KTRZ: 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.
KTRZ
Largest movements
- Cash -€2,788
down €2,788 (-33.2%), from €8,391 to €5,604
mainly Net result for the year (-€7,270) and Receivables within one year (-€2,266)
- Tangible fixed assets -€2,742
down €2,742 (-22.7%), from €12,088 to €9,346
of which Furniture and vehicles: -€2,012
- Receivables within one year +€2,266
up €2,266 (+12.4%), from €18,226 to €20,492
- Profit (loss) carried forward -€7,270
down €7,270 (-37.5%), from €19,386 to €12,116
- Tax, wage and social debts +€2,483
up €2,483 (+15.5%), from €16,007 to €18,491
of which Taxes: +€2,533
- Trade debts +€2,245
up €2,245 (+18.2%), from €12,369 to €14,614
- Other debts -€1,358
down €1,358 (-3.7%), from €36,631 to €35,273
- Gross operating margin +€34,474
up €34,474 (+90,887%), from €38 to €34,512
- Staff costs +€30,154
up €30,154 (+1,123%), from €2,686 to €32,840
- Other operating charges +€4,062
up €4,062 (+1,910%), from €213 to €4,275
- Depreciation +€362
up €362 (+15.2%), from €2,380 to €2,742
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 | €85,893 | €81,993 | -€3,900 | -4.5% |
| Fixed assets | 21/28 | €12,293 | €9,551 | -€2,742 | -22.3% |
| Tangible fixed assets | 22/27 | €12,088 | €9,346 | -€2,742 | -22.7% |
| Land and buildings | 22 | €6,286 | €5,556 | -€730 | -11.6% |
| Furniture and vehicles | 24 | €5,801 | €3,790 | -€2,012 | -34.7% |
| Financial fixed assets | 28 | €205 | €205 | = | 0.0% |
| Current assets | 29/58 | €73,600 | €72,442 | -€1,158 | -1.6% |
| Stocks and contracts in progress | 3 | €46,346 | €46,346 | = | 0.0% |
| Stocks | 30/36 | €46,346 | €46,346 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €18,226 | €20,492 | +€2,266 | +12.4% |
| Trade receivables | 40 | €18,226 | €20,492 | +€2,266 | +12.4% |
| Cash at bank and in hand | 54/58 | €8,391 | €5,604 | -€2,788 | -33.2% |
| Deferred charges and accrued income | 490/1 | €636 | - | -€636 | |
| Total equity and liabilities | 10/49 | €85,893 | €81,993 | -€3,900 | -4.5% |
| Equity | 10/15 | €20,886 | €13,616 | -€7,270 | -34.8% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €19,386 | €12,116 | -€7,270 | -37.5% |
| Amounts payable | 17/49 | €65,007 | €68,377 | +€3,370 | +5.2% |
| Amounts payable within one year | 42/48 | €65,007 | €68,377 | +€3,370 | +5.2% |
| Trade debts | 44 | €12,369 | €14,614 | +€2,245 | +18.2% |
| Suppliers | 440/4 | €12,369 | €14,614 | +€2,245 | +18.2% |
| Taxes, remuneration and social security | 45 | €16,007 | €18,491 | +€2,483 | +15.5% |
| Taxes | 450/3 | €6,715 | €9,248 | +€2,533 | +37.7% |
| Remuneration and social security | 454/9 | €9,292 | €9,243 | -€50 | -0.5% |
| Other amounts payable | 47/48 | €36,631 | €35,273 | -€1,358 | -3.7% |
| Remuneration, social security and pensions | 62 | €2,686 | €32,840 | +€30,154 | +1,123% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,380 | €2,742 | +€362 | +15.2% |
| Other operating charges | 640/8 | €213 | €4,275 | +€4,062 | +1,910% |
| Gross operating margin | 9900 | €38 | €34,512 | +€34,474 | +90,887% |
| Operating profit (loss) | 9901 | -€5,240 | -€5,345 | -€105 | -2.0% |
| Financial income | 75/76B | €112 | €107 | -€5 | -4.5% |
| Recurring financial income | 75 | €112 | €107 | -€5 | -4.5% |
| Financial charges | 65/66B | €1,998 | €2,032 | +€33 | +1.7% |
| Recurring financial charges | 65 | €1,998 | €2,032 | +€33 | +1.7% |
| Profit (loss) for the period before taxes | 9903 | -€7,127 | -€7,270 | -€144 | -2.0% |
| Profit (loss) for the period | 9904 | -€7,127 | -€7,270 | -€144 | -2.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,127 | -€7,270 | -€144 | -2.0% |
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 13 October 2026 via checked.be.