K Development: what changed
Two fiscal 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 Development
Largest movements
- Receivables within one year +€716,708
up €716,708 (+861.4%), from €83,207 to €799,915
of which Other amounts receivable: +€645,500
- Cash -€399,811
down €399,811 (-91.7%), from €435,831 to €36,020
mainly Receivables within one year (-€716,708) and Debts after one year (-€253,810)
- Stocks and contracts +€161,210
new in 2024: €161,210
- Tangible fixed assets -€77,182
down €77,182 (-5.4%), from €1.4m to €1.4m
of which Plant, machinery and equipment: -€86,698
- Short-term financial debts +€490,000
new in 2024: €490,000
- Current portion of long-term debt +€267,275
up €267,275 (+243.8%), from €109,627 to €376,902
- Debts after one year -€253,810
down €253,810 (-14.6%), from €1.7m to €1.5m
of which Financial debts: -€256,770
- Trade debts -€63,143
down €63,143 (-69.1%), from €91,413 to €28,270
- Purchases and services +€209,281
up €209,281 (+20.7%), from €1.0m to €1.2m
- Turnover +€138,045
up €138,045 (+10.9%), from €1.3m to €1.4m
- Gross operating margin -€71,236
down €71,236 (-28.5%), from €249,972 to €178,736
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 | €2,258,073 | €2,657,778 | +€399,705 | +17.7% |
| Fixed assets | 21/28 | €1,736,108 | €1,658,926 | -€77,182 | -4.4% |
| Tangible fixed assets | 22/27 | €1,442,487 | €1,365,305 | -€77,182 | -5.4% |
| Land and buildings | 22 | €243,715 | €226,577 | -€17,138 | -7.0% |
| Plant, machinery and equipment | 23 | €1,196,489 | €1,109,791 | -€86,698 | -7.2% |
| Furniture and vehicles | 24 | €2,283 | €28,937 | +€26,654 | +1167.5% |
| Financial fixed assets | 28 | €293,621 | €293,621 | = | 0.0% |
| Current assets | 29/58 | €521,965 | €998,852 | +€476,887 | +91.4% |
| Stocks and contracts in progress | 3 | - | €161,210 | +€161,210 | |
| Stocks | 30/36 | - | €161,210 | +€161,210 | |
| Amounts receivable within one year | 40/41 | €83,207 | €799,915 | +€716,708 | +861.4% |
| Trade receivables | 40 | €1,348 | €72,556 | +€71,208 | +5282.5% |
| Other amounts receivable | 41 | €81,859 | €727,359 | +€645,500 | +788.6% |
| Cash at bank and in hand | 54/58 | €435,831 | €36,020 | -€399,811 | -91.7% |
| Deferred charges and accrued income | 490/1 | €2,927 | €1,707 | -€1,220 | -41.7% |
| Total equity and liabilities | 10/49 | €2,258,073 | €2,657,778 | +€399,705 | +17.7% |
| Equity | 10/15 | €50,926 | €39,695 | -€11,231 | -22.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €901 | €901 | = | 0.0% |
| Non-distributable reserves | 130/1 | €901 | €901 | = | 0.0% |
| Reserves not available under the articles | 1311 | €901 | €901 | = | 0.0% |
| Profit (loss) carried forward | 14 | €31,425 | €20,194 | -€11,231 | -35.7% |
| Amounts payable | 17/49 | €2,207,147 | €2,618,083 | +€410,936 | +18.6% |
| Amounts payable after more than one year | 17 | €1,735,155 | €1,481,345 | -€253,810 | -14.6% |
| Financial debts | 170/4 | €1,703,065 | €1,446,295 | -€256,770 | -15.1% |
| Other amounts payable | 178/9 | €32,090 | €35,050 | +€2,960 | +9.2% |
| Amounts payable within one year | 42/48 | €439,532 | €1,102,428 | +€662,896 | +150.8% |
| Current portion of amounts payable after more than one year | 42 | €109,627 | €376,902 | +€267,275 | +243.8% |
| Financial debts | 43 | - | €490,000 | +€490,000 | |
| Credit institutions | 430/8 | - | €490,000 | +€490,000 | |
| Trade debts | 44 | €91,413 | €28,270 | -€63,143 | -69.1% |
| Suppliers | 440/4 | €91,413 | €28,270 | -€63,143 | -69.1% |
| Taxes, remuneration and social security | 45 | €35,372 | €15,996 | -€19,376 | -54.8% |
| Taxes | 450/3 | €35,372 | €14,259 | -€21,113 | -59.7% |
| Remuneration and social security | 454/9 | - | €1,737 | +€1,737 | |
| Other amounts payable | 47/48 | €203,120 | €191,260 | -€11,860 | -5.8% |
| Accrued charges and deferred income | 492/3 | €32,460 | €34,310 | +€1,850 | +5.7% |
| Turnover | 70 | €1,261,868 | €1,399,913 | +€138,045 | +10.9% |
| Goods, raw materials, services and sundry goods | 60/61 | €1,011,896 | €1,221,177 | +€209,281 | +20.7% |
| Remuneration, social security and pensions | 62 | €1,741 | €1,748 | +€7 | +0.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €104,753 | €107,731 | +€2,978 | +2.8% |
| Other operating charges | 640/8 | €12,460 | €13,364 | +€904 | +7.3% |
| Gross operating margin | 9900 | €249,972 | €178,736 | -€71,236 | -28.5% |
| Operating profit (loss) | 9901 | €131,018 | €55,893 | -€75,125 | -57.3% |
| Financial income | 75/76B | €16 | - | -€16 | |
| Recurring financial income | 75 | €16 | - | -€16 | |
| Financial charges | 65/66B | €76,233 | €67,121 | -€9,112 | -12.0% |
| Recurring financial charges | 65 | €76,233 | €67,121 | -€9,112 | -12.0% |
| Profit (loss) for the period before taxes | 9903 | €54,801 | -€11,228 | -€66,029 | |
| Income taxes | 67/77 | €6,160 | €3 | -€6,157 | -100.0% |
| Profit (loss) for the period | 9904 | €48,641 | -€11,231 | -€59,872 | |
| Profit (loss) for the period to be appropriated | 9905 | €48,641 | -€11,231 | -€59,872 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.