KWeg1: 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.
KWeg1
Largest movements
- Tangible fixed assets +€225,686
up €225,686 (+13.5%), from €1.7m to €1.9m
of which Land and buildings: +€855,909
- Cash +€142,856
up €142,856 (+373%), from €38,257 to €181,113
mainly Debts after one year (+€257,708) and Other debts (+€88,785)
- Receivables within one year -€27,132
down €27,132 (-93.6%), from €28,991 to €1,860
of which Other amounts receivable: -€25,061
- Debts after one year +€257,708
up €257,708 (+33.3%), from €773,124 to €1.0m
of which Other amounts payable: +€257,708
- Other debts +€88,785
up €88,785 (+53.2%), from €166,943 to €255,728
- Gross operating margin +€34,017
up €34,017, from -€33,784 to €233
- Financial charges -€7,723
down €7,723 (-39.7%), from €19,475 to €11,752
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 | €1,783,058 | €2,124,468 | +€341,411 | +19.1% |
| Fixed assets | 21/28 | €1,668,829 | €1,894,516 | +€225,686 | +13.5% |
| Tangible fixed assets | 22/27 | €1,668,829 | €1,894,516 | +€225,686 | +13.5% |
| Land and buildings | 22 | €1,038,606 | €1,894,516 | +€855,909 | +82.4% |
| Assets under construction and advance payments | 27 | €630,223 | €0 | -€630,223 | -100% |
| Current assets | 29/58 | €114,228 | €229,953 | +€115,725 | +101% |
| Amounts receivable within one year | 40/41 | €28,991 | €1,860 | -€27,132 | -93.6% |
| Trade receivables | 40 | €3,364 | €1,293 | -€2,071 | -61.6% |
| Other amounts receivable | 41 | €25,627 | €567 | -€25,061 | -97.8% |
| Cash at bank and in hand | 54/58 | €38,257 | €181,113 | +€142,856 | +373% |
| Deferred charges and accrued income | 490/1 | €46,980 | €46,980 | = | 0.0% |
| Total equity and liabilities | 10/49 | €1,783,058 | €2,124,468 | +€341,411 | +19.1% |
| Equity | 10/15 | €602,989 | €586,652 | -€16,337 | -2.7% |
| Contributions | 10/11 | €643,068 | €643,068 | = | 0.0% |
| Reserves | 13 | €0 | - | = | |
| Distributable reserves | 133 | €0 | - | = | |
| Profit (loss) carried forward | 14 | -€40,079 | -€56,416 | -€16,337 | -40.8% |
| Amounts payable | 17/49 | €1,180,069 | €1,537,817 | +€357,748 | +30.3% |
| Amounts payable after more than one year | 17 | €773,124 | €1,030,831 | +€257,708 | +33.3% |
| Financial debts | 170/4 | €0 | - | = | |
| Other amounts payable | 178/9 | €773,124 | €1,030,831 | +€257,708 | +33.3% |
| Amounts payable within one year | 42/48 | €221,057 | €307,384 | +€86,327 | +39.1% |
| Trade debts | 44 | €54,114 | €51,656 | -€2,458 | -4.5% |
| Suppliers | 440/4 | €54,114 | €51,656 | -€2,458 | -4.5% |
| Other amounts payable | 47/48 | €166,943 | €255,728 | +€88,785 | +53.2% |
| Accrued charges and deferred income | 492/3 | €185,889 | €199,601 | +€13,713 | +7.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Other operating charges | 640/8 | €4,987 | €4,818 | -€169 | -3.4% |
| Gross operating margin | 9900 | -€33,784 | €233 | +€34,017 | |
| Operating profit (loss) | 9901 | -€38,771 | -€4,585 | +€34,186 | +88.2% |
| Financial charges | 65/66B | €19,475 | €11,752 | -€7,723 | -39.7% |
| Recurring financial charges | 65 | €19,475 | €11,752 | -€7,723 | -39.7% |
| Profit (loss) for the period before taxes | 9903 | -€58,246 | -€16,337 | +€41,909 | +72.0% |
| Profit (loss) for the period | 9904 | -€58,246 | -€16,337 | +€41,909 | +72.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€58,246 | -€16,337 | +€41,909 | +72.0% |
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 15 October 2026 via checked.be.