KS Advice: 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.
KS Advice
Largest movements
- Cash +€62,109
up €62,109 (+56.1%), from €110,705 to €172,815
mainly Net result for the year (+€57,843) and Depreciation (+€3,646)
- Reserves +€57,843
up €57,843 (+56.0%), from €103,364 to €161,207
- Gross operating margin +€5,115
up €5,115 (+6.9%), from €74,418 to €79,532
- Financial charges +€1,195
up €1,195 (+2,968%), from €40 to €1,236
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 | €154,614 | €215,464 | +€60,850 | +39.4% |
| Fixed assets | 21/28 | €21,632 | €20,628 | -€1,003 | -4.6% |
| Tangible fixed assets | 22/27 | €21,632 | €20,628 | -€1,003 | -4.6% |
| Furniture and vehicles | 24 | €21,632 | €20,628 | -€1,003 | -4.6% |
| Current assets | 29/58 | €132,982 | €194,835 | +€61,853 | +46.5% |
| Amounts receivable within one year | 40/41 | €20,826 | €20,570 | -€256 | -1.2% |
| Trade receivables | 40 | €20,826 | €20,570 | -€256 | -1.2% |
| Cash at bank and in hand | 54/58 | €110,705 | €172,815 | +€62,109 | +56.1% |
| Deferred charges and accrued income | 490/1 | €1,451 | €1,451 | = | 0.0% |
| Total equity and liabilities | 10/49 | €154,614 | €215,464 | +€60,850 | +39.4% |
| Equity | 10/15 | €108,364 | €166,207 | +€57,843 | +53.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €103,364 | €161,207 | +€57,843 | +56.0% |
| Distributable reserves | 133 | €103,364 | €161,207 | +€57,843 | +56.0% |
| Amounts payable | 17/49 | €46,250 | €49,257 | +€3,007 | +6.5% |
| Amounts payable within one year | 42/48 | €46,250 | €49,257 | +€3,007 | +6.5% |
| Trade debts | 44 | €865 | €1,054 | +€190 | +21.9% |
| Suppliers | 440/4 | €865 | €1,054 | +€190 | +21.9% |
| Taxes, remuneration and social security | 45 | €41,603 | €43,715 | +€2,112 | +5.1% |
| Taxes | 450/3 | €41,603 | €43,715 | +€2,112 | +5.1% |
| Other amounts payable | 47/48 | €3,782 | €4,487 | +€705 | +18.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,158 | €3,646 | +€487 | +15.4% |
| Other operating charges | 640/8 | €256 | €173 | -€83 | -32.5% |
| Gross operating margin | 9900 | €74,418 | €79,532 | +€5,115 | +6.9% |
| Operating profit (loss) | 9901 | €71,003 | €75,714 | +€4,711 | +6.6% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €40 | €1,236 | +€1,195 | +2,968% |
| Recurring financial charges | 65 | €40 | €1,236 | +€1,195 | +2,968% |
| Profit (loss) for the period before taxes | 9903 | €70,963 | €74,479 | +€3,516 | +5.0% |
| Income taxes | 67/77 | €16,859 | €16,636 | -€223 | -1.3% |
| Profit (loss) for the period | 9904 | €54,104 | €57,843 | +€3,739 | +6.9% |
| Profit (loss) for the period to be appropriated | 9905 | €54,104 | €57,843 | +€3,739 | +6.9% |
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.