KAWA STUDIO: 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.
KAWA STUDIO
Largest movements
- Receivables within one year +€3,011
up €3,011 (+178%), from €1,688 to €4,699
- Cash +€2,879
up €2,879 (+701%), from €411 to €3,289
mainly Net result for the year (+€2,988) and Trade debts (+€1,937)
- Tangible fixed assets -€1,743
down €1,743 (-52.7%), from €3,310 to €1,567
- Profit (loss) carried forward +€2,988
up €2,988 (+9.0%), from -€33,345 to -€30,356
- Trade debts +€1,937
up €1,937 (+96.4%), from €2,010 to €3,948
- Debts after one year -€1,300
down €1,300 (-7.3%), from €17,914 to €16,614
- Tax, wage and social debts +€521
up €521 (+38.6%), from €1,348 to €1,869
- Gross operating margin +€2,435
up €2,435 (+86.1%), from €2,829 to €5,264
- Other operating charges -€567
no longer reported in 2025 (was €567)
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 | €6,984 | €11,130 | +€4,146 | +59.4% |
| Fixed assets | 21/28 | €4,885 | €3,142 | -€1,743 | -35.7% |
| Tangible fixed assets | 22/27 | €3,310 | €1,567 | -€1,743 | -52.7% |
| Furniture and vehicles | 24 | €3,310 | €1,567 | -€1,743 | -52.7% |
| Financial fixed assets | 28 | €1,575 | €1,575 | = | 0.0% |
| Current assets | 29/58 | €2,099 | €7,988 | +€5,889 | +281% |
| Amounts receivable within one year | 40/41 | €1,688 | €4,699 | +€3,011 | +178% |
| Trade receivables | 40 | €1,688 | €4,699 | +€3,011 | +178% |
| Cash at bank and in hand | 54/58 | €411 | €3,289 | +€2,879 | +701% |
| Total equity and liabilities | 10/49 | €6,984 | €11,130 | +€4,146 | +59.4% |
| Equity | 10/15 | -€14,745 | -€11,756 | +€2,988 | +20.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€33,345 | -€30,356 | +€2,988 | +9.0% |
| Amounts payable | 17/49 | €21,728 | €22,887 | +€1,158 | +5.3% |
| Amounts payable after more than one year | 17 | €17,914 | €16,614 | -€1,300 | -7.3% |
| Other amounts payable | 178/9 | €17,914 | €16,614 | -€1,300 | -7.3% |
| Amounts payable within one year | 42/48 | €3,814 | €6,273 | +€2,458 | +64.4% |
| Trade debts | 44 | €2,010 | €3,948 | +€1,937 | +96.4% |
| Suppliers | 440/4 | €2,010 | €3,948 | +€1,937 | +96.4% |
| Taxes, remuneration and social security | 45 | €1,348 | €1,869 | +€521 | +38.6% |
| Taxes | 450/3 | €1,348 | €1,869 | +€521 | +38.6% |
| Other amounts payable | 47/48 | €456 | €456 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,743 | €1,743 | = | 0.0% |
| Other operating charges | 640/8 | €567 | - | -€567 | |
| Gross operating margin | 9900 | €2,829 | €5,264 | +€2,435 | +86.1% |
| Operating profit (loss) | 9901 | €519 | €3,521 | +€3,002 | +578% |
| Financial income | 75/76B | - | €3 | +€3 | |
| Recurring financial income | 75 | - | €3 | +€3 | |
| Financial charges | 65/66B | €515 | €536 | +€21 | +4.0% |
| Recurring financial charges | 65 | €515 | €536 | +€21 | +4.0% |
| Profit (loss) for the period before taxes | 9903 | €4 | €2,988 | +€2,985 | +82,904% |
| Profit (loss) for the period | 9904 | €4 | €2,988 | +€2,985 | +82,904% |
| Profit (loss) for the period to be appropriated | 9905 | €4 | €2,988 | +€2,985 | +82,904% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.