SRL KFD: 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.
SRL KFD
Largest movements
- Intangible fixed assets -€24,000
down €24,000 (-47.0%), from €51,025 to €27,025
- Receivables within one year +€17,224
up €17,224 (+338%), from €5,092 to €22,316
- Cash +€7,876
up €7,876 (+19.1%), from €41,189 to €49,065
mainly Depreciation (+€31,349) and Net result for the year (+€23,746)
- Tangible fixed assets -€2,260
down €2,260 (-14.9%), from €15,149 to €12,889
of which Plant, machinery and equipment: -€3,894
- Deferred charges and accrued income +€1,340
up €1,340 (+10.4%), from €12,897 to €14,237
- Debts after one year -€20,953
down €20,953 (-52.5%), from €39,941 to €18,989
- Other debts +€14,000
new in 2025: €14,000
- Reserves +€9,700
up €9,700 (+18.8%), from €51,600 to €61,300
- Tax, wage and social debts -€1,688
down €1,688 (-17.8%), from €9,465 to €7,778
- Trade debts -€1,500
down €1,500 (-53.0%), from €2,831 to €1,330
- Gross operating margin -€6,387
down €6,387 (-8.3%), from €77,317 to €70,930
- Taxes -€3,257
down €3,257 (-22.8%), from €14,295 to €11,038
- Depreciation -€1,913
down €1,913 (-5.8%), from €33,263 to €31,349
- Financial charges -€878
down €878 (-17.4%), from €5,055 to €4,177
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 | €125,352 | €125,531 | +€180 | +0.1% |
| Fixed assets | 21/28 | €66,174 | €39,913 | -€26,260 | -39.7% |
| Intangible fixed assets | 21 | €51,025 | €27,025 | -€24,000 | -47.0% |
| Tangible fixed assets | 22/27 | €15,149 | €12,889 | -€2,260 | -14.9% |
| Plant, machinery and equipment | 23 | €12,711 | €8,817 | -€3,894 | -30.6% |
| Furniture and vehicles | 24 | €2,438 | €4,072 | +€1,634 | +67.0% |
| Other tangible fixed assets | 26 | - | €0 | = | |
| Current assets | 29/58 | €59,178 | €85,618 | +€26,440 | +44.7% |
| Amounts receivable within one year | 40/41 | €5,092 | €22,316 | +€17,224 | +338% |
| Other amounts receivable | 41 | €5,092 | €22,316 | +€17,224 | +338% |
| Cash at bank and in hand | 54/58 | €41,189 | €49,065 | +€7,876 | +19.1% |
| Deferred charges and accrued income | 490/1 | €12,897 | €14,237 | +€1,340 | +10.4% |
| Total equity and liabilities | 10/49 | €125,352 | €125,531 | +€180 | +0.1% |
| Equity | 10/15 | €52,737 | €62,482 | +€9,746 | +18.5% |
| Contributions | 10/11 | €600 | €600 | = | 0.0% |
| Reserves | 13 | €51,600 | €61,300 | +€9,700 | +18.8% |
| Distributable reserves | 133 | €51,600 | €61,300 | +€9,700 | +18.8% |
| Profit (loss) carried forward | 14 | €537 | €582 | +€46 | +8.5% |
| Amounts payable | 17/49 | €72,615 | €63,049 | -€9,566 | -13.2% |
| Amounts payable after more than one year | 17 | €39,941 | €18,989 | -€20,953 | -52.5% |
| Financial debts | 170/4 | €39,941 | €18,989 | -€20,953 | -52.5% |
| Amounts payable within one year | 42/48 | €32,674 | €44,061 | +€11,387 | +34.8% |
| Current portion of amounts payable after more than one year | 42 | €20,378 | €20,953 | +€575 | +2.8% |
| Trade debts | 44 | €2,831 | €1,330 | -€1,500 | -53.0% |
| Suppliers | 440/4 | €2,831 | €1,330 | -€1,500 | -53.0% |
| Taxes, remuneration and social security | 45 | €9,465 | €7,778 | -€1,688 | -17.8% |
| Taxes | 450/3 | €9,465 | €7,778 | -€1,688 | -17.8% |
| Other amounts payable | 47/48 | - | €14,000 | +€14,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,263 | €31,349 | -€1,913 | -5.8% |
| Other operating charges | 640/8 | €2,304 | €1,547 | -€757 | -32.8% |
| Gross operating margin | 9900 | €77,317 | €70,930 | -€6,387 | -8.3% |
| Operating profit (loss) | 9901 | €41,751 | €38,033 | -€3,717 | -8.9% |
| Financial income | 75/76B | €306 | €927 | +€621 | +203% |
| Recurring financial income | 75 | €306 | €927 | +€621 | +203% |
| Financial charges | 65/66B | €5,055 | €4,177 | -€878 | -17.4% |
| Recurring financial charges | 65 | €5,055 | €4,177 | -€878 | -17.4% |
| Profit (loss) for the period before taxes | 9903 | €37,002 | €34,784 | -€2,218 | -6.0% |
| Income taxes | 67/77 | €14,295 | €11,038 | -€3,257 | -22.8% |
| Profit (loss) for the period | 9904 | €22,707 | €23,746 | +€1,039 | +4.6% |
| Profit (loss) for the period to be appropriated | 9905 | €22,707 | €23,746 | +€1,039 | +4.6% |
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.