KSL total concepts: 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.
KSL total concepts
Largest movements
- Tangible fixed assets +€118,721
up €118,721 (+25.2%), from €470,702 to €589,423
of which Plant, machinery and equipment: +€145,039
- Receivables within one year -€107,742
down €107,742 (-92.9%), from €115,972 to €8,230
of which Other amounts receivable: -€110,383
- Cash -€51,105
down €51,105 (-44.7%), from €114,220 to €63,116
mainly Investment in fixed assets (net) (-€188,674) and Contributions, distributions and other (-€82,000)
- Debts after one year +€102,768
up €102,768 (+34.4%), from €298,668 to €401,436
- Contributions -€82,000
down €82,000 (-40.6%), from €202,000 to €120,000
- Tax, wage and social debts -€68,909
down €68,909 (-99.5%), from €69,256 to €347
- Current portion of long-term debt +€13,552
up €13,552 (+51.6%), from €26,286 to €39,837
- Gross operating margin -€241,278
down €241,278 (-75.4%), from €319,821 to €78,543
- Taxes -€94,423
down €94,423 (-100%), from €94,423 to €0
- Depreciation +€24,467
up €24,467 (+53.8%), from €45,485 to €69,952
- Write-downs -€6,280
down €6,280, from €3,740 to -€2,540
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 | €704,150 | €665,939 | -€38,211 | -5.4% |
| Fixed assets | 21/28 | €470,702 | €589,423 | +€118,721 | +25.2% |
| Tangible fixed assets | 22/27 | €470,702 | €589,423 | +€118,721 | +25.2% |
| Land and buildings | 22 | €395,515 | €369,198 | -€26,317 | -6.7% |
| Plant, machinery and equipment | 23 | €75,186 | €220,225 | +€145,039 | +193% |
| Current assets | 29/58 | €233,448 | €76,516 | -€156,932 | -67.2% |
| Amounts receivable within one year | 40/41 | €115,972 | €8,230 | -€107,742 | -92.9% |
| Trade receivables | 40 | €2,675 | €5,315 | +€2,641 | +98.7% |
| Other amounts receivable | 41 | €113,298 | €2,915 | -€110,383 | -97.4% |
| Cash at bank and in hand | 54/58 | €114,220 | €63,116 | -€51,105 | -44.7% |
| Deferred charges and accrued income | 490/1 | €3,255 | €5,170 | +€1,915 | +58.8% |
| Total equity and liabilities | 10/49 | €704,150 | €665,939 | -€38,211 | -5.4% |
| Equity | 10/15 | €303,125 | €222,845 | -€80,280 | -26.5% |
| Contributions | 10/11 | €202,000 | €120,000 | -€82,000 | -40.6% |
| Reserves | 13 | €101,125 | €101,125 | = | 0.0% |
| Distributable reserves | 133 | €101,125 | €101,125 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €1,720 | +€1,720 | |
| Amounts payable | 17/49 | €401,025 | €443,093 | +€42,069 | +10.5% |
| Amounts payable after more than one year | 17 | €298,668 | €401,436 | +€102,768 | +34.4% |
| Financial debts | 170/4 | €298,668 | €401,436 | +€102,768 | +34.4% |
| Amounts payable within one year | 42/48 | €96,000 | €41,658 | -€54,343 | -56.6% |
| Current portion of amounts payable after more than one year | 42 | €26,286 | €39,837 | +€13,552 | +51.6% |
| Trade debts | 44 | €459 | €1,473 | +€1,015 | +221% |
| Suppliers | 440/4 | €459 | €1,473 | +€1,015 | +221% |
| Taxes, remuneration and social security | 45 | €69,256 | €347 | -€68,909 | -99.5% |
| Taxes | 450/3 | €69,256 | €347 | -€68,909 | -99.5% |
| Accrued charges and deferred income | 492/3 | €6,356 | €0 | -€6,356 | -100% |
| Non-recurring operating income | 76A | €167,534 | €470 | -€167,064 | -99.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,485 | €69,952 | +€24,467 | +53.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €3,740 | -€2,540 | -€6,280 | |
| Other operating charges | 640/8 | €4,163 | €4,486 | +€323 | +7.8% |
| Gross operating margin | 9900 | €319,821 | €78,543 | -€241,278 | -75.4% |
| Operating profit (loss) | 9901 | €266,433 | €6,644 | -€259,789 | -97.5% |
| Financial income | 75/76B | €5,728 | €4,547 | -€1,181 | -20.6% |
| Recurring financial income | 75 | €5,728 | €4,547 | -€1,181 | -20.6% |
| Financial charges | 65/66B | €7,303 | €9,470 | +€2,168 | +29.7% |
| Recurring financial charges | 65 | €7,303 | €9,470 | +€2,168 | +29.7% |
| Profit (loss) for the period before taxes | 9903 | €264,858 | €1,720 | -€263,138 | -99.4% |
| Income taxes | 67/77 | €94,423 | €0 | -€94,423 | -100% |
| Profit (loss) for the period | 9904 | €170,435 | €1,720 | -€168,715 | -99.0% |
| Profit (loss) for the period to be appropriated | 9905 | €170,435 | €1,720 | -€168,715 | -99.0% |
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 20 October 2026 via checked.be.