KEV CONSTRUCT: 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.
KEV CONSTRUCT
Largest movements
- Receivables within one year -€14,985
down €14,985 (-9.1%), from €164,323 to €149,338
of which Other amounts receivable: -€20,528
- Cash +€1,703
up €1,703 (+40.7%), from €4,188 to €5,891
mainly Tax, wage and social debts (+€28,192) and Net result for the year (+€21,921)
- Profit (loss) carried forward -€43,078
down €43,078 (-29.7%), from €145,029 to €101,951
- Tax, wage and social debts +€28,192
up €28,192 (+176.2%), from €16,003 to €44,195
- Taxes +€11,550
up €11,550 (+89.5%), from €12,902 to €24,452
- Other operating charges +€6,642
up €6,642 (+177.0%), from €3,753 to €10,395
- Depreciation -€2,333
no longer reported in 2024 (was €2,333)
- Gross operating margin +€1,606
up €1,606 (+2.9%), from €55,381 to €56,987
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.
Cash bridge derived
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 | €168,511 | €155,229 | -€13,282 | -7.9% |
| Current assets | 29/58 | €168,511 | €155,229 | -€13,282 | -7.9% |
| Amounts receivable within one year | 40/41 | €164,323 | €149,338 | -€14,985 | -9.1% |
| Trade receivables | 40 | €10,457 | €16,001 | +€5,544 | +53.0% |
| Other amounts receivable | 41 | €153,866 | €133,338 | -€20,528 | -13.3% |
| Cash at bank and in hand | 54/58 | €4,188 | €5,891 | +€1,703 | +40.7% |
| Total equity and liabilities | 10/49 | €168,511 | €155,229 | -€13,282 | -7.9% |
| Equity | 10/15 | €152,159 | €109,081 | -€43,078 | -28.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Capital | 10 | €6,200 | €6,200 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €930 | €930 | = | 0.0% |
| Non-distributable reserves | 130/1 | €930 | €930 | = | 0.0% |
| Legal reserve | 130 | €930 | €930 | = | 0.0% |
| Profit (loss) carried forward | 14 | €145,029 | €101,951 | -€43,078 | -29.7% |
| Amounts payable | 17/49 | €16,352 | €46,148 | +€29,796 | +182.2% |
| Amounts payable within one year | 42/48 | €16,352 | €46,148 | +€29,796 | +182.2% |
| Trade debts | 44 | €349 | €1,954 | +€1,605 | +459.8% |
| Suppliers | 440/4 | €349 | €1,954 | +€1,605 | +459.8% |
| Taxes, remuneration and social security | 45 | €16,003 | €44,195 | +€28,192 | +176.2% |
| Taxes | 450/3 | €16,003 | €44,195 | +€28,192 | +176.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,333 | - | -€2,333 | |
| Other operating charges | 640/8 | €3,753 | €10,395 | +€6,642 | +177.0% |
| Non-recurring operating charges | 66A | €1,119 | - | -€1,119 | |
| Gross operating margin | 9900 | €55,381 | €56,987 | +€1,606 | +2.9% |
| Operating profit (loss) | 9901 | €48,176 | €46,593 | -€1,583 | -3.3% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €164 | €219 | +€55 | +33.8% |
| Recurring financial charges | 65 | €164 | €219 | +€55 | +33.8% |
| Profit (loss) for the period before taxes | 9903 | €48,012 | €46,373 | -€1,639 | -3.4% |
| Income taxes | 67/77 | €12,902 | €24,452 | +€11,550 | +89.5% |
| Profit (loss) for the period | 9904 | €35,110 | €21,921 | -€13,189 | -37.6% |
| Profit (loss) for the period to be appropriated | 9905 | €35,110 | €21,921 | -€13,189 | -37.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.