K.S.E.K. Legacy: 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.E.K. Legacy
Largest movements
- Cash +€44,216
up €44,216 (+604%), from €7,326 to €51,542
mainly Net result for the year (+€30,729) and Tax, wage and social debts (+€24,557)
- Formation expenses -€3,019
down €3,019 (-100%), from €3,019 to €0
- Tangible fixed assets -€1,888
down €1,888 (-14.3%), from €13,165 to €11,276
of which Furniture and vehicles: -€1,697
- Receivables within one year -€908
no longer reported in 2025 (was €908)
- Profit (loss) carried forward +€30,729
up €30,729, from -€5,570 to €25,159
- Tax, wage and social debts +€24,557
up €24,557 (+243%), from €10,102 to €34,659
of which Taxes: +€21,419
- Other debts -€16,280
no longer reported in 2025 (was €16,280)
- Gross operating margin +€52,526
up €52,526, from -€3,080 to €49,446
- Taxes +€9,535
up €9,535 (+11,128%), from €86 to €9,620
- Depreciation +€5,824
new in 2025: €5,824
- Financial charges +€533
up €533 (+24.7%), from €2,159 to €2,692
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 | €24,417 | €62,818 | +€38,401 | +157% |
| Formation expenses | 20 | €3,019 | €0 | -€3,019 | -100% |
| Fixed assets | 21/28 | €13,165 | €11,276 | -€1,888 | -14.3% |
| Tangible fixed assets | 22/27 | €13,165 | €11,276 | -€1,888 | -14.3% |
| Furniture and vehicles | 24 | €11,248 | €9,552 | -€1,697 | -15.1% |
| Other tangible fixed assets | 26 | €1,916 | €1,725 | -€192 | -10.0% |
| Current assets | 29/58 | €8,234 | €51,542 | +€43,308 | +526% |
| Amounts receivable within one year | 40/41 | €908 | - | -€908 | |
| Other amounts receivable | 41 | €908 | - | -€908 | |
| Cash at bank and in hand | 54/58 | €7,326 | €51,542 | +€44,216 | +604% |
| Total equity and liabilities | 10/49 | €24,417 | €62,818 | +€38,401 | +157% |
| Equity | 10/15 | -€2,570 | €28,159 | +€30,729 | |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,570 | €25,159 | +€30,729 | |
| Amounts payable | 17/49 | €26,987 | €34,659 | +€7,672 | +28.4% |
| Amounts payable within one year | 42/48 | €26,987 | €34,659 | +€7,672 | +28.4% |
| Trade debts | 44 | €605 | - | -€605 | |
| Suppliers | 440/4 | €605 | - | -€605 | |
| Taxes, remuneration and social security | 45 | €10,102 | €34,659 | +€24,557 | +243% |
| Taxes | 450/3 | €4,357 | €25,776 | +€21,419 | +492% |
| Remuneration and social security | 454/9 | €5,745 | €8,883 | +€3,138 | +54.6% |
| Other amounts payable | 47/48 | €16,280 | - | -€16,280 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €5,824 | +€5,824 | |
| Other operating charges | 640/8 | €245 | €581 | +€336 | +137% |
| Gross operating margin | 9900 | -€3,080 | €49,446 | +€52,526 | |
| Operating profit (loss) | 9901 | -€3,325 | €43,041 | +€46,366 | |
| Financial income | 75/76B | €0 | €0 | = | 0.0% |
| Recurring financial income | 75 | €0 | €0 | = | 0.0% |
| Financial charges | 65/66B | €2,159 | €2,692 | +€533 | +24.7% |
| Recurring financial charges | 65 | €2,159 | €2,692 | +€533 | +24.7% |
| Profit (loss) for the period before taxes | 9903 | -€5,484 | €40,349 | +€45,833 | |
| Income taxes | 67/77 | €86 | €9,620 | +€9,535 | +11,128% |
| Profit (loss) for the period | 9904 | -€5,570 | €30,729 | +€36,299 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,570 | €30,729 | +€36,299 |
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 22 October 2026 via checked.be.