K.E. 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.E. PROJECTS
Largest movements
- Receivables within one year +€405,909
up €405,909 (+75.8%), from €535,738 to €941,646
of which Other amounts receivable: +€262,125
- Cash -€201,741
down €201,741 (-23.6%), from €853,113 to €651,372
mainly Receivables within one year (-€405,909) and Debts after one year (-€34,312)
- Tangible fixed assets -€41,569
down €41,569 (-23.6%), from €176,013 to €134,444
of which Leasing and similar rights: -€40,624
- Profit (loss) carried forward +€128,526
up €128,526 (+18.7%), from €686,297 to €814,823
- Trade debts +€63,446
up €63,446 (+112.9%), from €56,176 to €119,622
- Debts after one year -€34,312
down €34,312 (-33.1%), from €103,554 to €69,242
- Gross operating margin -€253,619
down €253,619 (-17.6%), from €1.4m to €1.2m
- Staff costs -€61,374
down €61,374 (-6.1%), from €1.0m to €950,921
- Taxes -€48,664
down €48,664 (-52.5%), from €92,717 to €44,053
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 | €1,573,252 | €1,736,263 | +€163,011 | +10.4% |
| Fixed assets | 21/28 | €176,013 | €134,444 | -€41,569 | -23.6% |
| Tangible fixed assets | 22/27 | €176,013 | €134,444 | -€41,569 | -23.6% |
| Plant, machinery and equipment | 23 | €11,957 | €9,253 | -€2,704 | -22.6% |
| Furniture and vehicles | 24 | €3,728 | €5,487 | +€1,759 | +47.2% |
| Leasing and similar rights | 25 | €160,328 | €119,704 | -€40,624 | -25.3% |
| Current assets | 29/58 | €1,397,239 | €1,601,819 | +€204,580 | +14.6% |
| Amounts receivable within one year | 40/41 | €535,738 | €941,646 | +€405,909 | +75.8% |
| Trade receivables | 40 | €181,362 | €325,146 | +€143,784 | +79.3% |
| Other amounts receivable | 41 | €354,375 | €616,500 | +€262,125 | +74.0% |
| Cash at bank and in hand | 54/58 | €853,113 | €651,372 | -€201,741 | -23.6% |
| Deferred charges and accrued income | 490/1 | €8,388 | €8,801 | +€413 | +4.9% |
| Total equity and liabilities | 10/49 | €1,573,252 | €1,736,263 | +€163,011 | +10.4% |
| Equity | 10/15 | €1,056,757 | €1,185,283 | +€128,526 | +12.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €351,860 | €351,860 | = | 0.0% |
| Distributable reserves | 133 | €351,860 | €351,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €686,297 | €814,823 | +€128,526 | +18.7% |
| Amounts payable | 17/49 | €516,495 | €550,981 | +€34,485 | +6.7% |
| Amounts payable after more than one year | 17 | €103,554 | €69,242 | -€34,312 | -33.1% |
| Financial debts | 170/4 | €103,554 | €69,242 | -€34,312 | -33.1% |
| Amounts payable within one year | 42/48 | €388,162 | €450,988 | +€62,827 | +16.2% |
| Current portion of amounts payable after more than one year | 42 | €33,128 | €34,312 | +€1,184 | +3.6% |
| Trade debts | 44 | €56,176 | €119,622 | +€63,446 | +112.9% |
| Suppliers | 440/4 | €56,176 | €119,622 | +€63,446 | +112.9% |
| Taxes, remuneration and social security | 45 | €293,402 | €296,599 | +€3,197 | +1.1% |
| Taxes | 450/3 | €179,597 | €177,078 | -€2,519 | -1.4% |
| Remuneration and social security | 454/9 | €113,805 | €119,521 | +€5,716 | +5.0% |
| Other amounts payable | 47/48 | €5,456 | €456 | -€5,000 | -91.6% |
| Accrued charges and deferred income | 492/3 | €24,779 | €30,750 | +€5,971 | +24.1% |
| Remuneration, social security and pensions | 62 | €1,012,295 | €950,921 | -€61,374 | -6.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,202 | €44,342 | +€1,141 | +2.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,601 | €5,010 | +€2,409 | +92.6% |
| Other operating charges | 640/8 | €7,776 | €7,847 | +€71 | +0.9% |
| Gross operating margin | 9900 | €1,440,376 | €1,186,757 | -€253,619 | -17.6% |
| Operating profit (loss) | 9901 | €374,502 | €178,637 | -€195,865 | -52.3% |
| Financial income | 75/76B | €0 | €1,688 | +€1,688 | +1534590.9% |
| Recurring financial income | 75 | €0 | €1,688 | +€1,688 | +1534590.9% |
| Financial charges | 65/66B | €6,854 | €7,746 | +€892 | +13.0% |
| Recurring financial charges | 65 | €6,854 | €7,746 | +€892 | +13.0% |
| Profit (loss) for the period before taxes | 9903 | €367,648 | €172,579 | -€195,070 | -53.1% |
| Income taxes | 67/77 | €92,717 | €44,053 | -€48,664 | -52.5% |
| Profit (loss) for the period | 9904 | €274,931 | €128,526 | -€146,405 | -53.3% |
| Profit (loss) for the period to be appropriated | 9905 | €274,931 | €128,526 | -€146,405 | -53.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.