KT Labeling: 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 Labeling
Largest movements
- Receivables within one year -€20,553
down €20,553 (-49.9%), from €41,176 to €20,623
of which Trade receivables: -€15,688
- Cash -€13,142
down €13,142 (-24.4%), from €53,823 to €40,681
mainly Contributions, distributions and other (-€15,793) and Trade debts (-€8,514)
- Reserves -€15,793
down €15,793 (-26.7%), from €59,040 to €43,247
- Trade debts -€8,514
down €8,514 (-37.6%), from €22,622 to €14,108
- Tax, wage and social debts -€5,134
down €5,134 (-22.3%), from €23,027 to €17,894
of which Taxes: -€5,459
- Profit (loss) carried forward -€5,002
new in 2025: -€5,002
- Gross operating margin -€10,506
down €10,506 (-12.5%), from €83,744 to €73,238
- Taxes -€3,182
no longer reported in 2025 (was €3,182)
- Staff costs +€2,503
up €2,503 (+3.4%), from €74,331 to €76,834
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 | €117,089 | €82,646 | -€34,443 | -29.4% |
| Fixed assets | 21/28 | €648 | €201 | -€447 | -69.0% |
| Tangible fixed assets | 22/27 | €648 | €201 | -€447 | -69.0% |
| Furniture and vehicles | 24 | €648 | €201 | -€447 | -69.0% |
| Current assets | 29/58 | €116,441 | €82,445 | -€33,996 | -29.2% |
| Stocks and contracts in progress | 3 | €21,442 | €21,142 | -€301 | -1.4% |
| Stocks | 30/36 | €21,442 | €21,142 | -€301 | -1.4% |
| Amounts receivable within one year | 40/41 | €41,176 | €20,623 | -€20,553 | -49.9% |
| Trade receivables | 40 | €34,588 | €18,900 | -€15,688 | -45.4% |
| Other amounts receivable | 41 | €6,588 | €1,723 | -€4,864 | -73.8% |
| Cash at bank and in hand | 54/58 | €53,823 | €40,681 | -€13,142 | -24.4% |
| Total equity and liabilities | 10/49 | €117,089 | €82,646 | -€34,443 | -29.4% |
| Equity | 10/15 | €71,440 | €50,645 | -€20,795 | -29.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €59,040 | €43,247 | -€15,793 | -26.7% |
| Distributable reserves | 133 | €59,040 | €43,247 | -€15,793 | -26.7% |
| Profit (loss) carried forward | 14 | - | -€5,002 | -€5,002 | |
| Amounts payable | 17/49 | €45,649 | €32,001 | -€13,648 | -29.9% |
| Amounts payable within one year | 42/48 | €45,649 | €32,001 | -€13,648 | -29.9% |
| Trade debts | 44 | €22,622 | €14,108 | -€8,514 | -37.6% |
| Suppliers | 440/4 | €22,622 | €14,108 | -€8,514 | -37.6% |
| Taxes, remuneration and social security | 45 | €23,027 | €17,894 | -€5,134 | -22.3% |
| Taxes | 450/3 | €13,926 | €8,467 | -€5,459 | -39.2% |
| Remuneration and social security | 454/9 | €9,101 | €9,427 | +€326 | +3.6% |
| Remuneration, social security and pensions | 62 | €74,331 | €76,834 | +€2,503 | +3.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €638 | €447 | -€191 | -29.9% |
| Other operating charges | 640/8 | €879 | €947 | +€67 | +7.7% |
| Gross operating margin | 9900 | €83,744 | €73,238 | -€10,506 | -12.5% |
| Operating profit (loss) | 9901 | €7,896 | -€4,990 | -€12,886 | |
| Financial income | 75/76B | €68 | €36 | -€32 | -47.1% |
| Recurring financial income | 75 | €68 | €36 | -€32 | -47.1% |
| Financial charges | 65/66B | €43 | €48 | +€5 | +10.9% |
| Recurring financial charges | 65 | €43 | €48 | +€5 | +10.9% |
| Profit (loss) for the period before taxes | 9903 | €7,921 | -€5,002 | -€12,922 | |
| Income taxes | 67/77 | €3,182 | - | -€3,182 | |
| Profit (loss) for the period | 9904 | €4,738 | -€5,002 | -€9,740 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,738 | -€5,002 | -€9,740 |
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 10 October 2026 via checked.be.