K&S PROJECTS: what changed
What changed
K&S PROJECTS
NACE 43.320, Joinery installation
filed annual accounts (NBB)
Net result for the year
-€24,714
2024 · €15,264-€39,977
Equity
€43,513
2024 · €68,227-€24,714
Cash
€3
2024 · €22-€19
Balance sheet total
€166,500
2024 · €178,102-€11,601
Largest movements
Assets
- Receivables within one year -€26,368
down €26,368 (-22.7%), from €116,394 to €90,026
of which Trade receivables: -€69,333
- Stocks and contracts +€15,710
up €15,710 (+30.9%), from €50,841 to €66,551
of which Stocks: +€9,946
- Deferred charges and accrued income +€2,040
up €2,040 (+37.3%), from €5,473 to €7,513
- Tangible fixed assets -€1,900
down €1,900 (-44.1%), from €4,306 to €2,406
of which Furniture and vehicles: -€1,409
Equity and liabilities
- Trade debts +€38,019
up €38,019 (+118%), from €32,226 to €70,244
- Reserves -€24,096
down €24,096 (-56.6%), from €42,610 to €18,513
- Other debts -€21,180
down €21,180 (-100%), from €21,180 to €0
- Short-term financial debts -€2,510
down €2,510 (-5.1%), from €49,217 to €46,707
Income statement
- Gross operating margin -€134,741
down €134,741 (-65.8%), from €204,913 to €70,173
- Staff costs -€87,101
down €87,101 (-55.1%), from €158,116 to €71,016
- Other operating charges -€18,710
down €18,710 (-95.8%), from €19,530 to €820
- Write-downs +€14,637
new in 2025: €14,637
- Taxes -€5,263
down €5,263 (-100%), from €5,263 to €0
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€15,264
Gross operating margin
-€134,741
Staff costs
+€87,101
Depreciation
-€210
Write-downs
-€14,637
Other operating charges
+€18,710
Other operating items
-€121
Financial income
-€1,129
Financial charges
-€214
Taxes
+€5,263
Result 2025
-€24,714
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€1,426
Investment
+€1,065
Financing
-€2,510
Cash 2024
€22
From operations (derived)
+€1,426
Net result for the year
-€24,714
Depreciation
+€1,900
Stocks and contracts
-€15,710
Receivables within one year
+€26,368
Deferred charges and accrued income
-€2,040
Trade debts
+€38,019
Tax, wage and social debts
-€1,762
Other debts
-€21,180
Accrued charges and deferred income
+€545
Investment (derived)
+€1,065
Investment in fixed assets (net)
+€1,065
Financing
-€2,510
Short-term financial debts
-€2,510
Cash 2025
€3
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €178,102 | €166,500 | -€11,601 | -6.5% |
| Fixed assets | 21/28 | €5,371 | €2,406 | -€2,965 | -55.2% |
| Tangible fixed assets | 22/27 | €4,306 | €2,406 | -€1,900 | -44.1% |
| Plant, machinery and equipment | 23 | €1,828 | €1,337 | -€491 | -26.9% |
| Furniture and vehicles | 24 | €2,478 | €1,069 | -€1,409 | -56.9% |
| Financial fixed assets | 28 | €1,065 | €0 | -€1,065 | -100% |
| Current assets | 29/58 | €172,731 | €164,094 | -€8,636 | -5.0% |
| Stocks and contracts in progress | 3 | €50,841 | €66,551 | +€15,710 | +30.9% |
| Stocks | 30/36 | €43,607 | €53,552 | +€9,946 | +22.8% |
| Contracts in progress | 37 | €7,235 | €12,999 | +€5,765 | +79.7% |
| Amounts receivable within one year | 40/41 | €116,394 | €90,026 | -€26,368 | -22.7% |
| Trade receivables | 40 | €116,394 | €47,061 | -€69,333 | -59.6% |
| Other amounts receivable | 41 | €0 | €42,965 | +€42,965 | |
| Cash at bank and in hand | 54/58 | €22 | €3 | -€19 | -84.7% |
| Deferred charges and accrued income | 490/1 | €5,473 | €7,513 | +€2,040 | +37.3% |
| Total equity and liabilities | 10/49 | €178,102 | €166,500 | -€11,601 | -6.5% |
| Equity | 10/15 | €68,227 | €43,513 | -€24,714 | -36.2% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €42,610 | €18,513 | -€24,096 | -56.6% |
| Distributable reserves | 133 | €42,610 | €18,513 | -€24,096 | -56.6% |
| Profit (loss) carried forward | 14 | €617 | €0 | -€617 | -100% |
| Amounts payable | 17/49 | €109,875 | €122,987 | +€13,112 | +11.9% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €109,672 | €122,239 | +€12,567 | +11.5% |
| Financial debts | 43 | €49,217 | €46,707 | -€2,510 | -5.1% |
| Credit institutions | 430/8 | €49,217 | €46,707 | -€2,510 | -5.1% |
| Trade debts | 44 | €32,226 | €70,244 | +€38,019 | +118% |
| Suppliers | 440/4 | €32,226 | €70,244 | +€38,019 | +118% |
| Taxes, remuneration and social security | 45 | €7,049 | €5,287 | -€1,762 | -25.0% |
| Taxes | 450/3 | €4,273 | €1,695 | -€2,577 | -60.3% |
| Remuneration and social security | 454/9 | €2,777 | €3,592 | +€815 | +29.4% |
| Other amounts payable | 47/48 | €21,180 | €0 | -€21,180 | -100% |
| Accrued charges and deferred income | 492/3 | €203 | €748 | +€545 | +269% |
| Remuneration, social security and pensions | 62 | €158,116 | €71,016 | -€87,101 | -55.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,690 | €1,900 | +€210 | +12.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €14,637 | +€14,637 | |
| Other operating charges | 640/8 | €19,530 | €820 | -€18,710 | -95.8% |
| Non-recurring operating charges | 66A | €0 | €121 | +€121 | |
| Gross operating margin | 9900 | €204,913 | €70,173 | -€134,741 | -65.8% |
| Operating profit (loss) | 9901 | €25,577 | -€18,320 | -€43,897 | |
| Financial income | 75/76B | €1,735 | €606 | -€1,129 | -65.1% |
| Recurring financial income | 75 | €1,735 | €606 | -€1,129 | -65.1% |
| Financial charges | 65/66B | €6,785 | €6,999 | +€214 | +3.2% |
| Recurring financial charges | 65 | €6,785 | €6,999 | +€214 | +3.2% |
| Profit (loss) for the period before taxes | 9903 | €20,527 | -€24,714 | -€45,240 | |
| Income taxes | 67/77 | €5,263 | €0 | -€5,263 | -100% |
| Profit (loss) for the period | 9904 | €15,264 | -€24,714 | -€39,977 | |
| Profit (loss) for the period to be appropriated | 9905 | €15,264 | -€24,714 | -€39,977 |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.