P.K. 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.
P.K. Projects
Largest movements
- Tangible fixed assets -€31,383
down €31,383 (-4.1%), from €757,776 to €726,394
of which Land and buildings: -€26,753
- Cash +€18,505
up €18,505 (+1,531%), from €1,209 to €19,714
mainly Net result for the year (+€40,222) and Depreciation (+€35,907)
- Receivables within one year +€10,555
up €10,555 (+97.4%), from €10,842 to €21,397
of which Trade receivables: +€5,481
- Debts after one year -€51,408
down €51,408 (-10.0%), from €513,592 to €462,184
- Reserves +€40,222
up €40,222 (+40.7%), from €98,890 to €139,111
- Gross operating margin +€13,898
up €13,898 (+14.9%), from €93,019 to €106,917
- Depreciation -€8,219
down €8,219 (-18.6%), from €44,126 to €35,907
- Taxes +€5,821
up €5,821 (+382%), from €1,525 to €7,346
- Other operating charges +€1,932
up €1,932 (+69.3%), from €2,787 to €4,719
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 | €781,042 | €777,832 | -€3,209 | -0.4% |
| Fixed assets | 21/28 | €763,976 | €732,594 | -€31,383 | -4.1% |
| Tangible fixed assets | 22/27 | €757,776 | €726,394 | -€31,383 | -4.1% |
| Land and buildings | 22 | €747,893 | €721,140 | -€26,753 | -3.6% |
| Plant, machinery and equipment | 23 | €4,339 | €5,169 | +€830 | +19.1% |
| Furniture and vehicles | 24 | €5,545 | €85 | -€5,460 | -98.5% |
| Financial fixed assets | 28 | €6,200 | €6,200 | = | 0.0% |
| Current assets | 29/58 | €17,065 | €45,239 | +€28,174 | +165% |
| Amounts receivable within one year | 40/41 | €10,842 | €21,397 | +€10,555 | +97.4% |
| Trade receivables | 40 | €10,608 | €16,089 | +€5,481 | +51.7% |
| Other amounts receivable | 41 | €234 | €5,307 | +€5,073 | +2,168% |
| Cash at bank and in hand | 54/58 | €1,209 | €19,714 | +€18,505 | +1,531% |
| Deferred charges and accrued income | 490/1 | €5,014 | €4,128 | -€886 | -17.7% |
| Total equity and liabilities | 10/49 | €781,042 | €777,832 | -€3,209 | -0.4% |
| Equity | 10/15 | €105,090 | €145,311 | +€40,222 | +38.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €98,890 | €139,111 | +€40,222 | +40.7% |
| Distributable reserves | 133 | €98,890 | €139,111 | +€40,222 | +40.7% |
| Amounts payable | 17/49 | €675,952 | €632,521 | -€43,431 | -6.4% |
| Amounts payable after more than one year | 17 | €513,592 | €462,184 | -€51,408 | -10.0% |
| Financial debts | 170/4 | €513,592 | €462,184 | -€51,408 | -10.0% |
| Amounts payable within one year | 42/48 | €159,102 | €167,509 | +€8,407 | +5.3% |
| Current portion of amounts payable after more than one year | 42 | €50,007 | €51,399 | +€1,392 | +2.8% |
| Trade debts | 44 | €1,439 | €4,897 | +€3,458 | +240% |
| Suppliers | 440/4 | €1,439 | €4,897 | +€3,458 | +240% |
| Taxes, remuneration and social security | 45 | €8,031 | €8,828 | +€797 | +9.9% |
| Taxes | 450/3 | €8,031 | €8,828 | +€797 | +9.9% |
| Other amounts payable | 47/48 | €99,625 | €102,385 | +€2,760 | +2.8% |
| Accrued charges and deferred income | 492/3 | €3,258 | €2,828 | -€430 | -13.2% |
| Non-recurring operating income | 76A | - | €5,952 | +€5,952 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,126 | €35,907 | -€8,219 | -18.6% |
| Other operating charges | 640/8 | €2,787 | €4,719 | +€1,932 | +69.3% |
| Gross operating margin | 9900 | €93,019 | €106,917 | +€13,898 | +14.9% |
| Operating profit (loss) | 9901 | €46,106 | €66,291 | +€20,185 | +43.8% |
| Financial income | 75/76B | €0 | €819 | +€819 | +221,359% |
| Recurring financial income | 75 | €0 | €819 | +€819 | +221,359% |
| Financial charges | 65/66B | €18,611 | €19,542 | +€931 | +5.0% |
| Recurring financial charges | 65 | €18,611 | €19,542 | +€931 | +5.0% |
| Profit (loss) for the period before taxes | 9903 | €27,495 | €47,568 | +€20,073 | +73.0% |
| Income taxes | 67/77 | €1,525 | €7,346 | +€5,821 | +382% |
| Profit (loss) for the period | 9904 | €25,970 | €40,222 | +€14,252 | +54.9% |
| Profit (loss) for the period to be appropriated | 9905 | €25,970 | €40,222 | +€14,252 | +54.9% |
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 14 October 2026 via checked.be.