K&H 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&H Projects
Largest movements
- Receivables within one year +€140,384
up €140,384 (+654%), from €21,451 to €161,835
of which Trade receivables: +€84,902
- Stocks and contracts +€10,000
new in 2025: €10,000
- Cash +€8,797
up €8,797 (+7,111%), from €124 to €8,920
mainly Net result for the year (+€97,026) and Trade debts (+€46,126)
- Tangible fixed assets +€5,345
up €5,345 (+86.7%), from €6,167 to €11,513
of which Plant, machinery and equipment: +€4,561
- Reserves +€96,415
up €96,415 (+1,271%), from €7,585 to €104,000
of which Distributable reserves: +€96,500
- Trade debts +€46,126
up €46,126 (+417%), from €11,065 to €57,191
- Tax, wage and social debts +€22,537
up €22,537 (+744%), from €3,030 to €25,567
- Gross operating margin +€121,814
up €121,814 (+999%), from €12,198 to €134,011
- Taxes +€24,967
new in 2025: €24,967
- Write-downs +€3,753
new in 2025: €3,753
- Financial charges +€2,413
up €2,413 (+570%), from €423 to €2,837
- Depreciation +€1,687
up €1,687 (+78.7%), from €2,144 to €3,830
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 | €28,042 | €193,732 | +€165,690 | +591% |
| Fixed assets | 21/28 | €6,467 | €12,113 | +€5,645 | +87.3% |
| Tangible fixed assets | 22/27 | €6,167 | €11,513 | +€5,345 | +86.7% |
| Plant, machinery and equipment | 23 | €3,333 | €7,894 | +€4,561 | +137% |
| Furniture and vehicles | 24 | €2,835 | €3,619 | +€784 | +27.7% |
| Financial fixed assets | 28 | €300 | €600 | +€300 | +100% |
| Current assets | 29/58 | €21,575 | €181,619 | +€160,045 | +742% |
| Stocks and contracts in progress | 3 | - | €10,000 | +€10,000 | |
| Contracts in progress | 37 | - | €10,000 | +€10,000 | |
| Amounts receivable within one year | 40/41 | €21,451 | €161,835 | +€140,384 | +654% |
| Trade receivables | 40 | €13,181 | €98,084 | +€84,902 | +644% |
| Other amounts receivable | 41 | €8,270 | €63,751 | +€55,482 | +671% |
| Cash at bank and in hand | 54/58 | €124 | €8,920 | +€8,797 | +7,111% |
| Deferred charges and accrued income | 490/1 | - | €864 | +€864 | |
| Total equity and liabilities | 10/49 | €28,042 | €193,732 | +€165,690 | +591% |
| Equity | 10/15 | €13,947 | €110,974 | +€97,026 | +696% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €7,585 | €104,000 | +€96,415 | +1,271% |
| Non-distributable reserves | 130/1 | €85 | - | -€85 | |
| Reserves not available under the articles | 1311 | €85 | - | -€85 | |
| Distributable reserves | 133 | €7,500 | €104,000 | +€96,500 | +1,287% |
| Profit (loss) carried forward | 14 | €162 | €774 | +€611 | +377% |
| Amounts payable | 17/49 | €14,095 | €82,758 | +€68,663 | +487% |
| Amounts payable within one year | 42/48 | €14,095 | €82,758 | +€68,663 | +487% |
| Trade debts | 44 | €11,065 | €57,191 | +€46,126 | +417% |
| Suppliers | 440/4 | €11,065 | €57,191 | +€46,126 | +417% |
| Taxes, remuneration and social security | 45 | €3,030 | €25,567 | +€22,537 | +744% |
| Taxes | 450/3 | €3,030 | €25,567 | +€22,537 | +744% |
| Non-recurring operating income | 76A | - | €9,077 | +€9,077 | |
| Remuneration, social security and pensions | 62 | €428 | - | -€428 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,144 | €3,830 | +€1,687 | +78.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €3,753 | +€3,753 | |
| Other operating charges | 640/8 | €2,982 | €1,364 | -€1,619 | -54.3% |
| Non-recurring operating charges | 66A | - | €575 | +€575 | |
| Gross operating margin | 9900 | €12,198 | €134,011 | +€121,814 | +999% |
| Operating profit (loss) | 9901 | €6,644 | €124,489 | +€117,846 | +1,774% |
| Financial income | 75/76B | €787 | €341 | -€446 | -56.7% |
| Recurring financial income | 75 | €787 | €341 | -€446 | -56.7% |
| Financial charges | 65/66B | €423 | €2,837 | +€2,413 | +570% |
| Recurring financial charges | 65 | €423 | €2,837 | +€2,413 | +570% |
| Profit (loss) for the period before taxes | 9903 | €7,007 | €121,994 | +€114,986 | +1,641% |
| Income taxes | 67/77 | - | €24,967 | +€24,967 | |
| Profit (loss) for the period | 9904 | €7,007 | €97,026 | +€90,019 | +1,285% |
| Profit (loss) for the period to be appropriated | 9905 | €7,007 | €97,026 | +€90,019 | +1,285% |
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.