KTN GROUP: 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.
KTN GROUP
Largest movements
- Cash +€35,857
up €35,857 (+71,300%), from €50 to €35,907
mainly Net result for the year (+€20,490) and Receivables within one year (+€11,100)
- Receivables within one year -€11,100
down €11,100 (-5.2%), from €212,204 to €201,105
of which Trade receivables: -€20,204
- Profit (loss) carried forward +€20,490
up €20,490 (+13.2%), from €155,525 to €176,015
- Tax, wage and social debts +€4,944
up €4,944 (+20.0%), from €24,720 to €29,664
of which Taxes: +€2,916
- Trade debts +€3,530
new in 2025: €3,530
- Other debts -€3,000
down €3,000 (-15.0%), from €20,000 to €17,000
- Gross operating margin -€50,233
down €50,233 (-61.2%), from €82,063 to €31,830
- Staff costs -€14,069
down €14,069 (-82.4%), from €17,078 to €3,009
- Taxes -€11,636
down €11,636 (-66.1%), from €17,600 to €5,965
- Other operating charges +€1,386
up €1,386 (+569%), from €244 to €1,630
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 | €214,505 | €240,469 | +€25,965 | +12.1% |
| Fixed assets | 21/28 | €2,250 | €3,457 | +€1,207 | +53.7% |
| Tangible fixed assets | 22/27 | - | €1,207 | +€1,207 | |
| Plant, machinery and equipment | 23 | - | €1,207 | +€1,207 | |
| Financial fixed assets | 28 | €2,250 | €2,250 | = | 0.0% |
| Current assets | 29/58 | €212,255 | €237,012 | +€24,757 | +11.7% |
| Amounts receivable within one year | 40/41 | €212,204 | €201,105 | -€11,100 | -5.2% |
| Trade receivables | 40 | €207,244 | €187,040 | -€20,204 | -9.7% |
| Other amounts receivable | 41 | €4,961 | €14,065 | +€9,104 | +184% |
| Cash at bank and in hand | 54/58 | €50 | €35,907 | +€35,857 | +71,300% |
| Total equity and liabilities | 10/49 | €214,505 | €240,469 | +€25,965 | +12.1% |
| Equity | 10/15 | €169,785 | €190,275 | +€20,490 | +12.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Contributions outside capital | 11 | €12,400 | €12,400 | = | 0.0% |
| Other | 1109/19 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €155,525 | €176,015 | +€20,490 | +13.2% |
| Amounts payable | 17/49 | €44,720 | €50,194 | +€5,475 | +12.2% |
| Amounts payable within one year | 42/48 | €44,720 | €50,194 | +€5,475 | +12.2% |
| Trade debts | 44 | - | €3,530 | +€3,530 | |
| Suppliers | 440/4 | - | €3,530 | +€3,530 | |
| Taxes, remuneration and social security | 45 | €24,720 | €29,664 | +€4,944 | +20.0% |
| Taxes | 450/3 | €20,967 | €23,883 | +€2,916 | +13.9% |
| Remuneration and social security | 454/9 | €3,752 | €5,781 | +€2,029 | +54.1% |
| Other amounts payable | 47/48 | €20,000 | €17,000 | -€3,000 | -15.0% |
| Remuneration, social security and pensions | 62 | €17,078 | €3,009 | -€14,069 | -82.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €132 | +€132 | |
| Other operating charges | 640/8 | €244 | €1,630 | +€1,386 | +569% |
| Gross operating margin | 9900 | €82,063 | €31,830 | -€50,233 | -61.2% |
| Operating profit (loss) | 9901 | €64,742 | €27,059 | -€37,683 | -58.2% |
| Financial charges | 65/66B | €154 | €604 | +€451 | +293% |
| Recurring financial charges | 65 | €154 | €604 | +€451 | +293% |
| Profit (loss) for the period before taxes | 9903 | €64,588 | €26,455 | -€38,133 | -59.0% |
| Income taxes | 67/77 | €17,600 | €5,965 | -€11,636 | -66.1% |
| Profit (loss) for the period | 9904 | €46,988 | €20,490 | -€26,498 | -56.4% |
| Profit (loss) for the period to be appropriated | 9905 | €46,988 | €20,490 | -€26,498 | -56.4% |
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 14 October 2026 via checked.be.