KC Projects: 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.
KC Projects
Largest movements
- Cash -€19,609
down €19,609 (-15.7%), from €124,743 to €105,134
mainly Contributions, distributions and other (-€124,169) and Receivables within one year (-€13,870)
- Receivables within one year +€13,870
up €13,870 (+47.5%), from €29,206 to €43,076
- Tangible fixed assets -€7,925
down €7,925 (-18.6%), from €42,598 to €34,673
of which Furniture and vehicles: -€13,834
- Other debts +€37,658
up €37,658 (+54.1%), from €69,638 to €107,296
- Profit (loss) carried forward -€26,093
down €26,093 (-60.4%), from €43,169 to €17,075
- Debts after one year -€13,266
down €13,266 (-56.7%), from €23,402 to €10,136
- Tax, wage and social debts -€12,497
down €12,497 (-45.6%), from €27,383 to €14,885
- Gross operating margin +€34,718
up €34,718 (+31.5%), from €110,390 to €145,108
- Taxes +€8,537
up €8,537 (+43.2%), from €19,747 to €28,284
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 | €199,200 | €184,880 | -€14,320 | -7.2% |
| Fixed assets | 21/28 | €42,598 | €34,673 | -€7,925 | -18.6% |
| Tangible fixed assets | 22/27 | €42,598 | €34,673 | -€7,925 | -18.6% |
| Plant, machinery and equipment | 23 | €1,502 | €7,411 | +€5,909 | +393.5% |
| Furniture and vehicles | 24 | €41,096 | €27,262 | -€13,834 | -33.7% |
| Current assets | 29/58 | €156,601 | €150,207 | -€6,395 | -4.1% |
| Amounts receivable within one year | 40/41 | €29,206 | €43,076 | +€13,870 | +47.5% |
| Trade receivables | 40 | €29,206 | €43,076 | +€13,870 | +47.5% |
| Cash at bank and in hand | 54/58 | €124,743 | €105,134 | -€19,609 | -15.7% |
| Deferred charges and accrued income | 490/1 | €2,653 | €1,997 | -€656 | -24.7% |
| Total equity and liabilities | 10/49 | €199,200 | €184,880 | -€14,320 | -7.2% |
| Equity | 10/15 | €63,579 | €37,485 | -€26,093 | -41.0% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €43,169 | €17,075 | -€26,093 | -60.4% |
| Amounts payable | 17/49 | €135,621 | €147,394 | +€11,774 | +8.7% |
| Amounts payable after more than one year | 17 | €23,402 | €10,136 | -€13,266 | -56.7% |
| Financial debts | 170/4 | €23,402 | €10,136 | -€13,266 | -56.7% |
| Amounts payable within one year | 42/48 | €112,219 | €137,259 | +€25,040 | +22.3% |
| Current portion of amounts payable after more than one year | 42 | €12,988 | €13,266 | +€278 | +2.1% |
| Trade debts | 44 | €2,210 | €1,811 | -€399 | -18.1% |
| Suppliers | 440/4 | €2,210 | €1,811 | -€399 | -18.1% |
| Taxes, remuneration and social security | 45 | €27,383 | €14,885 | -€12,497 | -45.6% |
| Taxes | 450/3 | €27,383 | €14,885 | -€12,497 | -45.6% |
| Other amounts payable | 47/48 | €69,638 | €107,296 | +€37,658 | +54.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,114 | €16,583 | +€469 | +2.9% |
| Other operating charges | 640/8 | €1,464 | €1,091 | -€373 | -25.5% |
| Gross operating margin | 9900 | €110,390 | €145,108 | +€34,718 | +31.5% |
| Operating profit (loss) | 9901 | €92,812 | €127,435 | +€34,622 | +37.3% |
| Financial income | 75/76B | €35 | €27 | -€8 | -23.2% |
| Recurring financial income | 75 | €35 | €27 | -€8 | -23.2% |
| Financial charges | 65/66B | €909 | €1,102 | +€193 | +21.2% |
| Recurring financial charges | 65 | €909 | €1,102 | +€193 | +21.2% |
| Profit (loss) for the period before taxes | 9903 | €91,939 | €126,360 | +€34,421 | +37.4% |
| Income taxes | 67/77 | €19,747 | €28,284 | +€8,537 | +43.2% |
| Profit (loss) for the period | 9904 | €72,191 | €98,075 | +€25,884 | +35.9% |
| Profit (loss) for the period to be appropriated | 9905 | €72,191 | €98,075 | +€25,884 | +35.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.