Kawaru Consulting: 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.
Kawaru Consulting
Largest movements
- Current investments +€67,689
up €67,689 (+97.3%), from €69,590 to €137,280
- Cash -€53,401
down €53,401 (-41.0%), from €130,273 to €76,873
mainly Current investments (-€67,689) and Other debts (-€29,030)
- Receivables within one year -€28,262
down €28,262 (-51.4%), from €55,014 to €26,752
of which Trade receivables: -€30,039
- Tangible fixed assets -€7,700
down €7,700 (-6.0%), from €129,086 to €121,386
- Other debts -€29,030
down €29,030 (-40.1%), from €72,385 to €43,355
- Reserves +€24,676
up €24,676 (+15.3%), from €161,445 to €186,121
- Debts after one year -€6,886
down €6,886 (-5.6%), from €122,416 to €115,530
- Tax, wage and social debts -€5,388
down €5,388 (-36.8%), from €14,625 to €9,238
- Gross operating margin -€22,944
down €22,944 (-25.3%), from €90,848 to €67,905
- Taxes -€9,497
down €9,497 (-49.7%), from €19,122 to €9,625
- Financial income -€1,254
down €1,254 (-99.8%), from €1,256 to €2
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.
Cash bridge derived
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 | €383,963 | €364,021 | -€19,942 | -5.2% |
| Fixed assets | 21/28 | €129,086 | €121,386 | -€7,700 | -6.0% |
| Tangible fixed assets | 22/27 | €129,086 | €121,386 | -€7,700 | -6.0% |
| Land and buildings | 22 | €129,086 | €121,386 | -€7,700 | -6.0% |
| Current assets | 29/58 | €254,877 | €242,635 | -€12,242 | -4.8% |
| Amounts receivable within one year | 40/41 | €55,014 | €26,752 | -€28,262 | -51.4% |
| Trade receivables | 40 | €51,039 | €21,000 | -€30,039 | -58.9% |
| Other amounts receivable | 41 | €3,975 | €5,752 | +€1,777 | +44.7% |
| Current investments | 50/53 | €69,590 | €137,280 | +€67,689 | +97.3% |
| Cash at bank and in hand | 54/58 | €130,273 | €76,873 | -€53,401 | -41.0% |
| Deferred charges and accrued income | 490/1 | €0 | €1,731 | +€1,731 | |
| Total equity and liabilities | 10/49 | €383,963 | €364,021 | -€19,942 | -5.2% |
| Equity | 10/15 | €163,945 | €188,621 | +€24,676 | +15.1% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €161,445 | €186,121 | +€24,676 | +15.3% |
| Distributable reserves | 133 | €161,445 | €186,121 | +€24,676 | +15.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €220,018 | €175,400 | -€44,618 | -20.3% |
| Amounts payable after more than one year | 17 | €122,416 | €115,530 | -€6,886 | -5.6% |
| Financial debts | 170/4 | €122,416 | €115,530 | -€6,886 | -5.6% |
| Amounts payable within one year | 42/48 | €97,602 | €59,870 | -€37,732 | -38.7% |
| Current portion of amounts payable after more than one year | 42 | €6,781 | €6,886 | +€104 | +1.5% |
| Trade debts | 44 | €3,810 | €391 | -€3,419 | -89.7% |
| Suppliers | 440/4 | €3,810 | €391 | -€3,419 | -89.7% |
| Taxes, remuneration and social security | 45 | €14,625 | €9,238 | -€5,388 | -36.8% |
| Taxes | 450/3 | €14,625 | €9,238 | -€5,388 | -36.8% |
| Other amounts payable | 47/48 | €72,385 | €43,355 | -€29,030 | -40.1% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | - | €12,180 | +€12,180 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,700 | €7,700 | = | 0.0% |
| Other operating charges | 640/8 | €2,231 | €2,107 | -€124 | -5.6% |
| Gross operating margin | 9900 | €90,848 | €67,905 | -€22,944 | -25.3% |
| Operating profit (loss) | 9901 | €80,918 | €58,098 | -€22,820 | -28.2% |
| Financial income | 75/76B | €1,256 | €2 | -€1,254 | -99.8% |
| Recurring financial income | 75 | €1,256 | €2 | -€1,254 | -99.8% |
| Financial charges | 65/66B | €3,815 | €3,799 | -€16 | -0.4% |
| Recurring financial charges | 65 | €3,815 | €3,799 | -€16 | -0.4% |
| Profit (loss) for the period before taxes | 9903 | €78,359 | €54,301 | -€24,059 | -30.7% |
| Income taxes | 67/77 | €19,122 | €9,625 | -€9,497 | -49.7% |
| Profit (loss) for the period | 9904 | €59,238 | €44,676 | -€14,562 | -24.6% |
| Profit (loss) for the period to be appropriated | 9905 | €59,238 | €44,676 | -€14,562 | -24.6% |
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 10 October 2026 via checked.be.