KBB 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.
KBB GROUP
Largest movements
- Tangible fixed assets -€72,940
down €72,940 (-16.0%), from €456,558 to €383,618
of which Leasing and similar rights: -€44,652
- Deferred charges and accrued income +€44,373
up €44,373 (+148%), from €29,907 to €74,280
- Cash -€42,989
down €42,989 (-25.2%), from €170,459 to €127,470
mainly Other debts (-€121,114) and Debts after one year (-€56,423)
- Stocks and contracts +€37,976
up €37,976 (+70.5%), from €53,850 to €91,826
- Receivables within one year +€33,114
up €33,114 (+173%), from €19,142 to €52,256
of which Other amounts receivable: +€21,407
- Other debts -€121,114
down €121,114 (-47.4%), from €255,589 to €134,475
- Profit (loss) carried forward +€111,038
up €111,038 (+12,404%), from €895 to €111,933
- Debts after one year -€56,423
down €56,423 (-30.9%), from €182,629 to €126,206
- Accrued charges and deferred income +€22,250
up €22,250 (+18.3%), from €121,727 to €143,977
- Trade debts +€20,945
up €20,945 (+36.2%), from €57,921 to €78,867
- Gross operating margin +€44,883
up €44,883 (+9.7%), from €463,199 to €508,082
- Staff costs +€37,479
up €37,479 (+20.8%), from €180,175 to €217,654
- Taxes +€30,769
up €30,769 (+308%), from €10,000 to €40,769
- Depreciation +€12,115
up €12,115 (+10.3%), from €118,045 to €130,160
- Financial income +€8,271
up €8,271 (+694%), from €1,193 to €9,464
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 | €735,198 | €732,436 | -€2,762 | -0.4% |
| Fixed assets | 21/28 | €461,839 | €386,604 | -€75,235 | -16.3% |
| Intangible fixed assets | 21 | €5,106 | €2,986 | -€2,120 | -41.5% |
| Tangible fixed assets | 22/27 | €456,558 | €383,618 | -€72,940 | -16.0% |
| Plant, machinery and equipment | 23 | €14,285 | €9,902 | -€4,383 | -30.7% |
| Furniture and vehicles | 24 | €18,865 | €13,432 | -€5,434 | -28.8% |
| Leasing and similar rights | 25 | €209,060 | €164,408 | -€44,652 | -21.4% |
| Other tangible fixed assets | 26 | €214,348 | €195,876 | -€18,471 | -8.6% |
| Financial fixed assets | 28 | €175 | - | -€175 | |
| Current assets | 29/58 | €273,359 | €345,832 | +€72,473 | +26.5% |
| Stocks and contracts in progress | 3 | €53,850 | €91,826 | +€37,976 | +70.5% |
| Stocks | 30/36 | €53,850 | €91,826 | +€37,976 | +70.5% |
| Amounts receivable within one year | 40/41 | €19,142 | €52,256 | +€33,114 | +173% |
| Trade receivables | 40 | €852 | €12,558 | +€11,706 | +1,374% |
| Other amounts receivable | 41 | €18,290 | €39,698 | +€21,407 | +117% |
| Cash at bank and in hand | 54/58 | €170,459 | €127,470 | -€42,989 | -25.2% |
| Deferred charges and accrued income | 490/1 | €29,907 | €74,280 | +€44,373 | +148% |
| Total equity and liabilities | 10/49 | €735,198 | €732,436 | -€2,762 | -0.4% |
| Equity | 10/15 | €2,395 | €113,433 | +€111,038 | +4,636% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €895 | €111,933 | +€111,038 | +12,404% |
| Amounts payable | 17/49 | €732,803 | €619,003 | -€113,800 | -15.5% |
| Amounts payable after more than one year | 17 | €182,629 | €126,206 | -€56,423 | -30.9% |
| Financial debts | 170/4 | €182,629 | €126,206 | -€56,423 | -30.9% |
| Amounts payable within one year | 42/48 | €428,447 | €348,820 | -€79,627 | -18.6% |
| Current portion of amounts payable after more than one year | 42 | €78,370 | €89,173 | +€10,803 | +13.8% |
| Trade debts | 44 | €57,921 | €78,867 | +€20,945 | +36.2% |
| Suppliers | 440/4 | €57,921 | €78,867 | +€20,945 | +36.2% |
| Taxes, remuneration and social security | 45 | €36,567 | €46,306 | +€9,739 | +26.6% |
| Taxes | 450/3 | €36,567 | €1,970 | -€34,597 | -94.6% |
| Remuneration and social security | 454/9 | - | €44,336 | +€44,336 | |
| Other amounts payable | 47/48 | €255,589 | €134,475 | -€121,114 | -47.4% |
| Accrued charges and deferred income | 492/3 | €121,727 | €143,977 | +€22,250 | +18.3% |
| Remuneration, social security and pensions | 62 | €180,175 | €217,654 | +€37,479 | +20.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €118,045 | €130,160 | +€12,115 | +10.3% |
| Other operating charges | 640/8 | €4,270 | €1,633 | -€2,637 | -61.7% |
| Gross operating margin | 9900 | €463,199 | €508,082 | +€44,883 | +9.7% |
| Operating profit (loss) | 9901 | €160,709 | €158,635 | -€2,075 | -1.3% |
| Financial income | 75/76B | €1,193 | €9,464 | +€8,271 | +694% |
| Recurring financial income | 75 | €1,193 | €9,464 | +€8,271 | +694% |
| Financial charges | 65/66B | €16,118 | €16,292 | +€173 | +1.1% |
| Recurring financial charges | 65 | €16,118 | €16,292 | +€173 | +1.1% |
| Profit (loss) for the period before taxes | 9903 | €145,784 | €151,807 | +€6,023 | +4.1% |
| Income taxes | 67/77 | €10,000 | €40,769 | +€30,769 | +308% |
| Profit (loss) for the period | 9904 | €135,784 | €111,038 | -€24,746 | -18.2% |
| Profit (loss) for the period to be appropriated | 9905 | €135,784 | €111,038 | -€24,746 | -18.2% |
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.