KSV IT WORLD: 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.
KSV IT WORLD
Largest movements
- Receivables within one year +€98,277
up €98,277 (+74.2%), from €132,432 to €230,709
of which Other amounts receivable: +€74,756
- Cash -€32,973
down €32,973 (-41.9%), from €78,704 to €45,731
mainly Receivables within one year (-€98,277) and Tax, wage and social debts (-€5,371)
- Profit (loss) carried forward +€41,696
up €41,696 (+26.9%), from €155,029 to €196,725
- Advances received +€28,620
new in 2024: €28,620
- Tax, wage and social debts -€5,371
down €5,371 (-10.5%), from €51,032 to €45,661
- Gross operating margin -€38,054
down €38,054 (-40.1%), from €94,811 to €56,757
- Taxes -€16,566
down €16,566 (-59.3%), from €27,914 to €11,348
- Other operating charges +€3,567
up €3,567, from €0 to €3,567
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 | €211,136 | €276,439 | +€65,304 | +30.9% |
| Current assets | 29/58 | €211,136 | €276,439 | +€65,304 | +30.9% |
| Amounts receivable within one year | 40/41 | €132,432 | €230,709 | +€98,277 | +74.2% |
| Trade receivables | 40 | €9,080 | €32,601 | +€23,521 | +259% |
| Other amounts receivable | 41 | €123,352 | €198,108 | +€74,756 | +60.6% |
| Cash at bank and in hand | 54/58 | €78,704 | €45,731 | -€32,973 | -41.9% |
| Total equity and liabilities | 10/49 | €211,136 | €276,439 | +€65,304 | +30.9% |
| Equity | 10/15 | €160,029 | €201,725 | +€41,696 | +26.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €155,029 | €196,725 | +€41,696 | +26.9% |
| Amounts payable | 17/49 | €51,107 | €74,715 | +€23,608 | +46.2% |
| Amounts payable within one year | 42/48 | €51,107 | €74,715 | +€23,608 | +46.2% |
| Trade debts | 44 | €75 | €433 | +€359 | +479% |
| Suppliers | 440/4 | €75 | €433 | +€359 | +479% |
| Advances received on contracts in progress | 46 | - | €28,620 | +€28,620 | |
| Taxes, remuneration and social security | 45 | €51,032 | €45,661 | -€5,371 | -10.5% |
| Taxes | 450/3 | €51,032 | €45,661 | -€5,371 | -10.5% |
| Other operating charges | 640/8 | €0 | €3,567 | +€3,567 | |
| Gross operating margin | 9900 | €94,811 | €56,757 | -€38,054 | -40.1% |
| Operating profit (loss) | 9901 | €94,811 | €53,191 | -€41,620 | -43.9% |
| Financial charges | 65/66B | €0 | €147 | +€147 | |
| Recurring financial charges | 65 | €0 | €147 | +€147 | |
| Profit (loss) for the period before taxes | 9903 | €94,811 | €53,044 | -€41,767 | -44.1% |
| Income taxes | 67/77 | €27,914 | €11,348 | -€16,566 | -59.3% |
| Profit (loss) for the period | 9904 | €66,897 | €41,696 | -€25,201 | -37.7% |
| Profit (loss) for the period to be appropriated | 9905 | €66,897 | €41,696 | -€25,201 | -37.7% |
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 18 October 2026 via checked.be.