KP Management: 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 Management
Largest movements
- Financial fixed assets -€1.2m
down €1.2m (-86.3%), from €1.4m to €188,105
- Tangible fixed assets +€959,896
up €959,896 (+910%), from €105,500 to €1.1m
- Receivables within one year +€196,688
up €196,688 (+208%), from €94,555 to €291,243
of which Other amounts receivable: +€172,488
- Cash -€62,169
down €62,169 (-32.5%), from €191,471 to €129,303
mainly Net result for the year (-€697,522) and Receivables within one year (-€196,688)
- Debts after one year +€729,547
up €729,547 (+841%), from €86,741 to €816,289
- Reserves -€697,522
down €697,522 (-50.4%), from €1.4m to €685,461
of which Distributable reserves: -€697,522
- Other debts -€177,034
down €177,034 (-87.6%), from €202,034 to €25,000
- Current portion of long-term debt +€44,812
up €44,812 (+119%), from €37,622 to €82,434
- Short-term financial debts +€20,203
new in 2025: €20,203
- Financial charges +€763,436
up €763,436 (+22,065%), from €3,460 to €766,896
of which Non-recurring financial charges: +€750,758
- Depreciation +€137,216
new in 2025: €137,216
- Gross operating margin +€34,785
up €34,785 (+18.2%), from €190,661 to €225,445
- Taxes -€27,488
down €27,488 (-59.0%), from €46,595 to €19,107
- Financial income +€4,265
up €4,265 (+8,530,560%), from €0 to €4,265
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 | €1,768,715 | €1,679,874 | -€88,842 | -5.0% |
| Fixed assets | 21/28 | €1,480,500 | €1,253,501 | -€226,999 | -15.3% |
| Tangible fixed assets | 22/27 | €105,500 | €1,065,396 | +€959,896 | +910% |
| Land and buildings | 22 | €105,500 | €1,065,396 | +€959,896 | +910% |
| Financial fixed assets | 28 | €1,375,000 | €188,105 | -€1.2m | -86.3% |
| Current assets | 29/58 | €288,215 | €426,372 | +€138,157 | +47.9% |
| Amounts receivable within one year | 40/41 | €94,555 | €291,243 | +€196,688 | +208% |
| Trade receivables | 40 | €12,100 | €36,300 | +€24,200 | +200% |
| Other amounts receivable | 41 | €82,455 | €254,943 | +€172,488 | +209% |
| Cash at bank and in hand | 54/58 | €191,471 | €129,303 | -€62,169 | -32.5% |
| Deferred charges and accrued income | 490/1 | €2,189 | €5,827 | +€3,638 | +166% |
| Total equity and liabilities | 10/49 | €1,768,715 | €1,679,874 | -€88,842 | -5.0% |
| Equity | 10/15 | €1,422,984 | €725,461 | -€697,522 | -49.0% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Reserves | 13 | €1,382,984 | €685,461 | -€697,522 | -50.4% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €1,382,984 | €685,461 | -€697,522 | -50.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €345,732 | €954,412 | +€608,680 | +176% |
| Amounts payable after more than one year | 17 | €86,741 | €816,289 | +€729,547 | +841% |
| Financial debts | 170/4 | €86,741 | €816,289 | +€729,547 | +841% |
| Amounts payable within one year | 42/48 | €257,847 | €138,124 | -€119,723 | -46.4% |
| Current portion of amounts payable after more than one year | 42 | €37,622 | €82,434 | +€44,812 | +119% |
| Financial debts | 43 | - | €20,203 | +€20,203 | |
| Other loans | 439 | - | €20,203 | +€20,203 | |
| Trade debts | 44 | €10,000 | €1,842 | -€8,158 | -81.6% |
| Suppliers | 440/4 | €10,000 | €1,842 | -€8,158 | -81.6% |
| Taxes, remuneration and social security | 45 | €8,192 | €8,645 | +€453 | +5.5% |
| Taxes | 450/3 | €8,192 | €8,645 | +€453 | +5.5% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €202,034 | €25,000 | -€177,034 | -87.6% |
| Accrued charges and deferred income | 492/3 | €1,144 | €0 | -€1,144 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €137,216 | +€137,216 | |
| Other operating charges | 640/8 | €1,258 | €4,014 | +€2,756 | +219% |
| Gross operating margin | 9900 | €190,661 | €225,445 | +€34,785 | +18.2% |
| Operating profit (loss) | 9901 | €189,403 | €84,215 | -€105,188 | -55.5% |
| Financial income | 75/76B | €0 | €4,265 | +€4,265 | +8,530,560% |
| Recurring financial income | 75 | €0 | €4,265 | +€4,265 | +8,530,560% |
| Financial charges | 65/66B | €3,460 | €766,896 | +€763,436 | +22,065% |
| Recurring financial charges | 65 | €3,460 | €16,138 | +€12,678 | +366% |
| Non-recurring financial charges | 66B | - | €750,758 | +€750,758 | |
| Profit (loss) for the period before taxes | 9903 | €185,943 | -€678,415 | -€864,358 | |
| Income taxes | 67/77 | €46,595 | €19,107 | -€27,488 | -59.0% |
| Profit (loss) for the period | 9904 | €139,348 | -€697,522 | -€836,870 | |
| Profit (loss) for the period to be appropriated | 9905 | €139,348 | -€697,522 | -€836,870 |
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 17 October 2026 via checked.be.