KCW TRADING: 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.
KCW TRADING
Largest movements
- Receivables within one year +€9,561
up €9,561 (+48.7%), from €19,645 to €29,206
of which Other amounts receivable: +€9,483
- Cash -€7,659
down €7,659 (-14.3%), from €53,478 to €45,819
mainly Receivables within one year (-€9,561) and Investment in fixed assets (net) (-€1,121)
- Profit (loss) carried forward +€2,142
up €2,142 (+22.4%), from -€9,546 to -€7,404
- Gross operating margin +€8,091
up €8,091, from -€5,556 to €2,535
- Other operating charges -€483
down €483 (-45.6%), from €1,059 to €576
- Financial income +€317
up €317 (+33.6%), from €941 to €1,258
- Depreciation +€261
up €261 (+43.2%), from €605 to €866
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 | €74,176 | €76,333 | +€2,157 | +2.9% |
| Fixed assets | 21/28 | €1,052 | €1,308 | +€255 | +24.3% |
| Tangible fixed assets | 22/27 | €1,052 | €1,308 | +€255 | +24.3% |
| Furniture and vehicles | 24 | €1,052 | €1,308 | +€255 | +24.3% |
| Current assets | 29/58 | €73,124 | €75,026 | +€1,902 | +2.6% |
| Amounts receivable within one year | 40/41 | €19,645 | €29,206 | +€9,561 | +48.7% |
| Trade receivables | 40 | €760 | €839 | +€79 | +10.3% |
| Other amounts receivable | 41 | €18,885 | €28,367 | +€9,483 | +50.2% |
| Cash at bank and in hand | 54/58 | €53,478 | €45,819 | -€7,659 | -14.3% |
| Total equity and liabilities | 10/49 | €74,176 | €76,333 | +€2,157 | +2.9% |
| Equity | 10/15 | €70,106 | €72,248 | +€2,142 | +3.1% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €61,061 | €61,061 | = | 0.0% |
| Distributable reserves | 133 | €61,061 | €61,061 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€9,546 | -€7,404 | +€2,142 | +22.4% |
| Amounts payable | 17/49 | €4,069 | €4,085 | +€15 | +0.4% |
| Amounts payable within one year | 42/48 | €4,069 | €4,085 | +€15 | +0.4% |
| Trade debts | 44 | €34 | €49 | +€15 | +44.6% |
| Suppliers | 440/4 | €34 | €49 | +€15 | +44.6% |
| Taxes, remuneration and social security | 45 | €92 | €92 | = | 0.0% |
| Taxes | 450/3 | €92 | €92 | = | 0.0% |
| Other amounts payable | 47/48 | €3,943 | €3,943 | = | 0.0% |
| Non-recurring operating income | 76A | €2,329 | - | -€2,329 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €605 | €866 | +€261 | +43.2% |
| Other operating charges | 640/8 | €1,059 | €576 | -€483 | -45.6% |
| Gross operating margin | 9900 | -€5,556 | €2,535 | +€8,091 | |
| Operating profit (loss) | 9901 | -€7,220 | €1,093 | +€8,312 | |
| Financial income | 75/76B | €941 | €1,258 | +€317 | +33.6% |
| Recurring financial income | 75 | €941 | €1,258 | +€317 | +33.6% |
| Financial charges | 65/66B | €187 | €208 | +€21 | +11.4% |
| Recurring financial charges | 65 | €187 | €208 | +€21 | +11.4% |
| Profit (loss) for the period before taxes | 9903 | -€6,466 | €2,142 | +€8,608 | |
| Income taxes | 67/77 | €36 | - | -€36 | |
| Profit (loss) for the period | 9904 | -€6,502 | €2,142 | +€8,644 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,502 | €2,142 | +€8,644 |
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 18 October 2026 via checked.be.