KCS GROUP: 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 GROUP
Largest movements
- Tangible fixed assets -€24,000
down €24,000 (-6.9%), from €350,000 to €326,000
- Debts after one year -€45,133
down €45,133 (-26.2%), from €172,264 to €127,131
- Reserves +€16,696
up €16,696 (+26.4%), from €63,306 to €80,002
- Depreciation -€3,269
down €3,269 (-12.0%), from €27,269 to €24,000
- Taxes +€1,366
up €1,366 (+29.0%), from €4,712 to €6,078
- Financial charges -€1,289
down €1,289 (-17.8%), from €7,223 to €5,934
- Gross operating margin +€1,087
up €1,087 (+1.9%), from €56,971 to €58,058
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 | €409,349 | €384,931 | -€24,418 | -6.0% |
| Fixed assets | 21/28 | €350,000 | €326,000 | -€24,000 | -6.9% |
| Tangible fixed assets | 22/27 | €350,000 | €326,000 | -€24,000 | -6.9% |
| Land and buildings | 22 | €350,000 | €326,000 | -€24,000 | -6.9% |
| Current assets | 29/58 | €59,349 | €58,931 | -€418 | -0.7% |
| Cash at bank and in hand | 54/58 | €59,349 | €58,931 | -€418 | -0.7% |
| Total equity and liabilities | 10/49 | €409,349 | €384,931 | -€24,418 | -6.0% |
| Equity | 10/15 | €163,306 | €180,002 | +€16,696 | +10.2% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €63,306 | €80,002 | +€16,696 | +26.4% |
| Distributable reserves | 133 | €63,306 | €80,002 | +€16,696 | +26.4% |
| Amounts payable | 17/49 | €246,043 | €204,929 | -€41,114 | -16.7% |
| Amounts payable after more than one year | 17 | €172,264 | €127,131 | -€45,133 | -26.2% |
| Financial debts | 170/4 | €172,264 | €127,131 | -€45,133 | -26.2% |
| Amounts payable within one year | 42/48 | €73,779 | €77,797 | +€4,019 | +5.4% |
| Current portion of amounts payable after more than one year | 42 | €43,809 | €45,132 | +€1,324 | +3.0% |
| Trade debts | 44 | €1,960 | €1,876 | -€84 | -4.3% |
| Suppliers | 440/4 | €1,960 | €1,876 | -€84 | -4.3% |
| Taxes, remuneration and social security | 45 | €8,010 | €10,789 | +€2,779 | +34.7% |
| Taxes | 450/3 | €8,010 | €10,789 | +€2,779 | +34.7% |
| Other amounts payable | 47/48 | €20,000 | €20,000 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,269 | €24,000 | -€3,269 | -12.0% |
| Other operating charges | 640/8 | €5,189 | €5,350 | +€161 | +3.1% |
| Gross operating margin | 9900 | €56,971 | €58,058 | +€1,087 | +1.9% |
| Operating profit (loss) | 9901 | €24,513 | €28,708 | +€4,195 | +17.1% |
| Financial charges | 65/66B | €7,223 | €5,934 | -€1,289 | -17.8% |
| Recurring financial charges | 65 | €7,223 | €5,934 | -€1,289 | -17.8% |
| Profit (loss) for the period before taxes | 9903 | €17,290 | €22,774 | +€5,484 | +31.7% |
| Income taxes | 67/77 | €4,712 | €6,078 | +€1,366 | +29.0% |
| Profit (loss) for the period | 9904 | €12,579 | €16,696 | +€4,117 | +32.7% |
| Profit (loss) for the period to be appropriated | 9905 | €12,579 | €16,696 | +€4,117 | +32.7% |
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 5 October 2026 via checked.be.