KS_Works: 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_Works
Largest movements
- Cash +€74,562
up €74,562 (+31.7%), from €234,848 to €309,409
mainly Net result for the year (+€202,122) and Tax, wage and social debts (+€3,595)
- Current investments +€35,445
up €35,445 (+31.9%), from €111,013 to €146,458
- Reserves +€102,122
up €102,122 (+36.1%), from €283,094 to €385,216
- Financial income +€35,244
up €35,244 (+5,549%), from €635 to €35,879
of which Non-recurring financial income: +€34,431
- Gross operating margin +€32,079
up €32,079 (+17.2%), from €186,035 to €218,114
- Taxes +€8,252
up €8,252 (+19.6%), from €42,120 to €50,372
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 | €443,783 | €554,196 | +€110,413 | +24.9% |
| Current assets | 29/58 | €443,783 | €554,196 | +€110,413 | +24.9% |
| Amounts receivable within one year | 40/41 | €96,649 | €96,994 | +€345 | +0.4% |
| Trade receivables | 40 | €96,649 | €96,994 | +€345 | +0.4% |
| Current investments | 50/53 | €111,013 | €146,458 | +€35,445 | +31.9% |
| Cash at bank and in hand | 54/58 | €234,848 | €309,409 | +€74,562 | +31.7% |
| Deferred charges and accrued income | 490/1 | €1,274 | €1,336 | +€62 | +4.9% |
| Total equity and liabilities | 10/49 | €443,783 | €554,196 | +€110,413 | +24.9% |
| Equity | 10/15 | €301,694 | €403,816 | +€102,122 | +33.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €283,094 | €385,216 | +€102,122 | +36.1% |
| Distributable reserves | 133 | €283,094 | €385,216 | +€102,122 | +36.1% |
| Amounts payable | 17/49 | €142,089 | €150,380 | +€8,291 | +5.8% |
| Amounts payable within one year | 42/48 | €142,089 | €150,380 | +€8,291 | +5.8% |
| Trade debts | 44 | €763 | €1,981 | +€1,217 | +160% |
| Suppliers | 440/4 | €763 | €1,981 | +€1,217 | +160% |
| Taxes, remuneration and social security | 45 | €32,971 | €36,566 | +€3,595 | +10.9% |
| Taxes | 450/3 | €27,644 | €34,066 | +€6,421 | +23.2% |
| Remuneration and social security | 454/9 | €5,327 | €2,500 | -€2,827 | -53.1% |
| Other amounts payable | 47/48 | €108,355 | €111,834 | +€3,479 | +3.2% |
| Non-recurring operating income | 76A | €5,978 | - | -€5,978 | |
| Other operating charges | 640/8 | €1,057 | €798 | -€259 | -24.5% |
| Gross operating margin | 9900 | €186,035 | €218,114 | +€32,079 | +17.2% |
| Operating profit (loss) | 9901 | €184,978 | €217,316 | +€32,338 | +17.5% |
| Financial income | 75/76B | €635 | €35,879 | +€35,244 | +5,549% |
| Recurring financial income | 75 | €635 | €1,448 | +€813 | +128% |
| Non-recurring financial income | 76B | - | €34,431 | +€34,431 | |
| Financial charges | 65/66B | €838 | €701 | -€138 | -16.4% |
| Recurring financial charges | 65 | €838 | €701 | -€138 | -16.4% |
| Profit (loss) for the period before taxes | 9903 | €184,774 | €252,494 | +€67,720 | +36.6% |
| Income taxes | 67/77 | €42,120 | €50,372 | +€8,252 | +19.6% |
| Profit (loss) for the period | 9904 | €142,655 | €202,122 | +€59,467 | +41.7% |
| Profit (loss) for the period to be appropriated | 9905 | €142,655 | €202,122 | +€59,467 | +41.7% |
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 29 October 2026 via checked.be.