Kobuild: 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.
Kobuild
Largest movements
- Receivables within one year +€573,928
up €573,928 (+131.0%), from €438,093 to €1.0m
of which Trade receivables: +€547,883
- Cash -€149,558
down €149,558 (-69.9%), from €213,834 to €64,276
mainly Receivables within one year (-€573,928) and Accrued charges and deferred income (-€283,566)
- Trade debts +€518,374
up €518,374 (+431.6%), from €120,109 to €638,483
- Accrued charges and deferred income -€283,566
down €283,566 (-84.3%), from €336,566 to €53,000
- Advances received +€192,697
up €192,697 (+279.7%), from €68,905 to €261,602
- Gross operating margin -€108,728
down €108,728 (-81.8%), from €132,869 to €24,140
- Taxes -€21,488
down €21,488 (-97.1%), from €22,127 to €639
- Other operating charges +€19,369
up €19,369 (+2472.8%), from €783 to €20,153
- Staff costs -€2,819
down €2,819 (-100.0%), from €2,819 to €0
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 | €658,572 | €1,083,974 | +€425,402 | +64.6% |
| Formation expenses | 20 | €619 | €413 | -€206 | -33.3% |
| Fixed assets | 21/28 | €6,027 | €7,265 | +€1,238 | +20.5% |
| Tangible fixed assets | 22/27 | €4,767 | €6,005 | +€1,238 | +26.0% |
| Plant, machinery and equipment | 23 | €570 | €430 | -€140 | -24.6% |
| Furniture and vehicles | 24 | €4,197 | €5,575 | +€1,378 | +32.8% |
| Financial fixed assets | 28 | €1,260 | €1,260 | = | 0.0% |
| Current assets | 29/58 | €651,927 | €1,076,297 | +€424,370 | +65.1% |
| Amounts receivable within one year | 40/41 | €438,093 | €1,012,021 | +€573,928 | +131.0% |
| Trade receivables | 40 | €414,636 | €962,519 | +€547,883 | +132.1% |
| Other amounts receivable | 41 | €23,457 | €49,503 | +€26,045 | +111.0% |
| Cash at bank and in hand | 54/58 | €213,834 | €64,276 | -€149,558 | -69.9% |
| Total equity and liabilities | 10/49 | €658,572 | €1,083,974 | +€425,402 | +64.6% |
| Equity | 10/15 | €89,111 | €90,369 | +€1,258 | +1.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €84,111 | €85,369 | +€1,258 | +1.5% |
| Distributable reserves | 133 | €84,111 | €85,369 | +€1,258 | +1.5% |
| Amounts payable | 17/49 | €569,461 | €993,605 | +€424,144 | +74.5% |
| Amounts payable within one year | 42/48 | €232,895 | €940,605 | +€707,710 | +303.9% |
| Trade debts | 44 | €120,109 | €638,483 | +€518,374 | +431.6% |
| Suppliers | 440/4 | €120,109 | €638,483 | +€518,374 | +431.6% |
| Advances received on contracts in progress | 46 | €68,905 | €261,602 | +€192,697 | +279.7% |
| Taxes, remuneration and social security | 45 | €22,127 | €22,766 | +€639 | +2.9% |
| Taxes | 450/3 | €22,127 | €22,766 | +€639 | +2.9% |
| Other amounts payable | 47/48 | €21,754 | €17,754 | -€4,000 | -18.4% |
| Accrued charges and deferred income | 492/3 | €336,566 | €53,000 | -€283,566 | -84.3% |
| Remuneration, social security and pensions | 62 | €2,819 | €0 | -€2,819 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,456 | €1,923 | +€467 | +32.0% |
| Other operating charges | 640/8 | €783 | €20,153 | +€19,369 | +2472.8% |
| Gross operating margin | 9900 | €132,869 | €24,140 | -€108,728 | -81.8% |
| Operating profit (loss) | 9901 | €127,810 | €2,065 | -€125,745 | -98.4% |
| Financial income | 75/76B | - | €425 | +€425 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Non-recurring financial income | 76B | - | €425 | +€425 | |
| Financial charges | 65/66B | €458 | €593 | +€134 | +29.3% |
| Recurring financial charges | 65 | €301 | €443 | +€142 | +47.1% |
| Non-recurring financial charges | 66B | €157 | €150 | -€8 | -4.8% |
| Profit (loss) for the period before taxes | 9903 | €127,351 | €1,897 | -€125,455 | -98.5% |
| Income taxes | 67/77 | €22,127 | €639 | -€21,488 | -97.1% |
| Profit (loss) for the period | 9904 | €105,224 | €1,258 | -€103,966 | -98.8% |
| Profit (loss) for the period to be appropriated | 9905 | €105,224 | €1,258 | -€103,966 | -98.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.