KCL PROJECT: 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 PROJECT
Largest movements
- Cash +€31,993
up €31,993 (+59.5%), from €53,748 to €85,741
mainly Net result for the year (+€33,055) and Tax, wage and social debts (+€5,744)
- Receivables within one year +€12,095
up €12,095 (+101.6%), from €11,905 to €24,000
- Deferred charges and accrued income -€2,210
down €2,210 (-25.0%), from €8,840 to €6,630
- Profit (loss) carried forward +€33,055
up €33,055 (+70.3%), from €47,052 to €80,107
- Tax, wage and social debts +€5,744
up €5,744 (+34.1%), from €16,848 to €22,592
- Trade debts +€4,231
up €4,231 (+120.1%), from €3,521 to €7,752
- Other debts -€1,793
down €1,793 (-31.3%), from €5,721 to €3,928
- Gross operating margin +€69,703
up €69,703, from -€17,310 to €52,393
- Taxes +€14,846
up €14,846 (+6170.3%), from €241 to €15,086
- Other operating charges +€1,465
up €1,465 (+515.7%), from €284 to €1,750
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 | €75,643 | €117,126 | +€41,484 | +54.8% |
| Fixed assets | 21/28 | €1,150 | €756 | -€394 | -34.3% |
| Tangible fixed assets | 22/27 | €1,150 | €756 | -€394 | -34.3% |
| Furniture and vehicles | 24 | €1,150 | €756 | -€394 | -34.3% |
| Current assets | 29/58 | €74,493 | €116,371 | +€41,878 | +56.2% |
| Amounts receivable within one year | 40/41 | €11,905 | €24,000 | +€12,095 | +101.6% |
| Trade receivables | 40 | €11,905 | €24,000 | +€12,095 | +101.6% |
| Cash at bank and in hand | 54/58 | €53,748 | €85,741 | +€31,993 | +59.5% |
| Deferred charges and accrued income | 490/1 | €8,840 | €6,630 | -€2,210 | -25.0% |
| Total equity and liabilities | 10/49 | €75,643 | €117,126 | +€41,484 | +54.8% |
| Equity | 10/15 | €49,552 | €82,607 | +€33,055 | +66.7% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €47,052 | €80,107 | +€33,055 | +70.3% |
| Amounts payable | 17/49 | €26,091 | €34,520 | +€8,429 | +32.3% |
| Amounts payable within one year | 42/48 | €26,091 | €34,520 | +€8,429 | +32.3% |
| Trade debts | 44 | €3,521 | €7,752 | +€4,231 | +120.1% |
| Suppliers | 440/4 | €3,521 | €7,752 | +€4,231 | +120.1% |
| Advances received on contracts in progress | 46 | - | €248 | +€248 | |
| Taxes, remuneration and social security | 45 | €16,848 | €22,592 | +€5,744 | +34.1% |
| Taxes | 450/3 | €16,848 | €22,592 | +€5,744 | +34.1% |
| Other amounts payable | 47/48 | €5,721 | €3,928 | -€1,793 | -31.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33 | €394 | +€361 | +1100.0% |
| Other operating charges | 640/8 | €284 | €1,750 | +€1,465 | +515.7% |
| Gross operating margin | 9900 | -€17,310 | €52,393 | +€69,703 | |
| Operating profit (loss) | 9901 | -€17,627 | €50,249 | +€67,876 | |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €1,712 | €2,108 | +€396 | +23.1% |
| Recurring financial charges | 65 | €1,712 | €2,108 | +€396 | +23.1% |
| Profit (loss) for the period before taxes | 9903 | -€19,339 | €48,141 | +€67,480 | |
| Income taxes | 67/77 | €241 | €15,086 | +€14,846 | +6170.3% |
| Profit (loss) for the period | 9904 | -€19,579 | €33,055 | +€52,634 | |
| Profit (loss) for the period to be appropriated | 9905 | -€19,579 | €33,055 | +€52,634 |
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 9 October 2026 via checked.be.