KSK BUILD: 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.
KSK BUILD
Largest movements
- Deferred charges and accrued income -€113,674
no longer reported in 2025 (was €113,674)
- Cash +€15,795
up €15,795 (+765%), from €2,063 to €17,859
mainly Deferred charges and accrued income (+€113,674) and Trade debts (+€36,189)
- Receivables within one year -€11,513
down €11,513 (-87.7%), from €13,124 to €1,611
of which Trade receivables: -€8,833
- Current portion of long-term debt -€136,924
down €136,924 (-36.8%), from €372,000 to €235,076
- Trade debts +€36,189
up €36,189 (+854%), from €4,237 to €40,426
- Other debts -€23,000
down €23,000 (-22.3%), from €103,000 to €80,000
- Profit (loss) carried forward +€11,952
up €11,952 (+57.0%), from -€20,984 to -€9,032
- Gross operating margin +€32,191
up €32,191, from -€8,817 to €23,373
- Financial charges -€827
down €827 (-7.1%), from €11,574 to €10,747
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 | €466,059 | €353,970 | -€112,089 | -24.1% |
| Formation expenses | 20 | €625 | €459 | -€167 | -26.7% |
| Current assets | 29/58 | €465,433 | €353,511 | -€111,922 | -24.0% |
| Stocks and contracts in progress | 3 | €336,572 | €334,042 | -€2,530 | -0.8% |
| Stocks | 30/36 | €336,572 | €334,042 | -€2,530 | -0.8% |
| Amounts receivable within one year | 40/41 | €13,124 | €1,611 | -€11,513 | -87.7% |
| Trade receivables | 40 | €8,833 | - | -€8,833 | |
| Other amounts receivable | 41 | €4,291 | €1,611 | -€2,680 | -62.5% |
| Cash at bank and in hand | 54/58 | €2,063 | €17,859 | +€15,795 | +765% |
| Deferred charges and accrued income | 490/1 | €113,674 | - | -€113,674 | |
| Total equity and liabilities | 10/49 | €466,059 | €353,970 | -€112,089 | -24.1% |
| Equity | 10/15 | -€13,484 | -€1,532 | +€11,952 | +88.6% |
| Contributions | 10/11 | €7,500 | €7,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€20,984 | -€9,032 | +€11,952 | +57.0% |
| Amounts payable | 17/49 | €479,542 | €355,502 | -€124,040 | -25.9% |
| Amounts payable within one year | 42/48 | €479,542 | €355,502 | -€124,040 | -25.9% |
| Current portion of amounts payable after more than one year | 42 | €372,000 | €235,076 | -€136,924 | -36.8% |
| Trade debts | 44 | €4,237 | €40,426 | +€36,189 | +854% |
| Suppliers | 440/4 | €4,237 | €40,426 | +€36,189 | +854% |
| Taxes, remuneration and social security | 45 | €305 | - | -€305 | |
| Taxes | 450/3 | €305 | - | -€305 | |
| Other amounts payable | 47/48 | €103,000 | €80,000 | -€23,000 | -22.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €208 | €167 | -€42 | -20.0% |
| Other operating charges | 640/8 | €384 | €508 | +€124 | +32.2% |
| Gross operating margin | 9900 | -€8,817 | €23,373 | +€32,191 | |
| Operating profit (loss) | 9901 | -€9,410 | €22,699 | +€32,109 | |
| Financial charges | 65/66B | €11,574 | €10,747 | -€827 | -7.1% |
| Recurring financial charges | 65 | €11,574 | €10,747 | -€827 | -7.1% |
| Profit (loss) for the period before taxes | 9903 | -€20,984 | €11,952 | +€32,935 | |
| Profit (loss) for the period | 9904 | -€20,984 | €11,952 | +€32,935 | |
| Profit (loss) for the period to be appropriated | 9905 | -€20,984 | €11,952 | +€32,935 |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.