KFS GROUP: 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.
KFS GROUP
Largest movements
- Receivables within one year +€113,923
up €113,923 (+228.0%), from €49,961 to €163,884
of which Trade receivables: +€109,864
- Tangible fixed assets +€26,028
new in 2024: €26,028
- Trade debts +€110,046
up €110,046 (+156.6%), from €70,291 to €180,338
- Profit (loss) carried forward +€25,086
up €25,086, from -€11,677 to €13,410
- Tax, wage and social debts +€2,149
up €2,149 (+41.3%), from €5,206 to €7,355
of which Taxes: +€2,549
- Gross operating margin +€44,133
up €44,133, from -€8,760 to €35,373
- Financial charges -€4,845
down €4,845 (-64.0%), from €7,566 to €2,721
- Taxes +€3,155
new in 2024: €3,155
- Depreciation +€2,761
new in 2024: €2,761
- Other operating charges -€1,727
down €1,727 (-51.1%), from €3,381 to €1,653
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €66,506 | €206,616 | +€140,110 | +210.7% |
| Fixed assets | 21/28 | - | €26,028 | +€26,028 | |
| Tangible fixed assets | 22/27 | - | €26,028 | +€26,028 | |
| Furniture and vehicles | 24 | - | €26,028 | +€26,028 | |
| Current assets | 29/58 | €66,506 | €180,588 | +€114,082 | +171.5% |
| Amounts receivable within one year | 40/41 | €49,961 | €163,884 | +€113,923 | +228.0% |
| Trade receivables | 40 | €48,800 | €158,664 | +€109,864 | +225.1% |
| Other amounts receivable | 41 | €1,161 | €5,220 | +€4,059 | +349.5% |
| Cash at bank and in hand | 54/58 | €15,286 | €16,703 | +€1,417 | +9.3% |
| Deferred charges and accrued income | 490/1 | €1,259 | - | -€1,259 | |
| Total equity and liabilities | 10/49 | €66,506 | €206,616 | +€140,110 | +210.7% |
| Equity | 10/15 | -€9,177 | €15,910 | +€25,086 | |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€11,677 | €13,410 | +€25,086 | |
| Amounts payable | 17/49 | €75,683 | €190,706 | +€115,023 | +152.0% |
| Amounts payable within one year | 42/48 | €75,683 | €189,018 | +€113,335 | +149.7% |
| Trade debts | 44 | €70,291 | €180,338 | +€110,046 | +156.6% |
| Suppliers | 440/4 | €70,291 | €180,338 | +€110,046 | +156.6% |
| Taxes, remuneration and social security | 45 | €5,206 | €7,355 | +€2,149 | +41.3% |
| Taxes | 450/3 | €3,106 | €5,655 | +€2,549 | +82.1% |
| Remuneration and social security | 454/9 | €2,100 | €1,700 | -€400 | -19.0% |
| Other amounts payable | 47/48 | €186 | €1,326 | +€1,140 | +614.4% |
| Accrued charges and deferred income | 492/3 | - | €1,688 | +€1,688 | |
| Non-recurring operating income | 76A | - | €11,965 | +€11,965 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €2,761 | +€2,761 | |
| Other operating charges | 640/8 | €3,381 | €1,653 | -€1,727 | -51.1% |
| Gross operating margin | 9900 | -€8,760 | €35,373 | +€44,133 | |
| Operating profit (loss) | 9901 | -€12,140 | €30,958 | +€43,099 | |
| Financial income | 75/76B | €0 | €5 | +€4 | +22450.0% |
| Recurring financial income | 75 | €0 | €5 | +€4 | +22450.0% |
| Financial charges | 65/66B | €7,566 | €2,721 | -€4,845 | -64.0% |
| Recurring financial charges | 65 | €7,566 | €2,721 | -€4,845 | -64.0% |
| Profit (loss) for the period before taxes | 9903 | -€19,707 | €28,242 | +€47,949 | |
| Income taxes | 67/77 | - | €3,155 | +€3,155 | |
| Profit (loss) for the period | 9904 | -€19,707 | €25,086 | +€44,793 | |
| Profit (loss) for the period to be appropriated | 9905 | -€19,707 | €25,086 | +€44,793 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.