KDC GROUP: 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.
KDC GROUP
Largest movements
- Tangible fixed assets -€26,507
down €26,507 (-3.9%), from €680,192 to €653,685
of which Land and buildings: -€22,483
- Receivables within one year +€13,135
up €13,135 (+15.2%), from €86,146 to €99,281
of which Trade receivables: +€23,766
- Debts after one year -€69,804
down €69,804 (-27.1%), from €257,435 to €187,631
- Profit (loss) carried forward +€48,702
up €48,702 (+12.8%), from €381,919 to €430,621
- Trade debts -€19,645
down €19,645 (-37.1%), from €52,969 to €33,325
- Current portion of long-term debt +€18,858
up €18,858 (+48.2%), from €39,117 to €57,975
- Other debts +€10,003
up €10,003 (+22.6%), from €44,319 to €54,323
- Gross operating margin +€89,503
up €89,503 (+45.5%), from €196,624 to €286,127
- Other operating charges -€28,532
down €28,532 (-52.3%), from €54,590 to €26,057
- Staff costs +€27,458
up €27,458 (+19.6%), from €140,249 to €167,707
- Taxes +€5,301
up €5,301 (+1,391%), from €381 to €5,682
- Financial charges +€4,732
up €4,732 (+48.6%), from €9,736 to €14,468
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 | €820,896 | €809,279 | -€11,618 | -1.4% |
| Fixed assets | 21/28 | €680,232 | €653,725 | -€26,507 | -3.9% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €680,192 | €653,685 | -€26,507 | -3.9% |
| Land and buildings | 22 | €669,632 | €647,149 | -€22,483 | -3.4% |
| Plant, machinery and equipment | 23 | €4,446 | €2,477 | -€1,969 | -44.3% |
| Furniture and vehicles | 24 | €6,114 | €4,059 | -€2,055 | -33.6% |
| Financial fixed assets | 28 | €40 | €40 | = | 0.0% |
| Current assets | 29/58 | €140,664 | €155,554 | +€14,889 | +10.6% |
| Amounts receivable within one year | 40/41 | €86,146 | €99,281 | +€13,135 | +15.2% |
| Trade receivables | 40 | €65,569 | €89,335 | +€23,766 | +36.2% |
| Other amounts receivable | 41 | €20,577 | €9,946 | -€10,631 | -51.7% |
| Cash at bank and in hand | 54/58 | €49,720 | €45,778 | -€3,942 | -7.9% |
| Deferred charges and accrued income | 490/1 | €4,798 | €10,495 | +€5,697 | +119% |
| Total equity and liabilities | 10/49 | €820,896 | €809,279 | -€11,618 | -1.4% |
| Equity | 10/15 | €389,974 | €438,676 | +€48,702 | +12.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €1,855 | €1,855 | = | 0.0% |
| Profit (loss) carried forward | 14 | €381,919 | €430,621 | +€48,702 | +12.8% |
| Amounts payable | 17/49 | €430,922 | €370,603 | -€60,319 | -14.0% |
| Amounts payable after more than one year | 17 | €257,435 | €187,631 | -€69,804 | -27.1% |
| Financial debts | 170/4 | €257,435 | €187,631 | -€69,804 | -27.1% |
| Amounts payable within one year | 42/48 | €173,488 | €182,972 | +€9,485 | +5.5% |
| Current portion of amounts payable after more than one year | 42 | €39,117 | €57,975 | +€18,858 | +48.2% |
| Trade debts | 44 | €52,969 | €33,325 | -€19,645 | -37.1% |
| Suppliers | 440/4 | €52,969 | €33,325 | -€19,645 | -37.1% |
| Taxes, remuneration and social security | 45 | €37,082 | €37,350 | +€268 | +0.7% |
| Taxes | 450/3 | €18,907 | €18,640 | -€267 | -1.4% |
| Remuneration and social security | 454/9 | €18,175 | €18,710 | +€535 | +2.9% |
| Other amounts payable | 47/48 | €44,319 | €54,323 | +€10,003 | +22.6% |
| Remuneration, social security and pensions | 62 | €140,249 | €167,707 | +€27,458 | +19.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,820 | €28,463 | -€1,357 | -4.6% |
| Other operating charges | 640/8 | €54,590 | €26,057 | -€28,532 | -52.3% |
| Gross operating margin | 9900 | €196,624 | €286,127 | +€89,503 | +45.5% |
| Operating profit (loss) | 9901 | -€28,035 | €63,900 | +€91,935 | |
| Financial income | 75/76B | €881 | €4,951 | +€4,071 | +462% |
| Recurring financial income | 75 | €881 | €4,951 | +€4,071 | +462% |
| Financial charges | 65/66B | €9,736 | €14,468 | +€4,732 | +48.6% |
| Recurring financial charges | 65 | €9,736 | €14,468 | +€4,732 | +48.6% |
| Profit (loss) for the period before taxes | 9903 | -€36,890 | €54,383 | +€91,273 | |
| Income taxes | 67/77 | €381 | €5,682 | +€5,301 | +1,391% |
| Profit (loss) for the period | 9904 | -€37,271 | €48,702 | +€85,973 | |
| Profit (loss) for the period to be appropriated | 9905 | -€37,271 | €48,702 | +€85,973 |
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.