KS MC: 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 MC
Largest movements
- Cash +€43,600
up €43,600 (+25.4%), from €171,400 to €215,000
mainly Net result for the year (+€45,739) and Depreciation (+€7,145)
- Tangible fixed assets -€4,266
down €4,266 (-39.9%), from €10,680 to €6,414
of which Furniture and vehicles: -€3,963
- Reserves +€45,739
up €45,739 (+28.4%), from €161,035 to €206,774
- Other debts -€2,991
down €2,991 (-90.8%), from €3,294 to €302
- Current portion of long-term debt -€2,356
no longer reported in 2025 (was €2,356)
- Gross operating margin +€3,157
up €3,157 (+4.3%), from €73,554 to €76,712
- Taxes +€1,002
up €1,002 (+4.5%), from €22,405 to €23,407
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 | €182,944 | €222,203 | +€39,258 | +21.5% |
| Fixed assets | 21/28 | €10,680 | €6,414 | -€4,266 | -39.9% |
| Tangible fixed assets | 22/27 | €10,680 | €6,414 | -€4,266 | -39.9% |
| Furniture and vehicles | 24 | €8,896 | €4,933 | -€3,963 | -44.5% |
| Other tangible fixed assets | 26 | €1,784 | €1,481 | -€303 | -17.0% |
| Current assets | 29/58 | €172,264 | €215,789 | +€43,525 | +25.3% |
| Amounts receivable within one year | 40/41 | €94 | €647 | +€553 | +587.9% |
| Trade receivables | 40 | €94 | €647 | +€553 | +587.9% |
| Cash at bank and in hand | 54/58 | €171,400 | €215,000 | +€43,600 | +25.4% |
| Deferred charges and accrued income | 490/1 | €770 | €142 | -€628 | -81.5% |
| Total equity and liabilities | 10/49 | €182,944 | €222,203 | +€39,258 | +21.5% |
| Equity | 10/15 | €173,435 | €219,174 | +€45,739 | +26.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €161,035 | €206,774 | +€45,739 | +28.4% |
| Distributable reserves | 133 | €161,035 | €206,774 | +€45,739 | +28.4% |
| Amounts payable | 17/49 | €9,509 | €3,028 | -€6,481 | -68.2% |
| Amounts payable within one year | 42/48 | €9,509 | €3,028 | -€6,481 | -68.2% |
| Current portion of amounts payable after more than one year | 42 | €2,356 | - | -€2,356 | |
| Trade debts | 44 | €0 | - | = | |
| Suppliers | 440/4 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €3,860 | €2,726 | -€1,133 | -29.4% |
| Taxes | 450/3 | €3,860 | €2,726 | -€1,133 | -29.4% |
| Other amounts payable | 47/48 | €3,294 | €302 | -€2,991 | -90.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,017 | €7,145 | +€128 | +1.8% |
| Other operating charges | 640/8 | €1,004 | €316 | -€688 | -68.5% |
| Gross operating margin | 9900 | €73,554 | €76,712 | +€3,157 | +4.3% |
| Operating profit (loss) | 9901 | €65,534 | €69,251 | +€3,717 | +5.7% |
| Financial income | 75/76B | €26 | €15 | -€11 | -40.9% |
| Recurring financial income | 75 | €26 | €15 | -€11 | -40.9% |
| Financial charges | 65/66B | €233 | €120 | -€113 | -48.5% |
| Recurring financial charges | 65 | €233 | €120 | -€113 | -48.5% |
| Profit (loss) for the period before taxes | 9903 | €65,327 | €69,146 | +€3,819 | +5.8% |
| Income taxes | 67/77 | €22,405 | €23,407 | +€1,002 | +4.5% |
| Profit (loss) for the period | 9904 | €42,922 | €45,739 | +€2,818 | +6.6% |
| Profit (loss) for the period to be appropriated | 9905 | €42,922 | €45,739 | +€2,818 | +6.6% |
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 12 October 2026 via checked.be.