K&Y Projects: what changed
What changed
K&Y Projects
NACE 43.350, Other building finishing work
filed annual accounts (NBB)
Net result for the year
€5,447
2024 · €499+€4,948
Equity
€29,130
2024 · €23,683+€5,447
Cash
-
not filed
Balance sheet total
€212,949
2024 · €126,016+€86,932
Largest movements
Assets
- Tangible fixed assets +€90,587
up €90,587 (+101%), from €89,675 to €180,263
of which Furniture and vehicles: +€84,840
- Stocks and contracts -€2,560
down €2,560 (-8.5%), from €30,085 to €27,525
of which Contracts in progress: -€2,035
Equity and liabilities
- Debts after one year +€48,132
up €48,132 (+181%), from €26,653 to €74,786
- Reserves +€17,130
up €17,130 (+171%), from €10,000 to €27,130
- Trade debts +€15,105
up €15,105 (+228%), from €6,619 to €21,724
- Current portion of long-term debt +€14,449
up €14,449 (+128%), from €11,277 to €25,727
- Profit (loss) carried forward -€11,683
down €11,683 (-100%), from €11,683 to €0
Income statement
- Gross operating margin +€17,247
up €17,247 (+64.9%), from €26,561 to €43,807
- Depreciation +€4,536
up €4,536 (+16.4%), from €27,664 to €32,200
- Financial income -€1,021
down €1,021 (-56.8%), from €1,797 to €776
- Financial charges +€706
up €706 (+28.2%), from €2,504 to €3,210
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
€499
Gross operating margin
+€17,247
Depreciation
-€4,536
Other operating charges
+€147
Financial income
-€1,021
Financial charges
-€706
Taxes
-€422
Deferred taxes and other
-€5,761
Result 2025
€5,447
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
Cash or the result is not a separate line in both sets of accounts. So the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €126,016 | €212,949 | +€86,932 | +69.0% |
| Fixed assets | 21/28 | €89,675 | €180,263 | +€90,587 | +101% |
| Tangible fixed assets | 22/27 | €89,675 | €180,263 | +€90,587 | +101% |
| Plant, machinery and equipment | 23 | €2,434 | €8,182 | +€5,747 | +236% |
| Furniture and vehicles | 24 | €87,241 | €172,081 | +€84,840 | +97.2% |
| Current assets | 29/58 | €36,341 | €32,686 | -€3,655 | -10.1% |
| Stocks and contracts in progress | 3 | €30,085 | €27,525 | -€2,560 | -8.5% |
| Stocks | 30/36 | €9,050 | €8,525 | -€525 | -5.8% |
| Contracts in progress | 37 | €21,035 | €19,000 | -€2,035 | -9.7% |
| Amounts receivable within one year | 40/41 | €4,370 | €3,386 | -€984 | -22.5% |
| Trade receivables | 40 | €3,615 | €1,685 | -€1,930 | -53.4% |
| Other amounts receivable | 41 | €755 | €1,701 | +€946 | +125% |
| Deferred charges and accrued income | 490/1 | €1,886 | €1,775 | -€111 | -5.9% |
| Total equity and liabilities | 10/49 | €126,016 | €212,949 | +€86,932 | +69.0% |
| Equity | 10/15 | €23,683 | €29,130 | +€5,447 | +23.0% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Capital | 10 | €2,000 | - | -€2,000 | |
| Issued capital | 100 | €2,000 | - | -€2,000 | |
| Reserves | 13 | €10,000 | €27,130 | +€17,130 | +171% |
| Distributable reserves | 133 | €10,000 | €27,130 | +€17,130 | +171% |
| Profit (loss) carried forward | 14 | €11,683 | €0 | -€11,683 | -100% |
| Amounts payable | 17/49 | €102,334 | €183,819 | +€81,485 | +79.6% |
| Amounts payable after more than one year | 17 | €26,653 | €74,786 | +€48,132 | +181% |
| Financial debts | 170/4 | €26,653 | €74,786 | +€48,132 | +181% |
| Amounts payable within one year | 42/48 | €75,680 | €109,033 | +€33,353 | +44.1% |
| Current portion of amounts payable after more than one year | 42 | €11,277 | €25,727 | +€14,449 | +128% |
| Financial debts | 43 | - | €5,156 | +€5,156 | |
| Credit institutions | 430/8 | - | €5,156 | +€5,156 | |
| Trade debts | 44 | €6,619 | €21,724 | +€15,105 | +228% |
| Suppliers | 440/4 | €6,619 | €21,724 | +€15,105 | +228% |
| Taxes, remuneration and social security | 45 | €5,071 | €12,750 | +€7,680 | +151% |
| Taxes | 450/3 | €5,071 | €10,017 | +€4,947 | +97.6% |
| Remuneration and social security | 454/9 | - | €2,733 | +€2,733 | |
| Other amounts payable | 47/48 | €52,714 | €43,676 | -€9,038 | -17.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,664 | €32,200 | +€4,536 | +16.4% |
| Other operating charges | 640/8 | €2,451 | €2,304 | -€147 | -6.0% |
| Gross operating margin | 9900 | €26,561 | €43,807 | +€17,247 | +64.9% |
| Operating profit (loss) | 9901 | -€3,555 | €9,304 | +€12,858 | |
| Financial income | 75/76B | €1,797 | €776 | -€1,021 | -56.8% |
| Recurring financial income | 75 | €1,797 | €776 | -€1,021 | -56.8% |
| Financial charges | 65/66B | €2,504 | €3,210 | +€706 | +28.2% |
| Recurring financial charges | 65 | €2,504 | €3,210 | +€706 | +28.2% |
| Profit (loss) for the period before taxes | 9903 | -€4,262 | €6,870 | +€11,131 | |
| Transfer from deferred taxes | 780 | €5,761 | €0 | -€5,761 | -100% |
| Income taxes | 67/77 | €1,000 | €1,422 | +€422 | +42.2% |
| Profit (loss) for the period | 9904 | €499 | €5,447 | +€4,948 | +991% |
| Profit (loss) for the period to be appropriated | 9905 | €499 | €5,447 | +€4,948 | +991% |
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 5 November 2026 via checked.be.