KAWEE: 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.
KAWEE
Largest movements
- Current investments +€272,784
new in 2025: €272,784
- Cash -€223,262
down €223,262 (-98.3%), from €227,101 to €3,839
mainly Current investments (-€272,784) and Contributions, distributions and other (-€225,937)
- Other debts +€39,958
up €39,958 (+25.8%), from €154,699 to €194,656
- Tax, wage and social debts +€29,769
up €29,769 (+48.4%), from €61,493 to €91,262
- Profit (loss) carried forward -€22,740
down €22,740 (-100.0%), from €22,740 to €0
- Gross operating margin +€74,021
up €74,021 (+38.6%), from €191,905 to €265,927
- Taxes +€19,105
up €19,105 (+44.6%), from €42,807 to €61,912
- Depreciation -€6,383
down €6,383 (-74.0%), from €8,626 to €2,244
- Financial income +€2,886
up €2,886 (+9620233.3%), from €0 to €2,886
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 | €242,933 | €290,178 | +€47,245 | +19.4% |
| Fixed assets | 21/28 | €3,861 | €1,617 | -€2,244 | -58.1% |
| Tangible fixed assets | 22/27 | €3,861 | €1,617 | -€2,244 | -58.1% |
| Plant, machinery and equipment | 23 | €829 | €125 | -€703 | -84.9% |
| Furniture and vehicles | 24 | €3,032 | €1,492 | -€1,540 | -50.8% |
| Current assets | 29/58 | €239,072 | €288,561 | +€49,489 | +20.7% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €11,448 | €11,229 | -€218 | -1.9% |
| Trade receivables | 40 | €11,220 | €11,220 | = | 0.0% |
| Other amounts receivable | 41 | €228 | €10 | -€218 | -95.8% |
| Current investments | 50/53 | - | €272,784 | +€272,784 | |
| Cash at bank and in hand | 54/58 | €227,101 | €3,839 | -€223,262 | -98.3% |
| Deferred charges and accrued income | 490/1 | €524 | €709 | +€185 | +35.4% |
| Total equity and liabilities | 10/49 | €242,933 | €290,178 | +€47,245 | +19.4% |
| Equity | 10/15 | €26,240 | €3,500 | -€22,740 | -86.7% |
| Contributions | 10/11 | €3,500 | €3,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €22,740 | €0 | -€22,740 | -100.0% |
| Amounts payable | 17/49 | €216,692 | €286,678 | +€69,986 | +32.3% |
| Amounts payable within one year | 42/48 | €216,692 | €286,678 | +€69,986 | +32.3% |
| Trade debts | 44 | €501 | €760 | +€260 | +51.8% |
| Suppliers | 440/4 | €501 | €760 | +€260 | +51.8% |
| Taxes, remuneration and social security | 45 | €61,493 | €91,262 | +€29,769 | +48.4% |
| Taxes | 450/3 | €61,493 | €91,262 | +€29,769 | +48.4% |
| Other amounts payable | 47/48 | €154,699 | €194,656 | +€39,958 | +25.8% |
| Non-recurring operating income | 76A | - | €20,359 | +€20,359 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,626 | €2,244 | -€6,383 | -74.0% |
| Other operating charges | 640/8 | €1,062 | €683 | -€379 | -35.7% |
| Gross operating margin | 9900 | €191,905 | €265,927 | +€74,021 | +38.6% |
| Operating profit (loss) | 9901 | €182,217 | €263,000 | +€80,783 | +44.3% |
| Financial income | 75/76B | €0 | €2,886 | +€2,886 | +9620233.3% |
| Recurring financial income | 75 | €0 | €2,886 | +€2,886 | +9620233.3% |
| Financial charges | 65/66B | €35 | €778 | +€743 | +2129.6% |
| Recurring financial charges | 65 | €35 | €778 | +€743 | +2129.6% |
| Profit (loss) for the period before taxes | 9903 | €182,182 | €265,108 | +€82,926 | +45.5% |
| Income taxes | 67/77 | €42,807 | €61,912 | +€19,105 | +44.6% |
| Profit (loss) for the period | 9904 | €139,375 | €203,197 | +€63,821 | +45.8% |
| Profit (loss) for the period to be appropriated | 9905 | €139,375 | €203,197 | +€63,821 | +45.8% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.