KSA-Solutions: 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.
What changed
KSA-Solutions
NACE 32.990, Other manufacturing not elsewhere classified
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€133,686
2024 · €3,074-€136,760
Equity
-€86,071
2024 · €47,614-€133,686
Cash
€48,062
2024 · €49,173-€1,112
Balance sheet total
€484,851
2024 · €538,286-€53,434
Largest movements
Assets
- Receivables within one year -€56,533
down €56,533 (-22.9%), from €247,319 to €190,786
of which Trade receivables: -€40,730
- Deferred charges and accrued income +€8,803
up €8,803 (+1,973%), from €446 to €9,249
Equity and liabilities
- Profit (loss) carried forward -€133,686
down €133,686, from €27,154 to -€106,531
- Trade debts +€87,691
up €87,691 (+218%), from €40,283 to €127,974
- Short-term financial debts +€23,671
up €23,671 (+9.5%), from €250,000 to €273,671
- Debts after one year -€20,000
down €20,000 (-70.6%), from €28,333 to €8,333
Income statement
- Gross operating margin -€146,186
down €146,186, from €70,777 to -€75,408
- Staff costs +€23,147
new in 2025: €23,147
- Taxes -€22,356
down €22,356 (-98.5%), from €22,697 to €342
- Other operating charges -€10,158
down €10,158 (-64.2%), from €15,833 to €5,676
- Depreciation +€2,264
up €2,264 (+96.6%), from €2,344 to €4,608
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.
Result 2024
€3,074
Gross operating margin
-€146,186
Staff costs
-€23,147
Depreciation
-€2,264
Other operating charges
+€10,158
Financial income
+€1,282
Financial charges
+€1,041
Taxes
+€22,356
Result 2025
-€133,686
raises the resultlowers the result
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.
From operations
-€827
Investment
€0
Financing
-€285
Cash 2024
€49,173
From operations (derived)
-€827
Net result for the year
-€133,686
Depreciation
+€4,608
Stocks and contracts
-€15
Receivables within one year
+€56,533
Deferred charges and accrued income
-€8,803
Trade debts
+€87,691
Tax, wage and social debts
-€3,418
Other debts
-€3,736
Financing
-€285
Debts after one year
-€20,000
Current portion of long-term debt
-€3,956
Short-term financial debts
+€23,671
Cash 2025
€48,062
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €538,286 | €484,851 | -€53,434 | -9.9% |
| Fixed assets | 21/28 | €7,551 | €2,943 | -€4,608 | -61.0% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €7,086 | €2,478 | -€4,608 | -65.0% |
| Land and buildings | 22 | €1,297 | €583 | -€714 | -55.1% |
| Plant, machinery and equipment | 23 | €601 | €192 | -€409 | -68.1% |
| Furniture and vehicles | 24 | €5,188 | €1,703 | -€3,484 | -67.2% |
| Financial fixed assets | 28 | €465 | €465 | = | 0.0% |
| Current assets | 29/58 | €530,735 | €481,909 | -€48,826 | -9.2% |
| Stocks and contracts in progress | 3 | €233,797 | €233,812 | +€15 | 0.0% |
| Stocks | 30/36 | €233,797 | €233,812 | +€15 | 0.0% |
| Amounts receivable within one year | 40/41 | €247,319 | €190,786 | -€56,533 | -22.9% |
| Trade receivables | 40 | €224,848 | €184,119 | -€40,730 | -18.1% |
| Other amounts receivable | 41 | €22,470 | €6,667 | -€15,803 | -70.3% |
| Cash at bank and in hand | 54/58 | €49,173 | €48,062 | -€1,112 | -2.3% |
| Deferred charges and accrued income | 490/1 | €446 | €9,249 | +€8,803 | +1,973% |
| Total equity and liabilities | 10/49 | €538,286 | €484,851 | -€53,434 | -9.9% |
| Equity | 10/15 | €47,614 | -€86,071 | -€133,686 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 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% |
| Profit (loss) carried forward | 14 | €27,154 | -€106,531 | -€133,686 | |
| Amounts payable | 17/49 | €490,671 | €570,923 | +€80,251 | +16.4% |
| Amounts payable after more than one year | 17 | €28,333 | €8,333 | -€20,000 | -70.6% |
| Financial debts | 170/4 | €28,333 | €8,333 | -€20,000 | -70.6% |
| Amounts payable within one year | 42/48 | €462,338 | €562,590 | +€100,252 | +21.7% |
| Current portion of amounts payable after more than one year | 42 | €23,956 | €20,000 | -€3,956 | -16.5% |
| Financial debts | 43 | €250,000 | €273,671 | +€23,671 | +9.5% |
| Credit institutions | 430/8 | €250,000 | €273,671 | +€23,671 | +9.5% |
| Trade debts | 44 | €40,283 | €127,974 | +€87,691 | +218% |
| Suppliers | 440/4 | €40,283 | €127,974 | +€87,691 | +218% |
| Advances received on contracts in progress | 46 | €3,870 | €3,870 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €129,646 | €126,228 | -€3,418 | -2.6% |
| Taxes | 450/3 | €129,646 | €123,499 | -€6,148 | -4.7% |
| Remuneration and social security | 454/9 | - | €2,730 | +€2,730 | |
| Other amounts payable | 47/48 | €14,583 | €10,846 | -€3,736 | -25.6% |
| Non-recurring operating income | 76A | €12,044 | €0 | -€12,044 | -100% |
| Remuneration, social security and pensions | 62 | - | €23,147 | +€23,147 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,344 | €4,608 | +€2,264 | +96.6% |
| Other operating charges | 640/8 | €15,833 | €5,676 | -€10,158 | -64.2% |
| Gross operating margin | 9900 | €70,777 | -€75,408 | -€146,186 | |
| Operating profit (loss) | 9901 | €52,600 | -€108,839 | -€161,439 | |
| Financial income | 75/76B | €49 | €1,331 | +€1,282 | +2,613% |
| Recurring financial income | 75 | €49 | €1,331 | +€1,282 | +2,613% |
| Financial charges | 65/66B | €26,877 | €25,836 | -€1,041 | -3.9% |
| Recurring financial charges | 65 | €26,877 | €25,836 | -€1,041 | -3.9% |
| Profit (loss) for the period before taxes | 9903 | €25,772 | -€133,344 | -€159,116 | |
| Income taxes | 67/77 | €22,697 | €342 | -€22,356 | -98.5% |
| Profit (loss) for the period | 9904 | €3,074 | -€133,686 | -€136,760 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,074 | -€133,686 | -€136,760 |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.