K & G 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 & G Projects
Largest movements
- Receivables within one year +€9,060
up €9,060 (+18.9%), from €48,017 to €57,077
of which Trade receivables: +€9,535
- Cash +€7,008
up €7,008 (+184.2%), from €3,806 to €10,813
mainly Net result for the year (+€9,387) and Tax, wage and social debts (+€5,631)
- Deferred charges and accrued income -€4,816
down €4,816 (-29.2%), from €16,510 to €11,694
- Profit (loss) carried forward +€9,387
up €9,387 (+46.9%), from €20,010 to €29,397
- Trade debts -€9,233
down €9,233 (-21.0%), from €44,049 to €34,815
- Tax, wage and social debts +€5,631
up €5,631 (+172.0%), from €3,274 to €8,904
of which Remuneration and social security: +€6,388
- Other debts +€5,468
new in 2024: €5,468
- Purchases and services -€142,425
down €142,425 (-47.4%), from €300,196 to €157,771
- Gross operating margin +€118,060
up €118,060 (+2003.5%), from €5,893 to €123,952
- Staff costs +€111,421
new in 2024: €111,421
- Turnover -€37,610
down €37,610 (-12.4%), from €303,242 to €265,632
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 | €68,332 | €79,584 | +€11,252 | +16.5% |
| Current assets | 29/58 | €68,332 | €79,584 | +€11,252 | +16.5% |
| Amounts receivable within one year | 40/41 | €48,017 | €57,077 | +€9,060 | +18.9% |
| Trade receivables | 40 | €45,412 | €54,948 | +€9,535 | +21.0% |
| Other amounts receivable | 41 | €2,604 | €2,129 | -€475 | -18.2% |
| Cash at bank and in hand | 54/58 | €3,806 | €10,813 | +€7,008 | +184.2% |
| Deferred charges and accrued income | 490/1 | €16,510 | €11,694 | -€4,816 | -29.2% |
| Total equity and liabilities | 10/49 | €68,332 | €79,584 | +€11,252 | +16.5% |
| Equity | 10/15 | €21,010 | €30,397 | +€9,387 | +44.7% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €20,010 | €29,397 | +€9,387 | +46.9% |
| Amounts payable | 17/49 | €47,322 | €49,187 | +€1,865 | +3.9% |
| Amounts payable within one year | 42/48 | €47,322 | €49,187 | +€1,865 | +3.9% |
| Trade debts | 44 | €44,049 | €34,815 | -€9,233 | -21.0% |
| Suppliers | 440/4 | €44,049 | €34,815 | -€9,233 | -21.0% |
| Taxes, remuneration and social security | 45 | €3,274 | €8,904 | +€5,631 | +172.0% |
| Taxes | 450/3 | €3,274 | €2,516 | -€757 | -23.1% |
| Remuneration and social security | 454/9 | - | €6,388 | +€6,388 | |
| Other amounts payable | 47/48 | - | €5,468 | +€5,468 | |
| Turnover | 70 | €303,242 | €265,632 | -€37,610 | -12.4% |
| Non-recurring operating income | 76A | €2,856 | €16,091 | +€13,235 | +463.4% |
| Goods, raw materials, services and sundry goods | 60/61 | €300,196 | €157,771 | -€142,425 | -47.4% |
| Remuneration, social security and pensions | 62 | - | €111,421 | +€111,421 | |
| Other operating charges | 640/8 | €666 | €505 | -€160 | -24.1% |
| Non-recurring operating charges | 66A | - | €299 | +€299 | |
| Gross operating margin | 9900 | €5,893 | €123,952 | +€118,060 | +2003.5% |
| Operating profit (loss) | 9901 | €5,227 | €11,726 | +€6,499 | +124.3% |
| Financial income | 75/76B | €19 | €631 | +€612 | +3265.8% |
| Recurring financial income | 75 | €19 | €131 | +€112 | +597.7% |
| Non-recurring financial income | 76B | - | €500 | +€500 | |
| Financial charges | 65/66B | €383 | €674 | +€291 | +75.8% |
| Recurring financial charges | 65 | €383 | €674 | +€291 | +75.8% |
| Profit (loss) for the period before taxes | 9903 | €4,862 | €11,683 | +€6,821 | +140.3% |
| Income taxes | 67/77 | €1,247 | €2,296 | +€1,049 | +84.1% |
| Profit (loss) for the period | 9904 | €3,615 | €9,387 | +€5,772 | +159.7% |
| Profit (loss) for the period to be appropriated | 9905 | €3,615 | €9,387 | +€5,772 | +159.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.