KM PROJECT: 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.
KM PROJECT
Largest movements
- Stocks and contracts +€52,864
up €52,864 (+7.3%), from €719,403 to €772,267
- Cash -€35,272
down €35,272 (-96.7%), from €36,464 to €1,192
mainly Stocks and contracts (-€52,864) and Investment in fixed assets (net) (-€2,000)
- Other debts +€19,867
new in 2023: €19,867
- Taxes -€37,191
down €37,191 (-99.4%), from €37,407 to €216
- Financial charges -€29,100
no longer reported in 2023 (was €29,100)
of which Non-recurring financial charges: -€29,038
- Financial income +€17,500
new in 2023: €17,500
of which Financial income: +€17,500
- Gross operating margin +€17,009
up €17,009 (+54.0%), from -€31,487 to -€14,478
- Other operating charges +€487
up €487 (+32.0%), from €1,523 to €2,011
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €767,459 | €786,888 | +€19,429 | +2.5% |
| Fixed assets | 21/28 | €11,429 | €13,429 | +€2,000 | +17.5% |
| Tangible fixed assets | 22/27 | €11,429 | €13,429 | +€2,000 | +17.5% |
| Land and buildings | 22 | €679 | €679 | = | 0.0% |
| Plant, machinery and equipment | 23 | €1,827 | €3,827 | +€2,000 | +109% |
| Furniture and vehicles | 24 | €8,923 | €8,923 | = | 0.0% |
| Current assets | 29/58 | €756,030 | €773,459 | +€17,429 | +2.3% |
| Stocks and contracts in progress | 3 | €719,403 | €772,267 | +€52,864 | +7.3% |
| Stocks | 30/36 | €719,403 | €772,267 | +€52,864 | +7.3% |
| Amounts receivable within one year | 40/41 | €163 | - | -€163 | |
| Other amounts receivable | 41 | €163 | - | -€163 | |
| Cash at bank and in hand | 54/58 | €36,464 | €1,192 | -€35,272 | -96.7% |
| Total equity and liabilities | 10/49 | €767,459 | €786,888 | +€19,429 | +2.5% |
| Equity | 10/15 | €766,010 | €766,805 | +€796 | +0.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €169,928 | €169,928 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €168,068 | €168,068 | = | 0.0% |
| Profit (loss) carried forward | 14 | €589,881 | €590,677 | +€796 | +0.1% |
| Amounts payable | 17/49 | €1,449 | €20,082 | +€18,633 | +1,286% |
| Amounts payable within one year | 42/48 | €1,449 | €20,082 | +€18,633 | +1,286% |
| Trade debts | 44 | €157 | - | -€157 | |
| Suppliers | 440/4 | €157 | - | -€157 | |
| Taxes, remuneration and social security | 45 | €1,292 | €216 | -€1,076 | -83.3% |
| Taxes | 450/3 | €1,292 | €216 | -€1,076 | -83.3% |
| Other amounts payable | 47/48 | - | €19,867 | +€19,867 | |
| Other operating charges | 640/8 | €1,523 | €2,011 | +€487 | +32.0% |
| Gross operating margin | 9900 | -€31,487 | -€14,478 | +€17,009 | +54.0% |
| Operating profit (loss) | 9901 | -€33,010 | -€16,488 | +€16,522 | +50.1% |
| Financial income | 75/76B | - | €17,500 | +€17,500 | |
| Recurring financial income | 75 | - | €17,500 | +€17,500 | |
| Non-recurring financial income | 76B | - | €17,500 | +€17,500 | |
| Financial charges | 65/66B | €29,100 | - | -€29,100 | |
| Recurring financial charges | 65 | €62 | - | -€62 | |
| Non-recurring financial charges | 66B | €29,038 | - | -€29,038 | |
| Profit (loss) for the period before taxes | 9903 | -€62,110 | €1,012 | +€63,122 | |
| Income taxes | 67/77 | €37,407 | €216 | -€37,191 | -99.4% |
| Profit (loss) for the period | 9904 | -€99,517 | €796 | +€100,313 | |
| Profit (loss) for the period to be appropriated | 9905 | -€99,517 | €796 | +€100,313 |
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.