K-Systemes: 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-Systemes
Largest movements
- Receivables within one year +€18,260
up €18,260 (+38.0%), from €48,033 to €66,293
of which Trade receivables: +€12,863
- Cash +€12,671
up €12,671 (+224%), from €5,653 to €18,324
mainly Net result for the year (+€18,762) and Tax, wage and social debts (+€15,064)
- Deferred charges and accrued income +€4,598
up €4,598 (+879%), from €523 to €5,121
- Profit (loss) carried forward +€18,762
up €18,762 (+56.8%), from €33,010 to €51,772
- Tax, wage and social debts +€15,064
up €15,064 (+139%), from €10,828 to €25,892
of which Remuneration and social security: +€9,781
- Trade debts +€7,691
up €7,691 (+232%), from €3,320 to €11,010
- Other debts -€6,247
no longer reported in 2025 (was €6,247)
- Debts after one year -€3,077
down €3,077 (-62.0%), from €4,966 to €1,888
- Staff costs +€9,244
up €9,244 (+23.1%), from €40,085 to €49,328
- Financial charges +€2,964
up €2,964 (+860%), from €345 to €3,309
- Depreciation +€2,203
up €2,203 (+96.0%), from €2,296 to €4,499
- Taxes -€1,237
down €1,237 (-19.0%), from €6,520 to €5,283
- Other operating charges +€1,117
up €1,117 (+86.6%), from €1,289 to €2,406
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 | €67,257 | €102,640 | +€35,384 | +52.6% |
| Fixed assets | 21/28 | €12,368 | €11,353 | -€1,015 | -8.2% |
| Intangible fixed assets | 21 | €2,548 | €1,948 | -€600 | -23.6% |
| Tangible fixed assets | 22/27 | €9,594 | €9,179 | -€415 | -4.3% |
| Plant, machinery and equipment | 23 | - | €1,541 | +€1,541 | |
| Furniture and vehicles | 24 | €9,594 | €7,638 | -€1,956 | -20.4% |
| Financial fixed assets | 28 | €226 | €226 | = | 0.0% |
| Current assets | 29/58 | €54,889 | €91,287 | +€36,399 | +66.3% |
| Stocks and contracts in progress | 3 | €680 | €1,550 | +€870 | +128% |
| Stocks | 30/36 | €680 | €1,550 | +€870 | +128% |
| Amounts receivable within one year | 40/41 | €48,033 | €66,293 | +€18,260 | +38.0% |
| Trade receivables | 40 | €44,488 | €57,351 | +€12,863 | +28.9% |
| Other amounts receivable | 41 | €3,545 | €8,942 | +€5,397 | +152% |
| Cash at bank and in hand | 54/58 | €5,653 | €18,324 | +€12,671 | +224% |
| Deferred charges and accrued income | 490/1 | €523 | €5,121 | +€4,598 | +879% |
| Total equity and liabilities | 10/49 | €67,257 | €102,640 | +€35,384 | +52.6% |
| Equity | 10/15 | €38,010 | €56,772 | +€18,762 | +49.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €33,010 | €51,772 | +€18,762 | +56.8% |
| Amounts payable | 17/49 | €29,246 | €45,868 | +€16,622 | +56.8% |
| Amounts payable after more than one year | 17 | €4,966 | €1,888 | -€3,077 | -62.0% |
| Financial debts | 170/4 | €4,966 | €1,888 | -€3,077 | -62.0% |
| Amounts payable within one year | 42/48 | €24,281 | €43,980 | +€19,699 | +81.1% |
| Current portion of amounts payable after more than one year | 42 | €2,886 | €3,077 | +€191 | +6.6% |
| Trade debts | 44 | €3,320 | €11,010 | +€7,691 | +232% |
| Suppliers | 440/4 | €3,320 | €11,010 | +€7,691 | +232% |
| Advances received on contracts in progress | 46 | €1,000 | €4,000 | +€3,000 | +300% |
| Taxes, remuneration and social security | 45 | €10,828 | €25,892 | +€15,064 | +139% |
| Taxes | 450/3 | €6,520 | €11,803 | +€5,283 | +81.0% |
| Remuneration and social security | 454/9 | €4,308 | €14,089 | +€9,781 | +227% |
| Other amounts payable | 47/48 | €6,247 | - | -€6,247 | |
| Remuneration, social security and pensions | 62 | €40,085 | €49,328 | +€9,244 | +23.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,296 | €4,499 | +€2,203 | +96.0% |
| Other operating charges | 640/8 | €1,289 | €2,406 | +€1,117 | +86.6% |
| Gross operating margin | 9900 | €83,538 | €83,298 | -€240 | -0.3% |
| Operating profit (loss) | 9901 | €39,868 | €27,064 | -€12,804 | -32.1% |
| Financial income | 75/76B | €7 | €290 | +€284 | +4,363% |
| Recurring financial income | 75 | €7 | €290 | +€284 | +4,363% |
| Financial charges | 65/66B | €345 | €3,309 | +€2,964 | +860% |
| Recurring financial charges | 65 | €345 | €3,309 | +€2,964 | +860% |
| Profit (loss) for the period before taxes | 9903 | €39,530 | €24,045 | -€15,485 | -39.2% |
| Income taxes | 67/77 | €6,520 | €5,283 | -€1,237 | -19.0% |
| Profit (loss) for the period | 9904 | €33,010 | €18,762 | -€14,249 | -43.2% |
| Profit (loss) for the period to be appropriated | 9905 | €33,010 | €18,762 | -€14,249 | -43.2% |
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 15 October 2026 via checked.be.