KOWET: 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.
KOWET
Largest movements
- Tangible fixed assets -€3,616
down €3,616 (-4.9%), from €73,237 to €69,621
- Trade debts -€14,001
down €14,001 (-10.3%), from €135,463 to €121,462
- Other debts +€7,450
up €7,450 (+4.8%), from €156,107 to €163,557
- Gross operating margin +€10,934
up €10,934, from -€2,032 to €8,902
- Other operating charges -€4,356
down €4,356 (-65.3%), from €6,675 to €2,319
- Financial charges -€103
down €103 (-63.1%), from €163 to €60
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 | €334,077 | €330,433 | -€3,644 | -1.1% |
| Fixed assets | 21/28 | €198,237 | €194,621 | -€3,616 | -1.8% |
| Tangible fixed assets | 22/27 | €73,237 | €69,621 | -€3,616 | -4.9% |
| Land and buildings | 22 | €73,237 | €69,621 | -€3,616 | -4.9% |
| Financial fixed assets | 28 | €125,000 | €125,000 | = | 0.0% |
| Current assets | 29/58 | €135,841 | €135,812 | -€28 | 0.0% |
| Amounts receivable within one year | 40/41 | €125,000 | €125,000 | = | 0.0% |
| Trade receivables | 40 | €125,000 | €125,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €68 | €39 | -€28 | -42.0% |
| Deferred charges and accrued income | 490/1 | €10,773 | €10,773 | = | 0.0% |
| Total equity and liabilities | 10/49 | €334,077 | €330,433 | -€3,644 | -1.1% |
| Equity | 10/15 | -€270,493 | -€267,586 | +€2,907 | +1.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €930 | €930 | = | 0.0% |
| Non-distributable reserves | 130/1 | €930 | €930 | = | 0.0% |
| Legal reserve | 130 | €930 | €930 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€290,023 | -€287,116 | +€2,907 | +1.0% |
| Amounts payable | 17/49 | €604,570 | €598,020 | -€6,551 | -1.1% |
| Amounts payable after more than one year | 17 | €313,000 | €313,000 | = | 0.0% |
| Other amounts payable | 178/9 | €313,000 | €313,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €291,570 | €285,020 | -€6,551 | -2.2% |
| Trade debts | 44 | €135,463 | €121,462 | -€14,001 | -10.3% |
| Suppliers | 440/4 | €135,463 | €121,462 | -€14,001 | -10.3% |
| Other amounts payable | 47/48 | €156,107 | €163,557 | +€7,450 | +4.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,616 | €3,616 | = | 0.0% |
| Other operating charges | 640/8 | €6,675 | €2,319 | -€4,356 | -65.3% |
| Gross operating margin | 9900 | -€2,032 | €8,902 | +€10,934 | |
| Operating profit (loss) | 9901 | -€12,323 | €2,967 | +€15,289 | |
| Financial charges | 65/66B | €163 | €60 | -€103 | -63.1% |
| Recurring financial charges | 65 | €163 | €60 | -€103 | -63.1% |
| Profit (loss) for the period before taxes | 9903 | -€12,486 | €2,907 | +€15,392 | |
| Profit (loss) for the period | 9904 | -€12,486 | €2,907 | +€15,392 | |
| Profit (loss) for the period to be appropriated | 9905 | -€12,486 | €2,907 | +€15,392 |
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 11 October 2026 via checked.be.