K.S.L.: 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.L.
Largest movements
- Cash -€17,963
down €17,963 (-71.2%), from €25,219 to €7,255
mainly Net result for the year (-€16,822) and Short-term financial debts (-€3,748)
- Deferred charges and accrued income +€2,535
up €2,535 (+545%), from €465 to €3,000
- Receivables within one year +€2,220
up €2,220 (+6.0%), from €36,898 to €39,118
of which Trade receivables: +€2,954
- Tangible fixed assets -€1,228
down €1,228 (-38.9%), from €3,158 to €1,930
- Profit (loss) carried forward -€16,822
down €16,822 (-72.1%), from €23,321 to €6,499
- Other debts +€7,644
up €7,644 (+101%), from €7,550 to €15,194
- Short-term financial debts -€3,748
no longer reported in 2025 (was €3,748)
- Tax, wage and social debts -€1,158
down €1,158 (-81.9%), from €1,414 to €256
- Gross operating margin -€1,684
down €1,684 (-17.2%), from -€9,784 to -€11,468
- Other operating charges -€1,086
down €1,086 (-48.6%), from €2,236 to €1,150
- Financial charges -€614
down €614 (-28.5%), from €2,154 to €1,540
- Financial income -€250
down €250 (-67.8%), from €368 to €119
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 | €77,164 | €62,564 | -€14,600 | -18.9% |
| Fixed assets | 21/28 | €3,779 | €2,551 | -€1,228 | -32.5% |
| Tangible fixed assets | 22/27 | €3,158 | €1,930 | -€1,228 | -38.9% |
| Furniture and vehicles | 24 | €3,158 | €1,930 | -€1,228 | -38.9% |
| Financial fixed assets | 28 | €621 | €621 | = | 0.0% |
| Current assets | 29/58 | €73,385 | €60,013 | -€13,372 | -18.2% |
| Stocks and contracts in progress | 3 | €10,803 | €10,640 | -€164 | -1.5% |
| Stocks | 30/36 | €10,803 | €10,640 | -€164 | -1.5% |
| Amounts receivable within one year | 40/41 | €36,898 | €39,118 | +€2,220 | +6.0% |
| Trade receivables | 40 | €34,812 | €37,766 | +€2,954 | +8.5% |
| Other amounts receivable | 41 | €2,086 | €1,353 | -€733 | -35.2% |
| Cash at bank and in hand | 54/58 | €25,219 | €7,255 | -€17,963 | -71.2% |
| Deferred charges and accrued income | 490/1 | €465 | €3,000 | +€2,535 | +545% |
| Total equity and liabilities | 10/49 | €77,164 | €62,564 | -€14,600 | -18.9% |
| Equity | 10/15 | €44,366 | €27,544 | -€16,822 | -37.9% |
| Contributions | 10/11 | €8,386 | €8,386 | = | 0.0% |
| Reserves | 13 | €12,659 | €12,659 | = | 0.0% |
| Distributable reserves | 133 | €12,659 | €12,659 | = | 0.0% |
| Profit (loss) carried forward | 14 | €23,321 | €6,499 | -€16,822 | -72.1% |
| Amounts payable | 17/49 | €32,798 | €35,020 | +€2,223 | +6.8% |
| Amounts payable within one year | 42/48 | €32,732 | €34,830 | +€2,097 | +6.4% |
| Financial debts | 43 | €3,748 | - | -€3,748 | |
| Credit institutions | 430/8 | €3,748 | - | -€3,748 | |
| Trade debts | 44 | €20,020 | €19,379 | -€640 | -3.2% |
| Suppliers | 440/4 | €20,020 | €19,379 | -€640 | -3.2% |
| Taxes, remuneration and social security | 45 | €1,414 | €256 | -€1,158 | -81.9% |
| Taxes | 450/3 | €1,414 | €256 | -€1,158 | -81.9% |
| Other amounts payable | 47/48 | €7,550 | €15,194 | +€7,644 | +101% |
| Accrued charges and deferred income | 492/3 | €65 | €191 | +€125 | +192% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,533 | €2,551 | +€19 | +0.7% |
| Other operating charges | 640/8 | €2,236 | €1,150 | -€1,086 | -48.6% |
| Non-recurring operating charges | 66A | €100 | - | -€100 | |
| Gross operating margin | 9900 | -€9,784 | -€11,468 | -€1,684 | -17.2% |
| Operating profit (loss) | 9901 | -€14,653 | -€15,169 | -€516 | -3.5% |
| Financial income | 75/76B | €368 | €119 | -€250 | -67.8% |
| Recurring financial income | 75 | €368 | €119 | -€250 | -67.8% |
| Financial charges | 65/66B | €2,154 | €1,540 | -€614 | -28.5% |
| Recurring financial charges | 65 | €2,154 | €1,540 | -€614 | -28.5% |
| Profit (loss) for the period before taxes | 9903 | -€16,439 | -€16,591 | -€152 | -0.9% |
| Income taxes | 67/77 | €150 | €231 | +€81 | +54.0% |
| Profit (loss) for the period | 9904 | -€16,589 | -€16,822 | -€233 | -1.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€16,589 | -€16,822 | -€233 | -1.4% |
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 26 October 2026 via checked.be.