KCL Services: 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.
KCL Services
Largest movements
- Cash -€252,205
down €252,205 (-52.7%), from €478,892 to €226,686
mainly Contributions, distributions and other (-€400,000) and Current investments (-€75,000)
- Current investments +€75,000
up €75,000 (+100.0%), from €75,000 to €150,000
- Tangible fixed assets -€36,792
down €36,792 (-3.6%), from €1.0m to €998,338
of which Land and buildings: -€51,542
- Reserves -€256,650
down €256,650 (-31.3%), from €820,805 to €564,155
of which Distributable reserves: -€206,479
- Other debts +€89,317
up €89,317 (+35.6%), from €250,773 to €340,091
- Debts after one year -€46,602
down €46,602 (-13.5%), from €346,140 to €299,538
- Gross operating margin -€138,533
down €138,533 (-31.1%), from €445,767 to €307,234
- Depreciation -€17,215
down €17,215 (-19.7%), from €87,230 to €70,016
- Taxes +€12,694
up €12,694 (+16.4%), from €77,532 to €90,225
- Financial charges -€7,510
down €7,510 (-58.1%), from €12,937 to €5,426
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 | €1,601,070 | €1,377,072 | -€223,998 | -14.0% |
| Fixed assets | 21/28 | €1,035,130 | €998,338 | -€36,792 | -3.6% |
| Tangible fixed assets | 22/27 | €1,035,130 | €998,338 | -€36,792 | -3.6% |
| Land and buildings | 22 | €944,737 | €893,194 | -€51,542 | -5.5% |
| Furniture and vehicles | 24 | €90,394 | €105,143 | +€14,750 | +16.3% |
| Current assets | 29/58 | €565,940 | €378,734 | -€187,205 | -33.1% |
| Amounts receivable within one year | 40/41 | €0 | - | = | |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €0 | - | = | |
| Current investments | 50/53 | €75,000 | €150,000 | +€75,000 | +100.0% |
| Cash at bank and in hand | 54/58 | €478,892 | €226,686 | -€252,205 | -52.7% |
| Deferred charges and accrued income | 490/1 | €12,048 | €2,048 | -€10,000 | -83.0% |
| Total equity and liabilities | 10/49 | €1,601,070 | €1,377,072 | -€223,998 | -14.0% |
| Equity | 10/15 | €840,028 | €582,755 | -€257,273 | -30.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €820,805 | €564,155 | -€256,650 | -31.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €454,680 | €404,509 | -€50,171 | -11.0% |
| Distributable reserves | 133 | €364,265 | €157,785 | -€206,479 | -56.7% |
| Profit (loss) carried forward | 14 | €624 | €0 | -€624 | -100.0% |
| Amounts payable | 17/49 | €761,042 | €794,317 | +€33,275 | +4.4% |
| Amounts payable after more than one year | 17 | €346,140 | €299,538 | -€46,602 | -13.5% |
| Financial debts | 170/4 | €346,140 | €299,538 | -€46,602 | -13.5% |
| Amounts payable within one year | 42/48 | €407,925 | €492,848 | +€84,924 | +20.8% |
| Current portion of amounts payable after more than one year | 42 | €45,379 | €47,579 | +€2,200 | +4.8% |
| Trade debts | 44 | €4,018 | €4,270 | +€252 | +6.3% |
| Suppliers | 440/4 | €4,018 | €4,270 | +€252 | +6.3% |
| Taxes, remuneration and social security | 45 | €107,754 | €100,908 | -€6,846 | -6.4% |
| Taxes | 450/3 | €107,754 | €100,908 | -€6,846 | -6.4% |
| Other amounts payable | 47/48 | €250,773 | €340,091 | +€89,317 | +35.6% |
| Accrued charges and deferred income | 492/3 | €6,976 | €1,931 | -€5,046 | -72.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €87,230 | €70,016 | -€17,215 | -19.7% |
| Other operating charges | 640/8 | €5,094 | €9,373 | +€4,278 | +84.0% |
| Gross operating margin | 9900 | €445,767 | €307,234 | -€138,533 | -31.1% |
| Operating profit (loss) | 9901 | €353,443 | €227,846 | -€125,596 | -35.5% |
| Financial income | 75/76B | €9,197 | €10,532 | +€1,335 | +14.5% |
| Recurring financial income | 75 | €9,197 | €10,532 | +€1,335 | +14.5% |
| Financial charges | 65/66B | €12,937 | €5,426 | -€7,510 | -58.1% |
| Recurring financial charges | 65 | €12,937 | €5,426 | -€7,510 | -58.1% |
| Profit (loss) for the period before taxes | 9903 | €349,703 | €232,952 | -€116,751 | -33.4% |
| Income taxes | 67/77 | €77,532 | €90,225 | +€12,694 | +16.4% |
| Profit (loss) for the period | 9904 | €272,171 | €142,727 | -€129,444 | -47.6% |
| Transfer from tax-exempt reserves | 789 | - | €50,171 | +€50,171 | |
| Transfer to tax-exempt reserves | 689 | €113,670 | €0 | -€113,670 | -100.0% |
| Profit (loss) for the period to be appropriated | 9905 | €158,501 | €192,897 | +€34,396 | +21.7% |
Source: filed annual accounts (NBB), financial years ended 31 May 2024 and 31 May 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.