K & K: 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 & K
Largest movements
- Financial fixed assets -€318,051
down €318,051 (-100.0%), from €318,051 to €0
- Receivables after one year +€215,194
new in 2024: €215,194
- Receivables within one year +€108,424
up €108,424 (+23.6%), from €459,686 to €568,110
of which Trade receivables: +€116,329
- Cash -€11,892
down €11,892 (-99.9%), from €11,906 to €13
mainly Receivables after one year (-€215,194) and Receivables within one year (-€108,424)
- Trade debts -€60,178
down €60,178 (-20.5%), from €294,081 to €233,904
- Reserves +€43,694
up €43,694 (+30.8%), from €141,841 to €185,535
of which Distributable reserves: +€43,694
- Gross operating margin -€34,815
down €34,815 (-22.1%), from €157,505 to €122,690
- Staff costs -€33,780
down €33,780 (-40.5%), from €83,505 to €49,725
- Other operating charges +€14,275
up €14,275 (+4183.5%), from €341 to €14,616
- Taxes -€8,552
down €8,552 (-32.5%), from €26,333 to €17,781
- Financial income -€2,949
down €2,949 (-25.9%), from €11,397 to €8,449
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 | €809,818 | €797,333 | -€12,485 | -1.5% |
| Fixed assets | 21/28 | €328,496 | €5,425 | -€323,072 | -98.3% |
| Tangible fixed assets | 22/27 | €10,445 | €5,425 | -€5,021 | -48.1% |
| Furniture and vehicles | 24 | €10,445 | €5,425 | -€5,021 | -48.1% |
| Financial fixed assets | 28 | €318,051 | €0 | -€318,051 | -100.0% |
| Current assets | 29/58 | €481,322 | €791,909 | +€310,587 | +64.5% |
| Amounts receivable after more than one year | 29 | - | €215,194 | +€215,194 | |
| Other amounts receivable | 291 | - | €215,194 | +€215,194 | |
| Stocks and contracts in progress | 3 | €9,730 | €6,999 | -€2,731 | -28.1% |
| Stocks | 30/36 | €9,730 | €6,999 | -€2,731 | -28.1% |
| Amounts receivable within one year | 40/41 | €459,686 | €568,110 | +€108,424 | +23.6% |
| Trade receivables | 40 | €439,561 | €555,890 | +€116,329 | +26.5% |
| Other amounts receivable | 41 | €20,125 | €12,220 | -€7,905 | -39.3% |
| Cash at bank and in hand | 54/58 | €11,906 | €13 | -€11,892 | -99.9% |
| Deferred charges and accrued income | 490/1 | - | €1,592 | +€1,592 | |
| Total equity and liabilities | 10/49 | €809,818 | €797,333 | -€12,485 | -1.5% |
| Equity | 10/15 | €148,041 | €191,735 | +€43,694 | +29.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €141,841 | €185,535 | +€43,694 | +30.8% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €139,981 | €183,675 | +€43,694 | +31.2% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €661,778 | €605,599 | -€56,179 | -8.5% |
| Amounts payable within one year | 42/48 | €661,778 | €605,599 | -€56,179 | -8.5% |
| Trade debts | 44 | €294,081 | €233,904 | -€60,178 | -20.5% |
| Suppliers | 440/4 | €294,081 | €233,904 | -€60,178 | -20.5% |
| Taxes, remuneration and social security | 45 | €78,482 | €83,288 | +€4,806 | +6.1% |
| Taxes | 450/3 | €66,497 | €83,288 | +€16,792 | +25.3% |
| Remuneration and social security | 454/9 | €11,986 | - | -€11,986 | |
| Other amounts payable | 47/48 | €289,214 | €288,407 | -€807 | -0.3% |
| Remuneration, social security and pensions | 62 | €83,505 | €49,725 | -€33,780 | -40.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,725 | €2,750 | -€975 | -26.2% |
| Other operating charges | 640/8 | €341 | €14,616 | +€14,275 | +4183.5% |
| Gross operating margin | 9900 | €157,505 | €122,690 | -€34,815 | -22.1% |
| Operating profit (loss) | 9901 | €69,934 | €55,599 | -€14,335 | -20.5% |
| Financial income | 75/76B | €11,397 | €8,449 | -€2,949 | -25.9% |
| Recurring financial income | 75 | €11,397 | €8,449 | -€2,949 | -25.9% |
| Financial charges | 65/66B | €4,748 | €2,573 | -€2,175 | -45.8% |
| Recurring financial charges | 65 | €4,748 | €2,573 | -€2,175 | -45.8% |
| Profit (loss) for the period before taxes | 9903 | €76,584 | €61,475 | -€15,109 | -19.7% |
| Income taxes | 67/77 | €26,333 | €17,781 | -€8,552 | -32.5% |
| Profit (loss) for the period | 9904 | €50,251 | €43,694 | -€6,557 | -13.0% |
| Profit (loss) for the period to be appropriated | 9905 | €50,251 | €43,694 | -€6,557 | -13.0% |
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 6 October 2026 via checked.be.