KO IXELLES: 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 IXELLES
Largest movements
- Receivables within one year -€153,273
down €153,273 (-31.8%), from €482,451 to €329,178
of which Other amounts receivable: -€148,619
- Tangible fixed assets -€60,323
no longer reported in 2024 (was €60,323)
of which Plant, machinery and equipment: -€51,605
- Cash -€17,184
down €17,184 (-87.5%), from €19,640 to €2,455
mainly Contributions, distributions and other (-€175,343) and Other debts (-€116,538)
- Other debts -€116,538
down €116,538 (-39.9%), from €291,881 to €175,343
- Trade debts -€95,060
down €95,060 (-94.5%), from €100,551 to €5,491
- Advances received -€31,111
no longer reported in 2024 (was €31,111)
- Tax, wage and social debts +€11,517
up €11,517 (+9.7%), from €118,888 to €130,404
of which Taxes: +€28,317
- Turnover +€671,515
new in 2024: €671,515
- Gross operating margin -€226,209
down €226,209 (-32.9%), from €686,587 to €460,378
- Purchases and services +€211,137
new in 2024: €211,137
- Staff costs -€68,158
down €68,158 (-26.9%), from €253,806 to €185,649
- Depreciation -€44,395
no longer reported in 2024 (was €44,395)
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 | €567,385 | €332,955 | -€234,429 | -41.3% |
| Fixed assets | 21/28 | €60,323 | - | -€60,323 | |
| Tangible fixed assets | 22/27 | €60,323 | - | -€60,323 | |
| Plant, machinery and equipment | 23 | €51,605 | - | -€51,605 | |
| Leasing and similar rights | 25 | €8,718 | - | -€8,718 | |
| Current assets | 29/58 | €507,062 | €332,955 | -€174,107 | -34.3% |
| Stocks and contracts in progress | 3 | €3,305 | - | -€3,305 | |
| Stocks | 30/36 | €3,305 | - | -€3,305 | |
| Amounts receivable within one year | 40/41 | €482,451 | €329,178 | -€153,273 | -31.8% |
| Trade receivables | 40 | €11,351 | €6,697 | -€4,654 | -41.0% |
| Other amounts receivable | 41 | €471,100 | €322,481 | -€148,619 | -31.5% |
| Cash at bank and in hand | 54/58 | €19,640 | €2,455 | -€17,184 | -87.5% |
| Deferred charges and accrued income | 490/1 | €1,665 | €1,322 | -€343 | -20.6% |
| Total equity and liabilities | 10/49 | €567,385 | €332,955 | -€234,429 | -41.3% |
| Equity | 10/15 | €20,000 | €20,000 | = | 0.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Amounts payable | 17/49 | €547,385 | €312,955 | -€234,429 | -42.8% |
| Amounts payable within one year | 42/48 | €542,431 | €311,238 | -€231,193 | -42.6% |
| Trade debts | 44 | €100,551 | €5,491 | -€95,060 | -94.5% |
| Suppliers | 440/4 | €100,551 | €5,491 | -€95,060 | -94.5% |
| Advances received on contracts in progress | 46 | €31,111 | - | -€31,111 | |
| Taxes, remuneration and social security | 45 | €118,888 | €130,404 | +€11,517 | +9.7% |
| Taxes | 450/3 | €102,087 | €130,404 | +€28,317 | +27.7% |
| Remuneration and social security | 454/9 | €16,800 | - | -€16,800 | |
| Other amounts payable | 47/48 | €291,881 | €175,343 | -€116,538 | -39.9% |
| Accrued charges and deferred income | 492/3 | €4,954 | €1,717 | -€3,236 | -65.3% |
| Turnover | 70 | - | €671,515 | +€671,515 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €211,137 | +€211,137 | |
| Remuneration, social security and pensions | 62 | €253,806 | €185,649 | -€68,158 | -26.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,395 | - | -€44,395 | |
| Other operating charges | 640/8 | €200 | €190 | -€10 | -5.0% |
| Non-recurring operating charges | 66A | - | €39,714 | +€39,714 | |
| Gross operating margin | 9900 | €686,587 | €460,378 | -€226,209 | -32.9% |
| Operating profit (loss) | 9901 | €388,186 | €234,826 | -€153,360 | -39.5% |
| Financial income | 75/76B | €23 | €12 | -€11 | -47.8% |
| Recurring financial income | 75 | €23 | €12 | -€11 | -47.8% |
| Financial charges | 65/66B | €143 | €278 | +€136 | +95.2% |
| Recurring financial charges | 65 | €143 | €278 | +€136 | +95.2% |
| Profit (loss) for the period before taxes | 9903 | €388,067 | €234,560 | -€153,507 | -39.6% |
| Income taxes | 67/77 | €96,188 | €59,217 | -€36,971 | -38.4% |
| Profit (loss) for the period | 9904 | €291,879 | €175,343 | -€116,536 | -39.9% |
| Profit (loss) for the period to be appropriated | 9905 | €291,879 | €175,343 | -€116,536 | -39.9% |
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 23 October 2026 via checked.be.