K-Hutte: 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.
What changed
K-Hutte
NACE 43.990, Other specialised construction activities
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€7,359
2024 · -€1,440-€5,919
Equity
€23,133
2024 · €30,492-€7,359
Cash
€4,105
2024 · €4,391-€286
Balance sheet total
€293,873
2024 · €318,206-€24,333
Largest movements
Assets
- Tangible fixed assets -€24,968
down €24,968 (-8.2%), from €304,718 to €279,750
Equity and liabilities
- Debts after one year -€18,106
down €18,106 (-7.7%), from €233,795 to €215,689
- Other debts +€8,000
up €8,000 (+42.1%), from €19,000 to €27,000
- Profit (loss) carried forward -€7,359
down €7,359 (-50.8%), from €14,492 to €7,133
Income statement
- Gross operating margin -€5,132
down €5,132 (-16.7%), from €30,674 to €25,542
- Depreciation +€784
up €784 (+2.9%), from €27,399 to €28,183
- Other operating charges +€424
up €424 (+223%), from €191 to €615
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.
Result 2024
-€1,440
Gross operating margin
-€5,132
Depreciation
-€784
Other operating charges
-€424
Financial income
+€8
Financial charges
+€247
Taxes
+€165
Result 2025
-€7,359
raises the resultlowers the result
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.
From operations
+€23,189
Investment
-€3,215
Financing
-€20,260
Cash 2024
€4,391
From operations (derived)
+€23,189
Net result for the year
-€7,359
Depreciation
+€28,183
Receivables within one year
-€970
Deferred charges and accrued income
+€49
Trade debts
-€2,169
Tax, wage and social debts
-€2,545
Other debts
+€8,000
Investment (derived)
-€3,215
Investment in fixed assets (net)
-€3,215
Financing
-€20,260
Debts after one year
-€18,106
Current portion of long-term debt
-€2,154
Cash 2025
€4,105
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €318,206 | €293,873 | -€24,333 | -7.6% |
| Fixed assets | 21/28 | €305,118 | €280,150 | -€24,968 | -8.2% |
| Tangible fixed assets | 22/27 | €304,718 | €279,750 | -€24,968 | -8.2% |
| Land and buildings | 22 | €227,298 | €220,506 | -€6,792 | -3.0% |
| Plant, machinery and equipment | 23 | €12,372 | €10,458 | -€1,914 | -15.5% |
| Furniture and vehicles | 24 | €15,919 | €7,034 | -€8,885 | -55.8% |
| Leasing and similar rights | 25 | €201 | - | -€201 | |
| Other tangible fixed assets | 26 | €48,927 | €41,751 | -€7,176 | -14.7% |
| Financial fixed assets | 28 | €400 | €400 | = | 0.0% |
| Current assets | 29/58 | €13,088 | €13,723 | +€635 | +4.9% |
| Amounts receivable within one year | 40/41 | €8,367 | €9,337 | +€970 | +11.6% |
| Trade receivables | 40 | €6,295 | €9,337 | +€3,042 | +48.3% |
| Other amounts receivable | 41 | €2,072 | - | -€2,072 | |
| Cash at bank and in hand | 54/58 | €4,391 | €4,105 | -€286 | -6.5% |
| Deferred charges and accrued income | 490/1 | €330 | €281 | -€49 | -14.8% |
| Total equity and liabilities | 10/49 | €318,206 | €293,873 | -€24,333 | -7.6% |
| Equity | 10/15 | €30,492 | €23,133 | -€7,359 | -24.1% |
| Contributions | 10/11 | €16,000 | €16,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €14,492 | €7,133 | -€7,359 | -50.8% |
| Amounts payable | 17/49 | €287,714 | €270,740 | -€16,974 | -5.9% |
| Amounts payable after more than one year | 17 | €233,795 | €215,689 | -€18,106 | -7.7% |
| Financial debts | 170/4 | €233,795 | €215,689 | -€18,106 | -7.7% |
| Amounts payable within one year | 42/48 | €53,919 | €55,050 | +€1,132 | +2.1% |
| Current portion of amounts payable after more than one year | 42 | €29,917 | €27,763 | -€2,154 | -7.2% |
| Trade debts | 44 | €2,339 | €170 | -€2,169 | -92.7% |
| Suppliers | 440/4 | €2,339 | €170 | -€2,169 | -92.7% |
| Taxes, remuneration and social security | 45 | €2,662 | €117 | -€2,545 | -95.6% |
| Taxes | 450/3 | - | €117 | +€117 | |
| Remuneration and social security | 454/9 | €2,662 | - | -€2,662 | |
| Other amounts payable | 47/48 | €19,000 | €27,000 | +€8,000 | +42.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,399 | €28,183 | +€784 | +2.9% |
| Other operating charges | 640/8 | €191 | €615 | +€424 | +223% |
| Gross operating margin | 9900 | €30,674 | €25,542 | -€5,132 | -16.7% |
| Operating profit (loss) | 9901 | €3,084 | -€3,256 | -€6,340 | |
| Financial income | 75/76B | €5 | €13 | +€8 | +186% |
| Recurring financial income | 75 | €5 | €13 | +€8 | +186% |
| Financial charges | 65/66B | €4,363 | €4,116 | -€247 | -5.7% |
| Recurring financial charges | 65 | €4,363 | €4,116 | -€247 | -5.7% |
| Profit (loss) for the period before taxes | 9903 | -€1,274 | -€7,359 | -€6,084 | -477% |
| Income taxes | 67/77 | €165 | - | -€165 | |
| Profit (loss) for the period | 9904 | -€1,440 | -€7,359 | -€5,919 | -411% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,440 | -€7,359 | -€5,919 | -411% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.