KTC: 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.
KTC
Largest movements
- Current investments -€25,000
no longer reported in 2025 (was €25,000)
- Tangible fixed assets -€5,672
down €5,672 (-15.5%), from €36,623 to €30,951
of which Furniture and vehicles: -€8,860
- Cash +€1,096
up €1,096 (+3.8%), from €28,727 to €29,823
mainly Other debts (+€56,887) and Net result for the year (+€33,353)
- Reserves -€74,677
no longer reported in 2025 (was €74,677)
- Other debts +€56,887
up €56,887 (+11113.3%), from €512 to €57,399
- Tax, wage and social debts -€11,298
down €11,298 (-45.3%), from €24,933 to €13,635
of which Taxes: -€11,320
- Gross operating margin -€1,113
down €1,113 (-2.0%), from €55,999 to €54,886
- Financial income +€829
up €829 (+435.2%), from €190 to €1,019
- Depreciation +€614
up €614 (+6.5%), from €9,495 to €10,109
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 | €103,058 | €73,691 | -€29,367 | -28.5% |
| Fixed assets | 21/28 | €36,623 | €30,951 | -€5,672 | -15.5% |
| Tangible fixed assets | 22/27 | €36,623 | €30,951 | -€5,672 | -15.5% |
| Plant, machinery and equipment | 23 | €1,499 | €4,687 | +€3,188 | +212.7% |
| Furniture and vehicles | 24 | €35,124 | €26,264 | -€8,860 | -25.2% |
| Current assets | 29/58 | €66,435 | €42,740 | -€23,695 | -35.7% |
| Current investments | 50/53 | €25,000 | - | -€25,000 | |
| Cash at bank and in hand | 54/58 | €28,727 | €29,823 | +€1,096 | +3.8% |
| Deferred charges and accrued income | 490/1 | €12,708 | €12,917 | +€209 | +1.6% |
| Total equity and liabilities | 10/49 | €103,058 | €73,691 | -€29,367 | -28.5% |
| Equity | 10/15 | €77,177 | €2,500 | -€74,677 | -96.8% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €74,677 | - | -€74,677 | |
| Distributable reserves | 133 | €74,677 | - | -€74,677 | |
| Amounts payable | 17/49 | €25,881 | €71,191 | +€45,310 | +175.1% |
| Amounts payable within one year | 42/48 | €25,881 | €71,191 | +€45,310 | +175.1% |
| Trade debts | 44 | €436 | €158 | -€278 | -63.8% |
| Suppliers | 440/4 | €436 | €158 | -€278 | -63.8% |
| Taxes, remuneration and social security | 45 | €24,933 | €13,635 | -€11,298 | -45.3% |
| Taxes | 450/3 | €23,472 | €12,152 | -€11,320 | -48.2% |
| Remuneration and social security | 454/9 | €1,461 | €1,482 | +€21 | +1.5% |
| Other amounts payable | 47/48 | €512 | €57,399 | +€56,887 | +11113.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,495 | €10,109 | +€614 | +6.5% |
| Other operating charges | 640/8 | €578 | €542 | -€36 | -6.2% |
| Gross operating margin | 9900 | €55,999 | €54,886 | -€1,113 | -2.0% |
| Operating profit (loss) | 9901 | €45,927 | €44,235 | -€1,691 | -3.7% |
| Financial income | 75/76B | €190 | €1,019 | +€829 | +435.2% |
| Recurring financial income | 75 | €190 | €1,019 | +€829 | +435.2% |
| Financial charges | 65/66B | €106 | €104 | -€1 | -1.2% |
| Recurring financial charges | 65 | €106 | €104 | -€1 | -1.2% |
| Profit (loss) for the period before taxes | 9903 | €46,011 | €45,150 | -€861 | -1.9% |
| Income taxes | 67/77 | €12,165 | €11,797 | -€367 | -3.0% |
| Profit (loss) for the period | 9904 | €33,847 | €33,353 | -€494 | -1.5% |
| Profit (loss) for the period to be appropriated | 9905 | €33,847 | €33,353 | -€494 | -1.5% |
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 3 October 2026 via checked.be.