KTND: 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.
KTND
Largest movements
- Deferred charges and accrued income -€9,500
no longer reported in 2025 (was €9,500)
- Financial fixed assets +€5,677
new in 2025: €5,677
- Cash -€743
down €743 (-45.5%), from €1,631 to €888
mainly Other debts (-€15,928) and Net result for the year (-€12,373)
- Tangible fixed assets -€606
down €606 (-23.1%), from €2,624 to €2,018
of which Plant, machinery and equipment: -€1,032
- Profit (loss) carried forward +€17,627
up €17,627 (+49.9%), from -€35,318 to -€17,691
- Other debts -€15,928
down €15,928 (-72.8%), from €21,889 to €5,961
- Advances received -€9,500
no longer reported in 2025 (was €9,500)
- Trade debts +€2,648
new in 2025: €2,648
- Write-downs -€4,321
no longer reported in 2025 (was €4,321)
- Gross operating margin +€1,586
up €1,586 (+13.5%), from -€11,722 to -€10,135
- Other operating charges -€135
down €135 (-45.4%), from €298 to €163
- Taxes -€123
new in 2025: -€123
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 | €17,195 | €11,918 | -€5,277 | -30.7% |
| Fixed assets | 21/28 | €2,624 | €7,695 | +€5,071 | +193.3% |
| Tangible fixed assets | 22/27 | €2,624 | €2,018 | -€606 | -23.1% |
| Plant, machinery and equipment | 23 | €1,128 | €96 | -€1,032 | -91.5% |
| Furniture and vehicles | 24 | €1,496 | €1,922 | +€426 | +28.5% |
| Financial fixed assets | 28 | - | €5,677 | +€5,677 | |
| Current assets | 29/58 | €14,571 | €4,223 | -€10,348 | -71.0% |
| Amounts receivable within one year | 40/41 | €3,440 | €3,335 | -€105 | -3.1% |
| Trade receivables | 40 | €3,025 | €1,341 | -€1,684 | -55.7% |
| Other amounts receivable | 41 | €415 | €1,994 | +€1,579 | +380.7% |
| Cash at bank and in hand | 54/58 | €1,631 | €888 | -€743 | -45.5% |
| Deferred charges and accrued income | 490/1 | €9,500 | - | -€9,500 | |
| Total equity and liabilities | 10/49 | €17,195 | €11,918 | -€5,277 | -30.7% |
| Equity | 10/15 | -€14,318 | €3,309 | +€17,627 | |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €16,000 | €16,000 | = | 0.0% |
| Distributable reserves | 133 | €16,000 | €16,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€35,318 | -€17,691 | +€17,627 | +49.9% |
| Amounts payable | 17/49 | €31,512 | €8,609 | -€22,904 | -72.7% |
| Amounts payable within one year | 42/48 | €31,512 | €8,609 | -€22,904 | -72.7% |
| Trade debts | 44 | - | €2,648 | +€2,648 | |
| Suppliers | 440/4 | - | €2,648 | +€2,648 | |
| Advances received on contracts in progress | 46 | €9,500 | - | -€9,500 | |
| Taxes, remuneration and social security | 45 | €123 | - | -€123 | |
| Taxes | 450/3 | €123 | - | -€123 | |
| Other amounts payable | 47/48 | €21,889 | €5,961 | -€15,928 | -72.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,914 | €1,928 | +€14 | +0.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €4,321 | - | -€4,321 | |
| Other operating charges | 640/8 | €298 | €163 | -€135 | -45.4% |
| Non-recurring operating charges | 66A | €7,298 | - | -€7,298 | |
| Gross operating margin | 9900 | -€11,722 | -€10,135 | +€1,586 | +13.5% |
| Operating profit (loss) | 9901 | -€25,552 | -€12,227 | +€13,326 | +52.2% |
| Financial charges | 65/66B | €277 | €269 | -€7 | -2.6% |
| Recurring financial charges | 65 | €277 | €269 | -€7 | -2.6% |
| Profit (loss) for the period before taxes | 9903 | -€25,829 | -€12,496 | +€13,333 | +51.6% |
| Income taxes | 67/77 | - | -€123 | -€123 | |
| Profit (loss) for the period | 9904 | -€25,829 | -€12,373 | +€13,456 | +52.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€25,829 | -€12,373 | +€13,456 | +52.1% |
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 12 October 2026 via checked.be.