KTH DEVELOPMENT: 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.
KTH DEVELOPMENT
Largest movements
- Stocks and contracts +€12,256
up €12,256 (+5.1%), from €242,442 to €254,698
- Receivables within one year -€4,397
down €4,397 (-59.9%), from €7,341 to €2,944
of which Other amounts receivable: -€3,148
- Other debts +€83,689
up €83,689 (+15.8%), from €529,392 to €613,081
- Profit (loss) carried forward -€59,529
down €59,529 (-12.9%), from -€462,866 to -€522,395
- Trade debts -€17,424
down €17,424 (-35.2%), from €49,446 to €32,022
- Gross operating margin +€25,920
up €25,920 (+59.0%), from -€43,953 to -€18,033
- Financial charges +€2,717
up €2,717 (+7.1%), from €38,379 to €41,096
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 | €256,053 | €263,450 | +€7,398 | +2.9% |
| Current assets | 29/58 | €256,053 | €263,450 | +€7,398 | +2.9% |
| Stocks and contracts in progress | 3 | €242,442 | €254,698 | +€12,256 | +5.1% |
| Stocks | 30/36 | €242,442 | €254,698 | +€12,256 | +5.1% |
| Amounts receivable within one year | 40/41 | €7,341 | €2,944 | -€4,397 | -59.9% |
| Trade receivables | 40 | €2,628 | €1,379 | -€1,249 | -47.5% |
| Other amounts receivable | 41 | €4,713 | €1,564 | -€3,148 | -66.8% |
| Cash at bank and in hand | 54/58 | €467 | - | -€467 | |
| Deferred charges and accrued income | 490/1 | €5,803 | €5,809 | +€5 | +0.1% |
| Total equity and liabilities | 10/49 | €256,053 | €263,450 | +€7,398 | +2.9% |
| Equity | 10/15 | -€362,866 | -€422,395 | -€59,529 | -16.4% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€462,866 | -€522,395 | -€59,529 | -12.9% |
| Amounts payable | 17/49 | €618,919 | €685,846 | +€66,927 | +10.8% |
| Amounts payable within one year | 42/48 | €578,838 | €645,102 | +€66,265 | +11.4% |
| Trade debts | 44 | €49,446 | €32,022 | -€17,424 | -35.2% |
| Suppliers | 440/4 | €49,446 | €32,022 | -€17,424 | -35.2% |
| Other amounts payable | 47/48 | €529,392 | €613,081 | +€83,689 | +15.8% |
| Accrued charges and deferred income | 492/3 | €40,081 | €40,743 | +€662 | +1.7% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | -€43,953 | -€18,033 | +€25,920 | +59.0% |
| Operating profit (loss) | 9901 | -€44,341 | -€18,433 | +€25,908 | +58.4% |
| Financial charges | 65/66B | €38,379 | €41,096 | +€2,717 | +7.1% |
| Recurring financial charges | 65 | €38,379 | €41,096 | +€2,717 | +7.1% |
| Profit (loss) for the period before taxes | 9903 | -€82,719 | -€59,529 | +€23,190 | +28.0% |
| Profit (loss) for the period | 9904 | -€82,719 | -€59,529 | +€23,190 | +28.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€82,719 | -€59,529 | +€23,190 | +28.0% |
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 17 October 2026 via checked.be.