KS Construct: 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 Construct
Largest movements
- Receivables within one year +€14,874
up €14,874 (+41.2%), from €36,131 to €51,005
of which Trade receivables: +€14,506
- Tangible fixed assets -€5,075
down €5,075 (-100%), from €5,075 to €0
- Cash +€5,063
up €5,063 (+2,049%), from €247 to €5,310
mainly Net result for the year (+€19,909) and Depreciation (+€5,075)
- Profit (loss) carried forward +€19,909
up €19,909 (+36.5%), from -€54,582 to -€34,673
- Current portion of long-term debt -€5,433
down €5,433 (-100%), from €5,433 to €0
- Gross operating margin +€23,096
up €23,096 (+779%), from €2,965 to €26,062
- Depreciation -€2,537
down €2,537 (-33.3%), from €7,612 to €5,075
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 | €404,963 | €419,669 | +€14,706 | +3.6% |
| Fixed assets | 21/28 | €367,575 | €362,500 | -€5,075 | -1.4% |
| Tangible fixed assets | 22/27 | €5,075 | €0 | -€5,075 | -100% |
| Furniture and vehicles | 24 | €5,075 | €0 | -€5,075 | -100% |
| Financial fixed assets | 28 | €362,500 | €362,500 | = | 0.0% |
| Current assets | 29/58 | €37,388 | €57,169 | +€19,781 | +52.9% |
| Amounts receivable within one year | 40/41 | €36,131 | €51,005 | +€14,874 | +41.2% |
| Trade receivables | 40 | €36,075 | €50,581 | +€14,506 | +40.2% |
| Other amounts receivable | 41 | €56 | €424 | +€368 | +654% |
| Cash at bank and in hand | 54/58 | €247 | €5,310 | +€5,063 | +2,049% |
| Deferred charges and accrued income | 490/1 | €1,010 | €854 | -€156 | -15.4% |
| Total equity and liabilities | 10/49 | €404,963 | €419,669 | +€14,706 | +3.6% |
| Equity | 10/15 | €315,978 | €335,887 | +€19,909 | +6.3% |
| Contributions | 10/11 | €368,700 | €368,700 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€54,582 | -€34,673 | +€19,909 | +36.5% |
| Amounts payable | 17/49 | €88,986 | €83,782 | -€5,204 | -5.8% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €88,986 | €83,782 | -€5,204 | -5.8% |
| Current portion of amounts payable after more than one year | 42 | €5,433 | €0 | -€5,433 | -100% |
| Trade debts | 44 | €1,774 | €2,190 | +€416 | +23.4% |
| Suppliers | 440/4 | €1,774 | €2,190 | +€416 | +23.4% |
| Taxes, remuneration and social security | 45 | €2,036 | €1,903 | -€133 | -6.5% |
| Taxes | 450/3 | €2,036 | €1,903 | -€133 | -6.5% |
| Other amounts payable | 47/48 | €79,744 | €79,690 | -€54 | -0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,612 | €5,075 | -€2,537 | -33.3% |
| Other operating charges | 640/8 | €687 | €833 | +€145 | +21.2% |
| Gross operating margin | 9900 | €2,965 | €26,062 | +€23,096 | +779% |
| Operating profit (loss) | 9901 | -€5,334 | €20,154 | +€25,488 | |
| Financial charges | 65/66B | €407 | €245 | -€162 | -39.8% |
| Recurring financial charges | 65 | €407 | €245 | -€162 | -39.8% |
| Profit (loss) for the period before taxes | 9903 | -€5,741 | €19,909 | +€25,650 | |
| Profit (loss) for the period | 9904 | -€5,741 | €19,909 | +€25,650 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,741 | €19,909 | +€25,650 |
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 16 October 2026 via checked.be.