K & K 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 & K Projects
Largest movements
- Tangible fixed assets -€26,141
down €26,141 (-75.3%), from €34,713 to €8,572
of which Furniture and vehicles: -€22,273
- Deferred charges and accrued income +€8,246
up €8,246 (+207%), from €3,981 to €12,227
- Cash +€4,142
up €4,142 (+81.3%), from €5,097 to €9,239
mainly Investment in fixed assets (net) (+€21,975) and Net result for the year (+€5,306)
- Current investments -€1,495
down €1,495 (-35.1%), from €4,257 to €2,763
- Tax, wage and social debts -€9,156
down €9,156 (-54.7%), from €16,741 to €7,586
of which Remuneration and social security: -€7,354
- Debts after one year -€6,947
down €6,947 (-33.1%), from €21,000 to €14,053
- Trade debts -€5,846
down €5,846 (-49.8%), from €11,750 to €5,904
- Profit (loss) carried forward +€5,306
up €5,306 (+189%), from €2,809 to €8,116
- Other debts +€1,248
up €1,248 (+14.0%), from €8,902 to €10,150
- Depreciation -€10,017
down €10,017 (-70.6%), from €14,183 to €4,166
- Gross operating margin -€4,980
down €4,980 (-26.4%), from €18,870 to €13,890
- Taxes +€420
up €420 (+18.3%), from €2,293 to €2,712
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 | €71,027 | €55,755 | -€15,272 | -21.5% |
| Fixed assets | 21/28 | €34,713 | €8,572 | -€26,141 | -75.3% |
| Tangible fixed assets | 22/27 | €34,713 | €8,572 | -€26,141 | -75.3% |
| Plant, machinery and equipment | 23 | €11,930 | €8,062 | -€3,868 | -32.4% |
| Furniture and vehicles | 24 | €22,783 | €511 | -€22,273 | -97.8% |
| Current assets | 29/58 | €36,314 | €47,183 | +€10,869 | +29.9% |
| Amounts receivable within one year | 40/41 | €22,979 | €22,955 | -€24 | -0.1% |
| Trade receivables | 40 | €18,585 | €18,053 | -€532 | -2.9% |
| Other amounts receivable | 41 | €4,394 | €4,901 | +€508 | +11.6% |
| Current investments | 50/53 | €4,257 | €2,763 | -€1,495 | -35.1% |
| Cash at bank and in hand | 54/58 | €5,097 | €9,239 | +€4,142 | +81.3% |
| Deferred charges and accrued income | 490/1 | €3,981 | €12,227 | +€8,246 | +207% |
| Total equity and liabilities | 10/49 | €71,027 | €55,755 | -€15,272 | -21.5% |
| Equity | 10/15 | €5,809 | €11,116 | +€5,306 | +91.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,809 | €8,116 | +€5,306 | +189% |
| Amounts payable | 17/49 | €65,218 | €44,639 | -€20,578 | -31.6% |
| Amounts payable after more than one year | 17 | €21,000 | €14,053 | -€6,947 | -33.1% |
| Financial debts | 170/4 | €21,000 | €14,053 | -€6,947 | -33.1% |
| Amounts payable within one year | 42/48 | €44,218 | €30,586 | -€13,632 | -30.8% |
| Current portion of amounts payable after more than one year | 42 | €6,824 | €6,947 | +€122 | +1.8% |
| Trade debts | 44 | €11,750 | €5,904 | -€5,846 | -49.8% |
| Suppliers | 440/4 | €11,750 | €5,904 | -€5,846 | -49.8% |
| Taxes, remuneration and social security | 45 | €16,741 | €7,586 | -€9,156 | -54.7% |
| Taxes | 450/3 | €7,223 | €5,422 | -€1,801 | -24.9% |
| Remuneration and social security | 454/9 | €9,518 | €2,164 | -€7,354 | -77.3% |
| Other amounts payable | 47/48 | €8,902 | €10,150 | +€1,248 | +14.0% |
| Non-recurring operating income | 76A | - | €15,319 | +€15,319 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,183 | €4,166 | -€10,017 | -70.6% |
| Other operating charges | 640/8 | €1,061 | €1,161 | +€100 | +9.4% |
| Gross operating margin | 9900 | €18,870 | €13,890 | -€4,980 | -26.4% |
| Operating profit (loss) | 9901 | €3,625 | €8,564 | +€4,938 | +136% |
| Financial income | 75/76B | €19 | €7 | -€12 | -61.6% |
| Recurring financial income | 75 | €19 | €7 | -€12 | -61.6% |
| Financial charges | 65/66B | €624 | €552 | -€72 | -11.5% |
| Recurring financial charges | 65 | €624 | €552 | -€72 | -11.5% |
| Profit (loss) for the period before taxes | 9903 | €3,020 | €8,019 | +€4,998 | +165% |
| Income taxes | 67/77 | €2,293 | €2,712 | +€420 | +18.3% |
| Profit (loss) for the period | 9904 | €728 | €5,306 | +€4,579 | +629% |
| Profit (loss) for the period to be appropriated | 9905 | €728 | €5,306 | +€4,579 | +629% |
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 16 October 2026 via checked.be.