KEA CONSTRUCT: 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.
KEA CONSTRUCT
Largest movements
- Cash +€17,618
up €17,618 (+268%), from €6,568 to €24,186
mainly Debts after one year (+€36,360) and Receivables within one year (+€10,227)
- Receivables within one year -€10,227
down €10,227 (-13.4%), from €76,095 to €65,868
of which Other amounts receivable: -€12,007
- Tangible fixed assets -€1,116
down €1,116 (-23.4%), from €4,764 to €3,648
of which Plant, machinery and equipment: -€2,756
- Debts after one year +€36,360
new in 2024: €36,360
- Reserves -€35,669
down €35,669 (-69.1%), from €51,619 to €15,951
of which Distributable reserves: -€35,669
- Current portion of long-term debt +€9,213
new in 2024: €9,213
- Tax, wage and social debts -€5,128
down €5,128 (-34.3%), from €14,972 to €9,844
of which Taxes: -€8,249
- Trade debts +€1,230
up €1,230 (+116%), from €1,062 to €2,291
- Gross operating margin -€33,352
down €33,352 (-56.5%), from €59,040 to €25,688
- Financial charges +€3,164
up €3,164 (+1,663%), from €190 to €3,355
- Other operating charges +€1,588
up €1,588 (+285%), from €556 to €2,144
- Staff costs -€1,223
down €1,223 (-2.4%), from €50,194 to €48,971
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €87,568 | €93,702 | +€6,134 | +7.0% |
| Fixed assets | 21/28 | €4,764 | €3,648 | -€1,116 | -23.4% |
| Tangible fixed assets | 22/27 | €4,764 | €3,648 | -€1,116 | -23.4% |
| Land and buildings | 22 | €2,008 | - | -€2,008 | |
| Plant, machinery and equipment | 23 | €2,756 | - | -€2,756 | |
| Furniture and vehicles | 24 | €0 | €3,648 | +€3,648 | |
| Current assets | 29/58 | €82,805 | €90,054 | +€7,250 | +8.8% |
| Amounts receivable within one year | 40/41 | €76,095 | €65,868 | -€10,227 | -13.4% |
| Trade receivables | 40 | €34,720 | €36,500 | +€1,780 | +5.1% |
| Other amounts receivable | 41 | €41,375 | €29,368 | -€12,007 | -29.0% |
| Cash at bank and in hand | 54/58 | €6,568 | €24,186 | +€17,618 | +268% |
| Deferred charges and accrued income | 490/1 | €142 | - | -€142 | |
| Total equity and liabilities | 10/49 | €87,568 | €93,702 | +€6,134 | +7.0% |
| Equity | 10/15 | €53,619 | €17,951 | -€35,669 | -66.5% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €51,619 | €15,951 | -€35,669 | -69.1% |
| Non-distributable reserves | 130/1 | €5,777 | €5,777 | = | 0.0% |
| Reserves not available under the articles | 1311 | €5,777 | €5,777 | = | 0.0% |
| Distributable reserves | 133 | €45,843 | €10,174 | -€35,669 | -77.8% |
| Amounts payable | 17/49 | €33,949 | €75,752 | +€41,803 | +123% |
| Amounts payable after more than one year | 17 | - | €36,360 | +€36,360 | |
| Financial debts | 170/4 | - | €36,360 | +€36,360 | |
| Amounts payable within one year | 42/48 | €33,949 | €39,392 | +€5,443 | +16.0% |
| Current portion of amounts payable after more than one year | 42 | - | €9,213 | +€9,213 | |
| Trade debts | 44 | €1,062 | €2,291 | +€1,230 | +116% |
| Suppliers | 440/4 | €1,062 | €2,291 | +€1,230 | +116% |
| Taxes, remuneration and social security | 45 | €14,972 | €9,844 | -€5,128 | -34.3% |
| Taxes | 450/3 | €9,089 | €839 | -€8,249 | -90.8% |
| Remuneration and social security | 454/9 | €5,884 | €9,005 | +€3,121 | +53.0% |
| Other amounts payable | 47/48 | €17,915 | €18,043 | +€129 | +0.7% |
| Remuneration, social security and pensions | 62 | €50,194 | €48,971 | -€1,223 | -2.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,964 | €6,321 | +€357 | +6.0% |
| Other operating charges | 640/8 | €556 | €2,144 | +€1,588 | +285% |
| Gross operating margin | 9900 | €59,040 | €25,688 | -€33,352 | -56.5% |
| Operating profit (loss) | 9901 | €2,326 | -€31,747 | -€34,073 | |
| Financial income | 75/76B | €3 | €8 | +€6 | +205% |
| Recurring financial income | 75 | €3 | €8 | +€6 | +205% |
| Financial charges | 65/66B | €190 | €3,355 | +€3,164 | +1,663% |
| Recurring financial charges | 65 | €190 | €3,355 | +€3,164 | +1,663% |
| Profit (loss) for the period before taxes | 9903 | €2,138 | -€35,094 | -€37,232 | |
| Income taxes | 67/77 | €661 | €575 | -€85 | -12.9% |
| Profit (loss) for the period | 9904 | €1,478 | -€35,669 | -€37,147 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,478 | -€35,669 | -€37,147 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.