KTR CONSULTING: 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.
KTR CONSULTING
Largest movements
- Financial fixed assets +€74,943
up €74,943 (+58.3%), from €128,473 to €203,416
- Current investments +€45,674
up €45,674 (+146%), from €31,280 to €76,954
- Receivables within one year -€38,002
down €38,002 (-57.2%), from €66,395 to €28,394
of which Other amounts receivable: -€30,488
- Cash +€30,179
up €30,179 (+280%), from €10,794 to €40,973
mainly Net result for the year (+€210,088) and Other debts (+€70,531)
- Other debts +€70,531
up €70,531 (+59.5%), from €118,545 to €189,076
- Short-term financial debts +€41,748
new in 2025: €41,748
- Debts after one year -€6,343
down €6,343 (-33.0%), from €19,218 to €12,875
- Gross operating margin +€114,206
up €114,206 (+120%), from €94,965 to €209,171
- Financial income +€55,566
up €55,566 (+635%), from €8,757 to €64,323
- Taxes +€34,561
up €34,561 (+178%), from €19,370 to €53,931
- Financial charges +€2,615
up €2,615 (+47.1%), from €5,557 to €8,173
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 | €270,125 | €383,076 | +€112,951 | +41.8% |
| Fixed assets | 21/28 | €130,337 | €205,015 | +€74,679 | +57.3% |
| Tangible fixed assets | 22/27 | €1,863 | €1,599 | -€264 | -14.2% |
| Land and buildings | 22 | €1,863 | €1,599 | -€264 | -14.2% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Financial fixed assets | 28 | €128,473 | €203,416 | +€74,943 | +58.3% |
| Current assets | 29/58 | €139,788 | €178,060 | +€38,272 | +27.4% |
| Amounts receivable after more than one year | 29 | €28,606 | €28,607 | +€2 | 0.0% |
| Other amounts receivable | 291 | €28,606 | €28,607 | +€2 | 0.0% |
| Amounts receivable within one year | 40/41 | €66,395 | €28,394 | -€38,002 | -57.2% |
| Trade receivables | 40 | €27,513 | €20,000 | -€7,513 | -27.3% |
| Other amounts receivable | 41 | €38,882 | €8,394 | -€30,488 | -78.4% |
| Current investments | 50/53 | €31,280 | €76,954 | +€45,674 | +146% |
| Cash at bank and in hand | 54/58 | €10,794 | €40,973 | +€30,179 | +280% |
| Deferred charges and accrued income | 490/1 | €2,713 | €3,132 | +€419 | +15.4% |
| Total equity and liabilities | 10/49 | €270,125 | €383,076 | +€112,951 | +41.8% |
| Equity | 10/15 | €98,950 | €102,588 | +€3,638 | +3.7% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €96,450 | €100,088 | +€3,638 | +3.8% |
| Distributable reserves | 133 | €96,450 | €100,088 | +€3,638 | +3.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €171,175 | €280,488 | +€109,313 | +63.9% |
| Amounts payable after more than one year | 17 | €19,218 | €12,875 | -€6,343 | -33.0% |
| Financial debts | 170/4 | €19,218 | €12,875 | -€6,343 | -33.0% |
| Amounts payable within one year | 42/48 | €146,971 | €259,758 | +€112,787 | +76.7% |
| Current portion of amounts payable after more than one year | 42 | €6,280 | €6,343 | +€63 | +1.0% |
| Financial debts | 43 | - | €41,748 | +€41,748 | |
| Credit institutions | 430/8 | - | €41,748 | +€41,748 | |
| Trade debts | 44 | €2,991 | €4,204 | +€1,213 | +40.6% |
| Suppliers | 440/4 | €2,991 | €4,204 | +€1,213 | +40.6% |
| Taxes, remuneration and social security | 45 | €19,155 | €18,387 | -€768 | -4.0% |
| Taxes | 450/3 | €19,155 | €18,387 | -€768 | -4.0% |
| Other amounts payable | 47/48 | €118,545 | €189,076 | +€70,531 | +59.5% |
| Accrued charges and deferred income | 492/3 | €4,985 | €7,855 | +€2,869 | +57.6% |
| Non-recurring operating income | 76A | €653 | €0 | -€653 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €682 | €264 | -€418 | -61.3% |
| Other operating charges | 640/8 | €1,626 | €1,040 | -€586 | -36.1% |
| Gross operating margin | 9900 | €94,965 | €209,171 | +€114,206 | +120% |
| Operating profit (loss) | 9901 | €92,657 | €207,867 | +€115,210 | +124% |
| Financial income | 75/76B | €8,757 | €64,323 | +€55,566 | +635% |
| Recurring financial income | 75 | €8,757 | €64,323 | +€55,566 | +635% |
| Financial charges | 65/66B | €5,557 | €8,173 | +€2,615 | +47.1% |
| Recurring financial charges | 65 | €5,557 | €8,173 | +€2,615 | +47.1% |
| Profit (loss) for the period before taxes | 9903 | €95,858 | €264,018 | +€168,161 | +175% |
| Income taxes | 67/77 | €19,370 | €53,931 | +€34,561 | +178% |
| Profit (loss) for the period | 9904 | €76,488 | €210,088 | +€133,600 | +175% |
| Profit (loss) for the period to be appropriated | 9905 | €76,488 | €210,088 | +€133,600 | +175% |
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 20 October 2026 via checked.be.