KND: 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.
KND
Largest movements
- Cash +€70,860
up €70,860 (+182%), from €38,926 to €109,787
mainly Net result for the year (+€73,271) and Receivables within one year (+€1,453)
- Tangible fixed assets +€3,937
new in 2025: €3,937
of which Furniture and vehicles: +€3,015
- Receivables within one year -€1,453
down €1,453 (-10.4%), from €13,911 to €12,458
of which Trade receivables: -€1,594
- Reserves +€73,271
up €73,271 (+122%), from €60,037 to €133,308
- Gross operating margin +€18,297
up €18,297 (+24.1%), from €76,040 to €94,337
- Taxes +€4,653
up €4,653 (+29.4%), from €15,823 to €20,476
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 | €68,490 | €142,124 | +€73,635 | +108% |
| Fixed assets | 21/28 | - | €3,937 | +€3,937 | |
| Tangible fixed assets | 22/27 | - | €3,937 | +€3,937 | |
| Plant, machinery and equipment | 23 | - | €922 | +€922 | |
| Furniture and vehicles | 24 | - | €3,015 | +€3,015 | |
| Current assets | 29/58 | €68,490 | €138,187 | +€69,697 | +102% |
| Amounts receivable within one year | 40/41 | €13,911 | €12,458 | -€1,453 | -10.4% |
| Trade receivables | 40 | €13,911 | €12,317 | -€1,594 | -11.5% |
| Other amounts receivable | 41 | - | €141 | +€141 | |
| Current investments | 50/53 | €14,500 | €14,500 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €38,926 | €109,787 | +€70,860 | +182% |
| Deferred charges and accrued income | 490/1 | €1,152 | €1,443 | +€290 | +25.2% |
| Total equity and liabilities | 10/49 | €68,490 | €142,124 | +€73,635 | +108% |
| Equity | 10/15 | €65,037 | €138,308 | +€73,271 | +113% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €60,037 | €133,308 | +€73,271 | +122% |
| Distributable reserves | 133 | €60,037 | €133,308 | +€73,271 | +122% |
| Amounts payable | 17/49 | €3,452 | €3,816 | +€363 | +10.5% |
| Amounts payable within one year | 42/48 | €3,452 | €3,816 | +€363 | +10.5% |
| Trade debts | 44 | €802 | €1,088 | +€287 | +35.8% |
| Suppliers | 440/4 | €802 | €1,088 | +€287 | +35.8% |
| Taxes, remuneration and social security | 45 | €665 | - | -€665 | |
| Taxes | 450/3 | €665 | - | -€665 | |
| Other amounts payable | 47/48 | €1,986 | €2,727 | +€741 | +37.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €762 | +€762 | |
| Other operating charges | 640/8 | €684 | €332 | -€352 | -51.4% |
| Gross operating margin | 9900 | €76,040 | €94,337 | +€18,297 | +24.1% |
| Operating profit (loss) | 9901 | €75,356 | €93,243 | +€17,887 | +23.7% |
| Financial income | 75/76B | €528 | €621 | +€93 | +17.7% |
| Recurring financial income | 75 | €528 | €621 | +€93 | +17.7% |
| Financial charges | 65/66B | €23 | €117 | +€93 | +401% |
| Recurring financial charges | 65 | €23 | €117 | +€93 | +401% |
| Profit (loss) for the period before taxes | 9903 | €75,860 | €93,748 | +€17,887 | +23.6% |
| Income taxes | 67/77 | €15,823 | €20,476 | +€4,653 | +29.4% |
| Profit (loss) for the period | 9904 | €60,037 | €73,271 | +€13,234 | +22.0% |
| Profit (loss) for the period to be appropriated | 9905 | €60,037 | €73,271 | +€13,234 | +22.0% |
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 14 October 2026 via checked.be.