KITE CONSTRUCTION: 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.
KITE CONSTRUCTION
Largest movements
- Receivables within one year +€25,072
up €25,072 (+75.3%), from €33,307 to €58,379
of which Trade receivables: +€23,458
- Cash -€11,530
down €11,530 (-37.8%), from €30,500 to €18,970
mainly Receivables within one year (-€25,072) and Other debts (-€7,187)
- Tangible fixed assets -€7,455
down €7,455 (-10.4%), from €71,450 to €63,995
of which Land and buildings: -€6,950
- Reserves +€12,500
up €12,500 (+90.1%), from €13,875 to €26,375
of which Non-distributable reserves: +€26,375
- Other debts -€7,187
down €7,187 (-30.1%), from €23,909 to €16,721
- Tax, wage and social debts +€4,385
up €4,385 (+302.3%), from €1,450 to €5,835
- Current portion of long-term debt -€4,243
no longer reported in 2025 (was €4,243)
- Trade debts -€2,516
down €2,516 (-10.1%), from €24,998 to €22,482
- Depreciation -€10,275
down €10,275 (-54.3%), from €18,921 to €8,646
- Gross operating margin +€8,330
up €8,330 (+18.4%), from €45,218 to €53,548
- Taxes +€4,770
up €4,770 (+328.9%), from €1,450 to €6,221
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 | €138,173 | €143,231 | +€5,058 | +3.7% |
| Fixed assets | 21/28 | €71,450 | €63,995 | -€7,455 | -10.4% |
| Tangible fixed assets | 22/27 | €71,450 | €63,995 | -€7,455 | -10.4% |
| Land and buildings | 22 | €68,919 | €61,969 | -€6,950 | -10.1% |
| Plant, machinery and equipment | 23 | €2,531 | €1,043 | -€1,489 | -58.8% |
| Furniture and vehicles | 24 | €0 | €983 | +€983 | |
| Current assets | 29/58 | €66,723 | €79,236 | +€12,513 | +18.8% |
| Amounts receivable within one year | 40/41 | €33,307 | €58,379 | +€25,072 | +75.3% |
| Trade receivables | 40 | €29,021 | €52,478 | +€23,458 | +80.8% |
| Other amounts receivable | 41 | €4,287 | €5,901 | +€1,614 | +37.7% |
| Cash at bank and in hand | 54/58 | €30,500 | €18,970 | -€11,530 | -37.8% |
| Deferred charges and accrued income | 490/1 | €2,915 | €1,887 | -€1,028 | -35.3% |
| Total equity and liabilities | 10/49 | €138,173 | €143,231 | +€5,058 | +3.7% |
| Equity | 10/15 | €83,573 | €98,192 | +€14,619 | +17.5% |
| Contributions | 10/11 | €18,750 | €18,750 | = | 0.0% |
| Reserves | 13 | €13,875 | €26,375 | +€12,500 | +90.1% |
| Non-distributable reserves | 130/1 | - | €26,375 | +€26,375 | |
| Reserves not available under the articles | 1311 | - | €26,375 | +€26,375 | |
| Distributable reserves | 133 | €13,875 | - | -€13,875 | |
| Profit (loss) carried forward | 14 | €50,948 | €53,067 | +€2,119 | +4.2% |
| Amounts payable | 17/49 | €54,600 | €45,039 | -€9,561 | -17.5% |
| Amounts payable within one year | 42/48 | €54,600 | €45,039 | -€9,561 | -17.5% |
| Current portion of amounts payable after more than one year | 42 | €4,243 | - | -€4,243 | |
| Trade debts | 44 | €24,998 | €22,482 | -€2,516 | -10.1% |
| Suppliers | 440/4 | €24,998 | €22,482 | -€2,516 | -10.1% |
| Taxes, remuneration and social security | 45 | €1,450 | €5,835 | +€4,385 | +302.3% |
| Taxes | 450/3 | €1,450 | €5,835 | +€4,385 | +302.3% |
| Other amounts payable | 47/48 | €23,909 | €16,721 | -€7,187 | -30.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,921 | €8,646 | -€10,275 | -54.3% |
| Other operating charges | 640/8 | €4,170 | €4,168 | -€3 | -0.1% |
| Non-recurring operating charges | 66A | €17,417 | €19,000 | +€1,583 | +9.1% |
| Gross operating margin | 9900 | €45,218 | €53,548 | +€8,330 | +18.4% |
| Operating profit (loss) | 9901 | €4,710 | €21,734 | +€17,025 | +361.5% |
| Financial income | 75/76B | €7 | €47 | +€40 | +574.1% |
| Recurring financial income | 75 | €7 | €47 | +€40 | +574.1% |
| Financial charges | 65/66B | €1,231 | €941 | -€289 | -23.5% |
| Recurring financial charges | 65 | €1,231 | €941 | -€289 | -23.5% |
| Profit (loss) for the period before taxes | 9903 | €3,486 | €20,840 | +€17,354 | +497.8% |
| Income taxes | 67/77 | €1,450 | €6,221 | +€4,770 | +328.9% |
| Profit (loss) for the period | 9904 | €2,036 | €14,619 | +€12,583 | +618.0% |
| Profit (loss) for the period to be appropriated | 9905 | €2,036 | €14,619 | +€12,583 | +618.0% |
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 10 October 2026 via checked.be.