KGCS: 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.
KGCS
Largest movements
- Receivables within one year -€15,528
no longer reported in 2025 (was €15,528)
of which Other amounts receivable: -€13,746
- Cash -€12,768
down €12,768 (-96.7%), from €13,205 to €437
mainly Tax, wage and social debts (-€14,747) and Net result for the year (-€13,972)
- Tangible fixed assets -€1,650
down €1,650 (-66.9%), from €2,468 to €818
- Deferred charges and accrued income -€1,200
down €1,200 (-7.7%), from €15,600 to €14,400
- Tax, wage and social debts -€14,747
down €14,747 (-69.6%), from €21,201 to €6,454
- Profit (loss) carried forward -€13,972
down €13,972 (-714%), from -€1,958 to -€15,930
- Trade debts -€4,999
down €4,999 (-91.3%), from €5,474 to €475
- Other debts +€2,572
new in 2025: €2,572
- Gross operating margin -€16,384
down €16,384, from €12,324 to -€4,060
- Taxes -€3,581
down €3,581 (-96.9%), from €3,694 to €113
- Financial charges +€1,948
up €1,948 (+165%), from €1,179 to €3,127
- Other operating charges -€907
down €907 (-23.4%), from €3,885 to €2,978
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 | €46,801 | €15,655 | -€31,146 | -66.5% |
| Fixed assets | 21/28 | €2,468 | €818 | -€1,650 | -66.9% |
| Tangible fixed assets | 22/27 | €2,468 | €818 | -€1,650 | -66.9% |
| Furniture and vehicles | 24 | €2,468 | €818 | -€1,650 | -66.9% |
| Current assets | 29/58 | €44,333 | €14,837 | -€29,496 | -66.5% |
| Amounts receivable within one year | 40/41 | €15,528 | - | -€15,528 | |
| Trade receivables | 40 | €1,782 | - | -€1,782 | |
| Other amounts receivable | 41 | €13,746 | - | -€13,746 | |
| Cash at bank and in hand | 54/58 | €13,205 | €437 | -€12,768 | -96.7% |
| Deferred charges and accrued income | 490/1 | €15,600 | €14,400 | -€1,200 | -7.7% |
| Total equity and liabilities | 10/49 | €46,801 | €15,655 | -€31,146 | -66.5% |
| Equity | 10/15 | €20,126 | €6,154 | -€13,972 | -69.4% |
| Contributions | 10/11 | €19,300 | €19,300 | = | 0.0% |
| Reserves | 13 | €2,784 | €2,784 | = | 0.0% |
| Non-distributable reserves | 130/1 | €153 | €153 | = | 0.0% |
| Reserves not available under the articles | 1311 | €153 | €153 | = | 0.0% |
| Distributable reserves | 133 | €2,631 | €2,631 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,958 | -€15,930 | -€13,972 | -714% |
| Amounts payable | 17/49 | €26,675 | €9,501 | -€17,174 | -64.4% |
| Amounts payable within one year | 42/48 | €26,675 | €9,501 | -€17,174 | -64.4% |
| Trade debts | 44 | €5,474 | €475 | -€4,999 | -91.3% |
| Suppliers | 440/4 | €5,474 | €475 | -€4,999 | -91.3% |
| Taxes, remuneration and social security | 45 | €21,201 | €6,454 | -€14,747 | -69.6% |
| Taxes | 450/3 | €21,201 | €6,454 | -€14,747 | -69.6% |
| Other amounts payable | 47/48 | - | €2,572 | +€2,572 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,621 | €1,650 | +€29 | +1.8% |
| Other operating charges | 640/8 | €3,885 | €2,978 | -€907 | -23.4% |
| Non-recurring operating charges | 66A | - | €2,296 | +€2,296 | |
| Gross operating margin | 9900 | €12,324 | -€4,060 | -€16,384 | |
| Operating profit (loss) | 9901 | €6,818 | -€10,983 | -€17,801 | |
| Financial income | 75/76B | €297 | €252 | -€45 | -15.2% |
| Recurring financial income | 75 | €297 | €252 | -€45 | -15.2% |
| Financial charges | 65/66B | €1,179 | €3,127 | +€1,948 | +165% |
| Recurring financial charges | 65 | €1,179 | €3,127 | +€1,948 | +165% |
| Profit (loss) for the period before taxes | 9903 | €5,936 | -€13,859 | -€19,795 | |
| Income taxes | 67/77 | €3,694 | €113 | -€3,581 | -96.9% |
| Profit (loss) for the period | 9904 | €2,242 | -€13,972 | -€16,213 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,242 | -€13,972 | -€16,213 |
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 17 October 2026 via checked.be.