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.
KN CONSTRUCT
Largest movements
- 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
- 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
- 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
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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| 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.