KEDIMA: what changed
Two fiscal 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.
KEDIMA
Largest movements
- Cash +€234,300
up €234,300 (+119.6%), from €195,941 to €430,241
mainly Net result for the year (+€213,727) and Tax, wage and social debts (+€16,138)
- Tangible fixed assets -€16,685
down €16,685 (-6.6%), from €251,192 to €234,507
of which Land and buildings: -€16,159
- Reserves +€211,225
up €211,225 (+109.5%), from €192,984 to €404,209
of which Distributable reserves: +€232,719
- Tax, wage and social debts +€16,138
up €16,138 (+273.5%), from €5,901 to €22,040
- Other debts -€7,544
down €7,544 (-67.4%), from €11,186 to €3,642
- Gross operating margin +€297,404
up €297,404 (+1010.3%), from €29,438 to €326,842
- Taxes +€94,496
up €94,496 (+1250.3%), from €7,558 to €102,054
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 | €450,084 | €668,048 | +€217,964 | +48.4% |
| Fixed assets | 21/28 | €251,192 | €234,507 | -€16,685 | -6.6% |
| Tangible fixed assets | 22/27 | €251,192 | €234,507 | -€16,685 | -6.6% |
| Land and buildings | 22 | €250,244 | €234,084 | -€16,159 | -6.5% |
| Plant, machinery and equipment | 23 | €949 | €423 | -€526 | -55.4% |
| Current assets | 29/58 | €198,892 | €433,541 | +€234,649 | +118.0% |
| Amounts receivable within one year | 40/41 | €2,951 | €3,300 | +€349 | +11.8% |
| Trade receivables | 40 | €635 | €635 | = | 0.0% |
| Other amounts receivable | 41 | €2,316 | €2,665 | +€349 | +15.1% |
| Cash at bank and in hand | 54/58 | €195,941 | €430,241 | +€234,300 | +119.6% |
| Total equity and liabilities | 10/49 | €450,084 | €668,048 | +€217,964 | +48.4% |
| Equity | 10/15 | €382,984 | €594,209 | +€211,225 | +55.2% |
| Contributions | 10/11 | €190,000 | €190,000 | = | 0.0% |
| Capital | 10 | €190,000 | €190,000 | = | 0.0% |
| Issued capital | 100 | €190,000 | €190,000 | = | 0.0% |
| Reserves | 13 | €192,984 | €404,209 | +€211,225 | +109.5% |
| Non-distributable reserves | 130/1 | €19,000 | €2,157 | -€16,843 | -88.6% |
| Legal reserve | 130 | €19,000 | €2,157 | -€16,843 | -88.6% |
| Tax-exempt reserves | 132 | €138,241 | €133,591 | -€4,651 | -3.4% |
| Distributable reserves | 133 | €35,743 | €268,462 | +€232,719 | +651.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €46,080 | €44,530 | -€1,550 | -3.4% |
| Deferred taxes | 168 | €46,080 | €44,530 | -€1,550 | -3.4% |
| Amounts payable | 17/49 | €21,019 | €29,308 | +€8,290 | +39.4% |
| Amounts payable within one year | 42/48 | €21,019 | €29,308 | +€8,290 | +39.4% |
| Trade debts | 44 | €3,931 | €3,627 | -€304 | -7.7% |
| Suppliers | 440/4 | €3,931 | €3,627 | -€304 | -7.7% |
| Taxes, remuneration and social security | 45 | €5,901 | €22,040 | +€16,138 | +273.5% |
| Taxes | 450/3 | €5,901 | €22,040 | +€16,138 | +273.5% |
| Other amounts payable | 47/48 | €11,186 | €3,642 | -€7,544 | -67.4% |
| Non-recurring operating income | 76A | - | €317,525 | +€317,525 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,844 | €7,624 | -€220 | -2.8% |
| Other operating charges | 640/8 | €4,914 | €5,093 | +€179 | +3.6% |
| Gross operating margin | 9900 | €29,438 | €326,842 | +€297,404 | +1010.3% |
| Operating profit (loss) | 9901 | €16,680 | €314,125 | +€297,445 | +1783.2% |
| Financial income | 75/76B | €141 | €360 | +€219 | +155.4% |
| Recurring financial income | 75 | €141 | €360 | +€219 | +155.4% |
| Financial charges | 65/66B | €244 | €255 | +€11 | +4.4% |
| Recurring financial charges | 65 | €244 | €255 | +€11 | +4.4% |
| Profit (loss) for the period before taxes | 9903 | €16,577 | €314,230 | +€297,653 | +1795.6% |
| Transfer from deferred taxes | 780 | €1,550 | €1,550 | = | 0.0% |
| Income taxes | 67/77 | €7,558 | €102,054 | +€94,496 | +1250.3% |
| Profit (loss) for the period | 9904 | €10,569 | €213,727 | +€203,157 | +1922.1% |
| Transfer from tax-exempt reserves | 789 | €4,651 | €4,651 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €15,220 | €218,377 | +€203,157 | +1334.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.