KW PATHOLOGY: 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 PATHOLOGY
Largest movements
- Receivables after one year -€25,410
no longer reported in 2025 (was €25,410)
- Cash -€13,909
down €13,909 (-17.5%), from €79,349 to €65,440
mainly Tax, wage and social debts (-€13,180) and Deferred charges and accrued income (-€12,184)
- Deferred charges and accrued income +€12,184
up €12,184 (+2,948%), from €413 to €12,597
- Receivables within one year +€10,500
new in 2025: €10,500
- Tangible fixed assets +€7,764
new in 2025: €7,764
of which Furniture and vehicles: +€5,428
- Tax, wage and social debts -€13,180
down €13,180 (-53.4%), from €24,700 to €11,520
of which Taxes: -€11,897
- Reserves +€8,600
up €8,600 (+11.9%), from €72,000 to €80,600
- Trade debts +€3,030
new in 2025: €3,030
- Gross operating margin -€40,500
down €40,500 (-69.7%), from €58,103 to €17,602
- Taxes -€6,996
down €6,996 (-46.3%), from €15,107 to €8,111
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 | €106,988 | €105,596 | -€1,392 | -1.3% |
| Fixed assets | 21/28 | €60 | €7,824 | +€7,764 | +12,940% |
| Tangible fixed assets | 22/27 | - | €7,764 | +€7,764 | |
| Plant, machinery and equipment | 23 | - | €2,336 | +€2,336 | |
| Furniture and vehicles | 24 | - | €5,428 | +€5,428 | |
| Financial fixed assets | 28 | €60 | €60 | = | 0.0% |
| Current assets | 29/58 | €106,928 | €97,772 | -€9,157 | -8.6% |
| Amounts receivable after more than one year | 29 | €25,410 | - | -€25,410 | |
| Trade receivables | 290 | €25,410 | - | -€25,410 | |
| Amounts receivable within one year | 40/41 | - | €10,500 | +€10,500 | |
| Trade receivables | 40 | - | €10,500 | +€10,500 | |
| Current investments | 50/53 | €1,756 | €9,235 | +€7,479 | +426% |
| Cash at bank and in hand | 54/58 | €79,349 | €65,440 | -€13,909 | -17.5% |
| Deferred charges and accrued income | 490/1 | €413 | €12,597 | +€12,184 | +2,948% |
| Total equity and liabilities | 10/49 | €106,988 | €105,596 | -€1,392 | -1.3% |
| Equity | 10/15 | €79,572 | €88,238 | +€8,667 | +10.9% |
| Contributions | 10/11 | €3,250 | €3,250 | = | 0.0% |
| Reserves | 13 | €72,000 | €80,600 | +€8,600 | +11.9% |
| Distributable reserves | 133 | €72,000 | €80,600 | +€8,600 | +11.9% |
| Profit (loss) carried forward | 14 | €4,322 | €4,388 | +€67 | +1.5% |
| Amounts payable | 17/49 | €27,417 | €17,358 | -€10,059 | -36.7% |
| Amounts payable within one year | 42/48 | €25,157 | €14,557 | -€10,600 | -42.1% |
| Trade debts | 44 | - | €3,030 | +€3,030 | |
| Suppliers | 440/4 | - | €3,030 | +€3,030 | |
| Taxes, remuneration and social security | 45 | €24,700 | €11,520 | -€13,180 | -53.4% |
| Taxes | 450/3 | €21,691 | €9,795 | -€11,897 | -54.8% |
| Remuneration and social security | 454/9 | €3,009 | €1,725 | -€1,283 | -42.7% |
| Other amounts payable | 47/48 | €457 | €7 | -€451 | -98.5% |
| Accrued charges and deferred income | 492/3 | €2,259 | €2,801 | +€542 | +24.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €533 | +€533 | |
| Other operating charges | 640/8 | €90 | €146 | +€56 | +62.3% |
| Gross operating margin | 9900 | €58,103 | €17,602 | -€40,500 | -69.7% |
| Operating profit (loss) | 9901 | €58,013 | €16,924 | -€41,089 | -70.8% |
| Financial income | 75/76B | €0 | €20 | +€20 | +98,950% |
| Recurring financial income | 75 | €0 | €20 | +€20 | +98,950% |
| Financial charges | 65/66B | €125 | €166 | +€41 | +32.8% |
| Recurring financial charges | 65 | €125 | €166 | +€41 | +32.8% |
| Profit (loss) for the period before taxes | 9903 | €57,888 | €16,777 | -€41,110 | -71.0% |
| Income taxes | 67/77 | €15,107 | €8,111 | -€6,996 | -46.3% |
| Profit (loss) for the period | 9904 | €42,781 | €8,667 | -€34,114 | -79.7% |
| Profit (loss) for the period to be appropriated | 9905 | €42,781 | €8,667 | -€34,114 | -79.7% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.