KSPAY: 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.
KSPAY
Largest movements
- Tangible fixed assets +€29,741
up €29,741 (+1350.6%), from €2,202 to €31,944
of which Plant, machinery and equipment: +€24,429
- Receivables within one year +€11,826
up €11,826 (+160.9%), from €7,351 to €19,178
of which Other amounts receivable: +€17,244
- Stocks and contracts +€9,100
new in 2025: €9,100
- Cash -€2,196
down €2,196 (-53.7%), from €4,085 to €1,890
mainly Investment in fixed assets (net) (-€36,328) and Receivables within one year (-€11,826)
- Trade debts +€28,133
up €28,133 (+288.0%), from €9,767 to €37,900
- Profit (loss) carried forward +€15,087
up €15,087 (+55.7%), from -€27,090 to -€12,003
- Tax, wage and social debts +€7,817
up €7,817 (+149.6%), from €5,227 to €13,044
- Other debts -€2,524
down €2,524 (-100.0%), from €2,524 to €0
- Gross operating margin +€22,093
up €22,093 (+590.7%), from €3,740 to €25,834
- Depreciation +€6,539
up €6,539 (+13656.3%), from €48 to €6,587
- Other operating charges +€3,248
up €3,248 (+2752.3%), from €118 to €3,366
- Financial charges +€486
up €486 (+378.2%), from €129 to €615
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 | €13,639 | €62,111 | +€48,472 | +355.4% |
| Fixed assets | 21/28 | €2,202 | €31,944 | +€29,741 | +1350.6% |
| Tangible fixed assets | 22/27 | €2,202 | €31,944 | +€29,741 | +1350.6% |
| Plant, machinery and equipment | 23 | - | €24,429 | +€24,429 | |
| Furniture and vehicles | 24 | €2,202 | €7,515 | +€5,313 | +241.3% |
| Current assets | 29/58 | €11,437 | €30,167 | +€18,731 | +163.8% |
| Stocks and contracts in progress | 3 | - | €9,100 | +€9,100 | |
| Stocks | 30/36 | - | €9,100 | +€9,100 | |
| Amounts receivable within one year | 40/41 | €7,351 | €19,178 | +€11,826 | +160.9% |
| Trade receivables | 40 | €7,346 | €1,928 | -€5,418 | -73.8% |
| Other amounts receivable | 41 | €5 | €17,249 | +€17,244 | +343513.5% |
| Cash at bank and in hand | 54/58 | €4,085 | €1,890 | -€2,196 | -53.7% |
| Total equity and liabilities | 10/49 | €13,639 | €62,111 | +€48,472 | +355.4% |
| Equity | 10/15 | -€3,920 | €11,167 | +€15,087 | |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €3,170 | €3,170 | = | 0.0% |
| Non-distributable reserves | 130/1 | €170 | €170 | = | 0.0% |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Other | 1319 | €170 | €170 | = | 0.0% |
| Distributable reserves | 133 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€27,090 | -€12,003 | +€15,087 | +55.7% |
| Amounts payable | 17/49 | €17,559 | €50,944 | +€33,386 | +190.1% |
| Amounts payable within one year | 42/48 | €17,559 | €50,944 | +€33,386 | +190.1% |
| Financial debts | 43 | €41 | €0 | -€41 | -100.0% |
| Credit institutions | 430/8 | €41 | €0 | -€41 | -100.0% |
| Trade debts | 44 | €9,767 | €37,900 | +€28,133 | +288.0% |
| Suppliers | 440/4 | €9,767 | €37,900 | +€28,133 | +288.0% |
| Taxes, remuneration and social security | 45 | €5,227 | €13,044 | +€7,817 | +149.6% |
| Taxes | 450/3 | €5,227 | €13,044 | +€7,817 | +149.6% |
| Other amounts payable | 47/48 | €2,524 | €0 | -€2,524 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48 | €6,587 | +€6,539 | +13656.3% |
| Other operating charges | 640/8 | €118 | €3,366 | +€3,248 | +2752.3% |
| Non-recurring operating charges | 66A | - | €180 | +€180 | |
| Gross operating margin | 9900 | €3,740 | €25,834 | +€22,093 | +590.7% |
| Operating profit (loss) | 9901 | €3,574 | €15,701 | +€12,127 | +339.3% |
| Financial charges | 65/66B | €129 | €615 | +€486 | +378.2% |
| Recurring financial charges | 65 | €129 | €615 | +€486 | +378.2% |
| Profit (loss) for the period before taxes | 9903 | €3,446 | €15,087 | +€11,641 | +337.8% |
| Profit (loss) for the period | 9904 | €3,446 | €15,087 | +€11,641 | +337.8% |
| Profit (loss) for the period to be appropriated | 9905 | €3,446 | €15,087 | +€11,641 | +337.8% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.