KF 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.
KF CONSTRUCT
Largest movements
- Cash +€36,094
up €36,094 (+141%), from €25,679 to €61,773
mainly Depreciation (+€80,344) and Receivables within one year (+€23,577)
- Receivables within one year -€23,577
down €23,577 (-21.5%), from €109,772 to €86,195
of which Other amounts receivable: -€16,142
- Tangible fixed assets -€17,994
down €17,994 (-5.5%), from €328,824 to €310,830
of which Plant, machinery and equipment: -€60,858
- Other debts -€34,740
down €34,740 (-97.3%), from €35,701 to €961
- Profit (loss) carried forward +€17,913
up €17,913 (+19.6%), from €91,466 to €109,379
- Trade debts +€14,363
up €14,363 (+65.8%), from €21,838 to €36,201
- Current portion of long-term debt -€7,770
down €7,770 (-15.8%), from €49,321 to €41,551
- Staff costs -€28,060
down €28,060 (-14.1%), from €199,397 to €171,337
- Gross operating margin -€26,514
down €26,514 (-8.4%), from €314,483 to €287,970
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 | €499,413 | €493,740 | -€5,673 | -1.1% |
| Fixed assets | 21/28 | €329,074 | €311,080 | -€17,994 | -5.5% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €328,824 | €310,830 | -€17,994 | -5.5% |
| Plant, machinery and equipment | 23 | €110,325 | €49,468 | -€60,858 | -55.2% |
| Furniture and vehicles | 24 | €17,162 | €10,991 | -€6,171 | -36.0% |
| Leasing and similar rights | 25 | €201,337 | €250,371 | +€49,035 | +24.4% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €170,339 | €182,660 | +€12,321 | +7.2% |
| Stocks and contracts in progress | 3 | €24,399 | €24,280 | -€119 | -0.5% |
| Stocks | 30/36 | €24,399 | €24,280 | -€119 | -0.5% |
| Amounts receivable within one year | 40/41 | €109,772 | €86,195 | -€23,577 | -21.5% |
| Trade receivables | 40 | €73,759 | €66,324 | -€7,435 | -10.1% |
| Other amounts receivable | 41 | €36,012 | €19,870 | -€16,142 | -44.8% |
| Cash at bank and in hand | 54/58 | €25,679 | €61,773 | +€36,094 | +141% |
| Deferred charges and accrued income | 490/1 | €10,490 | €10,412 | -€77 | -0.7% |
| Total equity and liabilities | 10/49 | €499,413 | €493,740 | -€5,673 | -1.1% |
| Equity | 10/15 | €147,926 | €165,839 | +€17,913 | +12.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €50,260 | €50,260 | = | 0.0% |
| Distributable reserves | 133 | €50,260 | €50,260 | = | 0.0% |
| Profit (loss) carried forward | 14 | €91,466 | €109,379 | +€17,913 | +19.6% |
| Amounts payable | 17/49 | €351,488 | €327,901 | -€23,587 | -6.7% |
| Amounts payable after more than one year | 17 | €212,073 | €212,304 | +€230 | +0.1% |
| Financial debts | 170/4 | €212,073 | €212,304 | +€230 | +0.1% |
| Amounts payable within one year | 42/48 | €136,014 | €108,557 | -€27,457 | -20.2% |
| Current portion of amounts payable after more than one year | 42 | €49,321 | €41,551 | -€7,770 | -15.8% |
| Trade debts | 44 | €21,838 | €36,201 | +€14,363 | +65.8% |
| Suppliers | 440/4 | €21,838 | €36,201 | +€14,363 | +65.8% |
| Advances received on contracts in progress | 46 | €14,180 | €13,718 | -€462 | -3.3% |
| Taxes, remuneration and social security | 45 | €14,974 | €16,127 | +€1,152 | +7.7% |
| Taxes | 450/3 | €10,084 | €13,152 | +€3,067 | +30.4% |
| Remuneration and social security | 454/9 | €4,890 | €2,975 | -€1,915 | -39.2% |
| Other amounts payable | 47/48 | €35,701 | €961 | -€34,740 | -97.3% |
| Accrued charges and deferred income | 492/3 | €3,400 | €7,040 | +€3,640 | +107% |
| Remuneration, social security and pensions | 62 | €199,397 | €171,337 | -€28,060 | -14.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €77,601 | €80,344 | +€2,743 | +3.5% |
| Other operating charges | 640/8 | €2,268 | €1,841 | -€427 | -18.8% |
| Gross operating margin | 9900 | €314,483 | €287,970 | -€26,514 | -8.4% |
| Operating profit (loss) | 9901 | €35,217 | €34,448 | -€770 | -2.2% |
| Financial income | 75/76B | €424 | €48 | -€376 | -88.8% |
| Recurring financial income | 75 | €424 | €48 | -€376 | -88.8% |
| Financial charges | 65/66B | €8,585 | €10,361 | +€1,776 | +20.7% |
| Recurring financial charges | 65 | €8,585 | €10,361 | +€1,776 | +20.7% |
| Profit (loss) for the period before taxes | 9903 | €27,056 | €24,134 | -€2,922 | -10.8% |
| Income taxes | 67/77 | €8,563 | €6,221 | -€2,342 | -27.4% |
| Profit (loss) for the period | 9904 | €18,493 | €17,913 | -€580 | -3.1% |
| Profit (loss) for the period to be appropriated | 9905 | €18,493 | €17,913 | -€580 | -3.1% |
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 17 October 2026 via checked.be.