Kevin Luyten Projects: 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.
Kevin Luyten Projects
Largest movements
- Tangible fixed assets -€550
down €550 (-36.1%), from €1,525 to €974
- Cash +€124
up €124 (+3,428%), from €4 to €128
mainly Other debts (+€11,461) and Depreciation (+€550)
- Other debts +€11,461
up €11,461 (+52.3%), from €21,924 to €33,385
- Profit (loss) carried forward -€10,583
down €10,583 (-37.6%), from -€28,166 to -€38,749
- Trade debts -€960
down €960 (-79.2%), from €1,212 to €252
- Tax, wage and social debts -€344
down €344 (-18.5%), from €1,856 to €1,512
- Gross operating margin -€2,617
down €2,617 (-35.6%), from -€7,356 to -€9,973
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 | €2,826 | €2,399 | -€426 | -15.1% |
| Formation expenses | 20 | €1,297 | €1,297 | = | 0.0% |
| Fixed assets | 21/28 | €1,525 | €974 | -€550 | -36.1% |
| Tangible fixed assets | 22/27 | €1,525 | €974 | -€550 | -36.1% |
| Furniture and vehicles | 24 | €1,525 | €974 | -€550 | -36.1% |
| Current assets | 29/58 | €4 | €128 | +€124 | +3,428% |
| Cash at bank and in hand | 54/58 | €4 | €128 | +€124 | +3,428% |
| Total equity and liabilities | 10/49 | €2,826 | €2,399 | -€426 | -15.1% |
| Equity | 10/15 | -€22,166 | -€32,749 | -€10,583 | -47.7% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€28,166 | -€38,749 | -€10,583 | -37.6% |
| Amounts payable | 17/49 | €24,991 | €35,148 | +€10,157 | +40.6% |
| Amounts payable within one year | 42/48 | €24,991 | €35,148 | +€10,157 | +40.6% |
| Trade debts | 44 | €1,212 | €252 | -€960 | -79.2% |
| Suppliers | 440/4 | €1,212 | €252 | -€960 | -79.2% |
| Taxes, remuneration and social security | 45 | €1,856 | €1,512 | -€344 | -18.5% |
| Taxes | 450/3 | €1,856 | €1,512 | -€344 | -18.5% |
| Other amounts payable | 47/48 | €21,924 | €33,385 | +€11,461 | +52.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €550 | €550 | = | 0.0% |
| Gross operating margin | 9900 | -€7,356 | -€9,973 | -€2,617 | -35.6% |
| Operating profit (loss) | 9901 | -€7,906 | -€10,523 | -€2,617 | -33.1% |
| Financial charges | 65/66B | €144 | €60 | -€84 | -58.4% |
| Recurring financial charges | 65 | €144 | €60 | -€84 | -58.4% |
| Profit (loss) for the period before taxes | 9903 | -€8,050 | -€10,583 | -€2,533 | -31.5% |
| Profit (loss) for the period | 9904 | -€8,050 | -€10,583 | -€2,533 | -31.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,050 | -€10,583 | -€2,533 | -31.5% |
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 26 October 2026 via checked.be.