KS TECHNICAL PROJECTS: 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.
KS TECHNICAL PROJECTS
Largest movements
- Tangible fixed assets +€45,248
up €45,248 (+12.8%), from €352,187 to €397,435
of which Furniture and vehicles: +€49,755
- Cash +€20,233
up €20,233 (+99.2%), from €20,389 to €40,622
mainly Net result for the year (+€43,017) and Depreciation (+€16,620)
- Receivables within one year +€8,846
up €8,846 (+31.7%), from €27,931 to €36,777
of which Trade receivables: +€18,153
- Deferred charges and accrued income +€6,389
up €6,389 (+159%), from €4,011 to €10,400
- Reserves +€43,017
up €43,017 (+68.6%), from €62,747 to €105,763
of which Distributable reserves: +€43,017
- Tax, wage and social debts +€16,350
up €16,350 (+173%), from €9,429 to €25,779
- Other debts +€10,539
up €10,539 (+73.2%), from €14,393 to €24,933
- Current portion of long-term debt +€7,360
up €7,360 (+28.1%), from €26,214 to €33,574
- Gross operating margin +€59,710
up €59,710 (+177%), from €33,711 to €93,421
- Taxes +€15,460
up €15,460 (+692%), from €2,234 to €17,694
- Financial charges +€3,439
up €3,439 (+42.4%), from €8,114 to €11,553
- Other operating charges +€2,644
up €2,644 (+135%), from €1,964 to €4,608
- Depreciation -€1,704
down €1,704 (-9.3%), from €18,325 to €16,620
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.
Derived cash bridge
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 | €410,935 | €493,234 | +€82,299 | +20.0% |
| Fixed assets | 21/28 | €356,355 | €400,186 | +€43,831 | +12.3% |
| Intangible fixed assets | 21 | €3,418 | €2,001 | -€1,417 | -41.4% |
| Tangible fixed assets | 22/27 | €352,187 | €397,435 | +€45,248 | +12.8% |
| Land and buildings | 22 | €295,425 | €287,796 | -€7,630 | -2.6% |
| Plant, machinery and equipment | 23 | €1,322 | €4,444 | +€3,122 | +236% |
| Furniture and vehicles | 24 | €55,440 | €105,195 | +€49,755 | +89.7% |
| Financial fixed assets | 28 | €750 | €750 | = | 0.0% |
| Current assets | 29/58 | €54,580 | €93,048 | +€38,468 | +70.5% |
| Amounts receivable within one year | 40/41 | €27,931 | €36,777 | +€8,846 | +31.7% |
| Trade receivables | 40 | €18,623 | €36,777 | +€18,153 | +97.5% |
| Other amounts receivable | 41 | €9,308 | - | -€9,308 | |
| Current investments | 50/53 | €2,250 | €5,250 | +€3,000 | +133% |
| Cash at bank and in hand | 54/58 | €20,389 | €40,622 | +€20,233 | +99.2% |
| Deferred charges and accrued income | 490/1 | €4,011 | €10,400 | +€6,389 | +159% |
| Total equity and liabilities | 10/49 | €410,935 | €493,234 | +€82,299 | +20.0% |
| Equity | 10/15 | €68,947 | €111,963 | +€43,017 | +62.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €62,747 | €105,763 | +€43,017 | +68.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €60,887 | €103,903 | +€43,017 | +70.7% |
| Amounts payable | 17/49 | €341,988 | €381,271 | +€39,282 | +11.5% |
| Amounts payable after more than one year | 17 | €289,006 | €290,973 | +€1,967 | +0.7% |
| Financial debts | 170/4 | €247,006 | €248,973 | +€1,967 | +0.8% |
| Other amounts payable | 178/9 | €42,000 | €42,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €52,982 | €90,298 | +€37,316 | +70.4% |
| Current portion of amounts payable after more than one year | 42 | €26,214 | €33,574 | +€7,360 | +28.1% |
| Trade debts | 44 | €2,946 | €6,013 | +€3,067 | +104% |
| Suppliers | 440/4 | €2,946 | €6,013 | +€3,067 | +104% |
| Taxes, remuneration and social security | 45 | €9,429 | €25,779 | +€16,350 | +173% |
| Taxes | 450/3 | €9,429 | €25,779 | +€16,350 | +173% |
| Other amounts payable | 47/48 | €14,393 | €24,933 | +€10,539 | +73.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,325 | €16,620 | -€1,704 | -9.3% |
| Other operating charges | 640/8 | €1,964 | €4,608 | +€2,644 | +135% |
| Gross operating margin | 9900 | €33,711 | €93,421 | +€59,710 | +177% |
| Operating profit (loss) | 9901 | €13,423 | €72,193 | +€58,770 | +438% |
| Financial income | 75/76B | €24 | €70 | +€46 | +192% |
| Recurring financial income | 75 | €24 | €70 | +€46 | +192% |
| Financial charges | 65/66B | €8,114 | €11,553 | +€3,439 | +42.4% |
| Recurring financial charges | 65 | €8,114 | €11,553 | +€3,439 | +42.4% |
| Profit (loss) for the period before taxes | 9903 | €5,333 | €60,710 | +€55,377 | +1,038% |
| Income taxes | 67/77 | €2,234 | €17,694 | +€15,460 | +692% |
| Profit (loss) for the period | 9904 | €3,099 | €43,017 | +€39,917 | +1,288% |
| Profit (loss) for the period to be appropriated | 9905 | €3,099 | €43,017 | +€39,917 | +1,288% |
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 20 October 2026 via checked.be.