ALLEN KEAPLER: 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.
ALLEN KEAPLER
Largest movements
- Cash -€38,204
down €38,204 (-56.2%), from €67,993 to €29,788
mainly Net result for the year (-€128,803) and Receivables within one year (-€34,430)
- Receivables within one year +€34,430
up €34,430 (+42.5%), from €80,974 to €115,404
of which Trade receivables: +€22,564
- Tangible fixed assets -€18,691
down €18,691 (-20.8%), from €90,057 to €71,367
of which Land and buildings: -€9,575
- Profit (loss) carried forward -€128,803
down €128,803, from €126,356 to -€2,447
- Trade debts +€93,417
up €93,417 (+1,441%), from €6,483 to €99,900
- Tax, wage and social debts +€8,093
up €8,093 (+19.1%), from €42,298 to €50,391
of which Taxes: +€13,587
- Accrued charges and deferred income +€5,095
new in 2024: €5,095
- Staff costs -€202,286
down €202,286 (-65.0%), from €311,443 to €109,158
- Gross operating margin -€187,331
down €187,331 (-83.6%), from €224,040 to €36,709
- Financial charges +€20,241
up €20,241 (+1,010%), from €2,005 to €22,246
of which Non-recurring financial charges: +€20,000
- Other operating charges -€6,289
down €6,289 (-27.2%), from €23,080 to €16,791
- Taxes -€5,320
down €5,320, from €2,494 to -€2,826
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.
Derived cash bridge
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 | €243,481 | €221,588 | -€21,893 | -9.0% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €90,506 | €71,730 | -€18,777 | -20.7% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €90,057 | €71,367 | -€18,691 | -20.8% |
| Land and buildings | 22 | €49,798 | €40,222 | -€9,575 | -19.2% |
| Plant, machinery and equipment | 23 | €33,570 | €28,149 | -€5,421 | -16.1% |
| Furniture and vehicles | 24 | €6,689 | €2,995 | -€3,694 | -55.2% |
| Financial fixed assets | 28 | €449 | €363 | -€86 | -19.2% |
| Current assets | 29/58 | €152,975 | €149,858 | -€3,117 | -2.0% |
| Amounts receivable within one year | 40/41 | €80,974 | €115,404 | +€34,430 | +42.5% |
| Trade receivables | 40 | €40,681 | €63,245 | +€22,564 | +55.5% |
| Other amounts receivable | 41 | €40,294 | €52,159 | +€11,865 | +29.4% |
| Cash at bank and in hand | 54/58 | €67,993 | €29,788 | -€38,204 | -56.2% |
| Deferred charges and accrued income | 490/1 | €4,008 | €4,666 | +€658 | +16.4% |
| Total equity and liabilities | 10/49 | €243,481 | €221,588 | -€21,893 | -9.0% |
| Equity | 10/15 | €194,416 | €65,613 | -€128,803 | -66.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €61,860 | €61,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €61,860 | €61,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €126,356 | -€2,447 | -€128,803 | |
| Amounts payable | 17/49 | €49,065 | €155,975 | +€106,910 | +218% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €49,065 | €150,879 | +€101,815 | +208% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €6,483 | €99,900 | +€93,417 | +1,441% |
| Suppliers | 440/4 | €6,483 | €99,900 | +€93,417 | +1,441% |
| Taxes, remuneration and social security | 45 | €42,298 | €50,391 | +€8,093 | +19.1% |
| Taxes | 450/3 | €17,943 | €31,530 | +€13,587 | +75.7% |
| Remuneration and social security | 454/9 | €24,355 | €18,861 | -€5,494 | -22.6% |
| Other amounts payable | 47/48 | €283 | €588 | +€305 | +108% |
| Accrued charges and deferred income | 492/3 | - | €5,095 | +€5,095 | |
| Remuneration, social security and pensions | 62 | €311,443 | €109,158 | -€202,286 | -65.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,104 | €20,180 | -€1,924 | -8.7% |
| Other operating charges | 640/8 | €23,080 | €16,791 | -€6,289 | -27.2% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €224,040 | €36,709 | -€187,331 | -83.6% |
| Operating profit (loss) | 9901 | -€132,587 | -€109,420 | +€23,167 | +17.5% |
| Financial income | 75/76B | €22 | €36 | +€14 | +63.3% |
| Recurring financial income | 75 | €22 | €36 | +€14 | +63.3% |
| Financial charges | 65/66B | €2,005 | €22,246 | +€20,241 | +1,010% |
| Recurring financial charges | 65 | €2,005 | €2,246 | +€241 | +12.0% |
| Non-recurring financial charges | 66B | - | €20,000 | +€20,000 | |
| Profit (loss) for the period before taxes | 9903 | -€134,569 | -€131,629 | +€2,940 | +2.2% |
| Income taxes | 67/77 | €2,494 | -€2,826 | -€5,320 | |
| Profit (loss) for the period | 9904 | -€137,063 | -€128,803 | +€8,260 | +6.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€137,063 | -€128,803 | +€8,260 | +6.0% |
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 17 October 2026 via checked.be.