KWP Trading: 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.
KWP Trading
Largest movements
- Receivables within one year -€243,991
down €243,991 (-98.9%), from €246,627 to €2,636
of which Other amounts receivable: -€207,858
- Tangible fixed assets -€26,364
down €26,364 (-7.2%), from €366,163 to €339,799
of which Leasing and similar rights: -€25,477
- Cash -€16,434
down €16,434 (-43.6%), from €37,688 to €21,255
mainly Debts after one year (-€385,000) and Investment in fixed assets (net) (-€5,162)
- Debts after one year -€385,000
down €385,000 (-56.2%), from €685,000 to €300,000
- Profit (loss) carried forward +€96,669
up €96,669 (+5.8%), from -€1.7m to -€1.6m
- Gross operating margin +€195,853
up €195,853, from -€21,336 to €174,517
- Financial income -€13,286
down €13,286 (-98.7%), from €13,456 to €170
- Financial charges +€9,629
up €9,629 (+28.5%), from €33,823 to €43,452
of which Financial charges: +€9,629
- Other operating charges -€5,580
down €5,580 (-64.7%), from €8,619 to €3,039
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 | €652,185 | €365,478 | -€286,707 | -44.0% |
| Fixed assets | 21/28 | €366,653 | €340,289 | -€26,364 | -7.2% |
| Tangible fixed assets | 22/27 | €366,163 | €339,799 | -€26,364 | -7.2% |
| Land and buildings | 22 | €315,319 | €314,432 | -€887 | -0.3% |
| Leasing and similar rights | 25 | €50,845 | €25,367 | -€25,477 | -50.1% |
| Financial fixed assets | 28 | €490 | €490 | = | 0.0% |
| Current assets | 29/58 | €285,532 | €25,189 | -€260,343 | -91.2% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €246,627 | €2,636 | -€243,991 | -98.9% |
| Trade receivables | 40 | €36,483 | €349 | -€36,133 | -99.0% |
| Other amounts receivable | 41 | €210,144 | €2,286 | -€207,858 | -98.9% |
| Cash at bank and in hand | 54/58 | €37,688 | €21,255 | -€16,434 | -43.6% |
| Deferred charges and accrued income | 490/1 | €1,217 | €1,298 | +€82 | +6.7% |
| Total equity and liabilities | 10/49 | €652,185 | €365,478 | -€286,707 | -44.0% |
| Equity | 10/15 | -€80,210 | €16,459 | +€96,669 | |
| Contributions | 10/11 | €804,950 | €804,950 | = | 0.0% |
| Capital | 10 | €804,950 | €804,950 | = | 0.0% |
| Issued capital | 100 | €804,950 | €804,950 | = | 0.0% |
| Reserves | 13 | €782,705 | €782,705 | = | 0.0% |
| Non-distributable reserves | 130/1 | €26,744 | €26,744 | = | 0.0% |
| Legal reserve | 130 | €26,744 | €26,744 | = | 0.0% |
| Tax-exempt reserves | 132 | €32,119 | €32,119 | = | 0.0% |
| Distributable reserves | 133 | €723,842 | €723,842 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,667,865 | -€1,571,196 | +€96,669 | +5.8% |
| Amounts payable | 17/49 | €732,395 | €349,019 | -€383,376 | -52.3% |
| Amounts payable after more than one year | 17 | €685,000 | €300,000 | -€385,000 | -56.2% |
| Financial debts | 170/4 | €685,000 | €300,000 | -€385,000 | -56.2% |
| Amounts payable within one year | 42/48 | €45,847 | €49,019 | +€3,172 | +6.9% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €45,847 | €48,801 | +€2,955 | +6.4% |
| Suppliers | 440/4 | €45,847 | €48,801 | +€2,955 | +6.4% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €0 | €218 | +€218 | |
| Accrued charges and deferred income | 492/3 | €1,549 | €0 | -€1,549 | -100.0% |
| Non-recurring operating income | 76A | €51,449 | €60,306 | +€8,857 | +17.2% |
| Remuneration, social security and pensions | 62 | €238 | €0 | -€238 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,455 | €31,527 | +€72 | +0.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €8,619 | €3,039 | -€5,580 | -64.7% |
| Gross operating margin | 9900 | -€21,336 | €174,517 | +€195,853 | |
| Operating profit (loss) | 9901 | -€61,648 | €139,951 | +€201,599 | |
| Financial income | 75/76B | €13,456 | €170 | -€13,286 | -98.7% |
| Recurring financial income | 75 | €13,456 | €170 | -€13,286 | -98.7% |
| Financial charges | 65/66B | €33,823 | €43,452 | +€9,629 | +28.5% |
| Recurring financial charges | 65 | €33,823 | €43,452 | +€9,629 | +28.5% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | -€82,015 | €96,669 | +€178,684 | |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€82,015 | €96,669 | +€178,684 | |
| Profit (loss) for the period to be appropriated | 9905 | -€82,015 | €96,669 | +€178,684 |
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 10 October 2026 via checked.be.