Kavege: what changed
Two fiscal 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.
Kavege
Largest movements
- Financial fixed assets +€55,231
new in 2024: €55,231
- Cash -€14,760
down €14,760 (-28.9%), from €51,028 to €36,268
mainly Investment in fixed assets (net) (-€65,205) and Receivables within one year (-€11,060)
- Receivables within one year +€11,060
up €11,060 (+209.7%), from €5,275 to €16,335
of which Trade receivables: +€16,335
- Tangible fixed assets +€9,143
new in 2024: €9,143
- Reserves +€38,516
up €38,516 (+142.7%), from €26,989 to €65,506
- Tax, wage and social debts +€15,021
up €15,021 (+88.6%), from €16,960 to €31,980
- Trade debts +€7,421
up €7,421 (+504.3%), from €1,471 to €8,892
- Gross operating margin +€21,625
up €21,625 (+36.3%), from €59,571 to €81,196
- Staff costs +€8,263
up €8,263 (+67.3%), from €12,273 to €20,535
- Taxes +€6,902
up €6,902 (+62.4%), from €11,063 to €17,965
- Financial charges +€968
up €968 (+214.9%), from €450 to €1,418
- Depreciation +€831
new in 2024: €831
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
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 | €56,303 | €116,976 | +€60,674 | +107.8% |
| Fixed assets | 21/28 | - | €64,374 | +€64,374 | |
| Tangible fixed assets | 22/27 | - | €9,143 | +€9,143 | |
| Land and buildings | 22 | - | €9,143 | +€9,143 | |
| Financial fixed assets | 28 | - | €55,231 | +€55,231 | |
| Current assets | 29/58 | €56,303 | €52,603 | -€3,700 | -6.6% |
| Amounts receivable within one year | 40/41 | €5,275 | €16,335 | +€11,060 | +209.7% |
| Trade receivables | 40 | - | €16,335 | +€16,335 | |
| Other amounts receivable | 41 | €5,275 | - | -€5,275 | |
| Cash at bank and in hand | 54/58 | €51,028 | €36,268 | -€14,760 | -28.9% |
| Total equity and liabilities | 10/49 | €56,303 | €116,976 | +€60,674 | +107.8% |
| Equity | 10/15 | €29,989 | €68,506 | +€38,516 | +128.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €26,989 | €65,506 | +€38,516 | +142.7% |
| Distributable reserves | 133 | €26,989 | €65,506 | +€38,516 | +142.7% |
| Amounts payable | 17/49 | €26,314 | €48,471 | +€22,157 | +84.2% |
| Amounts payable within one year | 42/48 | €26,281 | €48,471 | +€22,190 | +84.4% |
| Trade debts | 44 | €1,471 | €8,892 | +€7,421 | +504.3% |
| Suppliers | 440/4 | €1,471 | €8,892 | +€7,421 | +504.3% |
| Taxes, remuneration and social security | 45 | €16,960 | €31,980 | +€15,021 | +88.6% |
| Taxes | 450/3 | €16,960 | €31,980 | +€15,021 | +88.6% |
| Other amounts payable | 47/48 | €7,850 | €7,598 | -€252 | -3.2% |
| Accrued charges and deferred income | 492/3 | €33 | - | -€33 | |
| Remuneration, social security and pensions | 62 | €12,273 | €20,535 | +€8,263 | +67.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €831 | +€831 | |
| Other operating charges | 640/8 | €976 | €1,068 | +€91 | +9.4% |
| Non-recurring operating charges | 66A | - | €6 | +€6 | |
| Gross operating margin | 9900 | €59,571 | €81,196 | +€21,625 | +36.3% |
| Operating profit (loss) | 9901 | €46,322 | €58,756 | +€12,433 | +26.8% |
| Financial income | 75/76B | €30 | €0 | -€30 | -100.0% |
| Recurring financial income | 75 | €30 | €0 | -€30 | -100.0% |
| Financial charges | 65/66B | €450 | €1,418 | +€968 | +214.9% |
| Recurring financial charges | 65 | €450 | €1,418 | +€968 | +214.9% |
| Profit (loss) for the period before taxes | 9903 | €45,902 | €57,338 | +€11,435 | +24.9% |
| Income taxes | 67/77 | €11,063 | €17,965 | +€6,902 | +62.4% |
| Profit (loss) for the period | 9904 | €34,839 | €39,372 | +€4,533 | +13.0% |
| Profit (loss) for the period to be appropriated | 9905 | €34,839 | €39,372 | +€4,533 | +13.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.