KW BUILDINGS: 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 BUILDINGS
Largest movements
- Deferred charges and accrued income -€10,044
down €10,044 (-85.3%), from €11,774 to €1,730
- Cash +€7,688
up €7,688 (+16.5%), from €46,610 to €54,298
mainly Deferred charges and accrued income (+€10,044) and Depreciation (+€4,413)
- Tangible fixed assets -€4,413
down €4,413 (-3.0%), from €145,373 to €140,960
- Debts after one year -€9,467
down €9,467 (-21.4%), from €44,178 to €34,711
- Gross operating margin -€1,481
down €1,481 (-12.5%), from €11,892 to €10,411
- Financial charges -€1,127
down €1,127 (-35.7%), from €3,159 to €2,033
- Taxes -€148
down €148 (-20.2%), from €732 to €583
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 | €209,888 | €203,119 | -€6,769 | -3.2% |
| Fixed assets | 21/28 | €145,373 | €140,960 | -€4,413 | -3.0% |
| Tangible fixed assets | 22/27 | €145,373 | €140,960 | -€4,413 | -3.0% |
| Land and buildings | 22 | €145,373 | €140,960 | -€4,413 | -3.0% |
| Current assets | 29/58 | €64,515 | €62,159 | -€2,356 | -3.7% |
| Stocks and contracts in progress | 3 | €2,984 | €2,984 | = | 0.0% |
| Stocks | 30/36 | €2,984 | €2,984 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €3,148 | €3,148 | = | 0.0% |
| Trade receivables | 40 | €3,148 | €3,148 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €46,610 | €54,298 | +€7,688 | +16.5% |
| Deferred charges and accrued income | 490/1 | €11,774 | €1,730 | -€10,044 | -85.3% |
| Total equity and liabilities | 10/49 | €209,888 | €203,119 | -€6,769 | -3.2% |
| Equity | 10/15 | €103,900 | €105,065 | +€1,166 | +1.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €56,415 | €57,581 | +€1,166 | +2.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €54,555 | €55,721 | +€1,166 | +2.1% |
| Profit (loss) carried forward | 14 | €41,284 | €41,284 | = | 0.0% |
| Amounts payable | 17/49 | €105,988 | €98,053 | -€7,935 | -7.5% |
| Amounts payable after more than one year | 17 | €44,178 | €34,711 | -€9,467 | -21.4% |
| Other amounts payable | 178/9 | €44,178 | €34,711 | -€9,467 | -21.4% |
| Amounts payable within one year | 42/48 | €61,811 | €63,342 | +€1,532 | +2.5% |
| Current portion of amounts payable after more than one year | 42 | €9,467 | €9,467 | = | 0.0% |
| Trade debts | 44 | €892 | €2,590 | +€1,698 | +190% |
| Suppliers | 440/4 | €892 | €2,590 | +€1,698 | +190% |
| Taxes, remuneration and social security | 45 | €750 | €583 | -€166 | -22.2% |
| Taxes | 450/3 | €750 | €583 | -€166 | -22.2% |
| Other amounts payable | 47/48 | €50,703 | €50,703 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,413 | €4,413 | = | 0.0% |
| Other operating charges | 640/8 | €2,160 | €2,234 | +€74 | +3.4% |
| Gross operating margin | 9900 | €11,892 | €10,411 | -€1,481 | -12.5% |
| Operating profit (loss) | 9901 | €5,320 | €3,764 | -€1,555 | -29.2% |
| Financial income | 75/76B | - | €18 | +€18 | |
| Recurring financial income | 75 | - | €18 | +€18 | |
| Financial charges | 65/66B | €3,159 | €2,033 | -€1,127 | -35.7% |
| Recurring financial charges | 65 | €3,159 | €2,033 | -€1,127 | -35.7% |
| Profit (loss) for the period before taxes | 9903 | €2,160 | €1,749 | -€411 | -19.0% |
| Income taxes | 67/77 | €732 | €583 | -€148 | -20.2% |
| Profit (loss) for the period | 9904 | €1,429 | €1,166 | -€263 | -18.4% |
| Profit (loss) for the period to be appropriated | 9905 | €1,429 | €1,166 | -€263 | -18.4% |
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 28 October 2026 via checked.be.