KTOB: 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.
KTOB
Largest movements
- Receivables within one year -€30,884
down €30,884 (-49.3%), from €62,610 to €31,726
of which Trade receivables: -€35,051
- Cash +€1,338
up €1,338 (+95.6%), from €1,400 to €2,739
mainly Receivables within one year (+€30,884) and Net result for the year (+€7,741)
- Trade debts -€33,675
down €33,675 (-92.7%), from €36,319 to €2,645
of which Suppliers: -€25,296
- Profit (loss) carried forward +€6,908
up €6,908 (+57.7%), from €11,979 to €18,887
- Tax, wage and social debts -€2,966
down €2,966 (-21.2%), from €14,014 to €11,048
- Gross operating margin -€5,546
down €5,546 (-30.0%), from €18,504 to €12,958
- Taxes -€1,944
down €1,944 (-39.5%), from €4,920 to €2,976
- Financial charges +€1,224
new in 2025: €1,224
- Depreciation +€232
up €232 (+60.5%), from €384 to €616
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 | €65,145 | €35,413 | -€29,732 | -45.6% |
| Fixed assets | 21/28 | €1,134 | €811 | -€324 | -28.5% |
| Tangible fixed assets | 22/27 | €1,134 | €811 | -€324 | -28.5% |
| Plant, machinery and equipment | 23 | €263 | €65 | -€198 | -75.3% |
| Furniture and vehicles | 24 | €871 | €745 | -€125 | -14.4% |
| Current assets | 29/58 | €64,011 | €34,603 | -€29,408 | -45.9% |
| Amounts receivable within one year | 40/41 | €62,610 | €31,726 | -€30,884 | -49.3% |
| Trade receivables | 40 | €35,051 | €0 | -€35,051 | -100.0% |
| Other amounts receivable | 41 | €27,559 | €31,726 | +€4,167 | +15.1% |
| Cash at bank and in hand | 54/58 | €1,400 | €2,739 | +€1,338 | +95.6% |
| Deferred charges and accrued income | 490/1 | - | €137 | +€137 | |
| Total equity and liabilities | 10/49 | €65,145 | €35,413 | -€29,732 | -45.6% |
| Equity | 10/15 | €13,979 | €20,887 | +€6,908 | +49.4% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,979 | €18,887 | +€6,908 | +57.7% |
| Amounts payable | 17/49 | €51,166 | €14,526 | -€36,640 | -71.6% |
| Amounts payable within one year | 42/48 | €51,166 | €14,526 | -€36,640 | -71.6% |
| Trade debts | 44 | €36,319 | €2,645 | -€33,675 | -92.7% |
| Suppliers | 440/4 | €27,941 | €2,645 | -€25,296 | -90.5% |
| Bills of exchange payable | 441 | €8,378 | €0 | -€8,378 | -100.0% |
| Taxes, remuneration and social security | 45 | €14,014 | €11,048 | -€2,966 | -21.2% |
| Taxes | 450/3 | €14,014 | €11,048 | -€2,966 | -21.2% |
| Other amounts payable | 47/48 | €833 | €833 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €384 | €616 | +€232 | +60.5% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €18,504 | €12,958 | -€5,546 | -30.0% |
| Operating profit (loss) | 9901 | €17,732 | €11,942 | -€5,791 | -32.7% |
| Financial charges | 65/66B | - | €1,224 | +€1,224 | |
| Recurring financial charges | 65 | - | €1,224 | +€1,224 | |
| Profit (loss) for the period before taxes | 9903 | €17,732 | €10,717 | -€7,015 | -39.6% |
| Income taxes | 67/77 | €4,920 | €2,976 | -€1,944 | -39.5% |
| Profit (loss) for the period | 9904 | €12,812 | €7,741 | -€5,071 | -39.6% |
| Profit (loss) for the period to be appropriated | 9905 | €12,812 | €7,741 | -€5,071 | -39.6% |
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.