KY BUILD: 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.
KY BUILD
Largest movements
- Tangible fixed assets -€13,096
down €13,096 (-7.5%), from €174,304 to €161,208
of which Furniture and vehicles: -€6,782
- Receivables within one year +€11,772
up €11,772 (+63.5%), from €18,530 to €30,302
of which Trade receivables: +€6,829
- Cash -€3,985
down €3,985 (-46.4%), from €8,581 to €4,596
mainly Net result for the year (-€15,122) and Receivables within one year (-€11,772)
- Profit (loss) carried forward -€15,122
down €15,122 (-18.8%), from €80,496 to €65,374
- Tax, wage and social debts +€8,660
new in 2024: €8,660
of which Remuneration and social security: +€8,656
- Debts after one year -€8,256
down €8,256 (-7.3%), from €112,775 to €104,519
- Other debts +€4,500
new in 2024: €4,500
- Trade debts +€3,268
up €3,268 (+74.5%), from €4,385 to €7,653
- Staff costs +€19,735
up €19,735 (+5,133%), from €384 to €20,120
- Gross operating margin +€4,806
up €4,806 (+20.7%), from €23,264 to €28,070
- Financial charges +€1,178
up €1,178 (+33.4%), from €3,526 to €4,704
- Financial income +€904
new in 2024: €904
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 | €211,713 | €204,963 | -€6,750 | -3.2% |
| Fixed assets | 21/28 | €174,304 | €161,208 | -€13,096 | -7.5% |
| Tangible fixed assets | 22/27 | €174,304 | €161,208 | -€13,096 | -7.5% |
| Land and buildings | 22 | €158,240 | €154,031 | -€4,209 | -2.7% |
| Plant, machinery and equipment | 23 | €4,407 | €2,301 | -€2,106 | -47.8% |
| Furniture and vehicles | 24 | €11,657 | €4,876 | -€6,782 | -58.2% |
| Current assets | 29/58 | €37,409 | €43,755 | +€6,346 | +17.0% |
| Stocks and contracts in progress | 3 | €8,820 | €8,820 | = | 0.0% |
| Stocks | 30/36 | €8,820 | €8,820 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €18,530 | €30,302 | +€11,772 | +63.5% |
| Trade receivables | 40 | €3,777 | €10,606 | +€6,829 | +181% |
| Other amounts receivable | 41 | €14,752 | €19,696 | +€4,943 | +33.5% |
| Cash at bank and in hand | 54/58 | €8,581 | €4,596 | -€3,985 | -46.4% |
| Deferred charges and accrued income | 490/1 | €1,477 | €37 | -€1,441 | -97.5% |
| Total equity and liabilities | 10/49 | €211,713 | €204,963 | -€6,750 | -3.2% |
| Equity | 10/15 | €86,496 | €71,374 | -€15,122 | -17.5% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €80,496 | €65,374 | -€15,122 | -18.8% |
| Amounts payable | 17/49 | €125,217 | €133,588 | +€8,372 | +6.7% |
| Amounts payable after more than one year | 17 | €112,775 | €104,519 | -€8,256 | -7.3% |
| Financial debts | 170/4 | €112,775 | €104,519 | -€8,256 | -7.3% |
| Amounts payable within one year | 42/48 | €12,442 | €29,069 | +€16,627 | +134% |
| Current portion of amounts payable after more than one year | 42 | €8,057 | €8,256 | +€199 | +2.5% |
| Trade debts | 44 | €4,385 | €7,653 | +€3,268 | +74.5% |
| Suppliers | 440/4 | €4,385 | €7,653 | +€3,268 | +74.5% |
| Taxes, remuneration and social security | 45 | - | €8,660 | +€8,660 | |
| Taxes | 450/3 | - | €5 | +€5 | |
| Remuneration and social security | 454/9 | - | €8,656 | +€8,656 | |
| Other amounts payable | 47/48 | - | €4,500 | +€4,500 | |
| Remuneration, social security and pensions | 62 | €384 | €20,120 | +€19,735 | +5,133% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,010 | €13,096 | +€86 | +0.7% |
| Other operating charges | 640/8 | €6,227 | €6,147 | -€80 | -1.3% |
| Gross operating margin | 9900 | €23,264 | €28,070 | +€4,806 | +20.7% |
| Operating profit (loss) | 9901 | €3,643 | -€11,293 | -€14,936 | |
| Financial income | 75/76B | - | €904 | +€904 | |
| Recurring financial income | 75 | - | €904 | +€904 | |
| Financial charges | 65/66B | €3,526 | €4,704 | +€1,178 | +33.4% |
| Recurring financial charges | 65 | €3,526 | €4,704 | +€1,178 | +33.4% |
| Profit (loss) for the period before taxes | 9903 | €117 | -€15,093 | -€15,210 | |
| Income taxes | 67/77 | - | €29 | +€29 | |
| Profit (loss) for the period | 9904 | €117 | -€15,122 | -€15,239 | |
| Profit (loss) for the period to be appropriated | 9905 | €117 | -€15,122 | -€15,239 |
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.