KST Management: 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.
KST Management
Largest movements
No asset line moved by more than 1% of the balance sheet total.
- Other debts +€234,064
up €234,064 (+33.2%), from €704,376 to €938,441
- Debts after one year -€146,422
down €146,422 (-35.3%), from €414,486 to €268,064
- Profit (loss) carried forward -€47,845
down €47,845 (-56.8%), from €84,198 to €36,353
- Current portion of long-term debt -€26,242
down €26,242 (-13.0%), from €201,565 to €175,324
- Gross operating margin +€2,107
up €2,107 (+18.2%), from -€11,596 to -€9,489
- Other operating charges -€851
down €851 (-33.8%), from €2,520 to €1,668
- Financial charges +€730
up €730 (+2.0%), from €36,384 to €37,115
- Financial income +€427
up €427 (+224752.6%), from €0 to €427
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 | €1,452,502 | €1,452,896 | +€394 | 0.0% |
| Fixed assets | 21/28 | €1,444,960 | €1,444,960 | = | 0.0% |
| Financial fixed assets | 28 | €1,444,960 | €1,444,960 | = | 0.0% |
| Current assets | 29/58 | €7,542 | €7,936 | +€394 | +5.2% |
| Amounts receivable within one year | 40/41 | €7,495 | €7,922 | +€427 | +5.7% |
| Other amounts receivable | 41 | €7,495 | €7,922 | +€427 | +5.7% |
| Cash at bank and in hand | 54/58 | €47 | €14 | -€33 | -70.5% |
| Total equity and liabilities | 10/49 | €1,452,502 | €1,452,896 | +€394 | 0.0% |
| Equity | 10/15 | €87,498 | €39,653 | -€47,845 | -54.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €300 | €300 | = | 0.0% |
| Non-distributable reserves | 130/1 | €300 | €300 | = | 0.0% |
| Other | 1319 | €300 | €300 | = | 0.0% |
| Profit (loss) carried forward | 14 | €84,198 | €36,353 | -€47,845 | -56.8% |
| Amounts payable | 17/49 | €1,365,004 | €1,413,243 | +€48,239 | +3.5% |
| Amounts payable after more than one year | 17 | €414,486 | €268,064 | -€146,422 | -35.3% |
| Financial debts | 170/4 | €414,486 | €268,064 | -€146,422 | -35.3% |
| Amounts payable within one year | 42/48 | €949,733 | €1,144,614 | +€194,881 | +20.5% |
| Current portion of amounts payable after more than one year | 42 | €201,565 | €175,324 | -€26,242 | -13.0% |
| Trade debts | 44 | €43,792 | €30,849 | -€12,942 | -29.6% |
| Suppliers | 440/4 | €43,792 | €30,849 | -€12,942 | -29.6% |
| Other amounts payable | 47/48 | €704,376 | €938,441 | +€234,064 | +33.2% |
| Accrued charges and deferred income | 492/3 | €785 | €565 | -€220 | -28.0% |
| Other operating charges | 640/8 | €2,520 | €1,668 | -€851 | -33.8% |
| Gross operating margin | 9900 | -€11,596 | -€9,489 | +€2,107 | +18.2% |
| Operating profit (loss) | 9901 | -€14,115 | -€11,157 | +€2,958 | +21.0% |
| Financial income | 75/76B | €0 | €427 | +€427 | +224752.6% |
| Recurring financial income | 75 | €0 | €427 | +€427 | +224752.6% |
| Financial charges | 65/66B | €36,384 | €37,115 | +€730 | +2.0% |
| Recurring financial charges | 65 | €36,384 | €37,115 | +€730 | +2.0% |
| Profit (loss) for the period before taxes | 9903 | -€50,499 | -€47,845 | +€2,655 | +5.3% |
| Income taxes | 67/77 | €0 | - | -€0 | |
| Profit (loss) for the period | 9904 | -€50,499 | -€47,845 | +€2,655 | +5.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€50,499 | -€47,845 | +€2,655 | +5.3% |
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 11 October 2026 via checked.be.