K & A Projects: 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.
K & A Projects
Largest movements
- Stocks and contracts +€32,286
up €32,286 (+7.8%), from €411,817 to €444,103
- Receivables within one year -€28,474
no longer reported in 2025 (was €28,474)
of which Trade receivables: -€28,000
- Other debts +€37,948
up €37,948 (+30.5%), from €124,574 to €162,521
- Profit (loss) carried forward -€28,257
down €28,257 (-39.7%), from -€71,187 to -€99,444
- Short-term financial debts -€6,135
down €6,135 (-1.6%), from €373,000 to €366,865
- Financial charges +€10,719
up €10,719 (+68.5%), from €15,640 to €26,359
- Gross operating margin +€457
up €457 (+20.5%), from -€2,236 to -€1,779
- Other operating charges +€66
new in 2025: €66
From the 2024 result to the 2025 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 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €441,387 | €444,942 | +€3,556 | +0.8% |
| Fixed assets | 21/28 | €89 | €36 | -€53 | -59.8% |
| Tangible fixed assets | 22/27 | €89 | €36 | -€53 | -59.8% |
| Furniture and vehicles | 24 | €89 | €36 | -€53 | -59.8% |
| Current assets | 29/58 | €441,298 | €444,907 | +€3,609 | +0.8% |
| Stocks and contracts in progress | 3 | €411,817 | €444,103 | +€32,286 | +7.8% |
| Contracts in progress | 37 | €411,817 | €444,103 | +€32,286 | +7.8% |
| Amounts receivable within one year | 40/41 | €28,474 | - | -€28,474 | |
| Trade receivables | 40 | €28,000 | - | -€28,000 | |
| Other amounts receivable | 41 | €474 | - | -€474 | |
| Cash at bank and in hand | 54/58 | €237 | - | -€237 | |
| Deferred charges and accrued income | 490/1 | €770 | €803 | +€34 | +4.4% |
| Total equity and liabilities | 10/49 | €441,387 | €444,942 | +€3,556 | +0.8% |
| Equity | 10/15 | -€56,187 | -€84,444 | -€28,257 | -50.3% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€71,187 | -€99,444 | -€28,257 | -39.7% |
| Amounts payable | 17/49 | €497,574 | €529,386 | +€31,812 | +6.4% |
| Amounts payable within one year | 42/48 | €497,574 | €529,386 | +€31,812 | +6.4% |
| Financial debts | 43 | €373,000 | €366,865 | -€6,135 | -1.6% |
| Credit institutions | 430/8 | €373,000 | €366,865 | -€6,135 | -1.6% |
| Other amounts payable | 47/48 | €124,574 | €162,521 | +€37,948 | +30.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €53 | €53 | = | 0.0% |
| Other operating charges | 640/8 | - | €66 | +€66 | |
| Gross operating margin | 9900 | -€2,236 | -€1,779 | +€457 | +20.5% |
| Operating profit (loss) | 9901 | -€2,289 | -€1,898 | +€392 | +17.1% |
| Financial charges | 65/66B | €15,640 | €26,359 | +€10,719 | +68.5% |
| Recurring financial charges | 65 | €15,640 | €26,359 | +€10,719 | +68.5% |
| Profit (loss) for the period before taxes | 9903 | -€17,929 | -€28,257 | -€10,328 | -57.6% |
| Profit (loss) for the period | 9904 | -€17,929 | -€28,257 | -€10,328 | -57.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€17,929 | -€28,257 | -€10,328 | -57.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.