B.K.S.: 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.
B.K.S.
Largest movements
- Stocks and contracts -€652,114
down €652,114 (-74.7%), from €873,021 to €220,907
- Financial fixed assets -€582,924
down €582,924 (-99.6%), from €585,260 to €2,336
- Receivables within one year -€543,166
down €543,166 (-18.3%), from €3.0m to €2.4m
of which Other amounts receivable: -€742,930
- Tangible fixed assets -€487,062
down €487,062 (-22.1%), from €2.2m to €1.7m
of which Leasing and similar rights: -€284,005
- Cash -€82,179
down €82,179 (-64.8%), from €126,900 to €44,721
mainly Contributions, distributions and other (-€1.7m) and Debts after one year (-€574,615)
- Contributions -€1.8m
down €1.8m (-49.1%), from €3.6m to €1.8m
of which Capital: -€1.8m
- Debts after one year -€574,615
down €574,615 (-27.2%), from €2.1m to €1.5m
of which Financial debts: -€574,615
- Profit (loss) carried forward -€115,103
down €115,103 (-24.5%), from -€470,091 to -€585,194
- Trade debts +€70,857
up €70,857 (+16.1%), from €440,533 to €511,391
- Write-downs +€244,166
up €244,166 (+100.0%), from -€244,214 to -€48
- Staff costs -€213,764
down €213,764 (-15.3%), from €1.4m to €1.2m
- Gross operating margin +€20,889
up €20,889 (+1.3%), from €1.6m to €1.6m
- Financial income +€20,853
up €20,853 (+24.9%), from €83,723 to €104,576
- Depreciation -€19,256
down €19,256 (-3.5%), from €546,502 to €527,246
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 | €6,851,096 | €4,455,387 | -€2.4m | -35.0% |
| Fixed assets | 21/28 | €2,793,632 | €1,723,646 | -€1.1m | -38.3% |
| Tangible fixed assets | 22/27 | €2,208,372 | €1,721,310 | -€487,062 | -22.1% |
| Land and buildings | 22 | €1,026,772 | €939,552 | -€87,220 | -8.5% |
| Plant, machinery and equipment | 23 | €262,920 | €190,364 | -€72,556 | -27.6% |
| Furniture and vehicles | 24 | €101,624 | €58,343 | -€43,281 | -42.6% |
| Leasing and similar rights | 25 | €817,056 | €533,051 | -€284,005 | -34.8% |
| Financial fixed assets | 28 | €585,260 | €2,336 | -€582,924 | -99.6% |
| Current assets | 29/58 | €4,057,463 | €2,731,741 | -€1.3m | -32.7% |
| Stocks and contracts in progress | 3 | €873,021 | €220,907 | -€652,114 | -74.7% |
| Stocks | 30/36 | €873,021 | €220,907 | -€652,114 | -74.7% |
| Amounts receivable within one year | 40/41 | €2,963,374 | €2,420,208 | -€543,166 | -18.3% |
| Trade receivables | 40 | €956,803 | €1,156,567 | +€199,764 | +20.9% |
| Other amounts receivable | 41 | €2,006,571 | €1,263,641 | -€742,930 | -37.0% |
| Cash at bank and in hand | 54/58 | €126,900 | €44,721 | -€82,179 | -64.8% |
| Deferred charges and accrued income | 490/1 | €94,169 | €45,906 | -€48,263 | -51.3% |
| Total equity and liabilities | 10/49 | €6,851,096 | €4,455,387 | -€2.4m | -35.0% |
| Equity | 10/15 | €3,489,070 | €1,653,954 | -€1.8m | -52.6% |
| Contributions | 10/11 | €3,564,149 | €1,814,149 | -€1.8m | -49.1% |
| Capital | 10 | €2,926,588 | €1,176,588 | -€1.8m | -59.8% |
| Issued capital | 100 | €2,926,588 | €1,176,588 | -€1.8m | -59.8% |
| Contributions outside capital | 11 | €637,562 | €637,562 | = | 0.0% |
| Share premium | 1100/10 | €637,562 | €637,562 | = | 0.0% |
| Reserves | 13 | €320,331 | €320,331 | = | 0.0% |
| Non-distributable reserves | 130/1 | €196,384 | €196,384 | = | 0.0% |
| Legal reserve | 130 | €196,384 | €196,384 | = | 0.0% |
| Distributable reserves | 133 | €123,947 | €123,947 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€470,091 | -€585,194 | -€115,103 | -24.5% |
| Investment grants | 15 | €74,681 | €104,668 | +€29,987 | +40.2% |
| Provisions and deferred taxes | 16 | €103,654 | €103,640 | -€14 | 0.0% |
| Provisions for liabilities and charges | 160/5 | €102,000 | €102,000 | = | 0.0% |
| Other liabilities and charges | 164/5 | €102,000 | €102,000 | = | 0.0% |
| Deferred taxes | 168 | €1,654 | €1,640 | -€14 | -0.9% |
| Amounts payable | 17/49 | €3,258,372 | €2,697,793 | -€560,579 | -17.2% |
| Amounts payable after more than one year | 17 | €2,113,592 | €1,538,977 | -€574,615 | -27.2% |
| Financial debts | 170/4 | €2,111,342 | €1,536,727 | -€574,615 | -27.2% |
| Other amounts payable | 178/9 | €2,250 | €2,250 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,125,792 | €1,157,712 | +€31,919 | +2.8% |
| Current portion of amounts payable after more than one year | 42 | €575,359 | €566,734 | -€8,625 | -1.5% |
| Trade debts | 44 | €440,533 | €511,391 | +€70,857 | +16.1% |
| Suppliers | 440/4 | €440,533 | €511,391 | +€70,857 | +16.1% |
| Taxes, remuneration and social security | 45 | €109,900 | €79,587 | -€30,313 | -27.6% |
| Taxes | 450/3 | €7,571 | €4,306 | -€3,266 | -43.1% |
| Remuneration and social security | 454/9 | €102,329 | €75,281 | -€27,047 | -26.4% |
| Accrued charges and deferred income | 492/3 | €18,988 | €1,105 | -€17,883 | -94.2% |
| Non-recurring operating income | 76A | - | €276,482 | +€276,482 | |
| Remuneration, social security and pensions | 62 | €1,400,752 | €1,186,988 | -€213,764 | -15.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €546,502 | €527,246 | -€19,256 | -3.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€244,214 | -€48 | +€244,166 | +100.0% |
| Other operating charges | 640/8 | €29,139 | €29,617 | +€478 | +1.6% |
| Non-recurring operating charges | 66A | €4,066 | €9,784 | +€5,718 | +141% |
| Gross operating margin | 9900 | €1,583,119 | €1,604,008 | +€20,889 | +1.3% |
| Operating profit (loss) | 9901 | -€153,126 | -€149,579 | +€3,547 | +2.3% |
| Financial income | 75/76B | €83,723 | €104,576 | +€20,853 | +24.9% |
| Recurring financial income | 75 | €83,723 | €104,576 | +€20,853 | +24.9% |
| Financial charges | 65/66B | €50,441 | €68,807 | +€18,366 | +36.4% |
| Recurring financial charges | 65 | €50,441 | €68,807 | +€18,366 | +36.4% |
| Profit (loss) for the period before taxes | 9903 | -€119,844 | -€113,810 | +€6,034 | +5.0% |
| Transfer from deferred taxes | 780 | €14 | €14 | = | 0.0% |
| Income taxes | 67/77 | €828 | €1,307 | +€479 | +57.9% |
| Profit (loss) for the period | 9904 | -€120,657 | -€115,103 | +€5,555 | +4.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€120,657 | -€115,103 | +€5,555 | +4.6% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.