Kine Zwalm: 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.
Kine Zwalm
Largest movements
- Cash +€41,091
up €41,091 (+136.2%), from €30,168 to €71,259
mainly Net result for the year (+€28,545) and Receivables within one year (+€11,342)
- Receivables within one year -€11,342
down €11,342 (-54.9%), from €20,669 to €9,328
of which Trade receivables: -€10,930
- Tangible fixed assets +€2,740
up €2,740 (+79.0%), from €3,467 to €6,206
of which Plant, machinery and equipment: +€1,557
- Deferred charges and accrued income +€1,305
up €1,305 (+9225.3%), from €14 to €1,320
- Reserves +€28,545
new in 2025: €28,545
- Tax, wage and social debts +€2,854
up €2,854 (+237.9%), from €1,200 to €4,054
of which Taxes: +€2,854
- Other debts +€1,918
up €1,918, from €0 to €1,918
- Gross operating margin +€26,541
up €26,541 (+133.4%), from €19,898 to €46,439
- Taxes +€10,266
up €10,266 (+225.9%), from €4,545 to €14,812
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 | €55,371 | €88,880 | +€33,509 | +60.5% |
| Formation expenses | 20 | €1,052 | €768 | -€284 | -27.0% |
| Fixed assets | 21/28 | €3,467 | €6,206 | +€2,740 | +79.0% |
| Tangible fixed assets | 22/27 | €3,467 | €6,206 | +€2,740 | +79.0% |
| Plant, machinery and equipment | 23 | €2,552 | €4,109 | +€1,557 | +61.0% |
| Furniture and vehicles | 24 | €915 | €2,098 | +€1,183 | +129.3% |
| Current assets | 29/58 | €50,852 | €81,906 | +€31,054 | +61.1% |
| Amounts receivable within one year | 40/41 | €20,669 | €9,328 | -€11,342 | -54.9% |
| Trade receivables | 40 | €17,215 | €6,285 | -€10,930 | -63.5% |
| Other amounts receivable | 41 | €3,455 | €3,043 | -€412 | -11.9% |
| Cash at bank and in hand | 54/58 | €30,168 | €71,259 | +€41,091 | +136.2% |
| Deferred charges and accrued income | 490/1 | €14 | €1,320 | +€1,305 | +9225.3% |
| Total equity and liabilities | 10/49 | €55,371 | €88,880 | +€33,509 | +60.5% |
| Equity | 10/15 | €54,140 | €82,684 | +€28,545 | +52.7% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | - | €28,545 | +€28,545 | |
| Distributable reserves | 133 | - | €28,545 | +€28,545 | |
| Profit (loss) carried forward | 14 | €52,140 | €52,140 | = | 0.0% |
| Amounts payable | 17/49 | €1,231 | €6,196 | +€4,964 | +403.3% |
| Amounts payable within one year | 42/48 | €1,231 | €6,196 | +€4,964 | +403.3% |
| Trade debts | 44 | €31 | €223 | +€192 | +618.6% |
| Suppliers | 440/4 | €31 | €223 | +€192 | +618.6% |
| Taxes, remuneration and social security | 45 | €1,200 | €4,054 | +€2,854 | +237.9% |
| Taxes | 450/3 | €200 | €3,054 | +€2,854 | +1427.2% |
| Remuneration and social security | 454/9 | €1,000 | €1,000 | = | 0.0% |
| Other amounts payable | 47/48 | €0 | €1,918 | +€1,918 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,131 | €2,467 | +€336 | +15.7% |
| Other operating charges | 640/8 | €586 | €544 | -€42 | -7.2% |
| Gross operating margin | 9900 | €19,898 | €46,439 | +€26,541 | +133.4% |
| Operating profit (loss) | 9901 | €17,181 | €43,428 | +€26,248 | +152.8% |
| Financial income | 75/76B | €1 | €0 | -€1 | -82.6% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -82.6% |
| Financial charges | 65/66B | €62 | €72 | +€10 | +16.1% |
| Recurring financial charges | 65 | €62 | €72 | +€10 | +16.1% |
| Profit (loss) for the period before taxes | 9903 | €17,120 | €43,356 | +€26,237 | +153.3% |
| Income taxes | 67/77 | €4,545 | €14,812 | +€10,266 | +225.9% |
| Profit (loss) for the period | 9904 | €12,575 | €28,545 | +€15,970 | +127.0% |
| Profit (loss) for the period to be appropriated | 9905 | €12,575 | €28,545 | +€15,970 | +127.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.