KYCOV: 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.
KYCOV
Largest movements
- Tangible fixed assets -€7,659
down €7,659 (-30.1%), from €25,429 to €17,770
- Deferred charges and accrued income +€7,500
new in 2024: €7,500
- Receivables within one year -€4,438
down €4,438 (-9.7%), from €45,899 to €41,461
of which Other amounts receivable: -€21,287
- Cash -€3,800
down €3,800 (-34.9%), from €10,889 to €7,089
mainly Net result for the year (-€18,207) and Deferred charges and accrued income (-€7,500)
- Profit (loss) carried forward -€18,207
down €18,207 (-42.8%), from €42,531 to €24,323
- Advances received +€13,775
up €13,775 (+610.1%), from €2,258 to €16,033
- Trade debts +€7,755
up €7,755 (+256.9%), from €3,019 to €10,773
- Debts after one year -€6,935
no longer reported in 2024 (was €6,935)
- Current portion of long-term debt -€6,606
down €6,606 (-48.8%), from €13,541 to €6,935
- Gross operating margin +€34,429
up €34,429 (+97.8%), from -€35,196 to -€767
- Other operating charges -€3,204
down €3,204 (-26.5%), from €12,097 to €8,893
- Financial charges -€970
down €970 (-56.6%), from €1,713 to €743
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 | €82,217 | €73,820 | -€8,397 | -10.2% |
| Fixed assets | 21/28 | €25,429 | €17,770 | -€7,659 | -30.1% |
| Tangible fixed assets | 22/27 | €25,429 | €17,770 | -€7,659 | -30.1% |
| Furniture and vehicles | 24 | €25,429 | €17,770 | -€7,659 | -30.1% |
| Current assets | 29/58 | €56,788 | €56,050 | -€738 | -1.3% |
| Amounts receivable within one year | 40/41 | €45,899 | €41,461 | -€4,438 | -9.7% |
| Trade receivables | 40 | €17,226 | €34,075 | +€16,849 | +97.8% |
| Other amounts receivable | 41 | €28,673 | €7,385 | -€21,287 | -74.2% |
| Cash at bank and in hand | 54/58 | €10,889 | €7,089 | -€3,800 | -34.9% |
| Deferred charges and accrued income | 490/1 | - | €7,500 | +€7,500 | |
| Total equity and liabilities | 10/49 | €82,217 | €73,820 | -€8,397 | -10.2% |
| Equity | 10/15 | €48,731 | €30,523 | -€18,207 | -37.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €42,531 | €24,323 | -€18,207 | -42.8% |
| Amounts payable | 17/49 | €33,486 | €43,296 | +€9,810 | +29.3% |
| Amounts payable after more than one year | 17 | €6,935 | - | -€6,935 | |
| Financial debts | 170/4 | €6,935 | - | -€6,935 | |
| Amounts payable within one year | 42/48 | €26,551 | €43,296 | +€16,745 | +63.1% |
| Current portion of amounts payable after more than one year | 42 | €13,541 | €6,935 | -€6,606 | -48.8% |
| Trade debts | 44 | €3,019 | €10,773 | +€7,755 | +256.9% |
| Suppliers | 440/4 | €3,019 | €10,773 | +€7,755 | +256.9% |
| Advances received on contracts in progress | 46 | €2,258 | €16,033 | +€13,775 | +610.1% |
| Taxes, remuneration and social security | 45 | €5,074 | €6,656 | +€1,581 | +31.2% |
| Taxes | 450/3 | €5,074 | €6,656 | +€1,581 | +31.2% |
| Other amounts payable | 47/48 | €2,660 | €2,900 | +€240 | +9.0% |
| Non-recurring operating income | 76A | - | €1,092 | +€1,092 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,800 | €7,659 | -€141 | -1.8% |
| Other operating charges | 640/8 | €12,097 | €8,893 | -€3,204 | -26.5% |
| Gross operating margin | 9900 | -€35,196 | -€767 | +€34,429 | +97.8% |
| Operating profit (loss) | 9901 | -€55,094 | -€17,320 | +€37,774 | +68.6% |
| Financial charges | 65/66B | €1,713 | €743 | -€970 | -56.6% |
| Recurring financial charges | 65 | €1,713 | €743 | -€970 | -56.6% |
| Profit (loss) for the period before taxes | 9903 | -€56,807 | -€18,063 | +€38,744 | +68.2% |
| Income taxes | 67/77 | €132 | €144 | +€12 | +9.4% |
| Profit (loss) for the period | 9904 | -€56,938 | -€18,207 | +€38,731 | +68.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€56,938 | -€18,207 | +€38,731 | +68.0% |
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.