K&D PROJECTS: 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.
K&D PROJECTS
Largest movements
- Receivables within one year +€145,772
up €145,772 (+57.3%), from €254,410 to €400,182
of which Trade receivables: +€99,374
- Cash -€50,063
down €50,063 (-12.6%), from €398,479 to €348,416
mainly Receivables within one year (-€145,772) and Trade debts (-€92,568)
- Reserves +€197,899
up €197,899 (+56.5%), from €350,413 to €548,312
- Trade debts -€92,568
down €92,568 (-64.7%), from €143,034 to €50,466
- Gross operating margin +€86,629
up €86,629 (+37.1%), from €233,735 to €320,364
- Taxes +€30,093
up €30,093 (+51.2%), from €58,829 to €88,922
- Staff costs -€10,776
down €10,776 (-41.9%), from €25,740 to €14,964
- Financial charges +€4,636
up €4,636 (+94.5%), from €4,907 to €9,543
- Depreciation -€4,044
down €4,044 (-33.8%), from €11,964 to €7,920
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.
Derived cash bridge
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 | €688,860 | €795,962 | +€107,102 | +15.5% |
| Fixed assets | 21/28 | €35,515 | €35,001 | -€513 | -1.4% |
| Tangible fixed assets | 22/27 | €35,515 | €35,001 | -€513 | -1.4% |
| Land and buildings | 22 | €16,197 | €13,352 | -€2,845 | -17.6% |
| Plant, machinery and equipment | 23 | €13,963 | €10,210 | -€3,753 | -26.9% |
| Furniture and vehicles | 24 | €5,354 | €11,439 | +€6,084 | +114% |
| Current assets | 29/58 | €653,345 | €760,960 | +€107,615 | +16.5% |
| Stocks and contracts in progress | 3 | - | €7,920 | +€7,920 | |
| Stocks | 30/36 | - | €3,877 | +€3,877 | |
| Contracts in progress | 37 | - | €4,043 | +€4,043 | |
| Amounts receivable within one year | 40/41 | €254,410 | €400,182 | +€145,772 | +57.3% |
| Trade receivables | 40 | €151,048 | €250,422 | +€99,374 | +65.8% |
| Other amounts receivable | 41 | €103,362 | €149,760 | +€46,398 | +44.9% |
| Cash at bank and in hand | 54/58 | €398,479 | €348,416 | -€50,063 | -12.6% |
| Deferred charges and accrued income | 490/1 | €456 | €4,442 | +€3,986 | +874% |
| Total equity and liabilities | 10/49 | €688,860 | €795,962 | +€107,102 | +15.5% |
| Equity | 10/15 | €352,273 | €551,714 | +€199,441 | +56.6% |
| Contributions | 10/11 | €1,860 | €1,860 | = | 0.0% |
| Reserves | 13 | €350,413 | €548,312 | +€197,899 | +56.5% |
| Distributable reserves | 133 | €350,413 | €548,312 | +€197,899 | +56.5% |
| Profit (loss) carried forward | 14 | - | €1,542 | +€1,542 | |
| Amounts payable | 17/49 | €336,587 | €244,248 | -€92,339 | -27.4% |
| Amounts payable within one year | 42/48 | €336,562 | €244,109 | -€92,453 | -27.5% |
| Current portion of amounts payable after more than one year | 42 | €6,692 | €6,686 | -€6 | -0.1% |
| Trade debts | 44 | €143,034 | €50,466 | -€92,568 | -64.7% |
| Suppliers | 440/4 | €143,034 | €50,466 | -€92,568 | -64.7% |
| Taxes, remuneration and social security | 45 | €133,158 | €132,697 | -€461 | -0.3% |
| Taxes | 450/3 | €116,706 | €101,384 | -€15,322 | -13.1% |
| Remuneration and social security | 454/9 | €16,452 | €31,314 | +€14,861 | +90.3% |
| Other amounts payable | 47/48 | €53,678 | €54,260 | +€582 | +1.1% |
| Accrued charges and deferred income | 492/3 | €25 | €138 | +€114 | +458% |
| Non-recurring operating income | 76A | €6,491 | - | -€6,491 | |
| Remuneration, social security and pensions | 62 | €25,740 | €14,964 | -€10,776 | -41.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,964 | €7,920 | -€4,044 | -33.8% |
| Other operating charges | 640/8 | €2,063 | €1,351 | -€712 | -34.5% |
| Gross operating margin | 9900 | €233,735 | €320,364 | +€86,629 | +37.1% |
| Operating profit (loss) | 9901 | €193,968 | €296,130 | +€102,162 | +52.7% |
| Financial income | 75/76B | €119 | €234 | +€115 | +96.3% |
| Recurring financial income | 75 | €119 | €234 | +€115 | +96.3% |
| Financial charges | 65/66B | €4,907 | €9,543 | +€4,636 | +94.5% |
| Recurring financial charges | 65 | €4,907 | €9,543 | +€4,636 | +94.5% |
| Profit (loss) for the period before taxes | 9903 | €189,180 | €286,820 | +€97,641 | +51.6% |
| Income taxes | 67/77 | €58,829 | €88,922 | +€30,093 | +51.2% |
| Profit (loss) for the period | 9904 | €130,351 | €197,899 | +€67,548 | +51.8% |
| Profit (loss) for the period to be appropriated | 9905 | €130,351 | €197,899 | +€67,548 | +51.8% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.