KRINGLOOPCENTRUM KUST: 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.
What changed
KRINGLOOPCENTRUM KUST
NACE 47.792, Retail sale of second-hand clothing
fiscal year 2023 against 2024filed annual accounts (NBB)
Net result for the year
€186,714
2023 · €200,183-€13,468
Equity
€967,637
2023 · €569,259+€398,378
Cash
€373,549
2023 · €293,651+€79,898
Balance sheet total
€2.6m
2023 · €2.3m+€317,531
Largest movements
Assets
- Tangible fixed assets +€193,779
up €193,779 (+14.4%), from €1.3m to €1.5m
of which Land and buildings: +€173,635
- Current investments +€100,000
new in 2024: €100,000
- Receivables within one year -€81,362
down €81,362 (-34.3%), from €236,998 to €155,635
of which Other amounts receivable: -€88,402
- Cash +€79,898
up €79,898 (+27.2%), from €293,651 to €373,549
mainly Contributions, distributions and other (+€211,664) and Net result for the year (+€186,714)
Equity and liabilities
- Equity +€398,378
up €398,378 (+70.0%), from €569,259 to €967,637
- Debts after one year -€128,926
down €128,926 (-13.5%), from €953,059 to €824,132
- Accrued charges and deferred income +€32,520
up €32,520 (+514.8%), from €6,317 to €38,837
Income statement
- Staff costs +€190,553
up €190,553 (+7.6%), from €2.5m to €2.7m
- Gross operating margin +€174,661
up €174,661 (+6.1%), from €2.9m to €3.1m
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.
Result 2023
€200,183
Gross operating margin
+€174,661
Staff costs
-€190,553
Depreciation
+€2,817
Other operating charges
+€1,672
Financial income
+€3,706
Financial charges
-€5,753
Taxes
-€18
Result 2024
€186,714
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.
From operations
+€413,137
Investment
-€415,976
Financing
+€82,738
Cash 2023
€293,651
From operations (derived)
+€413,137
Net result for the year
+€186,714
Depreciation
+€121,482
Receivables after one year
-€12,528
Stocks and contracts
-€17,045
Receivables within one year
+€81,362
Deferred charges and accrued income
+€5,072
Debts within one year
+€15,559
Accrued charges and deferred income
+€32,520
Investment (derived)
-€415,976
Investment in fixed assets (net)
-€315,976
Current investments
-€100,000
Financing
+€82,738
Debts after one year
-€128,926
Contributions, distributions and other
+€211,664
Cash 2024
€373,549
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,264,409 | €2,581,940 | +€317,531 | +14.0% |
| Fixed assets | 21/28 | €1,358,863 | €1,553,357 | +€194,494 | +14.3% |
| Intangible fixed assets | 21 | €3,042 | €3,757 | +€715 | +23.5% |
| Tangible fixed assets | 22/27 | €1,345,277 | €1,539,056 | +€193,779 | +14.4% |
| Land and buildings | 22 | €1,096,366 | €1,270,000 | +€173,635 | +15.8% |
| Plant, machinery and equipment | 23 | €38,775 | €71,508 | +€32,733 | +84.4% |
| Furniture and vehicles | 24 | €37,069 | €28,592 | -€8,477 | -22.9% |
| Other tangible fixed assets | 26 | €173,068 | €168,957 | -€4,111 | -2.4% |
| Financial fixed assets | 28 | €10,544 | €10,544 | = | 0.0% |
| Current assets | 29/58 | €905,546 | €1,028,583 | +€123,037 | +13.6% |
| Amounts receivable after more than one year | 29 | - | €12,528 | +€12,528 | |
| Other amounts receivable | 291 | - | €12,528 | +€12,528 | |
| Stocks and contracts in progress | 3 | €350,682 | €367,726 | +€17,045 | +4.9% |
| Stocks | 30/36 | €350,682 | €367,726 | +€17,045 | +4.9% |
| Amounts receivable within one year | 40/41 | €236,998 | €155,635 | -€81,362 | -34.3% |
| Trade receivables | 40 | €32,678 | €39,718 | +€7,040 | +21.5% |
| Other amounts receivable | 41 | €204,319 | €115,918 | -€88,402 | -43.3% |
| Current investments | 50/53 | - | €100,000 | +€100,000 | |
| Cash at bank and in hand | 54/58 | €293,651 | €373,549 | +€79,898 | +27.2% |
| Deferred charges and accrued income | 490/1 | €24,216 | €19,144 | -€5,072 | -20.9% |
| Total equity and liabilities | 10/49 | €2,264,409 | €2,581,940 | +€317,531 | +14.0% |
| Equity | 10/15 | €569,259 | €967,637 | +€398,378 | +70.0% |
| Contributions | 10/11 | - | €113,143 | +€113,143 | |
| Capital | 10 | - | €113,143 | +€113,143 | |
| Revaluation surpluses | 12 | - | €198,000 | +€198,000 | |
| Reserves | 13 | - | €15,000 | +€15,000 | |
| Profit (loss) carried forward | 14 | €402,404 | €589,118 | +€186,714 | +46.4% |
| Investment grants | 15 | €53,712 | €52,375 | -€1,336 | -2.5% |
| Amounts payable | 17/49 | €1,695,150 | €1,614,303 | -€80,847 | -4.8% |
| Amounts payable after more than one year | 17 | €953,059 | €824,132 | -€128,926 | -13.5% |
| Financial debts | 170/4 | €953,059 | €824,132 | -€128,926 | -13.5% |
| Amounts payable within one year | 42/48 | €735,775 | €751,334 | +€15,559 | +2.1% |
| Current portion of amounts payable after more than one year | 42 | €140,044 | €128,929 | -€11,115 | -7.9% |
| Financial debts | 43 | €160,430 | €152,808 | -€7,622 | -4.8% |
| Credit institutions | 430/8 | €160,430 | €152,808 | -€7,622 | -4.8% |
| Trade debts | 44 | €74,661 | €108,559 | +€33,898 | +45.4% |
| Suppliers | 440/4 | €74,661 | €108,559 | +€33,898 | +45.4% |
| Advances received on contracts in progress | 46 | €2,931 | €1,581 | -€1,350 | -46.1% |
| Taxes, remuneration and social security | 45 | €348,247 | €343,934 | -€4,313 | -1.2% |
| Taxes | 450/3 | €70,394 | €66,464 | -€3,931 | -5.6% |
| Remuneration and social security | 454/9 | €277,853 | €277,470 | -€382 | -0.1% |
| Accrued charges and deferred income | 492/3 | €6,317 | €38,837 | +€32,520 | +514.8% |
| Non-recurring operating income | 76A | €4,500 | €6,199 | +€1,699 | +37.8% |
| Remuneration, social security and pensions | 62 | €2,513,757 | €2,704,310 | +€190,553 | +7.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €124,299 | €121,482 | -€2,817 | -2.3% |
| Other operating charges | 640/8 | €9,583 | €7,911 | -€1,672 | -17.4% |
| Gross operating margin | 9900 | €2,882,489 | €3,057,150 | +€174,661 | +6.1% |
| Operating profit (loss) | 9901 | €234,850 | €223,447 | -€11,403 | -4.9% |
| Financial income | 75/76B | - | €3,706 | +€3,706 | |
| Recurring financial income | 75 | - | €3,706 | +€3,706 | |
| Financial charges | 65/66B | €34,505 | €40,258 | +€5,753 | +16.7% |
| Recurring financial charges | 65 | €34,505 | €40,258 | +€5,753 | +16.7% |
| Profit (loss) for the period before taxes | 9903 | €200,345 | €186,895 | -€13,450 | -6.7% |
| Income taxes | 67/77 | €163 | €181 | +€18 | +11.0% |
| Profit (loss) for the period | 9904 | €200,183 | €186,714 | -€13,468 | -6.7% |
| Profit (loss) for the period to be appropriated | 9905 | €200,183 | €186,714 | -€13,468 | -6.7% |
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 1 October 2026 via checked.be.