kN-projects: 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.
kN-projects
Largest movements
- Cash -€23,116
down €23,116 (-63.2%), from €36,563 to €13,447
mainly Other debts (-€19,128) and Receivables within one year (-€10,721)
- Receivables within one year +€10,721
up €10,721 (+87.2%), from €12,289 to €23,010
of which Other amounts receivable: +€7,547
- Deferred charges and accrued income -€9,102
down €9,102 (-82.9%), from €10,976 to €1,873
- Tangible fixed assets +€3,381
up €3,381 (+6.9%), from €48,760 to €52,142
of which Other tangible fixed assets: +€6,838
- Other debts -€19,128
down €19,128 (-63.6%), from €30,080 to €10,953
- Tax, wage and social debts -€7,462
down €7,462 (-51.2%), from €14,578 to €7,115
of which Taxes: -€7,489
- Debts after one year +€6,466
up €6,466 (+17.7%), from €36,627 to €43,093
- Current portion of long-term debt +€6,386
new in 2025: €6,386
- Reserves -€6,309
down €6,309 (-29.4%), from €21,435 to €15,127
- Gross operating margin -€40,093
down €40,093 (-90.5%), from €44,288 to €4,195
- Taxes -€6,628
no longer reported in 2025 (was €6,628)
- Depreciation -€2,695
down €2,695 (-26.4%), from €10,204 to €7,510
- Write-downs -€1,120
no longer reported in 2025 (was €1,120)
- Financial charges +€773
up €773 (+54.3%), from €1,425 to €2,198
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 | €109,233 | €90,814 | -€18,419 | -16.9% |
| Fixed assets | 21/28 | €49,405 | €52,483 | +€3,078 | +6.2% |
| Intangible fixed assets | 21 | €645 | €342 | -€303 | -47.0% |
| Tangible fixed assets | 22/27 | €48,760 | €52,142 | +€3,381 | +6.9% |
| Plant, machinery and equipment | 23 | €11,087 | €9,552 | -€1,535 | -13.8% |
| Furniture and vehicles | 24 | €5,442 | €3,520 | -€1,922 | -35.3% |
| Other tangible fixed assets | 26 | €32,232 | €39,070 | +€6,838 | +21.2% |
| Current assets | 29/58 | €59,828 | €38,331 | -€21,497 | -35.9% |
| Amounts receivable within one year | 40/41 | €12,289 | €23,010 | +€10,721 | +87.2% |
| Trade receivables | 40 | €12,229 | €15,404 | +€3,174 | +26.0% |
| Other amounts receivable | 41 | €60 | €7,607 | +€7,547 | +12588.4% |
| Cash at bank and in hand | 54/58 | €36,563 | €13,447 | -€23,116 | -63.2% |
| Deferred charges and accrued income | 490/1 | €10,976 | €1,873 | -€9,102 | -82.9% |
| Total equity and liabilities | 10/49 | €109,233 | €90,814 | -€18,419 | -16.9% |
| Equity | 10/15 | €27,435 | €21,127 | -€6,309 | -23.0% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €21,435 | €15,127 | -€6,309 | -29.4% |
| Distributable reserves | 133 | €21,435 | €15,127 | -€6,309 | -29.4% |
| Amounts payable | 17/49 | €81,798 | €69,687 | -€12,111 | -14.8% |
| Amounts payable after more than one year | 17 | €36,627 | €43,093 | +€6,466 | +17.7% |
| Financial debts | 170/4 | €36,627 | €43,093 | +€6,466 | +17.7% |
| Amounts payable within one year | 42/48 | €45,171 | €26,595 | -€18,576 | -41.1% |
| Current portion of amounts payable after more than one year | 42 | - | €6,386 | +€6,386 | |
| Trade debts | 44 | €513 | €2,141 | +€1,628 | +317.1% |
| Suppliers | 440/4 | €513 | €2,141 | +€1,628 | +317.1% |
| Taxes, remuneration and social security | 45 | €14,578 | €7,115 | -€7,462 | -51.2% |
| Taxes | 450/3 | €12,174 | €4,685 | -€7,489 | -61.5% |
| Remuneration and social security | 454/9 | €2,403 | €2,430 | +€27 | +1.1% |
| Other amounts payable | 47/48 | €30,080 | €10,953 | -€19,128 | -63.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,204 | €7,510 | -€2,695 | -26.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,120 | - | -€1,120 | |
| Other operating charges | 640/8 | €1,446 | €796 | -€650 | -45.0% |
| Gross operating margin | 9900 | €44,288 | €4,195 | -€40,093 | -90.5% |
| Operating profit (loss) | 9901 | €31,518 | -€4,110 | -€35,628 | |
| Financial income | 75/76B | €1 | €0 | -€1 | -98.2% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -98.2% |
| Financial charges | 65/66B | €1,425 | €2,198 | +€773 | +54.3% |
| Recurring financial charges | 65 | €1,425 | €2,198 | +€773 | +54.3% |
| Profit (loss) for the period before taxes | 9903 | €30,094 | -€6,309 | -€36,402 | |
| Income taxes | 67/77 | €6,628 | - | -€6,628 | |
| Profit (loss) for the period | 9904 | €23,466 | -€6,309 | -€29,774 | |
| Profit (loss) for the period to be appropriated | 9905 | €23,466 | -€6,309 | -€29,774 |
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 10 October 2026 via checked.be.