KB CONSTRUCT: what changed
Two fiscal 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.
KB CONSTRUCT
Largest movements
- Receivables within one year +€14,600
up €14,600 (+49.9%), from €29,246 to €43,846
- Cash -€3,889
down €3,889 (-87.3%), from €4,457 to €568
mainly Receivables within one year (-€14,600) and Net result for the year (-€11,067)
- Tangible fixed assets -€3,502
down €3,502 (-50.0%), from €7,004 to €3,502
- Trade debts +€15,057
up €15,057 (+2440.4%), from €617 to €15,674
- Profit (loss) carried forward -€11,067
down €11,067 (-27.1%), from -€40,817 to -€51,884
- Tax, wage and social debts +€3,228
up €3,228 (+200.2%), from €1,612 to €4,840
of which Remuneration and social security: +€2,648
- Purchases and services +€100,773
up €100,773 (+391.1%), from €25,769 to €126,542
- Turnover +€91,950
up €91,950 (+284.9%), from €32,274 to €124,224
- Gross operating margin -€10,415
down €10,415, from €8,097 to -€2,318
- Staff costs +€4,630
new in 2025: €4,630
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 | €141,216 | €148,425 | +€7,209 | +5.1% |
| Fixed assets | 21/28 | €7,004 | €3,502 | -€3,502 | -50.0% |
| Tangible fixed assets | 22/27 | €7,004 | €3,502 | -€3,502 | -50.0% |
| Furniture and vehicles | 24 | €7,004 | €3,502 | -€3,502 | -50.0% |
| Current assets | 29/58 | €134,212 | €144,923 | +€10,711 | +8.0% |
| Stocks and contracts in progress | 3 | €100,509 | €100,509 | = | 0.0% |
| Stocks | 30/36 | €100,509 | €100,509 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €29,246 | €43,846 | +€14,600 | +49.9% |
| Trade receivables | 40 | €29,246 | €43,846 | +€14,600 | +49.9% |
| Cash at bank and in hand | 54/58 | €4,457 | €568 | -€3,889 | -87.3% |
| Total equity and liabilities | 10/49 | €141,216 | €148,425 | +€7,209 | +5.1% |
| Equity | 10/15 | -€32,757 | -€43,824 | -€11,067 | -33.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Capital | 10 | €6,200 | €6,200 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€40,817 | -€51,884 | -€11,067 | -27.1% |
| Amounts payable | 17/49 | €173,973 | €192,249 | +€18,276 | +10.5% |
| Amounts payable within one year | 42/48 | €173,973 | €192,249 | +€18,276 | +10.5% |
| Trade debts | 44 | €617 | €15,674 | +€15,057 | +2440.4% |
| Suppliers | 440/4 | €617 | €15,674 | +€15,057 | +2440.4% |
| Taxes, remuneration and social security | 45 | €1,612 | €4,840 | +€3,228 | +200.2% |
| Taxes | 450/3 | €1,612 | €2,192 | +€580 | +36.0% |
| Remuneration and social security | 454/9 | - | €2,648 | +€2,648 | |
| Other amounts payable | 47/48 | €171,744 | €171,735 | -€9 | 0.0% |
| Turnover | 70 | €32,274 | €124,224 | +€91,950 | +284.9% |
| Non-recurring operating income | 76A | €1,592 | - | -€1,592 | |
| Goods, raw materials, services and sundry goods | 60/61 | €25,769 | €126,542 | +€100,773 | +391.1% |
| Remuneration, social security and pensions | 62 | - | €4,630 | +€4,630 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,502 | €3,502 | = | 0.0% |
| Other operating charges | 640/8 | €1,734 | €527 | -€1,207 | -69.6% |
| Gross operating margin | 9900 | €8,097 | -€2,318 | -€10,415 | |
| Operating profit (loss) | 9901 | €2,861 | -€10,977 | -€13,838 | |
| Financial income | 75/76B | €5 | - | -€5 | |
| Recurring financial income | 75 | €5 | - | -€5 | |
| Financial charges | 65/66B | €184 | €90 | -€94 | -51.1% |
| Recurring financial charges | 65 | €184 | €90 | -€94 | -51.1% |
| Profit (loss) for the period before taxes | 9903 | €2,682 | -€11,067 | -€13,749 | |
| Profit (loss) for the period | 9904 | €2,682 | -€11,067 | -€13,749 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,682 | -€11,067 | -€13,749 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.