KCS TRADING: 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.
KCS TRADING
Largest movements
- Tangible fixed assets +€59,668
new in 2025: €59,668
- Receivables within one year -€41,334
down €41,334 (-80.6%), from €51,314 to €9,980
of which Other amounts receivable: -€41,637
- Cash -€26,726
down €26,726 (-45.7%), from €58,440 to €31,714
mainly Investment in fixed assets (net) (-€68,273) and Other debts (-€48,340)
- Financial fixed assets +€3,300
up €3,300 (+102.8%), from €3,210 to €6,510
- Other debts -€48,340
down €48,340 (-95.9%), from €50,390 to €2,050
- Reserves +€29,379
up €29,379 (+78.2%), from €37,571 to €66,950
- Tax, wage and social debts +€14,289
up €14,289 (+81.4%), from €17,547 to €31,836
- Gross operating margin -€6,667
down €6,667 (-11.8%), from €56,303 to €49,635
- Depreciation +€5,055
up €5,055 (+2021.9%), from €250 to €5,305
- Taxes -€3,257
down €3,257 (-18.6%), from €17,547 to €14,289
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 | €113,037 | €108,933 | -€4,104 | -3.6% |
| Fixed assets | 21/28 | €3,210 | €66,178 | +€62,968 | +1961.6% |
| Tangible fixed assets | 22/27 | - | €59,668 | +€59,668 | |
| Furniture and vehicles | 24 | - | €59,668 | +€59,668 | |
| Financial fixed assets | 28 | €3,210 | €6,510 | +€3,300 | +102.8% |
| Current assets | 29/58 | €109,827 | €42,754 | -€67,073 | -61.1% |
| Amounts receivable within one year | 40/41 | €51,314 | €9,980 | -€41,334 | -80.6% |
| Trade receivables | 40 | €6,353 | €6,655 | +€303 | +4.8% |
| Other amounts receivable | 41 | €44,962 | €3,325 | -€41,637 | -92.6% |
| Cash at bank and in hand | 54/58 | €58,440 | €31,714 | -€26,726 | -45.7% |
| Deferred charges and accrued income | 490/1 | €73 | €1,060 | +€987 | +1345.3% |
| Total equity and liabilities | 10/49 | €113,037 | €108,933 | -€4,104 | -3.6% |
| Equity | 10/15 | €42,571 | €71,950 | +€29,379 | +69.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €37,571 | €66,950 | +€29,379 | +78.2% |
| Distributable reserves | 133 | €37,571 | €66,950 | +€29,379 | +78.2% |
| Amounts payable | 17/49 | €70,466 | €36,983 | -€33,483 | -47.5% |
| Amounts payable within one year | 42/48 | €70,466 | €36,983 | -€33,483 | -47.5% |
| Trade debts | 44 | €2,530 | €3,097 | +€567 | +22.4% |
| Suppliers | 440/4 | €2,530 | €3,097 | +€567 | +22.4% |
| Taxes, remuneration and social security | 45 | €17,547 | €31,836 | +€14,289 | +81.4% |
| Taxes | 450/3 | €17,547 | €31,836 | +€14,289 | +81.4% |
| Other amounts payable | 47/48 | €50,390 | €2,050 | -€48,340 | -95.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €250 | €5,305 | +€5,055 | +2021.9% |
| Other operating charges | 640/8 | €890 | €620 | -€270 | -30.4% |
| Gross operating margin | 9900 | €56,303 | €49,635 | -€6,667 | -11.8% |
| Operating profit (loss) | 9901 | €55,163 | €43,711 | -€11,452 | -20.8% |
| Financial charges | 65/66B | €45 | €42 | -€3 | -5.8% |
| Recurring financial charges | 65 | €45 | €42 | -€3 | -5.8% |
| Profit (loss) for the period before taxes | 9903 | €55,118 | €43,668 | -€11,449 | -20.8% |
| Income taxes | 67/77 | €17,547 | €14,289 | -€3,257 | -18.6% |
| Profit (loss) for the period | 9904 | €37,571 | €29,379 | -€8,192 | -21.8% |
| Profit (loss) for the period to be appropriated | 9905 | €37,571 | €29,379 | -€8,192 | -21.8% |
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 9 October 2026 via checked.be.