KSOUR: 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.
KSOUR
Largest movements
- Receivables within one year +€228,220
up €228,220 (+23.5%), from €970,940 to €1.2m
of which Other amounts receivable: +€233,522
- Tangible fixed assets +€62,683
up €62,683 (+21.6%), from €289,756 to €352,440
of which Other tangible fixed assets: +€59,929
- Deferred charges and accrued income +€42,243
up €42,243 (+7,785%), from €543 to €42,786
- Trade debts +€226,335
up €226,335 (+72.5%), from €312,305 to €538,640
- Reserves +€210,500
up €210,500 (+11,317%), from €1,860 to €212,360
of which Tax-exempt reserves: +€210,500
- Profit (loss) carried forward -€148,208
down €148,208 (-19.0%), from €779,818 to €631,610
- Current portion of long-term debt +€133,389
new in 2025: €133,389
- Debts after one year -€51,974
down €51,974 (-38.2%), from €136,069 to €84,096
- Staff costs +€182,049
up €182,049 (+15.7%), from €1.2m to €1.3m
- Gross operating margin -€151,910
down €151,910 (-9.2%), from €1.7m to €1.5m
- Taxes -€91,747
down €91,747 (-77.2%), from €118,833 to €27,085
- Financial charges -€24,416
down €24,416 (-59.7%), from €40,868 to €16,452
- Financial income -€19,460
down €19,460 (-99.5%), from €19,554 to €94
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 | €1,617,224 | €1,970,282 | +€353,058 | +21.8% |
| Fixed assets | 21/28 | €289,756 | €352,440 | +€62,683 | +21.6% |
| Tangible fixed assets | 22/27 | €289,756 | €352,440 | +€62,683 | +21.6% |
| Plant, machinery and equipment | 23 | €28,505 | €19,091 | -€9,414 | -33.0% |
| Furniture and vehicles | 24 | €153,022 | €165,191 | +€12,169 | +8.0% |
| Other tangible fixed assets | 26 | €108,229 | €168,158 | +€59,929 | +55.4% |
| Current assets | 29/58 | €1,327,468 | €1,617,843 | +€290,375 | +21.9% |
| Stocks and contracts in progress | 3 | €43,476 | €46,006 | +€2,530 | +5.8% |
| Stocks | 30/36 | €43,476 | €46,006 | +€2,530 | +5.8% |
| Amounts receivable within one year | 40/41 | €970,940 | €1,199,160 | +€228,220 | +23.5% |
| Trade receivables | 40 | €141,417 | €136,115 | -€5,302 | -3.7% |
| Other amounts receivable | 41 | €829,522 | €1,063,044 | +€233,522 | +28.2% |
| Cash at bank and in hand | 54/58 | €312,510 | €329,892 | +€17,382 | +5.6% |
| Deferred charges and accrued income | 490/1 | €543 | €42,786 | +€42,243 | +7,785% |
| Total equity and liabilities | 10/49 | €1,617,224 | €1,970,282 | +€353,058 | +21.8% |
| Equity | 10/15 | €787,878 | €850,170 | +€62,292 | +7.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €212,360 | +€210,500 | +11,317% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | - | €210,500 | +€210,500 | |
| Profit (loss) carried forward | 14 | €779,818 | €631,610 | -€148,208 | -19.0% |
| Amounts payable | 17/49 | €829,347 | €1,120,112 | +€290,766 | +35.1% |
| Amounts payable after more than one year | 17 | €136,069 | €84,096 | -€51,974 | -38.2% |
| Financial debts | 170/4 | €136,069 | €84,096 | -€51,974 | -38.2% |
| Amounts payable within one year | 42/48 | €685,196 | €1,028,354 | +€343,158 | +50.1% |
| Current portion of amounts payable after more than one year | 42 | - | €133,389 | +€133,389 | |
| Trade debts | 44 | €312,305 | €538,640 | +€226,335 | +72.5% |
| Suppliers | 440/4 | €312,305 | €538,640 | +€226,335 | +72.5% |
| Advances received on contracts in progress | 46 | €99,641 | €97,029 | -€2,612 | -2.6% |
| Taxes, remuneration and social security | 45 | €271,944 | €253,491 | -€18,453 | -6.8% |
| Taxes | 450/3 | €142,279 | €50,378 | -€91,901 | -64.6% |
| Remuneration and social security | 454/9 | €129,666 | €203,113 | +€73,448 | +56.6% |
| Other amounts payable | 47/48 | €1,306 | €5,805 | +€4,499 | +344% |
| Accrued charges and deferred income | 492/3 | €8,081 | €7,662 | -€419 | -5.2% |
| Remuneration, social security and pensions | 62 | €1,163,214 | €1,345,262 | +€182,049 | +15.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,681 | €45,636 | +€4,956 | +12.2% |
| Other operating charges | 640/8 | €1,343 | €2,552 | +€1,209 | +90.1% |
| Gross operating margin | 9900 | €1,651,096 | €1,499,187 | -€151,910 | -9.2% |
| Operating profit (loss) | 9901 | €445,859 | €105,736 | -€340,123 | -76.3% |
| Financial income | 75/76B | €19,554 | €94 | -€19,460 | -99.5% |
| Recurring financial income | 75 | €19,554 | €94 | -€19,460 | -99.5% |
| Financial charges | 65/66B | €40,868 | €16,452 | -€24,416 | -59.7% |
| Recurring financial charges | 65 | €40,868 | €16,452 | -€24,416 | -59.7% |
| Profit (loss) for the period before taxes | 9903 | €424,545 | €89,378 | -€335,167 | -78.9% |
| Income taxes | 67/77 | €118,833 | €27,085 | -€91,747 | -77.2% |
| Profit (loss) for the period | 9904 | €305,712 | €62,292 | -€243,420 | -79.6% |
| Transfer to tax-exempt reserves | 689 | - | €210,500 | +€210,500 | |
| Profit (loss) for the period to be appropriated | 9905 | €305,712 | -€148,208 | -€453,920 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.