KND & Co: 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 & Co
Largest movements
- Receivables after one year -€121,000
down €121,000 (-100%), from €121,000 to €0
- Receivables within one year -€76,665
down €76,665 (-46.2%), from €166,043 to €89,378
of which Other amounts receivable: -€44,362
- Deferred charges and accrued income +€30,929
up €30,929 (+954%), from €3,242 to €34,170
- Tangible fixed assets +€26,179
up €26,179 (+298%), from €8,795 to €34,973
- Other debts -€137,295
down €137,295 (-54.4%), from €252,295 to €115,000
- Short-term financial debts +€20,000
up €20,000, from €0 to €20,000
- Trade debts -€15,467
down €15,467 (-64.1%), from €24,135 to €8,668
- Reserves -€14,812
down €14,812 (-13.7%), from €108,021 to €93,208
- Current portion of long-term debt +€8,689
new in 2025: €8,689
- Gross operating margin +€23,156
up €23,156 (+10.8%), from €214,869 to €238,025
- Taxes +€8,537
up €8,537 (+76.4%), from €11,173 to €19,711
- Depreciation +€4,178
up €4,178 (+163%), from €2,559 to €6,737
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 | €412,150 | €275,241 | -€136,908 | -33.2% |
| Fixed assets | 21/28 | €8,795 | €34,973 | +€26,179 | +298% |
| Tangible fixed assets | 22/27 | €8,795 | €34,973 | +€26,179 | +298% |
| Furniture and vehicles | 24 | €8,795 | €34,973 | +€26,179 | +298% |
| Current assets | 29/58 | €403,355 | €240,268 | -€163,087 | -40.4% |
| Amounts receivable after more than one year | 29 | €121,000 | €0 | -€121,000 | -100% |
| Other amounts receivable | 291 | €121,000 | €0 | -€121,000 | -100% |
| Amounts receivable within one year | 40/41 | €166,043 | €89,378 | -€76,665 | -46.2% |
| Trade receivables | 40 | €32,661 | €358 | -€32,303 | -98.9% |
| Other amounts receivable | 41 | €133,382 | €89,020 | -€44,362 | -33.3% |
| Cash at bank and in hand | 54/58 | €113,070 | €116,720 | +€3,650 | +3.2% |
| Deferred charges and accrued income | 490/1 | €3,242 | €34,170 | +€30,929 | +954% |
| Total equity and liabilities | 10/49 | €412,150 | €275,241 | -€136,908 | -33.2% |
| Equity | 10/15 | €111,021 | €96,208 | -€14,812 | -13.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €108,021 | €93,208 | -€14,812 | -13.7% |
| Distributable reserves | 133 | €108,021 | €93,208 | -€14,812 | -13.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €301,129 | €179,033 | -€122,096 | -40.5% |
| Amounts payable after more than one year | 17 | - | €8,240 | +€8,240 | |
| Financial debts | 170/4 | - | €8,240 | +€8,240 | |
| Amounts payable within one year | 42/48 | €293,861 | €170,793 | -€123,068 | -41.9% |
| Current portion of amounts payable after more than one year | 42 | - | €8,689 | +€8,689 | |
| Financial debts | 43 | €0 | €20,000 | +€20,000 | |
| Credit institutions | 430/8 | €0 | €20,000 | +€20,000 | |
| Trade debts | 44 | €24,135 | €8,668 | -€15,467 | -64.1% |
| Suppliers | 440/4 | €24,135 | €8,668 | -€15,467 | -64.1% |
| Taxes, remuneration and social security | 45 | €17,432 | €18,436 | +€1,005 | +5.8% |
| Taxes | 450/3 | €2,890 | €2,005 | -€885 | -30.6% |
| Remuneration and social security | 454/9 | €14,542 | €16,432 | +€1,890 | +13.0% |
| Other amounts payable | 47/48 | €252,295 | €115,000 | -€137,295 | -54.4% |
| Accrued charges and deferred income | 492/3 | €7,268 | €0 | -€7,268 | -100% |
| Remuneration, social security and pensions | 62 | €113,668 | €113,614 | -€54 | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,559 | €6,737 | +€4,178 | +163% |
| Other operating charges | 640/8 | €1,543 | €2,119 | +€575 | +37.3% |
| Non-recurring operating charges | 66A | €0 | €1,387 | +€1,387 | |
| Gross operating margin | 9900 | €214,869 | €238,025 | +€23,156 | +10.8% |
| Operating profit (loss) | 9901 | €97,099 | €114,169 | +€17,069 | +17.6% |
| Financial income | 75/76B | €7,759 | €6,121 | -€1,638 | -21.1% |
| Recurring financial income | 75 | €7,759 | €6,121 | -€1,638 | -21.1% |
| Financial charges | 65/66B | €1,374 | €391 | -€983 | -71.6% |
| Recurring financial charges | 65 | €1,374 | €391 | -€983 | -71.6% |
| Profit (loss) for the period before taxes | 9903 | €103,484 | €119,899 | +€16,415 | +15.9% |
| Income taxes | 67/77 | €11,173 | €19,711 | +€8,537 | +76.4% |
| Profit (loss) for the period | 9904 | €92,311 | €100,188 | +€7,877 | +8.5% |
| Profit (loss) for the period to be appropriated | 9905 | €92,311 | €100,188 | +€7,877 | +8.5% |
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 29 October 2026 via checked.be.