KZR Management: 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.
KZR Management
Largest movements
- Deferred charges and accrued income -€10,000
no longer reported in 2025 (was €10,000)
- Receivables within one year +€2,202
up €2,202 (+122%), from €1,798 to €4,000
of which Trade receivables: +€3,107
- Cash +€133
up €133 (+11.6%), from €1,144 to €1,278
mainly Deferred charges and accrued income (+€10,000) and Other debts (+€8,000)
- Profit (loss) carried forward -€14,755
down €14,755 (-179%), from -€8,246 to -€23,001
- Other debts +€8,000
up €8,000 (+51.5%), from €15,548 to €23,548
- Trade debts -€910
down €910 (-55.5%), from €1,640 to €730
- Gross operating margin -€10,653
down €10,653 (-426%), from -€2,502 to -€13,155
- Other operating charges +€730
up €730 (+91.4%), from €798 to €1,528
- Financial charges -€292
down €292 (-80.0%), from €365 to €73
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 | €12,942 | €5,278 | -€7,665 | -59.2% |
| Current assets | 29/58 | €12,942 | €5,278 | -€7,665 | -59.2% |
| Amounts receivable within one year | 40/41 | €1,798 | €4,000 | +€2,202 | +122% |
| Trade receivables | 40 | €893 | €4,000 | +€3,107 | +348% |
| Other amounts receivable | 41 | €905 | - | -€905 | |
| Cash at bank and in hand | 54/58 | €1,144 | €1,278 | +€133 | +11.6% |
| Deferred charges and accrued income | 490/1 | €10,000 | - | -€10,000 | |
| Total equity and liabilities | 10/49 | €12,942 | €5,278 | -€7,665 | -59.2% |
| Equity | 10/15 | -€4,246 | -€19,001 | -€14,755 | -347% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€8,246 | -€23,001 | -€14,755 | -179% |
| Amounts payable | 17/49 | €17,189 | €24,279 | +€7,090 | +41.2% |
| Amounts payable within one year | 42/48 | €17,189 | €24,279 | +€7,090 | +41.2% |
| Trade debts | 44 | €1,640 | €730 | -€910 | -55.5% |
| Suppliers | 440/4 | €1,640 | €730 | -€910 | -55.5% |
| Other amounts payable | 47/48 | €15,548 | €23,548 | +€8,000 | +51.5% |
| Other operating charges | 640/8 | €798 | €1,528 | +€730 | +91.4% |
| Gross operating margin | 9900 | -€2,502 | -€13,155 | -€10,653 | -426% |
| Operating profit (loss) | 9901 | -€3,301 | -€14,683 | -€11,383 | -345% |
| Financial income | 75/76B | - | €2 | +€2 | |
| Recurring financial income | 75 | - | €2 | +€2 | |
| Financial charges | 65/66B | €365 | €73 | -€292 | -80.0% |
| Recurring financial charges | 65 | €365 | €73 | -€292 | -80.0% |
| Profit (loss) for the period before taxes | 9903 | -€3,665 | -€14,755 | -€11,089 | -303% |
| Profit (loss) for the period | 9904 | -€3,665 | -€14,755 | -€11,089 | -303% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,665 | -€14,755 | -€11,089 | -303% |
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 28 October 2026 via checked.be.