K - TEG: what changed
K - TEG
Largest movements
- Receivables within one year +€326,982
up €326,982 (+30.4%), from €1.1m to €1.4m
of which Other amounts receivable: +€683,821
- Stocks and contracts +€58,282
up €58,282 (+14.7%), from €396,600 to €454,882
- Cash +€32,084
up €32,084 (+14.9%), from €215,000 to €247,084
mainly Debts after one year (+€450,460) and Net result for the year (+€244,826)
- Tangible fixed assets +€27,719
up €27,719 (+20.3%), from €136,855 to €164,573
of which Plant, machinery and equipment: +€35,561
- Debts after one year +€450,460
new in 2024: €450,460
- Trade debts -€196,222
down €196,222 (-52.1%), from €376,528 to €180,306
- Other debts +€179,445
up €179,445 (+295%), from €60,849 to €240,294
- Tax, wage and social debts -€60,619
down €60,619 (-50.8%), from €119,247 to €58,628
of which Taxes: -€57,768
- Current portion of long-term debt +€57,554
up €57,554 (+341%), from €16,863 to €74,417
- Staff costs +€142,032
up €142,032 (+29.8%), from €476,103 to €618,134
- Gross operating margin +€50,528
up €50,528 (+5.3%), from €958,700 to €1.0m
- Taxes -€15,360
down €15,360 (-14.3%), from €107,722 to €92,361
- Depreciation -€14,500
down €14,500 (-25.9%), from €56,011 to €41,511
- Financial income +€11,462
up €11,462 (+227%), from €5,055 to €16,517
Change in the result, 2023 to 2024
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2023 and 2024 balance sheets and the 2024 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,844,324 | €2,278,901 | +€434,577 | +23.6% |
| Fixed assets | 21/28 | €137,855 | €164,573 | +€26,719 | +19.4% |
| Tangible fixed assets | 22/27 | €136,855 | €164,573 | +€27,719 | +20.3% |
| Plant, machinery and equipment | 23 | €82,973 | €118,534 | +€35,561 | +42.9% |
| Furniture and vehicles | 24 | €2,483 | €2,511 | +€28 | +1.1% |
| Other tangible fixed assets | 26 | €51,398 | €43,528 | -€7,870 | -15.3% |
| Financial fixed assets | 28 | €1,000 | - | -€1,000 | |
| Current assets | 29/58 | €1,706,470 | €2,114,328 | +€407,859 | +23.9% |
| Stocks and contracts in progress | 3 | €396,600 | €454,882 | +€58,282 | +14.7% |
| Stocks | 30/36 | €396,600 | €454,882 | +€58,282 | +14.7% |
| Amounts receivable within one year | 40/41 | €1,075,018 | €1,401,999 | +€326,982 | +30.4% |
| Trade receivables | 40 | €1,017,261 | €660,421 | -€356,840 | -35.1% |
| Other amounts receivable | 41 | €57,757 | €741,578 | +€683,821 | +1,184% |
| Cash at bank and in hand | 54/58 | €215,000 | €247,084 | +€32,084 | +14.9% |
| Deferred charges and accrued income | 490/1 | €19,853 | €10,364 | -€9,489 | -47.8% |
| Total equity and liabilities | 10/49 | €1,844,324 | €2,278,901 | +€434,577 | +23.6% |
| Equity | 10/15 | €1,269,969 | €1,274,796 | +€4,826 | +0.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Contributions outside capital | 11 | - | €20,000 | +€20,000 | |
| Other | 1109/19 | - | €20,000 | +€20,000 | |
| Reserves | 13 | €1,249,969 | €1,254,796 | +€4,826 | +0.4% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €75,000 | €75,000 | = | 0.0% |
| Distributable reserves | 133 | €1,172,969 | €1,177,796 | +€4,826 | +0.4% |
| Amounts payable | 17/49 | €574,355 | €1,004,106 | +€429,751 | +74.8% |
| Amounts payable after more than one year | 17 | - | €450,460 | +€450,460 | |
| Financial debts | 170/4 | - | €450,460 | +€450,460 | |
| Amounts payable within one year | 42/48 | €573,487 | €553,646 | -€19,841 | -3.5% |
| Current portion of amounts payable after more than one year | 42 | €16,863 | €74,417 | +€57,554 | +341% |
| Trade debts | 44 | €376,528 | €180,306 | -€196,222 | -52.1% |
| Suppliers | 440/4 | €376,528 | €180,306 | -€196,222 | -52.1% |
| Taxes, remuneration and social security | 45 | €119,247 | €58,628 | -€60,619 | -50.8% |
| Taxes | 450/3 | €72,494 | €14,726 | -€57,768 | -79.7% |
| Remuneration and social security | 454/9 | €46,754 | €43,903 | -€2,851 | -6.1% |
| Other amounts payable | 47/48 | €60,849 | €240,294 | +€179,445 | +295% |
| Accrued charges and deferred income | 492/3 | €868 | - | -€868 | |
| Remuneration, social security and pensions | 62 | €476,103 | €618,134 | +€142,032 | +29.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €56,011 | €41,511 | -€14,500 | -25.9% |
| Other operating charges | 640/8 | €18,090 | €18,727 | +€638 | +3.5% |
| Gross operating margin | 9900 | €958,700 | €1,009,229 | +€50,528 | +5.3% |
| Operating profit (loss) | 9901 | €408,497 | €330,856 | -€77,641 | -19.0% |
| Financial income | 75/76B | €5,055 | €16,517 | +€11,462 | +227% |
| Recurring financial income | 75 | €5,055 | €16,517 | +€11,462 | +227% |
| Financial charges | 65/66B | €1,503 | €10,186 | +€8,683 | +578% |
| Recurring financial charges | 65 | €1,503 | €10,186 | +€8,683 | +578% |
| Profit (loss) for the period before taxes | 9903 | €412,050 | €337,188 | -€74,862 | -18.2% |
| Income taxes | 67/77 | €107,722 | €92,361 | -€15,360 | -14.3% |
| Profit (loss) for the period | 9904 | €304,328 | €244,826 | -€59,501 | -19.6% |
| Profit (loss) for the period to be appropriated | 9905 | €304,328 | €244,826 | -€59,501 | -19.6% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.