KWPC: what changed
KWPC
Largest movements
- Receivables within one year +€16,601
up €16,601 (+12.3%), from €135,213 to €151,814
of which Trade receivables: +€43,774
- Cash -€6,771
down €6,771 (-64.6%), from €10,483 to €3,712
mainly Other debts (-€53,752) and Receivables within one year (-€16,601)
- Financial fixed assets +€5,553
up €5,553 (+4.2%), from €132,472 to €138,025
- Intangible fixed assets -€4,467
down €4,467 (-25.0%), from €17,856 to €13,389
- Other debts -€53,752
down €53,752 (-35.6%), from €150,987 to €97,235
- Trade debts +€27,982
up €27,982 (+35.8%), from €78,202 to €106,184
- Tax, wage and social debts +€25,268
up €25,268 (+82.1%), from €30,764 to €56,032
of which Taxes: +€20,350
- Current portion of long-term debt +€22,564
up €22,564 (+140%), from €16,061 to €38,625
- Debts after one year -€16,344
down €16,344 (-31.9%), from €51,183 to €34,839
- Gross operating margin -€17,353
down €17,353 (-18.3%), from €94,738 to €77,385
- Taxes -€7,877
down €7,877 (-98.4%), from €8,009 to €132
- Other operating charges -€6,377
down €6,377 (-59.0%), from €10,814 to €4,437
- Depreciation -€4,215
down €4,215 (-26.6%), from €15,832 to €11,618
- Financial charges -€1,033
down €1,033 (-20.0%), from €5,152 to €4,119
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €351,793 | €367,002 | +€15,210 | +4.3% |
| Fixed assets | 21/28 | €199,841 | €203,829 | +€3,988 | +2.0% |
| Intangible fixed assets | 21 | €17,856 | €13,389 | -€4,467 | -25.0% |
| Tangible fixed assets | 22/27 | €49,513 | €52,415 | +€2,901 | +5.9% |
| Land and buildings | 22 | €34,650 | €34,650 | = | 0.0% |
| Plant, machinery and equipment | 23 | €4,896 | €9,908 | +€5,011 | +102% |
| Furniture and vehicles | 24 | €9,967 | €7,857 | -€2,110 | -21.2% |
| Financial fixed assets | 28 | €132,472 | €138,025 | +€5,553 | +4.2% |
| Current assets | 29/58 | €151,952 | €163,174 | +€11,222 | +7.4% |
| Amounts receivable within one year | 40/41 | €135,213 | €151,814 | +€16,601 | +12.3% |
| Trade receivables | 40 | €59,615 | €103,389 | +€43,774 | +73.4% |
| Other amounts receivable | 41 | €75,598 | €48,425 | -€27,173 | -35.9% |
| Cash at bank and in hand | 54/58 | €10,483 | €3,712 | -€6,771 | -64.6% |
| Deferred charges and accrued income | 490/1 | €6,256 | €7,648 | +€1,392 | +22.2% |
| Total equity and liabilities | 10/49 | €351,793 | €367,002 | +€15,210 | +4.3% |
| Equity | 10/15 | €24,595 | €34,087 | +€9,492 | +38.6% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €23,595 | €33,087 | +€9,492 | +40.2% |
| Amounts payable | 17/49 | €327,197 | €332,915 | +€5,718 | +1.7% |
| Amounts payable after more than one year | 17 | €51,183 | €34,839 | -€16,344 | -31.9% |
| Financial debts | 170/4 | €51,183 | €34,839 | -€16,344 | -31.9% |
| Amounts payable within one year | 42/48 | €276,015 | €298,076 | +€22,062 | +8.0% |
| Current portion of amounts payable after more than one year | 42 | €16,061 | €38,625 | +€22,564 | +140% |
| Trade debts | 44 | €78,202 | €106,184 | +€27,982 | +35.8% |
| Suppliers | 440/4 | €78,202 | €106,184 | +€27,982 | +35.8% |
| Taxes, remuneration and social security | 45 | €30,764 | €56,032 | +€25,268 | +82.1% |
| Taxes | 450/3 | €26,229 | €46,579 | +€20,350 | +77.6% |
| Remuneration and social security | 454/9 | €4,535 | €9,453 | +€4,918 | +108% |
| Other amounts payable | 47/48 | €150,987 | €97,235 | -€53,752 | -35.6% |
| Remuneration, social security and pensions | 62 | €48,416 | €47,588 | -€828 | -1.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,832 | €11,618 | -€4,215 | -26.6% |
| Other operating charges | 640/8 | €10,814 | €4,437 | -€6,377 | -59.0% |
| Gross operating margin | 9900 | €94,738 | €77,385 | -€17,353 | -18.3% |
| Operating profit (loss) | 9901 | €19,676 | €13,742 | -€5,933 | -30.2% |
| Financial income | 75/76B | €554 | €0 | -€554 | -100.0% |
| Recurring financial income | 75 | €554 | €0 | -€554 | -100.0% |
| Financial charges | 65/66B | €5,152 | €4,119 | -€1,033 | -20.0% |
| Recurring financial charges | 65 | €5,152 | €4,119 | -€1,033 | -20.0% |
| Profit (loss) for the period before taxes | 9903 | €15,078 | €9,624 | -€5,455 | -36.2% |
| Income taxes | 67/77 | €8,009 | €132 | -€7,877 | -98.4% |
| Profit (loss) for the period | 9904 | €7,070 | €9,492 | +€2,422 | +34.3% |
| Profit (loss) for the period to be appropriated | 9905 | €7,070 | €9,492 | +€2,422 | +34.3% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 May 2024 and 31 May 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.