KS TECHNICAL PROJECTS: what changed
Two fiscal 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 TECHNICAL PROJECTS
Largest movements
- Tangible fixed assets +€292,972
up €292,972 (+494.8%), from €59,216 to €352,187
of which Land and buildings: +€295,425
- Cash -€12,825
down €12,825 (-38.6%), from €33,214 to €20,389
mainly Investment in fixed assets (net) (-€312,044) and Receivables within one year (-€11,006)
- Receivables within one year +€11,006
up €11,006 (+65.0%), from €16,924 to €27,931
of which Trade receivables: +€5,740
- Debts after one year +€264,486
up €264,486 (+1078.7%), from €24,520 to €289,006
of which Financial debts: +€222,486
- Current portion of long-term debt +€15,474
up €15,474 (+144.1%), from €10,740 to €26,214
- Other debts +€14,393
new in 2024: €14,393
- Accrued charges and deferred income -€4,920
no longer reported in 2024 (was €4,920)
- Gross operating margin +€17,408
up €17,408 (+106.8%), from €16,304 to €33,711
- Depreciation +€15,678
up €15,678 (+592.4%), from €2,646 to €18,325
- Financial charges +€5,482
up €5,482 (+208.3%), from €2,632 to €8,114
- Taxes -€1,230
down €1,230 (-35.5%), from €3,464 to €2,234
- Other operating charges +€501
up €501 (+34.2%), from €1,463 to €1,964
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.
Cash bridge derived
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 | €117,596 | €410,935 | +€293,339 | +249.4% |
| Fixed assets | 21/28 | €62,636 | €356,355 | +€293,719 | +468.9% |
| Intangible fixed assets | 21 | - | €3,418 | +€3,418 | |
| Tangible fixed assets | 22/27 | €59,216 | €352,187 | +€292,972 | +494.8% |
| Land and buildings | 22 | - | €295,425 | +€295,425 | |
| Plant, machinery and equipment | 23 | €1,872 | €1,322 | -€550 | -29.4% |
| Furniture and vehicles | 24 | €57,344 | €55,440 | -€1,904 | -3.3% |
| Financial fixed assets | 28 | €3,420 | €750 | -€2,670 | -78.1% |
| Current assets | 29/58 | €54,960 | €54,580 | -€380 | -0.7% |
| Amounts receivable within one year | 40/41 | €16,924 | €27,931 | +€11,006 | +65.0% |
| Trade receivables | 40 | €12,883 | €18,623 | +€5,740 | +44.6% |
| Other amounts receivable | 41 | €4,042 | €9,308 | +€5,266 | +130.3% |
| Current investments | 50/53 | €2,250 | €2,250 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €33,214 | €20,389 | -€12,825 | -38.6% |
| Deferred charges and accrued income | 490/1 | €2,572 | €4,011 | +€1,439 | +55.9% |
| Total equity and liabilities | 10/49 | €117,596 | €410,935 | +€293,339 | +249.4% |
| Equity | 10/15 | €65,847 | €68,947 | +€3,099 | +4.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €59,647 | €62,747 | +€3,099 | +5.2% |
| 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 | €57,787 | €60,887 | +€3,099 | +5.4% |
| Amounts payable | 17/49 | €51,748 | €341,988 | +€290,240 | +560.9% |
| Amounts payable after more than one year | 17 | €24,520 | €289,006 | +€264,486 | +1078.7% |
| Financial debts | 170/4 | €24,520 | €247,006 | +€222,486 | +907.4% |
| Other amounts payable | 178/9 | - | €42,000 | +€42,000 | |
| Amounts payable within one year | 42/48 | €22,309 | €52,982 | +€30,674 | +137.5% |
| Current portion of amounts payable after more than one year | 42 | €10,740 | €26,214 | +€15,474 | +144.1% |
| Trade debts | 44 | €4,253 | €2,946 | -€1,306 | -30.7% |
| Suppliers | 440/4 | €4,253 | €2,946 | -€1,306 | -30.7% |
| Taxes, remuneration and social security | 45 | €7,316 | €9,429 | +€2,112 | +28.9% |
| Taxes | 450/3 | €7,316 | €9,429 | +€2,112 | +28.9% |
| Other amounts payable | 47/48 | - | €14,393 | +€14,393 | |
| Accrued charges and deferred income | 492/3 | €4,920 | - | -€4,920 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,646 | €18,325 | +€15,678 | +592.4% |
| Other operating charges | 640/8 | €1,463 | €1,964 | +€501 | +34.2% |
| Gross operating margin | 9900 | €16,304 | €33,711 | +€17,408 | +106.8% |
| Operating profit (loss) | 9901 | €12,195 | €13,423 | +€1,229 | +10.1% |
| Financial income | 75/76B | €25 | €24 | -€1 | -2.4% |
| Recurring financial income | 75 | €25 | €24 | -€1 | -2.4% |
| Financial charges | 65/66B | €2,632 | €8,114 | +€5,482 | +208.3% |
| Recurring financial charges | 65 | €2,632 | €8,114 | +€5,482 | +208.3% |
| Profit (loss) for the period before taxes | 9903 | €9,587 | €5,333 | -€4,254 | -44.4% |
| Income taxes | 67/77 | €3,464 | €2,234 | -€1,230 | -35.5% |
| Profit (loss) for the period | 9904 | €6,123 | €3,099 | -€3,024 | -49.4% |
| Profit (loss) for the period to be appropriated | 9905 | €6,123 | €3,099 | -€3,024 | -49.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.