K-N Construction: 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-N Construction
Largest movements
- Stocks and contracts +€100,657
new in 2024: €100,657
- Receivables within one year +€40,826
up €40,826 (+539%), from €7,568 to €48,395
of which Trade receivables: +€25,294
- Cash +€9,395
up €9,395 (+279%), from €3,372 to €12,768
mainly Short-term financial debts (+€92,160) and Other debts (+€82,985)
- Tangible fixed assets -€4,901
down €4,901 (-8.9%), from €54,897 to €49,997
of which Plant, machinery and equipment: -€2,570
- Short-term financial debts +€92,160
new in 2024: €92,160
- Other debts +€82,985
up €82,985 (+544%), from €15,267 to €98,252
- Profit (loss) carried forward -€23,150
down €23,150 (-423%), from -€5,467 to -€28,616
- Current portion of long-term debt -€4,162
no longer reported in 2024 (was €4,162)
- Trade debts -€4,150
down €4,150 (-60.7%), from €6,831 to €2,681
- Gross operating margin -€4,415
down €4,415 (-64.1%), from -€6,889 to -€11,304
- Other operating charges +€1,451
up €1,451 (+172%), from €844 to €2,296
- Taxes +€1,392
new in 2024: €1,392
- Financial charges +€598
up €598 (+59.0%), from €1,013 to €1,611
- Depreciation -€478
down €478 (-6.8%), from €7,029 to €6,551
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.
Derived cash bridge
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 | €66,393 | €211,878 | +€145,484 | +219% |
| Fixed assets | 21/28 | €54,897 | €49,997 | -€4,901 | -8.9% |
| Tangible fixed assets | 22/27 | €54,897 | €49,997 | -€4,901 | -8.9% |
| Land and buildings | 22 | €36,000 | €36,000 | = | 0.0% |
| Plant, machinery and equipment | 23 | €7,342 | €4,772 | -€2,570 | -35.0% |
| Furniture and vehicles | 24 | €11,555 | €9,224 | -€2,331 | -20.2% |
| Current assets | 29/58 | €11,496 | €161,881 | +€150,385 | +1,308% |
| Stocks and contracts in progress | 3 | - | €100,657 | +€100,657 | |
| Stocks | 30/36 | - | €100,657 | +€100,657 | |
| Amounts receivable within one year | 40/41 | €7,568 | €48,395 | +€40,826 | +539% |
| Trade receivables | 40 | €3,492 | €28,785 | +€25,294 | +724% |
| Other amounts receivable | 41 | €4,077 | €19,610 | +€15,533 | +381% |
| Cash at bank and in hand | 54/58 | €3,372 | €12,768 | +€9,395 | +279% |
| Deferred charges and accrued income | 490/1 | €555 | €62 | -€494 | -88.9% |
| Total equity and liabilities | 10/49 | €66,393 | €211,878 | +€145,484 | +219% |
| Equity | 10/15 | €36,533 | €13,384 | -€23,150 | -63.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €39,000 | €39,000 | = | 0.0% |
| Distributable reserves | 133 | €39,000 | €39,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,467 | -€28,616 | -€23,150 | -423% |
| Amounts payable | 17/49 | €29,860 | €198,494 | +€168,634 | +565% |
| Amounts payable within one year | 42/48 | €29,860 | €198,494 | +€168,634 | +565% |
| Current portion of amounts payable after more than one year | 42 | €4,162 | - | -€4,162 | |
| Financial debts | 43 | - | €92,160 | +€92,160 | |
| Credit institutions | 430/8 | - | €92,160 | +€92,160 | |
| Trade debts | 44 | €6,831 | €2,681 | -€4,150 | -60.7% |
| Suppliers | 440/4 | €6,831 | €2,681 | -€4,150 | -60.7% |
| Taxes, remuneration and social security | 45 | €3,600 | €5,400 | +€1,800 | +50.0% |
| Remuneration and social security | 454/9 | €3,600 | €5,400 | +€1,800 | +50.0% |
| Other amounts payable | 47/48 | €15,267 | €98,252 | +€82,985 | +544% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,029 | €6,551 | -€478 | -6.8% |
| Other operating charges | 640/8 | €844 | €2,296 | +€1,451 | +172% |
| Gross operating margin | 9900 | -€6,889 | -€11,304 | -€4,415 | -64.1% |
| Operating profit (loss) | 9901 | -€14,762 | -€20,151 | -€5,388 | -36.5% |
| Financial income | 75/76B | €0 | €3 | +€3 | +1,585% |
| Recurring financial income | 75 | €0 | €3 | +€3 | +1,585% |
| Financial charges | 65/66B | €1,013 | €1,611 | +€598 | +59.0% |
| Recurring financial charges | 65 | €1,013 | €1,611 | +€598 | +59.0% |
| Profit (loss) for the period before taxes | 9903 | -€15,775 | -€21,758 | -€5,983 | -37.9% |
| Income taxes | 67/77 | - | €1,392 | +€1,392 | |
| Profit (loss) for the period | 9904 | -€15,775 | -€23,150 | -€7,375 | -46.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€15,775 | -€23,150 | -€7,375 | -46.8% |
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 18 October 2026 via checked.be.