KYD by B: 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.
KYD by B
Largest movements
- Tangible fixed assets +€181,329
up €181,329 (+32.3%), from €560,610 to €741,939
of which Land and buildings: +€176,321
- Cash -€71,477
down €71,477 (-69.0%), from €103,592 to €32,114
mainly Investment in fixed assets (net) (-€219,496) and Receivables within one year (-€20,016)
- Profit (loss) carried forward +€69,690
up €69,690 (+30.6%), from €227,591 to €297,281
- Debts after one year +€47,283
up €47,283 (+11.5%), from €410,149 to €457,432
- Financial income +€50,022
up €50,022 (+50.0%), from €100,000 to €150,022
- Depreciation +€31,678
up €31,678 (+407%), from €7,786 to €39,465
- Financial charges +€19,335
up €19,335 (+3,459%), from €559 to €19,894
- Gross operating margin -€8,867
down €8,867 (-99.3%), from -€8,928 to -€17,795
- Other operating charges +€2,497
up €2,497 (+367%), from €680 to €3,177
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 | €2,046,378 | €2,178,866 | +€132,488 | +6.5% |
| Formation expenses | 20 | €3,875 | €2,578 | -€1,298 | -33.5% |
| Fixed assets | 21/28 | €1,938,110 | €2,119,439 | +€181,329 | +9.4% |
| Tangible fixed assets | 22/27 | €560,610 | €741,939 | +€181,329 | +32.3% |
| Land and buildings | 22 | €498,675 | €674,996 | +€176,321 | +35.4% |
| Furniture and vehicles | 24 | €37,503 | €44,966 | +€7,464 | +19.9% |
| Other tangible fixed assets | 26 | €24,432 | €21,976 | -€2,456 | -10.1% |
| Financial fixed assets | 28 | €1,377,500 | €1,377,500 | = | 0.0% |
| Current assets | 29/58 | €104,393 | €56,850 | -€47,543 | -45.5% |
| Amounts receivable within one year | 40/41 | - | €20,016 | +€20,016 | |
| Trade receivables | 40 | - | €19,215 | +€19,215 | |
| Other amounts receivable | 41 | - | €801 | +€801 | |
| Cash at bank and in hand | 54/58 | €103,592 | €32,114 | -€71,477 | -69.0% |
| Deferred charges and accrued income | 490/1 | €801 | €4,719 | +€3,918 | +489% |
| Total equity and liabilities | 10/49 | €2,046,378 | €2,178,866 | +€132,488 | +6.5% |
| Equity | 10/15 | €1,565,091 | €1,634,781 | +€69,690 | +4.5% |
| Contributions | 10/11 | €1,337,500 | €1,337,500 | = | 0.0% |
| Capital | 10 | €1,337,500 | €1,337,500 | = | 0.0% |
| Issued capital | 100 | €1,337,500 | €1,337,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €227,591 | €297,281 | +€69,690 | +30.6% |
| Amounts payable | 17/49 | €481,287 | €544,085 | +€62,798 | +13.0% |
| Amounts payable after more than one year | 17 | €410,149 | €457,432 | +€47,283 | +11.5% |
| Financial debts | 170/4 | €410,149 | €457,432 | +€47,283 | +11.5% |
| Amounts payable within one year | 42/48 | €68,550 | €82,213 | +€13,664 | +19.9% |
| Current portion of amounts payable after more than one year | 42 | €59,851 | €77,717 | +€17,867 | +29.9% |
| Trade debts | 44 | €1,462 | €4,496 | +€3,034 | +208% |
| Suppliers | 440/4 | €1,462 | €4,496 | +€3,034 | +208% |
| Other amounts payable | 47/48 | €7,237 | €0 | -€7,237 | -100% |
| Accrued charges and deferred income | 492/3 | €2,588 | €4,440 | +€1,852 | +71.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,786 | €39,465 | +€31,678 | +407% |
| Other operating charges | 640/8 | €680 | €3,177 | +€2,497 | +367% |
| Gross operating margin | 9900 | -€8,928 | -€17,795 | -€8,867 | -99.3% |
| Operating profit (loss) | 9901 | -€17,395 | -€60,438 | -€43,043 | -247% |
| Financial income | 75/76B | €100,000 | €150,022 | +€50,022 | +50.0% |
| Recurring financial income | 75 | €100,000 | €150,022 | +€50,022 | +50.0% |
| Financial charges | 65/66B | €559 | €19,894 | +€19,335 | +3,459% |
| Recurring financial charges | 65 | €559 | €19,894 | +€19,335 | +3,459% |
| Profit (loss) for the period before taxes | 9903 | €82,046 | €69,690 | -€12,356 | -15.1% |
| Profit (loss) for the period | 9904 | €82,046 | €69,690 | -€12,356 | -15.1% |
| Profit (loss) for the period to be appropriated | 9905 | €82,046 | €69,690 | -€12,356 | -15.1% |
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.