KSP: 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.
KSP
Largest movements
- Cash -€74,207
down €74,207 (-24.1%), from €308,393 to €234,187
mainly Contributions, distributions and other (-€100,000) and Investment in fixed assets (net) (-€29,387)
- Receivables within one year -€72,347
down €72,347 (-60.3%), from €119,984 to €47,637
of which Trade receivables: -€60,640
- Stocks and contracts +€22,113
up €22,113 (+134.4%), from €16,455 to €38,568
- Tangible fixed assets +€19,425
up €19,425 (+101.9%), from €19,072 to €38,497
of which Furniture and vehicles: +€21,270
- Profit (loss) carried forward -€80,365
down €80,365 (-20.1%), from €400,069 to €319,704
- Trade debts -€20,801
down €20,801 (-53.3%), from €39,052 to €18,251
- Staff costs -€36,023
down €36,023 (-85.5%), from €42,135 to €6,111
- Gross operating margin -€9,269
down €9,269 (-18.3%), from €50,615 to €41,345
- Taxes +€4,881
up €4,881 (+2560.1%), from €191 to €5,072
- Depreciation -€3,611
down €3,611 (-26.6%), from €13,573 to €9,961
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 | €465,451 | €358,888 | -€106,563 | -22.9% |
| Fixed assets | 21/28 | €19,072 | €38,497 | +€19,425 | +101.9% |
| Tangible fixed assets | 22/27 | €19,072 | €38,497 | +€19,425 | +101.9% |
| Plant, machinery and equipment | 23 | €6,080 | €4,235 | -€1,845 | -30.3% |
| Furniture and vehicles | 24 | €12,992 | €34,262 | +€21,270 | +163.7% |
| Current assets | 29/58 | €446,379 | €320,391 | -€125,988 | -28.2% |
| Stocks and contracts in progress | 3 | €16,455 | €38,568 | +€22,113 | +134.4% |
| Stocks | 30/36 | €16,455 | €38,568 | +€22,113 | +134.4% |
| Amounts receivable within one year | 40/41 | €119,984 | €47,637 | -€72,347 | -60.3% |
| Trade receivables | 40 | €104,350 | €43,710 | -€60,640 | -58.1% |
| Other amounts receivable | 41 | €15,634 | €3,927 | -€11,707 | -74.9% |
| Cash at bank and in hand | 54/58 | €308,393 | €234,187 | -€74,207 | -24.1% |
| Deferred charges and accrued income | 490/1 | €1,547 | - | -€1,547 | |
| Total equity and liabilities | 10/49 | €465,451 | €358,888 | -€106,563 | -22.9% |
| Equity | 10/15 | €417,129 | €336,764 | -€80,365 | -19.3% |
| Contributions | 10/11 | €15,200 | €15,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | - | €1,860 | +€1,860 | |
| Profit (loss) carried forward | 14 | €400,069 | €319,704 | -€80,365 | -20.1% |
| Amounts payable | 17/49 | €48,321 | €22,124 | -€26,198 | -54.2% |
| Amounts payable within one year | 42/48 | €45,194 | €22,124 | -€23,071 | -51.0% |
| Current portion of amounts payable after more than one year | 42 | €1,000 | €1,000 | = | 0.0% |
| Trade debts | 44 | €39,052 | €18,251 | -€20,801 | -53.3% |
| Suppliers | 440/4 | €39,052 | €18,251 | -€20,801 | -53.3% |
| Taxes, remuneration and social security | 45 | €5,143 | €2,873 | -€2,270 | -44.1% |
| Taxes | 450/3 | €2,497 | €2,873 | +€376 | +15.1% |
| Remuneration and social security | 454/9 | €2,646 | - | -€2,646 | |
| Accrued charges and deferred income | 492/3 | €3,127 | - | -€3,127 | |
| Remuneration, social security and pensions | 62 | €42,135 | €6,111 | -€36,023 | -85.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,573 | €9,961 | -€3,611 | -26.6% |
| Other operating charges | 640/8 | €689 | €310 | -€379 | -55.0% |
| Gross operating margin | 9900 | €50,615 | €41,345 | -€9,269 | -18.3% |
| Operating profit (loss) | 9901 | -€5,782 | €24,962 | +€30,744 | |
| Financial income | 75/76B | €821 | €322 | -€499 | -60.8% |
| Recurring financial income | 75 | €821 | €322 | -€499 | -60.8% |
| Financial charges | 65/66B | €374 | €577 | +€203 | +54.2% |
| Recurring financial charges | 65 | €374 | €577 | +€203 | +54.2% |
| Profit (loss) for the period before taxes | 9903 | -€5,335 | €24,707 | +€30,042 | |
| Income taxes | 67/77 | €191 | €5,072 | +€4,881 | +2560.1% |
| Profit (loss) for the period | 9904 | -€5,526 | €19,635 | +€25,161 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,526 | €19,635 | +€25,161 |
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 5 October 2026 via checked.be.