KMO-Accelerator: 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.
KMO-Accelerator
Largest movements
- Receivables within one year -€54,936
down €54,936 (-8.0%), from €684,341 to €629,405
of which Trade receivables: -€381,993
- Tax, wage and social debts -€62,992
down €62,992 (-47.5%), from €132,747 to €69,755
of which Taxes: -€83,652
- Reserves +€30,207
up €30,207 (+6.1%), from €495,589 to €525,796
- Trade debts -€21,228
down €21,228 (-41.4%), from €51,268 to €30,040
- Gross operating margin -€127,299
down €127,299 (-42.2%), from €301,781 to €174,482
- Staff costs -€112,209
down €112,209 (-48.3%), from €232,188 to €119,979
- Financial income +€97,935
up €97,935 (+1,917%), from €5,108 to €103,043
- Taxes +€10,404
up €10,404 (+47.6%), from €21,877 to €32,281
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 | €703,203 | €649,358 | -€53,845 | -7.7% |
| Fixed assets | 21/28 | €8,401 | €8,684 | +€284 | +3.4% |
| Tangible fixed assets | 22/27 | €2,751 | €1,534 | -€1,216 | -44.2% |
| Furniture and vehicles | 24 | €2,751 | €1,534 | -€1,216 | -44.2% |
| Financial fixed assets | 28 | €5,650 | €7,150 | +€1,500 | +26.5% |
| Current assets | 29/58 | €694,803 | €640,674 | -€54,129 | -7.8% |
| Amounts receivable within one year | 40/41 | €684,341 | €629,405 | -€54,936 | -8.0% |
| Trade receivables | 40 | €383,178 | €1,185 | -€381,993 | -99.7% |
| Other amounts receivable | 41 | €301,163 | €628,221 | +€327,057 | +109% |
| Cash at bank and in hand | 54/58 | €488 | €5,570 | +€5,082 | +1,041% |
| Deferred charges and accrued income | 490/1 | €9,973 | €5,698 | -€4,275 | -42.9% |
| Total equity and liabilities | 10/49 | €703,203 | €649,358 | -€53,845 | -7.7% |
| Equity | 10/15 | €514,189 | €544,396 | +€30,207 | +5.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €495,589 | €525,796 | +€30,207 | +6.1% |
| Distributable reserves | 133 | €495,589 | €525,796 | +€30,207 | +6.1% |
| Amounts payable | 17/49 | €189,015 | €104,962 | -€84,052 | -44.5% |
| Amounts payable within one year | 42/48 | €189,015 | €104,795 | -€84,220 | -44.6% |
| Trade debts | 44 | €51,268 | €30,040 | -€21,228 | -41.4% |
| Suppliers | 440/4 | €51,268 | €30,040 | -€21,228 | -41.4% |
| Taxes, remuneration and social security | 45 | €132,747 | €69,755 | -€62,992 | -47.5% |
| Taxes | 450/3 | €113,400 | €29,748 | -€83,652 | -73.8% |
| Remuneration and social security | 454/9 | €19,347 | €40,006 | +€20,660 | +107% |
| Other amounts payable | 47/48 | €5,000 | €5,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | - | €168 | +€168 | |
| Remuneration, social security and pensions | 62 | €232,188 | €119,979 | -€112,209 | -48.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,190 | €2,199 | -€1,991 | -47.5% |
| Other operating charges | 640/8 | €5,163 | €4,728 | -€435 | -8.4% |
| Gross operating margin | 9900 | €301,781 | €174,482 | -€127,299 | -42.2% |
| Operating profit (loss) | 9901 | €60,239 | €47,576 | -€12,663 | -21.0% |
| Financial income | 75/76B | €5,108 | €103,043 | +€97,935 | +1,917% |
| Recurring financial income | 75 | €5,108 | €103,043 | +€97,935 | +1,917% |
| Financial charges | 65/66B | €720 | €523 | -€197 | -27.3% |
| Recurring financial charges | 65 | €720 | €523 | -€197 | -27.3% |
| Profit (loss) for the period before taxes | 9903 | €64,628 | €150,096 | +€85,468 | +132% |
| Income taxes | 67/77 | €21,877 | €32,281 | +€10,404 | +47.6% |
| Profit (loss) for the period | 9904 | €42,751 | €117,815 | +€75,064 | +176% |
| Profit (loss) for the period to be appropriated | 9905 | €42,751 | €117,815 | +€75,064 | +176% |
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.