KS Konstrukt: what changed
KS Konstrukt
Largest movements
- Tangible fixed assets +€306,033
up €306,033 (+89.1%), from €343,451 to €649,484
of which Land and buildings: +€295,253
- Cash +€17,076
up €17,076 (+3,524%), from €485 to €17,560
mainly Debts after one year (+€194,339) and Other debts (+€159,896)
- Debts after one year +€194,339
up €194,339 (+119%), from €163,667 to €358,006
- Other debts +€159,896
up €159,896 (+474%), from €33,745 to €193,641
- Tax, wage and social debts -€26,791
down €26,791 (-93.4%), from €28,688 to €1,896
of which Taxes: -€24,677
- Current portion of long-term debt +€15,201
up €15,201 (+88.2%), from €17,228 to €32,429
- Reserves -€13,605
down €13,605 (-14.6%), from €92,890 to €79,285
of which Distributable reserves: -€11,745
- Gross operating margin +€18,768
up €18,768 (+74.0%), from €25,372 to €44,140
- Depreciation +€17,625
up €17,625 (+114%), from €15,514 to €33,139
- Financial charges +€4,400
up €4,400 (+144%), from €3,063 to €7,463
- Other operating charges +€1,491
up €1,491 (+80.5%), from €1,852 to €3,343
- Taxes -€1,163
down €1,163 (-68.3%), from €1,703 to €540
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €356,460 | €684,568 | +€328,108 | +92.0% |
| Fixed assets | 21/28 | €343,451 | €649,484 | +€306,033 | +89.1% |
| Tangible fixed assets | 22/27 | €343,451 | €649,484 | +€306,033 | +89.1% |
| Land and buildings | 22 | €333,324 | €628,577 | +€295,253 | +88.6% |
| Plant, machinery and equipment | 23 | €10,126 | €11,109 | +€982 | +9.7% |
| Leasing and similar rights | 25 | - | €9,798 | +€9,798 | |
| Current assets | 29/58 | €13,009 | €35,084 | +€22,075 | +170% |
| Amounts receivable within one year | 40/41 | €9,075 | €13,227 | +€4,152 | +45.8% |
| Trade receivables | 40 | €9,075 | €13,227 | +€4,152 | +45.8% |
| Current investments | 50/53 | €3,000 | €3,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €485 | €17,560 | +€17,076 | +3,524% |
| Deferred charges and accrued income | 490/1 | €450 | €1,297 | +€847 | +188% |
| Total equity and liabilities | 10/49 | €356,460 | €684,568 | +€328,108 | +92.0% |
| Equity | 10/15 | €112,200 | €98,595 | -€13,604 | -12.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €92,890 | €79,285 | -€13,605 | -14.6% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €91,030 | €79,285 | -€11,745 | -12.9% |
| Profit (loss) carried forward | 14 | €710 | €710 | +€1 | +0.1% |
| Amounts payable | 17/49 | €244,260 | €585,973 | +€341,713 | +140% |
| Amounts payable after more than one year | 17 | €163,667 | €358,006 | +€194,339 | +119% |
| Financial debts | 170/4 | €163,667 | €358,006 | +€194,339 | +119% |
| Amounts payable within one year | 42/48 | €80,594 | €227,967 | +€147,373 | +183% |
| Current portion of amounts payable after more than one year | 42 | €17,228 | €32,429 | +€15,201 | +88.2% |
| Trade debts | 44 | €933 | - | -€933 | |
| Suppliers | 440/4 | €933 | - | -€933 | |
| Taxes, remuneration and social security | 45 | €28,688 | €1,896 | -€26,791 | -93.4% |
| Taxes | 450/3 | €26,573 | €1,896 | -€24,677 | -92.9% |
| Remuneration and social security | 454/9 | €2,114 | - | -€2,114 | |
| Other amounts payable | 47/48 | €33,745 | €193,641 | +€159,896 | +474% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,514 | €33,139 | +€17,625 | +114% |
| Other operating charges | 640/8 | €1,852 | €3,343 | +€1,491 | +80.5% |
| Gross operating margin | 9900 | €25,372 | €44,140 | +€18,768 | +74.0% |
| Operating profit (loss) | 9901 | €8,006 | €7,658 | -€348 | -4.3% |
| Financial income | 75/76B | €0 | €740 | +€740 | +164,362% |
| Recurring financial income | 75 | €0 | €740 | +€740 | +164,362% |
| Financial charges | 65/66B | €3,063 | €7,463 | +€4,400 | +144% |
| Recurring financial charges | 65 | €3,063 | €7,463 | +€4,400 | +144% |
| Profit (loss) for the period before taxes | 9903 | €4,944 | €936 | -€4,008 | -81.1% |
| Income taxes | 67/77 | €1,703 | €540 | -€1,163 | -68.3% |
| Profit (loss) for the period | 9904 | €3,241 | €396 | -€2,845 | -87.8% |
| Profit (loss) for the period to be appropriated | 9905 | €3,241 | €396 | -€2,845 | -87.8% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.