KX CONCEPT: what changed
KX CONCEPT
Largest movements
- Tangible fixed assets +€9,155
up €9,155 (+4.6%), from €200,676 to €209,831
of which Furniture and vehicles: +€28,837
- Receivables within one year -€6,822
down €6,822 (-34.1%), from €19,984 to €13,163
of which Trade receivables: -€8,876
- Cash -€5,215
down €5,215 (-36.4%), from €14,322 to €9,107
mainly Investment in fixed assets (net) (-€32,239) and Debts after one year (-€10,977)
- Profit (loss) carried forward +€12,314
up €12,314 (+6.2%), from -€199,089 to -€186,774
- Debts after one year -€10,977
down €10,977 (-7.3%), from €149,847 to €138,870
- Other debts -€9,812
down €9,812 (-78.2%), from €12,544 to €2,732
- Trade debts +€3,897
up €3,897 (+586%), from €665 to €4,561
- Gross operating margin +€16,654
up €16,654 (+42.5%), from €39,173 to €55,827
- Taxes +€4,728
up €4,728 (+2,169%), from €218 to €4,946
- Other operating charges +€4,073
up €4,073 (+105%), from €3,897 to €7,969
- Depreciation +€3,341
up €3,341 (+16.5%), from €20,215 to €23,556
- Financial charges -€2,774
down €2,774 (-28.2%), from €9,830 to €7,056
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €273,155 | €270,500 | -€2,655 | -1.0% |
| Fixed assets | 21/28 | €202,873 | €211,557 | +€8,684 | +4.3% |
| Intangible fixed assets | 21 | €2,017 | €1,726 | -€291 | -14.4% |
| Tangible fixed assets | 22/27 | €200,676 | €209,831 | +€9,155 | +4.6% |
| Land and buildings | 22 | €198,375 | €179,964 | -€18,411 | -9.3% |
| Plant, machinery and equipment | 23 | €2,301 | €1,030 | -€1,271 | -55.2% |
| Furniture and vehicles | 24 | - | €28,837 | +€28,837 | |
| Financial fixed assets | 28 | €180 | - | -€180 | |
| Current assets | 29/58 | €70,282 | €58,943 | -€11,339 | -16.1% |
| Stocks and contracts in progress | 3 | €33,068 | €31,501 | -€1,567 | -4.7% |
| Stocks | 30/36 | €33,068 | €31,501 | -€1,567 | -4.7% |
| Amounts receivable within one year | 40/41 | €19,984 | €13,163 | -€6,822 | -34.1% |
| Trade receivables | 40 | €19,984 | €11,109 | -€8,876 | -44.4% |
| Other amounts receivable | 41 | - | €2,054 | +€2,054 | |
| Cash at bank and in hand | 54/58 | €14,322 | €9,107 | -€5,215 | -36.4% |
| Deferred charges and accrued income | 490/1 | €2,908 | €5,172 | +€2,264 | +77.9% |
| Total equity and liabilities | 10/49 | €273,155 | €270,500 | -€2,655 | -1.0% |
| Equity | 10/15 | €96,725 | €109,040 | +€12,314 | +12.7% |
| Contributions | 10/11 | €77,403 | €77,403 | = | 0.0% |
| Contributions outside capital | 11 | €77,403 | - | -€77,403 | |
| Share premium | 1100/10 | €77,403 | - | -€77,403 | |
| Revaluation surpluses | 12 | €200,000 | €200,000 | = | 0.0% |
| Reserves | 13 | €18,411 | €18,411 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,411 | €18,411 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€199,089 | -€186,774 | +€12,314 | +6.2% |
| Amounts payable | 17/49 | €176,430 | €161,460 | -€14,970 | -8.5% |
| Amounts payable after more than one year | 17 | €149,847 | €138,870 | -€10,977 | -7.3% |
| Financial debts | 170/4 | €149,847 | €138,870 | -€10,977 | -7.3% |
| Amounts payable within one year | 42/48 | €26,583 | €22,590 | -€3,993 | -15.0% |
| Current portion of amounts payable after more than one year | 42 | €12,474 | €11,955 | -€519 | -4.2% |
| Trade debts | 44 | €665 | €4,561 | +€3,897 | +586% |
| Suppliers | 440/4 | €665 | €4,561 | +€3,897 | +586% |
| Taxes, remuneration and social security | 45 | €900 | €3,342 | +€2,441 | +271% |
| Taxes | 450/3 | €900 | €3,342 | +€2,441 | +271% |
| Other amounts payable | 47/48 | €12,544 | €2,732 | -€9,812 | -78.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,215 | €23,556 | +€3,341 | +16.5% |
| Other operating charges | 640/8 | €3,897 | €7,969 | +€4,073 | +105% |
| Non-recurring operating charges | 66A | - | €217 | +€217 | |
| Gross operating margin | 9900 | €39,173 | €55,827 | +€16,654 | +42.5% |
| Operating profit (loss) | 9901 | €15,062 | €24,085 | +€9,023 | +59.9% |
| Financial income | 75/76B | €2,680 | €231 | -€2,448 | -91.4% |
| Recurring financial income | 75 | €2,680 | €231 | -€2,448 | -91.4% |
| Financial charges | 65/66B | €9,830 | €7,056 | -€2,774 | -28.2% |
| Recurring financial charges | 65 | €9,830 | €7,056 | -€2,774 | -28.2% |
| Profit (loss) for the period before taxes | 9903 | €7,912 | €17,261 | +€9,349 | +118% |
| Income taxes | 67/77 | €218 | €4,946 | +€4,728 | +2,169% |
| Profit (loss) for the period | 9904 | €7,694 | €12,314 | +€4,621 | +60.1% |
| Profit (loss) for the period to be appropriated | 9905 | €7,694 | €12,314 | +€4,621 | +60.1% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.