KPS: 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.
KPS
Largest movements
- Cash -€15,520
down €15,520 (-68.6%), from €22,625 to €7,105
mainly Investment in fixed assets (net) (-€57,698) and Debts after one year (-€40,701)
- Receivables within one year +€11,143
up €11,143 (+29.4%), from €37,934 to €49,076
- Deferred charges and accrued income -€10,230
down €10,230 (-88.0%), from €11,625 to €1,395
- Debts after one year -€40,701
down €40,701 (-17.3%), from €235,775 to €195,074
- Reserves +€31,030
up €31,030 (+9.4%), from €329,122 to €360,152
- Tax, wage and social debts -€23,922
down €23,922 (-41.7%), from €57,388 to €33,466
of which Taxes: -€23,951
- Accrued charges and deferred income +€18,783
up €18,783 (+1,617%), from €1,162 to €19,944
- Trade debts -€7,841
down €7,841 (-83.3%), from €9,409 to €1,569
- Gross operating margin -€17,103
down €17,103 (-12.5%), from €136,303 to €119,201
- Depreciation +€8,111
up €8,111 (+14.7%), from €55,256 to €63,367
- Taxes -€4,547
down €4,547 (-22.0%), from €20,649 to €16,102
- Other operating charges +€2,605
new in 2025: €2,605
- Financial charges -€2,409
down €2,409 (-28.3%), from €8,506 to €6,097
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 | €707,083 | €686,808 | -€20,276 | -2.9% |
| Fixed assets | 21/28 | €627,399 | €621,730 | -€5,669 | -0.9% |
| Tangible fixed assets | 22/27 | €627,399 | €621,730 | -€5,669 | -0.9% |
| Land and buildings | 22 | €567,578 | €577,618 | +€10,039 | +1.8% |
| Furniture and vehicles | 24 | €59,820 | €44,112 | -€15,708 | -26.3% |
| Current assets | 29/58 | €79,685 | €65,078 | -€14,607 | -18.3% |
| Amounts receivable within one year | 40/41 | €37,934 | €49,076 | +€11,143 | +29.4% |
| Trade receivables | 40 | €37,934 | €49,076 | +€11,143 | +29.4% |
| Current investments | 50/53 | €7,502 | €7,502 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €22,625 | €7,105 | -€15,520 | -68.6% |
| Deferred charges and accrued income | 490/1 | €11,625 | €1,395 | -€10,230 | -88.0% |
| Total equity and liabilities | 10/49 | €707,083 | €686,808 | -€20,276 | -2.9% |
| Equity | 10/15 | €335,322 | €366,352 | +€31,030 | +9.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €329,122 | €360,152 | +€31,030 | +9.4% |
| Distributable reserves | 133 | €329,122 | €360,152 | +€31,030 | +9.4% |
| Amounts payable | 17/49 | €371,761 | €320,455 | -€51,306 | -13.8% |
| Amounts payable after more than one year | 17 | €235,775 | €195,074 | -€40,701 | -17.3% |
| Financial debts | 170/4 | €235,775 | €195,074 | -€40,701 | -17.3% |
| Amounts payable within one year | 42/48 | €134,825 | €105,437 | -€29,387 | -21.8% |
| Current portion of amounts payable after more than one year | 42 | €39,632 | €40,701 | +€1,069 | +2.7% |
| Trade debts | 44 | €9,409 | €1,569 | -€7,841 | -83.3% |
| Suppliers | 440/4 | €9,409 | €1,569 | -€7,841 | -83.3% |
| Taxes, remuneration and social security | 45 | €57,388 | €33,466 | -€23,922 | -41.7% |
| Taxes | 450/3 | €54,219 | €30,268 | -€23,951 | -44.2% |
| Remuneration and social security | 454/9 | €3,169 | €3,198 | +€29 | +0.9% |
| Other amounts payable | 47/48 | €28,396 | €29,702 | +€1,306 | +4.6% |
| Accrued charges and deferred income | 492/3 | €1,162 | €19,944 | +€18,783 | +1,617% |
| Non-recurring operating income | 76A | - | €15,312 | +€15,312 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €55,256 | €63,367 | +€8,111 | +14.7% |
| Other operating charges | 640/8 | - | €2,605 | +€2,605 | |
| Gross operating margin | 9900 | €136,303 | €119,201 | -€17,103 | -12.5% |
| Operating profit (loss) | 9901 | €81,047 | €53,228 | -€27,819 | -34.3% |
| Financial charges | 65/66B | €8,506 | €6,097 | -€2,409 | -28.3% |
| Recurring financial charges | 65 | €8,506 | €6,097 | -€2,409 | -28.3% |
| Profit (loss) for the period before taxes | 9903 | €72,541 | €47,132 | -€25,409 | -35.0% |
| Income taxes | 67/77 | €20,649 | €16,102 | -€4,547 | -22.0% |
| Profit (loss) for the period | 9904 | €51,892 | €31,030 | -€20,862 | -40.2% |
| Profit (loss) for the period to be appropriated | 9905 | €51,892 | €31,030 | -€20,862 | -40.2% |
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 15 October 2026 via checked.be.