K & T: 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 & T
Largest movements
- Receivables within one year +€36,404
up €36,404 (+280%), from €12,996 to €49,400
of which Other amounts receivable: +€41,100
- Tangible fixed assets -€21,247
down €21,247 (-20.2%), from €105,403 to €84,156
- Debts after one year -€28,432
down €28,432 (-37.8%), from €75,180 to €46,748
- Reserves +€25,212
up €25,212 (+23.0%), from €109,486 to €134,698
of which Distributable reserves: +€25,212
- Advances received +€7,910
new in 2024: €7,910
- Trade debts +€7,320
up €7,320 (+40.5%), from €18,096 to €25,417
- Tax, wage and social debts +€5,880
up €5,880 (+78.1%), from €7,533 to €13,413
of which Taxes: +€5,839
- Gross operating margin -€3,323
down €3,323 (-3.8%), from €86,573 to €83,250
- Financial charges +€2,136
up €2,136 (+37.7%), from €5,670 to €7,806
- Other operating charges -€2,083
down €2,083 (-64.6%), from €3,226 to €1,143
- Staff costs +€1,616
up €1,616 (+8.5%), from €18,930 to €20,546
- Taxes -€1,097
down €1,097 (-8.2%), from €13,442 to €12,345
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 | €256,512 | €276,359 | +€19,847 | +7.7% |
| Fixed assets | 21/28 | €105,968 | €84,721 | -€21,247 | -20.1% |
| Tangible fixed assets | 22/27 | €105,403 | €84,156 | -€21,247 | -20.2% |
| Plant, machinery and equipment | 23 | €1,275 | €974 | -€300 | -23.6% |
| Furniture and vehicles | 24 | €11,806 | €7,409 | -€4,397 | -37.2% |
| Leasing and similar rights | 25 | €36,153 | €26,847 | -€9,306 | -25.7% |
| Other tangible fixed assets | 26 | €56,169 | €48,925 | -€7,244 | -12.9% |
| Financial fixed assets | 28 | €565 | €565 | = | 0.0% |
| Current assets | 29/58 | €150,544 | €191,638 | +€41,094 | +27.3% |
| Amounts receivable after more than one year | 29 | €110,000 | €110,000 | = | 0.0% |
| Other amounts receivable | 291 | €110,000 | €110,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €23,630 | €24,388 | +€758 | +3.2% |
| Stocks | 30/36 | €23,630 | €24,388 | +€758 | +3.2% |
| Amounts receivable within one year | 40/41 | €12,996 | €49,400 | +€36,404 | +280% |
| Trade receivables | 40 | €4,696 | - | -€4,696 | |
| Other amounts receivable | 41 | €8,300 | €49,400 | +€41,100 | +495% |
| Cash at bank and in hand | 54/58 | - | €1,742 | +€1,742 | |
| Deferred charges and accrued income | 490/1 | €3,918 | €6,107 | +€2,190 | +55.9% |
| Total equity and liabilities | 10/49 | €256,512 | €276,359 | +€19,847 | +7.7% |
| Equity | 10/15 | €128,086 | €153,298 | +€25,212 | +19.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €109,486 | €134,698 | +€25,212 | +23.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €15,247 | €15,247 | = | 0.0% |
| Distributable reserves | 133 | €92,379 | €117,591 | +€25,212 | +27.3% |
| Amounts payable | 17/49 | €128,426 | €123,062 | -€5,365 | -4.2% |
| Amounts payable after more than one year | 17 | €75,180 | €46,748 | -€28,432 | -37.8% |
| Financial debts | 170/4 | €75,180 | €46,748 | -€28,432 | -37.8% |
| Amounts payable within one year | 42/48 | €53,246 | €76,314 | +€23,068 | +43.3% |
| Current portion of amounts payable after more than one year | 42 | €23,765 | €26,907 | +€3,143 | +13.2% |
| Financial debts | 43 | €3,852 | €2,667 | -€1,185 | -30.8% |
| Credit institutions | 430/8 | €3,852 | €2,667 | -€1,185 | -30.8% |
| Trade debts | 44 | €18,096 | €25,417 | +€7,320 | +40.5% |
| Suppliers | 440/4 | €18,096 | €25,417 | +€7,320 | +40.5% |
| Advances received on contracts in progress | 46 | - | €7,910 | +€7,910 | |
| Taxes, remuneration and social security | 45 | €7,533 | €13,413 | +€5,880 | +78.1% |
| Taxes | 450/3 | €6,505 | €12,345 | +€5,839 | +89.8% |
| Remuneration and social security | 454/9 | €1,028 | €1,068 | +€41 | +4.0% |
| Remuneration, social security and pensions | 62 | €18,930 | €20,546 | +€1,616 | +8.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,260 | €21,247 | -€13 | -0.1% |
| Other operating charges | 640/8 | €3,226 | €1,143 | -€2,083 | -64.6% |
| Gross operating margin | 9900 | €86,573 | €83,250 | -€3,323 | -3.8% |
| Operating profit (loss) | 9901 | €43,157 | €40,314 | -€2,843 | -6.6% |
| Financial income | 75/76B | €5,258 | €5,049 | -€209 | -4.0% |
| Recurring financial income | 75 | €5,258 | €5,049 | -€209 | -4.0% |
| Financial charges | 65/66B | €5,670 | €7,806 | +€2,136 | +37.7% |
| Recurring financial charges | 65 | €5,670 | €7,806 | +€2,136 | +37.7% |
| Profit (loss) for the period before taxes | 9903 | €42,745 | €37,557 | -€5,188 | -12.1% |
| Income taxes | 67/77 | €13,442 | €12,345 | -€1,097 | -8.2% |
| Profit (loss) for the period | 9904 | €29,303 | €25,212 | -€4,091 | -14.0% |
| Profit (loss) for the period to be appropriated | 9905 | €29,303 | €25,212 | -€4,091 | -14.0% |
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 14 October 2026 via checked.be.