K & ER: 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 & ER
Largest movements
- Cash +€2,757
up €2,757 (+8.0%), from €34,343 to €37,100
mainly Net result for the year (+€6,550) and Trade debts (+€111)
- Receivables within one year +€2,075
up €2,075 (+133.8%), from €1,551 to €3,626
- Stocks and contracts +€1,829
up €1,829 (+34.2%), from €5,352 to €7,180
- Profit (loss) carried forward +€6,550
up €6,550 (+24.6%), from €26,678 to €33,227
- Gross operating margin +€3,725
up €3,725 (+45.0%), from €8,278 to €12,003
- Other operating charges -€1,941
down €1,941 (-26.8%), from €7,244 to €5,303
- Financial charges -€243
down €243 (-61.4%), from €397 to €153
of which Financial charges: -€194
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 | €46,495 | €53,156 | +€6,660 | +14.3% |
| Fixed assets | 21/28 | €5,250 | €5,250 | = | 0.0% |
| Financial fixed assets | 28 | €5,250 | €5,250 | = | 0.0% |
| Current assets | 29/58 | €41,245 | €47,906 | +€6,660 | +16.1% |
| Stocks and contracts in progress | 3 | €5,352 | €7,180 | +€1,829 | +34.2% |
| Stocks | 30/36 | €5,352 | €7,180 | +€1,829 | +34.2% |
| Amounts receivable within one year | 40/41 | €1,551 | €3,626 | +€2,075 | +133.8% |
| Other amounts receivable | 41 | €1,551 | €3,626 | +€2,075 | +133.8% |
| Cash at bank and in hand | 54/58 | €34,343 | €37,100 | +€2,757 | +8.0% |
| Total equity and liabilities | 10/49 | €46,495 | €53,156 | +€6,660 | +14.3% |
| Equity | 10/15 | €45,278 | €51,827 | +€6,550 | +14.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Outside capital | 11 | €18,600 | - | -€18,600 | |
| Share premium | 1100/10 | €18,600 | - | -€18,600 | |
| Profit (loss) carried forward | 14 | €26,678 | €33,227 | +€6,550 | +24.6% |
| Amounts payable | 17/49 | €1,218 | €1,329 | +€111 | +9.1% |
| Amounts payable within one year | 42/48 | €1,218 | €1,329 | +€111 | +9.1% |
| Trade debts | 44 | €1,218 | €1,329 | +€111 | +9.1% |
| Suppliers | 440/4 | €1,218 | €1,329 | +€111 | +9.1% |
| Other operating charges | 640/8 | €7,244 | €5,303 | -€1,941 | -26.8% |
| Gross operating margin | 9900 | €8,278 | €12,003 | +€3,725 | +45.0% |
| Operating profit (loss) | 9901 | €1,034 | €6,701 | +€5,667 | +547.9% |
| Financial income | 75/76B | - | €2 | +€2 | |
| Recurring financial income | 75 | - | €2 | +€2 | |
| Non-recurring financial income | 76B | - | €2 | +€2 | |
| Financial charges | 65/66B | €397 | €153 | -€243 | -61.4% |
| Recurring financial charges | 65 | €348 | €153 | -€194 | -55.9% |
| Non-recurring financial charges | 66B | €49 | - | -€49 | |
| Profit (loss) for the period before taxes | 9903 | €637 | €6,550 | +€5,912 | +927.4% |
| Profit (loss) for the period | 9904 | €637 | €6,550 | +€5,912 | +927.4% |
| Profit (loss) for the period to be appropriated | 9905 | €637 | €6,550 | +€5,912 | +927.4% |
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.