KC-WORKS: 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.
KC-WORKS
Largest movements
- Receivables within one year +€71,940
up €71,940 (+175%), from €41,140 to €113,080
of which Other amounts receivable: +€37,247
- Tangible fixed assets -€5,019
down €5,019 (-29.5%), from €17,021 to €12,002
of which Furniture and vehicles: -€3,041
- Cash -€1,835
down €1,835 (-41.9%), from €4,375 to €2,540
mainly Receivables within one year (-€71,940)
- Reserves +€20,338
up €20,338 (+69.9%), from €29,079 to €49,418
- Trade debts +€19,624
up €19,624 (+99.6%), from €19,706 to €39,329
- Advances received +€16,199
up €16,199 (+324%), from €5,000 to €21,199
- Tax, wage and social debts +€7,771
up €7,771 (+96.9%), from €8,020 to €15,791
- Gross operating margin +€12,684
up €12,684 (+62.5%), from €20,287 to €32,971
- Taxes +€3,621
up €3,621 (+87.3%), from €4,149 to €7,771
- Depreciation +€2,337
up €2,337 (+87.1%), from €2,682 to €5,019
- Financial income +€697
up €697 (+187%), from €372 to €1,069
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 | €63,691 | €127,622 | +€63,931 | +100% |
| Fixed assets | 21/28 | €17,021 | €12,002 | -€5,019 | -29.5% |
| Tangible fixed assets | 22/27 | €17,021 | €12,002 | -€5,019 | -29.5% |
| Plant, machinery and equipment | 23 | €3,234 | €1,256 | -€1,978 | -61.2% |
| Furniture and vehicles | 24 | €13,788 | €10,746 | -€3,041 | -22.1% |
| Current assets | 29/58 | €46,670 | €115,620 | +€68,950 | +148% |
| Amounts receivable within one year | 40/41 | €41,140 | €113,080 | +€71,940 | +175% |
| Trade receivables | 40 | €31,210 | €65,903 | +€34,693 | +111% |
| Other amounts receivable | 41 | €9,930 | €47,177 | +€37,247 | +375% |
| Cash at bank and in hand | 54/58 | €4,375 | €2,540 | -€1,835 | -41.9% |
| Deferred charges and accrued income | 490/1 | €1,155 | - | -€1,155 | |
| Total equity and liabilities | 10/49 | €63,691 | €127,622 | +€63,931 | +100% |
| Equity | 10/15 | €30,579 | €50,918 | +€20,338 | +66.5% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €29,079 | €49,418 | +€20,338 | +69.9% |
| Distributable reserves | 133 | €29,079 | €49,418 | +€20,338 | +69.9% |
| Amounts payable | 17/49 | €33,112 | €76,704 | +€43,593 | +132% |
| Amounts payable within one year | 42/48 | €32,726 | €76,319 | +€43,593 | +133% |
| Trade debts | 44 | €19,706 | €39,329 | +€19,624 | +99.6% |
| Suppliers | 440/4 | €19,706 | €39,329 | +€19,624 | +99.6% |
| Advances received on contracts in progress | 46 | €5,000 | €21,199 | +€16,199 | +324% |
| Taxes, remuneration and social security | 45 | €8,020 | €15,791 | +€7,771 | +96.9% |
| Taxes | 450/3 | €8,020 | €15,791 | +€7,771 | +96.9% |
| Accrued charges and deferred income | 492/3 | €386 | €386 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,682 | €5,019 | +€2,337 | +87.1% |
| Other operating charges | 640/8 | €200 | €491 | +€291 | +146% |
| Gross operating margin | 9900 | €20,287 | €32,971 | +€12,684 | +62.5% |
| Operating profit (loss) | 9901 | €17,404 | €27,461 | +€10,056 | +57.8% |
| Financial income | 75/76B | €372 | €1,069 | +€697 | +187% |
| Recurring financial income | 75 | €372 | €1,069 | +€697 | +187% |
| Financial charges | 65/66B | €589 | €421 | -€168 | -28.5% |
| Recurring financial charges | 65 | €589 | €421 | -€168 | -28.5% |
| Profit (loss) for the period before taxes | 9903 | €17,187 | €28,109 | +€10,922 | +63.5% |
| Income taxes | 67/77 | €4,149 | €7,771 | +€3,621 | +87.3% |
| Profit (loss) for the period | 9904 | €13,038 | €20,338 | +€7,300 | +56.0% |
| Profit (loss) for the period to be appropriated | 9905 | €13,038 | €20,338 | +€7,300 | +56.0% |
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 25 October 2026 via checked.be.