KR 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.
KR Projects
Largest movements
- Tangible fixed assets -€4,281
down €4,281 (-30.4%), from €14,098 to €9,817
- Cash -€1,484
down €1,484 (-11.2%), from €13,288 to €11,804
mainly Net result for the year (-€6,061)
- Profit (loss) carried forward -€6,061
down €6,061 (-73.5%), from -€8,242 to -€14,302
- Other operating charges -€464
down €464 (-30.5%), from €1,524 to €1,060
- Gross operating margin +€190
up €190 (+25.0%), from -€760 to -€570
- Financial charges +€45
up €45 (+42.9%), from €105 to €150
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 | €61,758 | €55,698 | -€6,061 | -9.8% |
| Fixed assets | 21/28 | €14,098 | €9,817 | -€4,281 | -30.4% |
| Tangible fixed assets | 22/27 | €14,098 | €9,817 | -€4,281 | -30.4% |
| Furniture and vehicles | 24 | €14,098 | €9,817 | -€4,281 | -30.4% |
| Current assets | 29/58 | €47,660 | €45,880 | -€1,780 | -3.7% |
| Stocks and contracts in progress | 3 | €34,030 | €34,030 | = | 0.0% |
| Stocks | 30/36 | €34,030 | €34,030 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €342 | €46 | -€296 | -86.6% |
| Other amounts receivable | 41 | €342 | €46 | -€296 | -86.6% |
| Cash at bank and in hand | 54/58 | €13,288 | €11,804 | -€1,484 | -11.2% |
| Total equity and liabilities | 10/49 | €61,758 | €55,698 | -€6,061 | -9.8% |
| Equity | 10/15 | €31,758 | €25,698 | -€6,061 | -19.1% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€8,242 | -€14,302 | -€6,061 | -73.5% |
| Amounts payable | 17/49 | €30,000 | €30,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €30,000 | €30,000 | = | 0.0% |
| Other amounts payable | 47/48 | €30,000 | €30,000 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,281 | €4,281 | = | 0.0% |
| Other operating charges | 640/8 | €1,524 | €1,060 | -€464 | -30.5% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | -€760 | -€570 | +€190 | +25.0% |
| Operating profit (loss) | 9901 | -€6,566 | -€5,911 | +€655 | +10.0% |
| Financial charges | 65/66B | €105 | €150 | +€45 | +42.9% |
| Recurring financial charges | 65 | €105 | €150 | +€45 | +42.9% |
| Profit (loss) for the period before taxes | 9903 | -€6,671 | -€6,061 | +€610 | +9.1% |
| Profit (loss) for the period | 9904 | -€6,671 | -€6,061 | +€610 | +9.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,671 | -€6,061 | +€610 | +9.1% |
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 9 October 2026 via checked.be.