KTGV: 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.
KTGV
Largest movements
- Current investments +€103,183
up €103,183 (+88.4%), from €116,678 to €219,861
- Cash +€10,912
up €10,912 (+239.3%), from €4,560 to €15,472
mainly Net result for the year (+€90,204) and Tax, wage and social debts (+€24,811)
- Profit (loss) carried forward +€90,204
up €90,204 (+86.6%), from €104,128 to €194,332
- Tax, wage and social debts +€24,811
up €24,811 (+65.9%), from €37,635 to €62,447
- Gross operating margin -€19,761
down €19,761 (-14.6%), from €135,072 to €115,311
- Taxes -€4,831
down €4,831 (-16.5%), from €29,257 to €24,426
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 | €147,379 | €261,095 | +€113,716 | +77.2% |
| Fixed assets | 21/28 | €5,784 | €4,665 | -€1,119 | -19.3% |
| Tangible fixed assets | 22/27 | €5,784 | €4,665 | -€1,119 | -19.3% |
| Plant, machinery and equipment | 23 | €2,030 | €1,810 | -€220 | -10.8% |
| Furniture and vehicles | 24 | €3,754 | €2,855 | -€899 | -24.0% |
| Current assets | 29/58 | €141,595 | €256,430 | +€114,835 | +81.1% |
| Amounts receivable within one year | 40/41 | €19,074 | €20,023 | +€949 | +5.0% |
| Trade receivables | 40 | €18,416 | €20,023 | +€1,607 | +8.7% |
| Other amounts receivable | 41 | €658 | - | -€658 | |
| Current investments | 50/53 | €116,678 | €219,861 | +€103,183 | +88.4% |
| Cash at bank and in hand | 54/58 | €4,560 | €15,472 | +€10,912 | +239.3% |
| Deferred charges and accrued income | 490/1 | €1,283 | €1,075 | -€209 | -16.3% |
| Total equity and liabilities | 10/49 | €147,379 | €261,095 | +€113,716 | +77.2% |
| Equity | 10/15 | €107,128 | €197,332 | +€90,204 | +84.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €104,128 | €194,332 | +€90,204 | +86.6% |
| Amounts payable | 17/49 | €40,251 | €63,763 | +€23,512 | +58.4% |
| Amounts payable within one year | 42/48 | €40,251 | €63,763 | +€23,512 | +58.4% |
| Trade debts | 44 | €2,615 | €1,142 | -€1,474 | -56.3% |
| Suppliers | 440/4 | €2,615 | €1,142 | -€1,474 | -56.3% |
| Taxes, remuneration and social security | 45 | €37,635 | €62,447 | +€24,811 | +65.9% |
| Taxes | 450/3 | €37,635 | €62,447 | +€24,811 | +65.9% |
| Other amounts payable | 47/48 | - | €174 | +€174 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €911 | €1,119 | +€208 | +22.8% |
| Other operating charges | 640/8 | €286 | €478 | +€193 | +67.6% |
| Gross operating margin | 9900 | €135,072 | €115,311 | -€19,761 | -14.6% |
| Operating profit (loss) | 9901 | €133,875 | €113,713 | -€20,162 | -15.1% |
| Financial income | 75/76B | €714 | €2,035 | +€1,320 | +184.9% |
| Recurring financial income | 75 | €714 | €2,035 | +€1,320 | +184.9% |
| Financial charges | 65/66B | €1,204 | €1,118 | -€86 | -7.1% |
| Recurring financial charges | 65 | €1,204 | €1,118 | -€86 | -7.1% |
| Profit (loss) for the period before taxes | 9903 | €133,385 | €114,630 | -€18,755 | -14.1% |
| Income taxes | 67/77 | €29,257 | €24,426 | -€4,831 | -16.5% |
| Profit (loss) for the period | 9904 | €104,128 | €90,204 | -€13,924 | -13.4% |
| Profit (loss) for the period to be appropriated | 9905 | €104,128 | €90,204 | -€13,924 | -13.4% |
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 5 October 2026 via checked.be.