KDP-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.
KDP-Projects
Largest movements
- Receivables within one year -€20,246
down €20,246 (-66.5%), from €30,462 to €10,216
of which Trade receivables: -€16,383
- Tangible fixed assets -€8,689
down €8,689 (-53.4%), from €16,271 to €7,581
- Reserves -€62,715
down €62,715 (-61.5%), from €102,028 to €39,313
- Other debts +€42,604
new in 2025: €42,604
- Debts after one year -€4,613
down €4,613 (-100.0%), from €4,613 to €0
- Current portion of long-term debt -€2,337
down €2,337 (-33.6%), from €6,950 to €4,613
- Tax, wage and social debts -€1,553
down €1,553 (-33.4%), from €4,651 to €3,098
- Gross operating margin -€13,870
down €13,870 (-29.7%), from €46,692 to €32,822
- Taxes -€3,655
down €3,655 (-44.6%), from €8,203 to €4,548
- Financial charges +€3,608
up €3,608 (+1169.1%), from €309 to €3,917
- Depreciation +€976
up €976 (+12.7%), from €7,713 to €8,689
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 | €122,937 | €93,904 | -€29,033 | -23.6% |
| Fixed assets | 21/28 | €16,271 | €7,581 | -€8,689 | -53.4% |
| Tangible fixed assets | 22/27 | €16,271 | €7,581 | -€8,689 | -53.4% |
| Furniture and vehicles | 24 | €16,271 | €7,581 | -€8,689 | -53.4% |
| Current assets | 29/58 | €106,667 | €86,323 | -€20,344 | -19.1% |
| Amounts receivable within one year | 40/41 | €30,462 | €10,216 | -€20,246 | -66.5% |
| Trade receivables | 40 | €22,757 | €6,373 | -€16,383 | -72.0% |
| Other amounts receivable | 41 | €7,705 | €3,843 | -€3,863 | -50.1% |
| Cash at bank and in hand | 54/58 | €73,935 | €74,072 | +€137 | +0.2% |
| Deferred charges and accrued income | 490/1 | €2,270 | €2,035 | -€235 | -10.3% |
| Total equity and liabilities | 10/49 | €122,937 | €93,904 | -€29,033 | -23.6% |
| Equity | 10/15 | €105,028 | €42,313 | -€62,715 | -59.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €102,028 | €39,313 | -€62,715 | -61.5% |
| Distributable reserves | 133 | €102,028 | €39,313 | -€62,715 | -61.5% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €17,909 | €51,591 | +€33,682 | +188.1% |
| Amounts payable after more than one year | 17 | €4,613 | €0 | -€4,613 | -100.0% |
| Financial debts | 170/4 | €4,613 | €0 | -€4,613 | -100.0% |
| Amounts payable within one year | 42/48 | €13,297 | €51,260 | +€37,964 | +285.5% |
| Current portion of amounts payable after more than one year | 42 | €6,950 | €4,613 | -€2,337 | -33.6% |
| Trade debts | 44 | €1,696 | €945 | -€751 | -44.3% |
| Suppliers | 440/4 | €1,696 | €945 | -€751 | -44.3% |
| Taxes, remuneration and social security | 45 | €4,651 | €3,098 | -€1,553 | -33.4% |
| Taxes | 450/3 | €4,651 | €3,098 | -€1,553 | -33.4% |
| Other amounts payable | 47/48 | - | €42,604 | +€42,604 | |
| Accrued charges and deferred income | 492/3 | €0 | €331 | +€331 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,713 | €8,689 | +€976 | +12.7% |
| Other operating charges | 640/8 | €975 | €930 | -€45 | -4.6% |
| Gross operating margin | 9900 | €46,692 | €32,822 | -€13,870 | -29.7% |
| Operating profit (loss) | 9901 | €38,004 | €23,202 | -€14,802 | -38.9% |
| Financial income | 75/76B | €280 | €576 | +€296 | +105.6% |
| Recurring financial income | 75 | €280 | €576 | +€296 | +105.6% |
| Financial charges | 65/66B | €309 | €3,917 | +€3,608 | +1169.1% |
| Recurring financial charges | 65 | €309 | €3,917 | +€3,608 | +1169.1% |
| Profit (loss) for the period before taxes | 9903 | €37,975 | €19,861 | -€18,114 | -47.7% |
| Income taxes | 67/77 | €8,203 | €4,548 | -€3,655 | -44.6% |
| Profit (loss) for the period | 9904 | €29,773 | €15,313 | -€14,460 | -48.6% |
| Profit (loss) for the period to be appropriated | 9905 | €29,773 | €15,313 | -€14,460 | -48.6% |
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 7 October 2026 via checked.be.