K.S. Mgt: 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. Mgt
Largest movements
- Receivables within one year -€242,191
down €242,191 (-96.3%), from €251,388 to €9,197
of which Trade receivables: -€248,585
- Cash -€90,417
down €90,417 (-81.5%), from €110,953 to €20,536
mainly Other debts (-€160,378) and Net result for the year (-€122,040)
- Other debts -€160,378
down €160,378 (-99.6%), from €161,041 to €664
- Profit (loss) carried forward -€122,040
down €122,040 (-76.7%), from €159,070 to €37,030
- Provisions -€35,246
down €35,246 (-1.2%), from €2.8m to €2.8m
- Gross operating margin -€159,563
down €159,563 (-77.3%), from €206,521 to €46,957
- Provisions -€35,246
new in 2025: -€35,246
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 | €3,198,064 | €2,865,456 | -€332,608 | -10.4% |
| Fixed assets | 21/28 | €2,835,724 | €2,835,724 | = | 0.0% |
| Financial fixed assets | 28 | €2,835,724 | €2,835,724 | = | 0.0% |
| Current assets | 29/58 | €362,341 | €29,733 | -€332,608 | -91.8% |
| Amounts receivable within one year | 40/41 | €251,388 | €9,197 | -€242,191 | -96.3% |
| Trade receivables | 40 | €250,394 | €1,809 | -€248,585 | -99.3% |
| Other amounts receivable | 41 | €994 | €7,388 | +€6,394 | +643% |
| Cash at bank and in hand | 54/58 | €110,953 | €20,536 | -€90,417 | -81.5% |
| Total equity and liabilities | 10/49 | €3,198,064 | €2,865,456 | -€332,608 | -10.4% |
| Equity | 10/15 | €171,070 | €49,030 | -€122,040 | -71.3% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €159,070 | €37,030 | -€122,040 | -76.7% |
| Provisions and deferred taxes | 16 | €2,835,724 | €2,800,478 | -€35,246 | -1.2% |
| Provisions for liabilities and charges | 160/5 | €2,835,724 | €2,800,478 | -€35,246 | -1.2% |
| Other liabilities and charges | 164/5 | €2,835,724 | €2,800,478 | -€35,246 | -1.2% |
| Amounts payable | 17/49 | €191,270 | €15,949 | -€175,322 | -91.7% |
| Amounts payable within one year | 42/48 | €191,270 | €15,949 | -€175,322 | -91.7% |
| Trade debts | 44 | €9,534 | €3,622 | -€5,912 | -62.0% |
| Suppliers | 440/4 | €9,534 | €3,622 | -€5,912 | -62.0% |
| Taxes, remuneration and social security | 45 | €20,695 | €11,663 | -€9,032 | -43.6% |
| Taxes | 450/3 | €20,695 | €11,663 | -€9,032 | -43.6% |
| Other amounts payable | 47/48 | €161,041 | €664 | -€160,378 | -99.6% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | -€35,246 | -€35,246 | |
| Other operating charges | 640/8 | €387 | €998 | +€611 | +158% |
| Gross operating margin | 9900 | €206,521 | €46,957 | -€159,563 | -77.3% |
| Operating profit (loss) | 9901 | €206,133 | €81,205 | -€124,929 | -60.6% |
| Financial income | 75/76B | - | €213 | +€213 | |
| Recurring financial income | 75 | - | €213 | +€213 | |
| Financial charges | 65/66B | €203,403 | €203,458 | +€56 | 0.0% |
| Recurring financial charges | 65 | €203,403 | €203,458 | +€56 | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €2,731 | -€122,040 | -€124,771 | |
| Income taxes | 67/77 | €595 | - | -€595 | |
| Profit (loss) for the period | 9904 | €2,135 | -€122,040 | -€124,176 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,135 | -€122,040 | -€124,176 |
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 24 October 2026 via checked.be.