KSF CONSTRUCT: 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.
KSF CONSTRUCT
Largest movements
- Tangible fixed assets -€7,162
down €7,162 (-42.3%), from €16,929 to €9,767
of which Furniture and vehicles: -€6,553
- Stocks and contracts -€1,452
no longer reported in 2025 (was €1,452)
- Tax, wage and social debts -€5,328
no longer reported in 2025 (was €5,328)
- Profit (loss) carried forward -€1,855
down €1,855 (-3.3%), from €56,355 to €54,499
- Trade debts -€738
down €738 (-24.2%), from €3,052 to €2,314
- Depreciation -€3,220
down €3,220 (-31.0%), from €10,381 to €7,162
- Financial income +€1,685
up €1,685 (+182%), from €924 to €2,609
- Gross operating margin -€1,515
down €1,515 (-32.7%), from €4,638 to €3,122
- Taxes +€171
new in 2025: €171
- Other operating charges -€106
no longer reported in 2025 (was €106)
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 | €72,794 | €64,873 | -€7,921 | -10.9% |
| Fixed assets | 21/28 | €16,929 | €9,767 | -€7,162 | -42.3% |
| Tangible fixed assets | 22/27 | €16,929 | €9,767 | -€7,162 | -42.3% |
| Plant, machinery and equipment | 23 | €1,064 | €456 | -€608 | -57.1% |
| Furniture and vehicles | 24 | €15,864 | €9,311 | -€6,553 | -41.3% |
| Current assets | 29/58 | €55,866 | €55,106 | -€759 | -1.4% |
| Stocks and contracts in progress | 3 | €1,452 | - | -€1,452 | |
| Stocks | 30/36 | €1,452 | - | -€1,452 | |
| Amounts receivable within one year | 40/41 | €43,461 | €43,905 | +€445 | +1.0% |
| Trade receivables | 40 | €4,201 | - | -€4,201 | |
| Other amounts receivable | 41 | €39,259 | €43,905 | +€4,646 | +11.8% |
| Cash at bank and in hand | 54/58 | €10,954 | €11,201 | +€247 | +2.3% |
| Total equity and liabilities | 10/49 | €72,794 | €64,873 | -€7,921 | -10.9% |
| Equity | 10/15 | €64,415 | €62,559 | -€1,855 | -2.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 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% |
| Profit (loss) carried forward | 14 | €56,355 | €54,499 | -€1,855 | -3.3% |
| Amounts payable | 17/49 | €8,380 | €2,314 | -€6,066 | -72.4% |
| Amounts payable within one year | 42/48 | €8,380 | €2,314 | -€6,066 | -72.4% |
| Trade debts | 44 | €3,052 | €2,314 | -€738 | -24.2% |
| Suppliers | 440/4 | €3,052 | €2,314 | -€738 | -24.2% |
| Taxes, remuneration and social security | 45 | €5,328 | - | -€5,328 | |
| Taxes | 450/3 | €5,328 | - | -€5,328 | |
| Remuneration, social security and pensions | 62 | €95 | €129 | +€34 | +36.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,381 | €7,162 | -€3,220 | -31.0% |
| Other operating charges | 640/8 | €106 | - | -€106 | |
| Gross operating margin | 9900 | €4,638 | €3,122 | -€1,515 | -32.7% |
| Operating profit (loss) | 9901 | -€5,945 | -€4,169 | +€1,776 | +29.9% |
| Financial income | 75/76B | €924 | €2,609 | +€1,685 | +182% |
| Recurring financial income | 75 | €924 | €2,609 | +€1,685 | +182% |
| Financial charges | 65/66B | €145 | €125 | -€20 | -13.9% |
| Recurring financial charges | 65 | €145 | €125 | -€20 | -13.9% |
| Profit (loss) for the period before taxes | 9903 | -€5,165 | -€1,684 | +€3,481 | +67.4% |
| Income taxes | 67/77 | - | €171 | +€171 | |
| Profit (loss) for the period | 9904 | -€5,165 | -€1,855 | +€3,310 | +64.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,165 | -€1,855 | +€3,310 | +64.1% |
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 25 October 2026 via checked.be.