KND FINANCE: 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 FINANCE
Largest movements
- Tangible fixed assets +€280,431
up €280,431 (+24.8%), from €1.1m to €1.4m
of which Land and buildings: +€306,284
- Receivables within one year -€32,904
down €32,904 (-46.9%), from €70,155 to €37,250
of which Other amounts receivable: -€32,735
- Debts after one year +€214,006
up €214,006 (+21.2%), from €1.0m to €1.2m
- Current portion of long-term debt +€17,619
up €17,619 (+28.4%), from €62,126 to €79,745
- Gross operating margin +€50,757
up €50,757 (+33.2%), from €152,705 to €203,462
- Depreciation +€18,768
up €18,768 (+16.9%), from €111,123 to €129,891
- Financial charges +€15,716
up €15,716 (+51.3%), from €30,664 to €46,380
- Other operating charges +€4,718
up €4,718 (+74.3%), from €6,348 to €11,066
- Taxes +€2,715
up €2,715 (+222%), from €1,225 to €3,940
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 | €1,215,811 | €1,457,557 | +€241,746 | +19.9% |
| Fixed assets | 21/28 | €1,131,368 | €1,411,799 | +€280,431 | +24.8% |
| Tangible fixed assets | 22/27 | €1,131,368 | €1,411,799 | +€280,431 | +24.8% |
| Land and buildings | 22 | €1,063,392 | €1,369,676 | +€306,284 | +28.8% |
| Furniture and vehicles | 24 | €67,976 | €42,123 | -€25,853 | -38.0% |
| Current assets | 29/58 | €84,443 | €45,758 | -€38,685 | -45.8% |
| Amounts receivable within one year | 40/41 | €70,155 | €37,250 | -€32,904 | -46.9% |
| Trade receivables | 40 | €10,865 | €10,695 | -€170 | -1.6% |
| Other amounts receivable | 41 | €59,290 | €26,555 | -€32,735 | -55.2% |
| Cash at bank and in hand | 54/58 | €6,964 | €7,771 | +€807 | +11.6% |
| Deferred charges and accrued income | 490/1 | €7,324 | €736 | -€6,588 | -89.9% |
| Total equity and liabilities | 10/49 | €1,215,811 | €1,457,557 | +€241,746 | +19.9% |
| Equity | 10/15 | €45,489 | €58,262 | +€12,774 | +28.1% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €43,489 | €56,262 | +€12,774 | +29.4% |
| Distributable reserves | 133 | €43,489 | €56,262 | +€12,774 | +29.4% |
| Amounts payable | 17/49 | €1,170,323 | €1,399,295 | +€228,972 | +19.6% |
| Amounts payable after more than one year | 17 | €1,007,831 | €1,221,838 | +€214,006 | +21.2% |
| Financial debts | 170/4 | €1,007,831 | €1,221,838 | +€214,006 | +21.2% |
| Amounts payable within one year | 42/48 | €159,417 | €175,573 | +€16,156 | +10.1% |
| Current portion of amounts payable after more than one year | 42 | €62,126 | €79,745 | +€17,619 | +28.4% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €5,230 | €2,285 | -€2,945 | -56.3% |
| Suppliers | 440/4 | €5,230 | €2,285 | -€2,945 | -56.3% |
| Taxes, remuneration and social security | 45 | €3,839 | €4,450 | +€612 | +15.9% |
| Taxes | 450/3 | €3,839 | €4,450 | +€612 | +15.9% |
| Other amounts payable | 47/48 | €88,223 | €89,093 | +€871 | +1.0% |
| Accrued charges and deferred income | 492/3 | €3,075 | €1,884 | -€1,190 | -38.7% |
| Non-recurring operating income | 76A | - | €919 | +€919 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €111,123 | €129,891 | +€18,768 | +16.9% |
| Other operating charges | 640/8 | €6,348 | €11,066 | +€4,718 | +74.3% |
| Non-recurring operating charges | 66A | €30 | €0 | -€30 | -100% |
| Gross operating margin | 9900 | €152,705 | €203,462 | +€50,757 | +33.2% |
| Operating profit (loss) | 9901 | €35,204 | €62,505 | +€27,301 | +77.6% |
| Financial income | 75/76B | €1,058 | €588 | -€470 | -44.4% |
| Recurring financial income | 75 | €1,058 | €588 | -€470 | -44.4% |
| Financial charges | 65/66B | €30,664 | €46,380 | +€15,716 | +51.3% |
| Recurring financial charges | 65 | €30,664 | €46,380 | +€15,716 | +51.3% |
| Profit (loss) for the period before taxes | 9903 | €5,597 | €16,713 | +€11,116 | +199% |
| Income taxes | 67/77 | €1,225 | €3,940 | +€2,715 | +222% |
| Profit (loss) for the period | 9904 | €4,372 | €12,774 | +€8,401 | +192% |
| Profit (loss) for the period to be appropriated | 9905 | €4,372 | €12,774 | +€8,401 | +192% |
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 25 October 2026 via checked.be.