KO GAND: 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.
KO GAND
Largest movements
- Tangible fixed assets -€61,052
down €61,052 (-8.7%), from €700,933 to €639,881
of which Plant, machinery and equipment: -€69,527
- Other debts +€390,848
up €390,848 (+122%), from €321,058 to €711,906
- Profit (loss) carried forward -€298,910
down €298,910 (-179%), from -€167,451 to -€466,361
- Debts after one year -€75,912
down €75,912 (-25.0%), from €303,977 to €228,064
- Trade debts -€72,162
down €72,162 (-41.1%), from €175,768 to €103,606
- Purchases and services +€347,501
new in 2024: €347,501
- Turnover +€306,851
new in 2024: €306,851
- Staff costs +€102,863
up €102,863 (+166%), from €62,109 to €164,971
- Depreciation +€45,575
up €45,575 (+154%), from €29,620 to €75,194
- Gross operating margin +€25,128
up €25,128 (+38.2%), from -€65,778 to -€40,650
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 | €734,824 | €683,324 | -€51,500 | -7.0% |
| Fixed assets | 21/28 | €700,933 | €639,881 | -€61,052 | -8.7% |
| Tangible fixed assets | 22/27 | €700,933 | €639,881 | -€61,052 | -8.7% |
| Plant, machinery and equipment | 23 | €700,933 | €631,406 | -€69,527 | -9.9% |
| Leasing and similar rights | 25 | - | €8,475 | +€8,475 | |
| Current assets | 29/58 | €33,890 | €43,443 | +€9,552 | +28.2% |
| Stocks and contracts in progress | 3 | €3,765 | €3,525 | -€240 | -6.4% |
| Stocks | 30/36 | €3,765 | €3,525 | -€240 | -6.4% |
| Amounts receivable within one year | 40/41 | €8,539 | €13,248 | +€4,709 | +55.1% |
| Trade receivables | 40 | €3,772 | €8,797 | +€5,025 | +133% |
| Other amounts receivable | 41 | €4,768 | €4,452 | -€316 | -6.6% |
| Current investments | 50/53 | - | €400 | +€400 | |
| Cash at bank and in hand | 54/58 | €19,731 | €24,874 | +€5,143 | +26.1% |
| Deferred charges and accrued income | 490/1 | €1,855 | €1,395 | -€460 | -24.8% |
| Total equity and liabilities | 10/49 | €734,824 | €683,324 | -€51,500 | -7.0% |
| Equity | 10/15 | -€147,451 | -€446,361 | -€298,910 | -203% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€167,451 | -€466,361 | -€298,910 | -179% |
| Amounts payable | 17/49 | €882,275 | €1,129,685 | +€247,410 | +28.0% |
| Amounts payable after more than one year | 17 | €303,977 | €228,064 | -€75,912 | -25.0% |
| Financial debts | 170/4 | €303,977 | €228,064 | -€75,912 | -25.0% |
| Amounts payable within one year | 42/48 | €578,298 | €901,621 | +€323,323 | +55.9% |
| Current portion of amounts payable after more than one year | 42 | €72,438 | €75,912 | +€3,475 | +4.8% |
| Trade debts | 44 | €175,768 | €103,606 | -€72,162 | -41.1% |
| Suppliers | 440/4 | €175,768 | €103,606 | -€72,162 | -41.1% |
| Advances received on contracts in progress | 46 | €553 | - | -€553 | |
| Taxes, remuneration and social security | 45 | €8,482 | €10,197 | +€1,715 | +20.2% |
| Taxes | 450/3 | €582 | - | -€582 | |
| Remuneration and social security | 454/9 | €7,899 | €10,197 | +€2,298 | +29.1% |
| Other amounts payable | 47/48 | €321,058 | €711,906 | +€390,848 | +122% |
| Turnover | 70 | - | €306,851 | +€306,851 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €347,501 | +€347,501 | |
| Remuneration, social security and pensions | 62 | €62,109 | €164,971 | +€102,863 | +166% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,620 | €75,194 | +€45,575 | +154% |
| Other operating charges | 640/8 | €500 | €690 | +€190 | +38.0% |
| Gross operating margin | 9900 | -€65,778 | -€40,650 | +€25,128 | +38.2% |
| Operating profit (loss) | 9901 | -€158,007 | -€281,506 | -€123,499 | -78.2% |
| Financial charges | 65/66B | €9,445 | €17,404 | +€7,959 | +84.3% |
| Recurring financial charges | 65 | €9,445 | €17,404 | +€7,959 | +84.3% |
| Profit (loss) for the period before taxes | 9903 | -€167,451 | -€298,910 | -€131,459 | -78.5% |
| Profit (loss) for the period | 9904 | -€167,451 | -€298,910 | -€131,459 | -78.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€167,451 | -€298,910 | -€131,459 | -78.5% |
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 25 October 2026 via checked.be.