k-sco: 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-sco
Largest movements
- Cash -€34,178
down €34,178 (-11.2%), from €304,251 to €270,073
mainly Other debts (-€81,449) and Contributions, distributions and other (-€20,961)
- Receivables within one year -€32,203
down €32,203 (-46.6%), from €69,074 to €36,871
of which Other amounts receivable: -€55,163
- Tangible fixed assets -€19,189
down €19,189 (-7.3%), from €262,604 to €243,415
- Other debts -€81,449
down €81,449 (-69.6%), from €117,062 to €35,613
- Gross operating margin -€20,839
down €20,839 (-24.6%), from €84,818 to €63,980
- Financial charges -€16,401
down €16,401 (-93.1%), from €17,625 to €1,224
- Taxes -€1,952
down €1,952 (-17.2%), from €11,374 to €9,422
- Depreciation +€1,272
up €1,272 (+4.7%), from €27,240 to €28,512
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 | €1,276,023 | €1,192,290 | -€83,734 | -6.6% |
| Fixed assets | 21/28 | €262,604 | €243,415 | -€19,189 | -7.3% |
| Tangible fixed assets | 22/27 | €262,604 | €243,415 | -€19,189 | -7.3% |
| Land and buildings | 22 | €262,604 | €243,415 | -€19,189 | -7.3% |
| Current assets | 29/58 | €1,013,419 | €948,875 | -€64,544 | -6.4% |
| Amounts receivable after more than one year | 29 | €444,818 | €447,042 | +€2,224 | +0.5% |
| Other amounts receivable | 291 | €444,818 | €447,042 | +€2,224 | +0.5% |
| Amounts receivable within one year | 40/41 | €69,074 | €36,871 | -€32,203 | -46.6% |
| Trade receivables | 40 | €7,798 | €30,758 | +€22,960 | +294% |
| Other amounts receivable | 41 | €61,276 | €6,113 | -€55,163 | -90.0% |
| Current investments | 50/53 | €194,888 | €194,888 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €304,251 | €270,073 | -€34,178 | -11.2% |
| Deferred charges and accrued income | 490/1 | €388 | - | -€388 | |
| Total equity and liabilities | 10/49 | €1,276,023 | €1,192,290 | -€83,734 | -6.6% |
| Equity | 10/15 | €1,140,447 | €1,139,676 | -€772 | -0.1% |
| Contributions | 10/11 | €556,200 | €556,200 | = | 0.0% |
| Reserves | 13 | €198,959 | €198,187 | -€772 | -0.4% |
| Distributable reserves | 133 | €198,959 | €198,187 | -€772 | -0.4% |
| Profit (loss) carried forward | 14 | €385,289 | €385,289 | = | 0.0% |
| Amounts payable | 17/49 | €135,576 | €52,614 | -€82,962 | -61.2% |
| Amounts payable within one year | 42/48 | €120,516 | €38,611 | -€81,906 | -68.0% |
| Trade debts | 44 | €493 | €34 | -€459 | -93.0% |
| Suppliers | 440/4 | €493 | €34 | -€459 | -93.0% |
| Taxes, remuneration and social security | 45 | €2,961 | €2,963 | +€2 | +0.1% |
| Taxes | 450/3 | €2,961 | €2,963 | +€2 | +0.1% |
| Other amounts payable | 47/48 | €117,062 | €35,613 | -€81,449 | -69.6% |
| Accrued charges and deferred income | 492/3 | €15,060 | €14,003 | -€1,056 | -7.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,240 | €28,512 | +€1,272 | +4.7% |
| Other operating charges | 640/8 | €7,481 | €7,739 | +€258 | +3.4% |
| Gross operating margin | 9900 | €84,818 | €63,980 | -€20,839 | -24.6% |
| Operating profit (loss) | 9901 | €50,097 | €27,729 | -€22,368 | -44.6% |
| Financial income | 75/76B | €3,275 | €3,106 | -€169 | -5.2% |
| Recurring financial income | 75 | €3,275 | €3,106 | -€169 | -5.2% |
| Financial charges | 65/66B | €17,625 | €1,224 | -€16,401 | -93.1% |
| Recurring financial charges | 65 | €17,625 | €1,224 | -€16,401 | -93.1% |
| Profit (loss) for the period before taxes | 9903 | €35,747 | €29,611 | -€6,136 | -17.2% |
| Income taxes | 67/77 | €11,374 | €9,422 | -€1,952 | -17.2% |
| Profit (loss) for the period | 9904 | €24,373 | €20,189 | -€4,184 | -17.2% |
| Profit (loss) for the period to be appropriated | 9905 | €24,373 | €20,189 | -€4,184 | -17.2% |
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 30 October 2026 via checked.be.