KTTRS: 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.
KTTRS
Largest movements
- Cash +€24,002
up €24,002 (+96.8%), from €24,783 to €48,785
mainly Net result for the year (+€19,810) and Depreciation (+€16,618)
- Tangible fixed assets -€12,803
down €12,803 (-19.6%), from €65,210 to €52,407
- Receivables within one year +€9,330
up €9,330 (+70.2%), from €13,292 to €22,622
of which Other amounts receivable: +€9,451
- Deferred charges and accrued income -€7,107
down €7,107 (-97.7%), from €7,276 to €169
- Stocks and contracts -€3,424
no longer reported in 2025 (was €3,424)
- Profit (loss) carried forward +€19,810
up €19,810 (+490.1%), from €4,042 to €23,852
- Debts after one year -€15,763
down €15,763 (-36.4%), from €43,354 to €27,591
- Trade debts +€4,060
up €4,060 (+117.0%), from €3,469 to €7,529
- Other debts -€3,185
down €3,185 (-7.5%), from €42,493 to €39,308
- Current portion of long-term debt +€2,433
up €2,433 (+16.1%), from €15,106 to €17,539
- Gross operating margin +€84,419
up €84,419 (+201.1%), from €41,984 to €126,403
- Staff costs +€76,657
up €76,657 (+2198.4%), from €3,487 to €80,144
- Taxes +€4,660
up €4,660 (+3530.3%), from €132 to €4,792
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 | €115,750 | €125,134 | +€9,384 | +8.1% |
| Formation expenses | 20 | €1,036 | €691 | -€345 | -33.3% |
| Fixed assets | 21/28 | €65,939 | €52,867 | -€13,072 | -19.8% |
| Intangible fixed assets | 21 | €729 | €460 | -€269 | -36.9% |
| Tangible fixed assets | 22/27 | €65,210 | €52,407 | -€12,803 | -19.6% |
| Plant, machinery and equipment | 23 | €44,225 | €38,125 | -€6,100 | -13.8% |
| Furniture and vehicles | 24 | €19,829 | €13,684 | -€6,145 | -31.0% |
| Other tangible fixed assets | 26 | €1,156 | €598 | -€558 | -48.3% |
| Current assets | 29/58 | €48,775 | €71,576 | +€22,801 | +46.7% |
| Stocks and contracts in progress | 3 | €3,424 | - | -€3,424 | |
| Stocks | 30/36 | €3,424 | - | -€3,424 | |
| Amounts receivable within one year | 40/41 | €13,292 | €22,622 | +€9,330 | +70.2% |
| Trade receivables | 40 | €12,135 | €12,014 | -€121 | -1.0% |
| Other amounts receivable | 41 | €1,157 | €10,608 | +€9,451 | +816.9% |
| Cash at bank and in hand | 54/58 | €24,783 | €48,785 | +€24,002 | +96.8% |
| Deferred charges and accrued income | 490/1 | €7,276 | €169 | -€7,107 | -97.7% |
| Total equity and liabilities | 10/49 | €115,750 | €125,134 | +€9,384 | +8.1% |
| Equity | 10/15 | €4,542 | €24,352 | +€19,810 | +436.2% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,042 | €23,852 | +€19,810 | +490.1% |
| Amounts payable | 17/49 | €111,208 | €100,782 | -€10,426 | -9.4% |
| Amounts payable after more than one year | 17 | €43,354 | €27,591 | -€15,763 | -36.4% |
| Financial debts | 170/4 | €43,354 | €27,591 | -€15,763 | -36.4% |
| Amounts payable within one year | 42/48 | €67,854 | €73,191 | +€5,337 | +7.9% |
| Current portion of amounts payable after more than one year | 42 | €15,106 | €17,539 | +€2,433 | +16.1% |
| Trade debts | 44 | €3,469 | €7,529 | +€4,060 | +117.0% |
| Suppliers | 440/4 | €3,469 | €7,529 | +€4,060 | +117.0% |
| Taxes, remuneration and social security | 45 | €6,786 | €8,815 | +€2,029 | +29.9% |
| Taxes | 450/3 | €5,391 | €8,815 | +€3,424 | +63.5% |
| Remuneration and social security | 454/9 | €1,395 | - | -€1,395 | |
| Other amounts payable | 47/48 | €42,493 | €39,308 | -€3,185 | -7.5% |
| Remuneration, social security and pensions | 62 | €3,487 | €80,144 | +€76,657 | +2198.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,394 | €16,618 | +€1,224 | +8.0% |
| Other operating charges | 640/8 | €1,856 | €2,092 | +€236 | +12.7% |
| Gross operating margin | 9900 | €41,984 | €126,403 | +€84,419 | +201.1% |
| Operating profit (loss) | 9901 | €21,247 | €27,549 | +€6,302 | +29.7% |
| Financial income | 75/76B | €21 | - | -€21 | |
| Recurring financial income | 75 | €21 | - | -€21 | |
| Financial charges | 65/66B | €3,557 | €2,947 | -€610 | -17.1% |
| Recurring financial charges | 65 | €3,557 | €2,947 | -€610 | -17.1% |
| Profit (loss) for the period before taxes | 9903 | €17,711 | €24,602 | +€6,891 | +38.9% |
| Income taxes | 67/77 | €132 | €4,792 | +€4,660 | +3530.3% |
| Profit (loss) for the period | 9904 | €17,579 | €19,810 | +€2,231 | +12.7% |
| Profit (loss) for the period to be appropriated | 9905 | €17,579 | €19,810 | +€2,231 | +12.7% |
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 9 October 2026 via checked.be.