KP DECO: 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.
KP DECO
Largest movements
- Receivables within one year -€40,809
down €40,809 (-45.2%), from €90,198 to €49,389
of which Trade receivables: -€32,045
- Deferred charges and accrued income +€23,810
up €23,810 (+5,230%), from €455 to €24,266
- Cash +€18,316
up €18,316 (+52.0%), from €35,195 to €53,512
mainly Other debts (+€67,236) and Receivables within one year (+€40,809)
- Tangible fixed assets +€4,107
up €4,107 (+23.7%), from €17,349 to €21,456
of which Furniture and vehicles: +€6,664
- Other debts +€67,236
up €67,236 (+345%), from €19,464 to €86,700
- Reserves -€46,396
down €46,396 (-28.2%), from €164,707 to €118,311
of which Distributable reserves: -€46,396
- Current portion of long-term debt -€20,282
down €20,282 (-69.6%), from €29,140 to €8,858
- Debts after one year -€8,858
down €8,858 (-44.6%), from €19,843 to €10,985
- Short-term financial debts +€8,820
new in 2025: €8,820
- Staff costs +€9,585
up €9,585 (+155%), from €6,189 to €15,775
- Gross operating margin -€7,969
down €7,969 (-8.9%), from €89,522 to €81,554
- Taxes -€7,428
down €7,428 (-28.9%), from €25,731 to €18,304
- Financial charges +€3,424
up €3,424 (+113%), from €3,031 to €6,456
- Depreciation +€2,386
up €2,386 (+38.6%), from €6,184 to €8,570
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 | €260,237 | €264,202 | +€3,965 | +1.5% |
| Fixed assets | 21/28 | €21,418 | €24,066 | +€2,647 | +12.4% |
| Intangible fixed assets | 21 | €3,994 | €2,534 | -€1,460 | -36.6% |
| Tangible fixed assets | 22/27 | €17,349 | €21,456 | +€4,107 | +23.7% |
| Plant, machinery and equipment | 23 | €16,968 | €14,412 | -€2,557 | -15.1% |
| Furniture and vehicles | 24 | €381 | €7,045 | +€6,664 | +1,750% |
| Financial fixed assets | 28 | €75 | €75 | = | 0.0% |
| Current assets | 29/58 | €238,819 | €240,137 | +€1,318 | +0.6% |
| Amounts receivable after more than one year | 29 | €112,970 | €112,970 | = | 0.0% |
| Other amounts receivable | 291 | €112,970 | €112,970 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €90,198 | €49,389 | -€40,809 | -45.2% |
| Trade receivables | 40 | €52,397 | €20,352 | -€32,045 | -61.2% |
| Other amounts receivable | 41 | €37,801 | €29,037 | -€8,763 | -23.2% |
| Cash at bank and in hand | 54/58 | €35,195 | €53,512 | +€18,316 | +52.0% |
| Deferred charges and accrued income | 490/1 | €455 | €24,266 | +€23,810 | +5,230% |
| Total equity and liabilities | 10/49 | €260,237 | €264,202 | +€3,965 | +1.5% |
| Equity | 10/15 | €177,107 | €130,711 | -€46,396 | -26.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €164,707 | €118,311 | -€46,396 | -28.2% |
| Tax-exempt reserves | 132 | €14,842 | €14,842 | = | 0.0% |
| Distributable reserves | 133 | €149,865 | €103,469 | -€46,396 | -31.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €83,130 | €133,492 | +€50,362 | +60.6% |
| Amounts payable after more than one year | 17 | €19,843 | €10,985 | -€8,858 | -44.6% |
| Financial debts | 170/4 | €19,843 | €10,985 | -€8,858 | -44.6% |
| Amounts payable within one year | 42/48 | €63,287 | €122,506 | +€59,219 | +93.6% |
| Current portion of amounts payable after more than one year | 42 | €29,140 | €8,858 | -€20,282 | -69.6% |
| Financial debts | 43 | - | €8,820 | +€8,820 | |
| Other loans | 439 | - | €8,820 | +€8,820 | |
| Trade debts | 44 | €5,941 | €9,710 | +€3,769 | +63.4% |
| Suppliers | 440/4 | €5,941 | €9,710 | +€3,769 | +63.4% |
| Advances received on contracts in progress | 46 | €3,011 | €350 | -€2,661 | -88.4% |
| Taxes, remuneration and social security | 45 | €5,731 | €8,069 | +€2,338 | +40.8% |
| Taxes | 450/3 | €5,731 | €3,304 | -€2,428 | -42.4% |
| Remuneration and social security | 454/9 | €0 | €4,765 | +€4,765 | |
| Other amounts payable | 47/48 | €19,464 | €86,700 | +€67,236 | +345% |
| Remuneration, social security and pensions | 62 | €6,189 | €15,775 | +€9,585 | +155% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,184 | €8,570 | +€2,386 | +38.6% |
| Other operating charges | 640/8 | €587 | €825 | +€239 | +40.7% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €89,522 | €81,554 | -€7,969 | -8.9% |
| Operating profit (loss) | 9901 | €76,563 | €56,384 | -€20,179 | -26.4% |
| Financial income | 75/76B | €8,413 | €8,679 | +€266 | +3.2% |
| Recurring financial income | 75 | €8,413 | €8,679 | +€266 | +3.2% |
| Financial charges | 65/66B | €3,031 | €6,456 | +€3,424 | +113% |
| Recurring financial charges | 65 | €3,031 | €6,456 | +€3,424 | +113% |
| Profit (loss) for the period before taxes | 9903 | €81,944 | €58,607 | -€23,337 | -28.5% |
| Income taxes | 67/77 | €25,731 | €18,304 | -€7,428 | -28.9% |
| Profit (loss) for the period | 9904 | €56,213 | €40,304 | -€15,909 | -28.3% |
| Profit (loss) for the period to be appropriated | 9905 | €56,213 | €40,304 | -€15,909 | -28.3% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.