KINGWOOD: what changed
KINGWOOD
Largest movements
- Cash -€50,928
down €50,928 (-32.3%), from €157,878 to €106,950
mainly Trade debts (-€63,780) and Stocks and contracts (-€30,896)
- Receivables within one year -€47,914
down €47,914 (-37.3%), from €128,405 to €80,491
of which Trade receivables: -€33,235
- Stocks and contracts +€30,896
up €30,896 (+396%), from €7,810 to €38,706
- Tangible fixed assets -€12,160
down €12,160 (-11.0%), from €110,348 to €98,188
of which Furniture and vehicles: -€7,689
- Trade debts -€63,780
down €63,780 (-56.6%), from €112,708 to €48,928
- Tax, wage and social debts -€17,361
down €17,361 (-49.9%), from €34,807 to €17,446
of which Taxes: -€19,875
- Profit (loss) carried forward +€5,834
up €5,834 (+4.1%), from €143,672 to €149,506
- Debts after one year -€4,940
no longer reported in 2023 (was €4,940)
- Gross operating margin -€50,555
down €50,555 (-17.7%), from €285,306 to €234,751
- Financial charges -€47,275
down €47,275 (-98.3%), from €48,096 to €821
of which Financial charges: -€34,271
- Staff costs +€29,801
up €29,801 (+16.8%), from €177,693 to €207,494
- Depreciation -€15,741
down €15,741 (-56.4%), from €27,901 to €12,160
- Taxes +€6,071
up €6,071 (+373%), from €1,628 to €7,699
Change in the result, 2022 to 2023
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 2022 and 2023 balance sheets and the 2023 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 | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €409,819 | €329,712 | -€80,107 | -19.5% |
| Fixed assets | 21/28 | €110,348 | €98,188 | -€12,160 | -11.0% |
| Tangible fixed assets | 22/27 | €110,348 | €98,188 | -€12,160 | -11.0% |
| Plant, machinery and equipment | 23 | €63,362 | €58,891 | -€4,471 | -7.1% |
| Furniture and vehicles | 24 | €46,986 | €39,297 | -€7,689 | -16.4% |
| Current assets | 29/58 | €299,471 | €231,524 | -€67,947 | -22.7% |
| Stocks and contracts in progress | 3 | €7,810 | €38,706 | +€30,896 | +396% |
| Stocks | 30/36 | €7,810 | €38,706 | +€30,896 | +396% |
| Amounts receivable within one year | 40/41 | €128,405 | €80,491 | -€47,914 | -37.3% |
| Trade receivables | 40 | €111,778 | €78,543 | -€33,235 | -29.7% |
| Other amounts receivable | 41 | €16,627 | €1,948 | -€14,679 | -88.3% |
| Cash at bank and in hand | 54/58 | €157,878 | €106,950 | -€50,928 | -32.3% |
| Deferred charges and accrued income | 490/1 | €5,378 | €5,377 | -€1 | 0.0% |
| Total equity and liabilities | 10/49 | €409,819 | €329,712 | -€80,107 | -19.5% |
| Equity | 10/15 | €252,434 | €258,268 | +€5,834 | +2.3% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €46,762 | €46,762 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €3,300 | €3,300 | = | 0.0% |
| Distributable reserves | 133 | €37,262 | €37,262 | = | 0.0% |
| Profit (loss) carried forward | 14 | €143,672 | €149,506 | +€5,834 | +4.1% |
| Amounts payable | 17/49 | €157,385 | €71,444 | -€85,941 | -54.6% |
| Amounts payable after more than one year | 17 | €4,940 | - | -€4,940 | |
| Financial debts | 170/4 | €4,940 | - | -€4,940 | |
| Amounts payable within one year | 42/48 | €152,445 | €71,444 | -€81,001 | -53.1% |
| Current portion of amounts payable after more than one year | 42 | €4,930 | €5,070 | +€140 | +2.8% |
| Trade debts | 44 | €112,708 | €48,928 | -€63,780 | -56.6% |
| Suppliers | 440/4 | €112,708 | €48,928 | -€63,780 | -56.6% |
| Taxes, remuneration and social security | 45 | €34,807 | €17,446 | -€17,361 | -49.9% |
| Taxes | 450/3 | €20,110 | €235 | -€19,875 | -98.8% |
| Remuneration and social security | 454/9 | €14,697 | €17,211 | +€2,514 | +17.1% |
| Remuneration, social security and pensions | 62 | €177,693 | €207,494 | +€29,801 | +16.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,901 | €12,160 | -€15,741 | -56.4% |
| Other operating charges | 640/8 | €2,888 | €2,690 | -€198 | -6.9% |
| Gross operating margin | 9900 | €285,306 | €234,751 | -€50,555 | -17.7% |
| Operating profit (loss) | 9901 | €76,824 | €12,407 | -€64,417 | -83.9% |
| Financial income | 75/76B | €222 | €1,947 | +€1,725 | +777% |
| Recurring financial income | 75 | €222 | €1,947 | +€1,725 | +777% |
| Financial charges | 65/66B | €48,096 | €821 | -€47,275 | -98.3% |
| Recurring financial charges | 65 | €35,092 | €821 | -€34,271 | -97.7% |
| Non-recurring financial charges | 66B | €13,004 | - | -€13,004 | |
| Profit (loss) for the period before taxes | 9903 | €28,950 | €13,533 | -€15,417 | -53.3% |
| Income taxes | 67/77 | €1,628 | €7,699 | +€6,071 | +373% |
| Profit (loss) for the period | 9904 | €27,322 | €5,834 | -€21,488 | -78.6% |
| Profit (loss) for the period to be appropriated | 9905 | €27,322 | €5,834 | -€21,488 | -78.6% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2023. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.