KCS: 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.
KCS
Largest movements
- Cash -€2,827
down €2,827 (-14.0%), from €20,263 to €17,436
mainly Net result for the year (-€2,191) and Receivables within one year (-€2,163)
- Receivables within one year +€2,163
up €2,163 (+788.6%), from €274 to €2,437
of which Trade receivables: +€2,040
- Reserves -€2,191
down €2,191 (-18.8%), from €11,683 to €9,492
- Trade debts +€1,649
up €1,649 (+547.3%), from €301 to €1,950
- Gross operating margin -€5,072
down €5,072, from €3,550 to -€1,521
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 | €20,538 | €19,873 | -€664 | -3.2% |
| Current assets | 29/58 | €20,538 | €19,873 | -€664 | -3.2% |
| Amounts receivable within one year | 40/41 | €274 | €2,437 | +€2,163 | +788.6% |
| Trade receivables | 40 | - | €2,040 | +€2,040 | |
| Other amounts receivable | 41 | €274 | €397 | +€123 | +44.8% |
| Cash at bank and in hand | 54/58 | €20,263 | €17,436 | -€2,827 | -14.0% |
| Total equity and liabilities | 10/49 | €20,538 | €19,873 | -€664 | -3.2% |
| Equity | 10/15 | €19,743 | €17,552 | -€2,191 | -11.1% |
| Contributions | 10/11 | €8,060 | €8,060 | = | 0.0% |
| Reserves | 13 | €11,683 | €9,492 | -€2,191 | -18.8% |
| Distributable reserves | 133 | €11,683 | €9,492 | -€2,191 | -18.8% |
| Amounts payable | 17/49 | €794 | €2,321 | +€1,527 | +192.2% |
| Amounts payable within one year | 42/48 | €794 | €2,321 | +€1,527 | +192.2% |
| Trade debts | 44 | €301 | €1,950 | +€1,649 | +547.3% |
| Suppliers | 440/4 | €301 | €1,950 | +€1,649 | +547.3% |
| Other amounts payable | 47/48 | €493 | €371 | -€122 | -24.8% |
| Other operating charges | 640/8 | €542 | €520 | -€22 | -4.0% |
| Gross operating margin | 9900 | €3,550 | -€1,521 | -€5,072 | |
| Operating profit (loss) | 9901 | €3,009 | -€2,041 | -€5,050 | |
| Financial charges | 65/66B | €135 | €150 | +€15 | +11.1% |
| Recurring financial charges | 65 | €135 | €150 | +€15 | +11.1% |
| Profit (loss) for the period before taxes | 9903 | €2,874 | -€2,191 | -€5,065 | |
| Profit (loss) for the period | 9904 | €2,874 | -€2,191 | -€5,065 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,874 | -€2,191 | -€5,065 |
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 29 September 2026 via checked.be.