KTL PROJECTS: 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.
KTL PROJECTS
Largest movements
- Tangible fixed assets -€66,131
down €66,131 (-12.1%), from €548,021 to €481,890
of which Land and buildings: -€63,776
- Cash +€7,237
up €7,237 (+35.5%), from €20,385 to €27,621
mainly Depreciation (+€71,590) and Accrued charges and deferred income (+€5,491)
- Profit (loss) carried forward -€52,120
down €52,120 (-89.9%), from -€57,963 to -€110,082
- Debts after one year -€22,211
down €22,211 (-24.2%), from €91,852 to €69,640
- Gross operating margin -€61,473
down €61,473 (-52.4%), from €117,427 to €55,953
- Financial charges -€3,619
down €3,619 (-17.5%), from €20,657 to €17,037
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 | €606,769 | €545,609 | -€61,160 | -10.1% |
| Fixed assets | 21/28 | €549,964 | €483,034 | -€66,929 | -12.2% |
| Intangible fixed assets | 21 | €1,942 | €1,144 | -€798 | -41.1% |
| Tangible fixed assets | 22/27 | €548,021 | €481,890 | -€66,131 | -12.1% |
| Land and buildings | 22 | €541,929 | €478,153 | -€63,776 | -11.8% |
| Plant, machinery and equipment | 23 | €2,552 | €2,285 | -€268 | -10.5% |
| Furniture and vehicles | 24 | €3,540 | €1,453 | -€2,087 | -59.0% |
| Current assets | 29/58 | €56,805 | €62,575 | +€5,770 | +10.2% |
| Amounts receivable within one year | 40/41 | €32,684 | €29,628 | -€3,056 | -9.4% |
| Trade receivables | 40 | €10,424 | €480 | -€9,944 | -95.4% |
| Other amounts receivable | 41 | €22,260 | €29,148 | +€6,887 | +30.9% |
| Cash at bank and in hand | 54/58 | €20,385 | €27,621 | +€7,237 | +35.5% |
| Deferred charges and accrued income | 490/1 | €3,736 | €5,326 | +€1,590 | +42.5% |
| Total equity and liabilities | 10/49 | €606,769 | €545,609 | -€61,160 | -10.1% |
| Equity | 10/15 | €481,537 | €429,418 | -€52,120 | -10.8% |
| Contributions | 10/11 | €539,500 | €539,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€57,963 | -€110,082 | -€52,120 | -89.9% |
| Amounts payable | 17/49 | €125,231 | €116,192 | -€9,040 | -7.2% |
| Amounts payable after more than one year | 17 | €91,852 | €69,640 | -€22,211 | -24.2% |
| Financial debts | 170/4 | €91,852 | €69,640 | -€22,211 | -24.2% |
| Amounts payable within one year | 42/48 | €30,530 | €38,211 | +€7,681 | +25.2% |
| Current portion of amounts payable after more than one year | 42 | €21,170 | €22,211 | +€1,042 | +4.9% |
| Trade debts | 44 | €3,359 | €8,748 | +€5,389 | +160.4% |
| Suppliers | 440/4 | €3,359 | €8,748 | +€5,389 | +160.4% |
| Taxes, remuneration and social security | 45 | €6,001 | €7,251 | +€1,250 | +20.8% |
| Taxes | 450/3 | €3,942 | €2,570 | -€1,371 | -34.8% |
| Remuneration and social security | 454/9 | €2,059 | €4,681 | +€2,622 | +127.3% |
| Accrued charges and deferred income | 492/3 | €2,850 | €8,341 | +€5,491 | +192.7% |
| Remuneration, social security and pensions | 62 | €15,012 | €13,954 | -€1,058 | -7.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €71,495 | €71,590 | +€95 | +0.1% |
| Other operating charges | 640/8 | €7,185 | €6,417 | -€768 | -10.7% |
| Gross operating margin | 9900 | €117,427 | €55,953 | -€61,473 | -52.4% |
| Operating profit (loss) | 9901 | €23,735 | -€36,007 | -€59,741 | |
| Financial income | 75/76B | €725 | €1,396 | +€671 | +92.5% |
| Recurring financial income | 75 | €725 | €1,396 | +€671 | +92.5% |
| Financial charges | 65/66B | €20,657 | €17,037 | -€3,619 | -17.5% |
| Recurring financial charges | 65 | €20,657 | €17,037 | -€3,619 | -17.5% |
| Profit (loss) for the period before taxes | 9903 | €3,803 | -€51,648 | -€55,451 | |
| Income taxes | 67/77 | €845 | €472 | -€372 | -44.1% |
| Profit (loss) for the period | 9904 | €2,959 | -€52,120 | -€55,079 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,959 | -€52,120 | -€55,079 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.