KS OLYMPIC: 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.
KS OLYMPIC
Largest movements
- Receivables within one year +€16,680
up €16,680 (+33.1%), from €50,353 to €67,034
- Cash -€7,518
down €7,518 (-62.4%), from €12,056 to €4,538
mainly Receivables within one year (-€16,680) and Trade debts (-€13,456)
- Other debts +€20,116
new in 2024: €20,116
- Trade debts -€13,456
down €13,456 (-17.3%), from €77,862 to €64,406
- Profit (loss) carried forward +€6,552
up €6,552 (+95.0%), from -€6,894 to -€341
- Tax, wage and social debts -€4,834
down €4,834 (-42.0%), from €11,511 to €6,677
of which Taxes: -€4,834
- Gross operating margin -€28,498
down €28,498 (-76.2%), from €37,414 to €8,916
- Other operating charges -€1,868
down €1,868 (-60.7%), from €3,078 to €1,209
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 | €148,604 | €156,983 | +€8,379 | +5.6% |
| Fixed assets | 21/28 | €3,046 | €2,328 | -€718 | -23.6% |
| Tangible fixed assets | 22/27 | €2,796 | €2,078 | -€718 | -25.7% |
| Other tangible fixed assets | 26 | €2,796 | €2,078 | -€718 | -25.7% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €145,558 | €154,655 | +€9,097 | +6.2% |
| Stocks and contracts in progress | 3 | €83,149 | €81,623 | -€1,526 | -1.8% |
| Stocks | 30/36 | €83,149 | €81,623 | -€1,526 | -1.8% |
| Amounts receivable within one year | 40/41 | €50,353 | €67,034 | +€16,680 | +33.1% |
| Trade receivables | 40 | €50,353 | €67,034 | +€16,680 | +33.1% |
| Cash at bank and in hand | 54/58 | €12,056 | €4,538 | -€7,518 | -62.4% |
| Deferred charges and accrued income | 490/1 | - | €1,460 | +€1,460 | |
| Total equity and liabilities | 10/49 | €148,604 | €156,983 | +€8,379 | +5.6% |
| Equity | 10/15 | €29,231 | €35,784 | +€6,552 | +22.4% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €11,125 | €11,125 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,500 | €2,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,500 | €2,500 | = | 0.0% |
| Distributable reserves | 133 | €8,625 | €8,625 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,894 | -€341 | +€6,552 | +95.0% |
| Provisions and deferred taxes | 16 | €30,000 | €30,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €30,000 | €30,000 | = | 0.0% |
| Other liabilities and charges | 164/5 | €30,000 | €30,000 | = | 0.0% |
| Amounts payable | 17/49 | €89,373 | €91,199 | +€1,826 | +2.0% |
| Amounts payable within one year | 42/48 | €89,373 | €91,199 | +€1,826 | +2.0% |
| Trade debts | 44 | €77,862 | €64,406 | -€13,456 | -17.3% |
| Suppliers | 440/4 | €77,862 | €64,406 | -€13,456 | -17.3% |
| Taxes, remuneration and social security | 45 | €11,511 | €6,677 | -€4,834 | -42.0% |
| Taxes | 450/3 | €10,032 | €5,198 | -€4,834 | -48.2% |
| Remuneration and social security | 454/9 | €1,479 | €1,479 | = | 0.0% |
| Other amounts payable | 47/48 | - | €20,116 | +€20,116 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €718 | €718 | = | 0.0% |
| Other operating charges | 640/8 | €3,078 | €1,209 | -€1,868 | -60.7% |
| Gross operating margin | 9900 | €37,414 | €8,916 | -€28,498 | -76.2% |
| Operating profit (loss) | 9901 | €33,618 | €6,989 | -€26,630 | -79.2% |
| Financial income | 75/76B | €41 | - | -€41 | |
| Recurring financial income | 75 | €41 | - | -€41 | |
| Financial charges | 65/66B | €562 | €436 | -€126 | -22.4% |
| Recurring financial charges | 65 | €562 | €436 | -€126 | -22.4% |
| Profit (loss) for the period before taxes | 9903 | €33,097 | €6,552 | -€26,544 | -80.2% |
| Profit (loss) for the period | 9904 | €33,097 | €6,552 | -€26,544 | -80.2% |
| Profit (loss) for the period to be appropriated | 9905 | €33,097 | €6,552 | -€26,544 | -80.2% |
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 14 October 2026 via checked.be.