KN 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.
KN PROJECTS
Largest movements
- Tangible fixed assets +€110,000
up €110,000 (+1.8%), from €6.1m to €6.2m
- Revaluation surpluses +€277,043
up €277,043 (+6.8%), from €4.1m to €4.4m
- Debts after one year -€80,080
down €80,080 (-3.8%), from €2.1m to €2.0m
- Gross operating margin +€49,541
up €49,541 (+34.8%), from €142,531 to €192,072
- Other operating charges -€20,153
no longer reported in 2026 (was €20,153)
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 | €6,099,839 | €6,211,441 | +€111,601 | +1.8% |
| Fixed assets | 21/28 | €6,055,000 | €6,165,000 | +€110,000 | +1.8% |
| Tangible fixed assets | 22/27 | €6,055,000 | €6,165,000 | +€110,000 | +1.8% |
| Land and buildings | 22 | €6,055,000 | €6,165,000 | +€110,000 | +1.8% |
| Current assets | 29/58 | €44,839 | €46,441 | +€1,601 | +3.6% |
| Amounts receivable within one year | 40/41 | - | €2 | +€2 | |
| Trade receivables | 40 | - | €2 | +€2 | |
| Cash at bank and in hand | 54/58 | €43,369 | €45,357 | +€1,988 | +4.6% |
| Deferred charges and accrued income | 490/1 | €1,470 | €1,082 | -€388 | -26.4% |
| Total equity and liabilities | 10/49 | €6,099,839 | €6,211,441 | +€111,601 | +1.8% |
| Equity | 10/15 | €3,786,399 | €4,023,789 | +€237,390 | +6.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Revaluation surpluses | 12 | €4,080,409 | €4,357,453 | +€277,043 | +6.8% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€302,071 | -€341,724 | -€39,653 | -13.1% |
| Amounts payable | 17/49 | €2,313,441 | €2,187,652 | -€125,789 | -5.4% |
| Amounts payable after more than one year | 17 | €2,121,839 | €2,041,758 | -€80,080 | -3.8% |
| Financial debts | 170/4 | €2,121,839 | €2,041,758 | -€80,080 | -3.8% |
| Amounts payable within one year | 42/48 | €191,602 | €145,894 | -€45,708 | -23.9% |
| Current portion of amounts payable after more than one year | 42 | €134,525 | €109,541 | -€24,984 | -18.6% |
| Trade debts | 44 | €10,071 | €353 | -€9,718 | -96.5% |
| Suppliers | 440/4 | €10,071 | €353 | -€9,718 | -96.5% |
| Other amounts payable | 47/48 | €47,006 | €36,000 | -€11,006 | -23.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €167,043 | €167,043 | = | 0.0% |
| Other operating charges | 640/8 | €20,153 | - | -€20,153 | |
| Gross operating margin | 9900 | €142,531 | €192,072 | +€49,541 | +34.8% |
| Operating profit (loss) | 9901 | -€44,666 | €25,029 | +€69,694 | |
| Financial income | 75/76B | €0 | €0 | -€0 | -84.6% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -84.6% |
| Financial charges | 65/66B | €66,305 | €64,682 | -€1,623 | -2.4% |
| Recurring financial charges | 65 | €66,305 | €64,682 | -€1,623 | -2.4% |
| Profit (loss) for the period before taxes | 9903 | -€110,970 | -€39,653 | +€71,317 | +64.3% |
| Profit (loss) for the period | 9904 | -€110,970 | -€39,653 | +€71,317 | +64.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€110,970 | -€39,653 | +€71,317 | +64.3% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2025 and 30 June 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.