K-CONCEPT: 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.
K-CONCEPT
Largest movements
- Receivables within one year -€39,010
down €39,010 (-96.6%), from €40,400 to €1,390
of which Trade receivables: -€39,460
- Accrued charges and deferred income -€65,106
down €65,106 (-100%), from €65,106 to €0
- Trade debts +€60,756
up €60,756 (+887%), from €6,850 to €67,607
- Other debts -€25,689
down €25,689 (-5.5%), from €465,005 to €439,316
- Tax, wage and social debts -€17,857
down €17,857 (-60.3%), from €29,600 to €11,743
- Profit (loss) carried forward +€9,001
up €9,001 (+5.2%), from €172,597 to €181,598
- Gross operating margin -€39,074
down €39,074 (-53.8%), from €72,603 to €33,529
- Financial income -€10,673
down €10,673 (-100%), from €10,673 to €0
- Taxes +€5,591
up €5,591, from -€3,022 to €2,569
- Financial charges +€4,349
up €4,349 (+1,948%), from €223 to €4,572
- Other operating charges -€865
down €865 (-69.1%), from €1,252 to €387
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 | €840,450 | €801,440 | -€39,010 | -4.6% |
| Fixed assets | 21/28 | €800,050 | €800,050 | = | 0.0% |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Furniture and vehicles | 24 | €0 | - | = | |
| Financial fixed assets | 28 | €800,050 | €800,050 | = | 0.0% |
| Current assets | 29/58 | €40,400 | €1,390 | -€39,010 | -96.6% |
| Amounts receivable within one year | 40/41 | €40,400 | €1,390 | -€39,010 | -96.6% |
| Trade receivables | 40 | €40,400 | €940 | -€39,460 | -97.7% |
| Other amounts receivable | 41 | €0 | €450 | +€450 | |
| Cash at bank and in hand | 54/58 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €840,450 | €801,440 | -€39,010 | -4.6% |
| Equity | 10/15 | €193,497 | €202,498 | +€9,001 | +4.7% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €1,900 | €1,900 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €1,900 | €1,900 | = | 0.0% |
| Profit (loss) carried forward | 14 | €172,597 | €181,598 | +€9,001 | +5.2% |
| Amounts payable | 17/49 | €646,953 | €598,942 | -€48,012 | -7.4% |
| Amounts payable after more than one year | 17 | €80,000 | €80,000 | = | 0.0% |
| Other amounts payable | 178/9 | €80,000 | €80,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €501,847 | €518,942 | +€17,095 | +3.4% |
| Financial debts | 43 | €392 | €276 | -€116 | -29.6% |
| Credit institutions | 430/8 | €392 | €276 | -€116 | -29.6% |
| Trade debts | 44 | €6,850 | €67,607 | +€60,756 | +887% |
| Suppliers | 440/4 | €6,850 | €67,607 | +€60,756 | +887% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €29,600 | €11,743 | -€17,857 | -60.3% |
| Taxes | 450/3 | €29,600 | €11,743 | -€17,857 | -60.3% |
| Other amounts payable | 47/48 | €465,005 | €439,316 | -€25,689 | -5.5% |
| Accrued charges and deferred income | 492/3 | €65,106 | €0 | -€65,106 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €550 | €0 | -€550 | -100% |
| Other operating charges | 640/8 | €1,252 | €387 | -€865 | -69.1% |
| Non-recurring operating charges | 66A | €65,106 | €0 | -€65,106 | -100% |
| Gross operating margin | 9900 | €72,603 | €33,529 | -€39,074 | -53.8% |
| Operating profit (loss) | 9901 | €5,694 | €33,142 | +€27,447 | +482% |
| Financial income | 75/76B | €10,673 | €0 | -€10,673 | -100% |
| Recurring financial income | 75 | €10,673 | €0 | -€10,673 | -100% |
| Financial charges | 65/66B | €223 | €4,572 | +€4,349 | +1,948% |
| Recurring financial charges | 65 | €223 | €4,572 | +€4,349 | +1,948% |
| Profit (loss) for the period before taxes | 9903 | €16,144 | €28,570 | +€12,426 | +77.0% |
| Income taxes | 67/77 | -€3,022 | €2,569 | +€5,591 | |
| Profit (loss) for the period | 9904 | €19,166 | €26,001 | +€6,835 | +35.7% |
| Profit (loss) for the period to be appropriated | 9905 | €19,166 | €26,001 | +€6,835 | +35.7% |
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 14 October 2026 via checked.be.