WKF Engineering: what changed
Two fiscal 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.
WKF Engineering
Largest movements
- Receivables within one year +€2.3m
up €2.3m (+258.5%), from €872,248 to €3.1m
of which Trade receivables: +€1.7m
- Cash +€1.8m
up €1.8m (+2306.4%), from €78,298 to €1.9m
mainly Trade debts (+€3.0m) and Net result for the year (+€794,961)
- Current investments -€407,666
down €407,666 (-100.0%), from €407,666 to €0
- Tangible fixed assets +€55,839
up €55,839 (+52.2%), from €107,016 to €162,855
of which Other tangible fixed assets: +€34,083
- Trade debts +€3.0m
up €3.0m (+579.5%), from €515,084 to €3.5m
- Reserves +€726,362
up €726,362 (+100.6%), from €722,143 to €1.4m
of which Tax-exempt reserves: +€399,950
- Tax, wage and social debts -€68,430
down €68,430 (-24.9%), from €274,405 to €205,975
of which Taxes: -€88,231
- Short-term financial debts +€55,768
up €55,768 (+777.9%), from €7,169 to €62,937
- Gross operating margin +€1.0m
up €1.0m (+90.2%), from €1.1m to €2.1m
- Staff costs +€397,875
up €397,875 (+65.7%), from €605,937 to €1.0m
- Taxes +€146,248
up €146,248 (+123.4%), from €118,480 to €264,728
- Depreciation +€24,901
up €24,901 (+51.5%), from €48,331 to €73,232
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 | €1,555,186 | €5,295,795 | +€3.7m | +240.5% |
| Fixed assets | 21/28 | €115,482 | €224,857 | +€109,375 | +94.7% |
| Intangible fixed assets | 21 | €8,466 | €44,455 | +€35,989 | +425.1% |
| Tangible fixed assets | 22/27 | €107,016 | €162,855 | +€55,839 | +52.2% |
| Plant, machinery and equipment | 23 | €42,532 | €48,371 | +€5,839 | +13.7% |
| Furniture and vehicles | 24 | €64,484 | €80,400 | +€15,916 | +24.7% |
| Other tangible fixed assets | 26 | - | €34,083 | +€34,083 | |
| Financial fixed assets | 28 | - | €17,547 | +€17,547 | |
| Current assets | 29/58 | €1,439,705 | €5,070,938 | +€3.6m | +252.2% |
| Amounts receivable within one year | 40/41 | €872,248 | €3,127,224 | +€2.3m | +258.5% |
| Trade receivables | 40 | €747,343 | €2,432,836 | +€1.7m | +225.5% |
| Other amounts receivable | 41 | €124,905 | €694,389 | +€569,484 | +455.9% |
| Current investments | 50/53 | €407,666 | €0 | -€407,666 | -100.0% |
| Cash at bank and in hand | 54/58 | €78,298 | €1,884,173 | +€1.8m | +2306.4% |
| Deferred charges and accrued income | 490/1 | €81,493 | €59,541 | -€21,953 | -26.9% |
| Total equity and liabilities | 10/49 | €1,555,186 | €5,295,795 | +€3.7m | +240.5% |
| Equity | 10/15 | €732,143 | €1,458,505 | +€726,362 | +99.2% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €722,143 | €1,448,505 | +€726,362 | +100.6% |
| Tax-exempt reserves | 132 | - | €399,950 | +€399,950 | |
| Distributable reserves | 133 | €722,143 | €1,048,555 | +€326,412 | +45.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €823,044 | €3,837,290 | +€3.0m | +366.2% |
| Amounts payable within one year | 42/48 | €823,044 | €3,837,290 | +€3.0m | +366.2% |
| Financial debts | 43 | €7,169 | €62,937 | +€55,768 | +777.9% |
| Credit institutions | 430/8 | €7,169 | €62,937 | +€55,768 | +777.9% |
| Trade debts | 44 | €515,084 | €3,499,779 | +€3.0m | +579.5% |
| Suppliers | 440/4 | €515,084 | €3,499,779 | +€3.0m | +579.5% |
| Taxes, remuneration and social security | 45 | €274,405 | €205,975 | -€68,430 | -24.9% |
| Taxes | 450/3 | €207,353 | €119,122 | -€88,231 | -42.6% |
| Remuneration and social security | 454/9 | €67,052 | €86,853 | +€19,801 | +29.5% |
| Other amounts payable | 47/48 | €26,386 | €68,599 | +€42,213 | +160.0% |
| Remuneration, social security and pensions | 62 | €605,937 | €1,003,813 | +€397,875 | +65.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,331 | €73,232 | +€24,901 | +51.5% |
| Other operating charges | 640/8 | €936 | €1,195 | +€260 | +27.7% |
| Non-recurring operating charges | 66A | - | €1,515 | +€1,515 | |
| Gross operating margin | 9900 | €1,130,382 | €2,149,910 | +€1.0m | +90.2% |
| Operating profit (loss) | 9901 | €475,178 | €1,070,155 | +€594,977 | +125.2% |
| Financial income | 75/76B | €3,845 | €4,047 | +€203 | +5.3% |
| Recurring financial income | 75 | €3,845 | €4,047 | +€203 | +5.3% |
| Financial charges | 65/66B | €8,894 | €14,513 | +€5,619 | +63.2% |
| Recurring financial charges | 65 | €8,894 | €14,513 | +€5,619 | +63.2% |
| Profit (loss) for the period before taxes | 9903 | €470,129 | €1,059,689 | +€589,560 | +125.4% |
| Income taxes | 67/77 | €118,480 | €264,728 | +€146,248 | +123.4% |
| Profit (loss) for the period | 9904 | €351,649 | €794,961 | +€443,312 | +126.1% |
| Transfer to tax-exempt reserves | 689 | - | €399,950 | +€399,950 | |
| Profit (loss) for the period to be appropriated | 9905 | €351,649 | €395,011 | +€43,362 | +12.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.