KX CONSTRUCT: 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.
KX CONSTRUCT
Largest movements
- Receivables within one year -€76,091
down €76,091 (-27.6%), from €275,593 to €199,502
of which Trade receivables: -€47,249
- Stocks and contracts +€69,314
up €69,314 (+43.4%), from €159,717 to €229,031
of which Contracts in progress: +€52,873
- Tangible fixed assets +€58,377
up €58,377 (+277%), from €21,084 to €79,461
of which Other tangible fixed assets: +€29,988
- Financial fixed assets +€12,425
up €12,425 (+470%), from €2,645 to €15,070
- Deferred charges and accrued income +€6,168
up €6,168 (+46.0%), from €13,416 to €19,584
- Trade debts +€67,856
up €67,856 (+38.2%), from €177,768 to €245,624
- Advances received -€65,019
no longer reported in 2025 (was €65,019)
- Other debts +€58,428
up €58,428 (+512%), from €11,422 to €69,850
- Tax, wage and social debts +€12,010
up €12,010 (+33.6%), from €35,704 to €47,714
- Profit (loss) carried forward +€5,755
up €5,755 (+4.4%), from €131,111 to €136,866
- Gross operating margin +€176,233
up €176,233 (+40.0%), from €441,042 to €617,274
- Staff costs +€143,586
up €143,586 (+32.6%), from €440,539 to €584,125
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 | €474,092 | €549,850 | +€75,758 | +16.0% |
| Fixed assets | 21/28 | €23,730 | €94,532 | +€70,802 | +298% |
| Tangible fixed assets | 22/27 | €21,084 | €79,461 | +€58,377 | +277% |
| Plant, machinery and equipment | 23 | €4,986 | €21,549 | +€16,563 | +332% |
| Furniture and vehicles | 24 | €11,059 | €27,201 | +€16,142 | +146% |
| Leasing and similar rights | 25 | €5,039 | €723 | -€4,316 | -85.6% |
| Other tangible fixed assets | 26 | - | €29,988 | +€29,988 | |
| Financial fixed assets | 28 | €2,645 | €15,070 | +€12,425 | +470% |
| Current assets | 29/58 | €450,362 | €455,318 | +€4,956 | +1.1% |
| Stocks and contracts in progress | 3 | €159,717 | €229,031 | +€69,314 | +43.4% |
| Stocks | 30/36 | €32,900 | €49,341 | +€16,441 | +50.0% |
| Contracts in progress | 37 | €126,817 | €179,690 | +€52,873 | +41.7% |
| Amounts receivable within one year | 40/41 | €275,593 | €199,502 | -€76,091 | -27.6% |
| Trade receivables | 40 | €215,577 | €168,328 | -€47,249 | -21.9% |
| Other amounts receivable | 41 | €60,016 | €31,173 | -€28,843 | -48.1% |
| Cash at bank and in hand | 54/58 | €1,637 | €7,202 | +€5,566 | +340% |
| Deferred charges and accrued income | 490/1 | €13,416 | €19,584 | +€6,168 | +46.0% |
| Total equity and liabilities | 10/49 | €474,092 | €549,850 | +€75,758 | +16.0% |
| Equity | 10/15 | €172,338 | €178,093 | +€5,755 | +3.3% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €21,227 | €21,227 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €19,227 | €19,227 | = | 0.0% |
| Profit (loss) carried forward | 14 | €131,111 | €136,866 | +€5,755 | +4.4% |
| Amounts payable | 17/49 | €301,754 | €371,757 | +€70,002 | +23.2% |
| Amounts payable after more than one year | 17 | €3,805 | - | -€3,805 | |
| Financial debts | 170/4 | €3,805 | - | -€3,805 | |
| Amounts payable within one year | 42/48 | €297,949 | €371,757 | +€73,808 | +24.8% |
| Current portion of amounts payable after more than one year | 42 | €8,036 | €8,568 | +€532 | +6.6% |
| Trade debts | 44 | €177,768 | €245,624 | +€67,856 | +38.2% |
| Suppliers | 440/4 | €177,768 | €245,624 | +€67,856 | +38.2% |
| Advances received on contracts in progress | 46 | €65,019 | - | -€65,019 | |
| Taxes, remuneration and social security | 45 | €35,704 | €47,714 | +€12,010 | +33.6% |
| Remuneration and social security | 454/9 | €35,704 | €47,714 | +€12,010 | +33.6% |
| Other amounts payable | 47/48 | €11,422 | €69,850 | +€58,428 | +512% |
| Remuneration, social security and pensions | 62 | €440,539 | €584,125 | +€143,586 | +32.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,446 | €14,026 | +€580 | +4.3% |
| Other operating charges | 640/8 | €911 | €5,387 | +€4,475 | +491% |
| Gross operating margin | 9900 | €441,042 | €617,274 | +€176,233 | +40.0% |
| Operating profit (loss) | 9901 | -€13,854 | €13,737 | +€27,591 | |
| Financial income | 75/76B | €2,509 | €73 | -€2,437 | -97.1% |
| Recurring financial income | 75 | €2,509 | €73 | -€2,437 | -97.1% |
| Financial charges | 65/66B | €3,442 | €8,054 | +€4,612 | +134% |
| Recurring financial charges | 65 | €3,442 | €8,054 | +€4,612 | +134% |
| Profit (loss) for the period before taxes | 9903 | -€14,787 | €5,755 | +€20,542 | |
| Income taxes | 67/77 | €160 | - | -€160 | |
| Profit (loss) for the period | 9904 | -€14,947 | €5,755 | +€20,702 | |
| Profit (loss) for the period to be appropriated | 9905 | -€14,947 | €5,755 | +€20,702 |
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 26 October 2026 via checked.be.