"KBA Value": 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.
"KBA Value"
Largest movements
- Receivables within one year -€2,312
down €2,312 (-58.8%), from €3,931 to €1,619
of which Trade receivables: -€2,348
- Cash +€2,310
up €2,310 (+88.7%), from €2,603 to €4,913
mainly Receivables within one year (+€2,312) and Net result for the year (+€1,560)
- Tangible fixed assets -€207
no longer reported in 2025 (was €207)
- Trade debts -€1,596
down €1,596 (-33.2%), from €4,813 to €3,217
- Profit (loss) carried forward +€1,560
up €1,560 (+30.2%), from -€5,161 to -€3,601
- Other debts -€173
down €173 (-21.1%), from €821 to €648
- Gross operating margin -€3,265
down €3,265 (-59.1%), from €5,521 to €2,256
- Depreciation -€223
down €223 (-51.9%), from €430 to €207
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 | €6,741 | €6,532 | -€209 | -3.1% |
| Fixed assets | 21/28 | €207 | - | -€207 | |
| Tangible fixed assets | 22/27 | €207 | - | -€207 | |
| Furniture and vehicles | 24 | €207 | - | -€207 | |
| Current assets | 29/58 | €6,534 | €6,532 | -€2 | 0.0% |
| Amounts receivable within one year | 40/41 | €3,931 | €1,619 | -€2,312 | -58.8% |
| Trade receivables | 40 | €3,076 | €728 | -€2,348 | -76.3% |
| Other amounts receivable | 41 | €855 | €891 | +€36 | +4.2% |
| Cash at bank and in hand | 54/58 | €2,603 | €4,913 | +€2,310 | +88.7% |
| Total equity and liabilities | 10/49 | €6,741 | €6,532 | -€209 | -3.1% |
| Equity | 10/15 | €1,107 | €2,667 | +€1,560 | +141% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €68 | €68 | = | 0.0% |
| Non-distributable reserves | 130/1 | €68 | €68 | = | 0.0% |
| Reserves not available under the articles | 1311 | €68 | €68 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,161 | -€3,601 | +€1,560 | +30.2% |
| Amounts payable | 17/49 | €5,634 | €3,865 | -€1,769 | -31.4% |
| Amounts payable within one year | 42/48 | €5,634 | €3,865 | -€1,769 | -31.4% |
| Trade debts | 44 | €4,813 | €3,217 | -€1,596 | -33.2% |
| Suppliers | 440/4 | €4,813 | €3,217 | -€1,596 | -33.2% |
| Other amounts payable | 47/48 | €821 | €648 | -€173 | -21.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €430 | €207 | -€223 | -51.9% |
| Other operating charges | 640/8 | €403 | €450 | +€47 | +11.7% |
| Gross operating margin | 9900 | €5,521 | €2,256 | -€3,265 | -59.1% |
| Operating profit (loss) | 9901 | €4,688 | €1,599 | -€3,089 | -65.9% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €44 | €40 | -€4 | -9.1% |
| Recurring financial charges | 65 | €44 | €40 | -€4 | -9.1% |
| Profit (loss) for the period before taxes | 9903 | €4,644 | €1,560 | -€3,084 | -66.4% |
| Profit (loss) for the period | 9904 | €4,644 | €1,560 | -€3,084 | -66.4% |
| Profit (loss) for the period to be appropriated | 9905 | €4,644 | €1,560 | -€3,084 | -66.4% |
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 20 October 2026 via checked.be.