KBS-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.
KBS-Systems
Largest movements
- Stocks and contracts -€820,136
down €820,136 (-83.9%), from €977,761 to €157,625
of which Contracts in progress: -€819,478
- Receivables within one year -€302,982
down €302,982 (-13.4%), from €2.3m to €2.0m
of which Trade receivables: -€981,672
- Cash +€187,255
up €187,255 (+228%), from €82,102 to €269,357
mainly Stocks and contracts (+€820,136) and Receivables within one year (+€302,982)
- Financial fixed assets -€42,444
down €42,444 (-19.2%), from €220,567 to €178,122
- Profit (loss) carried forward -€755,579
down €755,579 (-67.0%), from -€1.1m to -€1.9m
- Tax, wage and social debts -€684,626
down €684,626 (-47.2%), from €1.4m to €764,703
of which Remuneration and social security: -€715,098
- Short-term financial debts +€300,000
up €300,000 (+55.6%), from €539,240 to €839,240
of which Credit institutions: +€300,000
- Other debts +€199,336
up €199,336 (+22.6%), from €881,793 to €1.1m
- Trade debts -€159,408
down €159,408 (-16.2%), from €986,943 to €827,535
- Gross operating margin -€543,780
down €543,780 (-23.8%), from €2.3m to €1.7m
- Staff costs -€255,352
down €255,352 (-9.5%), from €2.7m to €2.4m
- Financial charges -€250,707
down €250,707 (-85.5%), from €293,189 to €42,483
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 | €3,600,844 | €2,599,671 | -€1.0m | -27.8% |
| Fixed assets | 21/28 | €274,128 | €208,817 | -€65,311 | -23.8% |
| Tangible fixed assets | 22/27 | €53,561 | €30,695 | -€22,866 | -42.7% |
| Plant, machinery and equipment | 23 | €1,927 | €893 | -€1,033 | -53.6% |
| Furniture and vehicles | 24 | €51,635 | €29,802 | -€21,833 | -42.3% |
| Financial fixed assets | 28 | €220,567 | €178,122 | -€42,444 | -19.2% |
| Current assets | 29/58 | €3,326,716 | €2,390,854 | -€935,863 | -28.1% |
| Stocks and contracts in progress | 3 | €977,761 | €157,625 | -€820,136 | -83.9% |
| Stocks | 30/36 | €158,283 | €157,625 | -€658 | -0.4% |
| Contracts in progress | 37 | €819,478 | €0 | -€819,478 | -100% |
| Amounts receivable within one year | 40/41 | €2,259,457 | €1,956,475 | -€302,982 | -13.4% |
| Trade receivables | 40 | €1,863,430 | €881,758 | -€981,672 | -52.7% |
| Other amounts receivable | 41 | €396,027 | €1,074,717 | +€678,690 | +171% |
| Cash at bank and in hand | 54/58 | €82,102 | €269,357 | +€187,255 | +228% |
| Deferred charges and accrued income | 490/1 | €7,397 | €7,397 | = | 0.0% |
| Total equity and liabilities | 10/49 | €3,600,844 | €2,599,671 | -€1.0m | -27.8% |
| Equity | 10/15 | -€264,774 | -€1,020,353 | -€755,579 | -285% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €801,111 | €801,111 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Tax-exempt reserves | 132 | €6,937 | €6,937 | = | 0.0% |
| Distributable reserves | 133 | €788,024 | €788,024 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,127,385 | -€1,882,964 | -€755,579 | -67.0% |
| Amounts payable | 17/49 | €3,865,618 | €3,620,024 | -€245,594 | -6.4% |
| Amounts payable within one year | 42/48 | €3,865,618 | €3,620,024 | -€245,594 | -6.4% |
| Current portion of amounts payable after more than one year | 42 | €8,313 | €2,756 | -€5,557 | -66.8% |
| Financial debts | 43 | €539,240 | €839,240 | +€300,000 | +55.6% |
| Credit institutions | 430/8 | €400,000 | €700,000 | +€300,000 | +75.0% |
| Other loans | 439 | €139,240 | €139,240 | = | 0.0% |
| Trade debts | 44 | €986,943 | €827,535 | -€159,408 | -16.2% |
| Suppliers | 440/4 | €986,943 | €827,535 | -€159,408 | -16.2% |
| Advances received on contracts in progress | 46 | - | €104,662 | +€104,662 | |
| Taxes, remuneration and social security | 45 | €1,449,328 | €764,703 | -€684,626 | -47.2% |
| Taxes | 450/3 | €213,414 | €243,886 | +€30,472 | +14.3% |
| Remuneration and social security | 454/9 | €1,235,914 | €520,817 | -€715,098 | -57.9% |
| Other amounts payable | 47/48 | €881,793 | €1,081,129 | +€199,336 | +22.6% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €2,693,880 | €2,438,528 | -€255,352 | -9.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,926 | €22,866 | -€12,060 | -34.5% |
| Other operating charges | 640/8 | €24,934 | €12,540 | -€12,394 | -49.7% |
| Gross operating margin | 9900 | €2,285,629 | €1,741,848 | -€543,780 | -23.8% |
| Operating profit (loss) | 9901 | -€468,112 | -€732,086 | -€263,975 | -56.4% |
| Financial income | 75/76B | €3,036 | €18,990 | +€15,953 | +525% |
| Recurring financial income | 75 | €3,036 | €18,990 | +€15,953 | +525% |
| Financial charges | 65/66B | €293,189 | €42,483 | -€250,707 | -85.5% |
| Recurring financial charges | 65 | €293,189 | €42,483 | -€250,707 | -85.5% |
| Profit (loss) for the period before taxes | 9903 | -€758,265 | -€755,579 | +€2,685 | +0.4% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€758,265 | -€755,579 | +€2,685 | +0.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€758,265 | -€755,579 | +€2,685 | +0.4% |
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 15 October 2026 via checked.be.