KSERIS: 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.
KSERIS
Largest movements
- Cash -€29,131
down €29,131 (-20.9%), from €139,340 to €110,209
mainly Other debts (-€25,466) and Net result for the year (-€18,837)
- Receivables within one year -€9,824
down €9,824 (-41.3%), from €23,781 to €13,957
- Other debts -€25,466
down €25,466 (-15.2%), from €168,000 to €142,534
- Reserves -€9,869
down €9,869 (-5.0%), from €196,719 to €186,850
- Profit (loss) carried forward -€8,968
down €8,968, from €0 to -€8,968
- Gross operating margin -€22,938
down €22,938, from €3,387 to -€19,552
- Taxes -€2,660
down €2,660 (-83.9%), from €3,169 to €509
- Financial income -€918
down €918 (-15.9%), from €5,786 to €4,867
- Other operating charges -€363
down €363 (-32.6%), from €1,113 to €750
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 | €377,379 | €335,680 | -€41,698 | -11.0% |
| Fixed assets | 21/28 | €5,523 | €2,952 | -€2,571 | -46.6% |
| Tangible fixed assets | 22/27 | €5,523 | €2,952 | -€2,571 | -46.6% |
| Furniture and vehicles | 24 | €5,523 | €2,952 | -€2,571 | -46.6% |
| Current assets | 29/58 | €371,856 | €332,729 | -€39,127 | -10.5% |
| Amounts receivable within one year | 40/41 | €23,781 | €13,957 | -€9,824 | -41.3% |
| Other amounts receivable | 41 | €23,781 | €13,957 | -€9,824 | -41.3% |
| Current investments | 50/53 | €200,000 | €200,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €139,340 | €110,209 | -€29,131 | -20.9% |
| Deferred charges and accrued income | 490/1 | €8,735 | €8,563 | -€172 | -2.0% |
| Total equity and liabilities | 10/49 | €377,379 | €335,680 | -€41,698 | -11.0% |
| Equity | 10/15 | €209,119 | €190,282 | -€18,837 | -9.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €196,719 | €186,850 | -€9,869 | -5.0% |
| Distributable reserves | 133 | €196,719 | €186,850 | -€9,869 | -5.0% |
| Profit (loss) carried forward | 14 | €0 | -€8,968 | -€8,968 | |
| Amounts payable | 17/49 | €168,260 | €145,399 | -€22,861 | -13.6% |
| Amounts payable within one year | 42/48 | €168,260 | €145,399 | -€22,861 | -13.6% |
| Trade debts | 44 | €260 | €2,434 | +€2,175 | +836.8% |
| Suppliers | 440/4 | €260 | €2,434 | +€2,175 | +836.8% |
| Taxes, remuneration and social security | 45 | - | €430 | +€430 | |
| Taxes | 450/3 | - | €430 | +€430 | |
| Other amounts payable | 47/48 | €168,000 | €142,534 | -€25,466 | -15.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,414 | €2,571 | +€157 | +6.5% |
| Other operating charges | 640/8 | €1,113 | €750 | -€363 | -32.6% |
| Gross operating margin | 9900 | €3,387 | -€19,552 | -€22,938 | |
| Operating profit (loss) | 9901 | -€140 | -€22,873 | -€22,733 | -16183.2% |
| Financial income | 75/76B | €5,786 | €4,867 | -€918 | -15.9% |
| Recurring financial income | 75 | €5,786 | €4,867 | -€918 | -15.9% |
| Financial charges | 65/66B | €217 | €323 | +€106 | +48.9% |
| Recurring financial charges | 65 | €217 | €323 | +€106 | +48.9% |
| Profit (loss) for the period before taxes | 9903 | €5,429 | -€18,328 | -€23,757 | |
| Income taxes | 67/77 | €3,169 | €509 | -€2,660 | -83.9% |
| Profit (loss) for the period | 9904 | €2,259 | -€18,837 | -€21,096 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,259 | -€18,837 | -€21,096 |
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 8 October 2026 via checked.be.