DE KWIKAARD: 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
DE KWIKAARD
NACE 70.200, Business and other management consultancy
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€248,304
2024 · -€193,857-€54,446
Equity
-€458,869
2024 · -€210,565-€248,304
Cash
€19,792
2024 · €36,534-€16,742
Balance sheet total
€2.9m
2024 · €2.9m+€25,714
Largest movements
Assets
- Tangible fixed assets +€47,424
up €47,424 (+1.9%), from €2.4m to €2.5m
of which Other tangible fixed assets: +€139,308
Equity and liabilities
- Other debts +€271,952
up €271,952 (+16.9%), from €1.6m to €1.9m
- Profit (loss) carried forward -€248,304
down €248,304 (-9.5%), from -€2.6m to -€2.9m
Income statement
- Depreciation +€30,965
up €30,965 (+22.8%), from €136,057 to €167,022
- Gross operating margin -€27,503
down €27,503 (-64.7%), from -€42,532 to -€70,035
- Financial income -€3,715
down €3,715 (-93.0%), from €3,995 to €280
- Staff costs +€1,512
new in 2025: €1,512
- Other operating charges +€798
up €798 (+8.8%), from €9,044 to €9,842
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
-€193,857
Gross operating margin
-€27,503
Staff costs
-€1,512
Depreciation
-€30,965
Other operating charges
-€798
Other operating items
+€9,850
Financial income
-€3,715
Financial charges
+€196
Result 2025
-€248,304
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
+€197,704
Investment
-€214,446
Financing
€0
Cash 2024
€36,534
From operations (derived)
+€197,704
Net result for the year
-€248,304
Depreciation
+€167,022
Stocks and contracts
+€10,435
Receivables within one year
-€5,467
Trade debts
+€2,232
Tax, wage and social debts
-€2,322
Advances received
+€2,157
Other debts
+€271,952
Investment (derived)
-€214,446
Investment in fixed assets (net)
-€214,446
Cash 2025
€19,792
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,851,525 | €2,877,239 | +€25,714 | +0.9% |
| Fixed assets | 21/28 | €2,439,844 | €2,487,268 | +€47,424 | +1.9% |
| Tangible fixed assets | 22/27 | €2,439,844 | €2,487,268 | +€47,424 | +1.9% |
| Land and buildings | 22 | €1,836,097 | €1,721,386 | -€114,711 | -6.2% |
| Plant, machinery and equipment | 23 | €48,325 | €74,642 | +€26,317 | +54.5% |
| Furniture and vehicles | 24 | €8,090 | €4,601 | -€3,490 | -43.1% |
| Other tangible fixed assets | 26 | €547,331 | €686,639 | +€139,308 | +25.5% |
| Current assets | 29/58 | €411,681 | €389,971 | -€21,710 | -5.3% |
| Stocks and contracts in progress | 3 | €37,936 | €27,501 | -€10,435 | -27.5% |
| Stocks | 30/36 | €37,936 | €27,501 | -€10,435 | -27.5% |
| Amounts receivable within one year | 40/41 | €337,211 | €342,678 | +€5,467 | +1.6% |
| Trade receivables | 40 | €16,557 | €19,124 | +€2,567 | +15.5% |
| Other amounts receivable | 41 | €320,654 | €323,554 | +€2,900 | +0.9% |
| Cash at bank and in hand | 54/58 | €36,534 | €19,792 | -€16,742 | -45.8% |
| Total equity and liabilities | 10/49 | €2,851,525 | €2,877,239 | +€25,714 | +0.9% |
| Equity | 10/15 | -€210,565 | -€458,869 | -€248,304 | -118% |
| Contributions | 10/11 | €2,379,990 | €2,379,990 | = | 0.0% |
| Reserves | 13 | €12,017 | €12,017 | = | 0.0% |
| Distributable reserves | 133 | €12,017 | €12,017 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,602,572 | -€2,850,876 | -€248,304 | -9.5% |
| Amounts payable | 17/49 | €3,062,090 | €3,336,108 | +€274,018 | +8.9% |
| Amounts payable after more than one year | 17 | €1,426,106 | €1,426,106 | = | 0.0% |
| Other amounts payable | 178/9 | €1,426,106 | €1,426,106 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,635,984 | €1,910,002 | +€274,018 | +16.7% |
| Trade debts | 44 | €19,345 | €21,576 | +€2,232 | +11.5% |
| Suppliers | 440/4 | €19,345 | €21,576 | +€2,232 | +11.5% |
| Advances received on contracts in progress | 46 | €1,177 | €3,334 | +€2,157 | +183% |
| Taxes, remuneration and social security | 45 | €6,034 | €3,713 | -€2,322 | -38.5% |
| Taxes | 450/3 | €6,034 | €3,625 | -€2,409 | -39.9% |
| Remuneration and social security | 454/9 | - | €88 | +€88 | |
| Other amounts payable | 47/48 | €1,609,428 | €1,881,380 | +€271,952 | +16.9% |
| Non-recurring operating income | 76A | €4,500 | €0 | -€4,500 | -100% |
| Remuneration, social security and pensions | 62 | - | €1,512 | +€1,512 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €136,057 | €167,022 | +€30,965 | +22.8% |
| Other operating charges | 640/8 | €9,044 | €9,842 | +€798 | +8.8% |
| Non-recurring operating charges | 66A | €9,850 | €0 | -€9,850 | -100% |
| Gross operating margin | 9900 | -€42,532 | -€70,035 | -€27,503 | -64.7% |
| Operating profit (loss) | 9901 | -€197,483 | -€248,411 | -€50,928 | -25.8% |
| Financial income | 75/76B | €3,995 | €280 | -€3,715 | -93.0% |
| Recurring financial income | 75 | €3,995 | €280 | -€3,715 | -93.0% |
| Financial charges | 65/66B | €369 | €173 | -€196 | -53.2% |
| Recurring financial charges | 65 | €369 | €173 | -€196 | -53.2% |
| Profit (loss) for the period before taxes | 9903 | -€193,857 | -€248,304 | -€54,446 | -28.1% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€193,857 | -€248,304 | -€54,446 | -28.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€193,857 | -€248,304 | -€54,446 | -28.1% |
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 16 October 2026 via checked.be.