KPW-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.
What changed
KPW-Services
NACE 43.990, Other specialised construction activities
financial year 2026 compared with 2025filed annual accounts (NBB)
Net result for the year
€14,992
2025 · €25,247-€10,256
Equity
€148,345
2025 · €141,310+€7,035
Cash
€959
2025 · €1,917-€958
Balance sheet total
€167,092
2025 · €168,160-€1,068
Largest movements
Assets
No asset line moved by more than 1% of the balance sheet total.
Equity and liabilities
- Tax, wage and social debts -€8,747
down €8,747 (-37.1%), from €23,550 to €14,803
- Profit (loss) carried forward +€6,882
up €6,882, from -€6,882 to €0
Income statement
- Gross operating margin -€17,401
down €17,401 (-53.5%), from €32,501 to €15,100
- Taxes -€7,492
down €7,492 (-57.9%), from €12,949 to €5,457
From the 2025 result to the 2026 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.
Result 2025
€25,247
Gross operating margin
-€17,401
Other operating charges
-€127
Financial income
+€21
Financial charges
-€240
Taxes
+€7,492
Result 2026
€14,992
raises the resultlowers the result
Derived cash bridge
Derived from the 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€6,999
Investment
€0
Financing
-€7,957
Cash 2025
€1,917
From operations (derived)
+€6,999
Net result for the year
+€14,992
Depreciation
+€485
Receivables within one year
+€539
Deferred charges and accrued income
-€914
Trade debts
+€1,424
Tax, wage and social debts
-€8,747
Accrued charges and deferred income
-€780
Financing
-€7,957
Contributions, distributions and other
-€7,957
Cash 2026
€959
brings cash intakes cash out
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €168,160 | €167,092 | -€1,068 | -0.6% |
| Fixed assets | 21/28 | €771 | €286 | -€485 | -62.9% |
| Tangible fixed assets | 22/27 | €485 | €0 | -€485 | -100% |
| Other tangible fixed assets | 26 | €485 | €0 | -€485 | -100% |
| Financial fixed assets | 28 | €286 | €286 | = | 0.0% |
| Current assets | 29/58 | €167,389 | €166,806 | -€584 | -0.3% |
| Amounts receivable within one year | 40/41 | €165,473 | €164,933 | -€539 | -0.3% |
| Trade receivables | 40 | €36,639 | €33,639 | -€3,000 | -8.2% |
| Other amounts receivable | 41 | €128,834 | €131,295 | +€2,461 | +1.9% |
| Cash at bank and in hand | 54/58 | €1,917 | €959 | -€958 | -50.0% |
| Deferred charges and accrued income | 490/1 | €0 | €914 | +€914 | |
| Total equity and liabilities | 10/49 | €168,160 | €167,092 | -€1,068 | -0.6% |
| Equity | 10/15 | €141,310 | €148,345 | +€7,035 | +5.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €129,593 | €129,745 | +€153 | +0.1% |
| Non-distributable reserves | 130/1 | €195 | €195 | = | 0.0% |
| Reserves not available under the articles | 1311 | €195 | €195 | = | 0.0% |
| Distributable reserves | 133 | €129,398 | €129,550 | +€153 | +0.1% |
| Profit (loss) carried forward | 14 | -€6,882 | €0 | +€6,882 | |
| Amounts payable | 17/49 | €26,850 | €18,747 | -€8,103 | -30.2% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €23,862 | €16,539 | -€7,323 | -30.7% |
| Trade debts | 44 | €313 | €1,737 | +€1,424 | +456% |
| Suppliers | 440/4 | €313 | €1,737 | +€1,424 | +456% |
| Taxes, remuneration and social security | 45 | €23,550 | €14,803 | -€8,747 | -37.1% |
| Taxes | 450/3 | €23,550 | €14,803 | -€8,747 | -37.1% |
| Accrued charges and deferred income | 492/3 | €2,987 | €2,207 | -€780 | -26.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €485 | €485 | = | 0.0% |
| Other operating charges | 640/8 | €528 | €655 | +€127 | +24.0% |
| Gross operating margin | 9900 | €32,501 | €15,100 | -€17,401 | -53.5% |
| Operating profit (loss) | 9901 | €31,489 | €13,960 | -€17,528 | -55.7% |
| Financial income | 75/76B | €7,044 | €7,064 | +€21 | +0.3% |
| Recurring financial income | 75 | €7,044 | €7,064 | +€21 | +0.3% |
| Financial charges | 65/66B | €336 | €576 | +€240 | +71.5% |
| Recurring financial charges | 65 | €336 | €576 | +€240 | +71.5% |
| Profit (loss) for the period before taxes | 9903 | €38,197 | €20,449 | -€17,748 | -46.5% |
| Income taxes | 67/77 | €12,949 | €5,457 | -€7,492 | -57.9% |
| Profit (loss) for the period | 9904 | €25,247 | €14,992 | -€10,256 | -40.6% |
| Profit (loss) for the period to be appropriated | 9905 | €25,247 | €14,992 | -€10,256 | -40.6% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.