KPS Transformation: 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 Transformation
Largest movements
- Financial fixed assets -€1.2m
down €1.2m (-98.2%), from €1.2m to €22,363
- Receivables within one year -€529,940
down €529,940 (-26.2%), from €2.0m to €1.5m
of which Trade receivables: -€586,971
- Cash +€521,341
up €521,341 (+534%), from €97,719 to €619,060
mainly Investment in fixed assets (net) (+€1.2m) and Receivables within one year (+€529,940)
- Tangible fixed assets -€93,083
down €93,083 (-42.4%), from €219,634 to €126,552
of which Furniture and vehicles: -€84,418
- Other debts -€1.3m
down €1.3m (-81.3%), from €1.6m to €300,000
- Short-term financial debts -€217,155
down €217,155 (-86.6%), from €250,817 to €33,661
- Trade debts +€169,633
up €169,633 (+29.7%), from €570,577 to €740,209
- Gross operating margin -€1.1m
down €1.1m (-54.1%), from €2.0m to €898,455
- Taxes -€266,083
down €266,083 (-99.9%), from €266,264 to €181
- Staff costs -€117,241
down €117,241 (-12.4%), from €944,254 to €827,013
- Financial charges +€25,358
up €25,358 (+86.0%), from €29,473 to €54,831
- Write-downs +€21,434
new in 2025: €21,434
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 | €3,595,086 | €2,264,691 | -€1.3m | -37.0% |
| Fixed assets | 21/28 | €1,441,997 | €148,915 | -€1.3m | -89.7% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €219,634 | €126,552 | -€93,083 | -42.4% |
| Plant, machinery and equipment | 23 | €2,409 | €1,884 | -€524 | -21.8% |
| Furniture and vehicles | 24 | €146,671 | €62,253 | -€84,418 | -57.6% |
| Leasing and similar rights | 25 | €0 | - | = | |
| Other tangible fixed assets | 26 | €70,555 | €62,414 | -€8,141 | -11.5% |
| Financial fixed assets | 28 | €1,222,363 | €22,363 | -€1.2m | -98.2% |
| Current assets | 29/58 | €2,153,089 | €2,115,776 | -€37,313 | -1.7% |
| Amounts receivable within one year | 40/41 | €2,022,818 | €1,492,878 | -€529,940 | -26.2% |
| Trade receivables | 40 | €1,988,717 | €1,401,746 | -€586,971 | -29.5% |
| Other amounts receivable | 41 | €34,100 | €91,132 | +€57,031 | +167% |
| Cash at bank and in hand | 54/58 | €97,719 | €619,060 | +€521,341 | +534% |
| Deferred charges and accrued income | 490/1 | €32,552 | €3,838 | -€28,714 | -88.2% |
| Total equity and liabilities | 10/49 | €3,595,086 | €2,264,691 | -€1.3m | -37.0% |
| Equity | 10/15 | €926,123 | €944,600 | +€18,477 | +2.0% |
| Contributions | 10/11 | €18,980 | €18,980 | = | 0.0% |
| Reserves | 13 | €1,898 | €1,898 | = | 0.0% |
| Distributable reserves | 133 | €1,898 | €1,898 | = | 0.0% |
| Profit (loss) carried forward | 14 | €905,245 | €923,722 | +€18,477 | +2.0% |
| Amounts payable | 17/49 | €2,668,963 | €1,320,090 | -€1.3m | -50.5% |
| Amounts payable after more than one year | 17 | €2,124 | €0 | -€2,124 | -100% |
| Financial debts | 170/4 | €2,124 | €0 | -€2,124 | -100% |
| Amounts payable within one year | 42/48 | €2,664,768 | €1,316,895 | -€1.3m | -50.6% |
| Current portion of amounts payable after more than one year | 42 | €37,064 | €6,305 | -€30,759 | -83.0% |
| Financial debts | 43 | €250,817 | €33,661 | -€217,155 | -86.6% |
| Credit institutions | 430/8 | €250,817 | €33,661 | -€217,155 | -86.6% |
| Trade debts | 44 | €570,577 | €740,209 | +€169,633 | +29.7% |
| Suppliers | 440/4 | €570,577 | €740,209 | +€169,633 | +29.7% |
| Taxes, remuneration and social security | 45 | €206,311 | €236,720 | +€30,409 | +14.7% |
| Taxes | 450/3 | €11,355 | €43,533 | +€32,178 | +283% |
| Remuneration and social security | 454/9 | €194,956 | €193,187 | -€1,770 | -0.9% |
| Other amounts payable | 47/48 | €1,600,000 | €300,000 | -€1.3m | -81.3% |
| Accrued charges and deferred income | 492/3 | €2,071 | €3,196 | +€1,125 | +54.3% |
| Non-recurring operating income | 76A | €0 | €6,345 | +€6,345 | |
| Remuneration, social security and pensions | 62 | €944,254 | €827,013 | -€117,241 | -12.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €60,533 | €49,657 | -€10,875 | -18.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €21,434 | +€21,434 | |
| Other operating charges | 640/8 | €0 | €565 | +€565 | |
| Gross operating margin | 9900 | €1,956,852 | €898,455 | -€1.1m | -54.1% |
| Operating profit (loss) | 9901 | €952,065 | -€214 | -€952,279 | |
| Financial income | 75/76B | €75,218 | €73,704 | -€1,514 | -2.0% |
| Recurring financial income | 75 | €75,218 | €73,704 | -€1,514 | -2.0% |
| Financial charges | 65/66B | €29,473 | €54,831 | +€25,358 | +86.0% |
| Recurring financial charges | 65 | €29,473 | €54,831 | +€25,358 | +86.0% |
| Profit (loss) for the period before taxes | 9903 | €997,810 | €18,658 | -€979,152 | -98.1% |
| Income taxes | 67/77 | €266,264 | €181 | -€266,083 | -99.9% |
| Profit (loss) for the period | 9904 | €731,546 | €18,477 | -€713,069 | -97.5% |
| Profit (loss) for the period to be appropriated | 9905 | €731,546 | €18,477 | -€713,069 | -97.5% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.