KKB Latem: 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.
KKB Latem
Largest movements
- Tangible fixed assets +€340,888
up €340,888 (+89.9%), from €379,160 to €720,048
of which Other tangible fixed assets: +€342,011
- Receivables within one year +€322,517
up €322,517 (+75.0%), from €430,305 to €752,822
of which Other amounts receivable: +€467,361
- Cash -€201,150
down €201,150 (-32.8%), from €613,153 to €412,003
mainly Contributions, distributions and other (-€600,000) and Investment in fixed assets (net) (-€441,117)
- Other debts +€588,875
up €588,875 (+4,960%), from €11,872 to €600,747
- Profit (loss) carried forward -€519,638
down €519,638 (-95.5%), from €544,049 to €24,411
- Trade debts +€452,809
up €452,809 (+97.0%), from €466,832 to €919,641
- Reserves -€100,000
down €100,000 (-61.8%), from €161,859 to €61,859
- Advances received +€38,926
up €38,926 (+6.5%), from €602,877 to €641,802
- Gross operating margin -€717,532
down €717,532 (-51.5%), from €1.4m to €675,120
- Staff costs -€565,955
down €565,955 (-47.6%), from €1.2m to €623,777
- Depreciation -€65,281
down €65,281 (-39.4%), from €165,510 to €100,229
- Financial charges -€44,839
down €44,839 (-85.3%), from €52,556 to €7,716
- Financial income -€38,096
down €38,096 (-35.7%), from €106,610 to €68,514
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 | €2,016,328 | €2,469,968 | +€453,640 | +22.5% |
| Fixed assets | 21/28 | €379,198 | €720,086 | +€340,888 | +89.9% |
| Tangible fixed assets | 22/27 | €379,160 | €720,048 | +€340,888 | +89.9% |
| Plant, machinery and equipment | 23 | €2,567 | €1,503 | -€1,065 | -41.5% |
| Furniture and vehicles | 24 | €5,367 | €5,309 | -€59 | -1.1% |
| Other tangible fixed assets | 26 | €371,226 | €713,237 | +€342,011 | +92.1% |
| Financial fixed assets | 28 | €38 | €38 | = | 0.0% |
| Current assets | 29/58 | €1,637,129 | €1,749,882 | +€112,752 | +6.9% |
| Stocks and contracts in progress | 3 | €583,476 | €571,357 | -€12,119 | -2.1% |
| Stocks | 30/36 | €583,476 | €571,357 | -€12,119 | -2.1% |
| Amounts receivable within one year | 40/41 | €430,305 | €752,822 | +€322,517 | +75.0% |
| Trade receivables | 40 | €193,260 | €48,417 | -€144,844 | -74.9% |
| Other amounts receivable | 41 | €237,045 | €704,405 | +€467,361 | +197% |
| Cash at bank and in hand | 54/58 | €613,153 | €412,003 | -€201,150 | -32.8% |
| Deferred charges and accrued income | 490/1 | €10,195 | €13,700 | +€3,504 | +34.4% |
| Total equity and liabilities | 10/49 | €2,016,328 | €2,469,968 | +€453,640 | +22.5% |
| Equity | 10/15 | €724,500 | €104,863 | -€619,638 | -85.5% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €161,859 | €61,859 | -€100,000 | -61.8% |
| Distributable reserves | 133 | €161,859 | €61,859 | -€100,000 | -61.8% |
| Profit (loss) carried forward | 14 | €544,049 | €24,411 | -€519,638 | -95.5% |
| Amounts payable | 17/49 | €1,291,828 | €2,365,105 | +€1.1m | +83.1% |
| Amounts payable within one year | 42/48 | €1,217,830 | €2,283,354 | +€1.1m | +87.5% |
| Trade debts | 44 | €466,832 | €919,641 | +€452,809 | +97.0% |
| Suppliers | 440/4 | €466,832 | €919,641 | +€452,809 | +97.0% |
| Advances received on contracts in progress | 46 | €602,877 | €641,802 | +€38,926 | +6.5% |
| Taxes, remuneration and social security | 45 | €136,250 | €121,164 | -€15,086 | -11.1% |
| Taxes | 450/3 | €32,783 | €50,135 | +€17,353 | +52.9% |
| Remuneration and social security | 454/9 | €103,468 | €71,029 | -€32,439 | -31.4% |
| Other amounts payable | 47/48 | €11,872 | €600,747 | +€588,875 | +4,960% |
| Accrued charges and deferred income | 492/3 | €73,998 | €81,751 | +€7,753 | +10.5% |
| Non-recurring operating income | 76A | €1,750 | €9,917 | +€8,167 | +467% |
| Remuneration, social security and pensions | 62 | €1,189,731 | €623,777 | -€565,955 | -47.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €165,510 | €100,229 | -€65,281 | -39.4% |
| Other operating charges | 640/8 | €25,903 | €13,567 | -€12,336 | -47.6% |
| Non-recurring operating charges | 66A | €88 | €2,080 | +€1,992 | +2,264% |
| Gross operating margin | 9900 | €1,392,652 | €675,120 | -€717,532 | -51.5% |
| Operating profit (loss) | 9901 | €11,419 | -€64,533 | -€75,952 | |
| Financial income | 75/76B | €106,610 | €68,514 | -€38,096 | -35.7% |
| Recurring financial income | 75 | €106,610 | €68,514 | -€38,096 | -35.7% |
| Financial charges | 65/66B | €52,556 | €7,716 | -€44,839 | -85.3% |
| Recurring financial charges | 65 | €52,556 | €7,716 | -€44,839 | -85.3% |
| Profit (loss) for the period before taxes | 9903 | €65,473 | -€3,736 | -€69,209 | |
| Income taxes | 67/77 | €42,985 | €15,902 | -€27,084 | -63.0% |
| Profit (loss) for the period | 9904 | €22,488 | -€19,638 | -€42,125 | |
| Profit (loss) for the period to be appropriated | 9905 | €22,488 | -€19,638 | -€42,125 |
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 23 October 2026 via checked.be.