KSE Engineering: 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.
KSE Engineering
Largest movements
- Receivables within one year -€38,782
no longer reported in 2025 (was €38,782)
- Cash -€1,936
down €1,936 (-99.2%), from €1,952 to €16
mainly Current portion of long-term debt (-€28,386) and Contributions, distributions and other (-€9,848)
- Tangible fixed assets +€1,652
new in 2025: €1,652
- Current portion of long-term debt -€28,386
no longer reported in 2025 (was €28,386)
- Profit (loss) carried forward -€18,920
down €18,920, from €9,848 to -€9,072
- Trade debts +€8,240
new in 2025: €8,240
- Turnover -€35,983
no longer reported in 2025 (was €35,983)
- Other operating charges +€3,221
up €3,221 (+46,014%), from €7 to €3,228
- Purchases and services +€3,050
up €3,050 (+7.8%), from €39,063 to €42,113
- Gross operating margin -€2,344
down €2,344 (-76.9%), from -€3,049 to -€5,393
- Depreciation +€413
new in 2025: €413
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 | €40,734 | €1,668 | -€39,066 | -95.9% |
| Fixed assets | 21/28 | - | €1,652 | +€1,652 | |
| Tangible fixed assets | 22/27 | - | €1,652 | +€1,652 | |
| Furniture and vehicles | 24 | - | €1,652 | +€1,652 | |
| Current assets | 29/58 | €40,734 | €16 | -€40,718 | -100.0% |
| Amounts receivable within one year | 40/41 | €38,782 | - | -€38,782 | |
| Trade receivables | 40 | €38,782 | - | -€38,782 | |
| Cash at bank and in hand | 54/58 | €1,952 | €16 | -€1,936 | -99.2% |
| Total equity and liabilities | 10/49 | €40,734 | €1,668 | -€39,066 | -95.9% |
| Equity | 10/15 | €12,348 | -€6,572 | -€18,920 | |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €9,848 | -€9,072 | -€18,920 | |
| Amounts payable | 17/49 | €28,386 | €8,240 | -€20,146 | -71.0% |
| Amounts payable within one year | 42/48 | €28,386 | €8,240 | -€20,146 | -71.0% |
| Current portion of amounts payable after more than one year | 42 | €28,386 | - | -€28,386 | |
| Trade debts | 44 | - | €8,240 | +€8,240 | |
| Suppliers | 440/4 | - | €8,240 | +€8,240 | |
| Turnover | 70 | €35,983 | - | -€35,983 | |
| Goods, raw materials, services and sundry goods | 60/61 | €39,063 | €42,113 | +€3,050 | +7.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €413 | +€413 | |
| Other operating charges | 640/8 | €7 | €3,228 | +€3,221 | +46,014% |
| Gross operating margin | 9900 | -€3,049 | -€5,393 | -€2,344 | -76.9% |
| Operating profit (loss) | 9901 | -€3,056 | -€9,034 | -€5,978 | -196% |
| Financial charges | 65/66B | €40 | €38 | -€2 | -5.0% |
| Recurring financial charges | 65 | €40 | €38 | -€2 | -5.0% |
| Profit (loss) for the period before taxes | 9903 | -€3,096 | -€9,072 | -€5,976 | -193% |
| Profit (loss) for the period | 9904 | -€3,096 | -€9,072 | -€5,976 | -193% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,096 | -€9,072 | -€5,976 | -193% |
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 17 October 2026 via checked.be.