Ktoitures: 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.
Ktoitures
Largest movements
- Receivables within one year +€27,417
up €27,417 (+118%), from €23,272 to €50,688
of which Trade receivables: +€15,589
- Deferred charges and accrued income +€9,084
up €9,084 (+320%), from €2,842 to €11,926
- Trade debts +€43,760
up €43,760 (+255%), from €17,150 to €60,910
- Advances received -€10,000
no longer reported in 2025 (was €10,000)
- Debts after one year +€9,200
up €9,200 (+2.0%), from €461,121 to €470,321
- Depreciation -€40,889
down €40,889 (-52.2%), from €78,343 to €37,455
- Gross operating margin +€33,837
up €33,837 (+85.2%), from €39,714 to €73,551
- Staff costs +€4,671
new in 2025: €4,671
- Financial charges +€3,708
up €3,708 (+20.6%), from €17,977 to €21,685
- Other operating charges +€1,392
up €1,392 (+16.5%), from €8,421 to €9,813
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €502,699 | €541,845 | +€39,146 | +7.8% |
| Formation expenses | 20 | €360 | - | -€360 | |
| Fixed assets | 21/28 | €474,002 | €474,900 | +€899 | +0.2% |
| Intangible fixed assets | 21 | €14,000 | €12,000 | -€2,000 | -14.3% |
| Tangible fixed assets | 22/27 | €460,002 | €462,900 | +€2,899 | +0.6% |
| Land and buildings | 22 | €440,369 | €416,038 | -€24,331 | -5.5% |
| Plant, machinery and equipment | 23 | €4,500 | €6,197 | +€1,697 | +37.7% |
| Furniture and vehicles | 24 | €9,044 | €40,665 | +€31,622 | +350% |
| Leasing and similar rights | 25 | €6,089 | - | -€6,089 | |
| Current assets | 29/58 | €28,338 | €66,945 | +€38,607 | +136% |
| Stocks and contracts in progress | 3 | €2,225 | €4,331 | +€2,106 | +94.7% |
| Stocks | 30/36 | €2,225 | €4,331 | +€2,106 | +94.7% |
| Amounts receivable within one year | 40/41 | €23,272 | €50,688 | +€27,417 | +118% |
| Trade receivables | 40 | €17,497 | €33,086 | +€15,589 | +89.1% |
| Other amounts receivable | 41 | €5,775 | €17,602 | +€11,828 | +205% |
| Deferred charges and accrued income | 490/1 | €2,842 | €11,926 | +€9,084 | +320% |
| Total equity and liabilities | 10/49 | €502,699 | €541,845 | +€39,146 | +7.8% |
| Equity | 10/15 | -€45,208 | -€46,838 | -€1,629 | -3.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€65,208 | -€66,838 | -€1,629 | -2.5% |
| Amounts payable | 17/49 | €547,908 | €588,683 | +€40,776 | +7.4% |
| Amounts payable after more than one year | 17 | €461,121 | €470,321 | +€9,200 | +2.0% |
| Financial debts | 170/4 | €461,121 | €470,321 | +€9,200 | +2.0% |
| Amounts payable within one year | 42/48 | €83,237 | €113,770 | +€30,533 | +36.7% |
| Current portion of amounts payable after more than one year | 42 | €24,283 | €23,942 | -€340 | -1.4% |
| Financial debts | 43 | €18,666 | €16,856 | -€1,810 | -9.7% |
| Credit institutions | 430/8 | €18,666 | €16,856 | -€1,810 | -9.7% |
| Trade debts | 44 | €17,150 | €60,910 | +€43,760 | +255% |
| Suppliers | 440/4 | €17,150 | €60,910 | +€43,760 | +255% |
| Advances received on contracts in progress | 46 | €10,000 | - | -€10,000 | |
| Taxes, remuneration and social security | 45 | €6,342 | €6,777 | +€435 | +6.9% |
| Taxes | 450/3 | €6,342 | €5,492 | -€850 | -13.4% |
| Remuneration and social security | 454/9 | - | €1,285 | +€1,285 | |
| Other amounts payable | 47/48 | €6,796 | €5,284 | -€1,511 | -22.2% |
| Accrued charges and deferred income | 492/3 | €3,550 | €4,593 | +€1,043 | +29.4% |
| Remuneration, social security and pensions | 62 | - | €4,671 | +€4,671 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €78,343 | €37,455 | -€40,889 | -52.2% |
| Other operating charges | 640/8 | €8,421 | €9,813 | +€1,392 | +16.5% |
| Non-recurring operating charges | 66A | - | €1,469 | +€1,469 | |
| Gross operating margin | 9900 | €39,714 | €73,551 | +€33,837 | +85.2% |
| Operating profit (loss) | 9901 | -€47,051 | €20,143 | +€67,194 | |
| Financial income | 75/76B | €57 | €143 | +€86 | +150% |
| Recurring financial income | 75 | €57 | €143 | +€86 | +150% |
| Financial charges | 65/66B | €17,977 | €21,685 | +€3,708 | +20.6% |
| Recurring financial charges | 65 | €17,977 | €21,685 | +€3,708 | +20.6% |
| Profit (loss) for the period before taxes | 9903 | -€64,971 | -€1,400 | +€63,571 | +97.8% |
| Income taxes | 67/77 | €237 | €230 | -€8 | -3.3% |
| Profit (loss) for the period | 9904 | -€65,208 | -€1,629 | +€63,579 | +97.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€65,208 | -€1,629 | +€63,579 | +97.5% |
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 16 October 2026 via checked.be.