KDW-services: 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.
KDW-services
Largest movements
- Cash -€11,617
down €11,617 (-97.0%), from €11,976 to €358
mainly Investment in fixed assets (net) (-€12,546) and Trade debts (-€7,348)
- Tangible fixed assets +€8,351
up €8,351 (+50.2%), from €16,632 to €24,984
of which Furniture and vehicles: +€9,977
- Stocks and contracts +€1,575
up €1,575 (+69.7%), from €2,261 to €3,836
of which Contracts in progress: +€1,575
- Receivables within one year +€1,445
up €1,445 (+8.7%), from €16,609 to €18,054
of which Trade receivables: +€9,815
- Deferred charges and accrued income -€843
down €843 (-47.9%), from €1,759 to €916
- Debts after one year +€13,251
up €13,251 (+181%), from €7,330 to €20,581
- Trade debts -€7,348
down €7,348 (-82.7%), from €8,887 to €1,539
- Other debts -€6,287
down €6,287 (-92.5%), from €6,800 to €513
- Current portion of long-term debt +€3,429
up €3,429 (+84.1%), from €4,078 to €7,507
- Tax, wage and social debts -€2,373
down €2,373 (-42.6%), from €5,569 to €3,196
- Gross operating margin -€17,491
down €17,491 (-72.1%), from €24,254 to €6,762
- Depreciation -€4,169
down €4,169 (-49.8%), from €8,364 to €4,194
- Taxes -€3,196
no longer reported in 2025 (was €3,196)
- Financial charges +€523
up €523 (+45.3%), from €1,153 to €1,675
- Financial income -€285
no longer reported in 2025 (was €285)
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 | €49,237 | €48,148 | -€1,088 | -2.2% |
| Fixed assets | 21/28 | €16,632 | €24,984 | +€8,351 | +50.2% |
| Tangible fixed assets | 22/27 | €16,632 | €24,984 | +€8,351 | +50.2% |
| Plant, machinery and equipment | 23 | €4,178 | €2,552 | -€1,626 | -38.9% |
| Furniture and vehicles | 24 | €12,454 | €22,432 | +€9,977 | +80.1% |
| Current assets | 29/58 | €32,604 | €23,165 | -€9,440 | -29.0% |
| Stocks and contracts in progress | 3 | €2,261 | €3,836 | +€1,575 | +69.7% |
| Stocks | 30/36 | €61 | €61 | = | 0.0% |
| Contracts in progress | 37 | €2,200 | €3,775 | +€1,575 | +71.6% |
| Amounts receivable within one year | 40/41 | €16,609 | €18,054 | +€1,445 | +8.7% |
| Trade receivables | 40 | €8,212 | €18,027 | +€9,815 | +120% |
| Other amounts receivable | 41 | €8,397 | €27 | -€8,370 | -99.7% |
| Cash at bank and in hand | 54/58 | €11,976 | €358 | -€11,617 | -97.0% |
| Deferred charges and accrued income | 490/1 | €1,759 | €916 | -€843 | -47.9% |
| Total equity and liabilities | 10/49 | €49,237 | €48,148 | -€1,088 | -2.2% |
| Equity | 10/15 | €16,572 | €14,811 | -€1,761 | -10.6% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €10 | €10 | = | 0.0% |
| Distributable reserves | 133 | €10 | €10 | = | 0.0% |
| Profit (loss) carried forward | 14 | €16,462 | €14,701 | -€1,761 | -10.7% |
| Amounts payable | 17/49 | €32,665 | €33,337 | +€672 | +2.1% |
| Amounts payable after more than one year | 17 | €7,330 | €20,581 | +€13,251 | +181% |
| Financial debts | 170/4 | €7,330 | €20,581 | +€13,251 | +181% |
| Amounts payable within one year | 42/48 | €25,335 | €12,756 | -€12,579 | -49.7% |
| Current portion of amounts payable after more than one year | 42 | €4,078 | €7,507 | +€3,429 | +84.1% |
| Trade debts | 44 | €8,887 | €1,539 | -€7,348 | -82.7% |
| Suppliers | 440/4 | €8,887 | €1,539 | -€7,348 | -82.7% |
| Taxes, remuneration and social security | 45 | €5,569 | €3,196 | -€2,373 | -42.6% |
| Taxes | 450/3 | €5,569 | €3,196 | -€2,373 | -42.6% |
| Other amounts payable | 47/48 | €6,800 | €513 | -€6,287 | -92.5% |
| Non-recurring operating income | 76A | €6,535 | €853 | -€5,682 | -86.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,364 | €4,194 | -€4,169 | -49.8% |
| Other operating charges | 640/8 | €575 | €378 | -€197 | -34.3% |
| Non-recurring operating charges | 66A | - | €2,275 | +€2,275 | |
| Gross operating margin | 9900 | €24,254 | €6,762 | -€17,491 | -72.1% |
| Operating profit (loss) | 9901 | €15,315 | -€85 | -€15,400 | |
| Financial income | 75/76B | €285 | - | -€285 | |
| Recurring financial income | 75 | €285 | - | -€285 | |
| Financial charges | 65/66B | €1,153 | €1,675 | +€523 | +45.3% |
| Recurring financial charges | 65 | €1,153 | €1,675 | +€523 | +45.3% |
| Profit (loss) for the period before taxes | 9903 | €14,447 | -€1,761 | -€16,207 | |
| Income taxes | 67/77 | €3,196 | - | -€3,196 | |
| Profit (loss) for the period | 9904 | €11,251 | -€1,761 | -€13,011 | |
| Profit (loss) for the period to be appropriated | 9905 | €11,251 | -€1,761 | -€13,011 |
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 19 October 2026 via checked.be.