NKN CONSTRUCT: 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.
NKN CONSTRUCT
Largest movements
- Tangible fixed assets +€111,668
up €111,668 (+235.2%), from €47,472 to €159,139
- Receivables within one year +€30,112
up €30,112 (+57.4%), from €52,432 to €82,544
of which Other amounts receivable: +€25,997
- Cash +€24,417
up €24,417 (+1305.6%), from €1,870 to €26,288
mainly Debts after one year (+€118,136) and Current portion of long-term debt (+€26,864)
- Debts after one year +€118,136
new in 2025: €118,136
- Current portion of long-term debt +€26,864
new in 2025: €26,864
- Trade debts +€18,061
up €18,061 (+31.3%), from €57,731 to €75,791
of which Bills of exchange payable: +€20,178
- Profit (loss) carried forward +€10,136
up €10,136 (+40.3%), from €25,182 to €35,318
- Tax, wage and social debts -€7,000
down €7,000 (-38.1%), from €18,362 to €11,362
of which Remuneration and social security: -€6,398
- Other operating charges +€45,169
up €45,169 (+1570.3%), from €2,877 to €48,046
- Gross operating margin +€29,513
up €29,513 (+61.9%), from €47,652 to €77,165
- Depreciation -€6,816
down €6,816 (-43.8%), from €15,565 to €8,749
- Financial charges +€2,043
up €2,043 (+107.5%), from €1,901 to €3,944
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 | €101,774 | €267,971 | +€166,197 | +163.3% |
| Fixed assets | 21/28 | €47,472 | €159,139 | +€111,668 | +235.2% |
| Tangible fixed assets | 22/27 | €47,472 | €159,139 | +€111,668 | +235.2% |
| Furniture and vehicles | 24 | €47,472 | €159,139 | +€111,668 | +235.2% |
| Current assets | 29/58 | €54,302 | €108,831 | +€54,529 | +100.4% |
| Amounts receivable within one year | 40/41 | €52,432 | €82,544 | +€30,112 | +57.4% |
| Trade receivables | 40 | €46,566 | €50,680 | +€4,114 | +8.8% |
| Other amounts receivable | 41 | €5,867 | €31,864 | +€25,997 | +443.1% |
| Cash at bank and in hand | 54/58 | €1,870 | €26,288 | +€24,417 | +1305.6% |
| Total equity and liabilities | 10/49 | €101,774 | €267,971 | +€166,197 | +163.3% |
| Equity | 10/15 | €25,682 | €35,818 | +€10,136 | +39.5% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €25,182 | €35,318 | +€10,136 | +40.3% |
| Amounts payable | 17/49 | €76,092 | €232,153 | +€156,060 | +205.1% |
| Amounts payable after more than one year | 17 | - | €118,136 | +€118,136 | |
| Financial debts | 170/4 | - | €118,136 | +€118,136 | |
| Amounts payable within one year | 42/48 | €76,092 | €114,017 | +€37,924 | +49.8% |
| Current portion of amounts payable after more than one year | 42 | - | €26,864 | +€26,864 | |
| Trade debts | 44 | €57,731 | €75,791 | +€18,061 | +31.3% |
| Suppliers | 440/4 | €47,881 | €45,764 | -€2,117 | -4.4% |
| Bills of exchange payable | 441 | €9,850 | €30,028 | +€20,178 | +204.8% |
| Taxes, remuneration and social security | 45 | €18,362 | €11,362 | -€7,000 | -38.1% |
| Taxes | 450/3 | €7,652 | €7,049 | -€603 | -7.9% |
| Remuneration and social security | 454/9 | €10,710 | €4,313 | -€6,398 | -59.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,565 | €8,749 | -€6,816 | -43.8% |
| Other operating charges | 640/8 | €2,877 | €48,046 | +€45,169 | +1570.3% |
| Gross operating margin | 9900 | €47,652 | €77,165 | +€29,513 | +61.9% |
| Operating profit (loss) | 9901 | €29,210 | €20,370 | -€8,840 | -30.3% |
| Financial income | 75/76B | - | €202 | +€202 | |
| Recurring financial income | 75 | - | €202 | +€202 | |
| Financial charges | 65/66B | €1,901 | €3,944 | +€2,043 | +107.5% |
| Recurring financial charges | 65 | €1,901 | €3,944 | +€2,043 | +107.5% |
| Profit (loss) for the period before taxes | 9903 | €27,309 | €16,628 | -€10,681 | -39.1% |
| Income taxes | 67/77 | €6,445 | €6,492 | +€46 | +0.7% |
| Profit (loss) for the period | 9904 | €20,864 | €10,136 | -€10,728 | -51.4% |
| Profit (loss) for the period to be appropriated | 9905 | €20,864 | €10,136 | -€10,728 | -51.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.