K.V. 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.V. Construction
Largest movements
- Tangible fixed assets +€21,162
up €21,162 (+40.0%), from €52,921 to €74,083
of which Leasing and similar rights: +€40,874
- Cash +€8,663
up €8,663 (+186.8%), from €4,637 to €13,300
mainly Debts after one year (+€23,294) and Depreciation (+€22,919)
- Stocks and contracts +€8,388
up €8,388 (+67.0%), from €12,520 to €20,908
of which Contracts in progress: +€12,408
- Deferred charges and accrued income +€5,511
up €5,511 (+216.3%), from €2,548 to €8,058
- Receivables within one year +€4,538
up €4,538 (+19.4%), from €23,365 to €27,903
of which Trade receivables: +€6,288
- Debts after one year +€23,294
up €23,294 (+58.7%), from €39,681 to €62,975
- Trade debts +€16,649
up €16,649 (+321.5%), from €5,178 to €21,827
- Reserves +€8,629
up €8,629 (+31.0%), from €27,848 to €36,477
- Current portion of long-term debt +€4,010
up €4,010 (+29.1%), from €13,764 to €17,774
- Tax, wage and social debts -€3,382
down €3,382 (-46.3%), from €7,297 to €3,915
of which Taxes: -€3,382
- Gross operating margin +€14,424
up €14,424 (+68.1%), from €21,180 to €35,604
- Taxes +€1,140
up €1,140, from €0 to €1,140
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 | €96,140 | €144,253 | +€48,113 | +50.0% |
| Fixed assets | 21/28 | €53,070 | €74,083 | +€21,013 | +39.6% |
| Intangible fixed assets | 21 | €149 | €0 | -€149 | -100.0% |
| Tangible fixed assets | 22/27 | €52,921 | €74,083 | +€21,162 | +40.0% |
| Plant, machinery and equipment | 23 | €46,304 | €32,043 | -€14,261 | -30.8% |
| Furniture and vehicles | 24 | €6,616 | €1,166 | -€5,450 | -82.4% |
| Leasing and similar rights | 25 | - | €40,874 | +€40,874 | |
| Current assets | 29/58 | €43,070 | €70,170 | +€27,100 | +62.9% |
| Stocks and contracts in progress | 3 | €12,520 | €20,908 | +€8,388 | +67.0% |
| Stocks | 30/36 | €7,520 | €3,500 | -€4,020 | -53.5% |
| Contracts in progress | 37 | €5,000 | €17,408 | +€12,408 | +248.2% |
| Amounts receivable within one year | 40/41 | €23,365 | €27,903 | +€4,538 | +19.4% |
| Trade receivables | 40 | €17,055 | €23,342 | +€6,288 | +36.9% |
| Other amounts receivable | 41 | €6,310 | €4,561 | -€1,750 | -27.7% |
| Cash at bank and in hand | 54/58 | €4,637 | €13,300 | +€8,663 | +186.8% |
| Deferred charges and accrued income | 490/1 | €2,548 | €8,058 | +€5,511 | +216.3% |
| Total equity and liabilities | 10/49 | €96,140 | €144,253 | +€48,113 | +50.0% |
| Equity | 10/15 | €28,848 | €37,477 | +€8,629 | +29.9% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €27,848 | €36,477 | +€8,629 | +31.0% |
| Distributable reserves | 133 | €27,848 | €36,477 | +€8,629 | +31.0% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €67,292 | €106,775 | +€39,484 | +58.7% |
| Amounts payable after more than one year | 17 | €39,681 | €62,975 | +€23,294 | +58.7% |
| Financial debts | 170/4 | €39,681 | €62,975 | +€23,294 | +58.7% |
| Amounts payable within one year | 42/48 | €27,611 | €43,801 | +€16,190 | +58.6% |
| Current portion of amounts payable after more than one year | 42 | €13,764 | €17,774 | +€4,010 | +29.1% |
| Trade debts | 44 | €5,178 | €21,827 | +€16,649 | +321.5% |
| Suppliers | 440/4 | €5,178 | €21,827 | +€16,649 | +321.5% |
| Taxes, remuneration and social security | 45 | €7,297 | €3,915 | -€3,382 | -46.3% |
| Taxes | 450/3 | €5,797 | €2,415 | -€3,382 | -58.3% |
| Remuneration and social security | 454/9 | €1,500 | €1,500 | = | 0.0% |
| Other amounts payable | 47/48 | €1,372 | €285 | -€1,087 | -79.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,907 | €22,919 | +€12 | +0.1% |
| Other operating charges | 640/8 | €749 | €988 | +€239 | +32.0% |
| Gross operating margin | 9900 | €21,180 | €35,604 | +€14,424 | +68.1% |
| Operating profit (loss) | 9901 | -€2,476 | €11,697 | +€14,173 | |
| Financial income | 75/76B | €55 | €0 | -€54 | -99.3% |
| Recurring financial income | 75 | €55 | €0 | -€54 | -99.3% |
| Financial charges | 65/66B | €1,852 | €1,928 | +€76 | +4.1% |
| Recurring financial charges | 65 | €1,852 | €1,928 | +€76 | +4.1% |
| Profit (loss) for the period before taxes | 9903 | -€4,274 | €9,769 | +€14,043 | |
| Income taxes | 67/77 | €0 | €1,140 | +€1,140 | |
| Profit (loss) for the period | 9904 | -€4,274 | €8,629 | +€12,903 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,274 | €8,629 | +€12,903 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.