KCL Advisory Services: 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.
KCL Advisory Services
Largest movements
- Receivables within one year +€21,452
up €21,452 (+155%), from €13,835 to €35,287
- Cash -€3,299
down €3,299 (-15.1%), from €21,798 to €18,499
mainly Receivables within one year (-€21,452) and Investment in fixed assets (net) (-€611)
- Debts within one year +€9,498
up €9,498 (+40.7%), from €23,364 to €32,862
- Reserves +€8,924
up €8,924 (+32.1%), from €27,808 to €36,732
- Gross operating margin -€8,804
down €8,804 (-38.3%), from €22,992 to €14,189
- Taxes -€1,820
down €1,820 (-29.3%), from €6,221 to €4,401
From the 2013 result to the 2014 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 2013 and 2014 balance sheets and the 2014 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2013 | 2014 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €56,173 | €74,594 | +€18,422 | +32.8% |
| Fixed assets | 21/28 | €540 | €702 | +€163 | +30.1% |
| Tangible fixed assets | 22/27 | €540 | €702 | +€163 | +30.1% |
| Current assets | 29/58 | €55,633 | €73,892 | +€18,259 | +32.8% |
| Amounts receivable within one year | 40/41 | €13,835 | €35,287 | +€21,452 | +155% |
| Current investments | 50/53 | €20,000 | €20,106 | +€106 | +0.5% |
| Cash at bank and in hand | 54/58 | €21,798 | €18,499 | -€3,299 | -15.1% |
| Total equity and liabilities | 10/49 | €56,173 | €74,594 | +€18,422 | +32.8% |
| Equity | 10/15 | €32,808 | €41,732 | +€8,924 | +27.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €27,808 | €36,732 | +€8,924 | +32.1% |
| Amounts payable | 17/49 | €23,364 | €32,862 | +€9,498 | +40.7% |
| Amounts payable within one year | 42/48 | €23,364 | €32,862 | +€9,498 | +40.7% |
| Trade debts | 44 | €224 | €170 | -€54 | -24.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €290 | €448 | +€158 | +54.4% |
| Gross operating margin | 9900 | €22,992 | €14,189 | -€8,804 | -38.3% |
| Operating profit (loss) | 9901 | €22,471 | €13,513 | -€8,958 | -39.9% |
| Recurring financial income | 75 | €28 | €137 | +€109 | +391% |
| Recurring financial charges | 65 | €97 | €325 | +€228 | +234% |
| Profit (loss) for the period before taxes | 9903 | €22,401 | €13,324 | -€9,077 | -40.5% |
| Income taxes | 67/77 | €6,221 | €4,401 | -€1,820 | -29.3% |
| Profit (loss) for the period | 9904 | €16,180 | €8,924 | -€7,257 | -44.8% |
| Profit (loss) for the period to be appropriated | 9905 | €16,180 | €8,924 | -€7,257 | -44.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2013 and 31 December 2014. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.