KG: 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.
KG
Largest movements
- Tangible fixed assets +€48,264
up €48,264 (+402.7%), from €11,984 to €60,247
of which Furniture and vehicles: +€46,429
- Receivables within one year +€13,924
up €13,924 (+15.1%), from €92,455 to €106,378
of which Other amounts receivable: +€23,057
- Cash +€5,622
up €5,622 (+36.9%), from €15,230 to €20,852
mainly Debts after one year (+€70,279) and Depreciation (+€18,639)
- Debts after one year +€70,279
new in 2024: €70,279
- Other debts -€7,591
no longer reported in 2024 (was €7,591)
- Current portion of long-term debt +€5,159
up €5,159 (+271.4%), from €1,901 to €7,060
- Reserves +€4,114
up €4,114 (+10.1%), from €40,842 to €44,956
- Trade debts -€3,452
down €3,452 (-11.5%), from €29,938 to €26,485
- Gross operating margin +€15,420
up €15,420 (+96.5%), from €15,976 to €31,395
- Depreciation +€12,001
up €12,001 (+180.8%), from €6,638 to €18,639
- Financial charges +€3,886
up €3,886 (+994.0%), from €391 to €4,277
- Other operating charges +€1,515
up €1,515 (+151.1%), from €1,002 to €2,517
- Financial income +€1,233
up €1,233 (+3163.2%), from €39 to €1,272
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 | €123,703 | €190,614 | +€66,912 | +54.1% |
| Fixed assets | 21/28 | €11,984 | €60,247 | +€48,264 | +402.7% |
| Tangible fixed assets | 22/27 | €11,984 | €60,247 | +€48,264 | +402.7% |
| Plant, machinery and equipment | 23 | €1,952 | €3,786 | +€1,834 | +94.0% |
| Furniture and vehicles | 24 | €10,032 | €56,461 | +€46,429 | +462.8% |
| Current assets | 29/58 | €111,719 | €130,367 | +€18,648 | +16.7% |
| Amounts receivable within one year | 40/41 | €92,455 | €106,378 | +€13,924 | +15.1% |
| Trade receivables | 40 | €80,678 | €71,545 | -€9,133 | -11.3% |
| Other amounts receivable | 41 | €11,777 | €34,834 | +€23,057 | +195.8% |
| Cash at bank and in hand | 54/58 | €15,230 | €20,852 | +€5,622 | +36.9% |
| Deferred charges and accrued income | 490/1 | €4,035 | €3,137 | -€898 | -22.3% |
| Total equity and liabilities | 10/49 | €123,703 | €190,614 | +€66,912 | +54.1% |
| Equity | 10/15 | €80,541 | €84,655 | +€4,114 | +5.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €40,842 | €44,956 | +€4,114 | +10.1% |
| Distributable reserves | 133 | €40,842 | €44,956 | +€4,114 | +10.1% |
| Profit (loss) carried forward | 14 | €27,299 | €27,299 | = | 0.0% |
| Amounts payable | 17/49 | €43,161 | €105,959 | +€62,798 | +145.5% |
| Amounts payable after more than one year | 17 | - | €70,279 | +€70,279 | |
| Financial debts | 170/4 | - | €70,279 | +€70,279 | |
| Amounts payable within one year | 42/48 | €43,161 | €35,680 | -€7,481 | -17.3% |
| Current portion of amounts payable after more than one year | 42 | €1,901 | €7,060 | +€5,159 | +271.4% |
| Financial debts | 43 | - | €189 | +€189 | |
| Credit institutions | 430/8 | - | €189 | +€189 | |
| Trade debts | 44 | €29,938 | €26,485 | -€3,452 | -11.5% |
| Suppliers | 440/4 | €29,938 | €26,485 | -€3,452 | -11.5% |
| Taxes, remuneration and social security | 45 | €3,732 | €1,946 | -€1,787 | -47.9% |
| Taxes | 450/3 | €3,732 | €1,946 | -€1,787 | -47.9% |
| Other amounts payable | 47/48 | €7,591 | - | -€7,591 | |
| Remuneration, social security and pensions | 62 | €2,092 | €1,440 | -€652 | -31.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,638 | €18,639 | +€12,001 | +180.8% |
| Other operating charges | 640/8 | €1,002 | €2,517 | +€1,515 | +151.1% |
| Gross operating margin | 9900 | €15,976 | €31,395 | +€15,420 | +96.5% |
| Operating profit (loss) | 9901 | €6,244 | €8,799 | +€2,556 | +40.9% |
| Financial income | 75/76B | €39 | €1,272 | +€1,233 | +3163.2% |
| Recurring financial income | 75 | €39 | €1,272 | +€1,233 | +3163.2% |
| Financial charges | 65/66B | €391 | €4,277 | +€3,886 | +994.0% |
| Recurring financial charges | 65 | €391 | €4,277 | +€3,886 | +994.0% |
| Profit (loss) for the period before taxes | 9903 | €5,892 | €5,794 | -€97 | -1.7% |
| Income taxes | 67/77 | €1,843 | €1,680 | -€162 | -8.8% |
| Profit (loss) for the period | 9904 | €4,049 | €4,114 | +€65 | +1.6% |
| Profit (loss) for the period to be appropriated | 9905 | €4,049 | €4,114 | +€65 | +1.6% |
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 11 October 2026 via checked.be.