KSvets: what changed
KSvets
Largest movements
- Stocks and contracts +€44,236
up €44,236 (+111%), from €39,740 to €83,976
- Tangible fixed assets -€9,305
down €9,305 (-36.5%), from €25,471 to €16,166
of which Plant, machinery and equipment: -€8,487
- Receivables within one year +€7,768
up €7,768 (+73.9%), from €10,515 to €18,283
of which Trade receivables: +€10,505
- Cash +€5,136
up €5,136 (+8.6%), from €59,478 to €64,614
mainly Net result for the year (+€79,376) and Tax, wage and social debts (+€21,520)
- Tax, wage and social debts +€21,520
up €21,520 (+85.7%), from €25,103 to €46,623
of which Taxes: +€21,728
- Profit (loss) carried forward +€19,376
up €19,376 (+62.8%), from €30,831 to €50,207
- Other debts +€18,521
up €18,521 (+57.0%), from €32,517 to €51,038
- Trade debts -€5,758
down €5,758 (-21.1%), from €27,318 to €21,560
- Current portion of long-term debt -€3,063
down €3,063 (-66.1%), from €4,634 to €1,571
- Financial income +€7,599
up €7,599 (+379,954%), from €2 to €7,601
- Gross operating margin +€5,672
up €5,672 (+3.9%), from €146,701 to €152,373
- Staff costs +€4,502
up €4,502 (+11.0%), from €40,777 to €45,279
- Depreciation -€3,502
down €3,502 (-27.3%), from €12,808 to €9,306
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €141,974 | €191,509 | +€49,535 | +34.9% |
| Fixed assets | 21/28 | €26,311 | €17,006 | -€9,305 | -35.4% |
| Tangible fixed assets | 22/27 | €25,471 | €16,166 | -€9,305 | -36.5% |
| Plant, machinery and equipment | 23 | €18,732 | €10,245 | -€8,487 | -45.3% |
| Furniture and vehicles | 24 | €4,496 | €3,994 | -€502 | -11.2% |
| Other tangible fixed assets | 26 | €2,243 | €1,927 | -€316 | -14.1% |
| Financial fixed assets | 28 | €840 | €840 | = | 0.0% |
| Current assets | 29/58 | €115,663 | €174,503 | +€58,840 | +50.9% |
| Stocks and contracts in progress | 3 | €39,740 | €83,976 | +€44,236 | +111% |
| Stocks | 30/36 | €39,740 | €83,976 | +€44,236 | +111% |
| Amounts receivable within one year | 40/41 | €10,515 | €18,283 | +€7,768 | +73.9% |
| Trade receivables | 40 | €7,778 | €18,283 | +€10,505 | +135% |
| Other amounts receivable | 41 | €2,737 | €0 | -€2,737 | -100% |
| Cash at bank and in hand | 54/58 | €59,478 | €64,614 | +€5,136 | +8.6% |
| Deferred charges and accrued income | 490/1 | €5,930 | €7,630 | +€1,700 | +28.7% |
| Total equity and liabilities | 10/49 | €141,974 | €191,509 | +€49,535 | +34.9% |
| Equity | 10/15 | €50,831 | €70,207 | +€19,376 | +38.1% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €30,831 | €50,207 | +€19,376 | +62.8% |
| Amounts payable | 17/49 | €91,143 | €121,302 | +€30,159 | +33.1% |
| Amounts payable after more than one year | 17 | €1,571 | €0 | -€1,571 | -100% |
| Financial debts | 170/4 | €1,571 | €0 | -€1,571 | -100% |
| Amounts payable within one year | 42/48 | €89,572 | €121,302 | +€31,730 | +35.4% |
| Current portion of amounts payable after more than one year | 42 | €4,634 | €1,571 | -€3,063 | -66.1% |
| Financial debts | 43 | - | €510 | +€510 | |
| Credit institutions | 430/8 | - | €510 | +€510 | |
| Trade debts | 44 | €27,318 | €21,560 | -€5,758 | -21.1% |
| Suppliers | 440/4 | €27,318 | €21,560 | -€5,758 | -21.1% |
| Taxes, remuneration and social security | 45 | €25,103 | €46,623 | +€21,520 | +85.7% |
| Taxes | 450/3 | €18,490 | €40,218 | +€21,728 | +118% |
| Remuneration and social security | 454/9 | €6,613 | €6,405 | -€208 | -3.1% |
| Other amounts payable | 47/48 | €32,517 | €51,038 | +€18,521 | +57.0% |
| Remuneration, social security and pensions | 62 | €40,777 | €45,279 | +€4,502 | +11.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,808 | €9,306 | -€3,502 | -27.3% |
| Other operating charges | 640/8 | €420 | €1,043 | +€623 | +148% |
| Gross operating margin | 9900 | €146,701 | €152,373 | +€5,672 | +3.9% |
| Operating profit (loss) | 9901 | €92,696 | €96,745 | +€4,049 | +4.4% |
| Financial income | 75/76B | €2 | €7,601 | +€7,599 | +379,954% |
| Recurring financial income | 75 | €2 | €7,601 | +€7,599 | +379,954% |
| Financial charges | 65/66B | €2,208 | €1,637 | -€571 | -25.9% |
| Recurring financial charges | 65 | €2,208 | €1,637 | -€571 | -25.9% |
| Profit (loss) for the period before taxes | 9903 | €90,490 | €102,710 | +€12,220 | +13.5% |
| Income taxes | 67/77 | €23,659 | €23,333 | -€326 | -1.4% |
| Profit (loss) for the period | 9904 | €66,831 | €79,376 | +€12,545 | +18.8% |
| Profit (loss) for the period to be appropriated | 9905 | €66,831 | €79,376 | +€12,545 | +18.8% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.