KP&GP: 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&GP
Largest movements
- Tangible fixed assets -€2,306
down €2,306 (-7.4%), from €31,187 to €28,881
of which Land and buildings: -€4,391
- Profit (loss) carried forward +€15,246
up €15,246 (+28.3%), from -€53,933 to -€38,687
- Debts after one year -€14,595
down €14,595 (-50.1%), from €29,109 to €14,514
- Current portion of long-term debt +€5,056
up €5,056 (+36.8%), from €13,755 to €18,811
- Accrued charges and deferred income -€3,811
no longer reported in 2025 (was €3,811)
- Other debts -€3,246
down €3,246 (-83.5%), from €3,887 to €641
- Staff costs -€7,865
down €7,865 (-100%), from €7,865 to €0
- Depreciation -€7,110
down €7,110 (-39.9%), from €17,814 to €10,704
- Gross operating margin -€6,299
down €6,299 (-16.9%), from €37,288 to €30,990
- Other operating charges +€582
up €582 (+38.4%), from €1,517 to €2,099
- Financial charges -€561
down €561 (-16.0%), from €3,502 to €2,941
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 | €38,959 | €36,536 | -€2,422 | -6.2% |
| Formation expenses | 20 | €1,334 | €1,334 | = | 0.0% |
| Fixed assets | 21/28 | €31,187 | €28,881 | -€2,306 | -7.4% |
| Tangible fixed assets | 22/27 | €31,187 | €28,881 | -€2,306 | -7.4% |
| Land and buildings | 22 | €28,971 | €24,580 | -€4,391 | -15.2% |
| Plant, machinery and equipment | 23 | €1,519 | €2,916 | +€1,397 | +92.0% |
| Furniture and vehicles | 24 | €698 | €1,386 | +€688 | +98.6% |
| Current assets | 29/58 | €6,438 | €6,321 | -€116 | -1.8% |
| Stocks and contracts in progress | 3 | €4,180 | €4,140 | -€40 | -1.0% |
| Stocks | 30/36 | €4,180 | €4,140 | -€40 | -1.0% |
| Amounts receivable within one year | 40/41 | €579 | €487 | -€92 | -15.9% |
| Trade receivables | 40 | €557 | €487 | -€70 | -12.5% |
| Other amounts receivable | 41 | €22 | €0 | -€22 | -100% |
| Cash at bank and in hand | 54/58 | €1,679 | €1,694 | +€16 | +0.9% |
| Total equity and liabilities | 10/49 | €38,959 | €36,536 | -€2,422 | -6.2% |
| Equity | 10/15 | -€15,233 | €13 | +€15,246 | |
| Contributions | 10/11 | €38,700 | €38,700 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€53,933 | -€38,687 | +€15,246 | +28.3% |
| Amounts payable | 17/49 | €54,192 | €36,524 | -€17,669 | -32.6% |
| Amounts payable after more than one year | 17 | €29,109 | €14,514 | -€14,595 | -50.1% |
| Financial debts | 170/4 | €29,109 | €14,514 | -€14,595 | -50.1% |
| Amounts payable within one year | 42/48 | €21,273 | €22,010 | +€737 | +3.5% |
| Current portion of amounts payable after more than one year | 42 | €13,755 | €18,811 | +€5,056 | +36.8% |
| Trade debts | 44 | €1,894 | €1,094 | -€800 | -42.3% |
| Suppliers | 440/4 | €1,894 | €1,094 | -€800 | -42.3% |
| Taxes, remuneration and social security | 45 | €1,737 | €1,463 | -€273 | -15.7% |
| Taxes | 450/3 | €1,433 | €1,159 | -€273 | -19.1% |
| Remuneration and social security | 454/9 | €304 | €304 | +€0 | +0.1% |
| Other amounts payable | 47/48 | €3,887 | €641 | -€3,246 | -83.5% |
| Accrued charges and deferred income | 492/3 | €3,811 | - | -€3,811 | |
| Non-recurring operating income | 76A | - | €450 | +€450 | |
| Remuneration, social security and pensions | 62 | €7,865 | €0 | -€7,865 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,814 | €10,704 | -€7,110 | -39.9% |
| Other operating charges | 640/8 | €1,517 | €2,099 | +€582 | +38.4% |
| Gross operating margin | 9900 | €37,288 | €30,990 | -€6,299 | -16.9% |
| Operating profit (loss) | 9901 | €10,093 | €18,187 | +€8,094 | +80.2% |
| Financial income | 75/76B | €20 | €0 | -€20 | -100% |
| Recurring financial income | 75 | €20 | €0 | -€20 | -100% |
| Financial charges | 65/66B | €3,502 | €2,941 | -€561 | -16.0% |
| Recurring financial charges | 65 | €3,502 | €2,941 | -€561 | -16.0% |
| Profit (loss) for the period before taxes | 9903 | €6,611 | €15,246 | +€8,635 | +131% |
| Profit (loss) for the period | 9904 | €6,611 | €15,246 | +€8,635 | +131% |
| Profit (loss) for the period to be appropriated | 9905 | €6,611 | €15,246 | +€8,635 | +131% |
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 20 October 2026 via checked.be.