KTCHN: 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.
KTCHN
Largest movements
- Cash +€469,611
up €469,611 (+683.2%), from €68,737 to €538,348
mainly Net result for the year (+€386,658) and Other debts (+€261,786)
- Receivables within one year +€93,699
up €93,699 (+24.4%), from €383,981 to €477,681
of which Trade receivables: +€89,474
- Tangible fixed assets -€92,999
down €92,999 (-28.6%), from €324,878 to €231,878
- Stocks and contracts -€28,315
down €28,315 (-55.9%), from €50,651 to €22,337
- Other debts +€261,786
up €261,786 (+185.8%), from €140,879 to €402,665
- Trade debts +€131,907
up €131,907 (+55.4%), from €238,298 to €370,205
- Profit (loss) carried forward +€86,658
up €86,658, from -€16,111 to €70,548
- Debts after one year -€77,659
down €77,659 (-42.2%), from €184,209 to €106,550
- Tax, wage and social debts +€42,326
up €42,326 (+38.5%), from €109,854 to €152,180
of which Taxes: +€49,914
- Gross operating margin +€487,993
up €487,993 (+37.6%), from €1.3m to €1.8m
- Staff costs -€170,034
down €170,034 (-12.7%), from €1.3m to €1.2m
- Taxes +€96,943
up €96,943 (+10760.9%), from €901 to €97,844
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.
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.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €842,368 | €1,273,747 | +€431,378 | +51.2% |
| Fixed assets | 21/28 | €326,333 | €235,381 | -€90,952 | -27.9% |
| Intangible fixed assets | 21 | - | €2,048 | +€2,048 | |
| Tangible fixed assets | 22/27 | €324,878 | €231,878 | -€92,999 | -28.6% |
| Plant, machinery and equipment | 23 | €18,167 | €13,352 | -€4,815 | -26.5% |
| Furniture and vehicles | 24 | €67,286 | €39,468 | -€27,818 | -41.3% |
| Leasing and similar rights | 25 | €155,631 | €119,134 | -€36,497 | -23.5% |
| Other tangible fixed assets | 26 | €83,794 | €59,925 | -€23,869 | -28.5% |
| Financial fixed assets | 28 | €1,455 | €1,455 | = | 0.0% |
| Current assets | 29/58 | €516,035 | €1,038,365 | +€522,330 | +101.2% |
| Stocks and contracts in progress | 3 | €50,651 | €22,337 | -€28,315 | -55.9% |
| Stocks | 30/36 | €50,651 | €22,337 | -€28,315 | -55.9% |
| Amounts receivable within one year | 40/41 | €383,981 | €477,681 | +€93,699 | +24.4% |
| Trade receivables | 40 | €382,981 | €472,456 | +€89,474 | +23.4% |
| Other amounts receivable | 41 | €1,000 | €5,225 | +€4,225 | +422.5% |
| Cash at bank and in hand | 54/58 | €68,737 | €538,348 | +€469,611 | +683.2% |
| Deferred charges and accrued income | 490/1 | €12,665 | - | -€12,665 | |
| Total equity and liabilities | 10/49 | €842,368 | €1,273,747 | +€431,378 | +51.2% |
| Equity | 10/15 | €30,244 | €109,504 | +€79,260 | +262.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | - | €1,860 | +€1,860 | |
| Profit (loss) carried forward | 14 | -€16,111 | €70,548 | +€86,658 | |
| Investment grants | 15 | €25,895 | €18,496 | -€7,399 | -28.6% |
| Amounts payable | 17/49 | €812,124 | €1,164,242 | +€352,119 | +43.4% |
| Amounts payable after more than one year | 17 | €184,209 | €106,550 | -€77,659 | -42.2% |
| Financial debts | 170/4 | €184,209 | €106,550 | -€77,659 | -42.2% |
| Amounts payable within one year | 42/48 | €623,822 | €1,031,218 | +€407,396 | +65.3% |
| Current portion of amounts payable after more than one year | 42 | €76,219 | €77,659 | +€1,440 | +1.9% |
| Trade debts | 44 | €238,298 | €370,205 | +€131,907 | +55.4% |
| Suppliers | 440/4 | €238,298 | €370,205 | +€131,907 | +55.4% |
| Advances received on contracts in progress | 46 | €58,572 | €28,509 | -€30,064 | -51.3% |
| Taxes, remuneration and social security | 45 | €109,854 | €152,180 | +€42,326 | +38.5% |
| Taxes | 450/3 | €12,474 | €62,388 | +€49,914 | +400.1% |
| Remuneration and social security | 454/9 | €97,380 | €89,793 | -€7,588 | -7.8% |
| Other amounts payable | 47/48 | €140,879 | €402,665 | +€261,786 | +185.8% |
| Accrued charges and deferred income | 492/3 | €4,092 | €26,474 | +€22,382 | +546.9% |
| Remuneration, social security and pensions | 62 | €1,340,848 | €1,170,814 | -€170,034 | -12.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €100,601 | €111,737 | +€11,136 | +11.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €8,064 | +€8,064 | |
| Other operating charges | 640/8 | €3,823 | €5,389 | +€1,566 | +41.0% |
| Gross operating margin | 9900 | €1,296,443 | €1,784,436 | +€487,993 | +37.6% |
| Operating profit (loss) | 9901 | -€148,829 | €488,433 | +€637,261 | |
| Financial income | 75/76B | €9,003 | €7,964 | -€1,039 | -11.5% |
| Recurring financial income | 75 | €7,503 | €7,964 | +€461 | +6.1% |
| Non-recurring financial income | 76B | €1,500 | - | -€1,500 | |
| Financial charges | 65/66B | €13,507 | €11,894 | -€1,613 | -11.9% |
| Recurring financial charges | 65 | €12,744 | €11,894 | -€850 | -6.7% |
| Non-recurring financial charges | 66B | €763 | - | -€763 | |
| Profit (loss) for the period before taxes | 9903 | -€153,332 | €484,503 | +€637,835 | |
| Income taxes | 67/77 | €901 | €97,844 | +€96,943 | +10760.9% |
| Profit (loss) for the period | 9904 | -€154,233 | €386,658 | +€540,892 | |
| Profit (loss) for the period to be appropriated | 9905 | -€154,233 | €386,658 | +€540,892 |
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 3 October 2026 via checked.be.