KSV: 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.
KSV
Largest movements
- Receivables within one year +€24,770
up €24,770 (+6.5%), from €379,997 to €404,767
- Reserves +€32,007
up €32,007 (+56.3%), from €56,869 to €88,876
- Gross operating margin +€28,621
up €28,621 (+116.4%), from €24,582 to €53,203
- Other operating charges -€5,636
down €5,636 (-42.5%), from €13,255 to €7,619
- Financial charges +€5,080
up €5,080 (+94.5%), from €5,378 to €10,457
- Taxes +€2,353
up €2,353 (+27.6%), from €8,536 to €10,890
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,246,823 | €1,278,373 | +€31,550 | +2.5% |
| Current assets | 29/58 | €1,246,823 | €1,278,373 | +€31,550 | +2.5% |
| Stocks and contracts in progress | 3 | €850,001 | €850,001 | = | 0.0% |
| Stocks | 30/36 | €850,001 | €850,001 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €379,997 | €404,767 | +€24,770 | +6.5% |
| Other amounts receivable | 41 | €379,997 | €404,767 | +€24,770 | +6.5% |
| Cash at bank and in hand | 54/58 | €10,398 | €18,354 | +€7,956 | +76.5% |
| Deferred charges and accrued income | 490/1 | €6,428 | €5,251 | -€1,176 | -18.3% |
| Total equity and liabilities | 10/49 | €1,246,823 | €1,278,373 | +€31,550 | +2.5% |
| Equity | 10/15 | €996,869 | €1,028,876 | +€32,007 | +3.2% |
| Contributions | 10/11 | €940,000 | €940,000 | = | 0.0% |
| Reserves | 13 | €56,869 | €88,876 | +€32,007 | +56.3% |
| Distributable reserves | 133 | €56,869 | €88,876 | +€32,007 | +56.3% |
| Amounts payable | 17/49 | €249,954 | €249,496 | -€457 | -0.2% |
| Amounts payable within one year | 42/48 | €244,823 | €234,079 | -€10,745 | -4.4% |
| Trade debts | 44 | €101,162 | €101,118 | -€45 | 0.0% |
| Suppliers | 440/4 | €101,162 | €101,118 | -€45 | 0.0% |
| Taxes, remuneration and social security | 45 | €15,392 | €4,693 | -€10,700 | -69.5% |
| Taxes | 450/3 | €15,392 | €4,693 | -€10,700 | -69.5% |
| Other amounts payable | 47/48 | €128,268 | €128,268 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €5,131 | €15,418 | +€10,287 | +200.5% |
| Other operating charges | 640/8 | €13,255 | €7,619 | -€5,636 | -42.5% |
| Gross operating margin | 9900 | €24,582 | €53,203 | +€28,621 | +116.4% |
| Operating profit (loss) | 9901 | €11,326 | €45,584 | +€34,258 | +302.5% |
| Financial income | 75/76B | €8,301 | €7,770 | -€531 | -6.4% |
| Recurring financial income | 75 | €8,301 | €7,770 | -€531 | -6.4% |
| Financial charges | 65/66B | €5,378 | €10,457 | +€5,080 | +94.5% |
| Recurring financial charges | 65 | €5,378 | €10,457 | +€5,080 | +94.5% |
| Profit (loss) for the period before taxes | 9903 | €14,250 | €42,897 | +€28,647 | +201.0% |
| Income taxes | 67/77 | €8,536 | €10,890 | +€2,353 | +27.6% |
| Profit (loss) for the period | 9904 | €5,714 | €32,007 | +€26,293 | +460.2% |
| Profit (loss) for the period to be appropriated | 9905 | €5,714 | €32,007 | +€26,293 | +460.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.