KSK Construct: 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.
KSK Construct
Largest movements
- Tangible fixed assets -€8,887
down €8,887 (-36.2%), from €24,584 to €15,696
of which Leasing and similar rights: -€8,340
- Cash -€3,523
down €3,523 (-33.1%), from €10,653 to €7,130
mainly Debts after one year (-€21,872) and Tax, wage and social debts (-€6,596)
- Receivables within one year -€2,245
down €2,245 (-24.3%), from €9,245 to €7,000
- Debts after one year -€21,872
down €21,872 (-82.7%), from €26,457 to €4,584
- Reserves +€16,000
up €16,000 (+38.1%), from €42,000 to €58,000
- Tax, wage and social debts -€6,596
down €6,596 (-32.3%), from €20,409 to €13,813
of which Taxes: -€6,596
- Current portion of long-term debt -€2,169
down €2,169 (-9.0%), from €24,042 to €21,872
- Gross operating margin +€2,000
up €2,000 (+5.5%), from €36,546 to €38,546
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 | €194,734 | €180,657 | -€14,077 | -7.2% |
| Fixed assets | 21/28 | €174,584 | €165,696 | -€8,887 | -5.1% |
| Tangible fixed assets | 22/27 | €24,584 | €15,696 | -€8,887 | -36.2% |
| Furniture and vehicles | 24 | €1,317 | €769 | -€548 | -41.6% |
| Leasing and similar rights | 25 | €23,267 | €14,928 | -€8,340 | -35.8% |
| Financial fixed assets | 28 | €150,000 | €150,000 | = | 0.0% |
| Current assets | 29/58 | €20,150 | €14,960 | -€5,190 | -25.8% |
| Amounts receivable within one year | 40/41 | €9,245 | €7,000 | -€2,245 | -24.3% |
| Trade receivables | 40 | €9,245 | €7,000 | -€2,245 | -24.3% |
| Cash at bank and in hand | 54/58 | €10,653 | €7,130 | -€3,523 | -33.1% |
| Deferred charges and accrued income | 490/1 | €252 | €831 | +€578 | +229.2% |
| Total equity and liabilities | 10/49 | €194,734 | €180,657 | -€14,077 | -7.2% |
| Equity | 10/15 | €49,353 | €66,140 | +€16,788 | +34.0% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €42,000 | €58,000 | +€16,000 | +38.1% |
| Distributable reserves | 133 | €42,000 | €58,000 | +€16,000 | +38.1% |
| Profit (loss) carried forward | 14 | €4,853 | €5,640 | +€788 | +16.2% |
| Amounts payable | 17/49 | €145,381 | €114,516 | -€30,865 | -21.2% |
| Amounts payable after more than one year | 17 | €26,457 | €4,584 | -€21,872 | -82.7% |
| Financial debts | 170/4 | €26,457 | €4,584 | -€21,872 | -82.7% |
| Amounts payable within one year | 42/48 | €116,150 | €106,438 | -€9,713 | -8.4% |
| Current portion of amounts payable after more than one year | 42 | €24,042 | €21,872 | -€2,169 | -9.0% |
| Trade debts | 44 | €179 | €21 | -€158 | -88.2% |
| Suppliers | 440/4 | €179 | €21 | -€158 | -88.2% |
| Taxes, remuneration and social security | 45 | €20,409 | €13,813 | -€6,596 | -32.3% |
| Taxes | 450/3 | €18,659 | €12,063 | -€6,596 | -35.4% |
| Remuneration and social security | 454/9 | €1,750 | €1,750 | = | 0.0% |
| Other amounts payable | 47/48 | €71,522 | €70,732 | -€790 | -1.1% |
| Accrued charges and deferred income | 492/3 | €2,774 | €3,494 | +€721 | +26.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,145 | €8,887 | -€258 | -2.8% |
| Other operating charges | 640/8 | €884 | €909 | +€26 | +2.9% |
| Gross operating margin | 9900 | €36,546 | €38,546 | +€2,000 | +5.5% |
| Operating profit (loss) | 9901 | €26,517 | €28,749 | +€2,232 | +8.4% |
| Financial charges | 65/66B | €4,169 | €4,457 | +€288 | +6.9% |
| Recurring financial charges | 65 | €4,169 | €4,457 | +€288 | +6.9% |
| Profit (loss) for the period before taxes | 9903 | €22,349 | €24,293 | +€1,944 | +8.7% |
| Income taxes | 67/77 | €7,580 | €7,505 | -€75 | -1.0% |
| Profit (loss) for the period | 9904 | €14,769 | €16,788 | +€2,019 | +13.7% |
| Profit (loss) for the period to be appropriated | 9905 | €14,769 | €16,788 | +€2,019 | +13.7% |
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 28 September 2026 via checked.be.