KSC CONCEPT: what changed
Two fiscal 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 CONCEPT
Largest movements
- Receivables after one year +€55,256
new in 2025: €55,256
- Receivables within one year +€41,533
up €41,533 (+143.7%), from €28,895 to €70,428
of which Trade receivables: +€50,979
- Cash +€5,731
up €5,731 (+20.4%), from €28,075 to €33,806
mainly Trade debts (+€130,151) and Depreciation (+€12,276)
- Stocks and contracts +€5,705
up €5,705 (+92.0%), from €6,200 to €11,905
- Intangible fixed assets -€3,078
down €3,078 (-50.0%), from €6,157 to €3,079
- Trade debts +€130,151
up €130,151 (+392.9%), from €33,128 to €163,279
- Profit (loss) carried forward -€30,994
down €30,994, from €23,896 to -€7,098
- Other debts +€7,655
new in 2025: €7,655
- Gross operating margin -€69,545
down €69,545 (-52.7%), from €131,942 to €62,397
- Financial charges +€52,884
up €52,884 (+3800.8%), from €1,391 to €54,276
- Other operating charges +€11,863
up €11,863 (+81.7%), from €14,518 to €26,381
- Taxes -€9,107
down €9,107 (-98.2%), from €9,272 to €165
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 | €75,705 | €182,330 | +€106,624 | +140.8% |
| Fixed assets | 21/28 | €12,088 | €10,412 | -€1,676 | -13.9% |
| Intangible fixed assets | 21 | €6,157 | €3,079 | -€3,078 | -50.0% |
| Tangible fixed assets | 22/27 | €5,931 | €7,333 | +€1,402 | +23.6% |
| Plant, machinery and equipment | 23 | €3,964 | €266 | -€3,698 | -93.3% |
| Furniture and vehicles | 24 | €1,967 | €7,067 | +€5,100 | +259.3% |
| Current assets | 29/58 | €63,617 | €171,917 | +€108,300 | +170.2% |
| Amounts receivable after more than one year | 29 | - | €55,256 | +€55,256 | |
| Other amounts receivable | 291 | - | €55,256 | +€55,256 | |
| Stocks and contracts in progress | 3 | €6,200 | €11,905 | +€5,705 | +92.0% |
| Stocks | 30/36 | €6,200 | €11,905 | +€5,705 | +92.0% |
| Amounts receivable within one year | 40/41 | €28,895 | €70,428 | +€41,533 | +143.7% |
| Trade receivables | 40 | €10,800 | €61,780 | +€50,979 | +472.0% |
| Other amounts receivable | 41 | €18,095 | €8,648 | -€9,447 | -52.2% |
| Cash at bank and in hand | 54/58 | €28,075 | €33,806 | +€5,731 | +20.4% |
| Deferred charges and accrued income | 490/1 | €447 | €524 | +€76 | +17.1% |
| Total equity and liabilities | 10/49 | €75,705 | €182,330 | +€106,624 | +140.8% |
| Equity | 10/15 | €33,106 | €2,112 | -€30,994 | -93.6% |
| Contributions | 10/11 | €6,500 | €6,500 | = | 0.0% |
| Reserves | 13 | €2,711 | €2,711 | = | 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% |
| Tax-exempt reserves | 132 | €851 | €851 | = | 0.0% |
| Profit (loss) carried forward | 14 | €23,896 | -€7,098 | -€30,994 | |
| Amounts payable | 17/49 | €42,599 | €180,217 | +€137,618 | +323.1% |
| Amounts payable within one year | 42/48 | €42,599 | €180,217 | +€137,618 | +323.1% |
| Trade debts | 44 | €33,128 | €163,279 | +€130,151 | +392.9% |
| Suppliers | 440/4 | €33,128 | €163,279 | +€130,151 | +392.9% |
| Taxes, remuneration and social security | 45 | €9,471 | €9,283 | -€188 | -2.0% |
| Taxes | 450/3 | €9,471 | €9,283 | -€188 | -2.0% |
| Other amounts payable | 47/48 | - | €7,655 | +€7,655 | |
| Remuneration, social security and pensions | 62 | - | €293 | +€293 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,160 | €12,276 | +€1,116 | +10.0% |
| Other operating charges | 640/8 | €14,518 | €26,381 | +€11,863 | +81.7% |
| Gross operating margin | 9900 | €131,942 | €62,397 | -€69,545 | -52.7% |
| Operating profit (loss) | 9901 | €106,264 | €23,447 | -€82,817 | -77.9% |
| Financial income | 75/76B | €9 | €0 | -€9 | -99.3% |
| Recurring financial income | 75 | €9 | €0 | -€9 | -99.3% |
| Financial charges | 65/66B | €1,391 | €54,276 | +€52,884 | +3800.8% |
| Recurring financial charges | 65 | €1,391 | €54,276 | +€52,884 | +3800.8% |
| Profit (loss) for the period before taxes | 9903 | €104,881 | -€30,829 | -€135,710 | |
| Income taxes | 67/77 | €9,272 | €165 | -€9,107 | -98.2% |
| Profit (loss) for the period | 9904 | €95,609 | -€30,994 | -€126,603 | |
| Profit (loss) for the period to be appropriated | 9905 | €95,609 | -€30,994 | -€126,603 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.