START IT @KBC: what changed
Two fiscal 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.
START IT @KBC
Largest movements
- Cash -€514,500
down €514,500 (-45.3%), from €1.1m to €622,342
mainly Accrued charges and deferred income (-€683,938) and Receivables within one year (-€232,785)
- Receivables within one year +€232,785
up €232,785 (+150.3%), from €154,862 to €387,647
of which Trade receivables: +€230,859
- Deferred charges and accrued income +€41,727
up €41,727 (+505.9%), from €8,249 to €49,975
- Accrued charges and deferred income -€683,938
down €683,938 (-100.0%), from €684,192 to €254
- Profit (loss) carried forward +€400,090
up €400,090, from -€63,078 to €337,012
- Debts within one year +€39,745
up €39,745 (+17.9%), from €222,199 to €261,944
of which Trade debts: +€34,883
- Gross operating margin +€474,432
up €474,432, from -€35,265 to €439,167
- Other operating charges -€46,069
down €46,069 (-85.7%), from €53,749 to €7,680
- Staff costs +€27,415
new in 2025: €27,415
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.
Cash bridge derived
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 | €1,313,627 | €1,069,523 | -€244,104 | -18.6% |
| Fixed assets | 21/28 | €13,674 | €9,558 | -€4,116 | -30.1% |
| Tangible fixed assets | 22/27 | €13,674 | €9,558 | -€4,116 | -30.1% |
| Plant, machinery and equipment | 23 | €1,646 | €1,367 | -€278 | -16.9% |
| Furniture and vehicles | 24 | €12,028 | €8,191 | -€3,837 | -31.9% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €1,299,953 | €1,059,965 | -€239,988 | -18.5% |
| Amounts receivable within one year | 40/41 | €154,862 | €387,647 | +€232,785 | +150.3% |
| Trade receivables | 40 | €151,919 | €382,779 | +€230,859 | +152.0% |
| Other amounts receivable | 41 | €2,942 | €4,868 | +€1,926 | +65.4% |
| Cash at bank and in hand | 54/58 | €1,136,842 | €622,342 | -€514,500 | -45.3% |
| Deferred charges and accrued income | 490/1 | €8,249 | €49,975 | +€41,727 | +505.9% |
| Total equity and liabilities | 10/49 | €1,313,627 | €1,069,523 | -€244,104 | -18.6% |
| Equity | 10/15 | €407,235 | €807,325 | +€400,090 | +98.2% |
| Reserves | 13 | €470,313 | €470,313 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€63,078 | €337,012 | +€400,090 | |
| Amounts payable | 17/49 | €906,391 | €262,198 | -€644,193 | -71.1% |
| Amounts payable within one year | 42/48 | €222,199 | €261,944 | +€39,745 | +17.9% |
| Financial debts | 43 | €1,766 | €1,159 | -€607 | -34.4% |
| Credit institutions | 430/8 | €1,766 | €1,159 | -€607 | -34.4% |
| Trade debts | 44 | €202,571 | €237,455 | +€34,883 | +17.2% |
| Suppliers | 440/4 | €202,571 | €237,455 | +€34,883 | +17.2% |
| Taxes, remuneration and social security | 45 | €0 | €5,461 | +€5,461 | |
| Taxes | 450/3 | €0 | €747 | +€747 | |
| Remuneration and social security | 454/9 | - | €4,714 | +€4,714 | |
| Accrued charges and deferred income | 492/3 | €684,192 | €254 | -€683,938 | -100.0% |
| Remuneration, social security and pensions | 62 | - | €27,415 | +€27,415 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,173 | €4,116 | -€3,057 | -42.6% |
| Other operating charges | 640/8 | €53,749 | €7,680 | -€46,069 | -85.7% |
| Gross operating margin | 9900 | -€35,265 | €439,167 | +€474,432 | |
| Operating profit (loss) | 9901 | -€96,187 | €399,957 | +€496,144 | |
| Financial income | 75/76B | €4,348 | €237 | -€4,111 | -94.6% |
| Recurring financial income | 75 | €4,348 | €237 | -€4,111 | -94.6% |
| Financial charges | 65/66B | €371 | €104 | -€266 | -71.8% |
| Recurring financial charges | 65 | €371 | €104 | -€266 | -71.8% |
| Profit (loss) for the period before taxes | 9903 | -€92,210 | €400,090 | +€492,300 | |
| Income taxes | 67/77 | €1,304 | €0 | -€1,304 | -100.0% |
| Profit (loss) for the period | 9904 | -€93,514 | €400,090 | +€493,604 | |
| Profit (loss) for the period to be appropriated | 9905 | -€93,514 | €400,090 | +€493,604 |
Source: filed annual accounts (NBB), fiscal 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 September 2026 via checked.be.