.4% |
| Equity | 10/15 | €105,122 | €468,557 | +€363,435 | +346% |
| Contributions | 10/11 | - | €7,433 | +€7,433 | |
| Reserves | 13 | - | €234,848 | +€234,848 | |
| Non-distributable reserves | 130/1 | - | €1,860 | +€1,860 | |
| Reserves not available under the articles | 1311 | - | €1,860 | +€1,860 | |
| Distributable reserves | 133 | - | €232,988 | +€232,988 | |
| Profit (loss) carried forward | 14 | €105,122 | €226,276 | +€121,154 | +115% |
| Amounts payable | 17/49 | €1,621,246 | €422,583 | -€1.2m | -73.9% |
| Amounts payable within one year | 42/48 | €1,621,246 | €422,583 | -€1.2m | -73.9% |
| Financial debts | 43 | €500,000 | - | -€500,000 | |
| Credit institutions | 430/8 | €500,000 | - | -€500,000 | |
| Trade debts | 44 | €466,944 | €85,978 | -€380,966 | -81.6% |
| Suppliers | 440/4 | €466,944 | €85,978 | -€380,966 | -81.6% |
| Advances received on contracts in progress | 46 | - | €56,971 | +€56,971 | |
| Taxes, remuneration and social security | 45 | €654,302 | €67,572 | -€586,730 | -89.7% |
| Taxes | 450/3 | €592,037 | €28,222 | -€563,815 | -95.2% |
| Remuneration and social security | 454/9 | €62,265 | €39,350 | -€22,915 | -36.8% |
| Other amounts payable | 47/48 | - | €212,062 | +€212,062 | |
| Remuneration, social security and pensions | 62 | €206,542 | €246,370 | +€39,829 | +19.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,027 | - | -€25,027 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €27,302 | +€27,302 | |
| Other operating charges | 640/8 | €1,137 | €1,137 | = | 0.0% |
| Non-recurring operating charges | 66A | - | €22,789 | +€22,789 | |
| Gross operating margin | 9900 | €541,616 | €297,599 | -€244,017 | -45.1% |
| Operating profit (loss) | 9901 | €308,910 | - | -€308,910 | |
| Financial charges | 65/66B | €176 | - | -€176 | |
| Recurring financial charges | 65 | €176 | - | -€176 | |
| Profit (loss) for the period before taxes | 9903 | €308,734 | - | -€308,734 | |
| Profit (loss) for the period | 9904 | €308,734 | - | -€308,734 | |
| Profit (loss) for the period to be appropriated | 9905 | €308,734 | - | -€308,734 |
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 8 November 2026 via checked.be.