KaH Building: what changed
What changed
KaH Building
NACE 68.121, Development of residential building projects
filed annual accounts (NBB)
Net result for the year
-€23,795
2024 · €48,752-€72,547
Equity
€61,222
2024 · €85,017-€23,795
Cash
€45,186
2024 · €48,191-€3,005
Balance sheet total
€223,717
2024 · €394,755-€171,039
Largest movements
Assets
- Stocks and contracts -€216,915
down €216,915 (-72.4%), from €299,446 to €82,531
- Receivables within one year +€47,581
up €47,581 (+573%), from €8,303 to €55,883
of which Other amounts receivable: +€47,549
Equity and liabilities
- Short-term financial debts -€155,865
down €155,865 (-100%), from €155,865 to €0
- Trade debts +€38,059
up €38,059 (+350%), from €10,880 to €48,938
- Reserves -€23,795
down €23,795 (-39.6%), from €60,017 to €36,222
- Debts after one year -€20,068
down €20,068 (-16.0%), from €125,591 to €105,523
of which Other amounts payable: -€14,183
- Tax, wage and social debts -€9,587
down €9,587 (-81.7%), from €11,735 to €2,148
of which Taxes: -€11,587
Income statement
- Gross operating margin -€80,816
down €80,816, from €76,035 to -€4,781
- Taxes -€11,587
down €11,587 (-98.7%), from €11,735 to €148
- Depreciation +€5,940
up €5,940 (+216%), from €2,748 to €8,688
- Financial charges -€3,483
down €3,483 (-29.9%), from €11,655 to €8,172
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
€48,752
Gross operating margin
-€80,816
Depreciation
-€5,940
Other operating charges
-€694
Financial income
-€167
Financial charges
+€3,483
Taxes
+€11,587
Result 2025
-€23,795
raises the resultlowers the result
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
+€183,186
Investment
-€10,476
Financing
-€175,715
Cash 2024
€48,191
From operations (derived)
+€183,186
Net result for the year
-€23,795
Depreciation
+€8,688
Stocks and contracts
+€216,915
Receivables within one year
-€47,581
Deferred charges and accrued income
+€487
Trade debts
+€38,059
Tax, wage and social debts
-€9,587
Investment (derived)
-€10,476
Investment in fixed assets (net)
-€10,476
Financing
-€175,715
Debts after one year
-€20,068
Current portion of long-term debt
+€218
Short-term financial debts
-€155,865
Cash 2025
€45,186
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €394,755 | €223,717 | -€171,039 | -43.3% |
| Fixed assets | 21/28 | €38,117 | €39,904 | +€1,788 | +4.7% |
| Tangible fixed assets | 22/27 | €35,867 | €37,654 | +€1,788 | +5.0% |
| Plant, machinery and equipment | 23 | €6,079 | €13,023 | +€6,944 | +114% |
| Furniture and vehicles | 24 | €1,564 | €2,452 | +€888 | +56.7% |
| Leasing and similar rights | 25 | €28,223 | €22,179 | -€6,044 | -21.4% |
| Financial fixed assets | 28 | €2,250 | €2,250 | = | 0.0% |
| Current assets | 29/58 | €356,639 | €183,813 | -€172,826 | -48.5% |
| Stocks and contracts in progress | 3 | €299,446 | €82,531 | -€216,915 | -72.4% |
| Stocks | 30/36 | €299,446 | €82,531 | -€216,915 | -72.4% |
| Amounts receivable within one year | 40/41 | €8,303 | €55,883 | +€47,581 | +573% |
| Trade receivables | 40 | €0 | €31 | +€31 | |
| Other amounts receivable | 41 | €8,303 | €55,852 | +€47,549 | +573% |
| Cash at bank and in hand | 54/58 | €48,191 | €45,186 | -€3,005 | -6.2% |
| Deferred charges and accrued income | 490/1 | €699 | €212 | -€487 | -69.6% |
| Total equity and liabilities | 10/49 | €394,755 | €223,717 | -€171,039 | -43.3% |
| Equity | 10/15 | €85,017 | €61,222 | -€23,795 | -28.0% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €60,017 | €36,222 | -€23,795 | -39.6% |
| Distributable reserves | 133 | €60,017 | €36,222 | -€23,795 | -39.6% |
| Amounts payable | 17/49 | €309,739 | €162,495 | -€147,243 | -47.5% |
| Amounts payable after more than one year | 17 | €125,591 | €105,523 | -€20,068 | -16.0% |
| Financial debts | 170/4 | €22,712 | €16,827 | -€5,886 | -25.9% |
| Other amounts payable | 178/9 | €102,879 | €88,696 | -€14,183 | -13.8% |
| Amounts payable within one year | 42/48 | €184,147 | €56,972 | -€127,175 | -69.1% |
| Current portion of amounts payable after more than one year | 42 | €5,667 | €5,886 | +€218 | +3.9% |
| Financial debts | 43 | €155,865 | €0 | -€155,865 | -100% |
| Credit institutions | 430/8 | €155,865 | €0 | -€155,865 | -100% |
| Trade debts | 44 | €10,880 | €48,938 | +€38,059 | +350% |
| Suppliers | 440/4 | €10,880 | €48,938 | +€38,059 | +350% |
| Taxes, remuneration and social security | 45 | €11,735 | €2,148 | -€9,587 | -81.7% |
| Taxes | 450/3 | €11,735 | €148 | -€11,587 | -98.7% |
| Remuneration and social security | 454/9 | - | €2,000 | +€2,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,748 | €8,688 | +€5,940 | +216% |
| Other operating charges | 640/8 | €1,312 | €2,006 | +€694 | +52.9% |
| Gross operating margin | 9900 | €76,035 | -€4,781 | -€80,816 | |
| Operating profit (loss) | 9901 | €71,975 | -€15,475 | -€87,450 | |
| Financial income | 75/76B | €167 | €0 | -€167 | -100% |
| Recurring financial income | 75 | €167 | €0 | -€167 | -100% |
| Financial charges | 65/66B | €11,655 | €8,172 | -€3,483 | -29.9% |
| Recurring financial charges | 65 | €11,655 | €8,172 | -€3,483 | -29.9% |
| Profit (loss) for the period before taxes | 9903 | €60,487 | -€23,647 | -€84,134 | |
| Income taxes | 67/77 | €11,735 | €148 | -€11,587 | -98.7% |
| Profit (loss) for the period | 9904 | €48,752 | -€23,795 | -€72,547 | |
| Profit (loss) for the period to be appropriated | 9905 | €48,752 | -€23,795 | -€72,547 |
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.