K-WA4: 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.
K-WA4
Largest movements
- Cash +€18,218
up €18,218 (+11,348%), from €161 to €18,378
mainly Net result for the year (+€18,522) and Tax, wage and social debts (+€6,488)
- Tangible fixed assets +€2,182
up €2,182 (+220%), from €993 to €3,175
- Profit (loss) carried forward +€12,522
up €12,522, from -€2,495 to €10,027
- Tax, wage and social debts +€6,488
up €6,488 (+198%), from €3,280 to €9,768
- Other debts +€1,707
up €1,707 (+20.2%), from €8,451 to €10,158
- Trade debts -€535
down €535 (-46.9%), from €1,139 to €605
- Gross operating margin +€29,057
up €29,057, from -€5,906 to €23,151
- Taxes +€2,979
new in 2025: €2,979
- Other operating charges +€789
up €789 (+1,237%), from €64 to €853
- Depreciation +€398
up €398 (+127%), from €312 to €710
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €11,476 | €31,658 | +€20,182 | +176% |
| Fixed assets | 21/28 | €1,528 | €3,710 | +€2,182 | +143% |
| Tangible fixed assets | 22/27 | €993 | €3,175 | +€2,182 | +220% |
| Furniture and vehicles | 24 | €993 | €3,175 | +€2,182 | +220% |
| Financial fixed assets | 28 | €535 | €535 | = | 0.0% |
| Current assets | 29/58 | €9,948 | €27,948 | +€18,000 | +181% |
| Amounts receivable within one year | 40/41 | €9,787 | €9,570 | -€218 | -2.2% |
| Trade receivables | 40 | €9,787 | €9,570 | -€218 | -2.2% |
| Cash at bank and in hand | 54/58 | €161 | €18,378 | +€18,218 | +11,348% |
| Total equity and liabilities | 10/49 | €11,476 | €31,658 | +€20,182 | +176% |
| Equity | 10/15 | -€1,395 | €11,127 | +€12,522 | |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €100 | €100 | = | 0.0% |
| Non-distributable reserves | 130/1 | €100 | €100 | = | 0.0% |
| Reserves not available under the articles | 1311 | €100 | €100 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,495 | €10,027 | +€12,522 | |
| Amounts payable | 17/49 | €12,870 | €20,530 | +€7,660 | +59.5% |
| Amounts payable within one year | 42/48 | €12,870 | €20,530 | +€7,660 | +59.5% |
| Trade debts | 44 | €1,139 | €605 | -€535 | -46.9% |
| Suppliers | 440/4 | €1,139 | €605 | -€535 | -46.9% |
| Taxes, remuneration and social security | 45 | €3,280 | €9,768 | +€6,488 | +198% |
| Taxes | 450/3 | €3,280 | €9,768 | +€6,488 | +198% |
| Other amounts payable | 47/48 | €8,451 | €10,158 | +€1,707 | +20.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €312 | €710 | +€398 | +127% |
| Other operating charges | 640/8 | €64 | €853 | +€789 | +1,237% |
| Gross operating margin | 9900 | -€5,906 | €23,151 | +€29,057 | |
| Operating profit (loss) | 9901 | -€6,282 | €21,588 | +€27,870 | |
| Financial charges | 65/66B | €50 | €87 | +€38 | +75.9% |
| Recurring financial charges | 65 | €50 | €87 | +€38 | +75.9% |
| Profit (loss) for the period before taxes | 9903 | -€6,331 | €21,501 | +€27,832 | |
| Income taxes | 67/77 | - | €2,979 | +€2,979 | |
| Profit (loss) for the period | 9904 | -€6,331 | €18,522 | +€24,853 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,331 | €18,522 | +€24,853 |
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 20 October 2026 via checked.be.