KS42: 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.
KS42
Largest movements
- Cash +€23,527
up €23,527 (+27.2%), from €86,389 to €109,916
mainly Net result for the year (+€14,834) and Stocks and contracts (+€10,290)
- Stocks and contracts -€10,290
down €10,290 (-27.3%), from €37,698 to €27,408
- Receivables within one year +€3,115
up €3,115 (+39.3%), from €7,929 to €11,044
of which Other amounts receivable: +€4,148
- Reserves +€14,834
up €14,834 (+14.3%), from €103,565 to €118,399
- Tax, wage and social debts +€3,570
up €3,570 (+34.7%), from €10,276 to €13,846
- Other debts -€2,712
no longer reported in 2025 (was €2,712)
- Gross operating margin +€15,493
up €15,493 (+252%), from €6,145 to €21,638
- Financial income -€4,942
down €4,942 (-69.5%), from €7,109 to €2,167
- Taxes +€2,447
up €2,447 (+71.9%), from €3,405 to €5,852
- Financial charges +€753
up €753 (+127%), from €594 to €1,347
- Depreciation +€236
up €236 (+33.3%), from €707 to €943
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 | €136,024 | €151,433 | +€15,409 | +11.3% |
| Fixed assets | 21/28 | €4,008 | €3,065 | -€943 | -23.5% |
| Tangible fixed assets | 22/27 | €4,008 | €3,065 | -€943 | -23.5% |
| Plant, machinery and equipment | 23 | €1,395 | €1,067 | -€328 | -23.5% |
| Furniture and vehicles | 24 | €2,613 | €1,998 | -€615 | -23.5% |
| Current assets | 29/58 | €132,016 | €148,368 | +€16,353 | +12.4% |
| Stocks and contracts in progress | 3 | €37,698 | €27,408 | -€10,290 | -27.3% |
| Stocks | 30/36 | €37,698 | €27,408 | -€10,290 | -27.3% |
| Amounts receivable within one year | 40/41 | €7,929 | €11,044 | +€3,115 | +39.3% |
| Trade receivables | 40 | €1,033 | - | -€1,033 | |
| Other amounts receivable | 41 | €6,896 | €11,044 | +€4,148 | +60.2% |
| Cash at bank and in hand | 54/58 | €86,389 | €109,916 | +€23,527 | +27.2% |
| Total equity and liabilities | 10/49 | €136,024 | €151,433 | +€15,409 | +11.3% |
| Equity | 10/15 | €122,165 | €136,999 | +€14,834 | +12.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €103,565 | €118,399 | +€14,834 | +14.3% |
| Distributable reserves | 133 | €103,565 | €118,399 | +€14,834 | +14.3% |
| Amounts payable | 17/49 | €13,859 | €14,434 | +€576 | +4.2% |
| Amounts payable within one year | 42/48 | €13,859 | €14,434 | +€576 | +4.2% |
| Trade debts | 44 | €871 | €588 | -€282 | -32.4% |
| Suppliers | 440/4 | €871 | €588 | -€282 | -32.4% |
| Taxes, remuneration and social security | 45 | €10,276 | €13,846 | +€3,570 | +34.7% |
| Taxes | 450/3 | €10,276 | €13,846 | +€3,570 | +34.7% |
| Other amounts payable | 47/48 | €2,712 | - | -€2,712 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €707 | €943 | +€236 | +33.3% |
| Other operating charges | 640/8 | €709 | €829 | +€119 | +16.8% |
| Gross operating margin | 9900 | €6,145 | €21,638 | +€15,493 | +252% |
| Operating profit (loss) | 9901 | €4,728 | €19,866 | +€15,138 | +320% |
| Financial income | 75/76B | €7,109 | €2,167 | -€4,942 | -69.5% |
| Recurring financial income | 75 | €7,109 | €2,167 | -€4,942 | -69.5% |
| Financial charges | 65/66B | €594 | €1,347 | +€753 | +127% |
| Recurring financial charges | 65 | €594 | €1,347 | +€753 | +127% |
| Profit (loss) for the period before taxes | 9903 | €11,242 | €20,686 | +€9,443 | +84.0% |
| Income taxes | 67/77 | €3,405 | €5,852 | +€2,447 | +71.9% |
| Profit (loss) for the period | 9904 | €7,838 | €14,834 | +€6,996 | +89.3% |
| Profit (loss) for the period to be appropriated | 9905 | €7,838 | €14,834 | +€6,996 | +89.3% |
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 20 October 2026 via checked.be.