K.W.S.: 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.S.
Largest movements
- Tangible fixed assets -€14,241
down €14,241 (-4.1%), from €345,729 to €331,488
of which Land and buildings: -€13,797
- Debts after one year -€6,987
down €6,987 (-5.9%), from €118,657 to €111,670
- Reserves -€4,356
down €4,356 (-3.0%), from €143,587 to €139,231
of which Tax-exempt reserves: -€5,624
- Gross operating margin -€2,823
down €2,823 (-14.4%), from €19,643 to €16,820
- Other operating charges +€2,592
up €2,592 (+93.7%), from €2,767 to €5,359
- Taxes -€1,871
down €1,871 (-71.0%), from €2,636 to €765
- Financial charges +€431
up €431 (+30.1%), from €1,432 to €1,863
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 | €357,265 | €344,063 | -€13,202 | -3.7% |
| Fixed assets | 21/28 | €345,729 | €331,488 | -€14,241 | -4.1% |
| Tangible fixed assets | 22/27 | €345,729 | €331,488 | -€14,241 | -4.1% |
| Land and buildings | 22 | €344,840 | €331,043 | -€13,797 | -4.0% |
| Furniture and vehicles | 24 | €889 | €444 | -€444 | -50.0% |
| Current assets | 29/58 | €11,536 | €12,575 | +€1,039 | +9.0% |
| Amounts receivable within one year | 40/41 | €2,016 | €2,016 | = | 0.0% |
| Other amounts receivable | 41 | €2,016 | €2,016 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €9,520 | €10,559 | +€1,039 | +10.9% |
| Total equity and liabilities | 10/49 | €357,265 | €344,063 | -€13,202 | -3.7% |
| Equity | 10/15 | €173,587 | €169,231 | -€4,356 | -2.5% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €143,587 | €139,231 | -€4,356 | -3.0% |
| Tax-exempt reserves | 132 | €118,294 | €112,671 | -€5,624 | -4.8% |
| Distributable reserves | 133 | €25,292 | €26,560 | +€1,268 | +5.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €39,428 | €37,551 | -€1,878 | -4.8% |
| Deferred taxes | 168 | €39,428 | €37,551 | -€1,878 | -4.8% |
| Amounts payable | 17/49 | €144,250 | €137,281 | -€6,969 | -4.8% |
| Amounts payable after more than one year | 17 | €118,657 | €111,670 | -€6,987 | -5.9% |
| Financial debts | 170/4 | €118,657 | €111,670 | -€6,987 | -5.9% |
| Amounts payable within one year | 42/48 | €25,593 | €25,611 | +€18 | +0.1% |
| Current portion of amounts payable after more than one year | 42 | €9,796 | €9,893 | +€97 | +1.0% |
| Trade debts | 44 | €59 | €0 | -€59 | -100% |
| Suppliers | 440/4 | €59 | €0 | -€59 | -100% |
| Taxes, remuneration and social security | 45 | €2,636 | €3,401 | +€765 | +29.0% |
| Taxes | 450/3 | €2,636 | €3,401 | +€765 | +29.0% |
| Other amounts payable | 47/48 | €13,103 | €12,317 | -€785 | -6.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,207 | €14,241 | +€34 | +0.2% |
| Other operating charges | 640/8 | €2,767 | €5,359 | +€2,592 | +93.7% |
| Gross operating margin | 9900 | €19,643 | €16,820 | -€2,823 | -14.4% |
| Operating profit (loss) | 9901 | €2,669 | -€2,780 | -€5,449 | |
| Financial income | 75/76B | €0 | €7 | +€7 | |
| Recurring financial income | 75 | €0 | €7 | +€7 | |
| Financial charges | 65/66B | €1,432 | €1,863 | +€431 | +30.1% |
| Recurring financial charges | 65 | €1,432 | €1,863 | +€431 | +30.1% |
| Profit (loss) for the period before taxes | 9903 | €1,237 | -€4,636 | -€5,873 | |
| Transfer from deferred taxes | 780 | €1,878 | €1,878 | = | 0.0% |
| Income taxes | 67/77 | €2,636 | €765 | -€1,871 | -71.0% |
| Profit (loss) for the period | 9904 | €479 | -€3,523 | -€4,002 | |
| Transfer from tax-exempt reserves | 789 | €5,624 | €5,624 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €6,103 | €2,101 | -€4,002 | -65.6% |
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 20 October 2026 via checked.be.