KW Building Projects: 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 Building Projects
Largest movements
- Tangible fixed assets -€17,192
down €17,192 (-35.4%), from €48,611 to €31,419
of which Furniture and vehicles: -€15,622
- Stocks and contracts +€15,993
up €15,993 (+7.8%), from €204,790 to €220,783
- Cash +€5,077
up €5,077 (+338%), from €1,500 to €6,577
mainly Other debts (+€46,128) and Depreciation (+€17,977)
- Other debts +€46,128
up €46,128 (+67.1%), from €68,773 to €114,901
- Trade debts -€32,967
down €32,967 (-75.6%), from €43,614 to €10,647
- Debts after one year -€14,211
down €14,211 (-19.3%), from €73,756 to €59,546
- Reserves +€9,273
up €9,273 (+21.3%), from €43,500 to €52,773
of which Distributable reserves: +€9,273
- Accrued charges and deferred income -€3,620
down €3,620 (-97.2%), from €3,723 to €103
- Gross operating margin +€5,667
up €5,667 (+19.9%), from €28,409 to €34,075
- Financial charges -€4,030
down €4,030 (-66.3%), from €6,075 to €2,046
- Taxes +€1,405
up €1,405 (+87.6%), from €1,604 to €3,009
- Depreciation +€632
up €632 (+3.6%), from €17,344 to €17,977
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 | €272,848 | €275,761 | +€2,913 | +1.1% |
| Fixed assets | 21/28 | €48,611 | €31,419 | -€17,192 | -35.4% |
| Tangible fixed assets | 22/27 | €48,611 | €31,419 | -€17,192 | -35.4% |
| Plant, machinery and equipment | 23 | €6,179 | €4,608 | -€1,570 | -25.4% |
| Furniture and vehicles | 24 | €42,432 | €26,811 | -€15,622 | -36.8% |
| Current assets | 29/58 | €224,237 | €244,342 | +€20,105 | +9.0% |
| Stocks and contracts in progress | 3 | €204,790 | €220,783 | +€15,993 | +7.8% |
| Stocks | 30/36 | €204,790 | €220,783 | +€15,993 | +7.8% |
| Amounts receivable within one year | 40/41 | €12,053 | €11,388 | -€665 | -5.5% |
| Trade receivables | 40 | €9,757 | €10,890 | +€1,134 | +11.6% |
| Other amounts receivable | 41 | €2,297 | €498 | -€1,799 | -78.3% |
| Cash at bank and in hand | 54/58 | €1,500 | €6,577 | +€5,077 | +338% |
| Deferred charges and accrued income | 490/1 | €5,894 | €5,594 | -€300 | -5.1% |
| Total equity and liabilities | 10/49 | €272,848 | €275,761 | +€2,913 | +1.1% |
| Equity | 10/15 | €62,100 | €71,373 | +€9,273 | +14.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €43,500 | €52,773 | +€9,273 | +21.3% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €43,500 | €52,773 | +€9,273 | +21.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €210,748 | €204,388 | -€6,361 | -3.0% |
| Amounts payable after more than one year | 17 | €73,756 | €59,546 | -€14,211 | -19.3% |
| Financial debts | 170/4 | €73,756 | €59,546 | -€14,211 | -19.3% |
| Amounts payable within one year | 42/48 | €133,269 | €144,739 | +€11,470 | +8.6% |
| Current portion of amounts payable after more than one year | 42 | €14,287 | €14,751 | +€463 | +3.2% |
| Financial debts | 43 | €880 | €18 | -€862 | -98.0% |
| Credit institutions | 430/8 | €880 | €18 | -€862 | -98.0% |
| Trade debts | 44 | €43,614 | €10,647 | -€32,967 | -75.6% |
| Suppliers | 440/4 | €43,614 | €10,647 | -€32,967 | -75.6% |
| Taxes, remuneration and social security | 45 | €5,716 | €4,423 | -€1,293 | -22.6% |
| Taxes | 450/3 | €5,716 | €4,423 | -€1,293 | -22.6% |
| Other amounts payable | 47/48 | €68,773 | €114,901 | +€46,128 | +67.1% |
| Accrued charges and deferred income | 492/3 | €3,723 | €103 | -€3,620 | -97.2% |
| Non-recurring operating income | 76A | €413 | €0 | -€413 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,344 | €17,977 | +€632 | +3.6% |
| Other operating charges | 640/8 | €1,834 | €1,803 | -€30 | -1.7% |
| Gross operating margin | 9900 | €28,409 | €34,075 | +€5,667 | +19.9% |
| Operating profit (loss) | 9901 | €9,231 | €14,295 | +€5,065 | +54.9% |
| Financial income | 75/76B | €55 | €32 | -€23 | -41.1% |
| Recurring financial income | 75 | €55 | €32 | -€23 | -41.1% |
| Financial charges | 65/66B | €6,075 | €2,046 | -€4,030 | -66.3% |
| Recurring financial charges | 65 | €6,075 | €2,046 | -€4,030 | -66.3% |
| Profit (loss) for the period before taxes | 9903 | €3,210 | €12,282 | +€9,072 | +283% |
| Income taxes | 67/77 | €1,604 | €3,009 | +€1,405 | +87.6% |
| Profit (loss) for the period | 9904 | €1,607 | €9,273 | +€7,667 | +477% |
| Profit (loss) for the period to be appropriated | 9905 | €1,607 | €9,273 | +€7,667 | +477% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.