KCSB: 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.
KCSB
Largest movements
- Cash -€33,876
down €33,876 (-52.6%), from €64,376 to €30,500
mainly Contributions, distributions and other (-€50,000) and Debts after one year (-€12,915)
- Receivables within one year +€8,555
up €8,555 (+51.3%), from €16,665 to €25,220
of which Trade receivables: +€5,533
- Tangible fixed assets -€5,260
down €5,260 (-9.1%), from €57,592 to €52,332
- Profit (loss) carried forward -€49,999
down €49,999 (-57.1%), from €87,558 to €37,559
- Reserves +€35,100
new in 2025: €35,100
- Debts after one year -€12,915
down €12,915 (-47.0%), from €27,492 to €14,577
- Tax, wage and social debts -€1,776
down €1,776 (-33.2%), from €5,355 to €3,579
- Gross operating margin +€7,871
up €7,871 (+14.9%), from €52,715 to €60,586
- Taxes +€4,109
up €4,109 (+43.7%), from €9,401 to €13,510
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 | €139,387 | €108,864 | -€30,523 | -21.9% |
| Fixed assets | 21/28 | €57,592 | €52,332 | -€5,260 | -9.1% |
| Tangible fixed assets | 22/27 | €57,592 | €52,332 | -€5,260 | -9.1% |
| Furniture and vehicles | 24 | €57,592 | €52,332 | -€5,260 | -9.1% |
| Current assets | 29/58 | €81,796 | €56,532 | -€25,264 | -30.9% |
| Amounts receivable within one year | 40/41 | €16,665 | €25,220 | +€8,555 | +51.3% |
| Trade receivables | 40 | €16,665 | €22,198 | +€5,533 | +33.2% |
| Other amounts receivable | 41 | €0 | €3,022 | +€3,022 | |
| Cash at bank and in hand | 54/58 | €64,376 | €30,500 | -€33,876 | -52.6% |
| Deferred charges and accrued income | 490/1 | €755 | €812 | +€57 | +7.6% |
| Total equity and liabilities | 10/49 | €139,387 | €108,864 | -€30,523 | -21.9% |
| Equity | 10/15 | €92,558 | €77,659 | -€14,899 | -16.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | - | €35,100 | +€35,100 | |
| Distributable reserves | 133 | - | €35,100 | +€35,100 | |
| Profit (loss) carried forward | 14 | €87,558 | €37,559 | -€49,999 | -57.1% |
| Amounts payable | 17/49 | €46,829 | €31,205 | -€15,624 | -33.4% |
| Amounts payable after more than one year | 17 | €27,492 | €14,577 | -€12,915 | -47.0% |
| Financial debts | 170/4 | €27,492 | €14,577 | -€12,915 | -47.0% |
| Amounts payable within one year | 42/48 | €19,337 | €16,628 | -€2,709 | -14.0% |
| Current portion of amounts payable after more than one year | 42 | €12,418 | €12,916 | +€498 | +4.0% |
| Trade debts | 44 | €331 | - | -€331 | |
| Suppliers | 440/4 | €331 | - | -€331 | |
| Taxes, remuneration and social security | 45 | €5,355 | €3,579 | -€1,776 | -33.2% |
| Taxes | 450/3 | €5,355 | €3,579 | -€1,776 | -33.2% |
| Other amounts payable | 47/48 | €1,233 | €133 | -€1,100 | -89.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,219 | €8,203 | -€16 | -0.2% |
| Other operating charges | 640/8 | €1,013 | €852 | -€161 | -15.9% |
| Gross operating margin | 9900 | €52,715 | €60,586 | +€7,871 | +14.9% |
| Operating profit (loss) | 9901 | €43,483 | €51,531 | +€8,048 | +18.5% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €2,633 | €2,920 | +€287 | +10.9% |
| Recurring financial charges | 65 | €2,633 | €2,920 | +€287 | +10.9% |
| Profit (loss) for the period before taxes | 9903 | €40,850 | €48,611 | +€7,761 | +19.0% |
| Income taxes | 67/77 | €9,401 | €13,510 | +€4,109 | +43.7% |
| Profit (loss) for the period | 9904 | €31,449 | €35,101 | +€3,652 | +11.6% |
| Profit (loss) for the period to be appropriated | 9905 | €31,449 | €35,101 | +€3,652 | +11.6% |
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 14 October 2026 via checked.be.