KAVEBE ASSUR: 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.
KAVEBE ASSUR
Largest movements
- Receivables within one year -€18,637
down €18,637 (-63.4%), from €29,395 to €10,758
of which Other amounts receivable: -€10,901
- Tangible fixed assets -€526
down €526 (-47.0%), from €1,119 to €593
- Deferred charges and accrued income -€368
down €368 (-40.1%), from €917 to €549
- Profit (loss) carried forward -€42,588
down €42,588 (-117.7%), from -€36,183 to -€78,770
- Other debts +€33,279
new in 2024: €33,279
- Current portion of long-term debt -€10,124
down €10,124 (-70.7%), from €14,318 to €4,194
- Debts after one year +€8,315
new in 2024: €8,315
- Tax, wage and social debts -€4,918
down €4,918 (-55.5%), from €8,862 to €3,944
of which Remuneration and social security: -€3,552
- Gross operating margin -€41,847
down €41,847, from €4,305 to -€37,542
- Taxes +€1,034
up €1,034 (+4505.6%), from €23 to €1,057
- Financial income -€828
down €828 (-99.7%), from €830 to €2
- Other operating charges -€799
down €799 (-56.3%), from €1,419 to €620
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.
Cash bridge derived
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €31,431 | €11,900 | -€19,532 | -62.1% |
| Fixed assets | 21/28 | €1,119 | €593 | -€526 | -47.0% |
| Tangible fixed assets | 22/27 | €1,119 | €593 | -€526 | -47.0% |
| Plant, machinery and equipment | 23 | €1,119 | €593 | -€526 | -47.0% |
| Current assets | 29/58 | €30,312 | €11,307 | -€19,005 | -62.7% |
| Amounts receivable within one year | 40/41 | €29,395 | €10,758 | -€18,637 | -63.4% |
| Trade receivables | 40 | €18,422 | €10,685 | -€7,736 | -42.0% |
| Other amounts receivable | 41 | €10,973 | €72 | -€10,901 | -99.3% |
| Deferred charges and accrued income | 490/1 | €917 | €549 | -€368 | -40.1% |
| Total equity and liabilities | 10/49 | €31,431 | €11,900 | -€19,532 | -62.1% |
| Equity | 10/15 | -€2,604 | -€45,191 | -€42,588 | -1635.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Capital | 10 | €6,200 | €6,200 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €27,379 | €27,379 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €25,519 | €25,519 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€36,183 | -€78,770 | -€42,588 | -117.7% |
| Amounts payable | 17/49 | €34,035 | €57,091 | +€23,056 | +67.7% |
| Amounts payable after more than one year | 17 | - | €8,315 | +€8,315 | |
| Financial debts | 170/4 | - | €8,315 | +€8,315 | |
| Amounts payable within one year | 42/48 | €34,035 | €48,776 | +€14,741 | +43.3% |
| Current portion of amounts payable after more than one year | 42 | €14,318 | €4,194 | -€10,124 | -70.7% |
| Financial debts | 43 | €2,857 | €3,125 | +€268 | +9.4% |
| Credit institutions | 430/8 | €2,857 | €3,125 | +€268 | +9.4% |
| Trade debts | 44 | €7,998 | €4,233 | -€3,765 | -47.1% |
| Suppliers | 440/4 | €7,998 | €4,233 | -€3,765 | -47.1% |
| Taxes, remuneration and social security | 45 | €8,862 | €3,944 | -€4,918 | -55.5% |
| Taxes | 450/3 | €2,423 | €1,057 | -€1,366 | -56.4% |
| Remuneration and social security | 454/9 | €6,439 | €2,887 | -€3,552 | -55.2% |
| Other amounts payable | 47/48 | - | €33,279 | +€33,279 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €460 | €526 | +€66 | +14.4% |
| Other operating charges | 640/8 | €1,419 | €620 | -€799 | -56.3% |
| Gross operating margin | 9900 | €4,305 | -€37,542 | -€41,847 | |
| Operating profit (loss) | 9901 | €2,427 | -€38,688 | -€41,115 | |
| Financial income | 75/76B | €830 | €2 | -€828 | -99.7% |
| Recurring financial income | 75 | €830 | €2 | -€828 | -99.7% |
| Financial charges | 65/66B | €2,990 | €2,844 | -€146 | -4.9% |
| Recurring financial charges | 65 | €2,990 | €2,844 | -€146 | -4.9% |
| Profit (loss) for the period before taxes | 9903 | €267 | -€41,530 | -€41,797 | |
| Income taxes | 67/77 | €23 | €1,057 | +€1,034 | +4505.6% |
| Profit (loss) for the period | 9904 | €244 | -€42,588 | -€42,831 | |
| Profit (loss) for the period to be appropriated | 9905 | €244 | -€42,588 | -€42,831 |
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 12 October 2026 via checked.be.