KS CONSTRUCTION: what changed
Two fiscal 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 CONSTRUCTION
Largest movements
- Tangible fixed assets -€108,328
down €108,328 (-9.5%), from €1.1m to €1.0m
of which Plant, machinery and equipment: -€91,278
- Cash +€19,104
up €19,104 (+64.6%), from €29,559 to €48,663
mainly Depreciation (+€108,328) and Deferred charges and accrued income (+€11,500)
- Debts after one year -€75,124
down €75,124 (-6.6%), from €1.1m to €1.1m
- Gross operating margin +€25,756
up €25,756 (+25.8%), from €99,822 to €125,579
- Financial charges -€2,302
down €2,302 (-15.0%), from €15,365 to €13,064
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.
Cash bridge derived
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 | €1,269,636 | €1,177,871 | -€91,765 | -7.2% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €1,146,105 | €1,037,777 | -€108,328 | -9.5% |
| Tangible fixed assets | 22/27 | €1,146,105 | €1,037,777 | -€108,328 | -9.5% |
| Land and buildings | 22 | €213,850 | €203,275 | -€10,575 | -4.9% |
| Plant, machinery and equipment | 23 | €919,181 | €827,903 | -€91,278 | -9.9% |
| Furniture and vehicles | 24 | €13,074 | €6,599 | -€6,475 | -49.5% |
| Current assets | 29/58 | €123,531 | €140,094 | +€16,563 | +13.4% |
| Amounts receivable within one year | 40/41 | €0 | €8,959 | +€8,959 | |
| Trade receivables | 40 | €0 | €8,959 | +€8,959 | |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €29,559 | €48,663 | +€19,104 | +64.6% |
| Deferred charges and accrued income | 490/1 | €93,972 | €82,472 | -€11,500 | -12.2% |
| Total equity and liabilities | 10/49 | €1,269,636 | €1,177,871 | -€91,765 | -7.2% |
| Equity | 10/15 | -€191,902 | -€196,249 | -€4,347 | -2.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€210,502 | -€214,849 | -€4,347 | -2.1% |
| Amounts payable | 17/49 | €1,461,537 | €1,374,120 | -€87,418 | -6.0% |
| Amounts payable after more than one year | 17 | €1,135,061 | €1,059,936 | -€75,124 | -6.6% |
| Financial debts | 170/4 | €1,135,061 | €1,059,936 | -€75,124 | -6.6% |
| Amounts payable within one year | 42/48 | €318,369 | €309,033 | -€9,336 | -2.9% |
| Current portion of amounts payable after more than one year | 42 | €61,413 | €61,413 | +€0 | 0.0% |
| Trade debts | 44 | €2,693 | €1,382 | -€1,312 | -48.7% |
| Suppliers | 440/4 | €2,693 | €1,382 | -€1,312 | -48.7% |
| Advances received on contracts in progress | 46 | €10,063 | €11,585 | +€1,522 | +15.1% |
| Taxes, remuneration and social security | 45 | €4,200 | €2,653 | -€1,547 | -36.8% |
| Taxes | 450/3 | €4,200 | €2,653 | -€1,547 | -36.8% |
| Other amounts payable | 47/48 | €240,000 | €232,000 | -€8,000 | -3.3% |
| Accrued charges and deferred income | 492/3 | €8,107 | €5,151 | -€2,957 | -36.5% |
| Non-recurring operating income | 76A | €2,781 | €0 | -€2,781 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €108,926 | €108,328 | -€598 | -0.5% |
| Other operating charges | 640/8 | €9,258 | €8,534 | -€724 | -7.8% |
| Gross operating margin | 9900 | €99,822 | €125,579 | +€25,756 | +25.8% |
| Operating profit (loss) | 9901 | -€18,361 | €8,717 | +€27,078 | |
| Financial income | 75/76B | €449 | €0 | -€449 | -100.0% |
| Recurring financial income | 75 | €449 | €0 | -€449 | -100.0% |
| Financial charges | 65/66B | €15,365 | €13,064 | -€2,302 | -15.0% |
| Recurring financial charges | 65 | €15,365 | €13,064 | -€2,302 | -15.0% |
| Profit (loss) for the period before taxes | 9903 | -€33,277 | -€4,347 | +€28,930 | +86.9% |
| Profit (loss) for the period | 9904 | -€33,277 | -€4,347 | +€28,930 | +86.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€33,277 | -€4,347 | +€28,930 | +86.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.