KTBS: 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.
KTBS
Largest movements
- Cash -€24,304
down €24,304 (-15.4%), from €158,240 to €133,935
mainly Investment in fixed assets (net) (-€55,304) and Contributions, distributions and other (-€32,500)
- Deferred charges and accrued income +€9,977
up €9,977 (+303.7%), from €3,285 to €13,262
- Debts after one year +€22,726
up €22,726 (+98.0%), from €23,201 to €45,927
- Reserves -€16,945
down €16,945 (-5.0%), from €341,078 to €324,133
of which Non-distributable reserves: -€16,955
- Revaluation surpluses -€8,284
down €8,284 (-7.1%), from €115,973 to €107,689
- Tax, wage and social debts -€8,214
down €8,214 (-34.7%), from €23,687 to €15,473
of which Taxes: -€5,825
- Gross operating margin -€10,322
down €10,322 (-3.2%), from €323,812 to €313,491
- Taxes -€4,868
down €4,868 (-31.4%), from €15,507 to €10,639
- Staff costs +€4,286
up €4,286 (+2.0%), from €209,296 to €213,582
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 | €608,552 | €594,482 | -€14,070 | -2.3% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €402,546 | €398,361 | -€4,184 | -1.0% |
| Tangible fixed assets | 22/27 | €401,838 | €397,653 | -€4,184 | -1.0% |
| Land and buildings | 22 | €340,667 | €310,055 | -€30,612 | -9.0% |
| Plant, machinery and equipment | 23 | €24,333 | €21,673 | -€2,660 | -10.9% |
| Furniture and vehicles | 24 | €7,544 | €6,463 | -€1,082 | -14.3% |
| Leasing and similar rights | 25 | €29,293 | €59,462 | +€30,169 | +103.0% |
| Financial fixed assets | 28 | €708 | €708 | = | 0.0% |
| Current assets | 29/58 | €206,007 | €196,121 | -€9,886 | -4.8% |
| Stocks and contracts in progress | 3 | €12,585 | €12,585 | = | 0.0% |
| Stocks | 30/36 | €12,585 | €12,585 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €31,897 | €36,339 | +€4,442 | +13.9% |
| Trade receivables | 40 | €21,452 | €26,568 | +€5,116 | +23.8% |
| Other amounts receivable | 41 | €10,445 | €9,770 | -€674 | -6.5% |
| Cash at bank and in hand | 54/58 | €158,240 | €133,935 | -€24,304 | -15.4% |
| Deferred charges and accrued income | 490/1 | €3,285 | €13,262 | +€9,977 | +303.7% |
| Total equity and liabilities | 10/49 | €608,552 | €594,482 | -€14,070 | -2.3% |
| Equity | 10/15 | €476,185 | €450,990 | -€25,195 | -5.3% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Revaluation surpluses | 12 | €115,973 | €107,689 | -€8,284 | -7.1% |
| Reserves | 13 | €341,078 | €324,133 | -€16,945 | -5.0% |
| Non-distributable reserves | 130/1 | €324,500 | €307,545 | -€16,955 | -5.2% |
| Reserves not available under the articles | 1311 | €324,500 | €307,545 | -€16,955 | -5.2% |
| Distributable reserves | 133 | €16,578 | €16,588 | +€10 | +0.1% |
| Profit (loss) carried forward | 14 | €542 | €576 | +€34 | +6.2% |
| Amounts payable | 17/49 | €132,367 | €143,492 | +€11,125 | +8.4% |
| Amounts payable after more than one year | 17 | €23,201 | €45,927 | +€22,726 | +98.0% |
| Financial debts | 170/4 | €23,201 | €45,927 | +€22,726 | +98.0% |
| Amounts payable within one year | 42/48 | €109,166 | €97,565 | -€11,601 | -10.6% |
| Current portion of amounts payable after more than one year | 42 | €24,402 | €24,812 | +€410 | +1.7% |
| Trade debts | 44 | €60,021 | €56,336 | -€3,685 | -6.1% |
| Suppliers | 440/4 | €60,021 | €56,336 | -€3,685 | -6.1% |
| Advances received on contracts in progress | 46 | €1,056 | €944 | -€112 | -10.6% |
| Taxes, remuneration and social security | 45 | €23,687 | €15,473 | -€8,214 | -34.7% |
| Taxes | 450/3 | €13,059 | €7,234 | -€5,825 | -44.6% |
| Remuneration and social security | 454/9 | €10,628 | €8,239 | -€2,389 | -22.5% |
| Remuneration, social security and pensions | 62 | €209,296 | €213,582 | +€4,286 | +2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €61,905 | €59,488 | -€2,417 | -3.9% |
| Other operating charges | 640/8 | €10,181 | €10,815 | +€634 | +6.2% |
| Gross operating margin | 9900 | €323,812 | €313,491 | -€10,322 | -3.2% |
| Operating profit (loss) | 9901 | €42,430 | €29,605 | -€12,825 | -30.2% |
| Financial income | 75/76B | €71 | €91 | +€20 | +28.4% |
| Recurring financial income | 75 | €71 | €91 | +€20 | +28.4% |
| Financial charges | 65/66B | €10,109 | €11,753 | +€1,644 | +16.3% |
| Recurring financial charges | 65 | €10,109 | €11,753 | +€1,644 | +16.3% |
| Profit (loss) for the period before taxes | 9903 | €32,393 | €17,944 | -€14,449 | -44.6% |
| Income taxes | 67/77 | €15,507 | €10,639 | -€4,868 | -31.4% |
| Profit (loss) for the period | 9904 | €16,886 | €7,305 | -€9,581 | -56.7% |
| Transfer from tax-exempt reserves | 789 | €8,274 | €8,274 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €25,160 | €15,579 | -€9,581 | -38.1% |
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.