KG - IT: 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.
KG - IT
Largest movements
- Cash +€54,994
up €54,994 (+217%), from €25,398 to €80,391
mainly Net result for the year (+€31,856) and Depreciation (+€30,614)
- Tangible fixed assets -€49,652
down €49,652 (-36.2%), from €137,062 to €87,410
of which Furniture and vehicles: -€46,539
- Receivables within one year +€7,745
up €7,745 (+14.4%), from €53,675 to €61,419
of which Trade receivables: +€4,319
- Reserves +€31,856
up €31,856 (+295%), from €10,795 to €42,652
of which Distributable reserves: +€33,716
- Other debts -€16,758
down €16,758 (-15.2%), from €110,575 to €93,817
- Current portion of long-term debt -€12,796
down €12,796 (-60.6%), from €21,101 to €8,305
- Trade debts +€7,313
up €7,313 (+27.8%), from €26,292 to €33,604
- Tax, wage and social debts +€5,890
up €5,890 (+266%), from €2,210 to €8,100
- Financial charges -€36,958
down €36,958 (-96.6%), from €38,260 to €1,302
- Gross operating margin -€29,901
down €29,901 (-20.8%), from €143,738 to €113,837
- Depreciation +€8,662
up €8,662 (+39.5%), from €21,952 to €30,614
- Taxes +€7,574
up €7,574 (+36.3%), from €20,848 to €28,422
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 | €258,419 | €273,879 | +€15,459 | +6.0% |
| Fixed assets | 21/28 | €137,862 | €88,210 | -€49,652 | -36.0% |
| Tangible fixed assets | 22/27 | €137,062 | €87,410 | -€49,652 | -36.2% |
| Plant, machinery and equipment | 23 | €2,000 | €1,345 | -€655 | -32.8% |
| Furniture and vehicles | 24 | €126,508 | €79,969 | -€46,539 | -36.8% |
| Other tangible fixed assets | 26 | €8,554 | €6,096 | -€2,458 | -28.7% |
| Financial fixed assets | 28 | €800 | €800 | = | 0.0% |
| Current assets | 29/58 | €120,557 | €185,668 | +€65,112 | +54.0% |
| Stocks and contracts in progress | 3 | €39,735 | €39,735 | = | 0.0% |
| Stocks | 30/36 | €39,735 | €39,735 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €53,675 | €61,419 | +€7,745 | +14.4% |
| Trade receivables | 40 | €53,023 | €57,341 | +€4,319 | +8.1% |
| Other amounts receivable | 41 | €652 | €4,078 | +€3,426 | +526% |
| Cash at bank and in hand | 54/58 | €25,398 | €80,391 | +€54,994 | +217% |
| Deferred charges and accrued income | 490/1 | €1,750 | €4,123 | +€2,373 | +136% |
| Total equity and liabilities | 10/49 | €258,419 | €273,879 | +€15,459 | +6.0% |
| Equity | 10/15 | €23,195 | €55,052 | +€31,856 | +137% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €10,795 | €42,652 | +€31,856 | +295% |
| Non-distributable reserves | 130/1 | €1,860 | €0 | -€1,860 | -100% |
| Reserves not available under the articles | 1311 | €1,860 | €0 | -€1,860 | -100% |
| Distributable reserves | 133 | €8,935 | €42,652 | +€33,716 | +377% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €235,224 | €218,827 | -€16,397 | -7.0% |
| Amounts payable after more than one year | 17 | €75,000 | €75,000 | = | 0.0% |
| Financial debts | 170/4 | €75,000 | €75,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €160,179 | €143,827 | -€16,352 | -10.2% |
| Current portion of amounts payable after more than one year | 42 | €21,101 | €8,305 | -€12,796 | -60.6% |
| Trade debts | 44 | €26,292 | €33,604 | +€7,313 | +27.8% |
| Suppliers | 440/4 | €26,292 | €33,604 | +€7,313 | +27.8% |
| Taxes, remuneration and social security | 45 | €2,210 | €8,100 | +€5,890 | +266% |
| Taxes | 450/3 | €2,210 | €8,100 | +€5,890 | +266% |
| Other amounts payable | 47/48 | €110,575 | €93,817 | -€16,758 | -15.2% |
| Accrued charges and deferred income | 492/3 | €45 | €0 | -€45 | -100% |
| Non-recurring operating income | 76A | €37,190 | €0 | -€37,190 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,952 | €30,614 | +€8,662 | +39.5% |
| Other operating charges | 640/8 | €2,659 | €1,814 | -€845 | -31.8% |
| Non-recurring operating charges | 66A | - | €19,828 | +€19,828 | |
| Gross operating margin | 9900 | €143,738 | €113,837 | -€29,901 | -20.8% |
| Operating profit (loss) | 9901 | €119,126 | €61,581 | -€57,546 | -48.3% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €38,260 | €1,302 | -€36,958 | -96.6% |
| Recurring financial charges | 65 | €38,260 | €1,302 | -€36,958 | -96.6% |
| Profit (loss) for the period before taxes | 9903 | €80,866 | €60,278 | -€20,588 | -25.5% |
| Income taxes | 67/77 | €20,848 | €28,422 | +€7,574 | +36.3% |
| Profit (loss) for the period | 9904 | €60,018 | €31,856 | -€28,162 | -46.9% |
| Profit (loss) for the period to be appropriated | 9905 | €60,018 | €31,856 | -€28,162 | -46.9% |
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 18 October 2026 via checked.be.