KZ Consulting: 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 Consulting
Largest movements
- Current investments -€123,005
down €123,005 (-95.3%), from €129,005 to €6,000
- Cash +€74,331
up €74,331 (+115%), from €64,850 to €139,181
mainly Net result for the year (+€479,543) and Current investments (+€123,005)
- Reserves +€479,543
up €479,543 (+55.3%), from €867,518 to €1.3m
- Debts after one year -€394,959
down €394,959 (-41.6%), from €949,186 to €554,227
of which Other amounts payable: -€200,000
- Other debts -€173,090
down €173,090 (-40.9%), from €422,814 to €249,724
- Financial income +€91,908
up €91,908 (+26.4%), from €348,375 to €440,283
- Depreciation -€36,159
down €36,159 (-69.7%), from €51,882 to €15,723
- Financial charges +€10,052
up €10,052 (+89.4%), from €11,250 to €21,302
- Taxes +€7,478
up €7,478 (+65.6%), from €11,403 to €18,882
- Gross operating margin -€2,625
down €2,625 (-2.6%), from €100,422 to €97,797
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 | €2,514,208 | €2,447,962 | -€66,245 | -2.6% |
| Fixed assets | 21/28 | €2,233,878 | €2,209,454 | -€24,424 | -1.1% |
| Tangible fixed assets | 22/27 | €390,131 | €365,707 | -€24,424 | -6.3% |
| Land and buildings | 22 | €366,993 | €355,721 | -€11,271 | -3.1% |
| Furniture and vehicles | 24 | €15,971 | €3,995 | -€11,976 | -75.0% |
| Other tangible fixed assets | 26 | €7,167 | €5,991 | -€1,177 | -16.4% |
| Financial fixed assets | 28 | €1,843,747 | €1,843,747 | = | 0.0% |
| Current assets | 29/58 | €280,330 | €238,508 | -€41,822 | -14.9% |
| Amounts receivable within one year | 40/41 | €83,876 | €89,811 | +€5,935 | +7.1% |
| Trade receivables | 40 | €27,225 | €27,372 | +€147 | +0.5% |
| Other amounts receivable | 41 | €56,651 | €62,439 | +€5,788 | +10.2% |
| Current investments | 50/53 | €129,005 | €6,000 | -€123,005 | -95.3% |
| Cash at bank and in hand | 54/58 | €64,850 | €139,181 | +€74,331 | +115% |
| Deferred charges and accrued income | 490/1 | €2,598 | €3,516 | +€918 | +35.3% |
| Total equity and liabilities | 10/49 | €2,514,208 | €2,447,962 | -€66,245 | -2.6% |
| Equity | 10/15 | €886,118 | €1,365,661 | +€479,543 | +54.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €867,518 | €1,347,061 | +€479,543 | +55.3% |
| Distributable reserves | 133 | €867,518 | €1,347,061 | +€479,543 | +55.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,628,090 | €1,082,302 | -€545,788 | -33.5% |
| Amounts payable after more than one year | 17 | €949,186 | €554,227 | -€394,959 | -41.6% |
| Financial debts | 170/4 | €749,186 | €554,227 | -€194,959 | -26.0% |
| Other amounts payable | 178/9 | €200,000 | €0 | -€200,000 | -100% |
| Amounts payable within one year | 42/48 | €678,904 | €528,075 | -€150,830 | -22.2% |
| Current portion of amounts payable after more than one year | 42 | €242,638 | €257,126 | +€14,488 | +6.0% |
| Financial debts | 43 | €1,962 | €0 | -€1,962 | -100% |
| Credit institutions | 430/8 | €1,962 | €0 | -€1,962 | -100% |
| Trade debts | 44 | €10,029 | €4,783 | -€5,246 | -52.3% |
| Suppliers | 440/4 | €10,029 | €4,783 | -€5,246 | -52.3% |
| Taxes, remuneration and social security | 45 | €1,462 | €16,442 | +€14,980 | +1,025% |
| Taxes | 450/3 | €1,462 | €11,681 | +€10,219 | +699% |
| Remuneration and social security | 454/9 | €0 | €4,761 | +€4,761 | |
| Other amounts payable | 47/48 | €422,814 | €249,724 | -€173,090 | -40.9% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €11,765 | €4,795 | -€6,969 | -59.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,882 | €15,723 | -€36,159 | -69.7% |
| Other operating charges | 640/8 | €4,595 | €2,630 | -€1,965 | -42.8% |
| Gross operating margin | 9900 | €100,422 | €97,797 | -€2,625 | -2.6% |
| Operating profit (loss) | 9901 | €43,945 | €79,444 | +€35,499 | +80.8% |
| Financial income | 75/76B | €348,375 | €440,283 | +€91,908 | +26.4% |
| Recurring financial income | 75 | €348,375 | €440,283 | +€91,908 | +26.4% |
| Financial charges | 65/66B | €11,250 | €21,302 | +€10,052 | +89.4% |
| Recurring financial charges | 65 | €11,250 | €21,302 | +€10,052 | +89.4% |
| Profit (loss) for the period before taxes | 9903 | €381,071 | €498,425 | +€117,354 | +30.8% |
| Income taxes | 67/77 | €11,403 | €18,882 | +€7,478 | +65.6% |
| Profit (loss) for the period | 9904 | €369,667 | €479,543 | +€109,876 | +29.7% |
| Profit (loss) for the period to be appropriated | 9905 | €369,667 | €479,543 | +€109,876 | +29.7% |
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 29 October 2026 via checked.be.