KT TRADING: 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 TRADING
Largest movements
- Receivables within one year -€5,000
down €5,000 (-58.8%), from €8,500 to €3,500
- Cash +€1,930
up €1,930 (+1.4%), from €141,553 to €143,483
mainly Net result for the year (+€8,765) and Receivables within one year (+€5,000)
- Debts after one year -€17,012
down €17,012 (-41.5%), from €41,020 to €24,008
of which Financial debts: -€17,012
- Reserves +€8,765
up €8,765 (+9.2%), from €95,564 to €104,329
of which Distributable reserves: +€8,765
- Tax, wage and social debts +€4,519
new in 2025: €4,519
- Depreciation -€6,459
no longer reported in 2025 (was €6,459)
- Gross operating margin +€5,963
up €5,963 (+50.5%), from €11,800 to €17,763
- Taxes +€4,519
new in 2025: €4,519
- Other operating charges -€1,614
down €1,614 (-40.8%), from €3,954 to €2,340
- Financial charges -€593
down €593 (-21.7%), from €2,732 to €2,139
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 | €150,053 | €146,983 | -€3,070 | -2.0% |
| Current assets | 29/58 | €150,053 | €146,983 | -€3,070 | -2.0% |
| Amounts receivable within one year | 40/41 | €8,500 | €3,500 | -€5,000 | -58.8% |
| Other amounts receivable | 41 | €8,500 | €3,500 | -€5,000 | -58.8% |
| Cash at bank and in hand | 54/58 | €141,553 | €143,483 | +€1,930 | +1.4% |
| Total equity and liabilities | 10/49 | €150,053 | €146,983 | -€3,070 | -2.0% |
| Equity | 10/15 | €89,680 | €98,445 | +€8,765 | +9.8% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Capital | 10 | €6,197 | - | -€6,197 | |
| Issued capital | 100 | €18,592 | - | -€18,592 | |
| Uncalled capital | 101 | €12,395 | - | -€12,395 | |
| Reserves | 13 | €95,564 | €104,329 | +€8,765 | +9.2% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Legal reserve | 130 | €1,859 | - | -€1,859 | |
| Reserves not available under the articles | 1311 | - | €1,859 | +€1,859 | |
| Distributable reserves | 133 | €93,705 | €102,470 | +€8,765 | +9.4% |
| Profit (loss) carried forward | 14 | -€12,082 | -€12,082 | = | 0.0% |
| Amounts payable | 17/49 | €60,373 | €48,539 | -€11,835 | -19.6% |
| Amounts payable after more than one year | 17 | €41,020 | €24,008 | -€17,012 | -41.5% |
| Financial debts | 170/4 | €30,220 | €13,208 | -€17,012 | -56.3% |
| Other amounts payable | 178/9 | €10,800 | €10,800 | = | 0.0% |
| Amounts payable within one year | 42/48 | €19,354 | €24,531 | +€5,178 | +26.8% |
| Current portion of amounts payable after more than one year | 42 | €16,354 | €17,012 | +€659 | +4.0% |
| Trade debts | 44 | €3,000 | €3,000 | = | 0.0% |
| Suppliers | 440/4 | €3,000 | €3,000 | = | 0.0% |
| Taxes, remuneration and social security | 45 | - | €4,519 | +€4,519 | |
| Taxes | 450/3 | - | €4,519 | +€4,519 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,459 | - | -€6,459 | |
| Other operating charges | 640/8 | €3,954 | €2,340 | -€1,614 | -40.8% |
| Gross operating margin | 9900 | €11,800 | €17,763 | +€5,963 | +50.5% |
| Operating profit (loss) | 9901 | €1,388 | €15,423 | +€14,035 | +1011.6% |
| Financial charges | 65/66B | €2,732 | €2,139 | -€593 | -21.7% |
| Recurring financial charges | 65 | €2,732 | €2,139 | -€593 | -21.7% |
| Profit (loss) for the period before taxes | 9903 | -€1,345 | €13,284 | +€14,628 | |
| Income taxes | 67/77 | - | €4,519 | +€4,519 | |
| Profit (loss) for the period | 9904 | -€1,345 | €8,765 | +€10,109 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,345 | €8,765 | +€10,109 |
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 7 October 2026 via checked.be.