BOUWONDERNEMING K & V: 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.
BOUWONDERNEMING K & V
Largest movements
- Receivables within one year +€83,988
up €83,988 (+161%), from €52,114 to €136,102
of which Trade receivables: +€76,463
- Tangible fixed assets +€58,460
up €58,460 (+16.2%), from €360,630 to €419,090
of which Plant, machinery and equipment: +€61,624
- Cash +€29,294
up €29,294 (+107%), from €27,426 to €56,720
mainly Trade debts (+€70,535) and Net result for the year (+€42,347)
- Stocks and contracts -€17,000
down €17,000 (-100%), from €17,000 to €0
- Trade debts +€70,535
up €70,535 (+4,428%), from €1,593 to €72,128
- Reserves +€42,347
up €42,347 (+14.0%), from €301,960 to €344,306
- Debts after one year +€36,800
up €36,800 (+32.9%), from €111,746 to €148,546
- Current portion of long-term debt +€7,743
up €7,743 (+26.8%), from €28,841 to €36,585
- Depreciation -€20,864
down €20,864 (-36.1%), from €57,818 to €36,954
- Gross operating margin +€20,590
up €20,590 (+27.2%), from €75,725 to €96,315
- Taxes +€10,464
up €10,464 (+236%), from €4,434 to €14,898
- Financial income +€1,929
up €1,929 (+138%), from €1,398 to €3,327
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 | €464,981 | €618,818 | +€153,837 | +33.1% |
| Fixed assets | 21/28 | €362,835 | €421,160 | +€58,325 | +16.1% |
| Tangible fixed assets | 22/27 | €360,630 | €419,090 | +€58,460 | +16.2% |
| Land and buildings | 22 | €245,896 | €235,627 | -€10,269 | -4.2% |
| Plant, machinery and equipment | 23 | €88,728 | €150,352 | +€61,624 | +69.5% |
| Furniture and vehicles | 24 | €15,628 | €22,531 | +€6,903 | +44.2% |
| Other tangible fixed assets | 26 | €10,379 | €10,581 | +€202 | +2.0% |
| Financial fixed assets | 28 | €2,205 | €2,070 | -€135 | -6.1% |
| Current assets | 29/58 | €102,146 | €197,658 | +€95,512 | +93.5% |
| Stocks and contracts in progress | 3 | €17,000 | €0 | -€17,000 | -100% |
| Contracts in progress | 37 | €17,000 | €0 | -€17,000 | -100% |
| Amounts receivable within one year | 40/41 | €52,114 | €136,102 | +€83,988 | +161% |
| Trade receivables | 40 | €29,857 | €106,320 | +€76,463 | +256% |
| Other amounts receivable | 41 | €22,257 | €29,782 | +€7,524 | +33.8% |
| Cash at bank and in hand | 54/58 | €27,426 | €56,720 | +€29,294 | +107% |
| Deferred charges and accrued income | 490/1 | €5,606 | €4,836 | -€770 | -13.7% |
| Total equity and liabilities | 10/49 | €464,981 | €618,818 | +€153,837 | +33.1% |
| Equity | 10/15 | €308,160 | €350,506 | +€42,347 | +13.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €301,960 | €344,306 | +€42,347 | +14.0% |
| Distributable reserves | 133 | €301,960 | €344,306 | +€42,347 | +14.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €156,821 | €268,311 | +€111,490 | +71.1% |
| Amounts payable after more than one year | 17 | €111,746 | €148,546 | +€36,800 | +32.9% |
| Financial debts | 170/4 | €111,746 | €148,546 | +€36,800 | +32.9% |
| Amounts payable within one year | 42/48 | €44,949 | €119,765 | +€74,816 | +166% |
| Current portion of amounts payable after more than one year | 42 | €28,841 | €36,585 | +€7,743 | +26.8% |
| Trade debts | 44 | €1,593 | €72,128 | +€70,535 | +4,428% |
| Suppliers | 440/4 | €1,593 | €72,128 | +€70,535 | +4,428% |
| Taxes, remuneration and social security | 45 | €1,410 | €1,325 | -€85 | -6.0% |
| Taxes | 450/3 | €1,410 | €1,325 | -€85 | -6.0% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €13,105 | €9,728 | -€3,377 | -25.8% |
| Accrued charges and deferred income | 492/3 | €126 | €0 | -€126 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €57,818 | €36,954 | -€20,864 | -36.1% |
| Other operating charges | 640/8 | €1,376 | €1,659 | +€283 | +20.6% |
| Gross operating margin | 9900 | €75,725 | €96,315 | +€20,590 | +27.2% |
| Operating profit (loss) | 9901 | €16,532 | €57,702 | +€41,171 | +249% |
| Financial income | 75/76B | €1,398 | €3,327 | +€1,929 | +138% |
| Recurring financial income | 75 | €1,398 | €3,327 | +€1,929 | +138% |
| Financial charges | 65/66B | €4,036 | €3,785 | -€251 | -6.2% |
| Recurring financial charges | 65 | €4,036 | €3,785 | -€251 | -6.2% |
| Profit (loss) for the period before taxes | 9903 | €13,894 | €57,244 | +€43,350 | +312% |
| Income taxes | 67/77 | €4,434 | €14,898 | +€10,464 | +236% |
| Profit (loss) for the period | 9904 | €9,460 | €42,347 | +€32,886 | +348% |
| Profit (loss) for the period to be appropriated | 9905 | €9,460 | €42,347 | +€32,886 | +348% |
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 18 October 2026 via checked.be.