KW Engineering: what changed
Two fiscal 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 Engineering
Largest movements
- Cash +€44,254
up €44,254 (+39.4%), from €112,255 to €156,510
mainly Net result for the year (+€73,382) and Other debts (+€38,824)
- Tangible fixed assets -€7,866
down €7,866 (-19.2%), from €40,875 to €33,008
of which Furniture and vehicles: -€10,282
- Deferred charges and accrued income +€2,648
up €2,648 (+370.4%), from €715 to €3,363
- Other debts +€38,824
up €38,824 (+194.1%), from €20,000 to €58,824
- Tax, wage and social debts -€16,304
down €16,304 (-58.6%), from €27,829 to €11,524
- Reserves +€14,559
up €14,559 (+12.3%), from €118,244 to €132,803
- Gross operating margin -€10,571
down €10,571 (-8.9%), from €118,350 to €107,779
- Taxes -€7,089
down €7,089 (-24.8%), from €28,533 to €21,444
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.
Cash bridge derived
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 | €171,248 | €208,362 | +€37,115 | +21.7% |
| Fixed assets | 21/28 | €40,880 | €33,013 | -€7,866 | -19.2% |
| Tangible fixed assets | 22/27 | €40,875 | €33,008 | -€7,866 | -19.2% |
| Plant, machinery and equipment | 23 | - | €2,416 | +€2,416 | |
| Furniture and vehicles | 24 | €40,875 | €30,593 | -€10,282 | -25.2% |
| Financial fixed assets | 28 | €5 | €5 | = | 0.0% |
| Current assets | 29/58 | €130,368 | €175,349 | +€44,981 | +34.5% |
| Amounts receivable within one year | 40/41 | €17,398 | €15,477 | -€1,921 | -11.0% |
| Trade receivables | 40 | €17,398 | €15,465 | -€1,933 | -11.1% |
| Other amounts receivable | 41 | - | €12 | +€12 | |
| Cash at bank and in hand | 54/58 | €112,255 | €156,510 | +€44,254 | +39.4% |
| Deferred charges and accrued income | 490/1 | €715 | €3,363 | +€2,648 | +370.4% |
| Total equity and liabilities | 10/49 | €171,248 | €208,362 | +€37,115 | +21.7% |
| Equity | 10/15 | €123,244 | €137,803 | +€14,559 | +11.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €118,244 | €132,803 | +€14,559 | +12.3% |
| Distributable reserves | 133 | €118,244 | €132,803 | +€14,559 | +12.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €48,004 | €70,560 | +€22,556 | +47.0% |
| Amounts payable within one year | 42/48 | €48,004 | €70,560 | +€22,556 | +47.0% |
| Trade debts | 44 | €175 | €211 | +€36 | +20.7% |
| Suppliers | 440/4 | €175 | €211 | +€36 | +20.7% |
| Taxes, remuneration and social security | 45 | €27,829 | €11,524 | -€16,304 | -58.6% |
| Taxes | 450/3 | €27,829 | €11,524 | -€16,304 | -58.6% |
| Other amounts payable | 47/48 | €20,000 | €58,824 | +€38,824 | +194.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,516 | €12,106 | -€410 | -3.3% |
| Other operating charges | 640/8 | €592 | €710 | +€118 | +19.9% |
| Gross operating margin | 9900 | €118,350 | €107,779 | -€10,571 | -8.9% |
| Operating profit (loss) | 9901 | €105,243 | €94,964 | -€10,279 | -9.8% |
| Financial income | 75/76B | €12 | €13 | +€1 | +7.2% |
| Recurring financial income | 75 | €12 | €13 | +€1 | +7.2% |
| Financial charges | 65/66B | €135 | €150 | +€15 | +11.1% |
| Recurring financial charges | 65 | €135 | €150 | +€15 | +11.1% |
| Profit (loss) for the period before taxes | 9903 | €105,119 | €94,826 | -€10,293 | -9.8% |
| Income taxes | 67/77 | €28,533 | €21,444 | -€7,089 | -24.8% |
| Profit (loss) for the period | 9904 | €76,586 | €73,382 | -€3,204 | -4.2% |
| Profit (loss) for the period to be appropriated | 9905 | €76,586 | €73,382 | -€3,204 | -4.2% |
Source: filed annual accounts (NBB), fiscal 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 October 2026 via checked.be.