KDV Projects & Engineering: 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.
KDV Projects & Engineering
Largest movements
- Cash +€104,315
up €104,315 (+1,135%), from €9,188 to €113,503
mainly Net result for the year (+€230,173) and Trade debts (+€62,046)
- Receivables within one year +€68,802
up €68,802 (+17.4%), from €394,452 to €463,255
of which Other amounts receivable: +€77,245
- Receivables after one year -€17,830
down €17,830 (-45.7%), from €39,030 to €21,200
- Tangible fixed assets -€12,074
down €12,074 (-4.0%), from €301,450 to €289,377
of which Land and buildings: -€8,619
- Profit (loss) carried forward +€230,173
up €230,173 (+92.9%), from -€247,856 to -€17,683
- Debts after one year -€63,565
down €63,565 (-14.4%), from €442,489 to €378,924
- Tax, wage and social debts -€62,993
down €62,993 (-54.0%), from €116,670 to €53,677
of which Taxes: -€64,368
- Trade debts +€62,046
up €62,046 (+164%), from €37,869 to €99,914
- Short-term financial debts -€29,221
down €29,221 (-32.8%), from €89,221 to €60,000
- Gross operating margin +€399,622
up €399,622, from -€64,321 to €335,301
- Taxes -€44,524
down €44,524 (-69.0%), from €64,500 to €19,976
- Other operating charges -€21,393
down €21,393 (-84.8%), from €25,240 to €3,846
- Financial charges -€11,248
down €11,248 (-17.0%), from €66,028 to €54,779
- Staff costs -€6,622
down €6,622 (-77.7%), from €8,520 to €1,898
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 | €745,919 | €888,543 | +€142,623 | +19.1% |
| Fixed assets | 21/28 | €302,470 | €289,377 | -€13,094 | -4.3% |
| Tangible fixed assets | 22/27 | €301,450 | €289,377 | -€12,074 | -4.0% |
| Land and buildings | 22 | €278,692 | €270,073 | -€8,619 | -3.1% |
| Plant, machinery and equipment | 23 | €4,397 | €2,392 | -€2,005 | -45.6% |
| Furniture and vehicles | 24 | €8,644 | €8,234 | -€410 | -4.7% |
| Other tangible fixed assets | 26 | €9,717 | €8,677 | -€1,040 | -10.7% |
| Financial fixed assets | 28 | €1,020 | - | -€1,020 | |
| Current assets | 29/58 | €443,449 | €599,166 | +€155,717 | +35.1% |
| Amounts receivable after more than one year | 29 | €39,030 | €21,200 | -€17,830 | -45.7% |
| Other amounts receivable | 291 | €39,030 | €21,200 | -€17,830 | -45.7% |
| Amounts receivable within one year | 40/41 | €394,452 | €463,255 | +€68,802 | +17.4% |
| Trade receivables | 40 | €196,292 | €187,849 | -€8,443 | -4.3% |
| Other amounts receivable | 41 | €198,161 | €275,406 | +€77,245 | +39.0% |
| Cash at bank and in hand | 54/58 | €9,188 | €113,503 | +€104,315 | +1,135% |
| Deferred charges and accrued income | 490/1 | €779 | €1,208 | +€429 | +55.1% |
| Total equity and liabilities | 10/49 | €745,919 | €888,543 | +€142,623 | +19.1% |
| Equity | 10/15 | -€41,911 | €188,262 | +€230,173 | |
| Contributions | 10/11 | €4,500 | €4,500 | = | 0.0% |
| Reserves | 13 | €201,445 | €201,445 | = | 0.0% |
| Distributable reserves | 133 | €201,445 | €201,445 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€247,856 | -€17,683 | +€230,173 | +92.9% |
| Provisions and deferred taxes | 16 | €44,200 | €44,200 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €44,200 | €44,200 | = | 0.0% |
| Other liabilities and charges | 164/5 | €44,200 | €44,200 | = | 0.0% |
| Amounts payable | 17/49 | €743,630 | €656,081 | -€87,550 | -11.8% |
| Amounts payable after more than one year | 17 | €442,489 | €378,924 | -€63,565 | -14.4% |
| Financial debts | 170/4 | €442,489 | €378,924 | -€63,565 | -14.4% |
| Amounts payable within one year | 42/48 | €301,141 | €277,156 | -€23,985 | -8.0% |
| Current portion of amounts payable after more than one year | 42 | €57,382 | €63,565 | +€6,183 | +10.8% |
| Financial debts | 43 | €89,221 | €60,000 | -€29,221 | -32.8% |
| Credit institutions | 430/8 | €89,221 | €60,000 | -€29,221 | -32.8% |
| Trade debts | 44 | €37,869 | €99,914 | +€62,046 | +164% |
| Suppliers | 440/4 | €37,869 | €99,914 | +€62,046 | +164% |
| Taxes, remuneration and social security | 45 | €116,670 | €53,677 | -€62,993 | -54.0% |
| Taxes | 450/3 | €116,670 | €52,303 | -€64,368 | -55.2% |
| Remuneration and social security | 454/9 | - | €1,374 | +€1,374 | |
| Non-recurring operating income | 76A | €5,523 | - | -€5,523 | |
| Remuneration, social security and pensions | 62 | €8,520 | €1,898 | -€6,622 | -77.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,571 | €20,836 | +€1,266 | +6.5% |
| Other operating charges | 640/8 | €25,240 | €3,846 | -€21,393 | -84.8% |
| Non-recurring operating charges | 66A | €15,564 | €17,830 | +€2,266 | +14.6% |
| Gross operating margin | 9900 | -€64,321 | €335,301 | +€399,622 | |
| Operating profit (loss) | 9901 | -€133,215 | €290,890 | +€424,106 | |
| Financial income | 75/76B | €8,861 | €14,037 | +€5,177 | +58.4% |
| Recurring financial income | 75 | €8,861 | €14,037 | +€5,177 | +58.4% |
| Financial charges | 65/66B | €66,028 | €54,779 | -€11,248 | -17.0% |
| Recurring financial charges | 65 | €66,028 | €54,779 | -€11,248 | -17.0% |
| Profit (loss) for the period before taxes | 9903 | -€190,382 | €250,149 | +€440,531 | |
| Income taxes | 67/77 | €64,500 | €19,976 | -€44,524 | -69.0% |
| Profit (loss) for the period | 9904 | -€254,882 | €230,173 | +€485,055 | |
| Profit (loss) for the period to be appropriated | 9905 | -€254,882 | €230,173 | +€485,055 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.