KYSTAR: 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.
KYSTAR
Largest movements
- Tangible fixed assets +€60,057
up €60,057 (+62.2%), from €96,579 to €156,636
of which Furniture and vehicles: +€63,933
- Cash -€49,470
down €49,470 (-41.1%), from €120,471 to €71,001
mainly Investment in fixed assets (net) (-€80,222) and Contributions, distributions and other (-€23,529)
- Receivables within one year +€19,231
up €19,231 (+105.6%), from €18,218 to €37,449
of which Trade receivables: +€19,483
- Reserves +€26,814
up €26,814 (+15.7%), from €170,462 to €197,276
- Tax, wage and social debts +€14,663
up €14,663 (+248.1%), from €5,910 to €20,573
of which Taxes: +€9,068
- Debts after one year -€9,088
down €9,088 (-40.9%), from €22,234 to €13,146
- Staff costs +€40,302
new in 2025: €40,302
- Gross operating margin +€19,581
up €19,581 (+16.6%), from €117,613 to €137,194
- Depreciation -€10,858
down €10,858 (-35.0%), from €31,023 to €20,165
- Taxes -€1,781
down €1,781 (-7.0%), from €25,612 to €23,831
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 | €235,268 | €265,086 | +€29,818 | +12.7% |
| Fixed assets | 21/28 | €96,579 | €156,636 | +€60,057 | +62.2% |
| Tangible fixed assets | 22/27 | €96,579 | €156,636 | +€60,057 | +62.2% |
| Plant, machinery and equipment | 23 | €19,540 | €15,665 | -€3,876 | -19.8% |
| Furniture and vehicles | 24 | €77,039 | €140,971 | +€63,933 | +83.0% |
| Current assets | 29/58 | €138,689 | €108,450 | -€30,239 | -21.8% |
| Amounts receivable within one year | 40/41 | €18,218 | €37,449 | +€19,231 | +105.6% |
| Trade receivables | 40 | €17,966 | €37,449 | +€19,483 | +108.4% |
| Other amounts receivable | 41 | €252 | - | -€252 | |
| Cash at bank and in hand | 54/58 | €120,471 | €71,001 | -€49,470 | -41.1% |
| Total equity and liabilities | 10/49 | €235,268 | €265,086 | +€29,818 | +12.7% |
| Equity | 10/15 | €185,462 | €212,276 | +€26,814 | +14.5% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €170,462 | €197,276 | +€26,814 | +15.7% |
| Distributable reserves | 133 | €170,462 | €197,276 | +€26,814 | +15.7% |
| Amounts payable | 17/49 | €49,806 | €52,810 | +€3,004 | +6.0% |
| Amounts payable after more than one year | 17 | €22,234 | €13,146 | -€9,088 | -40.9% |
| Financial debts | 170/4 | €22,234 | €13,146 | -€9,088 | -40.9% |
| Amounts payable within one year | 42/48 | €27,572 | €39,664 | +€12,093 | +43.9% |
| Current portion of amounts payable after more than one year | 42 | €8,933 | €9,088 | +€155 | +1.7% |
| Trade debts | 44 | €6,040 | €4,512 | -€1,528 | -25.3% |
| Suppliers | 440/4 | €6,040 | €4,512 | -€1,528 | -25.3% |
| Taxes, remuneration and social security | 45 | €5,910 | €20,573 | +€14,663 | +248.1% |
| Taxes | 450/3 | €5,910 | €14,978 | +€9,068 | +153.4% |
| Remuneration and social security | 454/9 | - | €5,594 | +€5,594 | |
| Other amounts payable | 47/48 | €6,689 | €5,491 | -€1,198 | -17.9% |
| Remuneration, social security and pensions | 62 | - | €40,302 | +€40,302 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,023 | €20,165 | -€10,858 | -35.0% |
| Other operating charges | 640/8 | €1,233 | €944 | -€289 | -23.4% |
| Gross operating margin | 9900 | €117,613 | €137,194 | +€19,581 | +16.6% |
| Operating profit (loss) | 9901 | €85,357 | €75,783 | -€9,574 | -11.2% |
| Financial charges | 65/66B | €1,994 | €1,609 | -€385 | -19.3% |
| Recurring financial charges | 65 | €1,994 | €1,609 | -€385 | -19.3% |
| Profit (loss) for the period before taxes | 9903 | €83,363 | €74,174 | -€9,189 | -11.0% |
| Income taxes | 67/77 | €25,612 | €23,831 | -€1,781 | -7.0% |
| Profit (loss) for the period | 9904 | €57,751 | €50,343 | -€7,409 | -12.8% |
| Profit (loss) for the period to be appropriated | 9905 | €57,751 | €50,343 | -€7,409 | -12.8% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.