K.S.K.: 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.K.
Largest movements
- Receivables within one year +€111,334
up €111,334 (+552.8%), from €20,141 to €131,475
of which Other amounts receivable: +€89,074
- Cash -€39,200
down €39,200 (-39.3%), from €99,724 to €60,524
mainly Receivables within one year (-€111,334) and Current portion of long-term debt (-€87,253)
- Reserves +€95,000
up €95,000 (+31.7%), from €299,859 to €394,859
of which Distributable reserves: +€95,000
- Current portion of long-term debt -€87,253
down €87,253 (-72.2%), from €120,900 to €33,647
- Debts after one year +€67,248
up €67,248 (+57.1%), from €117,808 to €185,056
- Financial income -€44,236
down €44,236 (-31.2%), from €141,736 to €97,500
- Depreciation -€15,680
no longer reported in 2025 (was €15,680)
- Gross operating margin -€1,184
down €1,184 (-5.1%), from €23,238 to €22,054
- Financial charges -€692
down €692 (-7.5%), from €9,266 to €8,575
- Other operating charges +€655
up €655 (+19.3%), from €3,391 to €4,046
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 | €1,796,936 | €1,871,981 | +€75,045 | +4.2% |
| Fixed assets | 21/28 | €1,677,071 | €1,677,071 | = | 0.0% |
| Tangible fixed assets | 22/27 | €457,071 | €457,071 | = | 0.0% |
| Land and buildings | 22 | €457,071 | €457,071 | = | 0.0% |
| Financial fixed assets | 28 | €1,220,000 | €1,220,000 | = | 0.0% |
| Current assets | 29/58 | €119,865 | €194,910 | +€75,045 | +62.6% |
| Amounts receivable within one year | 40/41 | €20,141 | €131,475 | +€111,334 | +552.8% |
| Trade receivables | 40 | €3,780 | €26,040 | +€22,260 | +588.9% |
| Other amounts receivable | 41 | €16,361 | €105,435 | +€89,074 | +544.4% |
| Cash at bank and in hand | 54/58 | €99,724 | €60,524 | -€39,200 | -39.3% |
| Deferred charges and accrued income | 490/1 | - | €2,911 | +€2,911 | |
| Total equity and liabilities | 10/49 | €1,796,936 | €1,871,981 | +€75,045 | +4.2% |
| Equity | 10/15 | €1,543,988 | €1,639,967 | +€95,979 | +6.2% |
| Contributions | 10/11 | €1,168,592 | €1,168,592 | = | 0.0% |
| Reserves | 13 | €299,859 | €394,859 | +€95,000 | +31.7% |
| Non-distributable reserves | 130/1 | €41,859 | €41,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €41,859 | €41,859 | = | 0.0% |
| Distributable reserves | 133 | €258,000 | €353,000 | +€95,000 | +36.8% |
| Profit (loss) carried forward | 14 | €75,537 | €76,516 | +€979 | +1.3% |
| Amounts payable | 17/49 | €252,948 | €232,014 | -€20,934 | -8.3% |
| Amounts payable after more than one year | 17 | €117,808 | €185,056 | +€67,248 | +57.1% |
| Financial debts | 170/4 | €117,808 | €185,056 | +€67,248 | +57.1% |
| Amounts payable within one year | 42/48 | €134,590 | €46,958 | -€87,632 | -65.1% |
| Current portion of amounts payable after more than one year | 42 | €120,900 | €33,647 | -€87,253 | -72.2% |
| Trade debts | 44 | €785 | €3,506 | +€2,722 | +346.8% |
| Suppliers | 440/4 | €785 | €3,506 | +€2,722 | +346.8% |
| Taxes, remuneration and social security | 45 | €11,649 | €8,810 | -€2,839 | -24.4% |
| Taxes | 450/3 | €11,649 | €8,810 | -€2,839 | -24.4% |
| Other amounts payable | 47/48 | €1,256 | €995 | -€261 | -20.8% |
| Accrued charges and deferred income | 492/3 | €550 | - | -€550 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,680 | - | -€15,680 | |
| Other operating charges | 640/8 | €3,391 | €4,046 | +€655 | +19.3% |
| Gross operating margin | 9900 | €23,238 | €22,054 | -€1,184 | -5.1% |
| Operating profit (loss) | 9901 | €4,168 | €18,009 | +€13,841 | +332.1% |
| Financial income | 75/76B | €141,736 | €97,500 | -€44,236 | -31.2% |
| Recurring financial income | 75 | €141,736 | €97,500 | -€44,236 | -31.2% |
| Financial charges | 65/66B | €9,266 | €8,575 | -€692 | -7.5% |
| Recurring financial charges | 65 | €9,266 | €8,575 | -€692 | -7.5% |
| Profit (loss) for the period before taxes | 9903 | €136,637 | €106,934 | -€29,703 | -21.7% |
| Income taxes | 67/77 | €11,500 | €10,955 | -€545 | -4.7% |
| Profit (loss) for the period | 9904 | €125,137 | €95,979 | -€29,158 | -23.3% |
| Profit (loss) for the period to be appropriated | 9905 | €125,137 | €95,979 | -€29,158 | -23.3% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.