K.V. Projects: 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. Projects
Largest movements
- Cash -€152,952
down €152,952 (-61.8%), from €247,398 to €94,446
mainly Current investments (-€140,000) and Other debts (-€108,794)
- Current investments +€140,000
new in 2025: €140,000
- Tangible fixed assets -€33,248
down €33,248 (-3.8%), from €864,501 to €831,253
of which Land and buildings: -€32,146
- Other debts -€108,794
down €108,794 (-78.0%), from €139,532 to €30,738
- Reserves +€105,902
up €105,902 (+12.9%), from €822,296 to €928,199
- Debts after one year -€34,168
down €34,168 (-49.2%), from €69,447 to €35,279
of which Financial debts: -€34,168
- Gross operating margin -€15,714
down €15,714 (-7.4%), from €213,386 to €197,672
- Financial charges -€6,725
down €6,725 (-48.4%), from €13,890 to €7,165
- Taxes -€4,252
down €4,252 (-8.6%), from €49,377 to €45,125
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 | €1,149,701 | €1,106,972 | -€42,728 | -3.7% |
| Fixed assets | 21/28 | €864,501 | €831,253 | -€33,248 | -3.8% |
| Tangible fixed assets | 22/27 | €864,501 | €831,253 | -€33,248 | -3.8% |
| Land and buildings | 22 | €862,397 | €830,252 | -€32,146 | -3.7% |
| Furniture and vehicles | 24 | €2,104 | €1,002 | -€1,102 | -52.4% |
| Current assets | 29/58 | €285,200 | €275,719 | -€9,481 | -3.3% |
| Amounts receivable within one year | 40/41 | €23,383 | €23,383 | = | 0.0% |
| Trade receivables | 40 | €23,383 | €23,383 | = | 0.0% |
| Current investments | 50/53 | - | €140,000 | +€140,000 | |
| Cash at bank and in hand | 54/58 | €247,398 | €94,446 | -€152,952 | -61.8% |
| Deferred charges and accrued income | 490/1 | €14,419 | €17,891 | +€3,471 | +24.1% |
| Total equity and liabilities | 10/49 | €1,149,701 | €1,106,972 | -€42,728 | -3.7% |
| Equity | 10/15 | €872,296 | €978,199 | +€105,902 | +12.1% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €822,296 | €928,199 | +€105,902 | +12.9% |
| Distributable reserves | 133 | €822,296 | €928,199 | +€105,902 | +12.9% |
| Amounts payable | 17/49 | €277,404 | €128,774 | -€148,631 | -53.6% |
| Amounts payable after more than one year | 17 | €69,447 | €35,279 | -€34,168 | -49.2% |
| Financial debts | 170/4 | €68,997 | €34,829 | -€34,168 | -49.5% |
| Other amounts payable | 178/9 | €450 | €450 | = | 0.0% |
| Amounts payable within one year | 42/48 | €194,655 | €85,386 | -€109,268 | -56.1% |
| Current portion of amounts payable after more than one year | 42 | €33,520 | €34,168 | +€648 | +1.9% |
| Trade debts | 44 | €637 | €6,633 | +€5,996 | +941% |
| Suppliers | 440/4 | €637 | €6,633 | +€5,996 | +941% |
| Taxes, remuneration and social security | 45 | €20,966 | €13,847 | -€7,119 | -34.0% |
| Taxes | 450/3 | €20,966 | €13,847 | -€7,119 | -34.0% |
| Other amounts payable | 47/48 | €139,532 | €30,738 | -€108,794 | -78.0% |
| Accrued charges and deferred income | 492/3 | €13,303 | €8,109 | -€5,194 | -39.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,719 | €33,947 | +€228 | +0.7% |
| Other operating charges | 640/8 | €6,651 | €6,901 | +€250 | +3.8% |
| Gross operating margin | 9900 | €213,386 | €197,672 | -€15,714 | -7.4% |
| Operating profit (loss) | 9901 | €173,017 | €156,824 | -€16,193 | -9.4% |
| Financial income | 75/76B | €2,740 | €1,368 | -€1,373 | -50.1% |
| Recurring financial income | 75 | €2,740 | €1,368 | -€1,373 | -50.1% |
| Financial charges | 65/66B | €13,890 | €7,165 | -€6,725 | -48.4% |
| Recurring financial charges | 65 | €13,890 | €7,165 | -€6,725 | -48.4% |
| Profit (loss) for the period before taxes | 9903 | €161,868 | €151,027 | -€10,841 | -6.7% |
| Income taxes | 67/77 | €49,377 | €45,125 | -€4,252 | -8.6% |
| Profit (loss) for the period | 9904 | €112,491 | €105,902 | -€6,588 | -5.9% |
| Profit (loss) for the period to be appropriated | 9905 | €112,491 | €105,902 | -€6,588 | -5.9% |
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 29 October 2026 via checked.be.