KGS Fire & Security Belgium: what changed
What changed
KGS Fire & Security Belgium
NACE 46.499, Wholesale of other household goods
filed annual accounts (NBB)
Net result for the year
€91,936
2024 · €14,193+€77,743
Equity
€3.2m
2024 · €3.1m+€91,936
Cash
€985,247
2024 · €569,698+€415,549
Balance sheet total
€8.1m
2024 · €10.1m-€2.0m
Largest movements
Assets
- Receivables within one year -€1.8m
down €1.8m (-27.7%), from €6.5m to €4.7m
of which Trade receivables: -€1.5m
- Cash +€415,549
up €415,549 (+72.9%), from €569,698 to €985,247
mainly Receivables within one year (+€1.8m) and Tax, wage and social debts (+€365,862)
- Tangible fixed assets -€361,069
down €361,069 (-89.1%), from €405,081 to €44,012
of which Plant, machinery and equipment: -€376,303
- Intangible fixed assets -€296,355
down €296,355 (-18.7%), from €1.6m to €1.3m
Equity and liabilities
- Trade debts -€1.6m
down €1.6m (-43.4%), from €3.7m to €2.1m
- Debts after one year -€801,218
down €801,218 (-100%), from €801,218 to €0
- Tax, wage and social debts +€365,862
up €365,862 (+18.6%), from €2.0m to €2.3m
of which Remuneration and social security: +€322,086
Income statement
- Turnover +€8.0m
up €8.0m (+197%), from €4.1m to €12.0m
- Staff costs +€5.1m
up €5.1m (+203%), from €2.5m to €7.6m
- Goods and materials +€3.6m
up €3.6m (+168%), from €2.2m to €5.8m
of which Purchases: +€3.6m
- Other operating income +€3.3m
up €3.3m (+112%), from €2.9m to €6.2m
- Services and other goods +€1.8m
up €1.8m (+89.1%), from €2.0m to €3.9m
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.
Result 2024
€14,193
Turnover
+€8.0m
Other operating income
+€3.3m
Goods and materials
-€3.6m
Services and other goods
-€1.8m
Staff costs
-€5.1m
Depreciation
-€164,295
Other operating charges
-€50,498
Other operating items
-€360,393
Financial income
-€3,960
Financial charges
-€29,179
Taxes
-€18,035
Result 2025
€91,936
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€903,562
Investment
+€313,205
Financing
-€801,218
Cash 2024
€569,698
From operations (derived)
+€903,562
Net result for the year
+€91,936
Depreciation
+€334,055
Stocks and contracts
-€19,243
Receivables within one year
+€1.8m
Deferred charges and accrued income
-€11,099
Trade debts
-€1.6m
Tax, wage and social debts
+€365,862
Accrued charges and deferred income
-€33,975
Investment (derived)
+€313,205
Investment in fixed assets (net)
+€313,205
Financing
-€801,218
Debts after one year
-€801,218
Contributions, distributions and other
-€0
Cash 2025
€985,247
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €10,081,605 | €8,090,618 | -€2.0m | -19.7% |
| Fixed assets | 21/28 | €2,885,827 | €2,238,568 | -€647,260 | -22.4% |
| Intangible fixed assets | 21 | €1,584,778 | €1,288,424 | -€296,355 | -18.7% |
| Tangible fixed assets | 22/27 | €405,081 | €44,012 | -€361,069 | -89.1% |
| Plant, machinery and equipment | 23 | €376,303 | €0 | -€376,303 | -100% |
| Furniture and vehicles | 24 | €28,778 | €44,012 | +€15,234 | +52.9% |
| Financial fixed assets | 28 | €895,968 | €906,132 | +€10,164 | +1.1% |
| Affiliated companies | 280/1 | €895,968 | €895,968 | = | 0.0% |
| Participating interests | 280 | €895,968 | €895,968 | = | 0.0% |
| Other financial fixed assets | 284/8 | - | €10,164 | +€10,164 | |
| Amounts receivable and cash guarantees | 285/8 | - | €10,164 | +€10,164 | |
| Current assets | 29/58 | €7,195,777 | €5,852,050 | -€1.3m | -18.7% |
| Stocks and contracts in progress | 3 | €49,779 | €69,022 | +€19,243 | +38.7% |
| Stocks | 30/36 | €49,779 | €69,022 | +€19,243 | +38.7% |
| Goods purchased for resale | 34 | €49,779 | €69,022 | +€19,243 | +38.7% |
| Amounts receivable within one year | 40/41 | €6,450,976 | €4,661,358 | -€1.8m | -27.7% |
| Trade receivables | 40 | €6,001,169 | €4,484,910 | -€1.5m | -25.3% |
| Other amounts receivable | 41 | €449,807 | €176,448 | -€273,359 | -60.8% |
| Cash at bank and in hand | 54/58 | €569,698 | €985,247 | +€415,549 | +72.9% |
| Deferred charges and accrued income | 490/1 | €125,324 | €136,423 | +€11,099 | +8.9% |
| Total equity and liabilities | 10/49 | €10,081,605 | €8,090,618 | -€2.0m | -19.7% |
| Equity | 10/15 | €3,063,394 | €3,155,330 | +€91,936 | +3.0% |
| Contributions | 10/11 | €3,049,201 | €3,049,201 | = | 0.0% |
| Profit (loss) carried forward | 14 | €14,193 | €106,129 | +€91,936 | +648% |
| Amounts payable | 17/49 | €7,018,211 | €4,935,288 | -€2.1m | -29.7% |
| Amounts payable after more than one year | 17 | €801,218 | €0 | -€801,218 | -100% |
| Financial debts | 170/4 | €801,218 | €0 | -€801,218 | -100% |
| Other loans | 174 | €801,218 | €0 | -€801,218 | -100% |
| Amounts payable within one year | 42/48 | €5,685,006 | €4,437,275 | -€1.2m | -21.9% |
| Trade debts | 44 | €3,715,883 | €2,102,290 | -€1.6m | -43.4% |
| Suppliers | 440/4 | €3,715,883 | €2,102,290 | -€1.6m | -43.4% |
| Taxes, remuneration and social security | 45 | €1,969,123 | €2,334,986 | +€365,862 | +18.6% |
| Taxes | 450/3 | €240,745 | €284,522 | +€43,777 | +18.2% |
| Remuneration and social security | 454/9 | €1,728,378 | €2,050,464 | +€322,086 | +18.6% |
| Accrued charges and deferred income | 492/3 | €531,987 | €498,012 | -€33,975 | -6.4% |
| Operating income | 70/76A | €6,982,678 | €18,233,602 | +€11.3m | +161% |
| Turnover | 70 | €4,053,613 | €12,037,028 | +€8.0m | +197% |
| Other operating income | 74 | €2,929,065 | €6,196,574 | +€3.3m | +112% |
| Operating charges | 60/66A | €6,890,416 | €18,012,423 | +€11.1m | +161% |
| Goods for resale, raw materials and consumables | 60 | €2,157,272 | €5,774,403 | +€3.6m | +168% |
| Purchases | 600/8 | €2,207,051 | €5,793,646 | +€3.6m | +163% |
| Change in stocks: decrease (increase) | 609 | -€49,779 | -€19,243 | +€30,536 | +61.3% |
| Services and other goods | 61 | €2,036,250 | €3,850,093 | +€1.8m | +89.1% |
| Remuneration, social security and pensions | 62 | €2,524,489 | €7,640,335 | +€5.1m | +203% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €169,760 | €334,055 | +€164,295 | +96.8% |
| Other operating charges | 640/8 | €2,646 | €53,144 | +€50,498 | +1,908% |
| Non-recurring operating charges | 66A | - | €360,393 | +€360,393 | |
| Operating profit (loss) | 9901 | €92,263 | €221,179 | +€128,917 | +140% |
| Financial income | 75/76B | €26,209 | €22,249 | -€3,960 | -15.1% |
| Recurring financial income | 75 | €26,209 | €22,249 | -€3,960 | -15.1% |
| Other financial income | 752/9 | €26,209 | €22,249 | -€3,960 | -15.1% |
| Financial charges | 65/66B | €7,860 | €37,039 | +€29,179 | +371% |
| Recurring financial charges | 65 | €7,860 | €37,039 | +€29,179 | +371% |
| Debt charges | 650 | - | €229 | +€229 | |
| Other financial charges | 652/9 | €7,860 | €36,809 | +€28,950 | +368% |
| Profit (loss) for the period before taxes | 9903 | €110,612 | €206,390 | +€95,778 | +86.6% |
| Income taxes | 67/77 | €96,419 | €114,453 | +€18,035 | +18.7% |
| Taxes | 670/3 | €96,419 | €127,963 | +€31,544 | +32.7% |
| Tax adjustments and reversals of tax provisions | 77 | - | €13,510 | +€13,510 | |
| Profit (loss) for the period | 9904 | €14,193 | €91,936 | +€77,743 | +548% |
| Profit (loss) for the period to be appropriated | 9905 | €14,193 | €91,936 | +€77,743 | +548% |
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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 2 November 2026 via checked.be.