KSC 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.
KSC Solutions
Largest movements
- Cash +€30,788
up €30,788 (+30.2%), from €102,114 to €132,901
mainly Net result for the year (+€122,836) and Depreciation (+€6,799)
- Receivables within one year +€29,158
up €29,158 (+17.2%), from €169,829 to €198,987
of which Other amounts receivable: +€45,130
- Current investments +€27,500
new in 2025: €27,500
- Tangible fixed assets +€24,510
up €24,510 (+91.8%), from €26,703 to €51,213
- Reserves +€122,836
up €122,836 (+59.1%), from €207,807 to €330,643
- Tax, wage and social debts -€7,073
down €7,073 (-8.3%), from €85,491 to €78,418
of which Taxes: -€7,073
- Trade debts -€4,281
down €4,281 (-69.1%), from €6,192 to €1,911
- Gross operating margin +€22,337
up €22,337 (+16.6%), from €134,382 to €156,719
- Taxes +€5,302
up €5,302 (+17.5%), from €30,243 to €35,544
- Depreciation +€4,284
up €4,284 (+170%), from €2,515 to €6,799
- Financial income +€4,078
up €4,078 (+78.2%), from €5,218 to €9,296
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 | €302,489 | €413,971 | +€111,482 | +36.9% |
| Fixed assets | 21/28 | €26,703 | €51,213 | +€24,510 | +91.8% |
| Tangible fixed assets | 22/27 | €26,703 | €51,213 | +€24,510 | +91.8% |
| Land and buildings | 22 | €20,679 | €32,028 | +€11,350 | +54.9% |
| Plant, machinery and equipment | 23 | €2,486 | €4,366 | +€1,879 | +75.6% |
| Furniture and vehicles | 24 | €3,538 | €14,819 | +€11,281 | +319% |
| Current assets | 29/58 | €275,786 | €362,758 | +€86,972 | +31.5% |
| Amounts receivable within one year | 40/41 | €169,829 | €198,987 | +€29,158 | +17.2% |
| Trade receivables | 40 | €15,972 | €0 | -€15,972 | -100% |
| Other amounts receivable | 41 | €153,857 | €198,987 | +€45,130 | +29.3% |
| Current investments | 50/53 | - | €27,500 | +€27,500 | |
| Cash at bank and in hand | 54/58 | €102,114 | €132,901 | +€30,788 | +30.2% |
| Deferred charges and accrued income | 490/1 | €3,843 | €3,370 | -€473 | -12.3% |
| Total equity and liabilities | 10/49 | €302,489 | €413,971 | +€111,482 | +36.9% |
| Equity | 10/15 | €210,807 | €333,643 | +€122,836 | +58.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €207,807 | €330,643 | +€122,836 | +59.1% |
| Distributable reserves | 133 | €207,807 | €330,643 | +€122,836 | +59.1% |
| Amounts payable | 17/49 | €91,683 | €80,329 | -€11,354 | -12.4% |
| Amounts payable within one year | 42/48 | €91,683 | €80,329 | -€11,354 | -12.4% |
| Trade debts | 44 | €6,192 | €1,911 | -€4,281 | -69.1% |
| Suppliers | 440/4 | €6,192 | €1,911 | -€4,281 | -69.1% |
| Taxes, remuneration and social security | 45 | €85,491 | €78,418 | -€7,073 | -8.3% |
| Taxes | 450/3 | €83,991 | €76,918 | -€7,073 | -8.4% |
| Remuneration and social security | 454/9 | €1,500 | €1,500 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,515 | €6,799 | +€4,284 | +170% |
| Other operating charges | 640/8 | €592 | €574 | -€18 | -3.0% |
| Gross operating margin | 9900 | €134,382 | €156,719 | +€22,337 | +16.6% |
| Operating profit (loss) | 9901 | €131,276 | €149,346 | +€18,070 | +13.8% |
| Financial income | 75/76B | €5,218 | €9,296 | +€4,078 | +78.2% |
| Recurring financial income | 75 | €5,218 | €9,296 | +€4,078 | +78.2% |
| Financial charges | 65/66B | €128 | €261 | +€133 | +104% |
| Recurring financial charges | 65 | €128 | €261 | +€133 | +104% |
| Profit (loss) for the period before taxes | 9903 | €136,365 | €158,381 | +€22,015 | +16.1% |
| Income taxes | 67/77 | €30,243 | €35,544 | +€5,302 | +17.5% |
| Profit (loss) for the period | 9904 | €106,122 | €122,836 | +€16,714 | +15.7% |
| Profit (loss) for the period to be appropriated | 9905 | €106,122 | €122,836 | +€16,714 | +15.7% |
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 16 October 2026 via checked.be.