Ka & S: what changed
Two fiscal 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.
Ka & S
Largest movements
- Receivables within one year +€18,014
up €18,014 (+198.5%), from €9,075 to €27,089
- Cash +€3,089
up €3,089 (+1.9%), from €164,246 to €167,335
mainly Net result for the year (+€20,339) and Tax, wage and social debts (+€1,519)
- Reserves +€20,339
up €20,339 (+34.3%), from €59,324 to €79,662
- Gross operating margin -€9,200
down €9,200 (-23.5%), from €39,147 to €29,947
- Taxes -€6,079
down €6,079 (-46.7%), from €13,021 to €6,942
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.
Cash bridge derived
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 | €173,321 | €194,423 | +€21,102 | +12.2% |
| Current assets | 29/58 | €173,321 | €194,423 | +€21,102 | +12.2% |
| Amounts receivable within one year | 40/41 | €9,075 | €27,089 | +€18,014 | +198.5% |
| Trade receivables | 40 | €9,075 | €27,089 | +€18,014 | +198.5% |
| Cash at bank and in hand | 54/58 | €164,246 | €167,335 | +€3,089 | +1.9% |
| Total equity and liabilities | 10/49 | €173,321 | €194,423 | +€21,102 | +12.2% |
| Equity | 10/15 | €141,285 | €161,624 | +€20,339 | +14.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Share premium | 1100/10 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €59,324 | €79,662 | +€20,339 | +34.3% |
| Distributable reserves | 133 | €59,324 | €79,662 | +€20,339 | +34.3% |
| Profit (loss) carried forward | 14 | €63,361 | €63,361 | = | 0.0% |
| Amounts payable | 17/49 | €32,036 | €32,800 | +€764 | +2.4% |
| Amounts payable within one year | 42/48 | €31,036 | €31,800 | +€764 | +2.5% |
| Trade debts | 44 | €935 | €614 | -€321 | -34.3% |
| Suppliers | 440/4 | €935 | €614 | -€321 | -34.3% |
| Taxes, remuneration and social security | 45 | €8,295 | €9,814 | +€1,519 | +18.3% |
| Taxes | 450/3 | €4,795 | €6,314 | +€1,519 | +31.7% |
| Remuneration and social security | 454/9 | €3,500 | €3,500 | = | 0.0% |
| Other amounts payable | 47/48 | €21,806 | €21,372 | -€435 | -2.0% |
| Accrued charges and deferred income | 492/3 | €1,000 | €1,000 | = | 0.0% |
| Other operating charges | 640/8 | €2,624 | €2,626 | +€2 | +0.1% |
| Gross operating margin | 9900 | €39,147 | €29,947 | -€9,200 | -23.5% |
| Operating profit (loss) | 9901 | €36,524 | €27,321 | -€9,202 | -25.2% |
| Financial charges | 65/66B | €39 | €40 | +€1 | +3.5% |
| Recurring financial charges | 65 | €39 | €40 | +€1 | +3.5% |
| Profit (loss) for the period before taxes | 9903 | €36,485 | €27,281 | -€9,204 | -25.2% |
| Income taxes | 67/77 | €13,021 | €6,942 | -€6,079 | -46.7% |
| Profit (loss) for the period | 9904 | €23,464 | €20,339 | -€3,125 | -13.3% |
| Profit (loss) for the period to be appropriated | 9905 | €23,464 | €20,339 | -€3,125 | -13.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.