KCF WAPI: what changed
KCF WAPI
Largest movements
- Cash +€63,051
up €63,051 (+76.8%), from €82,136 to €145,186
mainly Net result for the year (+€117,934) and Trade debts (+€20,235)
- Receivables within one year +€41,925
up €41,925 (+26.3%), from €159,591 to €201,516
- Reserves +€117,934
up €117,934 (+21.9%), from €538,520 to €656,454
- Debts after one year -€45,346
down €45,346 (-31.3%), from €145,068 to €99,723
- Trade debts +€20,235
up €20,235 (+59,602%), from €34 to €20,269
- Current portion of long-term debt +€17,336
up €17,336 (+36.1%), from €48,010 to €65,346
- Gross operating margin -€20,883
down €20,883 (-13.3%), from €157,466 to €136,583
- Taxes +€10,076
up €10,076 (+27.6%), from €36,448 to €46,524
Change in the result, 2023 to 2024
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2023 and 2024 balance sheets and the 2024 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €806,727 | €911,703 | +€104,976 | +13.0% |
| Fixed assets | 21/28 | €565,000 | €565,000 | = | 0.0% |
| Financial fixed assets | 28 | €565,000 | €565,000 | = | 0.0% |
| Current assets | 29/58 | €241,727 | €346,703 | +€104,976 | +43.4% |
| Amounts receivable within one year | 40/41 | €159,591 | €201,516 | +€41,925 | +26.3% |
| Trade receivables | 40 | €159,591 | €201,516 | +€41,925 | +26.3% |
| Cash at bank and in hand | 54/58 | €82,136 | €145,186 | +€63,051 | +76.8% |
| Total equity and liabilities | 10/49 | €806,727 | €911,703 | +€104,976 | +13.0% |
| Equity | 10/15 | €551,020 | €668,954 | +€117,934 | +21.4% |
| Contributions | 10/11 | €12,500 | €12,500 | = | 0.0% |
| Reserves | 13 | €538,520 | €656,454 | +€117,934 | +21.9% |
| Distributable reserves | 133 | €538,520 | €656,454 | +€117,934 | +21.9% |
| Amounts payable | 17/49 | €255,707 | €242,749 | -€12,958 | -5.1% |
| Amounts payable after more than one year | 17 | €145,068 | €99,723 | -€45,346 | -31.3% |
| Financial debts | 170/4 | €145,068 | €99,723 | -€45,346 | -31.3% |
| Amounts payable within one year | 42/48 | €110,638 | €143,026 | +€32,388 | +29.3% |
| Current portion of amounts payable after more than one year | 42 | €48,010 | €65,346 | +€17,336 | +36.1% |
| Trade debts | 44 | €34 | €20,269 | +€20,235 | +59,602% |
| Suppliers | 440/4 | €34 | €20,269 | +€20,235 | +59,602% |
| Taxes, remuneration and social security | 45 | €32,195 | €27,011 | -€5,184 | -16.1% |
| Taxes | 450/3 | €29,917 | €27,011 | -€2,905 | -9.7% |
| Remuneration and social security | 454/9 | €2,278 | - | -€2,278 | |
| Other amounts payable | 47/48 | €30,400 | €30,400 | = | 0.0% |
| Other operating charges | 640/8 | €384 | €387 | +€3 | +0.8% |
| Non-recurring operating charges | 66A | €2,500 | - | -€2,500 | |
| Gross operating margin | 9900 | €157,466 | €136,583 | -€20,883 | -13.3% |
| Operating profit (loss) | 9901 | €154,582 | €136,196 | -€18,386 | -11.9% |
| Financial income | 75/76B | €30,000 | €30,001 | +€1 | 0.0% |
| Recurring financial income | 75 | €30,000 | €30,001 | +€1 | 0.0% |
| Financial charges | 65/66B | €2,425 | €1,739 | -€686 | -28.3% |
| Recurring financial charges | 65 | €2,425 | €1,739 | -€686 | -28.3% |
| Profit (loss) for the period before taxes | 9903 | €182,157 | €164,458 | -€17,699 | -9.7% |
| Income taxes | 67/77 | €36,448 | €46,524 | +€10,076 | +27.6% |
| Profit (loss) for the period | 9904 | €145,709 | €117,934 | -€27,774 | -19.1% |
| Profit (loss) for the period to be appropriated | 9905 | €145,709 | €117,934 | -€27,774 | -19.1% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.