KDZ 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.
KDZ PROJECTS
Largest movements
- Receivables within one year +€29,774
up €29,774 (+28.3%), from €105,124 to €134,898
of which Trade receivables: +€29,869
- Profit (loss) carried forward +€10,471
up €10,471 (+90.6%), from -€11,559 to -€1,088
- Tax, wage and social debts +€7,480
up €7,480 (+10.2%), from €73,402 to €80,882
of which Taxes: +€6,488
- Trade debts +€6,612
up €6,612 (+29.3%), from €22,594 to €29,206
- Other debts +€5,211
up €5,211 (+2212.1%), from €236 to €5,447
- Gross operating margin +€25,597
up €25,597 (+6.1%), from €419,330 to €444,927
- Staff costs +€19,858
up €19,858 (+4.9%), from €406,133 to €425,991
- Taxes +€6,245
up €6,245 (+244.1%), from €2,559 to €8,804
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €105,124 | €134,898 | +€29,774 | +28.3% |
| Current assets | 29/58 | €105,124 | €134,898 | +€29,774 | +28.3% |
| Amounts receivable within one year | 40/41 | €105,124 | €134,898 | +€29,774 | +28.3% |
| Trade receivables | 40 | €105,000 | €134,869 | +€29,869 | +28.4% |
| Other amounts receivable | 41 | €124 | €28 | -€95 | -77.1% |
| Total equity and liabilities | 10/49 | €105,124 | €134,898 | +€29,774 | +28.3% |
| Equity | 10/15 | €8,893 | €19,363 | +€10,471 | +117.7% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€11,559 | -€1,088 | +€10,471 | +90.6% |
| Amounts payable | 17/49 | €96,231 | €115,534 | +€19,303 | +20.1% |
| Amounts payable within one year | 42/48 | €96,231 | €115,534 | +€19,303 | +20.1% |
| Trade debts | 44 | €22,594 | €29,206 | +€6,612 | +29.3% |
| Suppliers | 440/4 | €22,594 | €29,206 | +€6,612 | +29.3% |
| Taxes, remuneration and social security | 45 | €73,402 | €80,882 | +€7,480 | +10.2% |
| Taxes | 450/3 | €5,327 | €11,815 | +€6,488 | +121.8% |
| Remuneration and social security | 454/9 | €68,074 | €69,066 | +€992 | +1.5% |
| Other amounts payable | 47/48 | €236 | €5,447 | +€5,211 | +2212.1% |
| Non-recurring operating income | 76A | €11,250 | - | -€11,250 | |
| Remuneration, social security and pensions | 62 | €406,133 | €425,991 | +€19,858 | +4.9% |
| Other operating charges | 640/8 | €141 | €144 | +€4 | +2.6% |
| Gross operating margin | 9900 | €419,330 | €444,927 | +€25,597 | +6.1% |
| Operating profit (loss) | 9901 | €13,057 | €18,792 | +€5,736 | +43.9% |
| Financial income | 75/76B | - | €615 | +€615 | |
| Recurring financial income | 75 | - | €615 | +€615 | |
| Financial charges | 65/66B | €526 | €133 | -€393 | -74.8% |
| Recurring financial charges | 65 | €516 | €123 | -€393 | -76.2% |
| Non-recurring financial charges | 66B | €10 | €10 | -€0 | -0.4% |
| Profit (loss) for the period before taxes | 9903 | €12,530 | €19,275 | +€6,744 | +53.8% |
| Income taxes | 67/77 | €2,559 | €8,804 | +€6,245 | +244.1% |
| Profit (loss) for the period | 9904 | €9,972 | €10,471 | +€499 | +5.0% |
| Profit (loss) for the period to be appropriated | 9905 | €9,972 | €10,471 | +€499 | +5.0% |
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.