KSN SERVICES: 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.
KSN SERVICES
Largest movements
- Cash -€172,165
down €172,165 (-70.5%), from €244,295 to €72,129
mainly Contributions, distributions and other (-€534,860) and Receivables within one year (-€108,317)
- Receivables within one year +€108,317
up €108,317 (+306%), from €35,374 to €143,691
of which Trade receivables: +€119,114
- Current investments +€25,014
up €25,014 (+6.9%), from €363,927 to €388,941
- Reserves -€235,503
down €235,503 (-78.9%), from €298,458 to €62,955
- Other debts +€185,821
up €185,821 (+76.2%), from €243,765 to €429,586
- Accrued charges and deferred income +€20,743
up €20,743 (+101%), from €20,631 to €41,374
- Tax, wage and social debts -€13,983
down €13,983 (-19.4%), from €72,057 to €58,074
- Financial income +€79,433
up €79,433 (+1,470%), from €5,403 to €84,836
- Gross operating margin -€55,746
down €55,746 (-14.6%), from €382,348 to €326,602
- Taxes +€9,360
up €9,360 (+9.7%), from €96,460 to €105,820
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 | €654,883 | €614,948 | -€39,935 | -6.1% |
| Fixed assets | 21/28 | €10,238 | €9,137 | -€1,101 | -10.8% |
| Tangible fixed assets | 22/27 | €10,238 | €9,137 | -€1,101 | -10.8% |
| Plant, machinery and equipment | 23 | €1,410 | €941 | -€469 | -33.3% |
| Furniture and vehicles | 24 | €6,815 | €6,635 | -€180 | -2.6% |
| Other tangible fixed assets | 26 | €2,014 | €1,561 | -€453 | -22.5% |
| Current assets | 29/58 | €644,645 | €605,811 | -€38,834 | -6.0% |
| Amounts receivable within one year | 40/41 | €35,374 | €143,691 | +€108,317 | +306% |
| Trade receivables | 40 | €24,577 | €143,691 | +€119,114 | +485% |
| Other amounts receivable | 41 | €10,797 | - | -€10,797 | |
| Current investments | 50/53 | €363,927 | €388,941 | +€25,014 | +6.9% |
| Cash at bank and in hand | 54/58 | €244,295 | €72,129 | -€172,165 | -70.5% |
| Deferred charges and accrued income | 490/1 | €1,050 | €1,050 | = | 0.0% |
| Total equity and liabilities | 10/49 | €654,883 | €614,948 | -€39,935 | -6.1% |
| Equity | 10/15 | €317,058 | €81,555 | -€235,503 | -74.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €298,458 | €62,955 | -€235,503 | -78.9% |
| Distributable reserves | 133 | €298,458 | €62,955 | -€235,503 | -78.9% |
| Amounts payable | 17/49 | €337,826 | €533,394 | +€195,568 | +57.9% |
| Amounts payable within one year | 42/48 | €317,194 | €492,019 | +€174,825 | +55.1% |
| Trade debts | 44 | €1,372 | €4,360 | +€2,987 | +218% |
| Suppliers | 440/4 | €1,372 | €4,360 | +€2,987 | +218% |
| Taxes, remuneration and social security | 45 | €72,057 | €58,074 | -€13,983 | -19.4% |
| Taxes | 450/3 | €72,057 | €58,074 | -€13,983 | -19.4% |
| Other amounts payable | 47/48 | €243,765 | €429,586 | +€185,821 | +76.2% |
| Accrued charges and deferred income | 492/3 | €20,631 | €41,374 | +€20,743 | +101% |
| Non-recurring operating income | 76A | - | €9,672 | +€9,672 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,211 | €3,739 | +€528 | +16.4% |
| Other operating charges | 640/8 | €922 | €1,223 | +€301 | +32.7% |
| Gross operating margin | 9900 | €382,348 | €326,602 | -€55,746 | -14.6% |
| Operating profit (loss) | 9901 | €378,215 | €321,640 | -€56,575 | -15.0% |
| Financial income | 75/76B | €5,403 | €84,836 | +€79,433 | +1,470% |
| Recurring financial income | 75 | €5,403 | €84,836 | +€79,433 | +1,470% |
| Financial charges | 65/66B | €376 | €1,299 | +€923 | +246% |
| Recurring financial charges | 65 | €376 | €1,299 | +€923 | +246% |
| Profit (loss) for the period before taxes | 9903 | €383,242 | €405,177 | +€21,935 | +5.7% |
| Income taxes | 67/77 | €96,460 | €105,820 | +€9,360 | +9.7% |
| Profit (loss) for the period | 9904 | €286,782 | €299,357 | +€12,575 | +4.4% |
| Profit (loss) for the period to be appropriated | 9905 | €286,782 | €299,357 | +€12,575 | +4.4% |
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 17 October 2026 via checked.be.