KNG CONSTRUCT: 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.
KNG CONSTRUCT
Largest movements
- Receivables within one year +€6,691
up €6,691 (+13.4%), from €50,099 to €56,790
of which Trade receivables: +€8,626
- Tangible fixed assets -€3,305
down €3,305 (-36.7%), from €8,996 to €5,691
- Reserves +€10,000
up €10,000 (+100%), from €10,000 to €20,000
- Tax, wage and social debts +€7,778
up €7,778 (+104%), from €7,481 to €15,259
of which Taxes: +€4,024
- Trade debts -€7,500
down €7,500 (-79.1%), from €9,485 to €1,986
- Accrued charges and deferred income -€6,382
down €6,382 (-31.9%), from €20,000 to €13,619
- Staff costs +€26,293
new in 2025: €26,293
- Gross operating margin +€16,435
up €16,435 (+50.1%), from €32,834 to €49,269
- Depreciation +€1,328
up €1,328 (+65.3%), from €2,032 to €3,360
- Financial charges +€983
up €983 (+994%), from €99 to €1,082
- Other operating charges -€765
down €765 (-46.4%), from €1,650 to €885
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 | €61,747 | €65,724 | +€3,977 | +6.4% |
| Formation expenses | 20 | €54 | - | -€54 | |
| Fixed assets | 21/28 | €8,996 | €5,691 | -€3,305 | -36.7% |
| Tangible fixed assets | 22/27 | €8,996 | €5,691 | -€3,305 | -36.7% |
| Furniture and vehicles | 24 | €8,996 | €5,691 | -€3,305 | -36.7% |
| Current assets | 29/58 | €52,696 | €60,033 | +€7,337 | +13.9% |
| Amounts receivable within one year | 40/41 | €50,099 | €56,790 | +€6,691 | +13.4% |
| Trade receivables | 40 | €38,835 | €47,461 | +€8,626 | +22.2% |
| Other amounts receivable | 41 | €11,264 | €9,329 | -€1,935 | -17.2% |
| Cash at bank and in hand | 54/58 | €2,597 | €2,900 | +€303 | +11.7% |
| Deferred charges and accrued income | 490/1 | - | €343 | +€343 | |
| Total equity and liabilities | 10/49 | €61,747 | €65,724 | +€3,977 | +6.4% |
| Equity | 10/15 | €24,780 | €34,860 | +€10,080 | +40.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €10,000 | €20,000 | +€10,000 | +100% |
| Distributable reserves | 133 | €10,000 | €20,000 | +€10,000 | +100% |
| Profit (loss) carried forward | 14 | €11,780 | €11,860 | +€80 | +0.7% |
| Amounts payable | 17/49 | €36,967 | €30,863 | -€6,103 | -16.5% |
| Amounts payable within one year | 42/48 | €16,967 | €17,245 | +€278 | +1.6% |
| Trade debts | 44 | €9,485 | €1,986 | -€7,500 | -79.1% |
| Suppliers | 440/4 | €9,485 | €1,986 | -€7,500 | -79.1% |
| Taxes, remuneration and social security | 45 | €7,481 | €15,259 | +€7,778 | +104% |
| Taxes | 450/3 | €7,481 | €11,505 | +€4,024 | +53.8% |
| Remuneration and social security | 454/9 | - | €3,754 | +€3,754 | |
| Accrued charges and deferred income | 492/3 | €20,000 | €13,619 | -€6,382 | -31.9% |
| Remuneration, social security and pensions | 62 | - | €26,293 | +€26,293 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,032 | €3,360 | +€1,328 | +65.3% |
| Other operating charges | 640/8 | €1,650 | €885 | -€765 | -46.4% |
| Gross operating margin | 9900 | €32,834 | €49,269 | +€16,435 | +50.1% |
| Operating profit (loss) | 9901 | €29,151 | €18,731 | -€10,420 | -35.7% |
| Financial income | 75/76B | €209 | €455 | +€246 | +118% |
| Recurring financial income | 75 | €209 | €455 | +€246 | +118% |
| Financial charges | 65/66B | €99 | €1,082 | +€983 | +994% |
| Recurring financial charges | 65 | €99 | €1,082 | +€983 | +994% |
| Profit (loss) for the period before taxes | 9903 | €29,261 | €18,104 | -€11,157 | -38.1% |
| Income taxes | 67/77 | €7,481 | €8,024 | +€543 | +7.3% |
| Profit (loss) for the period | 9904 | €21,780 | €10,080 | -€11,700 | -53.7% |
| Profit (loss) for the period to be appropriated | 9905 | €21,780 | €10,080 | -€11,700 | -53.7% |
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 14 October 2026 via checked.be.