KT WIND ZELE: 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 WIND ZELE
Largest movements
- Tangible fixed assets -€387,487
down €387,487 (-24.8%), from €1.6m to €1.2m
- Cash +€102,656
up €102,656 (+51.0%), from €201,406 to €304,062
mainly Depreciation (+€392,331) and Net result for the year (+€61,927)
- Debts after one year -€157,284
down €157,284 (-16.4%), from €957,284 to €800,000
- Other debts -€110,748
down €110,748 (-64.1%), from €172,675 to €61,927
- Gross operating margin -€162,763
down €162,763 (-25.3%), from €644,180 to €481,416
- Taxes -€47,361
down €47,361 (-89.0%), from €53,216 to €5,855
- Financial charges -€8,477
down €8,477 (-30.9%), from €27,430 to €18,954
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 | €2,143,305 | €1,849,012 | -€294,293 | -13.7% |
| Fixed assets | 21/28 | €1,559,885 | €1,172,399 | -€387,487 | -24.8% |
| Tangible fixed assets | 22/27 | €1,559,885 | €1,172,399 | -€387,487 | -24.8% |
| Plant, machinery and equipment | 23 | €1,559,885 | €1,172,399 | -€387,487 | -24.8% |
| Current assets | 29/58 | €583,420 | €676,613 | +€93,193 | +16.0% |
| Amounts receivable within one year | 40/41 | €363,759 | €362,291 | -€1,468 | -0.4% |
| Trade receivables | 40 | €280,416 | €277,760 | -€2,656 | -0.9% |
| Other amounts receivable | 41 | €83,342 | €84,530 | +€1,188 | +1.4% |
| Cash at bank and in hand | 54/58 | €201,406 | €304,062 | +€102,656 | +51.0% |
| Deferred charges and accrued income | 490/1 | €18,255 | €10,260 | -€7,995 | -43.8% |
| Total equity and liabilities | 10/49 | €2,143,305 | €1,849,012 | -€294,293 | -13.7% |
| Equity | 10/15 | €940,490 | €931,397 | -€9,093 | -1.0% |
| Contributions | 10/11 | €160,000 | €160,000 | = | 0.0% |
| Reserves | 13 | €744,416 | €744,416 | = | 0.0% |
| Distributable reserves | 133 | €744,416 | €744,416 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Investment grants | 15 | €36,074 | €26,981 | -€9,093 | -25.2% |
| Amounts payable | 17/49 | €1,202,815 | €917,615 | -€285,200 | -23.7% |
| Amounts payable after more than one year | 17 | €957,284 | €800,000 | -€157,284 | -16.4% |
| Financial debts | 170/4 | €957,284 | €800,000 | -€157,284 | -16.4% |
| Amounts payable within one year | 42/48 | €226,984 | €92,187 | -€134,797 | -59.4% |
| Trade debts | 44 | €20,225 | €5,873 | -€14,352 | -71.0% |
| Suppliers | 440/4 | €20,225 | €5,873 | -€14,352 | -71.0% |
| Taxes, remuneration and social security | 45 | €34,084 | €24,387 | -€9,697 | -28.5% |
| Taxes | 450/3 | €34,084 | €24,387 | -€9,697 | -28.5% |
| Other amounts payable | 47/48 | €172,675 | €61,927 | -€110,748 | -64.1% |
| Accrued charges and deferred income | 492/3 | €18,548 | €25,429 | +€6,881 | +37.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €391,800 | €392,331 | +€530 | +0.1% |
| Other operating charges | 640/8 | €11,502 | €11,443 | -€59 | -0.5% |
| Gross operating margin | 9900 | €644,180 | €481,416 | -€162,763 | -25.3% |
| Operating profit (loss) | 9901 | €240,877 | €77,642 | -€163,235 | -67.8% |
| Financial income | 75/76B | €9,094 | €9,093 | -€1 | 0.0% |
| Recurring financial income | 75 | €9,094 | €9,093 | -€1 | 0.0% |
| Financial charges | 65/66B | €27,430 | €18,954 | -€8,477 | -30.9% |
| Recurring financial charges | 65 | €27,430 | €18,954 | -€8,477 | -30.9% |
| Profit (loss) for the period before taxes | 9903 | €222,540 | €67,782 | -€154,758 | -69.5% |
| Income taxes | 67/77 | €53,216 | €5,855 | -€47,361 | -89.0% |
| Profit (loss) for the period | 9904 | €169,325 | €61,927 | -€107,398 | -63.4% |
| Profit (loss) for the period to be appropriated | 9905 | €169,325 | €61,927 | -€107,398 | -63.4% |
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 29 October 2026 via checked.be.