De Kauwackers: 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.
De Kauwackers
Largest movements
- Tangible fixed assets -€10,668
down €10,668 (-3.1%), from €341,446 to €330,778
of which Furniture and vehicles: -€41,961
- Receivables within one year -€6,060
down €6,060 (-50.1%), from €12,099 to €6,039
of which Trade receivables: -€4,805
- Reserves +€79,646
up €79,646 (+53.6%), from €148,712 to €228,358
- Other debts -€75,085
down €75,085 (-52.6%), from €142,776 to €67,691
- Trade debts -€20,309
down €20,309 (-30.2%), from €67,268 to €46,960
- Accrued charges and deferred income +€5,779
up €5,779, from €0 to €5,779
- Gross operating margin +€16,901
up €16,901 (+5.3%), from €317,254 to €334,154
- Depreciation +€8,761
up €8,761 (+11.5%), from €76,094 to €84,854
- Financial charges -€4,218
down €4,218 (-29.3%), from €14,408 to €10,190
- Other operating charges -€3,875
down €3,875 (-89.1%), from €4,351 to €476
- Taxes +€3,425
up €3,425 (+15.1%), from €22,668 to €26,093
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 | €411,781 | €403,760 | -€8,020 | -1.9% |
| Fixed assets | 21/28 | €341,446 | €330,778 | -€10,668 | -3.1% |
| Tangible fixed assets | 22/27 | €341,446 | €330,778 | -€10,668 | -3.1% |
| Land and buildings | 22 | - | €6,892 | +€6,892 | |
| Plant, machinery and equipment | 23 | €136,124 | €162,430 | +€26,306 | +19.3% |
| Furniture and vehicles | 24 | €181,250 | €139,289 | -€41,961 | -23.2% |
| Other tangible fixed assets | 26 | €24,072 | €22,167 | -€1,905 | -7.9% |
| Current assets | 29/58 | €70,335 | €72,982 | +€2,647 | +3.8% |
| Stocks and contracts in progress | 3 | €5,600 | €8,143 | +€2,543 | +45.4% |
| Stocks | 30/36 | €5,600 | €8,143 | +€2,543 | +45.4% |
| Amounts receivable within one year | 40/41 | €12,099 | €6,039 | -€6,060 | -50.1% |
| Trade receivables | 40 | €8,450 | €3,644 | -€4,805 | -56.9% |
| Other amounts receivable | 41 | €3,649 | €2,394 | -€1,255 | -34.4% |
| Cash at bank and in hand | 54/58 | €49,104 | €52,537 | +€3,433 | +7.0% |
| Deferred charges and accrued income | 490/1 | €3,532 | €6,264 | +€2,732 | +77.3% |
| Total equity and liabilities | 10/49 | €411,781 | €403,760 | -€8,020 | -1.9% |
| Equity | 10/15 | €163,712 | €243,358 | +€79,646 | +48.6% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €148,712 | €228,358 | +€79,646 | +53.6% |
| Distributable reserves | 133 | €148,712 | €228,358 | +€79,646 | +53.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €248,068 | €160,402 | -€87,666 | -35.3% |
| Amounts payable within one year | 42/48 | €248,068 | €154,623 | -€93,446 | -37.7% |
| Trade debts | 44 | €67,268 | €46,960 | -€20,309 | -30.2% |
| Suppliers | 440/4 | €67,268 | €46,960 | -€20,309 | -30.2% |
| Taxes, remuneration and social security | 45 | €38,024 | €39,972 | +€1,948 | +5.1% |
| Taxes | 450/3 | €22,371 | €18,884 | -€3,487 | -15.6% |
| Remuneration and social security | 454/9 | €15,653 | €21,088 | +€5,435 | +34.7% |
| Other amounts payable | 47/48 | €142,776 | €67,691 | -€75,085 | -52.6% |
| Accrued charges and deferred income | 492/3 | €0 | €5,779 | +€5,779 | |
| Remuneration, social security and pensions | 62 | €133,516 | €133,198 | -€318 | -0.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €76,094 | €84,854 | +€8,761 | +11.5% |
| Other operating charges | 640/8 | €4,351 | €476 | -€3,875 | -89.1% |
| Gross operating margin | 9900 | €317,254 | €334,154 | +€16,901 | +5.3% |
| Operating profit (loss) | 9901 | €103,293 | €115,626 | +€12,333 | +11.9% |
| Financial income | 75/76B | €441 | €303 | -€137 | -31.2% |
| Recurring financial income | 75 | €441 | €303 | -€137 | -31.2% |
| Financial charges | 65/66B | €14,408 | €10,190 | -€4,218 | -29.3% |
| Recurring financial charges | 65 | €14,408 | €10,190 | -€4,218 | -29.3% |
| Profit (loss) for the period before taxes | 9903 | €89,325 | €105,739 | +€16,414 | +18.4% |
| Income taxes | 67/77 | €22,668 | €26,093 | +€3,425 | +15.1% |
| Profit (loss) for the period | 9904 | €66,657 | €79,646 | +€12,989 | +19.5% |
| Profit (loss) for the period to be appropriated | 9905 | €66,657 | €79,646 | +€12,989 | +19.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.