KG SERVICES: 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.
KG SERVICES
Largest movements
- Current investments +€26,031
up €26,031 (+17.4%), from €149,851 to €175,882
- Cash +€13,977
up €13,977 (+11.2%), from €124,995 to €138,972
mainly Net result for the year (+€122,417) and Accrued charges and deferred income (+€23,360)
- Receivables within one year -€13,802
down €13,802 (-17.8%), from €77,617 to €63,815
of which Other amounts receivable: -€74,802
- Accrued charges and deferred income +€23,360
new in 2025: €23,360
- Debts after one year -€12,944
down €12,944 (-26.4%), from €48,976 to €36,032
- Reserves +€10,428
up €10,428 (+3.7%), from €280,417 to €290,846
- Gross operating margin +€110,853
up €110,853 (+132%), from €83,666 to €194,519
- Financial charges -€49,293
down €49,293 (-95.8%), from €51,456 to €2,162
- Other operating charges +€24,146
up €24,146 (+1,755%), from €1,376 to €25,522
- Taxes +€22,113
up €22,113 (+103%), from €21,566 to €43,679
- Financial income -€9,832
down €9,832 (-71.9%), from €13,682 to €3,850
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 | €376,788 | €399,058 | +€22,270 | +5.9% |
| Fixed assets | 21/28 | €19,352 | €16,246 | -€3,106 | -16.1% |
| Tangible fixed assets | 22/27 | €19,352 | €16,246 | -€3,106 | -16.1% |
| Land and buildings | 22 | €11,977 | €9,203 | -€2,774 | -23.2% |
| Plant, machinery and equipment | 23 | €2,735 | €3,369 | +€634 | +23.2% |
| Furniture and vehicles | 24 | €4,639 | €3,674 | -€966 | -20.8% |
| Current assets | 29/58 | €357,436 | €382,813 | +€25,376 | +7.1% |
| Amounts receivable within one year | 40/41 | €77,617 | €63,815 | -€13,802 | -17.8% |
| Trade receivables | 40 | - | €61,000 | +€61,000 | |
| Other amounts receivable | 41 | €77,617 | €2,815 | -€74,802 | -96.4% |
| Current investments | 50/53 | €149,851 | €175,882 | +€26,031 | +17.4% |
| Cash at bank and in hand | 54/58 | €124,995 | €138,972 | +€13,977 | +11.2% |
| Deferred charges and accrued income | 490/1 | €4,973 | €4,143 | -€830 | -16.7% |
| Total equity and liabilities | 10/49 | €376,788 | €399,058 | +€22,270 | +5.9% |
| Equity | 10/15 | €299,017 | €309,446 | +€10,428 | +3.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €280,417 | €290,846 | +€10,428 | +3.7% |
| Distributable reserves | 133 | €280,417 | €290,846 | +€10,428 | +3.7% |
| Amounts payable | 17/49 | €77,771 | €89,613 | +€11,841 | +15.2% |
| Amounts payable after more than one year | 17 | €48,976 | €36,032 | -€12,944 | -26.4% |
| Financial debts | 170/4 | €48,976 | €36,032 | -€12,944 | -26.4% |
| Amounts payable within one year | 42/48 | €28,795 | €30,220 | +€1,425 | +4.9% |
| Current portion of amounts payable after more than one year | 42 | €13,685 | €14,009 | +€324 | +2.4% |
| Trade debts | 44 | €6,767 | €4,537 | -€2,229 | -32.9% |
| Suppliers | 440/4 | €6,767 | €4,537 | -€2,229 | -32.9% |
| Taxes, remuneration and social security | 45 | €8,343 | €11,604 | +€3,260 | +39.1% |
| Taxes | 450/3 | €5,643 | €11,604 | +€5,960 | +106% |
| Remuneration and social security | 454/9 | €2,700 | - | -€2,700 | |
| Other amounts payable | 47/48 | - | €71 | +€71 | |
| Accrued charges and deferred income | 492/3 | - | €23,360 | +€23,360 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,274 | €4,589 | +€1,315 | +40.2% |
| Other operating charges | 640/8 | €1,376 | €25,522 | +€24,146 | +1,755% |
| Gross operating margin | 9900 | €83,666 | €194,519 | +€110,853 | +132% |
| Operating profit (loss) | 9901 | €79,016 | €164,408 | +€85,392 | +108% |
| Financial income | 75/76B | €13,682 | €3,850 | -€9,832 | -71.9% |
| Recurring financial income | 75 | €13,682 | €3,850 | -€9,832 | -71.9% |
| Financial charges | 65/66B | €51,456 | €2,162 | -€49,293 | -95.8% |
| Recurring financial charges | 65 | €51,456 | €2,162 | -€49,293 | -95.8% |
| Profit (loss) for the period before taxes | 9903 | €41,242 | €166,096 | +€124,853 | +303% |
| Income taxes | 67/77 | €21,566 | €43,679 | +€22,113 | +103% |
| Profit (loss) for the period | 9904 | €19,677 | €122,417 | +€102,740 | +522% |
| Profit (loss) for the period to be appropriated | 9905 | €19,677 | €122,417 | +€102,740 | +522% |
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 27 October 2026 via checked.be.