KW-BEHEER: 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.
KW-BEHEER
Largest movements
- Receivables within one year +€7,169
up €7,169 (+143%), from €5,000 to €12,169
of which Trade receivables: +€7,100
- Debts after one year -€38,981
down €38,981 (-27.6%), from €141,168 to €102,187
- Reserves +€32,241
up €32,241 (+38.0%), from €84,942 to €117,183
- Other debts +€7,269
up €7,269 (+174%), from €4,167 to €11,436
- Tax, wage and social debts +€4,353
up €4,353 (+16.3%), from €26,760 to €31,113
- Gross operating margin +€7,075
up €7,075 (+17.1%), from €41,427 to €48,503
- Taxes +€2,657
up €2,657 (+24.7%), from €10,776 to €13,432
- Financial charges -€514
down €514 (-17.0%), from €3,029 to €2,516
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 | €302,000 | €306,340 | +€4,340 | +1.4% |
| Fixed assets | 21/28 | €292,789 | €292,789 | = | 0.0% |
| Financial fixed assets | 28 | €292,789 | €292,789 | = | 0.0% |
| Current assets | 29/58 | €9,211 | €13,551 | +€4,340 | +47.1% |
| Amounts receivable within one year | 40/41 | €5,000 | €12,169 | +€7,169 | +143% |
| Trade receivables | 40 | €5,000 | €12,100 | +€7,100 | +142% |
| Other amounts receivable | 41 | - | €69 | +€69 | |
| Cash at bank and in hand | 54/58 | €4,211 | €1,382 | -€2,830 | -67.2% |
| Total equity and liabilities | 10/49 | €302,000 | €306,340 | +€4,340 | +1.4% |
| Equity | 10/15 | €89,942 | €122,183 | +€32,241 | +35.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €84,942 | €117,183 | +€32,241 | +38.0% |
| Distributable reserves | 133 | €84,942 | €117,183 | +€32,241 | +38.0% |
| Amounts payable | 17/49 | €212,058 | €184,157 | -€27,901 | -13.2% |
| Amounts payable after more than one year | 17 | €141,168 | €102,187 | -€38,981 | -27.6% |
| Financial debts | 170/4 | €141,168 | €102,187 | -€38,981 | -27.6% |
| Amounts payable within one year | 42/48 | €70,525 | €81,725 | +€11,200 | +15.9% |
| Current portion of amounts payable after more than one year | 42 | €38,519 | €38,981 | +€462 | +1.2% |
| Trade debts | 44 | €1,079 | €195 | -€884 | -81.9% |
| Suppliers | 440/4 | €1,079 | €195 | -€884 | -81.9% |
| Taxes, remuneration and social security | 45 | €26,760 | €31,113 | +€4,353 | +16.3% |
| Taxes | 450/3 | €26,760 | €31,113 | +€4,353 | +16.3% |
| Other amounts payable | 47/48 | €4,167 | €11,436 | +€7,269 | +174% |
| Accrued charges and deferred income | 492/3 | €366 | €245 | -€120 | -32.9% |
| Other operating charges | 640/8 | €324 | €314 | -€11 | -3.2% |
| Gross operating margin | 9900 | €41,427 | €48,503 | +€7,075 | +17.1% |
| Operating profit (loss) | 9901 | €41,103 | €48,189 | +€7,086 | +17.2% |
| Financial charges | 65/66B | €3,029 | €2,516 | -€514 | -17.0% |
| Recurring financial charges | 65 | €3,029 | €2,516 | -€514 | -17.0% |
| Profit (loss) for the period before taxes | 9903 | €38,074 | €45,673 | +€7,600 | +20.0% |
| Income taxes | 67/77 | €10,776 | €13,432 | +€2,657 | +24.7% |
| Profit (loss) for the period | 9904 | €27,298 | €32,241 | +€4,943 | +18.1% |
| Profit (loss) for the period to be appropriated | 9905 | €27,298 | €32,241 | +€4,943 | +18.1% |
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 1 November 2026 via checked.be.