KS Montage: what changed
What changed
KS Montage
NACE 16.110, Sawmilling and planing of wood
filed annual accounts (NBB)
Net result for the year
€1,052
2021 · €3,856-€2,804
Equity
€120,307
2021 · €120,256+€52
Cash
€26,004
2021 · €24,532+€1,473
Balance sheet total
€153,492
2021 · €151,645+€1,847
Largest movements
Assets
- Stocks and contracts +€6,607
up €6,607 (+26.1%), from €25,282 to €31,889
of which Contracts in progress: +€6,000
- Tangible fixed assets -€2,980
down €2,980 (-53.2%), from €5,605 to €2,625
of which Furniture and vehicles: -€2,980
- Receivables within one year -€1,892
down €1,892 (-3.0%), from €62,200 to €60,308
of which Trade receivables: -€4,234
Equity and liabilities
- Debts after one year -€2,290
no longer reported in 2022 (was €2,290)
- Advances received +€1,795
new in 2022: €1,795
- Trade debts +€1,597
up €1,597 (+10.6%), from €15,048 to €16,645
- Tax, wage and social debts +€1,589
up €1,589 (+202%), from €788 to €2,377
Income statement
- Gross operating margin -€4,660
down €4,660 (-40.7%), from €11,464 to €6,804
- Taxes -€808
down €808 (-37.8%), from €2,138 to €1,330
- Financial charges -€582
down €582 (-21.4%), from €2,716 to €2,134
- Financial income +€419
up €419 (+20.2%), from €2,069 to €2,487
- Other operating charges -€220
down €220 (-27.0%), from €814 to €594
Change in the result, 2021 to 2022
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2021
€3,856
Gross operating margin
-€4,660
Depreciation
-€173
Other operating charges
+€220
Financial income
+€419
Financial charges
+€582
Taxes
+€808
Result 2022
€1,052
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2021 and 2022 balance sheets and the 2022 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€6,532
Investment
-€1,200
Financing
-€3,859
Cash 2021
€24,532
From operations (derived)
+€6,532
Net result for the year
+€1,052
Depreciation
+€4,180
Stocks and contracts
-€6,607
Receivables within one year
+€1,892
Deferred charges and accrued income
+€1,361
Trade debts
+€1,597
Tax, wage and social debts
+€1,589
Advances received
+€1,795
Accrued charges and deferred income
-€326
Investment (derived)
-€1,200
Investment in fixed assets (net)
-€1,200
Financing
-€3,859
Debts after one year
-€2,290
Current portion of long-term debt
-€569
Contributions, distributions and other
-€1,000
Cash 2022
€26,004
brings cash intakes cash out
Every line side by side
| Line | Code | 2021 | 2022 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €151,645 | €153,492 | +€1,847 | +1.2% |
| Fixed assets | 21/28 | €7,075 | €4,095 | -€2,980 | -42.1% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €5,605 | €2,625 | -€2,980 | -53.2% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €5,605 | €2,625 | -€2,980 | -53.2% |
| Financial fixed assets | 28 | €1,470 | €1,470 | = | 0.0% |
| Current assets | 29/58 | €144,570 | €149,397 | +€4,827 | +3.3% |
| Amounts receivable after more than one year | 29 | €30,000 | €30,000 | = | 0.0% |
| Other amounts receivable | 291 | €30,000 | €30,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €25,282 | €31,889 | +€6,607 | +26.1% |
| Stocks | 30/36 | €25,282 | €25,889 | +€607 | +2.4% |
| Contracts in progress | 37 | - | €6,000 | +€6,000 | |
| Amounts receivable within one year | 40/41 | €62,200 | €60,308 | -€1,892 | -3.0% |
| Trade receivables | 40 | €36,557 | €32,323 | -€4,234 | -11.6% |
| Other amounts receivable | 41 | €25,643 | €27,985 | +€2,342 | +9.1% |
| Cash at bank and in hand | 54/58 | €24,532 | €26,004 | +€1,473 | +6.0% |
| Deferred charges and accrued income | 490/1 | €2,556 | €1,195 | -€1,361 | -53.2% |
| Total equity and liabilities | 10/49 | €151,645 | €153,492 | +€1,847 | +1.2% |
| Equity | 10/15 | €120,256 | €120,307 | +€52 | 0.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €113,377 | €113,377 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €111,517 | €111,517 | = | 0.0% |
| Profit (loss) carried forward | 14 | €678 | €730 | +€52 | +7.6% |
| Amounts payable | 17/49 | €31,389 | €33,184 | +€1,795 | +5.7% |
| Amounts payable after more than one year | 17 | €2,290 | - | -€2,290 | |
| Financial debts | 170/4 | €2,290 | - | -€2,290 | |
| Amounts payable within one year | 42/48 | €28,693 | €33,104 | +€4,411 | +15.4% |
| Current portion of amounts payable after more than one year | 42 | €2,857 | €2,288 | -€569 | -19.9% |
| Financial debts | 43 | €9,000 | €9,000 | = | 0.0% |
| Credit institutions | 430/8 | €9,000 | €9,000 | = | 0.0% |
| Trade debts | 44 | €15,048 | €16,645 | +€1,597 | +10.6% |
| Suppliers | 440/4 | €15,048 | €16,645 | +€1,597 | +10.6% |
| Advances received on contracts in progress | 46 | - | €1,795 | +€1,795 | |
| Taxes, remuneration and social security | 45 | €788 | €2,377 | +€1,589 | +202% |
| Taxes | 450/3 | €788 | €2,377 | +€1,589 | +202% |
| Other amounts payable | 47/48 | €1,000 | €1,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €406 | €80 | -€326 | -80.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,008 | €4,180 | +€173 | +4.3% |
| Other operating charges | 640/8 | €814 | €594 | -€220 | -27.0% |
| Gross operating margin | 9900 | €11,464 | €6,804 | -€4,660 | -40.7% |
| Operating profit (loss) | 9901 | €6,642 | €2,029 | -€4,613 | -69.5% |
| Financial income | 75/76B | €2,069 | €2,487 | +€419 | +20.2% |
| Recurring financial income | 75 | €2,069 | €2,487 | +€419 | +20.2% |
| Financial charges | 65/66B | €2,716 | €2,134 | -€582 | -21.4% |
| Recurring financial charges | 65 | €2,716 | €2,134 | -€582 | -21.4% |
| Profit (loss) for the period before taxes | 9903 | €5,994 | €2,382 | -€3,612 | -60.3% |
| Income taxes | 67/77 | €2,138 | €1,330 | -€808 | -37.8% |
| Profit (loss) for the period | 9904 | €3,856 | €1,052 | -€2,804 | -72.7% |
| Profit (loss) for the period to be appropriated | 9905 | €3,856 | €1,052 | -€2,804 | -72.7% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2021 and 31 December 2022. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.