K & S Security: 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 Security
Largest movements
- Receivables within one year +€359,604
up €359,604 (+31.3%), from €1.2m to €1.5m
of which Trade receivables: +€324,950
- Cash +€207,177
up €207,177 (+50.3%), from €411,892 to €619,068
mainly Trade debts (+€389,725) and Net result for the year (+€293,094)
- Stocks and contracts -€25,965
down €25,965 (-16.4%), from €158,586 to €132,621
of which Stocks: -€57,259
- Trade debts +€389,725
up €389,725 (+430%), from €90,673 to €480,398
- Reserves +€293,094
up €293,094 (+25.8%), from €1.1m to €1.4m
of which Distributable reserves: +€293,094
- Other debts -€109,732
down €109,732 (-98.4%), from €111,526 to €1,794
- Debts after one year -€73,398
down €73,398 (-12.6%), from €583,789 to €510,391
of which Other amounts payable: -€66,180
- Gross operating margin +€149,395
up €149,395 (+24.1%), from €619,501 to €768,896
- Taxes +€29,716
up €29,716 (+27.0%), from €110,132 to €139,849
- Staff costs +€28,855
up €28,855 (+11.2%), from €257,259 to €286,113
- Financial charges +€25,228
up €25,228 (+1,487%), from €1,697 to €26,925
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 | €2,013,591 | €2,539,992 | +€526,402 | +26.1% |
| Fixed assets | 21/28 | €66,115 | €45,980 | -€20,136 | -30.5% |
| Intangible fixed assets | 21 | €1,366 | - | -€1,366 | |
| Tangible fixed assets | 22/27 | €64,750 | €44,717 | -€20,033 | -30.9% |
| Plant, machinery and equipment | 23 | €4,995 | €3,091 | -€1,904 | -38.1% |
| Furniture and vehicles | 24 | €59,755 | €41,626 | -€18,129 | -30.3% |
| Financial fixed assets | 28 | - | €1,263 | +€1,263 | |
| Current assets | 29/58 | €1,947,475 | €2,494,013 | +€546,537 | +28.1% |
| Stocks and contracts in progress | 3 | €158,586 | €132,621 | -€25,965 | -16.4% |
| Stocks | 30/36 | €96,086 | €38,828 | -€57,259 | -59.6% |
| Contracts in progress | 37 | €62,500 | €93,793 | +€31,293 | +50.1% |
| Amounts receivable within one year | 40/41 | €1,150,402 | €1,510,006 | +€359,604 | +31.3% |
| Trade receivables | 40 | €1,063,804 | €1,388,754 | +€324,950 | +30.5% |
| Other amounts receivable | 41 | €86,598 | €121,251 | +€34,654 | +40.0% |
| Current investments | 50/53 | €218,577 | €219,756 | +€1,179 | +0.5% |
| Cash at bank and in hand | 54/58 | €411,892 | €619,068 | +€207,177 | +50.3% |
| Deferred charges and accrued income | 490/1 | €8,018 | €12,562 | +€4,544 | +56.7% |
| Total equity and liabilities | 10/49 | €2,013,591 | €2,539,992 | +€526,402 | +26.1% |
| Equity | 10/15 | €1,154,374 | €1,447,468 | +€293,094 | +25.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €1,134,374 | €1,427,468 | +€293,094 | +25.8% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €1,115,624 | €1,408,718 | +€293,094 | +26.3% |
| Amounts payable | 17/49 | €859,217 | €1,092,525 | +€233,308 | +27.2% |
| Amounts payable after more than one year | 17 | €583,789 | €510,391 | -€73,398 | -12.6% |
| Financial debts | 170/4 | €7,217 | - | -€7,217 | |
| Other amounts payable | 178/9 | €576,572 | €510,391 | -€66,180 | -11.5% |
| Amounts payable within one year | 42/48 | €274,903 | €579,917 | +€305,014 | +111% |
| Current portion of amounts payable after more than one year | 42 | €10,583 | €7,217 | -€3,366 | -31.8% |
| Trade debts | 44 | €90,673 | €480,398 | +€389,725 | +430% |
| Suppliers | 440/4 | €90,673 | €480,398 | +€389,725 | +430% |
| Advances received on contracts in progress | 46 | €2,879 | €6,445 | +€3,567 | +124% |
| Taxes, remuneration and social security | 45 | €59,243 | €84,063 | +€24,820 | +41.9% |
| Taxes | 450/3 | €30,479 | €52,138 | +€21,659 | +71.1% |
| Remuneration and social security | 454/9 | €28,764 | €31,925 | +€3,161 | +11.0% |
| Other amounts payable | 47/48 | €111,526 | €1,794 | -€109,732 | -98.4% |
| Accrued charges and deferred income | 492/3 | €525 | €2,216 | +€1,692 | +322% |
| Remuneration, social security and pensions | 62 | €257,259 | €286,113 | +€28,855 | +11.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,406 | €24,640 | +€1,234 | +5.3% |
| Other operating charges | 640/8 | €2,599 | €2,918 | +€319 | +12.3% |
| Gross operating margin | 9900 | €619,501 | €768,896 | +€149,395 | +24.1% |
| Operating profit (loss) | 9901 | €336,237 | €455,223 | +€118,986 | +35.4% |
| Financial income | 75/76B | €3,874 | €4,643 | +€770 | +19.9% |
| Recurring financial income | 75 | €3,874 | €4,643 | +€770 | +19.9% |
| Financial charges | 65/66B | €1,697 | €26,925 | +€25,228 | +1,487% |
| Recurring financial charges | 65 | €1,697 | €26,925 | +€25,228 | +1,487% |
| Profit (loss) for the period before taxes | 9903 | €338,414 | €432,942 | +€94,528 | +27.9% |
| Income taxes | 67/77 | €110,132 | €139,849 | +€29,716 | +27.0% |
| Profit (loss) for the period | 9904 | €228,282 | €293,094 | +€64,812 | +28.4% |
| Profit (loss) for the period to be appropriated | 9905 | €228,282 | €293,094 | +€64,812 | +28.4% |
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 14 October 2026 via checked.be.