KBDO: 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.
KBDO
Largest movements
- Intangible fixed assets -€9,245
down €9,245 (-18.5%), from €50,005 to €40,760
- Tangible fixed assets -€5,686
down €5,686 (-24.7%), from €22,989 to €17,302
of which Furniture and vehicles: -€4,166
- Stocks and contracts -€2,513
down €2,513 (-49.1%), from €5,123 to €2,610
- Cash +€1,358
up €1,358 (+45.1%), from €3,012 to €4,371
mainly Depreciation (+€14,932) and Net result for the year (+€7,824)
- Debts after one year -€9,708
down €9,708 (-22.2%), from €43,723 to €34,015
- Other debts -€8,344
down €8,344 (-39.9%), from €20,905 to €12,561
- Profit (loss) carried forward +€7,824
up €7,824, from -€1,735 to €6,089
- Current portion of long-term debt -€6,352
down €6,352 (-39.6%), from €16,061 to €9,708
- Tax, wage and social debts +€2,925
new in 2024: €2,925
- Gross operating margin +€12,638
up €12,638 (+81.0%), from €15,601 to €28,239
- Taxes +€3,018
new in 2024: €3,018
- Depreciation +€1,259
up €1,259 (+9.2%), from €13,673 to €14,932
- Financial charges -€542
down €542 (-23.6%), from €2,297 to €1,754
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 | €81,915 | €66,298 | -€15,617 | -19.1% |
| Fixed assets | 21/28 | €72,994 | €58,062 | -€14,932 | -20.5% |
| Intangible fixed assets | 21 | €50,005 | €40,760 | -€9,245 | -18.5% |
| Tangible fixed assets | 22/27 | €22,989 | €17,302 | -€5,686 | -24.7% |
| Furniture and vehicles | 24 | €9,475 | €5,309 | -€4,166 | -44.0% |
| Other tangible fixed assets | 26 | €13,514 | €11,993 | -€1,520 | -11.2% |
| Current assets | 29/58 | €8,921 | €8,236 | -€685 | -7.7% |
| Stocks and contracts in progress | 3 | €5,123 | €2,610 | -€2,513 | -49.1% |
| Stocks | 30/36 | €5,123 | €2,610 | -€2,513 | -49.1% |
| Amounts receivable within one year | 40/41 | €23 | - | -€23 | |
| Trade receivables | 40 | €23 | - | -€23 | |
| Cash at bank and in hand | 54/58 | €3,012 | €4,371 | +€1,358 | +45.1% |
| Deferred charges and accrued income | 490/1 | €763 | €1,255 | +€492 | +64.5% |
| Total equity and liabilities | 10/49 | €81,915 | €66,298 | -€15,617 | -19.1% |
| Equity | 10/15 | -€735 | €7,089 | +€7,824 | |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,735 | €6,089 | +€7,824 | |
| Amounts payable | 17/49 | €82,650 | €59,210 | -€23,441 | -28.4% |
| Amounts payable after more than one year | 17 | €43,723 | €34,015 | -€9,708 | -22.2% |
| Financial debts | 170/4 | €43,723 | €34,015 | -€9,708 | -22.2% |
| Amounts payable within one year | 42/48 | €38,927 | €25,195 | -€13,732 | -35.3% |
| Current portion of amounts payable after more than one year | 42 | €16,061 | €9,708 | -€6,352 | -39.6% |
| Trade debts | 44 | €1,961 | - | -€1,961 | |
| Suppliers | 440/4 | €1,961 | - | -€1,961 | |
| Taxes, remuneration and social security | 45 | - | €2,925 | +€2,925 | |
| Taxes | 450/3 | - | €2,925 | +€2,925 | |
| Other amounts payable | 47/48 | €20,905 | €12,561 | -€8,344 | -39.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,673 | €14,932 | +€1,259 | +9.2% |
| Other operating charges | 640/8 | €954 | €712 | -€242 | -25.4% |
| Gross operating margin | 9900 | €15,601 | €28,239 | +€12,638 | +81.0% |
| Operating profit (loss) | 9901 | €975 | €12,595 | +€11,621 | +1,192% |
| Financial charges | 65/66B | €2,297 | €1,754 | -€542 | -23.6% |
| Recurring financial charges | 65 | €2,297 | €1,754 | -€542 | -23.6% |
| Profit (loss) for the period before taxes | 9903 | -€1,322 | €10,841 | +€12,163 | |
| Income taxes | 67/77 | - | €3,018 | +€3,018 | |
| Profit (loss) for the period | 9904 | -€1,322 | €7,824 | +€9,146 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,322 | €7,824 | +€9,146 |
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 13 October 2026 via checked.be.