KAWTAR: what changed
Two fiscal 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.
KAWTAR
Largest movements
- Tangible fixed assets +€17,372
up €17,372 (+550.9%), from €3,153 to €20,525
- Cash -€3,855
down €3,855 (-54.1%), from €7,122 to €3,268
mainly Investment in fixed assets (net) (-€21,000)
- Deferred charges and accrued income -€567
down €567 (-95.8%), from €593 to €25
- Debts after one year +€10,000
up €10,000 (+117.0%), from €8,547 to €18,547
- Other debts +€2,477
up €2,477 (+473.7%), from €523 to €3,000
- Gross operating margin +€1,641
up €1,641 (+67.5%), from €2,431 to €4,072
- Depreciation +€654
up €654 (+22.0%), from €2,974 to €3,629
- Other operating charges -€575
no longer reported in 2024 (was €575)
- Financial charges -€135
down €135 (-35.9%), from €376 to €241
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €10,887 | €23,817 | +€12,931 | +118.8% |
| Fixed assets | 21/28 | €3,153 | €20,525 | +€17,372 | +550.9% |
| Tangible fixed assets | 22/27 | €3,153 | €20,525 | +€17,372 | +550.9% |
| Furniture and vehicles | 24 | €3,153 | €20,525 | +€17,372 | +550.9% |
| Current assets | 29/58 | €7,734 | €3,293 | -€4,441 | -57.4% |
| Amounts receivable within one year | 40/41 | €19 | - | -€19 | |
| Trade receivables | 40 | €5 | - | -€5 | |
| Other amounts receivable | 41 | €14 | - | -€14 | |
| Cash at bank and in hand | 54/58 | €7,122 | €3,268 | -€3,855 | -54.1% |
| Deferred charges and accrued income | 490/1 | €593 | €25 | -€567 | -95.8% |
| Total equity and liabilities | 10/49 | €10,887 | €23,817 | +€12,931 | +118.8% |
| Equity | 10/15 | €1,423 | €1,625 | +€202 | +14.2% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€17,169 | -€16,967 | +€202 | +1.2% |
| Amounts payable | 17/49 | €9,464 | €22,192 | +€12,728 | +134.5% |
| Amounts payable after more than one year | 17 | €8,547 | €18,547 | +€10,000 | +117.0% |
| Financial debts | 170/4 | €8,547 | €18,547 | +€10,000 | +117.0% |
| Amounts payable within one year | 42/48 | €917 | €3,645 | +€2,728 | +297.6% |
| Trade debts | 44 | €339 | €502 | +€163 | +48.2% |
| Suppliers | 440/4 | €339 | €502 | +€163 | +48.2% |
| Taxes, remuneration and social security | 45 | €55 | €143 | +€88 | +159.8% |
| Taxes | 450/3 | €55 | €143 | +€88 | +159.8% |
| Other amounts payable | 47/48 | €523 | €3,000 | +€2,477 | +473.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,974 | €3,629 | +€654 | +22.0% |
| Other operating charges | 640/8 | €575 | - | -€575 | |
| Gross operating margin | 9900 | €2,431 | €4,072 | +€1,641 | +67.5% |
| Operating profit (loss) | 9901 | -€1,119 | €444 | +€1,562 | |
| Financial charges | 65/66B | €376 | €241 | -€135 | -35.9% |
| Recurring financial charges | 65 | €376 | €241 | -€135 | -35.9% |
| Profit (loss) for the period before taxes | 9903 | -€1,495 | €202 | +€1,697 | |
| Profit (loss) for the period | 9904 | -€1,495 | €202 | +€1,697 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,495 | €202 | +€1,697 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.