KGN DESIGN: 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.
KGN DESIGN
Largest movements
- Cash -€24,206
down €24,206 (-27.4%), from €88,433 to €64,228
mainly Contributions, distributions and other (-€18,549) and Investment in fixed assets (net) (-€6,307)
- Tangible fixed assets +€3,738
up €3,738 (+431.5%), from €866 to €4,604
- Contributions -€18,549
down €18,549 (-100.0%), from €18,550 to €1
- Tax, wage and social debts -€6,123
down €6,123 (-30.6%), from €19,989 to €13,866
of which Taxes: -€6,123
- Profit (loss) carried forward +€2,765
up €2,765 (+5.4%), from €51,399 to €54,164
- Trade debts +€2,545
up €2,545 (+40.5%), from €6,278 to €8,824
- Gross operating margin -€2,840
down €2,840 (-24.5%), from €11,595 to €8,755
- Taxes +€2,529
new in 2024: €2,529
- Financial charges -€2,481
down €2,481 (-89.2%), from €2,782 to €301
- Depreciation +€1,845
up €1,845 (+254.7%), from €724 to €2,569
- Other operating charges -€147
down €147 (-19.9%), from €738 to €591
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 | €98,631 | €78,786 | -€19,844 | -20.1% |
| Fixed assets | 21/28 | €866 | €4,604 | +€3,738 | +431.5% |
| Tangible fixed assets | 22/27 | €866 | €4,604 | +€3,738 | +431.5% |
| Furniture and vehicles | 24 | €866 | €4,604 | +€3,738 | +431.5% |
| Current assets | 29/58 | €97,764 | €74,182 | -€23,582 | -24.1% |
| Amounts receivable within one year | 40/41 | €9,331 | €9,769 | +€438 | +4.7% |
| Trade receivables | 40 | €9,331 | €9,769 | +€438 | +4.7% |
| Cash at bank and in hand | 54/58 | €88,433 | €64,228 | -€24,206 | -27.4% |
| Deferred charges and accrued income | 490/1 | - | €185 | +€185 | |
| Total equity and liabilities | 10/49 | €98,631 | €78,786 | -€19,844 | -20.1% |
| Equity | 10/15 | €69,949 | €54,165 | -€15,784 | -22.6% |
| Contributions | 10/11 | €18,550 | €1 | -€18,549 | -100.0% |
| Profit (loss) carried forward | 14 | €51,399 | €54,164 | +€2,765 | +5.4% |
| Amounts payable | 17/49 | €28,682 | €24,621 | -€4,061 | -14.2% |
| Amounts payable within one year | 42/48 | €28,658 | €24,621 | -€4,037 | -14.1% |
| Trade debts | 44 | €6,278 | €8,824 | +€2,545 | +40.5% |
| Suppliers | 440/4 | €6,278 | €8,824 | +€2,545 | +40.5% |
| Taxes, remuneration and social security | 45 | €19,989 | €13,866 | -€6,123 | -30.6% |
| Taxes | 450/3 | €15,989 | €9,866 | -€6,123 | -38.3% |
| Remuneration and social security | 454/9 | €4,000 | €4,000 | = | 0.0% |
| Other amounts payable | 47/48 | €2,390 | €1,932 | -€459 | -19.2% |
| Accrued charges and deferred income | 492/3 | €24 | - | -€24 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €724 | €2,569 | +€1,845 | +254.7% |
| Other operating charges | 640/8 | €738 | €591 | -€147 | -19.9% |
| Gross operating margin | 9900 | €11,595 | €8,755 | -€2,840 | -24.5% |
| Operating profit (loss) | 9901 | €10,133 | €5,595 | -€4,538 | -44.8% |
| Financial charges | 65/66B | €2,782 | €301 | -€2,481 | -89.2% |
| Recurring financial charges | 65 | €2,782 | €301 | -€2,481 | -89.2% |
| Profit (loss) for the period before taxes | 9903 | €7,351 | €5,294 | -€2,057 | -28.0% |
| Income taxes | 67/77 | - | €2,529 | +€2,529 | |
| Profit (loss) for the period | 9904 | €7,351 | €2,765 | -€4,586 | -62.4% |
| Profit (loss) for the period to be appropriated | 9905 | €7,351 | €2,765 | -€4,586 | -62.4% |
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 9 October 2026 via checked.be.