KID ONLY: 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.
KID ONLY
Largest movements
- Tangible fixed assets +€524,318
up €524,318 (+132%), from €396,682 to €921,000
of which Land and buildings: +€416,096
- Receivables within one year +€125,383
up €125,383 (+58.5%), from €214,293 to €339,676
of which Other amounts receivable: +€86,340
- Debts after one year +€475,853
up €475,853 (+233%), from €204,584 to €680,437
of which Financial debts: +€477,638
- Current portion of long-term debt +€99,162
up €99,162 (+283,320%), from €35 to €99,197
- Profit (loss) carried forward +€92,447
up €92,447 (+36.4%), from €253,673 to €346,120
- Reserves -€43,491
down €43,491 (-12.9%), from €336,365 to €292,874
of which Distributable reserves: -€43,491
- Tax, wage and social debts +€28,781
up €28,781 (+80.1%), from €35,950 to €64,731
of which Remuneration and social security: +€51,160
- Staff costs +€130,029
up €130,029 (+23.0%), from €564,187 to €694,216
- Depreciation +€74,520
up €74,520 (+155%), from €48,162 to €122,682
- Taxes -€51,706
down €51,706 (-65.2%), from €79,348 to €27,642
- Gross operating margin +€47,135
up €47,135 (+5.0%), from €935,419 to €982,554
- Financial charges +€19,223
up €19,223 (+428%), from €4,493 to €23,716
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 | €836,807 | €1,489,632 | +€652,825 | +78.0% |
| Fixed assets | 21/28 | €396,682 | €921,000 | +€524,318 | +132% |
| Tangible fixed assets | 22/27 | €396,682 | €921,000 | +€524,318 | +132% |
| Land and buildings | 22 | - | €416,096 | +€416,096 | |
| Furniture and vehicles | 24 | €22,136 | €59,170 | +€37,034 | +167% |
| Other tangible fixed assets | 26 | €374,546 | €445,734 | +€71,188 | +19.0% |
| Current assets | 29/58 | €440,125 | €568,632 | +€128,507 | +29.2% |
| Amounts receivable within one year | 40/41 | €214,293 | €339,676 | +€125,383 | +58.5% |
| Trade receivables | 40 | €198,903 | €237,946 | +€39,043 | +19.6% |
| Other amounts receivable | 41 | €15,390 | €101,730 | +€86,340 | +561% |
| Cash at bank and in hand | 54/58 | €219,035 | €226,838 | +€7,803 | +3.6% |
| Deferred charges and accrued income | 490/1 | €6,797 | €2,118 | -€4,679 | -68.8% |
| Total equity and liabilities | 10/49 | €836,807 | €1,489,632 | +€652,825 | +78.0% |
| Equity | 10/15 | €596,238 | €645,194 | +€48,956 | +8.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Capital | 10 | €6,200 | €6,200 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €336,365 | €292,874 | -€43,491 | -12.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €334,505 | €291,014 | -€43,491 | -13.0% |
| Profit (loss) carried forward | 14 | €253,673 | €346,120 | +€92,447 | +36.4% |
| Amounts payable | 17/49 | €240,569 | €844,439 | +€603,870 | +251% |
| Amounts payable after more than one year | 17 | €204,584 | €680,437 | +€475,853 | +233% |
| Financial debts | 170/4 | €85,319 | €562,957 | +€477,638 | +560% |
| Other amounts payable | 178/9 | €119,265 | €117,480 | -€1,785 | -1.5% |
| Amounts payable within one year | 42/48 | €35,985 | €163,928 | +€127,943 | +356% |
| Current portion of amounts payable after more than one year | 42 | €35 | €99,197 | +€99,162 | +283,320% |
| Trade debts | 44 | - | €0 | = | |
| Suppliers | 440/4 | - | €0 | = | |
| Taxes, remuneration and social security | 45 | €35,950 | €64,731 | +€28,781 | +80.1% |
| Taxes | 450/3 | €24,375 | €1,996 | -€22,379 | -91.8% |
| Remuneration and social security | 454/9 | €11,575 | €62,735 | +€51,160 | +442% |
| Accrued charges and deferred income | 492/3 | - | €73 | +€73 | |
| Non-recurring operating income | 76A | €99 | €77 | -€22 | -22.5% |
| Remuneration, social security and pensions | 62 | €564,187 | €694,216 | +€130,029 | +23.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,162 | €122,682 | +€74,520 | +155% |
| Other operating charges | 640/8 | €13,656 | €23,864 | +€10,208 | +74.7% |
| Gross operating margin | 9900 | €935,419 | €982,554 | +€47,135 | +5.0% |
| Operating profit (loss) | 9901 | €309,414 | €141,792 | -€167,622 | -54.2% |
| Financial income | 75/76B | €309 | €2,012 | +€1,703 | +551% |
| Recurring financial income | 75 | €309 | €2,012 | +€1,703 | +551% |
| Financial charges | 65/66B | €4,493 | €23,716 | +€19,223 | +428% |
| Recurring financial charges | 65 | €4,493 | €23,716 | +€19,223 | +428% |
| Profit (loss) for the period before taxes | 9903 | €305,230 | €120,089 | -€185,141 | -60.7% |
| Income taxes | 67/77 | €79,348 | €27,642 | -€51,706 | -65.2% |
| Profit (loss) for the period | 9904 | €225,882 | €92,446 | -€133,436 | -59.1% |
| Profit (loss) for the period to be appropriated | 9905 | €225,882 | €92,446 | -€133,436 | -59.1% |
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 17 October 2026 via checked.be.