K-ABUILD: 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-ABUILD
Largest movements
- Stocks and contracts -€174,503
down €174,503 (-100.0%), from €174,503 to €0
- Cash +€25,452
up €25,452 (+487.5%), from €5,221 to €30,674
mainly Stocks and contracts (+€174,503) and Depreciation (+€4,060)
- Receivables after one year -€2,969
down €2,969 (-6.0%), from €49,727 to €46,758
- Tangible fixed assets -€2,678
down €2,678 (-54.5%), from €4,918 to €2,240
- Current portion of long-term debt -€113,750
down €113,750 (-100.0%), from €113,750 to €0
- Reserves -€27,937
down €27,937 (-32.0%), from €87,230 to €59,293
- Other debts -€11,692
down €11,692 (-60.9%), from €19,203 to €7,511
- Gross operating margin -€7,303
down €7,303 (-62.7%), from €11,643 to €4,340
- Financial charges -€2,920
down €2,920 (-47.8%), from €6,109 to €3,189
- Depreciation -€298
down €298 (-6.8%), from €4,358 to €4,060
- Taxes -€168
down €168 (-100.0%), from €168 to €0
- Other operating charges +€127
up €127 (+27.4%), from €465 to €592
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 | €240,533 | €83,462 | -€157,071 | -65.3% |
| Fixed assets | 21/28 | €4,918 | €2,240 | -€2,678 | -54.5% |
| Tangible fixed assets | 22/27 | €4,918 | €2,240 | -€2,678 | -54.5% |
| Furniture and vehicles | 24 | €4,918 | €2,240 | -€2,678 | -54.5% |
| Current assets | 29/58 | €235,615 | €81,222 | -€154,393 | -65.5% |
| Amounts receivable after more than one year | 29 | €49,727 | €46,758 | -€2,969 | -6.0% |
| Other amounts receivable | 291 | €49,727 | €46,758 | -€2,969 | -6.0% |
| Stocks and contracts in progress | 3 | €174,503 | €0 | -€174,503 | -100.0% |
| Stocks | 30/36 | €174,503 | €0 | -€174,503 | -100.0% |
| Amounts receivable within one year | 40/41 | €4,604 | €3,405 | -€1,199 | -26.0% |
| Trade receivables | 40 | €864 | €436 | -€429 | -49.6% |
| Other amounts receivable | 41 | €3,740 | €2,969 | -€771 | -20.6% |
| Cash at bank and in hand | 54/58 | €5,221 | €30,674 | +€25,452 | +487.5% |
| Deferred charges and accrued income | 490/1 | €1,560 | €386 | -€1,174 | -75.3% |
| Total equity and liabilities | 10/49 | €240,533 | €83,462 | -€157,071 | -65.3% |
| Equity | 10/15 | €99,835 | €71,898 | -€27,937 | -28.0% |
| Contributions | 10/11 | €12,605 | €12,605 | = | 0.0% |
| Reserves | 13 | €87,230 | €59,293 | -€27,937 | -32.0% |
| Distributable reserves | 133 | €87,230 | €59,293 | -€27,937 | -32.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €140,698 | €11,564 | -€129,134 | -91.8% |
| Amounts payable within one year | 42/48 | €140,698 | €11,332 | -€129,366 | -91.9% |
| Current portion of amounts payable after more than one year | 42 | €113,750 | €0 | -€113,750 | -100.0% |
| Trade debts | 44 | €3,371 | €1,324 | -€2,047 | -60.7% |
| Suppliers | 440/4 | €3,371 | €1,324 | -€2,047 | -60.7% |
| Taxes, remuneration and social security | 45 | €4,374 | €2,497 | -€1,877 | -42.9% |
| Taxes | 450/3 | €4,374 | €2,497 | -€1,877 | -42.9% |
| Other amounts payable | 47/48 | €19,203 | €7,511 | -€11,692 | -60.9% |
| Accrued charges and deferred income | 492/3 | €0 | €232 | +€232 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,358 | €4,060 | -€298 | -6.8% |
| Other operating charges | 640/8 | €465 | €592 | +€127 | +27.4% |
| Non-recurring operating charges | 66A | - | €25,503 | +€25,503 | |
| Gross operating margin | 9900 | €11,643 | €4,340 | -€7,303 | -62.7% |
| Operating profit (loss) | 9901 | €6,820 | -€25,815 | -€32,635 | |
| Financial income | 75/76B | €1,140 | €1,067 | -€73 | -6.4% |
| Recurring financial income | 75 | €1,140 | €1,067 | -€73 | -6.4% |
| Financial charges | 65/66B | €6,109 | €3,189 | -€2,920 | -47.8% |
| Recurring financial charges | 65 | €6,109 | €3,189 | -€2,920 | -47.8% |
| Profit (loss) for the period before taxes | 9903 | €1,851 | -€27,937 | -€29,788 | |
| Income taxes | 67/77 | €168 | €0 | -€168 | -100.0% |
| Profit (loss) for the period | 9904 | €1,683 | -€27,937 | -€29,620 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,683 | -€27,937 | -€29,620 |
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 29 September 2026 via checked.be.