KS GROUP: 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 GROUP
Largest movements
- Cash -€226,289
down €226,289 (-64.8%), from €349,030 to €122,741
mainly Net result for the year (-€217,097) and Trade debts (-€69,326)
- Receivables within one year -€62,759
down €62,759 (-27.3%), from €229,632 to €166,874
of which Trade receivables: -€68,145
- Deferred charges and accrued income +€29,996
up €29,996 (+47,523%), from €63 to €30,059
- Tangible fixed assets -€20,523
down €20,523 (-20.5%), from €100,294 to €79,771
- Profit (loss) carried forward -€217,097
down €217,097 (-286%), from -€75,959 to -€293,057
- Trade debts -€69,326
down €69,326 (-12.6%), from €551,746 to €482,420
- Other debts +€50,531
up €50,531 (+1,036%), from €4,879 to €55,409
- Tax, wage and social debts -€40,722
down €40,722 (-20.6%), from €197,678 to €156,957
of which Taxes: -€50,065
- Staff costs +€283,231
up €283,231 (+17.5%), from €1.6m to €1.9m
- Gross operating margin +€155,223
up €155,223 (+9.9%), from €1.6m to €1.7m
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €703,344 | €426,730 | -€276,614 | -39.3% |
| Fixed assets | 21/28 | €124,618 | €107,055 | -€17,563 | -14.1% |
| Tangible fixed assets | 22/27 | €100,294 | €79,771 | -€20,523 | -20.5% |
| Furniture and vehicles | 24 | €100,294 | €79,771 | -€20,523 | -20.5% |
| Financial fixed assets | 28 | €24,324 | €27,284 | +€2,960 | +12.2% |
| Current assets | 29/58 | €578,726 | €319,675 | -€259,051 | -44.8% |
| Amounts receivable within one year | 40/41 | €229,632 | €166,874 | -€62,759 | -27.3% |
| Trade receivables | 40 | €227,152 | €159,008 | -€68,145 | -30.0% |
| Other amounts receivable | 41 | €2,480 | €7,866 | +€5,386 | +217% |
| Cash at bank and in hand | 54/58 | €349,030 | €122,741 | -€226,289 | -64.8% |
| Deferred charges and accrued income | 490/1 | €63 | €30,059 | +€29,996 | +47,523% |
| Total equity and liabilities | 10/49 | €703,344 | €426,730 | -€276,614 | -39.3% |
| Equity | 10/15 | -€50,959 | -€268,057 | -€217,097 | -426% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€75,959 | -€293,057 | -€217,097 | -286% |
| Amounts payable | 17/49 | €754,303 | €694,786 | -€59,517 | -7.9% |
| Amounts payable within one year | 42/48 | €754,303 | €694,786 | -€59,517 | -7.9% |
| Trade debts | 44 | €551,746 | €482,420 | -€69,326 | -12.6% |
| Suppliers | 440/4 | €551,746 | €482,420 | -€69,326 | -12.6% |
| Taxes, remuneration and social security | 45 | €197,678 | €156,957 | -€40,722 | -20.6% |
| Taxes | 450/3 | €93,231 | €43,166 | -€50,065 | -53.7% |
| Remuneration and social security | 454/9 | €104,447 | €113,790 | +€9,344 | +8.9% |
| Other amounts payable | 47/48 | €4,879 | €55,409 | +€50,531 | +1,036% |
| Remuneration, social security and pensions | 62 | €1,622,007 | €1,905,239 | +€283,231 | +17.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,434 | €26,258 | -€176 | -0.7% |
| Other operating charges | 640/8 | €5,746 | €11,036 | +€5,290 | +92.1% |
| Gross operating margin | 9900 | €1,570,522 | €1,725,746 | +€155,223 | +9.9% |
| Operating profit (loss) | 9901 | -€83,665 | -€216,787 | -€133,122 | -159% |
| Financial income | 75/76B | €73 | €52 | -€21 | -28.7% |
| Recurring financial income | 75 | €73 | €52 | -€21 | -28.7% |
| Financial charges | 65/66B | €2,706 | €363 | -€2,343 | -86.6% |
| Recurring financial charges | 65 | €2,706 | €363 | -€2,343 | -86.6% |
| Profit (loss) for the period before taxes | 9903 | -€86,298 | -€217,097 | -€130,800 | -152% |
| Income taxes | 67/77 | €185 | - | -€185 | |
| Profit (loss) for the period | 9904 | -€86,483 | -€217,097 | -€130,615 | -151% |
| Profit (loss) for the period to be appropriated | 9905 | -€86,483 | -€217,097 | -€130,615 | -151% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.