KSJL: 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.
KSJL
Largest movements
- Cash +€56,140
up €56,140 (+452%), from €12,410 to €68,550
mainly Net result for the year (+€30,694) and Depreciation (+€21,300)
- Tangible fixed assets -€20,896
down €20,896 (-25.2%), from €82,842 to €61,946
of which Leasing and similar rights: -€10,697
- Receivables within one year +€3,173
up €3,173 (+18.6%), from €17,059 to €20,232
of which Trade receivables: +€4,757
- Reserves +€29,894
up €29,894 (+91.9%), from €32,541 to €62,435
- Trade debts +€11,982
up €11,982 (+210%), from €5,705 to €17,687
- Debts after one year -€7,061
down €7,061 (-17.2%), from €41,021 to €33,961
- Other debts +€2,820
up €2,820 (+12.3%), from €22,939 to €25,759
- Gross operating margin -€12,216
down €12,216 (-16.3%), from €75,096 to €62,880
- Depreciation -€10,803
down €10,803 (-33.7%), from €32,103 to €21,300
- Taxes +€1,124
up €1,124 (+16.0%), from €7,044 to €8,168
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 | €114,240 | €152,143 | +€37,903 | +33.2% |
| Formation expenses | 20 | €403 | €0 | -€403 | -100% |
| Fixed assets | 21/28 | €82,842 | €61,946 | -€20,896 | -25.2% |
| Tangible fixed assets | 22/27 | €82,842 | €61,946 | -€20,896 | -25.2% |
| Plant, machinery and equipment | 23 | €11,243 | €4,544 | -€6,699 | -59.6% |
| Furniture and vehicles | 24 | €3,500 | €0 | -€3,500 | -100% |
| Leasing and similar rights | 25 | €68,099 | €57,402 | -€10,697 | -15.7% |
| Current assets | 29/58 | €30,994 | €90,197 | +€59,203 | +191% |
| Amounts receivable within one year | 40/41 | €17,059 | €20,232 | +€3,173 | +18.6% |
| Trade receivables | 40 | €14,371 | €19,129 | +€4,757 | +33.1% |
| Other amounts receivable | 41 | €2,688 | €1,103 | -€1,585 | -59.0% |
| Cash at bank and in hand | 54/58 | €12,410 | €68,550 | +€56,140 | +452% |
| Deferred charges and accrued income | 490/1 | €1,526 | €1,415 | -€110 | -7.2% |
| Total equity and liabilities | 10/49 | €114,240 | €152,143 | +€37,903 | +33.2% |
| Equity | 10/15 | €37,541 | €67,435 | +€29,894 | +79.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €32,541 | €62,435 | +€29,894 | +91.9% |
| Distributable reserves | 133 | €32,541 | €62,435 | +€29,894 | +91.9% |
| Amounts payable | 17/49 | €76,698 | €84,708 | +€8,009 | +10.4% |
| Amounts payable after more than one year | 17 | €41,021 | €33,961 | -€7,061 | -17.2% |
| Financial debts | 170/4 | €41,021 | €33,961 | -€7,061 | -17.2% |
| Amounts payable within one year | 42/48 | €35,677 | €50,747 | +€15,070 | +42.2% |
| Current portion of amounts payable after more than one year | 42 | €6,792 | €7,061 | +€268 | +3.9% |
| Trade debts | 44 | €5,705 | €17,687 | +€11,982 | +210% |
| Suppliers | 440/4 | €5,705 | €17,687 | +€11,982 | +210% |
| Taxes, remuneration and social security | 45 | €240 | €240 | = | 0.0% |
| Taxes | 450/3 | €240 | €240 | = | 0.0% |
| Other amounts payable | 47/48 | €22,939 | €25,759 | +€2,820 | +12.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,103 | €21,300 | -€10,803 | -33.7% |
| Other operating charges | 640/8 | €954 | €806 | -€149 | -15.6% |
| Gross operating margin | 9900 | €75,096 | €62,880 | -€12,216 | -16.3% |
| Operating profit (loss) | 9901 | €42,038 | €40,775 | -€1,264 | -3.0% |
| Financial income | 75/76B | €0 | €3 | +€3 | +9,167% |
| Recurring financial income | 75 | €0 | €3 | +€3 | +9,167% |
| Financial charges | 65/66B | €1,653 | €1,916 | +€262 | +15.9% |
| Recurring financial charges | 65 | €1,653 | €1,916 | +€262 | +15.9% |
| Profit (loss) for the period before taxes | 9903 | €40,385 | €38,862 | -€1,523 | -3.8% |
| Income taxes | 67/77 | €7,044 | €8,168 | +€1,124 | +16.0% |
| Profit (loss) for the period | 9904 | €33,341 | €30,694 | -€2,647 | -7.9% |
| Profit (loss) for the period to be appropriated | 9905 | €33,341 | €30,694 | -€2,647 | -7.9% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.