DE KWETTERWEI: what changed
DE KWETTERWEI
Largest movements
- Cash +€51,533
up €51,533 (+47.6%), from €108,241 to €159,774
mainly Net result for the year (+€57,044) and Other debts (+€29,260)
- Receivables within one year +€19,468
up €19,468 (+47.9%), from €40,644 to €60,113
of which Other amounts receivable: +€21,344
- Tangible fixed assets -€16,968
down €16,968 (-10.3%), from €164,874 to €147,906
of which Land and buildings: -€11,000
- Other debts +€29,260
new in 2025: €29,260
- Reserves +€26,244
up €26,244 (+14.3%), from €183,647 to €209,890
- Current portion of long-term debt -€9,378
down €9,378 (-49.3%), from €19,036 to €9,658
- Tax, wage and social debts +€5,156
up €5,156 (+60.1%), from €8,573 to €13,729
of which Remuneration and social security: +€4,262
- Gross operating margin +€27,742
up €27,742 (+33.6%), from €82,663 to €110,405
- Other operating charges -€20,161
down €20,161 (-92.0%), from €21,921 to €1,760
- Taxes +€11,407
up €11,407 (+109%), from €10,458 to €21,865
- Staff costs +€2,380
up €2,380 (+45.9%), from €5,185 to €7,565
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 | €318,301 | €370,973 | +€52,672 | +16.5% |
| Fixed assets | 21/28 | €164,874 | €147,906 | -€16,968 | -10.3% |
| Tangible fixed assets | 22/27 | €164,874 | €147,906 | -€16,968 | -10.3% |
| Land and buildings | 22 | €123,652 | €112,652 | -€11,000 | -8.9% |
| Plant, machinery and equipment | 23 | €19,519 | €15,448 | -€4,070 | -20.9% |
| Furniture and vehicles | 24 | €1,185 | €1,245 | +€60 | +5.0% |
| Other tangible fixed assets | 26 | €20,518 | €18,561 | -€1,957 | -9.5% |
| Current assets | 29/58 | €153,427 | €223,067 | +€69,639 | +45.4% |
| Stocks and contracts in progress | 3 | €3,966 | €2,477 | -€1,489 | -37.5% |
| Stocks | 30/36 | €3,966 | €2,477 | -€1,489 | -37.5% |
| Amounts receivable within one year | 40/41 | €40,644 | €60,113 | +€19,468 | +47.9% |
| Trade receivables | 40 | €2,161 | €285 | -€1,875 | -86.8% |
| Other amounts receivable | 41 | €38,484 | €59,828 | +€21,344 | +55.5% |
| Cash at bank and in hand | 54/58 | €108,241 | €159,774 | +€51,533 | +47.6% |
| Deferred charges and accrued income | 490/1 | €576 | €703 | +€127 | +22.0% |
| Total equity and liabilities | 10/49 | €318,301 | €370,973 | +€52,672 | +16.5% |
| Equity | 10/15 | €189,847 | €216,090 | +€26,244 | +13.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €183,647 | €209,890 | +€26,244 | +14.3% |
| Distributable reserves | 133 | €183,647 | €209,890 | +€26,244 | +14.3% |
| Amounts payable | 17/49 | €128,454 | €154,882 | +€26,428 | +20.6% |
| Amounts payable after more than one year | 17 | €96,484 | €96,344 | -€140 | -0.1% |
| Financial debts | 170/4 | €96,484 | €96,344 | -€140 | -0.1% |
| Amounts payable within one year | 42/48 | €31,970 | €58,538 | +€26,568 | +83.1% |
| Current portion of amounts payable after more than one year | 42 | €19,036 | €9,658 | -€9,378 | -49.3% |
| Trade debts | 44 | €4,362 | €5,892 | +€1,530 | +35.1% |
| Suppliers | 440/4 | €4,362 | €5,892 | +€1,530 | +35.1% |
| Taxes, remuneration and social security | 45 | €8,573 | €13,729 | +€5,156 | +60.1% |
| Taxes | 450/3 | €8,573 | €9,467 | +€894 | +10.4% |
| Remuneration and social security | 454/9 | - | €4,262 | +€4,262 | |
| Other amounts payable | 47/48 | - | €29,260 | +€29,260 | |
| Remuneration, social security and pensions | 62 | €5,185 | €7,565 | +€2,380 | +45.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,206 | €18,443 | +€237 | +1.3% |
| Other operating charges | 640/8 | €21,921 | €1,760 | -€20,161 | -92.0% |
| Gross operating margin | 9900 | €82,663 | €110,405 | +€27,742 | +33.6% |
| Operating profit (loss) | 9901 | €37,351 | €82,637 | +€45,286 | +121% |
| Financial income | 75/76B | €304 | €21 | -€283 | -93.0% |
| Recurring financial income | 75 | €304 | €21 | -€283 | -93.0% |
| Financial charges | 65/66B | €4,242 | €3,751 | -€491 | -11.6% |
| Recurring financial charges | 65 | €4,242 | €3,751 | -€491 | -11.6% |
| Profit (loss) for the period before taxes | 9903 | €33,414 | €78,908 | +€45,494 | +136% |
| Income taxes | 67/77 | €10,458 | €21,865 | +€11,407 | +109% |
| Profit (loss) for the period | 9904 | €22,956 | €57,044 | +€34,087 | +148% |
| Profit (loss) for the period to be appropriated | 9905 | €22,956 | €57,044 | +€34,087 | +148% |
Next steps
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 3 November 2026 via checked.be.