KIWERT: 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.
KIWERT
Largest movements
- Cash +€28,090
up €28,090 (+37.2%), from €75,417 to €103,507
mainly Debts after one year (+€81,653) and Receivables within one year (+€24,334)
- Receivables within one year -€24,334
down €24,334 (-85.2%), from €28,557 to €4,223
of which Trade receivables: -€23,807
- Intangible fixed assets -€7,603
down €7,603 (-14.3%), from €53,050 to €45,447
- Debts after one year +€81,653
new in 2025: €81,653
- Profit (loss) carried forward -€34,440
down €34,440 (-70.3%), from €48,968 to €14,528
- Trade debts -€16,797
down €16,797 (-54.4%), from €30,892 to €14,095
- Tax, wage and social debts -€15,351
down €15,351 (-65.2%), from €23,543 to €8,192
of which Taxes: -€10,671
- Contributions -€12,350
down €12,350 (-66.6%), from €18,550 to €6,200
- Gross operating margin -€98,733
down €98,733, from €84,882 to -€13,851
- Taxes -€23,104
down €23,104, from €16,728 to -€6,376
- Financial charges +€3,244
up €3,244 (+140.7%), from €2,306 to €5,550
- Purchases and services -€1,106
down €1,106 (-0.8%), from €135,660 to €134,554
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 | €163,064 | €158,695 | -€4,369 | -2.7% |
| Fixed assets | 21/28 | €57,227 | €48,753 | -€8,474 | -14.8% |
| Intangible fixed assets | 21 | €53,050 | €45,447 | -€7,603 | -14.3% |
| Tangible fixed assets | 22/27 | €4,177 | €3,306 | -€871 | -20.9% |
| Plant, machinery and equipment | 23 | €4,177 | €3,306 | -€871 | -20.9% |
| Current assets | 29/58 | €105,837 | €109,942 | +€4,105 | +3.9% |
| Amounts receivable within one year | 40/41 | €28,557 | €4,223 | -€24,334 | -85.2% |
| Trade receivables | 40 | €27,907 | €4,100 | -€23,807 | -85.3% |
| Other amounts receivable | 41 | €650 | €123 | -€527 | -81.1% |
| Cash at bank and in hand | 54/58 | €75,417 | €103,507 | +€28,090 | +37.2% |
| Deferred charges and accrued income | 490/1 | €1,863 | €2,212 | +€349 | +18.7% |
| Total equity and liabilities | 10/49 | €163,064 | €158,695 | -€4,369 | -2.7% |
| Equity | 10/15 | €67,518 | €20,728 | -€46,790 | -69.3% |
| Contributions | 10/11 | €18,550 | €6,200 | -€12,350 | -66.6% |
| Profit (loss) carried forward | 14 | €48,968 | €14,528 | -€34,440 | -70.3% |
| Amounts payable | 17/49 | €95,546 | €137,967 | +€42,421 | +44.4% |
| Amounts payable after more than one year | 17 | - | €81,653 | +€81,653 | |
| Financial debts | 170/4 | - | €81,653 | +€81,653 | |
| Amounts payable within one year | 42/48 | €95,546 | €55,257 | -€40,289 | -42.2% |
| Current portion of amounts payable after more than one year | 42 | €15,477 | €13,560 | -€1,917 | -12.4% |
| Trade debts | 44 | €30,892 | €14,095 | -€16,797 | -54.4% |
| Suppliers | 440/4 | €30,892 | €14,095 | -€16,797 | -54.4% |
| Taxes, remuneration and social security | 45 | €23,543 | €8,192 | -€15,351 | -65.2% |
| Taxes | 450/3 | €14,723 | €4,052 | -€10,671 | -72.5% |
| Remuneration and social security | 454/9 | €8,820 | €4,140 | -€4,680 | -53.1% |
| Other amounts payable | 47/48 | €25,634 | €19,410 | -€6,224 | -24.3% |
| Accrued charges and deferred income | 492/3 | - | €1,057 | +€1,057 | |
| Goods, raw materials, services and sundry goods | 60/61 | €135,660 | €134,554 | -€1,106 | -0.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,721 | €21,417 | +€696 | +3.4% |
| Other operating charges | 640/8 | €674 | €645 | -€29 | -4.3% |
| Gross operating margin | 9900 | €84,882 | -€13,851 | -€98,733 | |
| Operating profit (loss) | 9901 | €63,487 | -€35,913 | -€99,400 | |
| Financial income | 75/76B | €1,240 | €647 | -€593 | -47.8% |
| Recurring financial income | 75 | €1,240 | €647 | -€593 | -47.8% |
| Financial charges | 65/66B | €2,306 | €5,550 | +€3,244 | +140.7% |
| Recurring financial charges | 65 | €2,306 | €5,550 | +€3,244 | +140.7% |
| Profit (loss) for the period before taxes | 9903 | €62,421 | -€40,816 | -€103,237 | |
| Income taxes | 67/77 | €16,728 | -€6,376 | -€23,104 | |
| Profit (loss) for the period | 9904 | €45,693 | -€34,440 | -€80,133 | |
| Profit (loss) for the period to be appropriated | 9905 | €45,693 | -€34,440 | -€80,133 |
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 9 October 2026 via checked.be.