KBX PROJECTS: 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.
KBX PROJECTS
Largest movements
- Stocks and contracts +€41,186
up €41,186 (+70.0%), from €58,814 to €100,000
- Receivables within one year -€31,219
down €31,219 (-96.6%), from €32,307 to €1,088
- Cash +€8,646
up €8,646 (+868.3%), from €996 to €9,641
mainly Receivables within one year (+€31,219) and Other debts (+€17,634)
- Deferred charges and accrued income +€3,647
up €3,647 (+155.0%), from €2,353 to €6,000
- Other debts +€17,634
new in 2025: €17,634
- Reserves +€4,588
up €4,588 (+5.2%), from €88,024 to €92,612
- Gross operating margin +€9,691
up €9,691, from -€1,490 to €8,201
- Other operating charges +€2,357
up €2,357 (+1160.6%), from €203 to €2,560
- Taxes +€913
new in 2025: €913
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 | €94,469 | €116,729 | +€22,260 | +23.6% |
| Current assets | 29/58 | €94,469 | €116,729 | +€22,260 | +23.6% |
| Stocks and contracts in progress | 3 | €58,814 | €100,000 | +€41,186 | +70.0% |
| Stocks | 30/36 | €58,814 | €100,000 | +€41,186 | +70.0% |
| Amounts receivable within one year | 40/41 | €32,307 | €1,088 | -€31,219 | -96.6% |
| Other amounts receivable | 41 | €32,307 | €1,088 | -€31,219 | -96.6% |
| Cash at bank and in hand | 54/58 | €996 | €9,641 | +€8,646 | +868.3% |
| Deferred charges and accrued income | 490/1 | €2,353 | €6,000 | +€3,647 | +155.0% |
| Total equity and liabilities | 10/49 | €94,469 | €116,729 | +€22,260 | +23.6% |
| Equity | 10/15 | €94,224 | €98,812 | +€4,588 | +4.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €88,024 | €92,612 | +€4,588 | +5.2% |
| Distributable reserves | 133 | €88,024 | €92,612 | +€4,588 | +5.2% |
| Amounts payable | 17/49 | €245 | €17,917 | +€17,672 | +7212.1% |
| Amounts payable within one year | 42/48 | €245 | €17,917 | +€17,672 | +7212.1% |
| Trade debts | 44 | €245 | €283 | +€38 | +15.4% |
| Suppliers | 440/4 | €245 | €283 | +€38 | +15.4% |
| Other amounts payable | 47/48 | - | €17,634 | +€17,634 | |
| Other operating charges | 640/8 | €203 | €2,560 | +€2,357 | +1160.6% |
| Gross operating margin | 9900 | -€1,490 | €8,201 | +€9,691 | |
| Operating profit (loss) | 9901 | -€1,693 | €5,640 | +€7,333 | |
| Financial charges | 65/66B | €157 | €140 | -€17 | -10.9% |
| Recurring financial charges | 65 | €157 | €140 | -€17 | -10.9% |
| Profit (loss) for the period before taxes | 9903 | -€1,850 | €5,500 | +€7,351 | |
| Income taxes | 67/77 | - | €913 | +€913 | |
| Profit (loss) for the period | 9904 | -€1,850 | €4,588 | +€6,438 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,850 | €4,588 | +€6,438 |
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 8 October 2026 via checked.be.