KTE SERVICE: 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.
KTE SERVICE
Largest movements
- Current investments +€507,853
new in 2025: €507,853
- Cash -€152,205
down €152,205 (-28.5%), from €533,926 to €381,721
mainly Current investments (-€507,853) and Receivables within one year (-€94,541)
- Receivables within one year +€94,541
up €94,541 (+45.6%), from €207,126 to €301,667
of which Other amounts receivable: +€211,751
- Deferred charges and accrued income +€91,495
up €91,495 (+742%), from €12,336 to €103,831
- Tangible fixed assets -€25,839
down €25,839 (-13.9%), from €185,364 to €159,525
of which Furniture and vehicles: -€22,630
- Reserves +€626,394
up €626,394 (+87.3%), from €717,274 to €1.3m
of which Distributable reserves: +€373,794
- Trade debts -€81,375
down €81,375 (-69.5%), from €117,078 to €35,704
- Debts after one year -€31,674
down €31,674 (-95.2%), from €33,264 to €1,589
- Accrued charges and deferred income +€22,617
new in 2025: €22,617
- Tax, wage and social debts -€19,124
down €19,124 (-10.5%), from €182,645 to €163,521
of which Taxes: -€19,510
- Gross operating margin +€122,549
up €122,549 (+12.3%), from €995,694 to €1.1m
- Taxes +€54,237
up €54,237 (+23.2%), from €233,424 to €287,661
- Financial income +€32,016
up €32,016 (+505%), from €6,337 to €38,353
of which Non-recurring financial income: +€16,361
- Depreciation +€15,099
up €15,099 (+41.5%), from €36,356 to €51,455
- Staff costs -€13,665
down €13,665 (-11.3%), from €120,575 to €106,910
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 | €1,099,764 | €1,617,373 | +€517,609 | +47.1% |
| Fixed assets | 21/28 | €191,701 | €164,939 | -€26,762 | -14.0% |
| Intangible fixed assets | 21 | €4,592 | €3,669 | -€923 | -20.1% |
| Tangible fixed assets | 22/27 | €185,364 | €159,525 | -€25,839 | -13.9% |
| Land and buildings | 22 | €36,808 | €36,968 | +€160 | +0.4% |
| Plant, machinery and equipment | 23 | €6,842 | €3,473 | -€3,368 | -49.2% |
| Furniture and vehicles | 24 | €141,714 | €119,084 | -€22,630 | -16.0% |
| Financial fixed assets | 28 | €1,745 | €1,745 | = | 0.0% |
| Current assets | 29/58 | €908,064 | €1,452,435 | +€544,371 | +59.9% |
| Stocks and contracts in progress | 3 | €154,675 | €157,362 | +€2,687 | +1.7% |
| Stocks | 30/36 | €154,675 | €157,362 | +€2,687 | +1.7% |
| Amounts receivable within one year | 40/41 | €207,126 | €301,667 | +€94,541 | +45.6% |
| Trade receivables | 40 | €198,047 | €80,837 | -€117,210 | -59.2% |
| Other amounts receivable | 41 | €9,079 | €220,831 | +€211,751 | +2,332% |
| Current investments | 50/53 | - | €507,853 | +€507,853 | |
| Cash at bank and in hand | 54/58 | €533,926 | €381,721 | -€152,205 | -28.5% |
| Deferred charges and accrued income | 490/1 | €12,336 | €103,831 | +€91,495 | +742% |
| Total equity and liabilities | 10/49 | €1,099,764 | €1,617,373 | +€517,609 | +47.1% |
| Equity | 10/15 | €735,874 | €1,362,268 | +€626,394 | +85.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €717,274 | €1,343,668 | +€626,394 | +87.3% |
| Tax-exempt reserves | 132 | €273,650 | €526,250 | +€252,600 | +92.3% |
| Distributable reserves | 133 | €443,624 | €817,418 | +€373,794 | +84.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €363,890 | €255,105 | -€108,785 | -29.9% |
| Amounts payable after more than one year | 17 | €33,264 | €1,589 | -€31,674 | -95.2% |
| Financial debts | 170/4 | €33,264 | €1,589 | -€31,674 | -95.2% |
| Amounts payable within one year | 42/48 | €330,626 | €230,899 | -€99,727 | -30.2% |
| Current portion of amounts payable after more than one year | 42 | €30,903 | €31,674 | +€771 | +2.5% |
| Trade debts | 44 | €117,078 | €35,704 | -€81,375 | -69.5% |
| Suppliers | 440/4 | €117,078 | €35,704 | -€81,375 | -69.5% |
| Taxes, remuneration and social security | 45 | €182,645 | €163,521 | -€19,124 | -10.5% |
| Taxes | 450/3 | €171,879 | €152,369 | -€19,510 | -11.4% |
| Remuneration and social security | 454/9 | €10,766 | €11,152 | +€385 | +3.6% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | - | €22,617 | +€22,617 | |
| Non-recurring operating income | 76A | €6,500 | €34,500 | +€28,000 | +431% |
| Remuneration, social security and pensions | 62 | €120,575 | €106,910 | -€13,665 | -11.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,356 | €51,455 | +€15,099 | +41.5% |
| Other operating charges | 640/8 | €7,772 | €5,350 | -€2,422 | -31.2% |
| Gross operating margin | 9900 | €995,694 | €1,118,243 | +€122,549 | +12.3% |
| Operating profit (loss) | 9901 | €830,990 | €954,527 | +€123,537 | +14.9% |
| Financial income | 75/76B | €6,337 | €38,353 | +€32,016 | +505% |
| Recurring financial income | 75 | €6,337 | €21,992 | +€15,655 | +247% |
| Non-recurring financial income | 76B | - | €16,361 | +€16,361 | |
| Financial charges | 65/66B | €6,672 | €4,805 | -€1,867 | -28.0% |
| Recurring financial charges | 65 | €6,672 | €4,805 | -€1,867 | -28.0% |
| Profit (loss) for the period before taxes | 9903 | €830,656 | €988,075 | +€157,420 | +19.0% |
| Income taxes | 67/77 | €233,424 | €287,661 | +€54,237 | +23.2% |
| Profit (loss) for the period | 9904 | €597,232 | €700,414 | +€103,182 | +17.3% |
| Transfer to tax-exempt reserves | 689 | €273,650 | €252,600 | -€21,050 | -7.7% |
| Profit (loss) for the period to be appropriated | 9905 | €323,582 | €447,814 | +€124,232 | +38.4% |
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 25 October 2026 via checked.be.