K. Maras: 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. Maras
Largest movements
- Cash -€21,767
down €21,767 (-87.0%), from €25,011 to €3,244
mainly Receivables within one year (-€21,257) and Investment in fixed assets (net) (-€10,139)
- Receivables within one year +€21,257
up €21,257 (+230%), from €9,234 to €30,491
of which Trade receivables: +€19,487
- Tangible fixed assets +€2,904
up €2,904 (+26.7%), from €10,872 to €13,776
- Accrued charges and deferred income -€4,276
no longer reported in 2024 (was €4,276)
- Profit (loss) carried forward +€3,510
up €3,510 (+18.5%), from €18,968 to €22,478
- Other debts +€2,454
new in 2024: €2,454
- Tax, wage and social debts +€604
up €604 (+21.9%), from €2,765 to €3,369
- Gross operating margin +€4,695
up €4,695 (+58.9%), from €7,966 to €12,661
- Depreciation +€942
up €942 (+15.0%), from €6,293 to €7,235
- Taxes +€671
up €671 (+325%), from €207 to €877
- Other operating charges +€298
up €298 (+60.3%), from €493 to €791
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 | €45,395 | €47,602 | +€2,207 | +4.9% |
| Fixed assets | 21/28 | €10,872 | €13,776 | +€2,904 | +26.7% |
| Tangible fixed assets | 22/27 | €10,872 | €13,776 | +€2,904 | +26.7% |
| Furniture and vehicles | 24 | €10,872 | €13,776 | +€2,904 | +26.7% |
| Current assets | 29/58 | €34,523 | €33,826 | -€697 | -2.0% |
| Amounts receivable within one year | 40/41 | €9,234 | €30,491 | +€21,257 | +230% |
| Trade receivables | 40 | €6,148 | €25,635 | +€19,487 | +317% |
| Other amounts receivable | 41 | €3,086 | €4,856 | +€1,770 | +57.3% |
| Cash at bank and in hand | 54/58 | €25,011 | €3,244 | -€21,767 | -87.0% |
| Deferred charges and accrued income | 490/1 | €279 | €92 | -€187 | -67.0% |
| Total equity and liabilities | 10/49 | €45,395 | €47,602 | +€2,207 | +4.9% |
| Equity | 10/15 | €37,518 | €41,028 | +€3,510 | +9.4% |
| Reserves | 13 | €18,550 | €18,550 | = | 0.0% |
| Distributable reserves | 133 | €18,550 | €18,550 | = | 0.0% |
| Profit (loss) carried forward | 14 | €18,968 | €22,478 | +€3,510 | +18.5% |
| Amounts payable | 17/49 | €7,877 | €6,575 | -€1,303 | -16.5% |
| Amounts payable within one year | 42/48 | €3,601 | €6,575 | +€2,973 | +82.6% |
| Trade debts | 44 | €837 | €752 | -€85 | -10.1% |
| Suppliers | 440/4 | €837 | €752 | -€85 | -10.1% |
| Taxes, remuneration and social security | 45 | €2,765 | €3,369 | +€604 | +21.9% |
| Taxes | 450/3 | €2,765 | €3,369 | +€604 | +21.9% |
| Other amounts payable | 47/48 | - | €2,454 | +€2,454 | |
| Accrued charges and deferred income | 492/3 | €4,276 | - | -€4,276 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,293 | €7,235 | +€942 | +15.0% |
| Other operating charges | 640/8 | €493 | €791 | +€298 | +60.3% |
| Gross operating margin | 9900 | €7,966 | €12,661 | +€4,695 | +58.9% |
| Operating profit (loss) | 9901 | €1,180 | €4,635 | +€3,455 | +293% |
| Financial income | 75/76B | €57 | €2 | -€55 | -96.4% |
| Recurring financial income | 75 | €57 | €2 | -€55 | -96.4% |
| Financial charges | 65/66B | €214 | €250 | +€37 | +17.1% |
| Recurring financial charges | 65 | €214 | €250 | +€37 | +17.1% |
| Profit (loss) for the period before taxes | 9903 | €1,023 | €4,387 | +€3,364 | +329% |
| Income taxes | 67/77 | €207 | €877 | +€671 | +325% |
| Profit (loss) for the period | 9904 | €817 | €3,510 | +€2,693 | +330% |
| Profit (loss) for the period to be appropriated | 9905 | €817 | €3,510 | +€2,693 | +330% |
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 17 October 2026 via checked.be.