K&W Capital: 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 Capital
Largest movements
- Cash -€2,156
no longer reported in 2025 (was €2,156)
mainly Net result for the year (-€2,814)
- Formation expenses -€258
down €258 (-22.8%), from €1,133 to €875
- Profit (loss) carried forward -€2,814
down €2,814 (-494%), from -€570 to -€3,384
- Other debts +€400
new in 2025: €400
- Other operating charges +€400
new in 2025: €400
- Gross operating margin +€348
no longer reported in 2025 (was -€348)
- Depreciation +€101
up €101 (+64.9%), from €156 to €258
- Financial charges -€81
no longer reported in 2025 (was €81)
- Financial income -€15
no longer reported in 2025 (was €15)
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 | €3,550 | €1,136 | -€2,414 | -68.0% |
| Formation expenses | 20 | €1,133 | €875 | -€258 | -22.8% |
| Current assets | 29/58 | €2,418 | €261 | -€2,156 | -89.2% |
| Amounts receivable within one year | 40/41 | €261 | €261 | = | 0.0% |
| Other amounts receivable | 41 | €261 | €261 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €2,156 | - | -€2,156 | |
| Total equity and liabilities | 10/49 | €3,550 | €1,136 | -€2,414 | -68.0% |
| Equity | 10/15 | €3,430 | €616 | -€2,814 | -82.0% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€570 | -€3,384 | -€2,814 | -494% |
| Amounts payable | 17/49 | €120 | €520 | +€400 | +333% |
| Amounts payable within one year | 42/48 | €120 | €520 | +€400 | +333% |
| Trade debts | 44 | €120 | €120 | = | 0.0% |
| Suppliers | 440/4 | €120 | €120 | = | 0.0% |
| Other amounts payable | 47/48 | - | €400 | +€400 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €156 | €258 | +€101 | +64.9% |
| Other operating charges | 640/8 | - | €400 | +€400 | |
| Non-recurring operating charges | 66A | - | €2,156 | +€2,156 | |
| Gross operating margin | 9900 | -€348 | - | +€348 | |
| Operating profit (loss) | 9901 | -€504 | -€2,814 | -€2,309 | -458% |
| Financial income | 75/76B | €15 | - | -€15 | |
| Recurring financial income | 75 | €15 | - | -€15 | |
| Financial charges | 65/66B | €81 | - | -€81 | |
| Recurring financial charges | 65 | €81 | - | -€81 | |
| Profit (loss) for the period before taxes | 9903 | -€570 | -€2,814 | -€2,244 | -394% |
| Profit (loss) for the period | 9904 | -€570 | -€2,814 | -€2,244 | -394% |
| Profit (loss) for the period to be appropriated | 9905 | -€570 | -€2,814 | -€2,244 | -394% |
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 30 October 2026 via checked.be.