KEVIN: 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.
KEVIN
Largest movements
- Tangible fixed assets -€35,005
down €35,005 (-7.9%), from €442,176 to €407,171
of which Land and buildings: -€25,459
- Debts after one year -€26,376
down €26,376 (-14.5%), from €182,150 to €155,774
- Reserves -€17,024
down €17,024 (-4.1%), from €418,777 to €401,753
- Profit (loss) carried forward +€10,239
up €10,239 (+3.3%), from -€312,697 to -€302,457
- Provisions -€5,675
down €5,675 (-3.0%), from €186,549 to €180,874
- Gross operating margin +€30,868
up €30,868, from -€1,672 to €29,196
- Depreciation -€8,248
down €8,248 (-19.1%), from €43,253 to €35,005
- Other operating charges -€3,468
down €3,468 (-36.6%), from €9,475 to €6,007
- Financial income -€1,955
down €1,955 (-34.5%), from €5,659 to €3,704
- Financial charges -€1,852
down €1,852 (-29.9%), from €6,199 to €4,347
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 | €563,975 | €525,391 | -€38,584 | -6.8% |
| Fixed assets | 21/28 | €442,176 | €407,171 | -€35,005 | -7.9% |
| Tangible fixed assets | 22/27 | €442,176 | €407,171 | -€35,005 | -7.9% |
| Land and buildings | 22 | €408,852 | €383,392 | -€25,459 | -6.2% |
| Furniture and vehicles | 24 | €33,325 | €23,779 | -€9,546 | -28.6% |
| Current assets | 29/58 | €121,799 | €118,220 | -€3,579 | -2.9% |
| Amounts receivable within one year | 40/41 | €94,185 | €98,119 | +€3,934 | +4.2% |
| Other amounts receivable | 41 | €94,185 | €98,119 | +€3,934 | +4.2% |
| Cash at bank and in hand | 54/58 | €8,874 | €5,578 | -€3,296 | -37.1% |
| Deferred charges and accrued income | 490/1 | €18,740 | €14,522 | -€4,218 | -22.5% |
| Total equity and liabilities | 10/49 | €563,975 | €525,391 | -€38,584 | -6.8% |
| Equity | 10/15 | €168,080 | €161,296 | -€6,785 | -4.0% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €418,777 | €401,753 | -€17,024 | -4.1% |
| Tax-exempt reserves | 132 | €418,777 | €401,753 | -€17,024 | -4.1% |
| Profit (loss) carried forward | 14 | -€312,697 | -€302,457 | +€10,239 | +3.3% |
| Provisions and deferred taxes | 16 | €186,549 | €180,874 | -€5,675 | -3.0% |
| Deferred taxes | 168 | €186,549 | €180,874 | -€5,675 | -3.0% |
| Amounts payable | 17/49 | €209,346 | €183,221 | -€26,125 | -12.5% |
| Amounts payable after more than one year | 17 | €182,150 | €155,774 | -€26,376 | -14.5% |
| Financial debts | 170/4 | €182,150 | €155,774 | -€26,376 | -14.5% |
| Amounts payable within one year | 42/48 | €27,196 | €27,448 | +€251 | +0.9% |
| Current portion of amounts payable after more than one year | 42 | €26,376 | €26,376 | = | 0.0% |
| Trade debts | 44 | €140 | €391 | +€251 | +179.3% |
| Suppliers | 440/4 | €140 | €391 | +€251 | +179.3% |
| Other amounts payable | 47/48 | €680 | €680 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,253 | €35,005 | -€8,248 | -19.1% |
| Other operating charges | 640/8 | €9,475 | €6,007 | -€3,468 | -36.6% |
| Gross operating margin | 9900 | -€1,672 | €29,196 | +€30,868 | |
| Operating profit (loss) | 9901 | -€54,400 | -€11,817 | +€42,583 | +78.3% |
| Financial income | 75/76B | €5,659 | €3,704 | -€1,955 | -34.5% |
| Recurring financial income | 75 | €5,659 | €3,704 | -€1,955 | -34.5% |
| Financial charges | 65/66B | €6,199 | €4,347 | -€1,852 | -29.9% |
| Recurring financial charges | 65 | €6,199 | €4,347 | -€1,852 | -29.9% |
| Profit (loss) for the period before taxes | 9903 | -€54,940 | -€12,459 | +€42,480 | +77.3% |
| Transfer from deferred taxes | 780 | €5,675 | €5,675 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€49,265 | -€6,785 | +€42,480 | +86.2% |
| Transfer from tax-exempt reserves | 789 | €17,024 | €17,024 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€32,241 | €10,239 | +€42,480 |
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 29 September 2026 via checked.be.