KAWAclub: 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.
KAWAclub
Largest movements
- Receivables within one year -€51,935
down €51,935 (-100.0%), from €51,939 to €3
of which Trade receivables: -€51,939
- Cash -€38,600
down €38,600 (-86.2%), from €44,766 to €6,167
mainly Net result for the year (-€89,245) and Trade debts (-€46,903)
- Profit (loss) carried forward -€89,245
down €89,245, from €19,769 to -€69,475
- Other debts +€64,538
up €64,538 (+1,324%), from €4,876 to €69,414
- Trade debts -€46,903
down €46,903 (-91.5%), from €51,254 to €4,351
- Tax, wage and social debts -€18,943
no longer reported in 2025 (was €18,943)
of which Taxes: -€15,711
- Gross operating margin -€195,560
down €195,560, from €114,777 to -€80,783
- Staff costs -€131,595
down €131,595 (-97.4%), from €135,103 to €3,509
- Depreciation -€4,662
no longer reported in 2025 (was €4,662)
- Financial charges +€4,195
up €4,195 (+505%), from €830 to €5,025
- Other operating charges -€2,762
down €2,762 (-98.9%), from €2,793 to €32
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 | €96,842 | €6,290 | -€90,552 | -93.5% |
| Fixed assets | 21/28 | €120 | €120 | = | 0.0% |
| Financial fixed assets | 28 | €120 | €120 | = | 0.0% |
| Current assets | 29/58 | €96,722 | €6,170 | -€90,552 | -93.6% |
| Amounts receivable within one year | 40/41 | €51,939 | €3 | -€51,935 | -100.0% |
| Trade receivables | 40 | €51,939 | - | -€51,939 | |
| Other amounts receivable | 41 | - | €3 | +€3 | |
| Cash at bank and in hand | 54/58 | €44,766 | €6,167 | -€38,600 | -86.2% |
| Deferred charges and accrued income | 490/1 | €17 | - | -€17 | |
| Total equity and liabilities | 10/49 | €96,842 | €6,290 | -€90,552 | -93.5% |
| Equity | 10/15 | €21,769 | -€67,475 | -€89,245 | |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €19,769 | -€69,475 | -€89,245 | |
| Amounts payable | 17/49 | €75,073 | €73,765 | -€1,308 | -1.7% |
| Amounts payable within one year | 42/48 | €75,073 | €73,765 | -€1,308 | -1.7% |
| Trade debts | 44 | €51,254 | €4,351 | -€46,903 | -91.5% |
| Suppliers | 440/4 | €51,254 | €4,351 | -€46,903 | -91.5% |
| Taxes, remuneration and social security | 45 | €18,943 | - | -€18,943 | |
| Taxes | 450/3 | €15,711 | - | -€15,711 | |
| Remuneration and social security | 454/9 | €3,231 | - | -€3,231 | |
| Other amounts payable | 47/48 | €4,876 | €69,414 | +€64,538 | +1,324% |
| Remuneration, social security and pensions | 62 | €135,103 | €3,509 | -€131,595 | -97.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,662 | - | -€4,662 | |
| Other operating charges | 640/8 | €2,793 | €32 | -€2,762 | -98.9% |
| Gross operating margin | 9900 | €114,777 | -€80,783 | -€195,560 | |
| Operating profit (loss) | 9901 | -€27,781 | -€84,324 | -€56,543 | -204% |
| Financial income | 75/76B | - | €104 | +€104 | |
| Recurring financial income | 75 | - | €104 | +€104 | |
| Financial charges | 65/66B | €830 | €5,025 | +€4,195 | +505% |
| Recurring financial charges | 65 | €830 | €5,025 | +€4,195 | +505% |
| Profit (loss) for the period before taxes | 9903 | -€28,611 | -€89,245 | -€60,634 | -212% |
| Profit (loss) for the period | 9904 | -€28,611 | -€89,245 | -€60,634 | -212% |
| Profit (loss) for the period to be appropriated | 9905 | -€28,611 | -€89,245 | -€60,634 | -212% |
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 23 October 2026 via checked.be.