KESSLER: 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.
KESSLER
Largest movements
- Current investments -€61,825
down €61,825 (-48.6%), from €127,328 to €65,503
- Stocks and contracts +€31,291
up €31,291 (+15.6%), from €200,703 to €231,994
- Deferred charges and accrued income -€19,570
no longer reported in 2024 (was €19,570)
- Receivables within one year +€13,015
up €13,015 (+39.0%), from €33,393 to €46,408
of which Trade receivables: +€13,263
- Tangible fixed assets +€5,884
up €5,884 (+6.1%), from €96,717 to €102,602
of which Land and buildings: +€11,116
- Trade debts -€26,151
down €26,151 (-33.4%), from €78,273 to €52,122
- Short-term financial debts -€6,622
down €6,622 (-7.7%), from €86,306 to €79,685
- Tax, wage and social debts -€5,682
down €5,682 (-48.8%), from €11,646 to €5,964
- Profit (loss) carried forward +€5,079
up €5,079 (+14.0%), from -€36,307 to -€31,228
- Turnover -€2.8m
no longer reported in 2024 (was €2.8m)
- Purchases and services -€2.8m
no longer reported in 2024 (was €2.8m)
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €477,712 | €446,507 | -€31,205 | -6.5% |
| Fixed assets | 21/28 | €96,717 | €102,602 | +€5,884 | +6.1% |
| Tangible fixed assets | 22/27 | €96,717 | €102,602 | +€5,884 | +6.1% |
| Land and buildings | 22 | €69,852 | €80,968 | +€11,116 | +15.9% |
| Plant, machinery and equipment | 23 | - | €2,025 | +€2,025 | |
| Furniture and vehicles | 24 | €26,865 | €19,609 | -€7,257 | -27.0% |
| Current assets | 29/58 | €380,994 | €343,905 | -€37,089 | -9.7% |
| Stocks and contracts in progress | 3 | €200,703 | €231,994 | +€31,291 | +15.6% |
| Stocks | 30/36 | €200,703 | €231,994 | +€31,291 | +15.6% |
| Amounts receivable within one year | 40/41 | €33,393 | €46,408 | +€13,015 | +39.0% |
| Trade receivables | 40 | €33,145 | €46,408 | +€13,263 | +40.0% |
| Other amounts receivable | 41 | €248 | - | -€248 | |
| Current investments | 50/53 | €127,328 | €65,503 | -€61,825 | -48.6% |
| Deferred charges and accrued income | 490/1 | €19,570 | - | -€19,570 | |
| Total equity and liabilities | 10/49 | €477,712 | €446,507 | -€31,205 | -6.5% |
| Equity | 10/15 | €261,661 | €266,740 | +€5,079 | +1.9% |
| Contributions | 10/11 | €297,968 | €297,968 | = | 0.0% |
| Capital | 10 | €297,968 | €297,968 | = | 0.0% |
| Issued capital | 100 | €297,968 | €297,968 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€36,307 | -€31,228 | +€5,079 | +14.0% |
| Amounts payable | 17/49 | €216,051 | €179,767 | -€36,284 | -16.8% |
| Amounts payable within one year | 42/48 | €216,051 | €179,767 | -€36,284 | -16.8% |
| Current portion of amounts payable after more than one year | 42 | - | €2,171 | +€2,171 | |
| Financial debts | 43 | €86,306 | €79,685 | -€6,622 | -7.7% |
| Credit institutions | 430/8 | €86,306 | €79,685 | -€6,622 | -7.7% |
| Trade debts | 44 | €78,273 | €52,122 | -€26,151 | -33.4% |
| Suppliers | 440/4 | €78,273 | €52,122 | -€26,151 | -33.4% |
| Taxes, remuneration and social security | 45 | €11,646 | €5,964 | -€5,682 | -48.8% |
| Remuneration and social security | 454/9 | €11,646 | €5,964 | -€5,682 | -48.8% |
| Other amounts payable | 47/48 | €39,825 | €39,825 | = | 0.0% |
| Turnover | 70 | €2,842,358 | - | -€2.8m | |
| Goods, raw materials, services and sundry goods | 60/61 | €2,798,562 | - | -€2.8m | |
| Remuneration, social security and pensions | 62 | €12,926 | €12,264 | -€662 | -5.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,969 | €8,085 | -€1,884 | -18.9% |
| Other operating charges | 640/8 | €5,674 | €6,363 | +€689 | +12.1% |
| Gross operating margin | 9900 | €43,796 | €47,933 | +€4,137 | +9.4% |
| Operating profit (loss) | 9901 | €15,227 | €21,221 | +€5,994 | +39.4% |
| Financial income | 75/76B | - | €694 | +€694 | |
| Recurring financial income | 75 | - | €694 | +€694 | |
| Financial charges | 65/66B | €9,154 | €8,087 | -€1,066 | -11.6% |
| Recurring financial charges | 65 | €9,154 | €8,087 | -€1,066 | -11.6% |
| Profit (loss) for the period before taxes | 9903 | €6,073 | €13,828 | +€7,755 | +127.7% |
| Income taxes | 67/77 | €2,572 | €8,749 | +€6,177 | +240.1% |
| Profit (loss) for the period | 9904 | €3,501 | €5,079 | +€1,578 | +45.1% |
| Profit (loss) for the period to be appropriated | 9905 | €3,501 | €5,079 | +€1,578 | +45.1% |
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 3 October 2026 via checked.be.