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KN CONSTRUCT: 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.

What changed

KN CONSTRUCT

BE 0688.523.717
NACE 68.310, Real estate agency activities
fiscal year 2025 against 2026filed annual accounts (NBB)
Net result for the year
-€4,912
2025 · €5,421-€10,333
Equity
€83,267
2025 · €88,179-€4,912
Cash
€5,010
2025 · €8,372-€3,362
Balance sheet total
€608,500
2025 · €625,537-€17,037

Largest movements

2025 to 2026
Assets
  • Deferred charges and accrued income +€96,632

    up €96,632 (+860.8%), from €11,226 to €107,858

  • Tangible fixed assets -€65,496

    down €65,496 (-15.8%), from €415,651 to €350,154

    of which Furniture and vehicles: -€38,813

  • Receivables within one year -€44,810

    down €44,810 (-23.5%), from €190,288 to €145,478

    of which Trade receivables: -€44,898

Equity and liabilities
  • Tax, wage and social debts +€67,981

    up €67,981 (+180.6%), from €37,637 to €105,618

    of which Taxes: +€69,862

  • Debts after one year -€62,774

    down €62,774 (-36.9%), from €169,972 to €107,198

  • Trade debts -€32,412

    down €32,412 (-13.0%), from €249,554 to €217,142

  • Current portion of long-term debt +€13,910

    up €13,910 (+17.4%), from €80,084 to €93,994

Income statement
  • Staff costs +€35,284

    up €35,284 (+7.4%), from €477,766 to €513,050

  • Gross operating margin +€19,540

    up €19,540 (+3.1%), from €632,205 to €651,745

  • Depreciation +€9,156

    up €9,156 (+7.5%), from €121,798 to €130,954

  • Other operating charges -€6,534

    down €6,534 (-74.3%), from €8,799 to €2,265

From the 2025 result to the 2026 result

effect on the 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.

Result 2025 €5,421
Gross operating margin +€19,540
Staff costs -€35,284
Depreciation -€9,156
Write-downs +€145
Other operating charges +€6,534
Financial income +€2,855
Financial charges +€2,806
Taxes +€2,227
Result 2026 -€4,912

Cash bridge derived

cash 2025 to 2026

Derived from the 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.

From operations +€110,959
Investment -€65,458
Financing -€48,863
Cash 2025 €8,372
Net result for the year -€4,912
Depreciation +€130,954
Receivables within one year +€44,810
Deferred charges and accrued income -€96,632
Trade debts -€32,412
Tax, wage and social debts +€67,981
Other debts -€111
Accrued charges and deferred income +€1,281
Investment in fixed assets (net) -€65,458
Debts after one year -€62,774
Current portion of long-term debt +€13,910
Cash 2026 €5,010
Every line side by side 47 lines
Line Code 2025 2026 Change %
Total assets 20/58 €625,537 €608,500 -€17,037 -2.7%
Fixed assets 21/28 €415,651 €350,154 -€65,496 -15.8%
Tangible fixed assets 22/27 €415,651 €350,154 -€65,496 -15.8%
Land and buildings 22 €10,172 €8,660 -€1,512 -14.9%
Plant, machinery and equipment 23 €12,224 €7,309 -€4,915 -40.2%
Furniture and vehicles 24 €298,173 €259,360 -€38,813 -13.0%
Other tangible fixed assets 26 €95,081 €74,825 -€20,256 -21.3%
Current assets 29/58 €209,886 €258,346 +€48,460 +23.1%
Amounts receivable within one year 40/41 €190,288 €145,478 -€44,810 -23.5%
Trade receivables 40 €190,288 €145,390 -€44,898 -23.6%
Other amounts receivable 41 - €88 +€88
Cash at bank and in hand 54/58 €8,372 €5,010 -€3,362 -40.2%
Deferred charges and accrued income 490/1 €11,226 €107,858 +€96,632 +860.8%
Total equity and liabilities 10/49 €625,537 €608,500 -€17,037 -2.7%
Equity 10/15 €88,179 €83,267 -€4,912 -5.6%
Contributions 10/11 €6,200 €6,200 = 0.0%
Reserves 13 €1,860 €1,860 = 0.0%
Distributable reserves 133 €1,860 €1,860 = 0.0%
Profit (loss) carried forward 14 €80,119 €75,207 -€4,912 -6.1%
Amounts payable 17/49 €537,358 €525,233 -€12,125 -2.3%
Amounts payable after more than one year 17 €169,972 €107,198 -€62,774 -36.9%
Financial debts 170/4 €169,972 €107,198 -€62,774 -36.9%
Amounts payable within one year 42/48 €367,386 €416,754 +€49,368 +13.4%
Current portion of amounts payable after more than one year 42 €80,084 €93,994 +€13,910 +17.4%
Trade debts 44 €249,554 €217,142 -€32,412 -13.0%
Suppliers 440/4 €249,554 €217,142 -€32,412 -13.0%
Taxes, remuneration and social security 45 €37,637 €105,618 +€67,981 +180.6%
Taxes 450/3 €10,970 €80,832 +€69,862 +636.8%
Remuneration and social security 454/9 €26,667 €24,786 -€1,881 -7.1%
Other amounts payable 47/48 €111 - -€111
Accrued charges and deferred income 492/3 - €1,281 +€1,281
Non-recurring operating income 76A €12,407 - -€12,407
Remuneration, social security and pensions 62 €477,766 €513,050 +€35,284 +7.4%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets 630 €121,798 €130,954 +€9,156 +7.5%
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) 631/4 €145 - -€145
Other operating charges 640/8 €8,799 €2,265 -€6,534 -74.3%
Gross operating margin 9900 €632,205 €651,745 +€19,540 +3.1%
Operating profit (loss) 9901 €23,697 €5,476 -€18,221 -76.9%
Financial income 75/76B €943 €3,798 +€2,855 +302.9%
Recurring financial income 75 €229 €2,829 +€2,600 +1137.8%
Non-recurring financial income 76B €714 €969 +€255 +35.7%
Financial charges 65/66B €10,987 €8,181 -€2,806 -25.5%
Recurring financial charges 65 €10,987 €8,181 -€2,806 -25.5%
Profit (loss) for the period before taxes 9903 €13,653 €1,093 -€12,560 -92.0%
Income taxes 67/77 €8,232 €6,005 -€2,227 -27.0%
Profit (loss) for the period 9904 €5,421 -€4,912 -€10,333
Profit (loss) for the period to be appropriated 9905 €5,421 -€4,912 -€10,333

Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.