KSC COMMUNICATIONS: 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.
KSC COMMUNICATIONS
Largest movements
- Receivables after one year -€109,830
no longer reported in 2025 (was €109,830)
- Cash +€41,736
up €41,736 (+33.2%), from €125,627 to €167,363
mainly Net result for the year (+€114,028) and Receivables after one year (+€109,830)
- Receivables within one year -€19,504
down €19,504 (-46.1%), from €42,350 to €22,846
- Tangible fixed assets +€11,126
up €11,126 (+276%), from €4,035 to €15,161
of which Furniture and vehicles: +€9,009
- Other debts -€97,822
down €97,822 (-97.7%), from €100,094 to €2,272
- Reserves +€29,000
up €29,000 (+21.3%), from €136,458 to €165,458
- Tax, wage and social debts -€9,847
down €9,847 (-30.4%), from €32,444 to €22,597
- Gross operating margin +€19,636
up €19,636 (+14.2%), from €138,106 to €157,742
- Taxes +€7,715
up €7,715 (+25.2%), from €30,595 to €38,310
- Depreciation +€2,154
up €2,154 (+167%), from €1,294 to €3,448
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 | €281,843 | €205,370 | -€76,473 | -27.1% |
| Fixed assets | 21/28 | €4,035 | €15,161 | +€11,126 | +276% |
| Tangible fixed assets | 22/27 | €4,035 | €15,161 | +€11,126 | +276% |
| Plant, machinery and equipment | 23 | €3,462 | €5,579 | +€2,117 | +61.1% |
| Furniture and vehicles | 24 | €573 | €9,582 | +€9,009 | +1,572% |
| Current assets | 29/58 | €277,807 | €190,209 | -€87,598 | -31.5% |
| Amounts receivable after more than one year | 29 | €109,830 | - | -€109,830 | |
| Other amounts receivable | 291 | €109,830 | - | -€109,830 | |
| Amounts receivable within one year | 40/41 | €42,350 | €22,846 | -€19,504 | -46.1% |
| Trade receivables | 40 | €42,350 | €22,846 | -€19,504 | -46.1% |
| Cash at bank and in hand | 54/58 | €125,627 | €167,363 | +€41,736 | +33.2% |
| Total equity and liabilities | 10/49 | €281,843 | €205,370 | -€76,473 | -27.1% |
| Equity | 10/15 | €142,658 | €171,686 | +€29,028 | +20.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €136,458 | €165,458 | +€29,000 | +21.3% |
| Distributable reserves | 133 | €136,458 | €165,458 | +€29,000 | +21.3% |
| Profit (loss) carried forward | 14 | - | €28 | +€28 | |
| Amounts payable | 17/49 | €139,185 | €33,684 | -€105,501 | -75.8% |
| Amounts payable within one year | 42/48 | €139,185 | €33,684 | -€105,501 | -75.8% |
| Trade debts | 44 | €6,647 | €8,815 | +€2,168 | +32.6% |
| Suppliers | 440/4 | €6,647 | €8,815 | +€2,168 | +32.6% |
| Taxes, remuneration and social security | 45 | €32,444 | €22,597 | -€9,847 | -30.4% |
| Taxes | 450/3 | €32,444 | €22,597 | -€9,847 | -30.4% |
| Other amounts payable | 47/48 | €100,094 | €2,272 | -€97,822 | -97.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,294 | €3,448 | +€2,154 | +167% |
| Other operating charges | 640/8 | €673 | €1,289 | +€616 | +91.6% |
| Gross operating margin | 9900 | €138,106 | €157,742 | +€19,636 | +14.2% |
| Operating profit (loss) | 9901 | €136,140 | €153,005 | +€16,865 | +12.4% |
| Financial income | 75/76B | €19 | €688 | +€669 | +3,569% |
| Recurring financial income | 75 | €19 | €688 | +€669 | +3,569% |
| Financial charges | 65/66B | €1,511 | €1,355 | -€157 | -10.4% |
| Recurring financial charges | 65 | €1,511 | €1,355 | -€157 | -10.4% |
| Profit (loss) for the period before taxes | 9903 | €134,647 | €152,338 | +€17,691 | +13.1% |
| Income taxes | 67/77 | €30,595 | €38,310 | +€7,715 | +25.2% |
| Profit (loss) for the period | 9904 | €104,052 | €114,028 | +€9,976 | +9.6% |
| Profit (loss) for the period to be appropriated | 9905 | €104,052 | €114,028 | +€9,976 | +9.6% |
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 14 October 2026 via checked.be.