KT: 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.
KT
Largest movements
- Receivables within one year +€64,994
up €64,994 (+519.1%), from €12,520 to €77,514
of which Other amounts receivable: +€40,833
- Tangible fixed assets -€45,781
down €45,781 (-6.9%), from €659,347 to €613,566
of which Furniture and vehicles: -€57,811
- Other debts +€84,204
up €84,204 (+280.7%), from €30,000 to €114,204
- Reserves -€67,547
down €67,547 (-39.5%), from €170,833 to €103,285
- Short-term financial debts +€28,785
up €28,785 (+124.0%), from €23,215 to €52,000
of which Credit institutions: +€28,785
- Debts after one year -€15,720
down €15,720 (-4.3%), from €364,164 to €348,444
- Accrued charges and deferred income -€12,886
down €12,886 (-48.9%), from €26,342 to €13,456
- Gross operating margin +€43,464
up €43,464 (+44.6%), from €97,428 to €140,892
- Financial charges +€7,722
up €7,722 (+95.4%), from €8,091 to €15,813
- Taxes +€6,320
up €6,320 (+222.2%), from €2,844 to €9,163
- Other operating charges +€2,206
up €2,206 (+41.1%), from €5,368 to €7,574
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 | €675,467 | €696,519 | +€21,052 | +3.1% |
| Fixed assets | 21/28 | €662,947 | €617,166 | -€45,781 | -6.9% |
| Tangible fixed assets | 22/27 | €659,347 | €613,566 | -€45,781 | -6.9% |
| Land and buildings | 22 | €583,306 | €596,602 | +€13,296 | +2.3% |
| Plant, machinery and equipment | 23 | €3,548 | €2,282 | -€1,266 | -35.7% |
| Furniture and vehicles | 24 | €72,494 | €14,683 | -€57,811 | -79.7% |
| Financial fixed assets | 28 | €3,600 | €3,600 | = | 0.0% |
| Current assets | 29/58 | €12,520 | €79,353 | +€66,832 | +533.8% |
| Amounts receivable within one year | 40/41 | €12,520 | €77,514 | +€64,994 | +519.1% |
| Trade receivables | 40 | €7,394 | €31,555 | +€24,161 | +326.8% |
| Other amounts receivable | 41 | €5,127 | €45,960 | +€40,833 | +796.5% |
| Cash at bank and in hand | 54/58 | €0 | €1,838 | +€1,838 | |
| Total equity and liabilities | 10/49 | €675,467 | €696,519 | +€21,052 | +3.1% |
| Equity | 10/15 | €173,833 | €106,285 | -€67,547 | -38.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €170,833 | €103,285 | -€67,547 | -39.5% |
| Distributable reserves | 133 | €170,833 | €103,285 | -€67,547 | -39.5% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €501,635 | €590,234 | +€88,599 | +17.7% |
| Amounts payable after more than one year | 17 | €364,164 | €348,444 | -€15,720 | -4.3% |
| Financial debts | 170/4 | €364,164 | €348,444 | -€15,720 | -4.3% |
| Amounts payable within one year | 42/48 | €111,129 | €228,334 | +€117,205 | +105.5% |
| Current portion of amounts payable after more than one year | 42 | €15,118 | €15,720 | +€602 | +4.0% |
| Financial debts | 43 | €23,215 | €52,000 | +€28,785 | +124.0% |
| Credit institutions | 430/8 | €23,215 | €52,000 | +€28,785 | +124.0% |
| Other loans | 439 | €0 | - | = | |
| Trade debts | 44 | €13,079 | €6,225 | -€6,854 | -52.4% |
| Suppliers | 440/4 | €13,079 | €6,225 | -€6,854 | -52.4% |
| Taxes, remuneration and social security | 45 | €29,717 | €40,184 | +€10,467 | +35.2% |
| Taxes | 450/3 | €21,720 | €40,184 | +€18,465 | +85.0% |
| Remuneration and social security | 454/9 | €7,998 | €0 | -€7,998 | -100.0% |
| Other amounts payable | 47/48 | €30,000 | €114,204 | +€84,204 | +280.7% |
| Accrued charges and deferred income | 492/3 | €26,342 | €13,456 | -€12,886 | -48.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €76,524 | €77,258 | +€734 | +1.0% |
| Other operating charges | 640/8 | €5,368 | €7,574 | +€2,206 | +41.1% |
| Gross operating margin | 9900 | €97,428 | €140,892 | +€43,464 | +44.6% |
| Operating profit (loss) | 9901 | €15,537 | €56,060 | +€40,523 | +260.8% |
| Financial income | 75/76B | €370 | €433 | +€63 | +17.0% |
| Recurring financial income | 75 | €370 | €433 | +€63 | +17.0% |
| Financial charges | 65/66B | €8,091 | €15,813 | +€7,722 | +95.4% |
| Recurring financial charges | 65 | €8,091 | €15,813 | +€7,722 | +95.4% |
| Profit (loss) for the period before taxes | 9903 | €7,816 | €40,680 | +€32,864 | +420.5% |
| Income taxes | 67/77 | €2,844 | €9,163 | +€6,320 | +222.2% |
| Profit (loss) for the period | 9904 | €4,972 | €31,516 | +€26,544 | +533.9% |
| Profit (loss) for the period to be appropriated | 9905 | €4,972 | €31,516 | +€26,544 | +533.9% |
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 30 September 2026 via checked.be.