KT ConnectHR: 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.
KT ConnectHR
Largest movements
- Cash -€22,755
down €22,755 (-85.4%), from €26,640 to €3,884
mainly Debts after one year (-€17,072) and Contributions, distributions and other (-€15,576)
- Deferred charges and accrued income +€9,388
up €9,388 (+105%), from €8,917 to €18,305
- Receivables within one year -€5,716
down €5,716 (-13.1%), from €43,643 to €37,927
of which Trade receivables: -€5,716
- Tangible fixed assets -€3,928
down €3,928 (-1.5%), from €270,038 to €266,111
of which Furniture and vehicles: -€2,313
- Debts after one year -€17,072
down €17,072 (-9.0%), from €188,957 to €171,886
- Reserves -€15,576
down €15,576 (-11.2%), from €138,547 to €122,971
- Other debts +€7,098
up €7,098 (+881%), from €806 to €7,904
- Profit (loss) carried forward -€6,712
down €6,712 (-99.6%), from -€6,738 to -€13,450
- Tax, wage and social debts +€4,615
up €4,615 (+97.0%), from €4,759 to €9,375
of which Remuneration and social security: +€2,744
- Other operating charges +€1,163
up €1,163 (+147%), from €791 to €1,954
- Financial charges -€1,089
down €1,089 (-13.4%), from €8,107 to €7,018
- Gross operating margin +€499
up €499 (+4.1%), from €12,143 to €12,641
- Depreciation +€315
up €315 (+3.2%), from €9,900 to €10,215
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 | €349,238 | €326,227 | -€23,011 | -6.6% |
| Fixed assets | 21/28 | €270,038 | €266,111 | -€3,928 | -1.5% |
| Tangible fixed assets | 22/27 | €270,038 | €266,111 | -€3,928 | -1.5% |
| Land and buildings | 22 | €259,926 | €258,311 | -€1,615 | -0.6% |
| Furniture and vehicles | 24 | €10,112 | €7,800 | -€2,313 | -22.9% |
| Current assets | 29/58 | €79,200 | €60,116 | -€19,084 | -24.1% |
| Amounts receivable within one year | 40/41 | €43,643 | €37,927 | -€5,716 | -13.1% |
| Trade receivables | 40 | €14,972 | €9,257 | -€5,716 | -38.2% |
| Other amounts receivable | 41 | €28,671 | €28,670 | -€0 | 0.0% |
| Cash at bank and in hand | 54/58 | €26,640 | €3,884 | -€22,755 | -85.4% |
| Deferred charges and accrued income | 490/1 | €8,917 | €18,305 | +€9,388 | +105% |
| Total equity and liabilities | 10/49 | €349,238 | €326,227 | -€23,011 | -6.6% |
| Equity | 10/15 | €133,809 | €111,522 | -€22,288 | -16.7% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €138,547 | €122,971 | -€15,576 | -11.2% |
| Distributable reserves | 133 | €138,547 | €122,971 | -€15,576 | -11.2% |
| Profit (loss) carried forward | 14 | -€6,738 | -€13,450 | -€6,712 | -99.6% |
| Amounts payable | 17/49 | €215,429 | €214,705 | -€724 | -0.3% |
| Amounts payable after more than one year | 17 | €188,957 | €171,886 | -€17,072 | -9.0% |
| Financial debts | 170/4 | €188,957 | €171,886 | -€17,072 | -9.0% |
| Amounts payable within one year | 42/48 | €26,471 | €42,819 | +€16,348 | +61.8% |
| Current portion of amounts payable after more than one year | 42 | €16,552 | €17,072 | +€519 | +3.1% |
| Financial debts | 43 | €355 | €12 | -€343 | -96.7% |
| Credit institutions | 430/8 | €355 | €12 | -€343 | -96.7% |
| Trade debts | 44 | €3,999 | €8,457 | +€4,458 | +111% |
| Suppliers | 440/4 | €3,999 | €8,457 | +€4,458 | +111% |
| Taxes, remuneration and social security | 45 | €4,759 | €9,375 | +€4,615 | +97.0% |
| Taxes | 450/3 | €4,759 | €6,631 | +€1,872 | +39.3% |
| Remuneration and social security | 454/9 | - | €2,744 | +€2,744 | |
| Other amounts payable | 47/48 | €806 | €7,904 | +€7,098 | +881% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,900 | €10,215 | +€315 | +3.2% |
| Other operating charges | 640/8 | €791 | €1,954 | +€1,163 | +147% |
| Gross operating margin | 9900 | €12,143 | €12,641 | +€499 | +4.1% |
| Operating profit (loss) | 9901 | €1,452 | €472 | -€980 | -67.5% |
| Financial income | 75/76B | €95 | €0 | -€95 | -100.0% |
| Recurring financial income | 75 | €95 | €0 | -€95 | -100.0% |
| Financial charges | 65/66B | €8,107 | €7,018 | -€1,089 | -13.4% |
| Recurring financial charges | 65 | €8,107 | €7,018 | -€1,089 | -13.4% |
| Profit (loss) for the period before taxes | 9903 | -€6,560 | -€6,546 | +€15 | +0.2% |
| Income taxes | 67/77 | €178 | €166 | -€12 | -6.5% |
| Profit (loss) for the period | 9904 | -€6,738 | -€6,712 | +€26 | +0.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,738 | -€6,712 | +€26 | +0.4% |
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 28 October 2026 via checked.be.