Kelvin & Watts Engineering: what changed
What changed
Kelvin & Watts Engineering
NACE 43.211, General electrical installation work
filed annual accounts (NBB)
Net result for the year
€77,246
2024 · -€3,263+€80,509
Equity
€78,292
2024 · €1,047+€77,245
Cash
€106,413
2024 · €1,046+€105,368
Balance sheet total
€185,460
2024 · €1,047+€184,413
Largest movements
Assets
- Cash +€105,368
up €105,368 (+10,077%), from €1,046 to €106,413
mainly Trade debts (+€77,347) and Net result for the year (+€77,246)
- Receivables within one year +€78,783
up €78,783 (+7,878,250%), from €1 to €78,784
of which Trade receivables: +€46,291
Equity and liabilities
- Trade debts +€77,347
new in 2025: €77,347
- Profit (loss) carried forward +€77,245
up €77,245, from -€28,413 to €48,832
- Tax, wage and social debts +€28,618
new in 2025: €28,618
of which Taxes: +€26,313
Income statement
- Gross operating margin +€124,336
up €124,336, from -€1,790 to €122,546
- Taxes +€25,915
new in 2025: €25,915
- Staff costs +€16,629
new in 2025: €16,629
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€3,263
Gross operating margin
+€124,336
Staff costs
-€16,629
Depreciation
+€1,051
Other operating charges
-€1,161
Financial charges
-€1,174
Taxes
-€25,915
Result 2025
€77,246
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€105,632
Investment
-€263
Financing
-€1
Cash 2024
€1,046
From operations (derived)
+€105,632
Net result for the year
+€77,246
Receivables within one year
-€78,783
Trade debts
+€77,347
Tax, wage and social debts
+€28,618
Accrued charges and deferred income
+€1,203
Investment (derived)
-€263
Investment in fixed assets (net)
-€263
Financing
-€1
Contributions, distributions and other
-€1
Cash 2025
€106,413
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,047 | €185,460 | +€184,413 | +17,620% |
| Fixed assets | 21/28 | - | €263 | +€263 | |
| Financial fixed assets | 28 | - | €263 | +€263 | |
| Current assets | 29/58 | €1,047 | €185,197 | +€184,150 | +17,595% |
| Amounts receivable within one year | 40/41 | €1 | €78,784 | +€78,783 | +7,878,250% |
| Trade receivables | 40 | - | €46,291 | +€46,291 | |
| Other amounts receivable | 41 | €1 | €32,493 | +€32,492 | +3,249,189% |
| Cash at bank and in hand | 54/58 | €1,046 | €106,413 | +€105,368 | +10,077% |
| Total equity and liabilities | 10/49 | €1,047 | €185,460 | +€184,413 | +17,620% |
| Equity | 10/15 | €1,047 | €78,292 | +€77,245 | +7,381% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €10,860 | €10,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €9,000 | €9,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€28,413 | €48,832 | +€77,245 | |
| Amounts payable | 17/49 | - | €107,168 | +€107,168 | |
| Amounts payable within one year | 42/48 | - | €105,965 | +€105,965 | |
| Trade debts | 44 | - | €77,347 | +€77,347 | |
| Suppliers | 440/4 | - | €77,347 | +€77,347 | |
| Taxes, remuneration and social security | 45 | - | €28,618 | +€28,618 | |
| Taxes | 450/3 | - | €26,313 | +€26,313 | |
| Remuneration and social security | 454/9 | - | €2,305 | +€2,305 | |
| Accrued charges and deferred income | 492/3 | - | €1,203 | +€1,203 | |
| Remuneration, social security and pensions | 62 | - | €16,629 | +€16,629 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,051 | - | -€1,051 | |
| Other operating charges | 640/8 | €397 | €1,558 | +€1,161 | +292% |
| Gross operating margin | 9900 | -€1,790 | €122,546 | +€124,336 | |
| Operating profit (loss) | 9901 | -€3,239 | €104,359 | +€107,597 | |
| Financial charges | 65/66B | €24 | €1,198 | +€1,174 | +4,880% |
| Recurring financial charges | 65 | €24 | €1,198 | +€1,174 | +4,880% |
| Profit (loss) for the period before taxes | 9903 | -€3,263 | €103,161 | +€106,424 | |
| Income taxes | 67/77 | - | €25,915 | +€25,915 | |
| Profit (loss) for the period | 9904 | -€3,263 | €77,246 | +€80,509 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,263 | €77,246 | +€80,509 |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.