KT Project: 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.
KT Project
Largest movements
- Cash +€374,719
up €374,719 (+14,837%), from €2,526 to €377,245
mainly Other debts (+€191,439) and Tax, wage and social debts (+€58,519)
- Stocks and contracts -€53,595
down €53,595 (-7.8%), from €685,288 to €631,693
- Receivables within one year -€41,197
down €41,197 (-87.0%), from €47,341 to €6,143
of which Other amounts receivable: -€41,744
- Other debts +€191,439
up €191,439 (+49.1%), from €389,621 to €581,059
- Tax, wage and social debts +€58,519
new in 2025: €58,519
- Reserves +€37,526
up €37,526 (+18.8%), from €199,312 to €236,838
of which Distributable reserves: +€37,526
- Financial income +€25,518
up €25,518 (+811%), from €3,146 to €28,664
- Gross operating margin -€19,016
down €19,016 (-34.5%), from €55,172 to €36,156
- Financial charges +€8,730
up €8,730 (+204%), from €4,276 to €13,005
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 | €736,609 | €1,015,671 | +€279,062 | +37.9% |
| Fixed assets | 21/28 | €1,455 | €590 | -€865 | -59.4% |
| Tangible fixed assets | 22/27 | €1,455 | €590 | -€865 | -59.4% |
| Plant, machinery and equipment | 23 | €1,455 | €590 | -€865 | -59.4% |
| Current assets | 29/58 | €735,154 | €1,015,081 | +€279,927 | +38.1% |
| Stocks and contracts in progress | 3 | €685,288 | €631,693 | -€53,595 | -7.8% |
| Contracts in progress | 37 | €685,288 | €631,693 | -€53,595 | -7.8% |
| Amounts receivable within one year | 40/41 | €47,341 | €6,143 | -€41,197 | -87.0% |
| Trade receivables | 40 | €0 | €546 | +€546 | |
| Other amounts receivable | 41 | €47,341 | €5,597 | -€41,744 | -88.2% |
| Cash at bank and in hand | 54/58 | €2,526 | €377,245 | +€374,719 | +14,837% |
| Total equity and liabilities | 10/49 | €736,609 | €1,015,671 | +€279,062 | +37.9% |
| Equity | 10/15 | €299,312 | €336,838 | +€37,526 | +12.5% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €199,312 | €236,838 | +€37,526 | +18.8% |
| Non-distributable reserves | 130/1 | €713 | €713 | = | 0.0% |
| Reserves not available under the articles | 1311 | €713 | €713 | = | 0.0% |
| Distributable reserves | 133 | €198,599 | €236,125 | +€37,526 | +18.9% |
| Amounts payable | 17/49 | €437,297 | €678,833 | +€241,536 | +55.2% |
| Amounts payable within one year | 42/48 | €437,297 | €678,833 | +€241,536 | +55.2% |
| Trade debts | 44 | €47,677 | €39,254 | -€8,422 | -17.7% |
| Suppliers | 440/4 | €47,677 | €39,254 | -€8,422 | -17.7% |
| Taxes, remuneration and social security | 45 | - | €58,519 | +€58,519 | |
| Taxes | 450/3 | - | €58,519 | +€58,519 | |
| Other amounts payable | 47/48 | €389,621 | €581,059 | +€191,439 | +49.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €865 | €865 | = | 0.0% |
| Other operating charges | 640/8 | €505 | €520 | +€14 | +2.8% |
| Gross operating margin | 9900 | €55,172 | €36,156 | -€19,016 | -34.5% |
| Operating profit (loss) | 9901 | €53,801 | €34,771 | -€19,030 | -35.4% |
| Financial income | 75/76B | €3,146 | €28,664 | +€25,518 | +811% |
| Recurring financial income | 75 | €3,146 | €28,664 | +€25,518 | +811% |
| Financial charges | 65/66B | €4,276 | €13,005 | +€8,730 | +204% |
| Recurring financial charges | 65 | €4,276 | €13,005 | +€8,730 | +204% |
| Profit (loss) for the period before taxes | 9903 | €52,672 | €50,430 | -€2,242 | -4.3% |
| Income taxes | 67/77 | €13,278 | €12,903 | -€375 | -2.8% |
| Profit (loss) for the period | 9904 | €39,393 | €37,526 | -€1,867 | -4.7% |
| Profit (loss) for the period to be appropriated | 9905 | €39,393 | €37,526 | -€1,867 | -4.7% |
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 13 October 2026 via checked.be.