KP PROJECT: 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.
KP PROJECT
Largest movements
- Cash +€386,454
up €386,454 (+468.9%), from €82,412 to €468,867
mainly Current investments (+€169,963) and Receivables within one year (+€110,365)
- Current investments -€169,963
down €169,963 (-97.1%), from €174,963 to €5,000
- Receivables within one year -€110,365
down €110,365 (-68.0%), from €162,384 to €52,019
of which Trade receivables: -€110,864
- Stocks and contracts +€15,979
up €15,979 (+66.5%), from €24,021 to €40,000
- Reserves +€102,200
up €102,200 (+87.7%), from €116,473 to €218,674
- Trade debts +€34,825
up €34,825 (+272.9%), from €12,762 to €47,587
- Staff costs +€30,332
up €30,332 (+61.8%), from €49,067 to €79,400
- Gross operating margin +€12,328
up €12,328 (+5.0%), from €248,897 to €261,225
- Taxes -€5,900
down €5,900 (-11.9%), from €49,447 to €43,547
- Depreciation +€5,845
up €5,845 (+18.1%), from €32,323 to €38,168
- Financial income +€3,805
up €3,805 (+377.0%), from €1,009 to €4,815
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 | €518,942 | €645,501 | +€126,559 | +24.4% |
| Fixed assets | 21/28 | €70,884 | €74,653 | +€3,769 | +5.3% |
| Intangible fixed assets | 21 | €842 | €342 | -€500 | -59.3% |
| Tangible fixed assets | 22/27 | €70,042 | €74,311 | +€4,268 | +6.1% |
| Plant, machinery and equipment | 23 | €43,282 | €44,299 | +€1,017 | +2.3% |
| Furniture and vehicles | 24 | €14,655 | €26,647 | +€11,992 | +81.8% |
| Leasing and similar rights | 25 | €7,781 | €0 | -€7,781 | -100.0% |
| Other tangible fixed assets | 26 | €4,324 | €3,365 | -€960 | -22.2% |
| Current assets | 29/58 | €448,058 | €570,848 | +€122,790 | +27.4% |
| Stocks and contracts in progress | 3 | €24,021 | €40,000 | +€15,979 | +66.5% |
| Contracts in progress | 37 | €24,021 | €40,000 | +€15,979 | +66.5% |
| Amounts receivable within one year | 40/41 | €162,384 | €52,019 | -€110,365 | -68.0% |
| Trade receivables | 40 | €160,780 | €49,916 | -€110,864 | -69.0% |
| Other amounts receivable | 41 | €1,604 | €2,103 | +€499 | +31.1% |
| Current investments | 50/53 | €174,963 | €5,000 | -€169,963 | -97.1% |
| Cash at bank and in hand | 54/58 | €82,412 | €468,867 | +€386,454 | +468.9% |
| Deferred charges and accrued income | 490/1 | €4,279 | €4,963 | +€684 | +16.0% |
| Total equity and liabilities | 10/49 | €518,942 | €645,501 | +€126,559 | +24.4% |
| Equity | 10/15 | €436,867 | €539,068 | +€102,200 | +23.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €116,473 | €218,674 | +€102,200 | +87.7% |
| Distributable reserves | 133 | €116,473 | €218,674 | +€102,200 | +87.7% |
| Profit (loss) carried forward | 14 | €301,794 | €301,794 | = | 0.0% |
| Amounts payable | 17/49 | €82,075 | €106,434 | +€24,358 | +29.7% |
| Amounts payable within one year | 42/48 | €82,075 | €106,434 | +€24,358 | +29.7% |
| Current portion of amounts payable after more than one year | 42 | €5,132 | €0 | -€5,132 | -100.0% |
| Trade debts | 44 | €12,762 | €47,587 | +€34,825 | +272.9% |
| Suppliers | 440/4 | €12,762 | €47,587 | +€34,825 | +272.9% |
| Taxes, remuneration and social security | 45 | €22,413 | €18,332 | -€4,082 | -18.2% |
| Taxes | 450/3 | €20,954 | €14,856 | -€6,097 | -29.1% |
| Remuneration and social security | 454/9 | €1,460 | €3,475 | +€2,015 | +138.1% |
| Other amounts payable | 47/48 | €41,768 | €40,515 | -€1,253 | -3.0% |
| Non-recurring operating income | 76A | - | €11,262 | +€11,262 | |
| Remuneration, social security and pensions | 62 | €49,067 | €79,400 | +€30,332 | +61.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,323 | €38,168 | +€5,845 | +18.1% |
| Other operating charges | 640/8 | €2,240 | €2,194 | -€47 | -2.1% |
| Gross operating margin | 9900 | €248,897 | €261,225 | +€12,328 | +5.0% |
| Operating profit (loss) | 9901 | €165,266 | €141,463 | -€23,803 | -14.4% |
| Financial income | 75/76B | €1,009 | €4,815 | +€3,805 | +377.0% |
| Recurring financial income | 75 | €1,009 | €4,815 | +€3,805 | +377.0% |
| Financial charges | 65/66B | €356 | €531 | +€175 | +49.2% |
| Recurring financial charges | 65 | €356 | €531 | +€175 | +49.2% |
| Profit (loss) for the period before taxes | 9903 | €165,920 | €145,748 | -€20,172 | -12.2% |
| Income taxes | 67/77 | €49,447 | €43,547 | -€5,900 | -11.9% |
| Profit (loss) for the period | 9904 | €116,473 | €102,200 | -€14,273 | -12.3% |
| Profit (loss) for the period to be appropriated | 9905 | €116,473 | €102,200 | -€14,273 | -12.3% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.