KFK-Projects: 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.
KFK-Projects
Largest movements
- Receivables after one year +€1.0m
up €1.0m (+949.2%), from €105,350 to €1.1m
- Cash -€646,595
down €646,595 (-82.2%), from €786,440 to €139,845
mainly Receivables after one year (-€1.0m) and Receivables within one year (-€17,608)
- Stocks and contracts -€151,921
down €151,921 (-26.3%), from €578,656 to €426,734
- Receivables within one year +€17,608
up €17,608 (+418.7%), from €4,206 to €21,814
- Profit (loss) carried forward +€153,684
up €153,684 (+54.9%), from €280,144 to €433,828
- Trade debts +€36,255
up €36,255, from €0 to €36,255
- Other debts +€20,880
up €20,880 (+40.7%), from €51,300 to €72,180
- Gross operating margin -€243,185
down €243,185 (-47.7%), from €509,840 to €266,655
- Taxes -€30,236
down €30,236 (-31.6%), from €95,614 to €65,378
- Financial income +€21,803
up €21,803 (+518.4%), from €4,206 to €26,008
- Financial charges +€20,897
up €20,897 (+40.6%), from €51,461 to €72,359
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 | €1,477,651 | €1,696,743 | +€219,092 | +14.8% |
| Fixed assets | 21/28 | €3,000 | €3,000 | = | 0.0% |
| Financial fixed assets | 28 | €3,000 | €3,000 | = | 0.0% |
| Current assets | 29/58 | €1,474,651 | €1,693,743 | +€219,092 | +14.9% |
| Amounts receivable after more than one year | 29 | €105,350 | €1,105,350 | +€1.0m | +949.2% |
| Other amounts receivable | 291 | €105,350 | €1,105,350 | +€1.0m | +949.2% |
| Stocks and contracts in progress | 3 | €578,656 | €426,734 | -€151,921 | -26.3% |
| Stocks | 30/36 | €578,656 | €426,734 | -€151,921 | -26.3% |
| Amounts receivable within one year | 40/41 | €4,206 | €21,814 | +€17,608 | +418.7% |
| Other amounts receivable | 41 | €4,206 | €21,814 | +€17,608 | +418.7% |
| Cash at bank and in hand | 54/58 | €786,440 | €139,845 | -€646,595 | -82.2% |
| Total equity and liabilities | 10/49 | €1,477,651 | €1,696,743 | +€219,092 | +14.8% |
| Equity | 10/15 | €430,738 | €584,422 | +€153,684 | +35.7% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Reserves | 13 | €594 | €594 | = | 0.0% |
| Distributable reserves | 133 | €594 | €594 | = | 0.0% |
| Profit (loss) carried forward | 14 | €280,144 | €433,828 | +€153,684 | +54.9% |
| Amounts payable | 17/49 | €1,046,914 | €1,112,321 | +€65,408 | +6.2% |
| Amounts payable after more than one year | 17 | €900,000 | €900,000 | = | 0.0% |
| Other amounts payable | 178/9 | €900,000 | €900,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €146,914 | €212,321 | +€65,408 | +44.5% |
| Trade debts | 44 | €0 | €36,255 | +€36,255 | |
| Suppliers | 440/4 | €0 | €36,255 | +€36,255 | |
| Taxes, remuneration and social security | 45 | €95,614 | €103,886 | +€8,273 | +8.7% |
| Taxes | 450/3 | €95,614 | €103,886 | +€8,273 | +8.7% |
| Other amounts payable | 47/48 | €51,300 | €72,180 | +€20,880 | +40.7% |
| Other operating charges | 640/8 | €1,227 | €1,243 | +€16 | +1.3% |
| Gross operating margin | 9900 | €509,840 | €266,655 | -€243,185 | -47.7% |
| Operating profit (loss) | 9901 | €508,613 | €265,412 | -€243,201 | -47.8% |
| Financial income | 75/76B | €4,206 | €26,008 | +€21,803 | +518.4% |
| Recurring financial income | 75 | €4,206 | €26,008 | +€21,803 | +518.4% |
| Financial charges | 65/66B | €51,461 | €72,359 | +€20,897 | +40.6% |
| Recurring financial charges | 65 | €51,461 | €72,359 | +€20,897 | +40.6% |
| Profit (loss) for the period before taxes | 9903 | €461,357 | €219,062 | -€242,295 | -52.5% |
| Income taxes | 67/77 | €95,614 | €65,378 | -€30,236 | -31.6% |
| Profit (loss) for the period | 9904 | €365,743 | €153,684 | -€212,060 | -58.0% |
| Profit (loss) for the period to be appropriated | 9905 | €365,743 | €153,684 | -€212,060 | -58.0% |
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 1 October 2026 via checked.be.