KFK-Build: 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.
KFK-Build
Largest movements
- Cash -€1.2m
down €1.2m (-69.9%), from €1.7m to €497,718
mainly Current investments (-€800,000) and Advances received (-€459,527)
- Current investments +€800,000
up €800,000 (+400%), from €200,000 to €1.0m
- Stocks and contracts +€48,661
up €48,661 (+3.4%), from €1.4m to €1.5m
- Advances received -€459,527
down €459,527 (-100%), from €459,527 to €0
- Trade debts +€75,516
up €75,516 (+121,526%), from €62 to €75,578
- Taxes +€50,522
up €50,522, from -€12,898 to €37,624
- Gross operating margin +€30,126
up €30,126 (+26.5%), from €113,651 to €143,777
- Financial charges +€19,249
up €19,249 (+22.0%), from €87,466 to €106,715
- Financial income -€2,808
down €2,808 (-15.2%), from €18,531 to €15,723
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 | €3,338,807 | €2,993,061 | -€345,746 | -10.4% |
| Fixed assets | 21/28 | €13,158 | €6,579 | -€6,579 | -50.0% |
| Financial fixed assets | 28 | €13,158 | €6,579 | -€6,579 | -50.0% |
| Current assets | 29/58 | €3,325,649 | €2,986,482 | -€339,167 | -10.2% |
| Stocks and contracts in progress | 3 | €1,421,480 | €1,470,141 | +€48,661 | +3.4% |
| Stocks | 30/36 | €1,421,480 | €1,470,141 | +€48,661 | +3.4% |
| Amounts receivable within one year | 40/41 | €49,386 | €16,103 | -€33,283 | -67.4% |
| Trade receivables | 40 | €10,000 | €0 | -€10,000 | -100% |
| Other amounts receivable | 41 | €39,386 | €16,103 | -€23,283 | -59.1% |
| Current investments | 50/53 | €200,000 | €1,000,000 | +€800,000 | +400% |
| Cash at bank and in hand | 54/58 | €1,654,783 | €497,718 | -€1.2m | -69.9% |
| Deferred charges and accrued income | 490/1 | - | €2,520 | +€2,520 | |
| Total equity and liabilities | 10/49 | €3,338,807 | €2,993,061 | -€345,746 | -10.4% |
| Equity | 10/15 | €1,011,657 | €1,025,540 | +€13,883 | +1.4% |
| Contributions | 10/11 | €360,000 | €360,000 | = | 0.0% |
| Reserves | 13 | €3,890 | €3,890 | = | 0.0% |
| Distributable reserves | 133 | €3,890 | €3,890 | = | 0.0% |
| Profit (loss) carried forward | 14 | €647,767 | €661,650 | +€13,883 | +2.1% |
| Amounts payable | 17/49 | €2,327,149 | €1,967,520 | -€359,629 | -15.5% |
| Amounts payable after more than one year | 17 | €1,795,350 | €1,788,771 | -€6,579 | -0.4% |
| Other amounts payable | 178/9 | €1,795,350 | €1,788,771 | -€6,579 | -0.4% |
| Amounts payable within one year | 42/48 | €531,799 | €178,749 | -€353,050 | -66.4% |
| Trade debts | 44 | €62 | €75,578 | +€75,516 | +121,526% |
| Suppliers | 440/4 | €62 | €75,578 | +€75,516 | +121,526% |
| Advances received on contracts in progress | 46 | €459,527 | €0 | -€459,527 | -100% |
| Taxes, remuneration and social security | 45 | €992 | €10,291 | +€9,299 | +937% |
| Taxes | 450/3 | €992 | €10,291 | +€9,299 | +937% |
| Other amounts payable | 47/48 | €71,219 | €92,880 | +€21,661 | +30.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Other operating charges | 640/8 | €1,243 | €1,278 | +€35 | +2.8% |
| Gross operating margin | 9900 | €113,651 | €143,777 | +€30,126 | +26.5% |
| Operating profit (loss) | 9901 | €112,408 | €142,499 | +€30,091 | +26.8% |
| Financial income | 75/76B | €18,531 | €15,723 | -€2,808 | -15.2% |
| Recurring financial income | 75 | €18,531 | €15,723 | -€2,808 | -15.2% |
| Financial charges | 65/66B | €87,466 | €106,715 | +€19,249 | +22.0% |
| Recurring financial charges | 65 | €87,466 | €106,715 | +€19,249 | +22.0% |
| Profit (loss) for the period before taxes | 9903 | €43,473 | €51,507 | +€8,034 | +18.5% |
| Income taxes | 67/77 | -€12,898 | €37,624 | +€50,522 | |
| Profit (loss) for the period | 9904 | €56,371 | €13,883 | -€42,488 | -75.4% |
| Profit (loss) for the period to be appropriated | 9905 | €56,371 | €13,883 | -€42,488 | -75.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.