KP Concept: what changed
Two fiscal 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.
KP Concept
Largest movements
- Tangible fixed assets +€168,744
up €168,744 (+96.9%), from €174,107 to €342,851
of which Land and buildings: +€184,986
- Receivables within one year +€53,065
up €53,065 (+283.0%), from €18,752 to €71,817
of which Other amounts receivable: +€58,120
- Cash -€35,994
down €35,994 (-43.1%), from €83,590 to €47,596
mainly Investment in fixed assets (net) (-€205,273) and Receivables within one year (-€53,065)
- Debts after one year +€147,563
up €147,563 (+126.2%), from €116,923 to €264,486
- Profit (loss) carried forward +€25,730
up €25,730 (+25.9%), from €99,441 to €125,171
- Short-term financial debts +€15,000
new in 2025: €15,000
- Tax, wage and social debts -€10,986
down €10,986 (-30.9%), from €35,516 to €24,530
of which Taxes: -€11,008
- Current portion of long-term debt +€7,485
up €7,485 (+34.2%), from €21,877 to €29,362
- Other operating charges +€26,689
up €26,689 (+1775.9%), from €1,503 to €28,192
- Gross operating margin +€10,190
up €10,190 (+10.2%), from €100,363 to €110,554
- Financial charges +€8,150
up €8,150 (+141.4%), from €5,764 to €13,914
- Depreciation +€7,574
up €7,574 (+26.9%), from €28,135 to €35,709
- Taxes -€7,394
down €7,394 (-49.2%), from €15,029 to €7,635
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.
Cash bridge derived
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 | €279,716 | €464,468 | +€184,752 | +66.1% |
| Fixed assets | 21/28 | €174,200 | €343,764 | +€169,564 | +97.3% |
| Tangible fixed assets | 22/27 | €174,107 | €342,851 | +€168,744 | +96.9% |
| Land and buildings | 22 | €87,887 | €272,873 | +€184,986 | +210.5% |
| Plant, machinery and equipment | 23 | €4,090 | €3,108 | -€982 | -24.0% |
| Furniture and vehicles | 24 | €70,897 | €50,281 | -€20,616 | -29.1% |
| Other tangible fixed assets | 26 | €11,233 | €16,589 | +€5,356 | +47.7% |
| Financial fixed assets | 28 | €94 | €914 | +€820 | +876.9% |
| Current assets | 29/58 | €105,516 | €120,704 | +€15,188 | +14.4% |
| Amounts receivable within one year | 40/41 | €18,752 | €71,817 | +€53,065 | +283.0% |
| Trade receivables | 40 | €17,670 | €12,615 | -€5,055 | -28.6% |
| Other amounts receivable | 41 | €1,081 | €59,201 | +€58,120 | +5375.4% |
| Cash at bank and in hand | 54/58 | €83,590 | €47,596 | -€35,994 | -43.1% |
| Deferred charges and accrued income | 490/1 | €3,174 | €1,291 | -€1,883 | -59.3% |
| Total equity and liabilities | 10/49 | €279,716 | €464,468 | +€184,752 | +66.1% |
| Equity | 10/15 | €104,941 | €130,671 | +€25,730 | +24.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Capital | 10 | €5,000 | €5,000 | = | 0.0% |
| Issued capital | 100 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €500 | €500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €500 | €500 | = | 0.0% |
| Legal reserve | 130 | €500 | €500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €99,441 | €125,171 | +€25,730 | +25.9% |
| Amounts payable | 17/49 | €174,775 | €333,797 | +€159,023 | +91.0% |
| Amounts payable after more than one year | 17 | €116,923 | €264,486 | +€147,563 | +126.2% |
| Financial debts | 170/4 | €116,923 | €264,486 | +€147,563 | +126.2% |
| Amounts payable within one year | 42/48 | €57,599 | €69,312 | +€11,713 | +20.3% |
| Current portion of amounts payable after more than one year | 42 | €21,877 | €29,362 | +€7,485 | +34.2% |
| Financial debts | 43 | - | €15,000 | +€15,000 | |
| Credit institutions | 430/8 | - | €15,000 | +€15,000 | |
| Trade debts | 44 | €206 | €419 | +€213 | +103.5% |
| Suppliers | 440/4 | €206 | €419 | +€213 | +103.5% |
| Taxes, remuneration and social security | 45 | €35,516 | €24,530 | -€10,986 | -30.9% |
| Taxes | 450/3 | €32,597 | €21,589 | -€11,008 | -33.8% |
| Remuneration and social security | 454/9 | €2,919 | €2,941 | +€22 | +0.8% |
| Accrued charges and deferred income | 492/3 | €253 | - | -€253 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,135 | €35,709 | +€7,574 | +26.9% |
| Other operating charges | 640/8 | €1,503 | €28,192 | +€26,689 | +1775.9% |
| Gross operating margin | 9900 | €100,363 | €110,554 | +€10,190 | +10.2% |
| Operating profit (loss) | 9901 | €70,725 | €46,653 | -€24,072 | -34.0% |
| Financial income | 75/76B | €166 | €626 | +€460 | +277.9% |
| Recurring financial income | 75 | €166 | €626 | +€460 | +277.9% |
| Financial charges | 65/66B | €5,764 | €13,914 | +€8,150 | +141.4% |
| Recurring financial charges | 65 | €5,764 | €13,914 | +€8,150 | +141.4% |
| Profit (loss) for the period before taxes | 9903 | €65,127 | €33,365 | -€31,762 | -48.8% |
| Income taxes | 67/77 | €15,029 | €7,635 | -€7,394 | -49.2% |
| Profit (loss) for the period | 9904 | €50,098 | €25,730 | -€24,368 | -48.6% |
| Profit (loss) for the period to be appropriated | 9905 | €50,098 | €25,730 | -€24,368 | -48.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.