Kelvin: 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.
Kelvin
Largest movements
- Cash +€81,189
up €81,189 (+65.0%), from €124,953 to €206,142
mainly Net result for the year (+€60,593) and Trade debts (+€20,323)
- Profit (loss) carried forward +€60,593
up €60,593 (+62.6%), from €96,793 to €157,386
- Trade debts +€20,323
up €20,323 (+3,038%), from €669 to €20,992
- Gross operating margin -€19,554
down €19,554 (-18.8%), from €104,244 to €84,690
- Taxes +€2,328
up €2,328 (+11.1%), from €20,992 to €23,320
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 | €124,953 | €206,142 | +€81,189 | +65.0% |
| Current assets | 29/58 | €124,953 | €206,142 | +€81,189 | +65.0% |
| Cash at bank and in hand | 54/58 | €124,953 | €206,142 | +€81,189 | +65.0% |
| Total equity and liabilities | 10/49 | €124,953 | €206,142 | +€81,189 | +65.0% |
| Equity | 10/15 | €99,293 | €159,886 | +€60,593 | +61.0% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €96,793 | €157,386 | +€60,593 | +62.6% |
| Amounts payable | 17/49 | €25,660 | €46,256 | +€20,596 | +80.3% |
| Amounts payable within one year | 42/48 | €25,660 | €46,256 | +€20,596 | +80.3% |
| Trade debts | 44 | €669 | €20,992 | +€20,323 | +3,038% |
| Suppliers | 440/4 | €669 | €20,992 | +€20,323 | +3,038% |
| Taxes, remuneration and social security | 45 | €24,991 | €25,264 | +€273 | +1.1% |
| Taxes | 450/3 | €20,991 | €25,264 | +€4,273 | +20.4% |
| Remuneration and social security | 454/9 | €4,000 | - | -€4,000 | |
| Other operating charges | 640/8 | €974 | €776 | -€198 | -20.3% |
| Gross operating margin | 9900 | €104,244 | €84,690 | -€19,554 | -18.8% |
| Operating profit (loss) | 9901 | €103,270 | €83,914 | -€19,356 | -18.7% |
| Financial charges | 65/66B | - | €1 | +€1 | |
| Recurring financial charges | 65 | - | €1 | +€1 | |
| Profit (loss) for the period before taxes | 9903 | €103,270 | €83,913 | -€19,357 | -18.7% |
| Income taxes | 67/77 | €20,992 | €23,320 | +€2,328 | +11.1% |
| Profit (loss) for the period | 9904 | €82,278 | €60,593 | -€21,685 | -26.4% |
| Profit (loss) for the period to be appropriated | 9905 | €82,278 | €60,593 | -€21,685 | -26.4% |
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 14 October 2026 via checked.be.