KTL TRANS: 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.
KTL TRANS
Largest movements
- Tangible fixed assets -€51,995
down €51,995 (-66.0%), from €78,764 to €26,769
of which Furniture and vehicles: -€36,995
- Receivables within one year +€11,897
up €11,897 (+11.6%), from €102,807 to €114,704
of which Other amounts receivable: +€15,662
- Cash -€7,664
down €7,664 (-34.9%), from €21,955 to €14,291
mainly Other debts (-€38,707) and Receivables within one year (-€11,897)
- Deferred charges and accrued income -€4,590
no longer reported in 2025 (was €4,590)
- Other debts -€38,707
down €38,707 (-49.3%), from €78,544 to €39,837
- Trade debts -€8,043
down €8,043 (-11.7%), from €68,569 to €60,526
- Current portion of long-term debt -€6,760
down €6,760 (-45.4%), from €14,882 to €8,122
- Gross operating margin -€146,699
down €146,699 (-45.2%), from €324,333 to €177,634
- Depreciation -€36,594
down €36,594 (-47.0%), from €77,929 to €41,335
- Staff costs +€14,713
up €14,713 (+13.2%), from €111,129 to €125,842
- Other operating charges -€3,521
down €3,521 (-47.0%), from €7,497 to €3,976
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 | €238,451 | €186,099 | -€52,352 | -22.0% |
| Fixed assets | 21/28 | €109,099 | €57,104 | -€51,995 | -47.7% |
| Tangible fixed assets | 22/27 | €78,764 | €26,769 | -€51,995 | -66.0% |
| Furniture and vehicles | 24 | €56,573 | €19,578 | -€36,995 | -65.4% |
| Leasing and similar rights | 25 | €22,192 | €7,192 | -€15,000 | -67.6% |
| Financial fixed assets | 28 | €30,335 | €30,335 | = | 0.0% |
| Current assets | 29/58 | €129,352 | €128,995 | -€357 | -0.3% |
| Amounts receivable within one year | 40/41 | €102,807 | €114,704 | +€11,897 | +11.6% |
| Trade receivables | 40 | €101,922 | €98,158 | -€3,765 | -3.7% |
| Other amounts receivable | 41 | €885 | €16,547 | +€15,662 | +1,770% |
| Cash at bank and in hand | 54/58 | €21,955 | €14,291 | -€7,664 | -34.9% |
| Deferred charges and accrued income | 490/1 | €4,590 | - | -€4,590 | |
| Total equity and liabilities | 10/49 | €238,451 | €186,099 | -€52,352 | -22.0% |
| Equity | 10/15 | €52,161 | €52,527 | +€366 | +0.7% |
| Contributions | 10/11 | €9,000 | €9,000 | = | 0.0% |
| Contributions outside capital | 11 | €9,000 | €9,000 | = | 0.0% |
| Other | 1109/19 | €9,000 | €9,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €43,161 | €43,527 | +€366 | +0.8% |
| Amounts payable | 17/49 | €186,290 | €133,573 | -€52,717 | -28.3% |
| Amounts payable within one year | 42/48 | €186,290 | €133,573 | -€52,717 | -28.3% |
| Current portion of amounts payable after more than one year | 42 | €14,882 | €8,122 | -€6,760 | -45.4% |
| Trade debts | 44 | €68,569 | €60,526 | -€8,043 | -11.7% |
| Suppliers | 440/4 | €68,569 | €60,526 | -€8,043 | -11.7% |
| Taxes, remuneration and social security | 45 | €24,294 | €25,087 | +€792 | +3.3% |
| Taxes | 450/3 | €12,494 | €5,499 | -€6,995 | -56.0% |
| Remuneration and social security | 454/9 | €11,800 | €19,588 | +€7,787 | +66.0% |
| Other amounts payable | 47/48 | €78,544 | €39,837 | -€38,707 | -49.3% |
| Non-recurring operating income | 76A | - | €5,110 | +€5,110 | |
| Remuneration, social security and pensions | 62 | €111,129 | €125,842 | +€14,713 | +13.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €77,929 | €41,335 | -€36,594 | -47.0% |
| Other operating charges | 640/8 | €7,497 | €3,976 | -€3,521 | -47.0% |
| Non-recurring operating charges | 66A | €107,312 | €3,258 | -€104,054 | -97.0% |
| Gross operating margin | 9900 | €324,333 | €177,634 | -€146,699 | -45.2% |
| Operating profit (loss) | 9901 | €20,467 | €3,223 | -€17,243 | -84.3% |
| Financial income | 75/76B | €228 | €2 | -€226 | -99.2% |
| Recurring financial income | 75 | €228 | €2 | -€226 | -99.2% |
| Financial charges | 65/66B | €1,806 | €128 | -€1,678 | -92.9% |
| Recurring financial charges | 65 | €1,806 | €128 | -€1,678 | -92.9% |
| Profit (loss) for the period before taxes | 9903 | €18,888 | €3,097 | -€15,792 | -83.6% |
| Income taxes | 67/77 | €5,829 | €2,731 | -€3,098 | -53.1% |
| Profit (loss) for the period | 9904 | €13,059 | €366 | -€12,694 | -97.2% |
| Profit (loss) for the period to be appropriated | 9905 | €13,059 | €366 | -€12,694 | -97.2% |
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 28 October 2026 via checked.be.