KZ Concepts: 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.
KZ Concepts
Largest movements
- Receivables within one year -€79,438
down €79,438 (-45.1%), from €176,186 to €96,748
of which Other amounts receivable: -€84,808
- Profit (loss) carried forward -€126,081
down €126,081, from €51,849 to -€74,232
- Other debts +€34,173
new in 2025: €34,173
- Tax, wage and social debts +€6,923
up €6,923 (+9.1%), from €76,427 to €83,350
of which Remuneration and social security: +€6,687
- Trade debts +€5,546
up €5,546 (+27.2%), from €20,410 to €25,956
- Gross operating margin +€60,791
up €60,791 (+20.7%), from €293,077 to €353,867
- Staff costs +€50,642
up €50,642 (+11.8%), from €429,201 to €479,843
- Financial income -€5,584
down €5,584 (-76.6%), from €7,288 to €1,705
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €176,186 | €96,748 | -€79,438 | -45.1% |
| Current assets | 29/58 | €176,186 | €96,748 | -€79,438 | -45.1% |
| Amounts receivable within one year | 40/41 | €176,186 | €96,748 | -€79,438 | -45.1% |
| Trade receivables | 40 | €91,200 | €96,569 | +€5,369 | +5.9% |
| Other amounts receivable | 41 | €84,986 | €178 | -€84,808 | -99.8% |
| Total equity and liabilities | 10/49 | €176,186 | €96,748 | -€79,438 | -45.1% |
| Equity | 10/15 | €79,349 | -€46,732 | -€126,081 | |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Capital | 10 | €25,000 | €25,000 | = | 0.0% |
| Issued capital | 100 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €2,500 | €2,500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,500 | €2,500 | = | 0.0% |
| Legal reserve | 130 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €51,849 | -€74,232 | -€126,081 | |
| Amounts payable | 17/49 | €96,837 | €143,480 | +€46,643 | +48.2% |
| Amounts payable within one year | 42/48 | €96,837 | €143,480 | +€46,643 | +48.2% |
| Trade debts | 44 | €20,410 | €25,956 | +€5,546 | +27.2% |
| Suppliers | 440/4 | €20,410 | €25,956 | +€5,546 | +27.2% |
| Taxes, remuneration and social security | 45 | €76,427 | €83,350 | +€6,923 | +9.1% |
| Taxes | 450/3 | €4,909 | €5,145 | +€236 | +4.8% |
| Remuneration and social security | 454/9 | €71,518 | €78,205 | +€6,687 | +9.4% |
| Other amounts payable | 47/48 | - | €34,173 | +€34,173 | |
| Non-recurring operating income | 76A | €11,250 | €30,000 | +€18,750 | +167% |
| Remuneration, social security and pensions | 62 | €429,201 | €479,843 | +€50,642 | +11.8% |
| Other operating charges | 640/8 | €455 | €465 | +€10 | +2.2% |
| Gross operating margin | 9900 | €293,077 | €353,867 | +€60,791 | +20.7% |
| Operating profit (loss) | 9901 | -€136,579 | -€126,441 | +€10,139 | +7.4% |
| Financial income | 75/76B | €7,288 | €1,705 | -€5,584 | -76.6% |
| Recurring financial income | 75 | €7,288 | €1,705 | -€5,584 | -76.6% |
| Financial charges | 65/66B | €121 | €123 | +€2 | +1.5% |
| Recurring financial charges | 65 | €121 | €123 | +€2 | +1.5% |
| Profit (loss) for the period before taxes | 9903 | -€129,412 | -€124,859 | +€4,553 | +3.5% |
| Income taxes | 67/77 | €1,010 | €1,222 | +€212 | +21.0% |
| Profit (loss) for the period | 9904 | -€130,422 | -€126,081 | +€4,341 | +3.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€130,422 | -€126,081 | +€4,341 | +3.3% |
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 29 October 2026 via checked.be.