KST LIGHTING: 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.
KST LIGHTING
Largest movements
- Stocks and contracts -€293,031
down €293,031 (-43.1%), from €680,113 to €387,082
of which Stocks: -€621,108
- Receivables within one year +€115,865
up €115,865 (+15.2%), from €762,769 to €878,634
of which Trade receivables: +€102,619
- Intangible fixed assets +€95,083
up €95,083 (+463.8%), from €20,500 to €115,583
- Tangible fixed assets +€63,760
up €63,760 (+420.4%), from €15,168 to €78,928
of which Plant, machinery and equipment: +€63,519
- Cash -€26,504
down €26,504 (-92.8%), from €28,550 to €2,046
mainly Investment in fixed assets (net) (-€198,645) and Current portion of long-term debt (-€143,794)
- Debts after one year +€170,616
new in 2025: €170,616
- Current portion of long-term debt -€143,794
down €143,794 (-95.4%), from €150,710 to €6,917
- Trade debts +€92,626
up €92,626 (+39.1%), from €237,106 to €329,732
- Other debts -€86,950
down €86,950 (-64.0%), from €135,950 to €49,000
- Profit (loss) carried forward -€47,078
down €47,078 (-68.0%), from €69,183 to €22,105
- Depreciation +€19,280
up €19,280 (+94.0%), from €20,521 to €39,801
- Provisions -€17,775
new in 2025: -€17,775
- Other operating charges +€8,675
up €8,675 (+90.3%), from €9,606 to €18,281
- Taxes -€6,238
down €6,238 (-30.1%), from €20,752 to €14,514
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 | €1,532,993 | €1,492,799 | -€40,194 | -2.6% |
| Fixed assets | 21/28 | €35,668 | €194,511 | +€158,843 | +445.3% |
| Intangible fixed assets | 21 | €20,500 | €115,583 | +€95,083 | +463.8% |
| Tangible fixed assets | 22/27 | €15,168 | €78,928 | +€63,760 | +420.4% |
| Plant, machinery and equipment | 23 | €3,934 | €67,453 | +€63,519 | +1614.6% |
| Furniture and vehicles | 24 | €5,223 | €6,839 | +€1,616 | +30.9% |
| Other tangible fixed assets | 26 | €6,011 | €4,636 | -€1,375 | -22.9% |
| Current assets | 29/58 | €1,497,325 | €1,298,288 | -€199,038 | -13.3% |
| Stocks and contracts in progress | 3 | €680,113 | €387,082 | -€293,031 | -43.1% |
| Stocks | 30/36 | €680,113 | €59,005 | -€621,108 | -91.3% |
| Contracts in progress | 37 | - | €328,077 | +€328,077 | |
| Amounts receivable within one year | 40/41 | €762,769 | €878,634 | +€115,865 | +15.2% |
| Trade receivables | 40 | €255,615 | €358,234 | +€102,619 | +40.1% |
| Other amounts receivable | 41 | €507,154 | €520,401 | +€13,247 | +2.6% |
| Current investments | 50/53 | €6,308 | €6,320 | +€12 | +0.2% |
| Cash at bank and in hand | 54/58 | €28,550 | €2,046 | -€26,504 | -92.8% |
| Deferred charges and accrued income | 490/1 | €19,586 | €24,206 | +€4,620 | +23.6% |
| Total equity and liabilities | 10/49 | €1,532,993 | €1,492,799 | -€40,194 | -2.6% |
| Equity | 10/15 | €272,381 | €225,302 | -€47,078 | -17.3% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Reserves | 13 | €53,198 | €53,198 | = | 0.0% |
| Distributable reserves | 133 | €53,198 | €53,198 | = | 0.0% |
| Profit (loss) carried forward | 14 | €69,183 | €22,105 | -€47,078 | -68.0% |
| Provisions and deferred taxes | 16 | €58,821 | €41,046 | -€17,775 | -30.2% |
| Provisions for liabilities and charges | 160/5 | €58,821 | €41,046 | -€17,775 | -30.2% |
| Other liabilities and charges | 164/5 | €58,821 | €41,046 | -€17,775 | -30.2% |
| Amounts payable | 17/49 | €1,201,791 | €1,226,450 | +€24,659 | +2.1% |
| Amounts payable after more than one year | 17 | - | €170,616 | +€170,616 | |
| Financial debts | 170/4 | - | €170,616 | +€170,616 | |
| Amounts payable within one year | 42/48 | €1,201,291 | €1,055,465 | -€145,827 | -12.1% |
| Current portion of amounts payable after more than one year | 42 | €150,710 | €6,917 | -€143,794 | -95.4% |
| Financial debts | 43 | €575,000 | €578,521 | +€3,521 | +0.6% |
| Credit institutions | 430/8 | €575,000 | €578,521 | +€3,521 | +0.6% |
| Trade debts | 44 | €237,106 | €329,732 | +€92,626 | +39.1% |
| Suppliers | 440/4 | €237,106 | €329,732 | +€92,626 | +39.1% |
| Taxes, remuneration and social security | 45 | €102,526 | €91,295 | -€11,231 | -11.0% |
| Taxes | 450/3 | €44,716 | €38,638 | -€6,077 | -13.6% |
| Remuneration and social security | 454/9 | €57,810 | €52,656 | -€5,154 | -8.9% |
| Other amounts payable | 47/48 | €135,950 | €49,000 | -€86,950 | -64.0% |
| Accrued charges and deferred income | 492/3 | €500 | €370 | -€130 | -26.0% |
| Remuneration, social security and pensions | 62 | €486,189 | €487,092 | +€903 | +0.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,521 | €39,801 | +€19,280 | +94.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €2,910 | +€2,910 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | -€17,775 | -€17,775 | |
| Other operating charges | 640/8 | €9,606 | €18,281 | +€8,675 | +90.3% |
| Gross operating margin | 9900 | €581,608 | €578,240 | -€3,368 | -0.6% |
| Operating profit (loss) | 9901 | €65,291 | €47,931 | -€17,361 | -26.6% |
| Financial income | 75/76B | €23,381 | €25,501 | +€2,119 | +9.1% |
| Recurring financial income | 75 | €23,381 | €25,501 | +€2,119 | +9.1% |
| Financial charges | 65/66B | €52,613 | €56,996 | +€4,383 | +8.3% |
| Recurring financial charges | 65 | €52,613 | €56,996 | +€4,383 | +8.3% |
| Profit (loss) for the period before taxes | 9903 | €36,060 | €16,436 | -€19,624 | -54.4% |
| Income taxes | 67/77 | €20,752 | €14,514 | -€6,238 | -30.1% |
| Profit (loss) for the period | 9904 | €15,308 | €1,922 | -€13,386 | -87.4% |
| Profit (loss) for the period to be appropriated | 9905 | €15,308 | €1,922 | -€13,386 | -87.4% |
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 1 October 2026 via checked.be.