KEVIN WARNIER CONSTRUCTION: 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.
KEVIN WARNIER CONSTRUCTION
Largest movements
- Cash +€12,432
up €12,432 (+117%), from €10,602 to €23,034
mainly Net result for the year (+€21,209) and Tax, wage and social debts (+€1,950)
- Tangible fixed assets +€2,799
up €2,799 (+304%), from €921 to €3,720
of which Plant, machinery and equipment: +€1,938
- Deferred charges and accrued income +€1,452
new in 2025: €1,452
- Receivables within one year -€930
down €930 (-5.6%), from €16,506 to €15,576
of which Trade receivables: -€1,254
- Reserves +€21,000
up €21,000 (+168%), from €12,500 to €33,500
- Other debts -€6,995
no longer reported in 2025 (was €6,995)
- Tax, wage and social debts +€1,950
up €1,950 (+57.4%), from €3,400 to €5,350
- Purchases and services -€80,090
down €80,090 (-62.2%), from €128,781 to €48,690
- Gross operating margin +€8,377
up €8,377 (+40.9%), from €20,486 to €28,863
- Staff costs -€2,867
down €2,867 (-82.5%), from €3,474 to €607
- Taxes +€1,926
up €1,926 (+56.7%), from €3,400 to €5,326
- Depreciation +€544
up €544 (+144%), from €379 to €923
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 | €28,234 | €43,986 | +€15,752 | +55.8% |
| Fixed assets | 21/28 | €1,126 | €3,925 | +€2,799 | +249% |
| Tangible fixed assets | 22/27 | €921 | €3,720 | +€2,799 | +304% |
| Plant, machinery and equipment | 23 | €921 | €2,859 | +€1,938 | +210% |
| Furniture and vehicles | 24 | - | €861 | +€861 | |
| Financial fixed assets | 28 | €205 | €205 | = | 0.0% |
| Current assets | 29/58 | €27,107 | €40,061 | +€12,954 | +47.8% |
| Amounts receivable within one year | 40/41 | €16,506 | €15,576 | -€930 | -5.6% |
| Trade receivables | 40 | €14,338 | €13,084 | -€1,254 | -8.7% |
| Other amounts receivable | 41 | €2,168 | €2,492 | +€324 | +14.9% |
| Cash at bank and in hand | 54/58 | €10,602 | €23,034 | +€12,432 | +117% |
| Deferred charges and accrued income | 490/1 | - | €1,452 | +€1,452 | |
| Total equity and liabilities | 10/49 | €28,234 | €43,986 | +€15,752 | +55.8% |
| Equity | 10/15 | €15,129 | €36,338 | +€21,209 | +140% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Capital | 10 | €2,500 | €2,500 | = | 0.0% |
| Issued capital | 100 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €12,500 | €33,500 | +€21,000 | +168% |
| Distributable reserves | 133 | €12,500 | €33,500 | +€21,000 | +168% |
| Profit (loss) carried forward | 14 | €129 | €338 | +€209 | +161% |
| Amounts payable | 17/49 | €13,104 | €7,648 | -€5,456 | -41.6% |
| Amounts payable within one year | 42/48 | €13,104 | €7,648 | -€5,456 | -41.6% |
| Trade debts | 44 | €2,709 | €2,298 | -€411 | -15.2% |
| Suppliers | 440/4 | €2,709 | €2,298 | -€411 | -15.2% |
| Taxes, remuneration and social security | 45 | €3,400 | €5,350 | +€1,950 | +57.4% |
| Taxes | 450/3 | €3,400 | €5,350 | +€1,950 | +57.4% |
| Other amounts payable | 47/48 | €6,995 | - | -€6,995 | |
| Goods, raw materials, services and sundry goods | 60/61 | €128,781 | €48,690 | -€80,090 | -62.2% |
| Remuneration, social security and pensions | 62 | €3,474 | €607 | -€2,867 | -82.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €379 | €923 | +€544 | +144% |
| Other operating charges | 640/8 | €619 | €617 | -€2 | -0.4% |
| Gross operating margin | 9900 | €20,486 | €28,863 | +€8,377 | +40.9% |
| Operating profit (loss) | 9901 | €16,014 | €26,716 | +€10,702 | +66.8% |
| Financial income | 75/76B | €62 | - | -€62 | |
| Recurring financial income | 75 | €62 | - | -€62 | |
| Financial charges | 65/66B | €46 | €181 | +€134 | +291% |
| Recurring financial charges | 65 | €46 | €181 | +€134 | +291% |
| Profit (loss) for the period before taxes | 9903 | €16,029 | €26,535 | +€10,506 | +65.5% |
| Income taxes | 67/77 | €3,400 | €5,326 | +€1,926 | +56.7% |
| Profit (loss) for the period | 9904 | €12,629 | €21,209 | +€8,579 | +67.9% |
| Profit (loss) for the period to be appropriated | 9905 | €12,629 | €21,209 | +€8,579 | +67.9% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.