KL Excellent: 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.
KL Excellent
Largest movements
- Tangible fixed assets -€127,382
down €127,382 (-99.5%), from €128,032 to €650
of which Land and buildings: -€127,296
- Cash +€30,934
up €30,934 (+538%), from €5,748 to €36,682
mainly Investment in fixed assets (net) (+€127,296) and Depreciation (+€87)
- Debts after one year -€73,300
no longer reported in 2024 (was €73,300)
- Reserves -€18,368
down €18,368 (-33.6%), from €54,734 to €36,366
- Profit (loss) carried forward +€11,948
no longer reported in 2024 (was -€11,948)
- Current portion of long-term debt -€10,609
no longer reported in 2024 (was €10,609)
- Trade debts -€2,858
no longer reported in 2024 (was €2,858)
- Depreciation -€3,943
down €3,943 (-97.8%), from €4,030 to €87
- Gross operating margin +€1,488
up €1,488 (+27.8%), from -€5,355 to -€3,866
- Financial charges -€136
down €136 (-9.6%), from €1,412 to €1,276
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 | €133,907 | €38,581 | -€95,327 | -71.2% |
| Fixed assets | 21/28 | €128,032 | €650 | -€127,382 | -99.5% |
| Tangible fixed assets | 22/27 | €128,032 | €650 | -€127,382 | -99.5% |
| Land and buildings | 22 | €127,296 | - | -€127,296 | |
| Plant, machinery and equipment | 23 | €736 | €650 | -€87 | -11.8% |
| Current assets | 29/58 | €5,876 | €37,931 | +€32,056 | +546% |
| Amounts receivable within one year | 40/41 | €127 | €1,249 | +€1,121 | +882% |
| Other amounts receivable | 41 | €127 | €1,249 | +€1,121 | +882% |
| Cash at bank and in hand | 54/58 | €5,748 | €36,682 | +€30,934 | +538% |
| Total equity and liabilities | 10/49 | €133,907 | €38,581 | -€95,327 | -71.2% |
| Equity | 10/15 | €42,886 | €36,466 | -€6,420 | -15.0% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €54,734 | €36,366 | -€18,368 | -33.6% |
| Distributable reserves | 133 | €54,734 | €36,366 | -€18,368 | -33.6% |
| Profit (loss) carried forward | 14 | -€11,948 | - | +€11,948 | |
| Amounts payable | 17/49 | €91,022 | €2,115 | -€88,907 | -97.7% |
| Amounts payable after more than one year | 17 | €73,300 | - | -€73,300 | |
| Financial debts | 170/4 | €73,300 | - | -€73,300 | |
| Amounts payable within one year | 42/48 | €17,021 | €2,115 | -€14,907 | -87.6% |
| Current portion of amounts payable after more than one year | 42 | €10,609 | - | -€10,609 | |
| Trade debts | 44 | €2,858 | - | -€2,858 | |
| Suppliers | 440/4 | €2,858 | - | -€2,858 | |
| Other amounts payable | 47/48 | €3,555 | €2,115 | -€1,440 | -40.5% |
| Accrued charges and deferred income | 492/3 | €700 | - | -€700 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,030 | €87 | -€3,943 | -97.8% |
| Other operating charges | 640/8 | €1,152 | €1,190 | +€39 | +3.3% |
| Gross operating margin | 9900 | -€5,355 | -€3,866 | +€1,488 | +27.8% |
| Operating profit (loss) | 9901 | -€10,536 | -€5,143 | +€5,393 | +51.2% |
| Financial charges | 65/66B | €1,412 | €1,276 | -€136 | -9.6% |
| Recurring financial charges | 65 | €1,412 | €1,276 | -€136 | -9.6% |
| Profit (loss) for the period before taxes | 9903 | -€11,948 | -€6,420 | +€5,529 | +46.3% |
| Profit (loss) for the period | 9904 | -€11,948 | -€6,420 | +€5,529 | +46.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,948 | -€6,420 | +€5,529 | +46.3% |
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 15 October 2026 via checked.be.