11 KVL: 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.
11 KVL
Largest movements
- Cash +€21,819
up €21,819 (+14.3%), from €153,011 to €174,830
mainly Net result for the year (+€16,013) and Depreciation (+€5,503)
- Tangible fixed assets -€5,503
down €5,503 (-2.7%), from €201,739 to €196,236
- Profit (loss) carried forward +€16,013
up €16,013 (+5.8%), from -€273,811 to -€257,798
- Depreciation -€20,722
down €20,722 (-79.0%), from €26,225 to €5,503
- Gross operating margin +€15,886
up €15,886 (+165.9%), from €9,577 to €25,463
- Turnover +€12,397
up €12,397 (+57.4%), from €21,603 to €34,000
- Purchases and services -€3,489
down €3,489 (-29.0%), from €12,026 to €8,537
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 | €356,462 | €372,816 | +€16,354 | +4.6% |
| Fixed assets | 21/28 | €201,739 | €196,236 | -€5,503 | -2.7% |
| Tangible fixed assets | 22/27 | €201,739 | €196,236 | -€5,503 | -2.7% |
| Land and buildings | 22 | €201,739 | €196,236 | -€5,503 | -2.7% |
| Current assets | 29/58 | €154,723 | €176,579 | +€21,856 | +14.1% |
| Amounts receivable within one year | 40/41 | €600 | €600 | = | 0.0% |
| Trade receivables | 40 | €600 | €600 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €153,011 | €174,830 | +€21,819 | +14.3% |
| Deferred charges and accrued income | 490/1 | €1,113 | €1,150 | +€37 | +3.3% |
| Total equity and liabilities | 10/49 | €356,462 | €372,816 | +€16,354 | +4.6% |
| Equity | 10/15 | €76,189 | €92,202 | +€16,013 | +21.0% |
| Contributions | 10/11 | €350,000 | €350,000 | = | 0.0% |
| Capital | 10 | €350,000 | €350,000 | = | 0.0% |
| Issued capital | 100 | €350,000 | €350,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€273,811 | -€257,798 | +€16,013 | +5.8% |
| Amounts payable | 17/49 | €280,273 | €280,613 | +€341 | +0.1% |
| Amounts payable within one year | 42/48 | €280,273 | €280,613 | +€341 | +0.1% |
| Trade debts | 44 | €1,625 | €1,965 | +€341 | +21.0% |
| Suppliers | 440/4 | €1,625 | €1,965 | +€341 | +21.0% |
| Other amounts payable | 47/48 | €278,648 | €278,648 | = | 0.0% |
| Turnover | 70 | €21,603 | €34,000 | +€12,397 | +57.4% |
| Goods, raw materials, services and sundry goods | 60/61 | €12,026 | €8,537 | -€3,489 | -29.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,225 | €5,503 | -€20,722 | -79.0% |
| Other operating charges | 640/8 | €4,172 | €3,919 | -€254 | -6.1% |
| Gross operating margin | 9900 | €9,577 | €25,463 | +€15,886 | +165.9% |
| Operating profit (loss) | 9901 | -€20,820 | €16,041 | +€36,862 | |
| Financial charges | 65/66B | €24 | €29 | +€5 | +18.8% |
| Recurring financial charges | 65 | €24 | €29 | +€5 | +18.8% |
| Profit (loss) for the period before taxes | 9903 | -€20,844 | €16,013 | +€36,857 | |
| Profit (loss) for the period | 9904 | -€20,844 | €16,013 | +€36,857 | |
| Profit (loss) for the period to be appropriated | 9905 | -€20,844 | €16,013 | +€36,857 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.