KWT MILIEU: what changed
What changed
KWT MILIEU
NACE 46.649, Wholesale of other machinery and equipment
filed annual accounts (NBB)
Net result for the year
€95,140
2024 · €115,618-€20,478
Equity
€1.3m
2024 · €1.2m+€95,140
Cash
€377,838
2024 · €357,620+€20,218
Balance sheet total
€1.6m
2024 · €1.6m+€1,412
Largest movements
Assets
- Cash +€20,218
up €20,218 (+5.7%), from €357,620 to €377,838
mainly Net result for the year (+€95,140) and Depreciation (+€25,809)
- Stocks and contracts +€19,090
up €19,090 (+4.5%), from €422,629 to €441,720
- Receivables within one year -€18,980
down €18,980 (-3.9%), from €485,487 to €466,508
of which Trade receivables: -€97,886
Equity and liabilities
- Profit (loss) carried forward +€95,140
up €95,140 (+7.8%), from €1.2m to €1.3m
- Trade debts -€83,732
down €83,732 (-35.2%), from €237,649 to €153,917
Income statement
- Gross operating margin -€58,553
down €58,553 (-8.8%), from €667,319 to €608,766
- Staff costs -€30,589
down €30,589 (-6.5%), from €473,976 to €443,387
- Taxes -€15,165
down €15,165 (-29.3%), from €51,823 to €36,658
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.
Result 2024
€115,618
Gross operating margin
-€58,553
Staff costs
+€30,589
Depreciation
-€318
Other operating charges
-€515
Financial income
-€5,209
Financial charges
-€1,636
Taxes
+€15,165
Result 2025
€95,140
raises the resultlowers the result
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.
From operations
+€31,358
Investment
-€11,140
Financing
€0
Cash 2024
€357,620
From operations (derived)
+€31,358
Net result for the year
+€95,140
Depreciation
+€25,809
Stocks and contracts
-€19,090
Receivables within one year
+€18,980
Deferred charges and accrued income
+€4,248
Trade debts
-€83,732
Tax, wage and social debts
+€3,217
Accrued charges and deferred income
-€13,213
Investment (derived)
-€11,140
Investment in fixed assets (net)
-€11,140
Cash 2025
€377,838
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,573,713 | €1,575,125 | +€1,412 | +0.1% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €301,570 | €286,901 | -€14,668 | -4.9% |
| Tangible fixed assets | 22/27 | €301,570 | €286,901 | -€14,668 | -4.9% |
| Land and buildings | 22 | €301,530 | €286,901 | -€14,628 | -4.9% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €40 | €0 | -€40 | -100% |
| Current assets | 29/58 | €1,272,143 | €1,288,224 | +€16,080 | +1.3% |
| Stocks and contracts in progress | 3 | €422,629 | €441,720 | +€19,090 | +4.5% |
| Stocks | 30/36 | €422,629 | €441,720 | +€19,090 | +4.5% |
| Amounts receivable within one year | 40/41 | €485,487 | €466,508 | -€18,980 | -3.9% |
| Trade receivables | 40 | €444,527 | €346,641 | -€97,886 | -22.0% |
| Other amounts receivable | 41 | €40,960 | €119,867 | +€78,907 | +193% |
| Cash at bank and in hand | 54/58 | €357,620 | €377,838 | +€20,218 | +5.7% |
| Deferred charges and accrued income | 490/1 | €6,406 | €2,158 | -€4,248 | -66.3% |
| Total equity and liabilities | 10/49 | €1,573,713 | €1,575,125 | +€1,412 | +0.1% |
| Equity | 10/15 | €1,233,858 | €1,328,998 | +€95,140 | +7.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,213,398 | €1,308,538 | +€95,140 | +7.8% |
| Amounts payable | 17/49 | €339,855 | €246,127 | -€93,728 | -27.6% |
| Amounts payable within one year | 42/48 | €326,642 | €246,127 | -€80,515 | -24.6% |
| Trade debts | 44 | €237,649 | €153,917 | -€83,732 | -35.2% |
| Suppliers | 440/4 | €237,649 | €153,917 | -€83,732 | -35.2% |
| Taxes, remuneration and social security | 45 | €88,993 | €92,210 | +€3,217 | +3.6% |
| Taxes | 450/3 | €41,049 | €39,467 | -€1,583 | -3.9% |
| Remuneration and social security | 454/9 | €47,944 | €52,743 | +€4,799 | +10.0% |
| Accrued charges and deferred income | 492/3 | €13,213 | - | -€13,213 | |
| Remuneration, social security and pensions | 62 | €473,976 | €443,387 | -€30,589 | -6.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,491 | €25,809 | +€318 | +1.2% |
| Other operating charges | 640/8 | €4,815 | €5,331 | +€515 | +10.7% |
| Gross operating margin | 9900 | €667,319 | €608,766 | -€58,553 | -8.8% |
| Operating profit (loss) | 9901 | €163,037 | €134,240 | -€28,797 | -17.7% |
| Financial income | 75/76B | €7,066 | €1,857 | -€5,209 | -73.7% |
| Recurring financial income | 75 | €7,066 | €1,857 | -€5,209 | -73.7% |
| Financial charges | 65/66B | €2,663 | €4,298 | +€1,636 | +61.4% |
| Recurring financial charges | 65 | €2,663 | €4,298 | +€1,636 | +61.4% |
| Profit (loss) for the period before taxes | 9903 | €167,441 | €131,798 | -€35,642 | -21.3% |
| Income taxes | 67/77 | €51,823 | €36,658 | -€15,165 | -29.3% |
| Profit (loss) for the period | 9904 | €115,618 | €95,140 | -€20,478 | -17.7% |
| Profit (loss) for the period to be appropriated | 9905 | €115,618 | €95,140 | -€20,478 | -17.7% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.