K.O. CONSTRUCT: 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.O. CONSTRUCT
Largest movements
- Cash +€3,030
up €3,030 (+1,105%), from €274 to €3,305
mainly Net result for the year (+€9,093) and Stocks and contracts (+€2,920)
- Stocks and contracts -€2,920
no longer reported in 2025 (was €2,920)
- Receivables within one year -€2,745
down €2,745 (-3.8%), from €72,893 to €70,148
of which Trade receivables: -€17,673
- Tangible fixed assets +€828
new in 2025: €828
- Reserves +€9,093
up €9,093 (+27.0%), from €33,690 to €42,783
of which Distributable reserves: +€9,093
- Trade debts -€6,559
down €6,559 (-52.4%), from €12,525 to €5,966
- Advances received -€3,108
no longer reported in 2025 (was €3,108)
- Tax, wage and social debts -€1,326
down €1,326 (-20.5%), from €6,465 to €5,139
- Gross operating margin -€5,247
down €5,247 (-27.1%), from €19,332 to €14,085
- Other operating charges +€2,065
up €2,065 (+237%), from €871 to €2,936
- Taxes -€1,590
down €1,590 (-28.2%), from €5,645 to €4,055
- Financial income +€676
up €676 (+27.0%), from €2,504 to €3,180
- Financial charges -€429
down €429 (-28.2%), from €1,522 to €1,092
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 | €76,863 | €74,963 | -€1,900 | -2.5% |
| Fixed assets | 21/28 | - | €828 | +€828 | |
| Tangible fixed assets | 22/27 | - | €828 | +€828 | |
| Furniture and vehicles | 24 | - | €828 | +€828 | |
| Current assets | 29/58 | €76,863 | €74,135 | -€2,728 | -3.5% |
| Stocks and contracts in progress | 3 | €2,920 | - | -€2,920 | |
| Stocks | 30/36 | €2,920 | - | -€2,920 | |
| Amounts receivable within one year | 40/41 | €72,893 | €70,148 | -€2,745 | -3.8% |
| Trade receivables | 40 | €21,195 | €3,523 | -€17,673 | -83.4% |
| Other amounts receivable | 41 | €51,698 | €66,626 | +€14,928 | +28.9% |
| Cash at bank and in hand | 54/58 | €274 | €3,305 | +€3,030 | +1,105% |
| Deferred charges and accrued income | 490/1 | €775 | €682 | -€93 | -12.0% |
| Total equity and liabilities | 10/49 | €76,863 | €74,963 | -€1,900 | -2.5% |
| Equity | 10/15 | €54,765 | €63,858 | +€9,093 | +16.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €33,690 | €42,783 | +€9,093 | +27.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €31,830 | €40,923 | +€9,093 | +28.6% |
| Profit (loss) carried forward | 14 | €8,675 | €8,675 | = | 0.0% |
| Amounts payable | 17/49 | €22,098 | €11,105 | -€10,993 | -49.7% |
| Amounts payable within one year | 42/48 | €22,098 | €11,105 | -€10,993 | -49.7% |
| Trade debts | 44 | €12,525 | €5,966 | -€6,559 | -52.4% |
| Suppliers | 440/4 | €12,525 | €5,966 | -€6,559 | -52.4% |
| Advances received on contracts in progress | 46 | €3,108 | - | -€3,108 | |
| Taxes, remuneration and social security | 45 | €6,465 | €5,139 | -€1,326 | -20.5% |
| Taxes | 450/3 | €6,465 | €5,139 | -€1,326 | -20.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €72 | €89 | +€17 | +23.7% |
| Other operating charges | 640/8 | €871 | €2,936 | +€2,065 | +237% |
| Gross operating margin | 9900 | €19,332 | €14,085 | -€5,247 | -27.1% |
| Operating profit (loss) | 9901 | €18,389 | €11,061 | -€7,329 | -39.9% |
| Financial income | 75/76B | €2,504 | €3,180 | +€676 | +27.0% |
| Recurring financial income | 75 | €2,504 | €3,180 | +€676 | +27.0% |
| Financial charges | 65/66B | €1,522 | €1,092 | -€429 | -28.2% |
| Recurring financial charges | 65 | €1,522 | €1,092 | -€429 | -28.2% |
| Profit (loss) for the period before taxes | 9903 | €19,372 | €13,148 | -€6,224 | -32.1% |
| Income taxes | 67/77 | €5,645 | €4,055 | -€1,590 | -28.2% |
| Profit (loss) for the period | 9904 | €13,727 | €9,093 | -€4,634 | -33.8% |
| Profit (loss) for the period to be appropriated | 9905 | €13,727 | €9,093 | -€4,634 | -33.8% |
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 28 October 2026 via checked.be.