KellYveS: 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.
KellYveS
Largest movements
- Receivables within one year +€10,827
up €10,827 (+61.6%), from €17,567 to €28,394
of which Trade receivables: +€9,477
- Intangible fixed assets -€6,000
down €6,000 (-11.8%), from €50,975 to €44,975
- Cash +€5,836
up €5,836 (+746%), from €782 to €6,618
mainly Trade debts (+€18,525) and Other debts (+€13,321)
- Trade debts +€18,525
up €18,525 (+65.5%), from €28,303 to €46,828
- Profit (loss) carried forward -€14,652
down €14,652 (-15.0%), from -€97,534 to -€112,186
- Other debts +€13,321
up €13,321 (+66.2%), from €20,123 to €33,444
- Current portion of long-term debt -€9,761
down €9,761 (-100%), from €9,761 to €0
- Tax, wage and social debts +€2,887
up €2,887 (+13.1%), from €22,087 to €24,973
of which Taxes: +€2,887
- Purchases and services +€258,266
new in 2024: €258,266
- Turnover +€254,452
new in 2024: €254,452
- Financial income -€9,734
down €9,734 (-98.9%), from €9,847 to €113
- Gross operating margin +€3,286
up €3,286 (+60.6%), from -€5,420 to -€2,134
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 | €125,020 | €134,645 | +€9,625 | +7.7% |
| Fixed assets | 21/28 | €56,221 | €49,183 | -€7,038 | -12.5% |
| Intangible fixed assets | 21 | €50,975 | €44,975 | -€6,000 | -11.8% |
| Tangible fixed assets | 22/27 | €5,145 | €4,107 | -€1,038 | -20.2% |
| Plant, machinery and equipment | 23 | €2,982 | €4,107 | +€1,125 | +37.7% |
| Furniture and vehicles | 24 | €2,163 | €0 | -€2,163 | -100% |
| Financial fixed assets | 28 | €100 | €100 | = | 0.0% |
| Current assets | 29/58 | €68,800 | €85,462 | +€16,663 | +24.2% |
| Amounts receivable after more than one year | 29 | €16,500 | €16,500 | = | 0.0% |
| Trade receivables | 290 | €16,500 | €16,500 | = | 0.0% |
| Stocks and contracts in progress | 3 | €32,250 | €32,250 | = | 0.0% |
| Stocks | 30/36 | €32,250 | €32,250 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €17,567 | €28,394 | +€10,827 | +61.6% |
| Trade receivables | 40 | €8,821 | €18,298 | +€9,477 | +107% |
| Other amounts receivable | 41 | €8,746 | €10,096 | +€1,350 | +15.4% |
| Cash at bank and in hand | 54/58 | €782 | €6,618 | +€5,836 | +746% |
| Deferred charges and accrued income | 490/1 | €1,700 | €1,700 | = | 0.0% |
| Total equity and liabilities | 10/49 | €125,020 | €134,645 | +€9,625 | +7.7% |
| Equity | 10/15 | €36,347 | €21,696 | -€14,652 | -40.3% |
| Contributions | 10/11 | €18,476 | €18,476 | = | 0.0% |
| Reserves | 13 | €115,406 | €115,406 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €31,084 | €31,084 | = | 0.0% |
| Distributable reserves | 133 | €84,322 | €84,322 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€97,534 | -€112,186 | -€14,652 | -15.0% |
| Amounts payable | 17/49 | €88,673 | €112,949 | +€24,276 | +27.4% |
| Amounts payable after more than one year | 17 | €6,414 | €6,414 | = | 0.0% |
| Financial debts | 170/4 | €6,414 | €6,414 | = | 0.0% |
| Amounts payable within one year | 42/48 | €82,009 | €106,430 | +€24,422 | +29.8% |
| Current portion of amounts payable after more than one year | 42 | €9,761 | €0 | -€9,761 | -100% |
| Financial debts | 43 | €1,735 | €1,184 | -€550 | -31.7% |
| Credit institutions | 430/8 | €1,735 | €1,184 | -€550 | -31.7% |
| Trade debts | 44 | €28,303 | €46,828 | +€18,525 | +65.5% |
| Suppliers | 440/4 | €28,303 | €46,828 | +€18,525 | +65.5% |
| Taxes, remuneration and social security | 45 | €22,087 | €24,973 | +€2,887 | +13.1% |
| Taxes | 450/3 | €21,997 | €24,884 | +€2,887 | +13.1% |
| Remuneration and social security | 454/9 | €89 | €89 | = | 0.0% |
| Other amounts payable | 47/48 | €20,123 | €33,444 | +€13,321 | +66.2% |
| Accrued charges and deferred income | 492/3 | €250 | €105 | -€145 | -58.2% |
| Turnover | 70 | - | €254,452 | +€254,452 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €258,266 | +€258,266 | |
| Remuneration, social security and pensions | 62 | €1,523 | €25 | -€1,498 | -98.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,843 | €10,934 | +€91 | +0.8% |
| Other operating charges | 640/8 | €929 | €519 | -€410 | -44.1% |
| Gross operating margin | 9900 | -€5,420 | -€2,134 | +€3,286 | +60.6% |
| Operating profit (loss) | 9901 | -€18,715 | -€13,612 | +€5,103 | +27.3% |
| Financial income | 75/76B | €9,847 | €113 | -€9,734 | -98.9% |
| Recurring financial income | 75 | €9,847 | €113 | -€9,734 | -98.9% |
| Financial charges | 65/66B | €2,505 | €1,152 | -€1,353 | -54.0% |
| Recurring financial charges | 65 | €2,505 | €1,152 | -€1,353 | -54.0% |
| Profit (loss) for the period before taxes | 9903 | -€11,373 | -€14,652 | -€3,279 | -28.8% |
| Profit (loss) for the period | 9904 | -€11,373 | -€14,652 | -€3,279 | -28.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,373 | -€14,652 | -€3,279 | -28.8% |
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.