KF Project Solutions: 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.
KF Project Solutions
Largest movements
- Cash +€102,153
up €102,153 (+50.2%), from €203,561 to €305,714
mainly Other debts (+€192,733) and Net result for the year (+€106,697)
- Receivables after one year +€7,911
up €7,911 (+4.7%), from €169,936 to €177,847
- Receivables within one year +€7,185
up €7,185 (+16.4%), from €43,809 to €50,994
of which Trade receivables: +€5,845
- Other debts +€192,733
up €192,733 (+1856.8%), from €10,380 to €203,113
- Reserves -€96,416
down €96,416 (-24.7%), from €390,672 to €294,256
of which Distributable reserves: -€96,416
- Contributions +€12,400
up €12,400 (+200.0%), from €6,200 to €18,600
- Tax, wage and social debts +€8,761
up €8,761 (+82.9%), from €10,573 to €19,334
of which Remuneration and social security: +€7,153
- Gross operating margin +€8,116
up €8,116 (+6.9%), from €117,311 to €125,427
- Depreciation -€1,979
down €1,979 (-64.1%), from €3,087 to €1,108
- Financial income +€1,636
up €1,636 (+16.5%), from €9,937 to €11,573
- Taxes +€1,432
up €1,432 (+5.3%), from €27,228 to €28,660
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
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 | €419,665 | €537,571 | +€117,906 | +28.1% |
| Fixed assets | 21/28 | €961 | €1,813 | +€852 | +88.7% |
| Tangible fixed assets | 22/27 | €961 | €1,813 | +€852 | +88.7% |
| Furniture and vehicles | 24 | €961 | €1,813 | +€852 | +88.7% |
| Current assets | 29/58 | €418,704 | €535,758 | +€117,054 | +28.0% |
| Amounts receivable after more than one year | 29 | €169,936 | €177,847 | +€7,911 | +4.7% |
| Other amounts receivable | 291 | €169,936 | €177,847 | +€7,911 | +4.7% |
| Amounts receivable within one year | 40/41 | €43,809 | €50,994 | +€7,185 | +16.4% |
| Trade receivables | 40 | €41,037 | €46,882 | +€5,845 | +14.2% |
| Other amounts receivable | 41 | €2,772 | €4,112 | +€1,340 | +48.3% |
| Cash at bank and in hand | 54/58 | €203,561 | €305,714 | +€102,153 | +50.2% |
| Deferred charges and accrued income | 490/1 | €1,398 | €1,203 | -€195 | -13.9% |
| Total equity and liabilities | 10/49 | €419,665 | €537,571 | +€117,906 | +28.1% |
| Equity | 10/15 | €396,872 | €312,856 | -€84,016 | -21.2% |
| Contributions | 10/11 | €6,200 | €18,600 | +€12,400 | +200.0% |
| Reserves | 13 | €390,672 | €294,256 | -€96,416 | -24.7% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €388,812 | €292,396 | -€96,416 | -24.8% |
| Amounts payable | 17/49 | €22,793 | €224,715 | +€201,922 | +885.9% |
| Amounts payable within one year | 42/48 | €22,793 | €223,533 | +€200,740 | +880.7% |
| Trade debts | 44 | €1,840 | €1,086 | -€754 | -41.0% |
| Suppliers | 440/4 | €1,840 | €1,086 | -€754 | -41.0% |
| Taxes, remuneration and social security | 45 | €10,573 | €19,334 | +€8,761 | +82.9% |
| Taxes | 450/3 | €10,573 | €12,181 | +€1,608 | +15.2% |
| Remuneration and social security | 454/9 | - | €7,153 | +€7,153 | |
| Other amounts payable | 47/48 | €10,380 | €203,113 | +€192,733 | +1856.8% |
| Accrued charges and deferred income | 492/3 | - | €1,182 | +€1,182 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,087 | €1,108 | -€1,979 | -64.1% |
| Other operating charges | 640/8 | €387 | €400 | +€13 | +3.4% |
| Gross operating margin | 9900 | €117,311 | €125,427 | +€8,116 | +6.9% |
| Operating profit (loss) | 9901 | €113,837 | €123,919 | +€10,082 | +8.9% |
| Financial income | 75/76B | €9,937 | €11,573 | +€1,636 | +16.5% |
| Recurring financial income | 75 | €9,937 | €11,573 | +€1,636 | +16.5% |
| Financial charges | 65/66B | €130 | €135 | +€5 | +3.8% |
| Recurring financial charges | 65 | €130 | €135 | +€5 | +3.8% |
| Profit (loss) for the period before taxes | 9903 | €123,644 | €135,357 | +€11,713 | +9.5% |
| Income taxes | 67/77 | €27,228 | €28,660 | +€1,432 | +5.3% |
| Profit (loss) for the period | 9904 | €96,416 | €106,697 | +€10,281 | +10.7% |
| Profit (loss) for the period to be appropriated | 9905 | €96,416 | €106,697 | +€10,281 | +10.7% |
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 4 October 2026 via checked.be.