KVM Laswerken: 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.
KVM Laswerken
Largest movements
- Cash +€28,180
up €28,180 (+546%), from €5,163 to €33,344
mainly Depreciation (+€39,465) and Net result for the year (+€23,740)
- Tangible fixed assets -€26,529
down €26,529 (-6.6%), from €401,921 to €375,392
- Receivables within one year -€6,056
down €6,056 (-10.8%), from €56,003 to €49,947
of which Other amounts receivable: -€5,869
- Deferred charges and accrued income +€5,000
new in 2025: €5,000
- Other debts -€30,929
down €30,929 (-45.3%), from €68,211 to €37,281
- Reserves +€23,740
up €23,740 (+49.5%), from €47,953 to €71,693
- Debts after one year -€22,224
down €22,224 (-7.7%), from €287,785 to €265,562
- Trade debts +€16,905
up €16,905 (+82.5%), from €20,482 to €37,387
- Current portion of long-term debt +€12,904
up €12,904 (+60.5%), from €21,319 to €34,224
- Gross operating margin -€57,638
down €57,638 (-39.9%), from €144,277 to €86,639
- Other operating charges -€39,846
down €39,846 (-92.9%), from €42,905 to €3,059
- Depreciation +€9,074
up €9,074 (+29.9%), from €30,391 to €39,465
- Taxes -€6,532
down €6,532 (-49.7%), from €13,136 to €6,604
- Financial charges +€5,129
up €5,129 (+51.8%), from €9,898 to €15,026
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 | €463,886 | €464,282 | +€396 | +0.1% |
| Fixed assets | 21/28 | €402,720 | €375,991 | -€26,729 | -6.6% |
| Intangible fixed assets | 21 | €799 | €599 | -€200 | -25.0% |
| Tangible fixed assets | 22/27 | €401,921 | €375,392 | -€26,529 | -6.6% |
| Land and buildings | 22 | €306,921 | €293,721 | -€13,200 | -4.3% |
| Plant, machinery and equipment | 23 | €59,994 | €50,932 | -€9,062 | -15.1% |
| Furniture and vehicles | 24 | €15,017 | €14,228 | -€788 | -5.3% |
| Other tangible fixed assets | 26 | €19,988 | €16,510 | -€3,478 | -17.4% |
| Current assets | 29/58 | €61,166 | €88,291 | +€27,125 | +44.3% |
| Amounts receivable within one year | 40/41 | €56,003 | €49,947 | -€6,056 | -10.8% |
| Trade receivables | 40 | €39,744 | €39,557 | -€187 | -0.5% |
| Other amounts receivable | 41 | €16,259 | €10,390 | -€5,869 | -36.1% |
| Cash at bank and in hand | 54/58 | €5,163 | €33,344 | +€28,180 | +546% |
| Deferred charges and accrued income | 490/1 | - | €5,000 | +€5,000 | |
| Total equity and liabilities | 10/49 | €463,886 | €464,282 | +€396 | +0.1% |
| Equity | 10/15 | €52,953 | €76,693 | +€23,740 | +44.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €47,953 | €71,693 | +€23,740 | +49.5% |
| Distributable reserves | 133 | €47,953 | €71,693 | +€23,740 | +49.5% |
| Amounts payable | 17/49 | €410,933 | €387,589 | -€23,344 | -5.7% |
| Amounts payable after more than one year | 17 | €287,785 | €265,562 | -€22,224 | -7.7% |
| Financial debts | 170/4 | €287,785 | €265,562 | -€22,224 | -7.7% |
| Amounts payable within one year | 42/48 | €123,148 | €122,027 | -€1,120 | -0.9% |
| Current portion of amounts payable after more than one year | 42 | €21,319 | €34,224 | +€12,904 | +60.5% |
| Trade debts | 44 | €20,482 | €37,387 | +€16,905 | +82.5% |
| Suppliers | 440/4 | €20,482 | €37,387 | +€16,905 | +82.5% |
| Taxes, remuneration and social security | 45 | €13,136 | €13,136 | = | 0.0% |
| Taxes | 450/3 | €13,136 | €13,136 | = | 0.0% |
| Other amounts payable | 47/48 | €68,211 | €37,281 | -€30,929 | -45.3% |
| Non-recurring operating income | 76A | - | €514 | +€514 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,391 | €39,465 | +€9,074 | +29.9% |
| Other operating charges | 640/8 | €42,905 | €3,059 | -€39,846 | -92.9% |
| Gross operating margin | 9900 | €144,277 | €86,639 | -€57,638 | -39.9% |
| Operating profit (loss) | 9901 | €70,981 | €44,114 | -€26,867 | -37.9% |
| Financial income | 75/76B | €6 | €1,256 | +€1,250 | +21,365% |
| Recurring financial income | 75 | €6 | €1,256 | +€1,250 | +21,365% |
| Financial charges | 65/66B | €9,898 | €15,026 | +€5,129 | +51.8% |
| Recurring financial charges | 65 | €9,898 | €15,026 | +€5,129 | +51.8% |
| Profit (loss) for the period before taxes | 9903 | €61,089 | €30,344 | -€30,745 | -50.3% |
| Income taxes | 67/77 | €13,136 | €6,604 | -€6,532 | -49.7% |
| Profit (loss) for the period | 9904 | €47,953 | €23,740 | -€24,213 | -50.5% |
| Profit (loss) for the period to be appropriated | 9905 | €47,953 | €23,740 | -€24,213 | -50.5% |
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 29 October 2026 via checked.be.