KND-PROJEKT: 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.
KND-PROJEKT
Largest movements
- Tangible fixed assets -€170,436
down €170,436 (-72.5%), from €235,122 to €64,686
of which Land and buildings: -€172,357
- Cash +€81,379
up €81,379 (+297%), from €27,407 to €108,786
mainly Investment in fixed assets (net) (+€161,406) and Other debts (+€19,727)
- Profit (loss) carried forward -€109,384
down €109,384 (-172%), from -€63,768 to -€173,152
- Other debts +€19,727
up €19,727 (+5.9%), from €334,967 to €354,694
- Gross operating margin -€13,852
down €13,852 (-459%), from -€3,020 to -€16,872
- Financial income -€611
down €611 (-82.7%), from €739 to €128
- Financial charges +€437
up €437 (+18.1%), from €2,410 to €2,846
- Depreciation +€235
up €235 (+2.7%), from €8,795 to €9,030
- Other operating charges +€234
up €234 (+9.9%), from €2,367 to €2,602
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.
Derived cash bridge
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 | €365,279 | €274,670 | -€90,608 | -24.8% |
| Fixed assets | 21/28 | €235,122 | €64,686 | -€170,436 | -72.5% |
| Tangible fixed assets | 22/27 | €235,122 | €64,686 | -€170,436 | -72.5% |
| Land and buildings | 22 | €213,668 | €41,312 | -€172,357 | -80.7% |
| Plant, machinery and equipment | 23 | €7,961 | €8,123 | +€161 | +2.0% |
| Furniture and vehicles | 24 | €13,493 | €15,252 | +€1,759 | +13.0% |
| Current assets | 29/58 | €130,156 | €209,984 | +€79,828 | +61.3% |
| Amounts receivable within one year | 40/41 | €2,105 | €145 | -€1,961 | -93.1% |
| Other amounts receivable | 41 | €2,105 | €145 | -€1,961 | -93.1% |
| Current investments | 50/53 | €100,000 | €100,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €27,407 | €108,786 | +€81,379 | +297% |
| Deferred charges and accrued income | 490/1 | €644 | €1,054 | +€409 | +63.5% |
| Total equity and liabilities | 10/49 | €365,279 | €274,670 | -€90,608 | -24.8% |
| Equity | 10/15 | €24,242 | -€85,142 | -€109,384 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €69,410 | €69,410 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €67,550 | €67,550 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€63,768 | -€173,152 | -€109,384 | -172% |
| Amounts payable | 17/49 | €341,037 | €359,812 | +€18,776 | +5.5% |
| Amounts payable within one year | 42/48 | €341,037 | €359,812 | +€18,776 | +5.5% |
| Trade debts | 44 | €2,245 | €2,699 | +€454 | +20.2% |
| Suppliers | 440/4 | €2,245 | €2,699 | +€454 | +20.2% |
| Advances received on contracts in progress | 46 | €3,811 | €2,272 | -€1,539 | -40.4% |
| Taxes, remuneration and social security | 45 | €14 | €148 | +€133 | +921% |
| Taxes | 450/3 | €14 | €148 | +€133 | +921% |
| Other amounts payable | 47/48 | €334,967 | €354,694 | +€19,727 | +5.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,795 | €9,030 | +€235 | +2.7% |
| Other operating charges | 640/8 | €2,367 | €2,602 | +€234 | +9.9% |
| Non-recurring operating charges | 66A | - | €78,000 | +€78,000 | |
| Gross operating margin | 9900 | -€3,020 | -€16,872 | -€13,852 | -459% |
| Operating profit (loss) | 9901 | -€14,183 | -€106,504 | -€92,321 | -651% |
| Financial income | 75/76B | €739 | €128 | -€611 | -82.7% |
| Recurring financial income | 75 | €739 | €128 | -€611 | -82.7% |
| Financial charges | 65/66B | €2,410 | €2,846 | +€437 | +18.1% |
| Recurring financial charges | 65 | €2,410 | €2,846 | +€437 | +18.1% |
| Profit (loss) for the period before taxes | 9903 | -€15,854 | -€109,222 | -€93,369 | -589% |
| Income taxes | 67/77 | €77 | €161 | +€84 | +109% |
| Profit (loss) for the period | 9904 | -€15,931 | -€109,384 | -€93,453 | -587% |
| Profit (loss) for the period to be appropriated | 9905 | -€15,931 | -€109,384 | -€93,453 | -587% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.