K & P Projects: what changed
Two fiscal 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 & P Projects
Largest movements
- Receivables after one year +€63,250
new in 2025: €63,250
- Receivables within one year -€27,866
down €27,866 (-35.5%), from €78,536 to €50,670
of which Other amounts receivable: -€50,233
- Cash -€23,451
down €23,451 (-12.2%), from €192,159 to €168,709
mainly Contributions, distributions and other (-€172,093) and Receivables after one year (-€63,250)
- Reserves +€62,563
up €62,563 (+33.6%), from €186,010 to €248,573
- Tax, wage and social debts -€60,904
down €60,904 (-88.0%), from €69,218 to €8,314
of which Taxes: -€60,904
- Current portion of long-term debt +€18,793
up €18,793 (+198.5%), from €9,466 to €28,259
- Trade debts -€4,791
down €4,791 (-100.0%), from €4,791 to €0
- Gross operating margin +€164,660
up €164,660 (+114.8%), from €143,449 to €308,110
- Taxes +€41,744
up €41,744 (+137.7%), from €30,325 to €72,069
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.
Cash bridge derived
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 | €272,584 | €287,331 | +€14,747 | +5.4% |
| Fixed assets | 21/28 | €822 | €3,655 | +€2,833 | +344.6% |
| Tangible fixed assets | 22/27 | €822 | €3,655 | +€2,833 | +344.6% |
| Furniture and vehicles | 24 | €822 | €3,655 | +€2,833 | +344.6% |
| Current assets | 29/58 | €271,762 | €283,675 | +€11,913 | +4.4% |
| Amounts receivable after more than one year | 29 | - | €63,250 | +€63,250 | |
| Other amounts receivable | 291 | - | €63,250 | +€63,250 | |
| Amounts receivable within one year | 40/41 | €78,536 | €50,670 | -€27,866 | -35.5% |
| Trade receivables | 40 | €15,286 | €37,653 | +€22,367 | +146.3% |
| Other amounts receivable | 41 | €63,250 | €13,017 | -€50,233 | -79.4% |
| Cash at bank and in hand | 54/58 | €192,159 | €168,709 | -€23,451 | -12.2% |
| Deferred charges and accrued income | 490/1 | €1,066 | €1,046 | -€20 | -1.9% |
| Total equity and liabilities | 10/49 | €272,584 | €287,331 | +€14,747 | +5.4% |
| Equity | 10/15 | €186,510 | €249,073 | +€62,563 | +33.5% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Reserves | 13 | €186,010 | €248,573 | +€62,563 | +33.6% |
| Distributable reserves | 133 | €186,010 | €248,573 | +€62,563 | +33.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €86,075 | €38,258 | -€47,817 | -55.6% |
| Amounts payable within one year | 42/48 | €86,075 | €38,258 | -€47,817 | -55.6% |
| Current portion of amounts payable after more than one year | 42 | €9,466 | €28,259 | +€18,793 | +198.5% |
| Trade debts | 44 | €4,791 | €0 | -€4,791 | -100.0% |
| Suppliers | 440/4 | €4,791 | €0 | -€4,791 | -100.0% |
| Taxes, remuneration and social security | 45 | €69,218 | €8,314 | -€60,904 | -88.0% |
| Taxes | 450/3 | €69,218 | €8,314 | -€60,904 | -88.0% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €2,600 | €1,685 | -€915 | -35.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €299 | €625 | +€325 | +108.6% |
| Other operating charges | 640/8 | €1,045 | €585 | -€460 | -44.0% |
| Gross operating margin | 9900 | €143,449 | €308,110 | +€164,660 | +114.8% |
| Operating profit (loss) | 9901 | €142,105 | €306,900 | +€164,795 | +116.0% |
| Financial income | 75/76B | €1,917 | €1,269 | -€647 | -33.8% |
| Recurring financial income | 75 | €1,917 | €1,269 | -€647 | -33.8% |
| Financial charges | 65/66B | €701 | €1,444 | +€743 | +106.1% |
| Recurring financial charges | 65 | €701 | €1,444 | +€743 | +106.1% |
| Profit (loss) for the period before taxes | 9903 | €143,320 | €306,725 | +€163,404 | +114.0% |
| Income taxes | 67/77 | €30,325 | €72,069 | +€41,744 | +137.7% |
| Profit (loss) for the period | 9904 | €112,995 | €234,656 | +€121,661 | +107.7% |
| Profit (loss) for the period to be appropriated | 9905 | €112,995 | €234,656 | +€121,661 | +107.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.