K-LITHERM: 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-LITHERM
Largest movements
- Cash -€31,683
down €31,683 (-99.9%), from €31,722 to €40
mainly Net result for the year (-€30,261) and Receivables within one year (-€23,905)
- Receivables within one year +€23,905
up €23,905 (+36.1%), from €66,278 to €90,183
of which Trade receivables: +€16,789
- Profit (loss) carried forward -€30,261
down €30,261 (-91.5%), from €33,071 to €2,810
- Debts after one year +€14,500
up €14,500 (+223%), from €6,500 to €21,000
- Trade debts +€9,599
up €9,599 (+304%), from €3,157 to €12,755
- Advances received -€2,666
down €2,666 (-55.4%), from €4,812 to €2,147
- Tax, wage and social debts +€1,150
up €1,150 (+132%), from €874 to €2,025
- Gross operating margin -€49,091
down €49,091 (-81.9%), from €59,969 to €10,878
- Turnover -€42,283
down €42,283 (-33.1%), from €127,672 to €85,389
- Staff costs +€20,546
up €20,546 (+103%), from €19,980 to €40,526
- Purchases and services +€6,808
up €6,808 (+10.1%), from €67,702 to €74,510
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 | €102,205 | €93,814 | -€8,391 | -8.2% |
| Fixed assets | 21/28 | €3,997 | €3,385 | -€613 | -15.3% |
| Tangible fixed assets | 22/27 | €3,997 | €3,385 | -€613 | -15.3% |
| Land and buildings | 22 | €3,098 | €2,926 | -€172 | -5.6% |
| Plant, machinery and equipment | 23 | €657 | €247 | -€411 | -62.4% |
| Furniture and vehicles | 24 | €242 | €212 | -€30 | -12.5% |
| Current assets | 29/58 | €98,208 | €90,430 | -€7,778 | -7.9% |
| Stocks and contracts in progress | 3 | €200 | €200 | = | 0.0% |
| Stocks | 30/36 | €200 | €200 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €66,278 | €90,183 | +€23,905 | +36.1% |
| Trade receivables | 40 | €60,096 | €76,885 | +€16,789 | +27.9% |
| Other amounts receivable | 41 | €6,182 | €13,298 | +€7,115 | +115% |
| Cash at bank and in hand | 54/58 | €31,722 | €40 | -€31,683 | -99.9% |
| Deferred charges and accrued income | 490/1 | €7 | €7 | = | 0.0% |
| Total equity and liabilities | 10/49 | €102,205 | €93,814 | -€8,391 | -8.2% |
| Equity | 10/15 | €52,571 | €22,310 | -€30,261 | -57.6% |
| Contributions | 10/11 | €19,500 | €19,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €33,071 | €2,810 | -€30,261 | -91.5% |
| Amounts payable | 17/49 | €49,634 | €71,504 | +€21,870 | +44.1% |
| Amounts payable after more than one year | 17 | €6,500 | €21,000 | +€14,500 | +223% |
| Advances received on contracts in progress | 176 | €6,500 | €21,000 | +€14,500 | +223% |
| Amounts payable within one year | 42/48 | €43,059 | €50,429 | +€7,370 | +17.1% |
| Trade debts | 44 | €3,157 | €12,755 | +€9,599 | +304% |
| Suppliers | 440/4 | €3,157 | €12,755 | +€9,599 | +304% |
| Advances received on contracts in progress | 46 | €4,812 | €2,147 | -€2,666 | -55.4% |
| Taxes, remuneration and social security | 45 | €874 | €2,025 | +€1,150 | +132% |
| Remuneration and social security | 454/9 | €874 | €2,025 | +€1,150 | +132% |
| Other amounts payable | 47/48 | €34,216 | €33,503 | -€713 | -2.1% |
| Accrued charges and deferred income | 492/3 | €75 | €75 | = | 0.0% |
| Turnover | 70 | €127,672 | €85,389 | -€42,283 | -33.1% |
| Goods, raw materials, services and sundry goods | 60/61 | €67,702 | €74,510 | +€6,808 | +10.1% |
| Remuneration, social security and pensions | 62 | €19,980 | €40,526 | +€20,546 | +103% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,278 | €613 | -€665 | -52.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €570 | - | -€570 | |
| Gross operating margin | 9900 | €59,969 | €10,878 | -€49,091 | -81.9% |
| Operating profit (loss) | 9901 | €38,141 | -€30,261 | -€68,402 | |
| Profit (loss) for the period before taxes | 9903 | €38,141 | -€30,261 | -€68,402 | |
| Profit (loss) for the period | 9904 | €38,141 | -€30,261 | -€68,402 | |
| Profit (loss) for the period to be appropriated | 9905 | €38,141 | -€30,261 | -€68,402 |
Source: filed annual accounts (NBB), financial years ended 31 May 2023 and 31 May 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.