KV CONCEPT: 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.
KV CONCEPT
Largest movements
- Receivables within one year +€5,377
up €5,377 (+6.0%), from €89,822 to €95,199
of which Trade receivables: +€5,377
- Stocks and contracts -€4,925
no longer reported in 2024 (was €4,925)
- Tangible fixed assets -€1,897
down €1,897 (-36.7%), from €5,165 to €3,268
of which Plant, machinery and equipment: -€1,616
- Cash +€1,519
up €1,519 (+415.0%), from €366 to €1,884
mainly Net result for the year (+€22,595) and Stocks and contracts (+€4,925)
- Trade debts -€21,202
down €21,202 (-31.6%), from €67,040 to €45,837
- Profit (loss) carried forward +€17,595
up €17,595, from -€2,787 to €14,808
- Tax, wage and social debts +€3,701
up €3,701 (+42.4%), from €8,737 to €12,439
of which Remuneration and social security: +€3,000
- Turnover +€147,190
new in 2024: €147,190
- Purchases and services +€121,419
new in 2024: €121,419
- Gross operating margin -€13,511
down €13,511 (-34.4%), from €39,283 to €25,771
- Taxes -€3,600
no longer reported in 2024 (was €3,600)
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 | €100,278 | €100,352 | +€74 | +0.1% |
| Fixed assets | 21/28 | €5,165 | €3,268 | -€1,897 | -36.7% |
| Tangible fixed assets | 22/27 | €5,165 | €3,268 | -€1,897 | -36.7% |
| Plant, machinery and equipment | 23 | €4,042 | €2,426 | -€1,616 | -40.0% |
| Furniture and vehicles | 24 | €1,123 | €842 | -€281 | -25.0% |
| Current assets | 29/58 | €95,112 | €97,083 | +€1,971 | +2.1% |
| Stocks and contracts in progress | 3 | €4,925 | - | -€4,925 | |
| Stocks | 30/36 | €4,925 | - | -€4,925 | |
| Amounts receivable within one year | 40/41 | €89,822 | €95,199 | +€5,377 | +6.0% |
| Trade receivables | 40 | €89,641 | €95,018 | +€5,377 | +6.0% |
| Other amounts receivable | 41 | €181 | €181 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €366 | €1,884 | +€1,519 | +415.0% |
| Total equity and liabilities | 10/49 | €100,278 | €100,352 | +€74 | +0.1% |
| Equity | 10/15 | €17,463 | €35,058 | +€17,595 | +100.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,650 | €1,650 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,650 | €1,650 | = | 0.0% |
| Legal reserve | 130 | €1,650 | €1,650 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,787 | €14,808 | +€17,595 | |
| Amounts payable | 17/49 | €82,814 | €65,293 | -€17,521 | -21.2% |
| Amounts payable within one year | 42/48 | €82,814 | €65,293 | -€17,521 | -21.2% |
| Trade debts | 44 | €67,040 | €45,837 | -€21,202 | -31.6% |
| Suppliers | 440/4 | €67,040 | €45,837 | -€21,202 | -31.6% |
| Taxes, remuneration and social security | 45 | €8,737 | €12,439 | +€3,701 | +42.4% |
| Taxes | 450/3 | €3,737 | €4,439 | +€701 | +18.8% |
| Remuneration and social security | 454/9 | €5,000 | €8,000 | +€3,000 | +60.0% |
| Other amounts payable | 47/48 | €7,037 | €7,017 | -€20 | -0.3% |
| Turnover | 70 | - | €147,190 | +€147,190 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €121,419 | +€121,419 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €808 | €1,897 | +€1,089 | +134.8% |
| Other operating charges | 640/8 | €1,072 | €1,094 | +€22 | +2.0% |
| Gross operating margin | 9900 | €39,283 | €25,771 | -€13,511 | -34.4% |
| Operating profit (loss) | 9901 | €37,403 | €22,781 | -€14,622 | -39.1% |
| Financial charges | 65/66B | €42 | €186 | +€143 | +337.0% |
| Recurring financial charges | 65 | €42 | €186 | +€143 | +337.0% |
| Profit (loss) for the period before taxes | 9903 | €37,360 | €22,595 | -€14,765 | -39.5% |
| Income taxes | 67/77 | €3,600 | - | -€3,600 | |
| Profit (loss) for the period | 9904 | €33,760 | €22,595 | -€11,165 | -33.1% |
| Profit (loss) for the period to be appropriated | 9905 | €33,760 | €22,595 | -€11,165 | -33.1% |
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 11 October 2026 via checked.be.