KGS Systems: 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.
KGS Systems
Largest movements
- Receivables within one year +€24,916
up €24,916 (+59.7%), from €41,756 to €66,672
of which Other amounts receivable: +€17,411
- Tangible fixed assets -€748
no longer reported in 2025 (was €748)
- Trade debts +€12,103
up €12,103 (+185%), from €6,546 to €18,648
- Tax, wage and social debts +€10,974
up €10,974 (+437%), from €2,513 to €13,486
- Profit (loss) carried forward +€1,284
up €1,284 (+5.1%), from €25,426 to €26,710
- Depreciation -€3,294
down €3,294 (-100.0%), from €3,295 to €0
- Other operating charges +€1,444
up €1,444 (+69.6%), from €2,077 to €3,521
- Financial charges -€1,334
down €1,334 (-29.4%), from €4,532 to €3,198
- Gross operating margin -€1,193
down €1,193 (-11.3%), from €10,533 to €9,340
- Taxes +€996
up €996 (+269%), from €371 to €1,367
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 | €46,484 | €70,845 | +€24,361 | +52.4% |
| Fixed assets | 21/28 | €748 | - | -€748 | |
| Tangible fixed assets | 22/27 | €748 | - | -€748 | |
| Furniture and vehicles | 24 | €748 | - | -€748 | |
| Current assets | 29/58 | €45,736 | €70,845 | +€25,109 | +54.9% |
| Amounts receivable within one year | 40/41 | €41,756 | €66,672 | +€24,916 | +59.7% |
| Trade receivables | 40 | €24,389 | €31,893 | +€7,505 | +30.8% |
| Other amounts receivable | 41 | €17,367 | €34,779 | +€17,411 | +100% |
| Cash at bank and in hand | 54/58 | €3,980 | €4,173 | +€193 | +4.8% |
| Total equity and liabilities | 10/49 | €46,484 | €70,845 | +€24,361 | +52.4% |
| Equity | 10/15 | €37,426 | €38,710 | +€1,284 | +3.4% |
| Contributions | 10/11 | €12,000 | €12,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €25,426 | €26,710 | +€1,284 | +5.1% |
| Amounts payable | 17/49 | €9,058 | €32,135 | +€23,076 | +255% |
| Amounts payable within one year | 42/48 | €9,058 | €32,135 | +€23,076 | +255% |
| Trade debts | 44 | €6,546 | €18,648 | +€12,103 | +185% |
| Suppliers | 440/4 | €6,546 | €18,648 | +€12,103 | +185% |
| Taxes, remuneration and social security | 45 | €2,513 | €13,486 | +€10,974 | +437% |
| Taxes | 450/3 | €2,513 | €13,486 | +€10,974 | +437% |
| Non-recurring operating income | 76A | - | €79 | +€79 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,295 | €0 | -€3,294 | -100.0% |
| Other operating charges | 640/8 | €2,077 | €3,521 | +€1,444 | +69.6% |
| Gross operating margin | 9900 | €10,533 | €9,340 | -€1,193 | -11.3% |
| Operating profit (loss) | 9901 | €5,162 | €5,818 | +€657 | +12.7% |
| Financial income | 75/76B | €18 | €30 | +€12 | +63.0% |
| Recurring financial income | 75 | €18 | €30 | +€12 | +63.0% |
| Financial charges | 65/66B | €4,532 | €3,198 | -€1,334 | -29.4% |
| Recurring financial charges | 65 | €4,532 | €3,198 | -€1,334 | -29.4% |
| Profit (loss) for the period before taxes | 9903 | €648 | €2,651 | +€2,002 | +309% |
| Income taxes | 67/77 | €371 | €1,367 | +€996 | +269% |
| Profit (loss) for the period | 9904 | €278 | €1,284 | +€1,006 | +362% |
| Profit (loss) for the period to be appropriated | 9905 | €278 | €1,284 | +€1,006 | +362% |
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 18 October 2026 via checked.be.