KM COMPETITION: 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.
KM COMPETITION
Largest movements
- Receivables within one year -€141,156
down €141,156 (-80.7%), from €174,838 to €33,681
of which Trade receivables: -€122,375
- Tangible fixed assets -€58,248
down €58,248 (-16.2%), from €359,691 to €301,442
of which Plant, machinery and equipment: -€29,245
- Deferred charges and accrued income +€47,219
up €47,219 (+391.9%), from €12,049 to €59,268
- Profit (loss) carried forward -€1.0m
down €1.0m (-73.1%), from -€1.4m to -€2.4m
- Other debts +€908,555
up €908,555 (+51.2%), from €1.8m to €2.7m
- Trade debts -€34,256
down €34,256 (-56.7%), from €60,448 to €26,192
- Debts after one year -€22,550
down €22,550 (-42.7%), from €52,785 to €30,235
- Tax, wage and social debts +€6,426
up €6,426 (+306.3%), from €2,098 to €8,524
- Gross operating margin +€484,286
up €484,286 (+39.0%), from -€1.2m to -€757,544
- Purchases and services -€443,090
down €443,090 (-31.0%), from €1.4m to €988,261
- Turnover +€102,977
up €102,977 (+771.8%), from €13,342 to €116,319
- Staff costs +€48,883
up €48,883 (+1261.0%), from €3,876 to €52,759
- Financial charges +€43,739
up €43,739 (+55.3%), from €79,087 to €122,826
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 | €557,586 | €403,844 | -€153,742 | -27.6% |
| Fixed assets | 21/28 | €360,291 | €302,042 | -€58,248 | -16.2% |
| Tangible fixed assets | 22/27 | €359,691 | €301,442 | -€58,248 | -16.2% |
| Plant, machinery and equipment | 23 | €132,698 | €103,453 | -€29,245 | -22.0% |
| Furniture and vehicles | 24 | €123,470 | €115,171 | -€8,299 | -6.7% |
| Leasing and similar rights | 25 | €103,523 | €82,818 | -€20,705 | -20.0% |
| Financial fixed assets | 28 | €600 | €600 | = | 0.0% |
| Current assets | 29/58 | €197,295 | €101,801 | -€95,494 | -48.4% |
| Amounts receivable within one year | 40/41 | €174,838 | €33,681 | -€141,156 | -80.7% |
| Trade receivables | 40 | €153,955 | €31,581 | -€122,375 | -79.5% |
| Other amounts receivable | 41 | €20,882 | €2,101 | -€18,781 | -89.9% |
| Cash at bank and in hand | 54/58 | €10,408 | €8,852 | -€1,557 | -15.0% |
| Deferred charges and accrued income | 490/1 | €12,049 | €59,268 | +€47,219 | +391.9% |
| Total equity and liabilities | 10/49 | €557,586 | €403,844 | -€153,742 | -27.6% |
| Equity | 10/15 | -€1,356,413 | -€2,365,330 | -€1.0m | -74.4% |
| Contributions | 10/11 | €24,600 | €24,600 | = | 0.0% |
| Capital | 10 | €24,600 | €24,600 | = | 0.0% |
| Issued capital | 100 | €24,600 | €61,500 | +€36,900 | +150.0% |
| Uncalled capital | 101 | - | €36,900 | +€36,900 | |
| Profit (loss) carried forward | 14 | -€1,381,013 | -€2,389,930 | -€1.0m | -73.1% |
| Amounts payable | 17/49 | €1,913,998 | €2,769,174 | +€855,175 | +44.7% |
| Amounts payable after more than one year | 17 | €52,785 | €30,235 | -€22,550 | -42.7% |
| Financial debts | 170/4 | €52,785 | €30,235 | -€22,550 | -42.7% |
| Amounts payable within one year | 42/48 | €1,858,213 | €2,738,938 | +€880,725 | +47.4% |
| Current portion of amounts payable after more than one year | 42 | €22,550 | €22,550 | = | 0.0% |
| Trade debts | 44 | €60,448 | €26,192 | -€34,256 | -56.7% |
| Suppliers | 440/4 | €60,448 | €26,192 | -€34,256 | -56.7% |
| Taxes, remuneration and social security | 45 | €2,098 | €8,524 | +€6,426 | +306.3% |
| Remuneration and social security | 454/9 | €2,098 | €8,524 | +€6,426 | +306.3% |
| Other amounts payable | 47/48 | €1,773,117 | €2,681,671 | +€908,555 | +51.2% |
| Accrued charges and deferred income | 492/3 | €3,000 | - | -€3,000 | |
| Turnover | 70 | €13,342 | €116,319 | +€102,977 | +771.8% |
| Goods, raw materials, services and sundry goods | 60/61 | €1,431,352 | €988,261 | -€443,090 | -31.0% |
| Remuneration, social security and pensions | 62 | €3,876 | €52,759 | +€48,883 | +1261.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,736 | €75,042 | +€30,306 | +67.7% |
| Other operating charges | 640/8 | €11,501 | €919 | -€10,582 | -92.0% |
| Gross operating margin | 9900 | -€1,241,830 | -€757,544 | +€484,286 | +39.0% |
| Operating profit (loss) | 9901 | -€1,301,944 | -€886,264 | +€415,680 | +31.9% |
| Financial income | 75/76B | €19 | €173 | +€154 | +821.4% |
| Recurring financial income | 75 | €19 | €173 | +€154 | +821.4% |
| Financial charges | 65/66B | €79,087 | €122,826 | +€43,739 | +55.3% |
| Recurring financial charges | 65 | €79,087 | €122,826 | +€43,739 | +55.3% |
| Profit (loss) for the period before taxes | 9903 | -€1,381,013 | -€1,008,917 | +€372,095 | +26.9% |
| Profit (loss) for the period | 9904 | -€1,381,013 | -€1,008,917 | +€372,095 | +26.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,381,013 | -€1,008,917 | +€372,095 | +26.9% |
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 7 October 2026 via checked.be.