KW Energie: 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 Energie
Largest movements
- Tangible fixed assets -€9,741
down €9,741 (-30.0%), from €32,441 to €22,700
- Cash +€1,532
up €1,532 (+5.4%), from €28,412 to €29,944
mainly Depreciation (+€9,741) and Other debts (+€3,534)
- Debts after one year -€7,370
down €7,370 (-41.7%), from €17,660 to €10,290
- Trade debts -€6,038
no longer reported in 2025 (was €6,038)
- Other debts +€3,534
up €3,534 (+67.4%), from €5,246 to €8,780
- Reserves +€3,283
up €3,283 (+14.6%), from €22,501 to €25,784
- Tax, wage and social debts -€1,377
down €1,377 (-43.2%), from €3,187 to €1,810
- Gross operating margin -€6,596
down €6,596 (-28.8%), from €22,881 to €16,285
- Financial charges -€586
down €586 (-40.2%), from €1,457 to €871
- Taxes -€517
down €517 (-18.2%), from €2,848 to €2,331
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 | €64,717 | €57,034 | -€7,683 | -11.9% |
| Fixed assets | 21/28 | €32,441 | €22,700 | -€9,741 | -30.0% |
| Tangible fixed assets | 22/27 | €32,441 | €22,700 | -€9,741 | -30.0% |
| Furniture and vehicles | 24 | €32,441 | €22,700 | -€9,741 | -30.0% |
| Current assets | 29/58 | €32,276 | €34,334 | +€2,058 | +6.4% |
| Amounts receivable within one year | 40/41 | €3,864 | €4,390 | +€526 | +13.6% |
| Trade receivables | 40 | €70 | €4,390 | +€4,320 | +6,171% |
| Other amounts receivable | 41 | €3,794 | - | -€3,794 | |
| Cash at bank and in hand | 54/58 | €28,412 | €29,944 | +€1,532 | +5.4% |
| Total equity and liabilities | 10/49 | €64,717 | €57,034 | -€7,683 | -11.9% |
| Equity | 10/15 | €25,501 | €28,784 | +€3,283 | +12.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €22,501 | €25,784 | +€3,283 | +14.6% |
| Distributable reserves | 133 | €22,501 | €25,784 | +€3,283 | +14.6% |
| Amounts payable | 17/49 | €39,216 | €28,250 | -€10,966 | -28.0% |
| Amounts payable after more than one year | 17 | €17,660 | €10,290 | -€7,370 | -41.7% |
| Financial debts | 170/4 | €17,660 | €10,290 | -€7,370 | -41.7% |
| Amounts payable within one year | 42/48 | €21,556 | €17,960 | -€3,596 | -16.7% |
| Current portion of amounts payable after more than one year | 42 | €7,085 | €7,370 | +€285 | +4.0% |
| Trade debts | 44 | €6,038 | - | -€6,038 | |
| Suppliers | 440/4 | €6,038 | - | -€6,038 | |
| Taxes, remuneration and social security | 45 | €3,187 | €1,810 | -€1,377 | -43.2% |
| Taxes | 450/3 | €3,187 | €1,810 | -€1,377 | -43.2% |
| Other amounts payable | 47/48 | €5,246 | €8,780 | +€3,534 | +67.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,777 | €9,741 | -€36 | -0.4% |
| Other operating charges | 640/8 | €222 | €226 | +€4 | +1.8% |
| Gross operating margin | 9900 | €22,881 | €16,285 | -€6,596 | -28.8% |
| Operating profit (loss) | 9901 | €12,882 | €6,318 | -€6,564 | -51.0% |
| Financial income | 75/76B | €145 | €167 | +€22 | +15.2% |
| Recurring financial income | 75 | €145 | €167 | +€22 | +15.2% |
| Financial charges | 65/66B | €1,457 | €871 | -€586 | -40.2% |
| Recurring financial charges | 65 | €1,457 | €871 | -€586 | -40.2% |
| Profit (loss) for the period before taxes | 9903 | €11,570 | €5,614 | -€5,956 | -51.5% |
| Income taxes | 67/77 | €2,848 | €2,331 | -€517 | -18.2% |
| Profit (loss) for the period | 9904 | €8,722 | €3,283 | -€5,439 | -62.4% |
| Profit (loss) for the period to be appropriated | 9905 | €8,722 | €3,283 | -€5,439 | -62.4% |
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 29 October 2026 via checked.be.