K & W - BEHEER: 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.
K & W - BEHEER
Largest movements
- Current investments +€60,000
up €60,000 (+19.0%), from €315,000 to €375,000
- Tangible fixed assets -€22,956
down €22,956 (-4.7%), from €491,018 to €468,062
of which Land and buildings: -€22,956
- Other debts +€24,170
up €24,170 (+2,912%), from €830 to €25,000
- Reserves +€21,000
up €21,000 (+2.6%), from €810,000 to €831,000
- Gross operating margin -€9,901
down €9,901 (-10.0%), from €98,968 to €89,067
- Taxes -€2,952
down €2,952 (-12.0%), from €24,683 to €21,731
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 | €853,362 | €897,973 | +€44,611 | +5.2% |
| Fixed assets | 21/28 | €491,018 | €473,062 | -€17,956 | -3.7% |
| Tangible fixed assets | 22/27 | €491,018 | €468,062 | -€22,956 | -4.7% |
| Land and buildings | 22 | €491,018 | €468,062 | -€22,956 | -4.7% |
| Furniture and vehicles | 24 | - | €0 | = | |
| Financial fixed assets | 28 | - | €5,000 | +€5,000 | |
| Current assets | 29/58 | €362,344 | €424,911 | +€62,567 | +17.3% |
| Amounts receivable within one year | 40/41 | €25,912 | €23,747 | -€2,165 | -8.4% |
| Trade receivables | 40 | €25,912 | €23,190 | -€2,723 | -10.5% |
| Other amounts receivable | 41 | - | €557 | +€557 | |
| Current investments | 50/53 | €315,000 | €375,000 | +€60,000 | +19.0% |
| Cash at bank and in hand | 54/58 | €20,108 | €24,829 | +€4,720 | +23.5% |
| Deferred charges and accrued income | 490/1 | €1,324 | €1,336 | +€12 | +0.9% |
| Total equity and liabilities | 10/49 | €853,362 | €897,973 | +€44,611 | +5.2% |
| Equity | 10/15 | €847,731 | €868,736 | +€21,005 | +2.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €810,000 | €831,000 | +€21,000 | +2.6% |
| Distributable reserves | 133 | €810,000 | €831,000 | +€21,000 | +2.6% |
| Profit (loss) carried forward | 14 | €25,331 | €25,336 | +€5 | 0.0% |
| Amounts payable | 17/49 | €5,631 | €29,237 | +€23,606 | +419% |
| Amounts payable within one year | 42/48 | €5,631 | €29,237 | +€23,606 | +419% |
| Trade debts | 44 | €353 | €2,737 | +€2,384 | +676% |
| Suppliers | 440/4 | €353 | €2,737 | +€2,384 | +676% |
| Taxes, remuneration and social security | 45 | €4,448 | €1,500 | -€2,948 | -66.3% |
| Taxes | 450/3 | €4,448 | €1,500 | -€2,948 | -66.3% |
| Other amounts payable | 47/48 | €830 | €25,000 | +€24,170 | +2,912% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,896 | €22,956 | -€940 | -3.9% |
| Other operating charges | 640/8 | €4,208 | €4,297 | +€89 | +2.1% |
| Gross operating margin | 9900 | €98,968 | €89,067 | -€9,901 | -10.0% |
| Operating profit (loss) | 9901 | €70,864 | €61,815 | -€9,049 | -12.8% |
| Financial income | 75/76B | €6,756 | €6,186 | -€570 | -8.4% |
| Recurring financial income | 75 | €6,756 | €6,186 | -€570 | -8.4% |
| Financial charges | 65/66B | €330 | €264 | -€65 | -19.8% |
| Recurring financial charges | 65 | €330 | €264 | -€65 | -19.8% |
| Profit (loss) for the period before taxes | 9903 | €77,290 | €67,736 | -€9,554 | -12.4% |
| Income taxes | 67/77 | €24,683 | €21,731 | -€2,952 | -12.0% |
| Profit (loss) for the period | 9904 | €52,607 | €46,005 | -€6,602 | -12.6% |
| Profit (loss) for the period to be appropriated | 9905 | €52,607 | €46,005 | -€6,602 | -12.6% |
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 27 October 2026 via checked.be.