K & S ASSOCIES: 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.
K & S ASSOCIES
Largest movements
- Receivables within one year -€8,943
down €8,943 (-80.2%), from €11,153 to €2,210
of which Other amounts receivable: -€10,153
- Tangible fixed assets -€4,130
down €4,130 (-33.5%), from €12,334 to €8,204
- Cash -€3,383
down €3,383 (-94.4%), from €3,583 to €200
mainly Trade debts (-€12,053) and Net result for the year (-€11,043)
- Trade debts -€12,053
down €12,053 (-66.8%), from €18,053 to €6,000
- Profit (loss) carried forward -€11,043
down €11,043, from €6,746 to -€4,297
- Other debts +€6,641
up €6,641 (+293%), from €2,270 to €8,911
- Financial income -€13,552
down €13,552 (-99.9%), from €13,563 to €11
- Depreciation +€4,074
up €4,074 (+7,220%), from €56 to €4,130
- Gross operating margin -€1,109
down €1,109 (-19.6%), from -€5,663 to -€6,772
- Other operating charges +€153
new in 2025: €153
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 | €28,069 | €11,614 | -€16,455 | -58.6% |
| Fixed assets | 21/28 | €13,334 | €9,204 | -€4,130 | -31.0% |
| Tangible fixed assets | 22/27 | €12,334 | €8,204 | -€4,130 | -33.5% |
| Furniture and vehicles | 24 | €12,334 | €8,204 | -€4,130 | -33.5% |
| Financial fixed assets | 28 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €14,736 | €2,410 | -€12,325 | -83.6% |
| Amounts receivable within one year | 40/41 | €11,153 | €2,210 | -€8,943 | -80.2% |
| Trade receivables | 40 | - | €1,210 | +€1,210 | |
| Other amounts receivable | 41 | €11,153 | €1,000 | -€10,153 | -91.0% |
| Cash at bank and in hand | 54/58 | €3,583 | €200 | -€3,383 | -94.4% |
| Total equity and liabilities | 10/49 | €28,069 | €11,614 | -€16,455 | -58.6% |
| Equity | 10/15 | €7,746 | -€3,297 | -€11,043 | |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,746 | -€4,297 | -€11,043 | |
| Amounts payable | 17/49 | €20,323 | €14,911 | -€5,412 | -26.6% |
| Amounts payable within one year | 42/48 | €20,323 | €14,911 | -€5,412 | -26.6% |
| Trade debts | 44 | €18,053 | €6,000 | -€12,053 | -66.8% |
| Suppliers | 440/4 | €18,053 | €6,000 | -€12,053 | -66.8% |
| Other amounts payable | 47/48 | €2,270 | €8,911 | +€6,641 | +293% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €56 | €4,130 | +€4,074 | +7,220% |
| Other operating charges | 640/8 | - | €153 | +€153 | |
| Gross operating margin | 9900 | -€5,663 | -€6,772 | -€1,109 | -19.6% |
| Operating profit (loss) | 9901 | -€5,719 | -€11,054 | -€5,335 | -93.3% |
| Financial income | 75/76B | €13,563 | €11 | -€13,552 | -99.9% |
| Recurring financial income | 75 | €13,563 | €11 | -€13,552 | -99.9% |
| Financial charges | 65/66B | €50 | - | -€50 | |
| Recurring financial charges | 65 | €50 | - | -€50 | |
| Profit (loss) for the period before taxes | 9903 | €7,794 | -€11,043 | -€18,837 | |
| Profit (loss) for the period | 9904 | €7,794 | -€11,043 | -€18,837 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,794 | -€11,043 | -€18,837 |
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 25 October 2026 via checked.be.