KTO.hold: 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.
KTO.hold
Largest movements
- Cash +€106,262
up €106,262 (+64.5%), from €164,715 to €270,978
mainly Net result for the year (+€97,471) and Depreciation (+€9,830)
- Tangible fixed assets -€7,380
down €7,380 (-24.1%), from €30,676 to €23,296
of which Furniture and vehicles: -€8,052
- Receivables within one year -€5,204
down €5,204 (-14.1%), from €36,936 to €31,732
of which Other amounts receivable: -€6,717
- Deferred charges and accrued income +€4,000
up €4,000 (+114%), from €3,500 to €7,500
- Reserves +€183,992
up €183,992 (+163%), from €112,968 to €296,960
of which Distributable reserves: +€143,997
- Profit (loss) carried forward -€86,521
down €86,521 (-100%), from €86,521 to €0
- Gross operating margin +€84,959
up €84,959 (+183%), from €46,498 to €131,457
- Taxes +€14,283
up €14,283 (+182%), from €7,869 to €22,152
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 | €235,827 | €333,505 | +€97,678 | +41.4% |
| Fixed assets | 21/28 | €30,676 | €23,296 | -€7,380 | -24.1% |
| Tangible fixed assets | 22/27 | €30,676 | €23,296 | -€7,380 | -24.1% |
| Plant, machinery and equipment | 23 | €4,131 | €4,803 | +€672 | +16.3% |
| Furniture and vehicles | 24 | €26,545 | €18,492 | -€8,052 | -30.3% |
| Current assets | 29/58 | €205,151 | €310,209 | +€105,058 | +51.2% |
| Amounts receivable within one year | 40/41 | €36,936 | €31,732 | -€5,204 | -14.1% |
| Trade receivables | 40 | €24,805 | €26,318 | +€1,513 | +6.1% |
| Other amounts receivable | 41 | €12,131 | €5,414 | -€6,717 | -55.4% |
| Cash at bank and in hand | 54/58 | €164,715 | €270,978 | +€106,262 | +64.5% |
| Deferred charges and accrued income | 490/1 | €3,500 | €7,500 | +€4,000 | +114% |
| Total equity and liabilities | 10/49 | €235,827 | €333,505 | +€97,678 | +41.4% |
| Equity | 10/15 | €202,489 | €299,960 | +€97,471 | +48.1% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €112,968 | €296,960 | +€183,992 | +163% |
| Tax-exempt reserves | 132 | €63,150 | €103,145 | +€39,995 | +63.3% |
| Distributable reserves | 133 | €49,818 | €193,815 | +€143,997 | +289% |
| Profit (loss) carried forward | 14 | €86,521 | €0 | -€86,521 | -100% |
| Amounts payable | 17/49 | €33,338 | €33,545 | +€206 | +0.6% |
| Amounts payable within one year | 42/48 | €33,035 | €33,081 | +€45 | +0.1% |
| Trade debts | 44 | €14,971 | €16,472 | +€1,501 | +10.0% |
| Suppliers | 440/4 | €14,971 | €16,472 | +€1,501 | +10.0% |
| Taxes, remuneration and social security | 45 | €12,274 | €13,079 | +€805 | +6.6% |
| Taxes | 450/3 | €12,274 | €13,079 | +€805 | +6.6% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €5,791 | €3,530 | -€2,261 | -39.0% |
| Accrued charges and deferred income | 492/3 | €303 | €464 | +€161 | +53.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,784 | €9,830 | +€47 | +0.5% |
| Other operating charges | 640/8 | €694 | €990 | +€297 | +42.8% |
| Gross operating margin | 9900 | €46,498 | €131,457 | +€84,959 | +183% |
| Operating profit (loss) | 9901 | €36,021 | €120,636 | +€84,615 | +235% |
| Financial charges | 65/66B | €709 | €1,013 | +€304 | +42.8% |
| Recurring financial charges | 65 | €709 | €1,013 | +€304 | +42.8% |
| Profit (loss) for the period before taxes | 9903 | €35,312 | €119,623 | +€84,311 | +239% |
| Income taxes | 67/77 | €7,869 | €22,152 | +€14,283 | +182% |
| Profit (loss) for the period | 9904 | €27,443 | €97,471 | +€70,028 | +255% |
| Transfer to tax-exempt reserves | 689 | - | €39,995 | +€39,995 | |
| Profit (loss) for the period to be appropriated | 9905 | €27,443 | €57,476 | +€30,033 | +109% |
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 26 October 2026 via checked.be.