KD Projecten: 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.
KD Projecten
Largest movements
- Cash +€26,714
up €26,714 (+271.2%), from €9,849 to €36,563
mainly Net result for the year (+€30,597) and Depreciation (+€12,331)
- Receivables within one year +€3,950
up €3,950 (+35.8%), from €11,046 to €14,997
of which Trade receivables: +€6,972
- Tangible fixed assets +€1,417
up €1,417 (+8.6%), from €16,534 to €17,951
of which Furniture and vehicles: +€9,208
- Financial fixed assets +€1,000
new in 2025: €1,000
- Reserves +€30,597
up €30,597 (+785.5%), from €3,895 to €34,492
- Tax, wage and social debts +€8,040
up €8,040 (+738.7%), from €1,088 to €9,128
- Other debts -€4,437
down €4,437 (-21.4%), from €20,744 to €16,307
- Trade debts +€4,404
up €4,404 (+78.9%), from €5,579 to €9,983
- Debts after one year -€2,779
no longer reported in 2025 (was €2,779)
- Gross operating margin +€44,405
up €44,405 (+459.3%), from €9,669 to €54,074
- Depreciation +€8,537
up €8,537 (+225.0%), from €3,794 to €12,331
- Taxes +€8,051
up €8,051 (+746.9%), from €1,078 to €9,128
- Other operating charges +€625
up €625 (+74.5%), from €839 to €1,464
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 | €39,409 | €72,789 | +€33,380 | +84.7% |
| Fixed assets | 21/28 | €16,534 | €18,951 | +€2,417 | +14.6% |
| Tangible fixed assets | 22/27 | €16,534 | €17,951 | +€1,417 | +8.6% |
| Plant, machinery and equipment | 23 | €5,146 | €2,643 | -€2,503 | -48.6% |
| Furniture and vehicles | 24 | €2,573 | €11,781 | +€9,208 | +357.9% |
| Leasing and similar rights | 25 | €8,815 | €3,526 | -€5,289 | -60.0% |
| Financial fixed assets | 28 | - | €1,000 | +€1,000 | |
| Current assets | 29/58 | €22,875 | €53,839 | +€30,963 | +135.4% |
| Amounts receivable within one year | 40/41 | €11,046 | €14,997 | +€3,950 | +35.8% |
| Trade receivables | 40 | €7,031 | €14,002 | +€6,972 | +99.2% |
| Other amounts receivable | 41 | €4,016 | €994 | -€3,022 | -75.2% |
| Cash at bank and in hand | 54/58 | €9,849 | €36,563 | +€26,714 | +271.2% |
| Deferred charges and accrued income | 490/1 | €1,980 | €2,279 | +€299 | +15.1% |
| Total equity and liabilities | 10/49 | €39,409 | €72,789 | +€33,380 | +84.7% |
| Equity | 10/15 | €3,995 | €34,592 | +€30,597 | +765.8% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €3,895 | €34,492 | +€30,597 | +785.5% |
| Distributable reserves | 133 | €3,895 | €34,492 | +€30,597 | +785.5% |
| Amounts payable | 17/49 | €35,414 | €38,197 | +€2,783 | +7.9% |
| Amounts payable after more than one year | 17 | €2,779 | - | -€2,779 | |
| Financial debts | 170/4 | €2,779 | - | -€2,779 | |
| Amounts payable within one year | 42/48 | €32,635 | €38,197 | +€5,562 | +17.0% |
| Current portion of amounts payable after more than one year | 42 | €5,224 | €2,779 | -€2,445 | -46.8% |
| Trade debts | 44 | €5,579 | €9,983 | +€4,404 | +78.9% |
| Suppliers | 440/4 | €5,579 | €9,983 | +€4,404 | +78.9% |
| Taxes, remuneration and social security | 45 | €1,088 | €9,128 | +€8,040 | +738.7% |
| Taxes | 450/3 | €1,088 | €9,128 | +€8,040 | +738.7% |
| Other amounts payable | 47/48 | €20,744 | €16,307 | -€4,437 | -21.4% |
| Remuneration, social security and pensions | 62 | - | €112 | +€112 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,794 | €12,331 | +€8,537 | +225.0% |
| Other operating charges | 640/8 | €839 | €1,464 | +€625 | +74.5% |
| Gross operating margin | 9900 | €9,669 | €54,074 | +€44,405 | +459.3% |
| Operating profit (loss) | 9901 | €5,036 | €40,167 | +€35,132 | +697.7% |
| Financial income | 75/76B | €6 | €38 | +€32 | +502.2% |
| Recurring financial income | 75 | €6 | €38 | +€32 | +502.2% |
| Financial charges | 65/66B | €69 | €480 | +€412 | +599.0% |
| Recurring financial charges | 65 | €69 | €480 | +€412 | +599.0% |
| Profit (loss) for the period before taxes | 9903 | €4,973 | €39,725 | +€34,752 | +698.8% |
| Income taxes | 67/77 | €1,078 | €9,128 | +€8,051 | +746.9% |
| Profit (loss) for the period | 9904 | €3,895 | €30,597 | +€26,701 | +685.5% |
| Profit (loss) for the period to be appropriated | 9905 | €3,895 | €30,597 | +€26,701 | +685.5% |
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 5 October 2026 via checked.be.