KAE GROUP: 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.
KAE GROUP
Largest movements
- Receivables within one year +€56,548
up €56,548 (+590%), from €9,590 to €66,138
of which Trade receivables: +€55,633
- Cash -€3,292
down €3,292 (-52.7%), from €6,251 to €2,958
mainly Receivables within one year (-€56,548)
- Trade debts +€28,924
up €28,924 (+588%), from €4,918 to €33,842
- Profit (loss) carried forward +€19,333
up €19,333 (+308%), from €6,277 to €25,609
- Tax, wage and social debts +€4,518
up €4,518 (+101%), from €4,488 to €9,006
of which Taxes: +€6,611
- Purchases and services -€25,669
down €25,669 (-32.7%), from €78,437 to €52,768
- Gross operating margin +€16,857
up €16,857 (+40.9%), from €41,227 to €58,084
- Turnover -€8,812
down €8,812 (-7.4%), from €119,664 to €110,852
- Taxes +€4,365
up €4,365 (+209%), from €2,092 to €6,457
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 | €16,683 | €69,457 | +€52,775 | +316% |
| Fixed assets | 21/28 | €361 | €361 | = | 0.0% |
| Financial fixed assets | 28 | €361 | €361 | = | 0.0% |
| Current assets | 29/58 | €16,322 | €69,097 | +€52,775 | +323% |
| Amounts receivable within one year | 40/41 | €9,590 | €66,138 | +€56,548 | +590% |
| Trade receivables | 40 | €1,509 | €57,142 | +€55,633 | +3,687% |
| Other amounts receivable | 41 | €8,082 | €8,996 | +€915 | +11.3% |
| Cash at bank and in hand | 54/58 | €6,251 | €2,958 | -€3,292 | -52.7% |
| Deferred charges and accrued income | 490/1 | €481 | - | -€481 | |
| Total equity and liabilities | 10/49 | €16,683 | €69,457 | +€52,775 | +316% |
| Equity | 10/15 | €7,277 | €26,609 | +€19,333 | +266% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,277 | €25,609 | +€19,333 | +308% |
| Amounts payable | 17/49 | €9,406 | €42,848 | +€33,442 | +356% |
| Amounts payable within one year | 42/48 | €9,406 | €42,848 | +€33,442 | +356% |
| Trade debts | 44 | €4,918 | €33,842 | +€28,924 | +588% |
| Suppliers | 440/4 | €4,918 | €33,842 | +€28,924 | +588% |
| Taxes, remuneration and social security | 45 | €4,488 | €9,006 | +€4,518 | +101% |
| Taxes | 450/3 | €2,099 | €8,709 | +€6,611 | +315% |
| Remuneration and social security | 454/9 | €2,390 | €297 | -€2,093 | -87.6% |
| Turnover | 70 | €119,664 | €110,852 | -€8,812 | -7.4% |
| Goods, raw materials, services and sundry goods | 60/61 | €78,437 | €52,768 | -€25,669 | -32.7% |
| Remuneration, social security and pensions | 62 | €32,731 | €32,255 | -€476 | -1.5% |
| Non-recurring operating charges | 66A | €100 | - | -€100 | |
| Gross operating margin | 9900 | €41,227 | €58,084 | +€16,857 | +40.9% |
| Operating profit (loss) | 9901 | €8,395 | €25,829 | +€17,434 | +208% |
| Financial charges | 65/66B | €26 | €39 | +€13 | +48.8% |
| Recurring financial charges | 65 | €26 | €39 | +€13 | +48.8% |
| Profit (loss) for the period before taxes | 9903 | €8,369 | €25,790 | +€17,421 | +208% |
| Income taxes | 67/77 | €2,092 | €6,457 | +€4,365 | +209% |
| Profit (loss) for the period | 9904 | €6,277 | €19,333 | +€13,056 | +208% |
| Profit (loss) for the period to be appropriated | 9905 | €6,277 | €19,333 | +€13,056 | +208% |
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 20 October 2026 via checked.be.