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
- Receivables within one year +€47,715
up €47,715 (+340%), from €14,052 to €61,767
of which Other amounts receivable: +€40,105
- Tangible fixed assets -€12,874
down €12,874 (-49.7%), from €25,929 to €13,055
of which Furniture and vehicles: -€11,643
- Stocks and contracts -€7,471
down €7,471 (-63.2%), from €11,827 to €4,356
- Cash +€4,700
up €4,700 (+33.6%), from €13,972 to €18,672
mainly Net result for the year (+€42,929) and Depreciation (+€12,874)
- Deferred charges and accrued income +€1,827
up €1,827 (+24,756%), from €7 to €1,834
- Profit (loss) carried forward +€27,929
up €27,929 (+180%), from €15,499 to €43,427
- Other debts +€10,927
up €10,927 (+268%), from €4,073 to €15,000
- Trade debts -€9,202
down €9,202 (-24.9%), from €36,973 to €27,771
- Tax, wage and social debts +€4,243
up €4,243 (+100.0%), from €4,244 to €8,487
- Gross operating margin +€44,875
up €44,875 (+208%), from €21,525 to €66,400
- Depreciation +€11,871
up €11,871 (+1,184%), from €1,003 to €12,874
- Taxes +€3,444
up €3,444 (+81.2%), from €4,244 to €7,688
- Other operating charges +€1,923
up €1,923 (+332%), from €579 to €2,502
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 | €65,788 | €99,685 | +€33,897 | +51.5% |
| Fixed assets | 21/28 | €25,929 | €13,055 | -€12,874 | -49.7% |
| Tangible fixed assets | 22/27 | €25,929 | €13,055 | -€12,874 | -49.7% |
| Plant, machinery and equipment | 23 | €2,708 | €1,477 | -€1,232 | -45.5% |
| Furniture and vehicles | 24 | €23,221 | €11,578 | -€11,643 | -50.1% |
| Current assets | 29/58 | €39,859 | €86,630 | +€46,771 | +117% |
| Stocks and contracts in progress | 3 | €11,827 | €4,356 | -€7,471 | -63.2% |
| Stocks | 30/36 | €11,827 | €4,356 | -€7,471 | -63.2% |
| Amounts receivable within one year | 40/41 | €14,052 | €61,767 | +€47,715 | +340% |
| Trade receivables | 40 | €8,859 | €16,468 | +€7,609 | +85.9% |
| Other amounts receivable | 41 | €5,193 | €45,299 | +€40,105 | +772% |
| Cash at bank and in hand | 54/58 | €13,972 | €18,672 | +€4,700 | +33.6% |
| Deferred charges and accrued income | 490/1 | €7 | €1,834 | +€1,827 | +24,756% |
| Total equity and liabilities | 10/49 | €65,788 | €99,685 | +€33,897 | +51.5% |
| Equity | 10/15 | €20,499 | €48,427 | +€27,929 | +136% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €15,499 | €43,427 | +€27,929 | +180% |
| Amounts payable | 17/49 | €45,289 | €51,257 | +€5,968 | +13.2% |
| Amounts payable within one year | 42/48 | €45,289 | €51,257 | +€5,968 | +13.2% |
| Trade debts | 44 | €36,973 | €27,771 | -€9,202 | -24.9% |
| Suppliers | 440/4 | €36,973 | €27,771 | -€9,202 | -24.9% |
| Taxes, remuneration and social security | 45 | €4,244 | €8,487 | +€4,243 | +100.0% |
| Taxes | 450/3 | €4,244 | €8,487 | +€4,243 | +100.0% |
| Other amounts payable | 47/48 | €4,073 | €15,000 | +€10,927 | +268% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,003 | €12,874 | +€11,871 | +1,184% |
| Other operating charges | 640/8 | €579 | €2,502 | +€1,923 | +332% |
| Gross operating margin | 9900 | €21,525 | €66,400 | +€44,875 | +208% |
| Operating profit (loss) | 9901 | €19,942 | €51,023 | +€31,081 | +156% |
| Financial income | 75/76B | €151 | €343 | +€192 | +128% |
| Recurring financial income | 75 | €151 | €343 | +€192 | +128% |
| Financial charges | 65/66B | €351 | €750 | +€399 | +114% |
| Recurring financial charges | 65 | €351 | €750 | +€399 | +114% |
| Profit (loss) for the period before taxes | 9903 | €19,742 | €50,617 | +€30,874 | +156% |
| Income taxes | 67/77 | €4,244 | €7,688 | +€3,444 | +81.2% |
| Profit (loss) for the period | 9904 | €15,499 | €42,929 | +€27,430 | +177% |
| Profit (loss) for the period to be appropriated | 9905 | €15,499 | €42,929 | +€27,430 | +177% |
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 23 October 2026 via checked.be.