KL Projectmanagement: 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.
KL Projectmanagement
Largest movements
- Cash +€37,884
up €37,884 (+308.5%), from €12,278 to €50,163
mainly Other debts (+€45,063) and Net result for the year (+€26,195)
- Receivables within one year -€10,609
down €10,609 (-53.1%), from €19,967 to €9,358
of which Trade receivables: -€9,535
- Deferred charges and accrued income -€1,450
down €1,450 (-80.8%), from €1,795 to €344
- Tangible fixed assets +€734
up €734 (+15.4%), from €4,777 to €5,512
of which Assets under construction and advance payments: +€1,707
- Other debts +€45,063
up €45,063 (+1272.6%), from €3,541 to €48,604
- Profit (loss) carried forward -€20,449
down €20,449 (-100.0%), from €20,449 to €0
- Tax, wage and social debts +€2,340
up €2,340 (+55.7%), from €4,200 to €6,540
- Trade debts -€1,616
down €1,616 (-100.0%), from €1,616 to €0
- Accrued charges and deferred income +€1,220
up €1,220 (+120.6%), from €1,012 to €2,232
- Gross operating margin +€3,708
up €3,708 (+12.1%), from €30,614 to €34,322
- Financial charges -€902
down €902 (-60.1%), from €1,501 to €599
- Depreciation -€862
down €862 (-47.0%), from €1,834 to €972
- Taxes +€566
up €566 (+10.1%), from €5,580 to €6,146
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 | €38,818 | €65,377 | +€26,559 | +68.4% |
| Fixed assets | 21/28 | €4,777 | €5,512 | +€734 | +15.4% |
| Tangible fixed assets | 22/27 | €4,777 | €5,512 | +€734 | +15.4% |
| Land and buildings | 22 | €2,515 | €2,207 | -€308 | -12.3% |
| Plant, machinery and equipment | 23 | €1,232 | €1,071 | -€161 | -13.1% |
| Furniture and vehicles | 24 | €1,030 | €527 | -€503 | -48.8% |
| Assets under construction and advance payments | 27 | - | €1,707 | +€1,707 | |
| Current assets | 29/58 | €34,040 | €59,865 | +€25,825 | +75.9% |
| Amounts receivable within one year | 40/41 | €19,967 | €9,358 | -€10,609 | -53.1% |
| Trade receivables | 40 | €17,147 | €7,612 | -€9,535 | -55.6% |
| Other amounts receivable | 41 | €2,820 | €1,746 | -€1,074 | -38.1% |
| Cash at bank and in hand | 54/58 | €12,278 | €50,163 | +€37,884 | +308.5% |
| Deferred charges and accrued income | 490/1 | €1,795 | €344 | -€1,450 | -80.8% |
| Total equity and liabilities | 10/49 | €38,818 | €65,377 | +€26,559 | +68.4% |
| Equity | 10/15 | €28,449 | €8,000 | -€20,449 | -71.9% |
| Contributions | 10/11 | €8,000 | €8,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €20,449 | €0 | -€20,449 | -100.0% |
| Amounts payable | 17/49 | €10,369 | €57,377 | +€47,008 | +453.4% |
| Amounts payable within one year | 42/48 | €9,357 | €55,144 | +€45,787 | +489.3% |
| Trade debts | 44 | €1,616 | €0 | -€1,616 | -100.0% |
| Suppliers | 440/4 | €1,616 | €0 | -€1,616 | -100.0% |
| Taxes, remuneration and social security | 45 | €4,200 | €6,540 | +€2,340 | +55.7% |
| Taxes | 450/3 | €4,200 | €6,540 | +€2,340 | +55.7% |
| Other amounts payable | 47/48 | €3,541 | €48,604 | +€45,063 | +1272.6% |
| Accrued charges and deferred income | 492/3 | €1,012 | €2,232 | +€1,220 | +120.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,834 | €972 | -€862 | -47.0% |
| Other operating charges | 640/8 | €436 | €410 | -€25 | -5.8% |
| Gross operating margin | 9900 | €30,614 | €34,322 | +€3,708 | +12.1% |
| Operating profit (loss) | 9901 | €28,344 | €32,939 | +€4,595 | +16.2% |
| Financial income | 75/76B | €19 | €0 | -€19 | -100.0% |
| Recurring financial income | 75 | €19 | €0 | -€19 | -100.0% |
| Financial charges | 65/66B | €1,501 | €599 | -€902 | -60.1% |
| Recurring financial charges | 65 | €1,501 | €599 | -€902 | -60.1% |
| Profit (loss) for the period before taxes | 9903 | €26,862 | €32,341 | +€5,479 | +20.4% |
| Income taxes | 67/77 | €5,580 | €6,146 | +€566 | +10.1% |
| Profit (loss) for the period | 9904 | €21,282 | €26,195 | +€4,913 | +23.1% |
| Profit (loss) for the period to be appropriated | 9905 | €21,282 | €26,195 | +€4,913 | +23.1% |
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 11 October 2026 via checked.be.