KZBFin: 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.
KZBFin
Largest movements
- Cash -€24,874
down €24,874 (-56.2%), from €44,273 to €19,398
mainly Debts after one year (-€60,000) and Other debts (-€12,216)
- Receivables within one year -€22,834
down €22,834 (-76.1%), from €30,016 to €7,183
- Debts after one year -€60,000
down €60,000 (-32.4%), from €185,411 to €125,411
- Reserves +€26,780
up €26,780 (+16.6%), from €161,485 to €188,265
- Other debts -€12,216
down €12,216 (-11.3%), from €107,698 to €95,482
- Financial income -€75,041
down €75,041 (-83.3%), from €90,049 to €15,008
- Gross operating margin -€24,437
down €24,437 (-46.8%), from €52,196 to €27,758
- Taxes -€21,767
down €21,767 (-63.5%), from €34,280 to €12,513
- Financial charges -€1,992
down €1,992 (-48.1%), from €4,144 to €2,153
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 | €472,233 | €423,778 | -€48,455 | -10.3% |
| Fixed assets | 21/28 | €397,944 | €397,197 | -€747 | -0.2% |
| Tangible fixed assets | 22/27 | €747 | - | -€747 | |
| Furniture and vehicles | 24 | €747 | - | -€747 | |
| Financial fixed assets | 28 | €397,197 | €397,197 | = | 0.0% |
| Current assets | 29/58 | €74,289 | €26,581 | -€47,708 | -64.2% |
| Amounts receivable within one year | 40/41 | €30,016 | €7,183 | -€22,834 | -76.1% |
| Other amounts receivable | 41 | €30,016 | €7,183 | -€22,834 | -76.1% |
| Cash at bank and in hand | 54/58 | €44,273 | €19,398 | -€24,874 | -56.2% |
| Total equity and liabilities | 10/49 | €472,233 | €423,778 | -€48,455 | -10.3% |
| Equity | 10/15 | €166,320 | €193,101 | +€26,781 | +16.1% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €161,485 | €188,265 | +€26,780 | +16.6% |
| Distributable reserves | 133 | €161,485 | €188,265 | +€26,780 | +16.6% |
| Profit (loss) carried forward | 14 | €2,835 | €2,836 | +€1 | 0.0% |
| Amounts payable | 17/49 | €305,914 | €230,678 | -€75,236 | -24.6% |
| Amounts payable after more than one year | 17 | €185,411 | €125,411 | -€60,000 | -32.4% |
| Financial debts | 170/4 | €185,411 | €125,411 | -€60,000 | -32.4% |
| Amounts payable within one year | 42/48 | €119,753 | €104,517 | -€15,236 | -12.7% |
| Taxes, remuneration and social security | 45 | €12,055 | €9,035 | -€3,019 | -25.0% |
| Taxes | 450/3 | €12,055 | €9,035 | -€3,019 | -25.0% |
| Other amounts payable | 47/48 | €107,698 | €95,482 | -€12,216 | -11.3% |
| Accrued charges and deferred income | 492/3 | €750 | €750 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €811 | €747 | -€64 | -7.9% |
| Other operating charges | 640/8 | €182 | €573 | +€391 | +215% |
| Gross operating margin | 9900 | €52,196 | €27,758 | -€24,437 | -46.8% |
| Operating profit (loss) | 9901 | €51,202 | €26,438 | -€24,764 | -48.4% |
| Financial income | 75/76B | €90,049 | €15,008 | -€75,041 | -83.3% |
| Recurring financial income | 75 | €90,049 | €15,008 | -€75,041 | -83.3% |
| Financial charges | 65/66B | €4,144 | €2,153 | -€1,992 | -48.1% |
| Recurring financial charges | 65 | €4,144 | €2,153 | -€1,992 | -48.1% |
| Profit (loss) for the period before taxes | 9903 | €137,107 | €39,293 | -€97,813 | -71.3% |
| Income taxes | 67/77 | €34,280 | €12,513 | -€21,767 | -63.5% |
| Profit (loss) for the period | 9904 | €102,827 | €26,781 | -€76,046 | -74.0% |
| Profit (loss) for the period to be appropriated | 9905 | €102,827 | €26,781 | -€76,046 | -74.0% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.