KS10: 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.
KS10
Largest movements
- Cash +€39,338
up €39,338 (+41.9%), from €93,969 to €133,308
mainly Other debts (+€672,330) and Net result for the year (+€44,304)
- Receivables after one year +€13,076
up €13,076 (+2.0%), from €653,811 to €666,888
- Other debts +€672,330
up €672,330 (+10759.0%), from €6,249 to €678,579
- Reserves -€623,606
down €623,606 (-80.7%), from €772,794 to €149,188
- Debts after one year -€13,223
down €13,223 (-33.0%), from €40,072 to €26,849
- Gross operating margin -€7,163
down €7,163 (-8.8%), from €81,361 to €74,198
- Taxes -€916
down €916 (-4.3%), from €21,251 to €20,336
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 | €863,069 | €894,816 | +€31,747 | +3.7% |
| Fixed assets | 21/28 | €78,261 | €69,683 | -€8,577 | -11.0% |
| Tangible fixed assets | 22/27 | €78,261 | €69,683 | -€8,577 | -11.0% |
| Plant, machinery and equipment | 23 | €187 | €0 | -€187 | -100.0% |
| Furniture and vehicles | 24 | €75,412 | €67,405 | -€8,008 | -10.6% |
| Other tangible fixed assets | 26 | €2,661 | €2,279 | -€382 | -14.4% |
| Current assets | 29/58 | €784,809 | €825,133 | +€40,324 | +5.1% |
| Amounts receivable after more than one year | 29 | €653,811 | €666,888 | +€13,076 | +2.0% |
| Other amounts receivable | 291 | €653,811 | €666,888 | +€13,076 | +2.0% |
| Amounts receivable within one year | 40/41 | €31,547 | €22,768 | -€8,779 | -27.8% |
| Trade receivables | 40 | €21,175 | €22,385 | +€1,210 | +5.7% |
| Other amounts receivable | 41 | €10,372 | €383 | -€9,989 | -96.3% |
| Cash at bank and in hand | 54/58 | €93,969 | €133,308 | +€39,338 | +41.9% |
| Deferred charges and accrued income | 490/1 | €5,481 | €2,169 | -€3,312 | -60.4% |
| Total equity and liabilities | 10/49 | €863,069 | €894,816 | +€31,747 | +3.7% |
| Equity | 10/15 | €791,394 | €167,788 | -€623,606 | -78.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €772,794 | €149,188 | -€623,606 | -80.7% |
| Distributable reserves | 133 | €772,794 | €149,188 | -€623,606 | -80.7% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €71,675 | €727,028 | +€655,353 | +914.3% |
| Amounts payable after more than one year | 17 | €40,072 | €26,849 | -€13,223 | -33.0% |
| Financial debts | 170/4 | €40,072 | €26,849 | -€13,223 | -33.0% |
| Amounts payable within one year | 42/48 | €31,603 | €700,179 | +€668,576 | +2115.5% |
| Current portion of amounts payable after more than one year | 42 | €12,712 | €13,223 | +€511 | +4.0% |
| Financial debts | 43 | €2,044 | €168 | -€1,876 | -91.8% |
| Credit institutions | 430/8 | €2,044 | €168 | -€1,876 | -91.8% |
| Trade debts | 44 | €5,499 | €1,159 | -€4,341 | -78.9% |
| Suppliers | 440/4 | €5,499 | €1,159 | -€4,341 | -78.9% |
| Taxes, remuneration and social security | 45 | €5,099 | €7,050 | +€1,951 | +38.3% |
| Taxes | 450/3 | €5,099 | €7,050 | +€1,951 | +38.3% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €6,249 | €678,579 | +€672,330 | +10759.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,421 | €19,652 | +€231 | +1.2% |
| Other operating charges | 640/8 | €1,210 | €934 | -€276 | -22.8% |
| Gross operating margin | 9900 | €81,361 | €74,198 | -€7,163 | -8.8% |
| Operating profit (loss) | 9901 | €60,730 | €53,611 | -€7,118 | -11.7% |
| Financial income | 75/76B | €12,886 | €13,078 | +€192 | +1.5% |
| Recurring financial income | 75 | €12,886 | €13,078 | +€192 | +1.5% |
| Financial charges | 65/66B | €2,713 | €2,049 | -€664 | -24.5% |
| Recurring financial charges | 65 | €2,713 | €2,049 | -€664 | -24.5% |
| Profit (loss) for the period before taxes | 9903 | €70,902 | €64,640 | -€6,263 | -8.8% |
| Income taxes | 67/77 | €21,251 | €20,336 | -€916 | -4.3% |
| Profit (loss) for the period | 9904 | €49,651 | €44,304 | -€5,347 | -10.8% |
| Profit (loss) for the period to be appropriated | 9905 | €49,651 | €44,304 | -€5,347 | -10.8% |
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 10 October 2026 via checked.be.