KTL1: 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.
KTL1
Largest movements
- Cash +€5,607
up €5,607 (+84.0%), from €6,678 to €12,285
mainly Net result for the year (+€16,832) and Depreciation (+€10,834)
- Tangible fixed assets -€4,943
down €4,943 (-2.0%), from €242,929 to €237,986
of which Land and buildings: -€5,532
- Receivables within one year -€3,029
down €3,029 (-11.1%), from €27,297 to €24,268
of which Other amounts receivable: -€4,122
- Debts after one year -€33,548
down €33,548 (-37.4%), from €89,742 to €56,194
- Reserves +€16,832
up €16,832 (+16.9%), from €99,333 to €116,165
- Current portion of long-term debt +€10,073
up €10,073 (+31.4%), from €32,119 to €42,192
- Gross operating margin -€9,302
down €9,302 (-16.3%), from €56,922 to €47,621
- Financial charges -€1,174
down €1,174 (-12.2%), from €9,657 to €8,483
- Taxes +€1,142
up €1,142 (+12.9%), from €8,878 to €10,020
- Depreciation -€678
down €678 (-5.9%), from €11,512 to €10,834
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 | €282,368 | €278,267 | -€4,102 | -1.5% |
| Fixed assets | 21/28 | €242,929 | €237,986 | -€4,943 | -2.0% |
| Tangible fixed assets | 22/27 | €242,929 | €237,986 | -€4,943 | -2.0% |
| Land and buildings | 22 | €235,076 | €229,544 | -€5,532 | -2.4% |
| Plant, machinery and equipment | 23 | €991 | €247 | -€744 | -75.1% |
| Furniture and vehicles | 24 | €6,862 | €8,196 | +€1,334 | +19.4% |
| Current assets | 29/58 | €39,439 | €40,280 | +€841 | +2.1% |
| Amounts receivable within one year | 40/41 | €27,297 | €24,268 | -€3,029 | -11.1% |
| Trade receivables | 40 | €21,175 | €22,268 | +€1,093 | +5.2% |
| Other amounts receivable | 41 | €6,122 | €2,000 | -€4,122 | -67.3% |
| Cash at bank and in hand | 54/58 | €6,678 | €12,285 | +€5,607 | +84.0% |
| Deferred charges and accrued income | 490/1 | €5,464 | €3,727 | -€1,736 | -31.8% |
| Total equity and liabilities | 10/49 | €282,368 | €278,267 | -€4,102 | -1.5% |
| Equity | 10/15 | €105,533 | €122,365 | +€16,832 | +15.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €99,333 | €116,165 | +€16,832 | +16.9% |
| Distributable reserves | 133 | €99,333 | €116,165 | +€16,832 | +16.9% |
| Amounts payable | 17/49 | €176,835 | €155,902 | -€20,934 | -11.8% |
| Amounts payable after more than one year | 17 | €89,742 | €56,194 | -€33,548 | -37.4% |
| Financial debts | 170/4 | €89,742 | €56,194 | -€33,548 | -37.4% |
| Amounts payable within one year | 42/48 | €87,094 | €99,708 | +€12,614 | +14.5% |
| Current portion of amounts payable after more than one year | 42 | €32,119 | €42,192 | +€10,073 | +31.4% |
| Financial debts | 43 | - | €2,019 | +€2,019 | |
| Credit institutions | 430/8 | - | €2,019 | +€2,019 | |
| Trade debts | 44 | €2,825 | €954 | -€1,871 | -66.2% |
| Suppliers | 440/4 | €2,825 | €954 | -€1,871 | -66.2% |
| Taxes, remuneration and social security | 45 | €16,868 | €17,823 | +€955 | +5.7% |
| Taxes | 450/3 | €16,868 | €17,823 | +€955 | +5.7% |
| Other amounts payable | 47/48 | €35,281 | €36,720 | +€1,439 | +4.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,512 | €10,834 | -€678 | -5.9% |
| Other operating charges | 640/8 | €1,495 | €1,454 | -€41 | -2.8% |
| Gross operating margin | 9900 | €56,922 | €47,621 | -€9,302 | -16.3% |
| Operating profit (loss) | 9901 | €43,915 | €35,332 | -€8,583 | -19.5% |
| Financial income | 75/76B | €0 | €3 | +€3 | +886% |
| Recurring financial income | 75 | €0 | €3 | +€3 | +886% |
| Financial charges | 65/66B | €9,657 | €8,483 | -€1,174 | -12.2% |
| Recurring financial charges | 65 | €9,657 | €8,483 | -€1,174 | -12.2% |
| Profit (loss) for the period before taxes | 9903 | €34,258 | €26,852 | -€7,406 | -21.6% |
| Income taxes | 67/77 | €8,878 | €10,020 | +€1,142 | +12.9% |
| Profit (loss) for the period | 9904 | €25,381 | €16,832 | -€8,549 | -33.7% |
| Profit (loss) for the period to be appropriated | 9905 | €25,381 | €16,832 | -€8,549 | -33.7% |
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 19 October 2026 via checked.be.