KB SYSTEMS: 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.
KB SYSTEMS
Largest movements
- Cash -€6,590
down €6,590 (-40.7%), from €16,191 to €9,601
mainly Investment in fixed assets (net) (-€12,244) and Receivables within one year (-€4,825)
- Tangible fixed assets +€6,385
up €6,385 (+139%), from €4,587 to €10,972
of which Plant, machinery and equipment: +€3,601
- Receivables within one year +€4,825
up €4,825 (+49.2%), from €9,801 to €14,626
of which Trade receivables: +€4,488
- Deferred charges and accrued income -€4,589
down €4,589 (-81.8%), from €5,610 to €1,022
- Financial fixed assets +€3,086
new in 2025: €3,086
- Profit (loss) carried forward +€10,797
up €10,797 (+223%), from €4,836 to €15,633
- Other debts -€4,507
down €4,507 (-47.7%), from €9,445 to €4,938
- Tax, wage and social debts -€2,315
down €2,315 (-21.0%), from €11,048 to €8,733
- Trade debts -€859
down €859 (-12.5%), from €6,861 to €6,002
- Gross operating margin -€25,948
down €25,948 (-52.4%), from €49,515 to €23,567
- Depreciation +€2,437
up €2,437 (+724%), from €337 to €2,773
- Financial charges +€1,508
up €1,508 (+77.4%), from €1,949 to €3,457
- Other operating charges -€1,497
down €1,497 (-67.3%), from €2,226 to €729
- Taxes +€1,004
up €1,004 (+27.4%), from €3,660 to €4,664
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 | €36,190 | €39,306 | +€3,116 | +8.6% |
| Fixed assets | 21/28 | €4,587 | €14,057 | +€9,470 | +206% |
| Tangible fixed assets | 22/27 | €4,587 | €10,972 | +€6,385 | +139% |
| Plant, machinery and equipment | 23 | €583 | €4,185 | +€3,601 | +617% |
| Furniture and vehicles | 24 | €4,004 | €6,787 | +€2,783 | +69.5% |
| Financial fixed assets | 28 | - | €3,086 | +€3,086 | |
| Current assets | 29/58 | €31,603 | €25,248 | -€6,354 | -20.1% |
| Amounts receivable within one year | 40/41 | €9,801 | €14,626 | +€4,825 | +49.2% |
| Trade receivables | 40 | €9,801 | €14,289 | +€4,488 | +45.8% |
| Other amounts receivable | 41 | - | €336 | +€336 | |
| Cash at bank and in hand | 54/58 | €16,191 | €9,601 | -€6,590 | -40.7% |
| Deferred charges and accrued income | 490/1 | €5,610 | €1,022 | -€4,589 | -81.8% |
| Total equity and liabilities | 10/49 | €36,190 | €39,306 | +€3,116 | +8.6% |
| Equity | 10/15 | €8,836 | €19,633 | +€10,797 | +122% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,836 | €15,633 | +€10,797 | +223% |
| Amounts payable | 17/49 | €27,353 | €19,673 | -€7,681 | -28.1% |
| Amounts payable within one year | 42/48 | €27,353 | €19,673 | -€7,681 | -28.1% |
| Trade debts | 44 | €6,861 | €6,002 | -€859 | -12.5% |
| Suppliers | 440/4 | €6,861 | €6,002 | -€859 | -12.5% |
| Taxes, remuneration and social security | 45 | €11,048 | €8,733 | -€2,315 | -21.0% |
| Taxes | 450/3 | €11,048 | €8,733 | -€2,315 | -21.0% |
| Other amounts payable | 47/48 | €9,445 | €4,938 | -€4,507 | -47.7% |
| Non-recurring operating income | 76A | €33,058 | €0 | -€33,058 | -100% |
| Remuneration, social security and pensions | 62 | €72 | €314 | +€242 | +338% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €337 | €2,773 | +€2,437 | +724% |
| Other operating charges | 640/8 | €2,226 | €729 | -€1,497 | -67.3% |
| Non-recurring operating charges | 66A | €36,435 | €0 | -€36,435 | -100% |
| Gross operating margin | 9900 | €49,515 | €23,567 | -€25,948 | -52.4% |
| Operating profit (loss) | 9901 | €10,445 | €19,750 | +€9,306 | +89.1% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €1,949 | €3,457 | +€1,508 | +77.4% |
| Recurring financial charges | 65 | €1,949 | €3,457 | +€1,508 | +77.4% |
| Profit (loss) for the period before taxes | 9903 | €8,496 | €16,293 | +€7,797 | +91.8% |
| Income taxes | 67/77 | €3,660 | €4,664 | +€1,004 | +27.4% |
| Profit (loss) for the period | 9904 | €4,836 | €11,630 | +€6,794 | +140% |
| Profit (loss) for the period to be appropriated | 9905 | €4,836 | €11,630 | +€6,794 | +140% |
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 13 October 2026 via checked.be.