KB Constructie: 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.
KB Constructie
Largest movements
- Cash +€80,740
up €80,740 (+47.3%), from €170,860 to €251,600
mainly Trade debts (+€83,885) and Depreciation (+€59,006)
- Receivables within one year +€55,616
up €55,616 (+57.1%), from €97,324 to €152,940
of which Trade receivables: +€71,557
- Tangible fixed assets -€21,799
down €21,799 (-13.7%), from €159,139 to €137,340
of which Furniture and vehicles: -€12,347
- Trade debts +€83,885
up €83,885 (+125%), from €67,185 to €151,070
- Profit (loss) carried forward +€30,575
up €30,575 (+19.5%), from €156,748 to €187,322
- Tax, wage and social debts +€12,422
up €12,422 (+283%), from €4,384 to €16,806
of which Taxes: +€12,395
- Debts after one year -€12,139
down €12,139 (-17.7%), from €68,461 to €56,322
- Current portion of long-term debt +€7,758
up €7,758 (+26.5%), from €29,258 to €37,015
- Gross operating margin +€55,866
up €55,866 (+61.8%), from €90,419 to €146,286
- Depreciation +€27,201
up €27,201 (+85.5%), from €31,805 to €59,006
- Taxes +€7,303
up €7,303 (+48.7%), from €14,991 to €22,295
- Other operating charges +€4,588
up €4,588 (+198%), from €2,322 to €6,911
- Financial charges +€3,098
up €3,098 (+43.7%), from €7,082 to €10,180
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 | €511,410 | €626,456 | +€115,046 | +22.5% |
| Fixed assets | 21/28 | €177,981 | €156,182 | -€21,799 | -12.2% |
| Tangible fixed assets | 22/27 | €159,139 | €137,340 | -€21,799 | -13.7% |
| Plant, machinery and equipment | 23 | €42,620 | €33,168 | -€9,452 | -22.2% |
| Furniture and vehicles | 24 | €116,519 | €104,171 | -€12,347 | -10.6% |
| Financial fixed assets | 28 | €18,842 | €18,842 | = | 0.0% |
| Current assets | 29/58 | €333,429 | €470,274 | +€136,845 | +41.0% |
| Amounts receivable after more than one year | 29 | €45,000 | €45,000 | = | 0.0% |
| Other amounts receivable | 291 | €45,000 | €45,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €10,300 | €9,625 | -€675 | -6.6% |
| Stocks | 30/36 | €10,300 | €9,625 | -€675 | -6.6% |
| Amounts receivable within one year | 40/41 | €97,324 | €152,940 | +€55,616 | +57.1% |
| Trade receivables | 40 | €80,971 | €152,528 | +€71,557 | +88.4% |
| Other amounts receivable | 41 | €16,353 | €412 | -€15,942 | -97.5% |
| Cash at bank and in hand | 54/58 | €170,860 | €251,600 | +€80,740 | +47.3% |
| Deferred charges and accrued income | 490/1 | €9,945 | €11,109 | +€1,164 | +11.7% |
| Total equity and liabilities | 10/49 | €511,410 | €626,456 | +€115,046 | +22.5% |
| Equity | 10/15 | €277,818 | €308,392 | +€30,575 | +11.0% |
| Contributions | 10/11 | €120,000 | €120,000 | = | 0.0% |
| Reserves | 13 | €1,070 | €1,070 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,070 | €1,070 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,070 | €1,070 | = | 0.0% |
| Profit (loss) carried forward | 14 | €156,748 | €187,322 | +€30,575 | +19.5% |
| Amounts payable | 17/49 | €233,592 | €318,063 | +€84,471 | +36.2% |
| Amounts payable after more than one year | 17 | €68,461 | €56,322 | -€12,139 | -17.7% |
| Financial debts | 170/4 | €68,461 | €56,322 | -€12,139 | -17.7% |
| Amounts payable within one year | 42/48 | €158,003 | €257,868 | +€99,865 | +63.2% |
| Current portion of amounts payable after more than one year | 42 | €29,258 | €37,015 | +€7,758 | +26.5% |
| Trade debts | 44 | €67,185 | €151,070 | +€83,885 | +125% |
| Suppliers | 440/4 | €67,185 | €151,070 | +€83,885 | +125% |
| Advances received on contracts in progress | 46 | €23,600 | €20,000 | -€3,600 | -15.3% |
| Taxes, remuneration and social security | 45 | €4,384 | €16,806 | +€12,422 | +283% |
| Taxes | 450/3 | €563 | €12,958 | +€12,395 | +2,203% |
| Remuneration and social security | 454/9 | €3,821 | €3,848 | +€27 | +0.7% |
| Other amounts payable | 47/48 | €33,576 | €32,976 | -€600 | -1.8% |
| Accrued charges and deferred income | 492/3 | €7,128 | €3,874 | -€3,255 | -45.7% |
| Non-recurring operating income | 76A | €7,500 | - | -€7,500 | |
| Remuneration, social security and pensions | 62 | -€213 | - | +€213 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,805 | €59,006 | +€27,201 | +85.5% |
| Other operating charges | 640/8 | €2,322 | €6,911 | +€4,588 | +198% |
| Non-recurring operating charges | 66A | - | €189 | +€189 | |
| Gross operating margin | 9900 | €90,419 | €146,286 | +€55,866 | +61.8% |
| Operating profit (loss) | 9901 | €56,505 | €80,181 | +€23,676 | +41.9% |
| Financial income | 75/76B | €1,854 | €1,808 | -€46 | -2.5% |
| Recurring financial income | 75 | €1,854 | €1,808 | -€46 | -2.5% |
| Financial charges | 65/66B | €7,082 | €10,180 | +€3,098 | +43.7% |
| Recurring financial charges | 65 | €7,082 | €10,180 | +€3,098 | +43.7% |
| Profit (loss) for the period before taxes | 9903 | €51,277 | €71,809 | +€20,532 | +40.0% |
| Income taxes | 67/77 | €14,991 | €22,295 | +€7,303 | +48.7% |
| Profit (loss) for the period | 9904 | €36,286 | €49,515 | +€13,229 | +36.5% |
| Profit (loss) for the period to be appropriated | 9905 | €36,286 | €49,515 | +€13,229 | +36.5% |
Source: filed annual accounts (NBB), financial years ended 30 November 2024 and 30 November 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.