KONG WAH: 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.
KONG WAH
Largest movements
- Tangible fixed assets -€326,147
down €326,147 (-4.8%), from €6.7m to €6.4m
of which Land and buildings: -€246,883
- Deferred charges and accrued income +€177,515
up €177,515 (+158%), from €112,342 to €289,857
- Profit (loss) carried forward -€366,288
down €366,288 (-33.9%), from -€1.1m to -€1.4m
- Trade debts +€261,749
up €261,749 (+410%), from €63,846 to €325,595
- Other debts +€231,879
up €231,879 (+3.2%), from €7.2m to €7.4m
- Debts after one year -€159,515
down €159,515 (-34.6%), from €461,466 to €301,951
- Current portion of long-term debt -€86,800
down €86,800 (-32.1%), from €270,029 to €183,229
- Other operating charges +€161,913
up €161,913 (+200%), from €81,102 to €243,014
- Gross operating margin -€31,273
down €31,273 (-9.0%), from €347,382 to €316,109
- Financial charges -€8,833
down €8,833 (-33.8%), from €26,144 to €17,311
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 | €6,895,598 | €6,776,624 | -€118,974 | -1.7% |
| Fixed assets | 21/28 | €6,745,097 | €6,418,950 | -€326,147 | -4.8% |
| Tangible fixed assets | 22/27 | €6,744,575 | €6,418,428 | -€326,147 | -4.8% |
| Land and buildings | 22 | €6,200,392 | €5,953,508 | -€246,883 | -4.0% |
| Plant, machinery and equipment | 23 | €544,183 | €464,919 | -€79,264 | -14.6% |
| Financial fixed assets | 28 | €522 | €522 | = | 0.0% |
| Current assets | 29/58 | €150,501 | €357,674 | +€207,173 | +138% |
| Amounts receivable within one year | 40/41 | €10,935 | €48,935 | +€38,000 | +348% |
| Trade receivables | 40 | €10,935 | €48,935 | +€38,000 | +348% |
| Cash at bank and in hand | 54/58 | €27,225 | €18,882 | -€8,342 | -30.6% |
| Deferred charges and accrued income | 490/1 | €112,342 | €289,857 | +€177,515 | +158% |
| Total equity and liabilities | 10/49 | €6,895,598 | €6,776,624 | -€118,974 | -1.7% |
| Equity | 10/15 | -€1,072,156 | -€1,438,444 | -€366,288 | -34.2% |
| Contributions | 10/11 | €6,888 | €6,888 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,079,044 | -€1,445,332 | -€366,288 | -33.9% |
| Amounts payable | 17/49 | €7,967,754 | €8,215,068 | +€247,314 | +3.1% |
| Amounts payable after more than one year | 17 | €461,466 | €301,951 | -€159,515 | -34.6% |
| Financial debts | 170/4 | €461,466 | €301,951 | -€159,515 | -34.6% |
| Amounts payable within one year | 42/48 | €7,506,288 | €7,913,117 | +€406,829 | +5.4% |
| Current portion of amounts payable after more than one year | 42 | €270,029 | €183,229 | -€86,800 | -32.1% |
| Trade debts | 44 | €63,846 | €325,595 | +€261,749 | +410% |
| Suppliers | 440/4 | €63,846 | €325,595 | +€261,749 | +410% |
| Other amounts payable | 47/48 | €7,172,413 | €7,404,292 | +€231,879 | +3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €418,753 | €422,072 | +€3,320 | +0.8% |
| Other operating charges | 640/8 | €81,102 | €243,014 | +€161,913 | +200% |
| Gross operating margin | 9900 | €347,382 | €316,109 | -€31,273 | -9.0% |
| Operating profit (loss) | 9901 | -€152,472 | -€348,978 | -€196,505 | -129% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €26,144 | €17,311 | -€8,833 | -33.8% |
| Recurring financial charges | 65 | €26,144 | €17,311 | -€8,833 | -33.8% |
| Profit (loss) for the period before taxes | 9903 | -€178,616 | -€366,288 | -€187,672 | -105% |
| Profit (loss) for the period | 9904 | -€178,616 | -€366,288 | -€187,672 | -105% |
| Profit (loss) for the period to be appropriated | 9905 | -€178,616 | -€366,288 | -€187,672 | -105% |
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 24 October 2026 via checked.be.