KS-Law: 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-Law
Largest movements
- Cash +€49,763
up €49,763 (+112%), from €44,598 to €94,361
mainly Net result for the year (+€64,604) and Tax, wage and social debts (+€12,409)
- Receivables within one year +€9,265
up €9,265 (+194%), from €4,780 to €14,046
of which Trade receivables: +€9,507
- Tangible fixed assets +€8,376
new in 2025: €8,376
of which Furniture and vehicles: +€7,564
- Deferred charges and accrued income +€1,964
new in 2025: €1,964
- Reserves +€60,000
up €60,000 (+200%), from €30,000 to €90,000
- Debts after one year -€18,404
down €18,404 (-34.2%), from €53,848 to €35,444
- Tax, wage and social debts +€12,409
up €12,409 (+251%), from €4,941 to €17,351
of which Taxes: +€9,415
- Other debts +€9,283
up €9,283 (+193%), from €4,811 to €14,094
- Profit (loss) carried forward +€4,604
up €4,604 (+156%), from €2,957 to €7,561
- Gross operating margin +€48,379
up €48,379 (+102%), from €47,610 to €95,989
- Taxes +€12,074
up €12,074 (+95.2%), from €12,687 to €24,761
- Financial charges +€2,468
up €2,468 (+236%), from €1,046 to €3,514
- Other operating charges +€1,227
up €1,227 (+133%), from €919 to €2,146
- Depreciation +€1,184
new in 2025: €1,184
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 | €118,378 | €187,747 | +€69,368 | +58.6% |
| Fixed assets | 21/28 | - | €8,376 | +€8,376 | |
| Tangible fixed assets | 22/27 | - | €8,376 | +€8,376 | |
| Furniture and vehicles | 24 | - | €7,564 | +€7,564 | |
| Other tangible fixed assets | 26 | - | €812 | +€812 | |
| Current assets | 29/58 | €118,378 | €179,371 | +€60,992 | +51.5% |
| Amounts receivable within one year | 40/41 | €4,780 | €14,046 | +€9,265 | +194% |
| Trade receivables | 40 | €2,468 | €11,975 | +€9,507 | +385% |
| Other amounts receivable | 41 | €2,313 | €2,071 | -€242 | -10.5% |
| Current investments | 50/53 | €69,000 | €69,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €44,598 | €94,361 | +€49,763 | +112% |
| Deferred charges and accrued income | 490/1 | - | €1,964 | +€1,964 | |
| Total equity and liabilities | 10/49 | €118,378 | €187,747 | +€69,368 | +58.6% |
| Equity | 10/15 | €35,457 | €100,061 | +€64,604 | +182% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €30,000 | €90,000 | +€60,000 | +200% |
| Distributable reserves | 133 | €30,000 | €90,000 | +€60,000 | +200% |
| Profit (loss) carried forward | 14 | €2,957 | €7,561 | +€4,604 | +156% |
| Amounts payable | 17/49 | €82,921 | €87,686 | +€4,765 | +5.7% |
| Amounts payable after more than one year | 17 | €53,848 | €35,444 | -€18,404 | -34.2% |
| Financial debts | 170/4 | €53,848 | €35,444 | -€18,404 | -34.2% |
| Amounts payable within one year | 42/48 | €29,073 | €52,242 | +€23,169 | +79.7% |
| Current portion of amounts payable after more than one year | 42 | €17,713 | €20,797 | +€3,084 | +17.4% |
| Trade debts | 44 | €1,607 | - | -€1,607 | |
| Suppliers | 440/4 | €1,607 | - | -€1,607 | |
| Taxes, remuneration and social security | 45 | €4,941 | €17,351 | +€12,409 | +251% |
| Taxes | 450/3 | €4,941 | €14,357 | +€9,415 | +191% |
| Remuneration and social security | 454/9 | - | €2,994 | +€2,994 | |
| Other amounts payable | 47/48 | €4,811 | €14,094 | +€9,283 | +193% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €1,184 | +€1,184 | |
| Other operating charges | 640/8 | €919 | €2,146 | +€1,227 | +133% |
| Gross operating margin | 9900 | €47,610 | €95,989 | +€48,379 | +102% |
| Operating profit (loss) | 9901 | €46,691 | €92,659 | +€45,968 | +98.5% |
| Financial income | 75/76B | - | €220 | +€220 | |
| Recurring financial income | 75 | - | €220 | +€220 | |
| Financial charges | 65/66B | €1,046 | €3,514 | +€2,468 | +236% |
| Recurring financial charges | 65 | €1,046 | €3,514 | +€2,468 | +236% |
| Profit (loss) for the period before taxes | 9903 | €45,645 | €89,365 | +€43,720 | +95.8% |
| Income taxes | 67/77 | €12,687 | €24,761 | +€12,074 | +95.2% |
| Profit (loss) for the period | 9904 | €32,957 | €64,604 | +€31,647 | +96.0% |
| Profit (loss) for the period to be appropriated | 9905 | €32,957 | €64,604 | +€31,647 | +96.0% |
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 24 October 2026 via checked.be.