APPELTANS KENNETH: 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.
APPELTANS KENNETH
Largest movements
- Receivables within one year -€33,815
down €33,815 (-43.0%), from €78,622 to €44,807
of which Other amounts receivable: -€18,823
- Tangible fixed assets -€12,606
down €12,606 (-25.8%), from €48,804 to €36,199
- Cash +€3,190
up €3,190 (+116%), from €2,747 to €5,937
mainly Receivables within one year (+€33,815) and Depreciation (+€12,606)
- Profit (loss) carried forward -€15,725
no longer reported in 2024 (was €15,725)
- Advances received -€12,713
no longer reported in 2024 (was €12,713)
- Debts after one year -€12,034
down €12,034 (-29.9%), from €40,313 to €28,279
- Reserves +€6,496
new in 2024: €6,496
- Trade debts -€4,179
down €4,179 (-12.3%), from €33,846 to €29,666
- Gross operating margin -€16,237
down €16,237 (-41.2%), from €39,448 to €23,210
- Financial charges +€11,981
up €11,981 (+265%), from €4,513 to €16,494
of which Non-recurring financial charges: +€12,918
- Taxes -€3,305
down €3,305 (-66.5%), from €4,968 to €1,663
- Other operating charges +€2,049
up €2,049 (+260%), from €789 to €2,838
- Depreciation -€1,618
down €1,618 (-11.4%), from €14,224 to €12,606
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 | €130,173 | €87,660 | -€42,513 | -32.7% |
| Fixed assets | 21/28 | €48,804 | €36,199 | -€12,606 | -25.8% |
| Tangible fixed assets | 22/27 | €48,804 | €36,199 | -€12,606 | -25.8% |
| Leasing and similar rights | 25 | €48,804 | €36,199 | -€12,606 | -25.8% |
| Current assets | 29/58 | €81,369 | €51,462 | -€29,907 | -36.8% |
| Amounts receivable within one year | 40/41 | €78,622 | €44,807 | -€33,815 | -43.0% |
| Trade receivables | 40 | €50,002 | €35,010 | -€14,992 | -30.0% |
| Other amounts receivable | 41 | €28,620 | €9,797 | -€18,823 | -65.8% |
| Cash at bank and in hand | 54/58 | €2,747 | €5,937 | +€3,190 | +116% |
| Deferred charges and accrued income | 490/1 | - | €718 | +€718 | |
| Total equity and liabilities | 10/49 | €130,173 | €87,660 | -€42,513 | -32.7% |
| Equity | 10/15 | €20,725 | €11,496 | -€9,229 | -44.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | - | €6,496 | +€6,496 | |
| Distributable reserves | 133 | - | €6,496 | +€6,496 | |
| Profit (loss) carried forward | 14 | €15,725 | - | -€15,725 | |
| Amounts payable | 17/49 | €109,448 | €76,164 | -€33,284 | -30.4% |
| Amounts payable after more than one year | 17 | €40,313 | €28,279 | -€12,034 | -29.9% |
| Financial debts | 170/4 | €40,313 | €28,279 | -€12,034 | -29.9% |
| Amounts payable within one year | 42/48 | €69,135 | €47,886 | -€21,249 | -30.7% |
| Current portion of amounts payable after more than one year | 42 | €11,858 | €11,588 | -€270 | -2.3% |
| Trade debts | 44 | €33,846 | €29,666 | -€4,179 | -12.3% |
| Suppliers | 440/4 | €33,846 | €29,666 | -€4,179 | -12.3% |
| Advances received on contracts in progress | 46 | €12,713 | - | -€12,713 | |
| Taxes, remuneration and social security | 45 | €10,719 | €6,632 | -€4,087 | -38.1% |
| Taxes | 450/3 | €8,671 | €6,632 | -€2,040 | -23.5% |
| Remuneration and social security | 454/9 | €2,048 | - | -€2,048 | |
| Non-recurring operating income | 76A | €1,700 | - | -€1,700 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,224 | €12,606 | -€1,618 | -11.4% |
| Other operating charges | 640/8 | €789 | €2,838 | +€2,049 | +260% |
| Gross operating margin | 9900 | €39,448 | €23,210 | -€16,237 | -41.2% |
| Operating profit (loss) | 9901 | €24,435 | €7,767 | -€16,668 | -68.2% |
| Financial income | 75/76B | €771 | €1,161 | +€390 | +50.6% |
| Recurring financial income | 75 | €771 | €1,161 | +€390 | +50.6% |
| Financial charges | 65/66B | €4,513 | €16,494 | +€11,981 | +265% |
| Recurring financial charges | 65 | €4,513 | €3,576 | -€937 | -20.8% |
| Non-recurring financial charges | 66B | - | €12,918 | +€12,918 | |
| Profit (loss) for the period before taxes | 9903 | €20,693 | -€7,566 | -€28,259 | |
| Income taxes | 67/77 | €4,968 | €1,663 | -€3,305 | -66.5% |
| Profit (loss) for the period | 9904 | €15,725 | -€9,229 | -€24,954 | |
| Profit (loss) for the period to be appropriated | 9905 | €15,725 | -€9,229 | -€24,954 |
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 18 October 2026 via checked.be.