K.S.: 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.
K.S.
Largest movements
- Cash -€15,180
down €15,180 (-34.2%), from €44,340 to €29,160
mainly Net result for the year (-€37,639) and Investment in fixed assets (net) (-€5,440)
- Tangible fixed assets -€2,981
down €2,981 (-16.9%), from €17,678 to €14,697
of which Other tangible fixed assets: -€2,297
- Stocks and contracts +€2,459
up €2,459 (+62.6%), from €3,924 to €6,383
- Receivables within one year +€1,220
up €1,220 (+29.7%), from €4,115 to €5,335
- Profit (loss) carried forward -€37,639
down €37,639 (-55.6%), from -€67,702 to -€105,341
- Other debts +€15,083
up €15,083 (+18.0%), from €83,694 to €98,776
- Trade debts +€12,647
up €12,647 (+73.7%), from €17,165 to €29,812
- Tax, wage and social debts -€4,573
down €4,573 (-20.9%), from €21,901 to €17,328
of which Taxes: -€10,253
- Gross operating margin -€71,742
down €71,742 (-55.7%), from €128,758 to €57,016
- Staff costs -€2,391
down €2,391 (-2.7%), from €87,101 to €84,710
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 | €70,058 | €55,575 | -€14,483 | -20.7% |
| Fixed assets | 21/28 | €17,678 | €14,697 | -€2,981 | -16.9% |
| Tangible fixed assets | 22/27 | €17,678 | €14,697 | -€2,981 | -16.9% |
| Furniture and vehicles | 24 | €8,490 | €7,806 | -€684 | -8.1% |
| Other tangible fixed assets | 26 | €9,188 | €6,891 | -€2,297 | -25.0% |
| Current assets | 29/58 | €52,379 | €40,878 | -€11,501 | -22.0% |
| Stocks and contracts in progress | 3 | €3,924 | €6,383 | +€2,459 | +62.6% |
| Stocks | 30/36 | €3,924 | €6,383 | +€2,459 | +62.6% |
| Amounts receivable within one year | 40/41 | €4,115 | €5,335 | +€1,220 | +29.7% |
| Trade receivables | 40 | €4,115 | €5,335 | +€1,220 | +29.7% |
| Cash at bank and in hand | 54/58 | €44,340 | €29,160 | -€15,180 | -34.2% |
| Total equity and liabilities | 10/49 | €70,058 | €55,575 | -€14,483 | -20.7% |
| Equity | 10/15 | -€52,702 | -€90,341 | -€37,639 | -71.4% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€67,702 | -€105,341 | -€37,639 | -55.6% |
| Amounts payable | 17/49 | €122,759 | €145,916 | +€23,157 | +18.9% |
| Amounts payable within one year | 42/48 | €122,759 | €145,916 | +€23,157 | +18.9% |
| Trade debts | 44 | €17,165 | €29,812 | +€12,647 | +73.7% |
| Suppliers | 440/4 | €17,165 | €29,812 | +€12,647 | +73.7% |
| Taxes, remuneration and social security | 45 | €21,901 | €17,328 | -€4,573 | -20.9% |
| Taxes | 450/3 | €11,294 | €1,041 | -€10,253 | -90.8% |
| Remuneration and social security | 454/9 | €10,606 | €16,286 | +€5,680 | +53.6% |
| Other amounts payable | 47/48 | €83,694 | €98,776 | +€15,083 | +18.0% |
| Remuneration, social security and pensions | 62 | €87,101 | €84,710 | -€2,391 | -2.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,333 | €8,421 | +€1,088 | +14.8% |
| Other operating charges | 640/8 | €202 | €1,299 | +€1,097 | +542.4% |
| Gross operating margin | 9900 | €128,758 | €57,016 | -€71,742 | -55.7% |
| Operating profit (loss) | 9901 | €34,122 | -€37,414 | -€71,536 | |
| Financial charges | 65/66B | €182 | €225 | +€43 | +23.8% |
| Recurring financial charges | 65 | €182 | €225 | +€43 | +23.8% |
| Profit (loss) for the period before taxes | 9903 | €33,940 | -€37,639 | -€71,579 | |
| Profit (loss) for the period | 9904 | €33,940 | -€37,639 | -€71,579 | |
| Profit (loss) for the period to be appropriated | 9905 | €33,940 | -€37,639 | -€71,579 |
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 6 October 2026 via checked.be.