KFS RENOVATION: what changed
KFS RENOVATION
Largest movements
- Receivables within one year +€70,373
up €70,373 (+161%), from €43,655 to €114,028
of which Trade receivables: +€72,816
- Cash +€33,429
up €33,429 (+61.7%), from €54,188 to €87,618
mainly Net result for the year (+€59,173) and Trade debts (+€49,702)
- Tangible fixed assets -€5,910
down €5,910 (-41.6%), from €14,201 to €8,292
of which Furniture and vehicles: -€3,576
- Profit (loss) carried forward +€59,173
up €59,173 (+457%), from €12,960 to €72,133
- Trade debts +€49,702
up €49,702 (+19,816%), from €251 to €49,953
- Other debts -€11,151
down €11,151 (-14.4%), from €77,649 to €66,498
- Gross operating margin +€53,057
up €53,057 (+177%), from €29,984 to €83,041
- Taxes +€11,817
up €11,817 (+5,145%), from €230 to €12,047
- Financial income +€2,146
up €2,146 (+6,057%), from €35 to €2,181
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €112,045 | €209,937 | +€97,893 | +87.4% |
| Fixed assets | 21/28 | €14,201 | €8,292 | -€5,910 | -41.6% |
| Tangible fixed assets | 22/27 | €14,201 | €8,292 | -€5,910 | -41.6% |
| Land and buildings | 22 | €10,365 | €8,292 | -€2,073 | -20.0% |
| Plant, machinery and equipment | 23 | €261 | - | -€261 | |
| Furniture and vehicles | 24 | €3,576 | - | -€3,576 | |
| Current assets | 29/58 | €97,843 | €201,646 | +€103,802 | +106% |
| Amounts receivable within one year | 40/41 | €43,655 | €114,028 | +€70,373 | +161% |
| Trade receivables | 40 | €41,213 | €114,028 | +€72,816 | +177% |
| Other amounts receivable | 41 | €2,442 | - | -€2,442 | |
| Cash at bank and in hand | 54/58 | €54,188 | €87,618 | +€33,429 | +61.7% |
| Total equity and liabilities | 10/49 | €112,045 | €209,937 | +€97,893 | +87.4% |
| Equity | 10/15 | €19,210 | €78,383 | +€59,173 | +308% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Contributions outside capital | 11 | €6,200 | - | -€6,200 | |
| Other | 1109/19 | €6,200 | - | -€6,200 | |
| Reserves | 13 | €50 | €50 | = | 0.0% |
| Non-distributable reserves | 130/1 | €50 | - | -€50 | |
| Reserves not available under the articles | 1311 | €50 | - | -€50 | |
| Distributable reserves | 133 | - | €50 | +€50 | |
| Profit (loss) carried forward | 14 | €12,960 | €72,133 | +€59,173 | +457% |
| Amounts payable | 17/49 | €92,834 | €131,554 | +€38,720 | +41.7% |
| Amounts payable within one year | 42/48 | €92,834 | €131,554 | +€38,720 | +41.7% |
| Trade debts | 44 | €251 | €49,953 | +€49,702 | +19,816% |
| Suppliers | 440/4 | €251 | €49,953 | +€49,702 | +19,816% |
| Taxes, remuneration and social security | 45 | €14,934 | €15,103 | +€168 | +1.1% |
| Taxes | 450/3 | €7,034 | €15,102 | +€8,068 | +115% |
| Remuneration and social security | 454/9 | €7,900 | €0 | -€7,900 | -100.0% |
| Other amounts payable | 47/48 | €77,649 | €66,498 | -€11,151 | -14.4% |
| Remuneration, social security and pensions | 62 | €571 | - | -€571 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,910 | €5,910 | -€0 | 0.0% |
| Other operating charges | 640/8 | €1,339 | €901 | -€438 | -32.7% |
| Non-recurring operating charges | 66A | - | €6,508 | +€6,508 | |
| Gross operating margin | 9900 | €29,984 | €83,041 | +€53,057 | +177% |
| Operating profit (loss) | 9901 | €22,164 | €69,723 | +€47,559 | +215% |
| Financial income | 75/76B | €35 | €2,181 | +€2,146 | +6,057% |
| Recurring financial income | 75 | €35 | €2,181 | +€2,146 | +6,057% |
| Financial charges | 65/66B | €579 | €685 | +€106 | +18.2% |
| Recurring financial charges | 65 | €579 | €685 | +€106 | +18.2% |
| Profit (loss) for the period before taxes | 9903 | €21,620 | €71,220 | +€49,599 | +229% |
| Income taxes | 67/77 | €230 | €12,047 | +€11,817 | +5,145% |
| Profit (loss) for the period | 9904 | €21,391 | €59,173 | +€37,782 | +177% |
| Profit (loss) for the period to be appropriated | 9905 | €21,391 | €59,173 | +€37,782 | +177% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.