K&D CONSTRUCT: 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&D CONSTRUCT
Largest movements
- Tangible fixed assets +€30,574
new in 2025: €30,574
- Cash +€14,975
up €14,975 (+3946.1%), from €379 to €15,354
mainly Debts after one year (+€24,477) and Net result for the year (+€14,224)
- Deferred charges and accrued income +€1,644
new in 2025: €1,644
- Receivables within one year +€1,199
up €1,199 (+293.4%), from €409 to €1,607
of which Other amounts receivable: +€799
- Debts after one year +€24,477
new in 2025: €24,477
- Profit (loss) carried forward +€14,224
up €14,224 (+89.6%), from -€15,870 to -€1,646
- Current portion of long-term debt +€5,622
new in 2025: €5,622
- Trade debts +€3,405
up €3,405 (+315.0%), from €1,081 to €4,486
- Other debts +€664
up €664 (+5.3%), from €12,577 to €13,240
- Gross operating margin +€19,215
up €19,215, from -€1,047 to €18,168
- Financial charges -€11,373
down €11,373 (-94.3%), from €12,057 to €683
of which Non-recurring financial charges: -€12,000
- Depreciation +€2,018
new in 2025: €2,018
- Other operating charges +€1,180
up €1,180 (+1848.9%), from €64 to €1,243
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 | €788 | €49,179 | +€48,391 | +6140.9% |
| Fixed assets | 21/28 | - | €30,574 | +€30,574 | |
| Tangible fixed assets | 22/27 | - | €30,574 | +€30,574 | |
| Leasing and similar rights | 25 | - | €30,574 | +€30,574 | |
| Current assets | 29/58 | €788 | €18,605 | +€17,817 | +2261.0% |
| Amounts receivable within one year | 40/41 | €409 | €1,607 | +€1,199 | +293.4% |
| Trade receivables | 40 | - | €400 | +€400 | |
| Other amounts receivable | 41 | €409 | €1,207 | +€799 | +195.5% |
| Cash at bank and in hand | 54/58 | €379 | €15,354 | +€14,975 | +3946.1% |
| Deferred charges and accrued income | 490/1 | - | €1,644 | +€1,644 | |
| Total equity and liabilities | 10/49 | €788 | €49,179 | +€48,391 | +6140.9% |
| Equity | 10/15 | -€12,870 | €1,354 | +€14,224 | |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€15,870 | -€1,646 | +€14,224 | +89.6% |
| Amounts payable | 17/49 | €13,658 | €47,825 | +€34,167 | +250.2% |
| Amounts payable after more than one year | 17 | - | €24,477 | +€24,477 | |
| Financial debts | 170/4 | - | €24,477 | +€24,477 | |
| Amounts payable within one year | 42/48 | €13,658 | €23,348 | +€9,691 | +71.0% |
| Current portion of amounts payable after more than one year | 42 | - | €5,622 | +€5,622 | |
| Trade debts | 44 | €1,081 | €4,486 | +€3,405 | +315.0% |
| Suppliers | 440/4 | €1,081 | €4,486 | +€3,405 | +315.0% |
| Other amounts payable | 47/48 | €12,577 | €13,240 | +€664 | +5.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €2,018 | +€2,018 | |
| Other operating charges | 640/8 | €64 | €1,243 | +€1,180 | +1848.9% |
| Gross operating margin | 9900 | -€1,047 | €18,168 | +€19,215 | |
| Operating profit (loss) | 9901 | -€1,110 | €14,907 | +€16,017 | |
| Financial charges | 65/66B | €12,057 | €683 | -€11,373 | -94.3% |
| Recurring financial charges | 65 | €57 | €683 | +€627 | +1108.2% |
| Non-recurring financial charges | 66B | €12,000 | - | -€12,000 | |
| Profit (loss) for the period before taxes | 9903 | -€13,167 | €14,224 | +€27,391 | |
| Profit (loss) for the period | 9904 | -€13,167 | €14,224 | +€27,391 | |
| Profit (loss) for the period to be appropriated | 9905 | -€13,167 | €14,224 | +€27,391 |
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 7 October 2026 via checked.be.