W. KANT CONSTRUCTIES: 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.
What changed
W. KANT CONSTRUCTIES
NACE 55.100, Hotels and similar accommodation
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€241,640
2024 · -€246,218+€4,578
Equity
€1.1m
2024 · €1.4m-€241,640
Cash
€354,947
2024 · €485,784-€130,837
Balance sheet total
€1.2m
2024 · €1.4m-€236,879
Largest movements
Assets
- Cash -€130,837
down €130,837 (-26.9%), from €485,784 to €354,947
mainly Net result for the year (-€241,640) and Receivables after one year (-€25,000)
- Tangible fixed assets -€127,260
down €127,260 (-16.4%), from €774,525 to €647,265
of which Other tangible fixed assets: -€107,426
- Receivables after one year +€25,000
up €25,000 (+30.2%), from €82,896 to €107,896
of which Trade receivables: +€20,000
Equity and liabilities
- Profit (loss) carried forward -€241,640
down €241,640 (-19.8%), from -€1.2m to -€1.5m
Income statement
- Gross operating margin -€59,445
down €59,445 (-727%), from -€8,180 to -€67,625
- Write-downs -€40,269
no longer reported in 2025 (was €40,269)
- Staff costs -€27,707
down €27,707 (-52.3%), from €52,980 to €25,274
- Other operating charges -€3,285
down €3,285 (-17.3%), from €18,971 to €15,685
- Taxes +€1,103
up €1,103, from -€840 to €264
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.
Result 2024
-€246,218
Gross operating margin
-€59,445
Staff costs
+€27,707
Depreciation
+€446
Write-downs
+€40,269
Other operating charges
+€3,285
Other operating items
-€7,921
Financial income
+€403
Financial charges
+€936
Taxes
-€1,103
Result 2025
-€241,640
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
-€131,085
Investment
+€248
Financing
€0
Cash 2024
€485,784
From operations (derived)
-€131,085
Net result for the year
-€241,640
Depreciation
+€127,260
Receivables after one year
-€25,000
Receivables within one year
+€6,137
Deferred charges and accrued income
-€2,605
Trade debts
+€8,619
Tax, wage and social debts
-€3,073
Other debts
+€409
Accrued charges and deferred income
-€1,195
Investment (derived)
+€248
Current investments
+€248
Cash 2025
€354,947
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,425,514 | €1,188,635 | -€236,879 | -16.6% |
| Fixed assets | 21/28 | €777,210 | €649,950 | -€127,260 | -16.4% |
| Tangible fixed assets | 22/27 | €774,525 | €647,265 | -€127,260 | -16.4% |
| Land and buildings | 22 | €179,678 | €179,678 | = | 0.0% |
| Plant, machinery and equipment | 23 | €7,018 | €2,690 | -€4,328 | -61.7% |
| Furniture and vehicles | 24 | €51,193 | €35,686 | -€15,507 | -30.3% |
| Other tangible fixed assets | 26 | €536,636 | €429,211 | -€107,426 | -20.0% |
| Financial fixed assets | 28 | €2,685 | €2,685 | = | 0.0% |
| Current assets | 29/58 | €648,304 | €538,685 | -€109,618 | -16.9% |
| Amounts receivable after more than one year | 29 | €82,896 | €107,896 | +€25,000 | +30.2% |
| Trade receivables | 290 | €11,896 | €31,896 | +€20,000 | +168% |
| Other amounts receivable | 291 | €71,000 | €76,000 | +€5,000 | +7.0% |
| Amounts receivable within one year | 40/41 | €78,029 | €71,891 | -€6,137 | -7.9% |
| Trade receivables | 40 | €66,308 | €57,565 | -€8,742 | -13.2% |
| Other amounts receivable | 41 | €11,721 | €14,326 | +€2,605 | +22.2% |
| Current investments | 50/53 | €248 | - | -€248 | |
| Cash at bank and in hand | 54/58 | €485,784 | €354,947 | -€130,837 | -26.9% |
| Deferred charges and accrued income | 490/1 | €1,347 | €3,951 | +€2,605 | +193% |
| Total equity and liabilities | 10/49 | €1,425,514 | €1,188,635 | -€236,879 | -16.6% |
| Equity | 10/15 | €1,389,848 | €1,148,208 | -€241,640 | -17.4% |
| Contributions | 10/11 | €165,000 | €165,000 | = | 0.0% |
| Capital | 10 | €165,000 | €165,000 | = | 0.0% |
| Issued capital | 100 | €165,000 | €165,000 | = | 0.0% |
| Reserves | 13 | €2,444,285 | €2,444,285 | = | 0.0% |
| Non-distributable reserves | 130/1 | €143,000 | €143,000 | = | 0.0% |
| Legal reserve | 130 | €16,500 | €16,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €126,500 | €126,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €22,387 | €22,387 | = | 0.0% |
| Distributable reserves | 133 | €2,278,898 | €2,278,898 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,219,437 | -€1,461,077 | -€241,640 | -19.8% |
| Amounts payable | 17/49 | €35,666 | €40,427 | +€4,761 | +13.4% |
| Amounts payable within one year | 42/48 | €34,471 | €40,427 | +€5,956 | +17.3% |
| Trade debts | 44 | €25,153 | €33,772 | +€8,619 | +34.3% |
| Suppliers | 440/4 | €25,153 | €33,772 | +€8,619 | +34.3% |
| Taxes, remuneration and social security | 45 | €9,059 | €5,987 | -€3,073 | -33.9% |
| Taxes | 450/3 | €3,243 | €3,648 | +€405 | +12.5% |
| Remuneration and social security | 454/9 | €5,816 | €2,338 | -€3,478 | -59.8% |
| Other amounts payable | 47/48 | €259 | €668 | +€409 | +158% |
| Accrued charges and deferred income | 492/3 | €1,195 | - | -€1,195 | |
| Non-recurring operating income | 76A | - | €5,757 | +€5,757 | |
| Remuneration, social security and pensions | 62 | €52,980 | €25,274 | -€27,707 | -52.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €127,706 | €127,260 | -€446 | -0.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €40,269 | - | -€40,269 | |
| Other operating charges | 640/8 | €18,971 | €15,685 | -€3,285 | -17.3% |
| Non-recurring operating charges | 66A | - | €7,921 | +€7,921 | |
| Gross operating margin | 9900 | -€8,180 | -€67,625 | -€59,445 | -727% |
| Operating profit (loss) | 9901 | -€248,106 | -€243,765 | +€4,341 | +1.7% |
| Financial income | 75/76B | €2,134 | €2,538 | +€403 | +18.9% |
| Recurring financial income | 75 | €2,134 | €2,538 | +€403 | +18.9% |
| Financial charges | 65/66B | €1,086 | €149 | -€936 | -86.3% |
| Recurring financial charges | 65 | €1,086 | €149 | -€936 | -86.3% |
| Profit (loss) for the period before taxes | 9903 | -€247,058 | -€241,377 | +€5,681 | +2.3% |
| Income taxes | 67/77 | -€840 | €264 | +€1,103 | |
| Profit (loss) for the period | 9904 | -€246,218 | -€241,640 | +€4,578 | +1.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€246,218 | -€241,640 | +€4,578 | +1.9% |
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 17 October 2026 via checked.be.