KUMKWATT: what changed
KUMKWATT
Largest movements
- Receivables within one year +€14,927
up €14,927 (+1,931%), from €773 to €15,700
of which Trade receivables: +€13,798
- Intangible fixed assets +€4,191
new in 2025: €4,191
- Cash -€1,542
down €1,542 (-8.2%), from €18,781 to €17,239
mainly Receivables within one year (-€14,927) and Debts after one year (-€10,000)
- Stocks and contracts -€1,000
down €1,000 (-100%), from €1,000 to €0
- Reserves +€17,566
new in 2025: €17,566
- Debts after one year -€10,000
down €10,000 (-76.9%), from €13,000 to €3,000
- Profit (loss) carried forward +€6,252
no longer reported in 2025 (was -€6,252)
- Tax, wage and social debts +€5,584
new in 2025: €5,584
- Trade debts -€2,908
down €2,908 (-76.4%), from €3,806 to €897
- Gross operating margin +€38,234
up €38,234, from -€8,002 to €30,233
- Taxes +€5,584
new in 2025: €5,584
- Other operating charges +€323
up €323 (+419%), from €77 to €400
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €20,554 | €37,130 | +€16,576 | +80.6% |
| Fixed assets | 21/28 | - | €4,191 | +€4,191 | |
| Intangible fixed assets | 21 | - | €4,191 | +€4,191 | |
| Current assets | 29/58 | €20,554 | €32,938 | +€12,384 | +60.3% |
| Stocks and contracts in progress | 3 | €1,000 | €0 | -€1,000 | -100% |
| Stocks | 30/36 | €1,000 | €0 | -€1,000 | -100% |
| Amounts receivable within one year | 40/41 | €773 | €15,700 | +€14,927 | +1,931% |
| Trade receivables | 40 | €371 | €14,169 | +€13,798 | +3,719% |
| Other amounts receivable | 41 | €402 | €1,531 | +€1,129 | +281% |
| Cash at bank and in hand | 54/58 | €18,781 | €17,239 | -€1,542 | -8.2% |
| Total equity and liabilities | 10/49 | €20,554 | €37,130 | +€16,576 | +80.6% |
| Equity | 10/15 | €3,748 | €27,566 | +€23,818 | +635% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | - | €17,566 | +€17,566 | |
| Distributable reserves | 133 | - | €17,566 | +€17,566 | |
| Profit (loss) carried forward | 14 | -€6,252 | - | +€6,252 | |
| Amounts payable | 17/49 | €16,806 | €9,564 | -€7,242 | -43.1% |
| Amounts payable after more than one year | 17 | €13,000 | €3,000 | -€10,000 | -76.9% |
| Other amounts payable | 178/9 | €13,000 | €3,000 | -€10,000 | -76.9% |
| Amounts payable within one year | 42/48 | €3,806 | €6,564 | +€2,758 | +72.5% |
| Trade debts | 44 | €3,806 | €897 | -€2,908 | -76.4% |
| Suppliers | 440/4 | €3,806 | €897 | -€2,908 | -76.4% |
| Taxes, remuneration and social security | 45 | - | €5,584 | +€5,584 | |
| Taxes | 450/3 | - | €5,584 | +€5,584 | |
| Other amounts payable | 47/48 | - | €82 | +€82 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €94 | +€94 | |
| Other operating charges | 640/8 | €77 | €400 | +€323 | +419% |
| Gross operating margin | 9900 | -€8,002 | €30,233 | +€38,234 | |
| Operating profit (loss) | 9901 | -€8,078 | €29,739 | +€37,818 | |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €254 | €337 | +€83 | +32.5% |
| Recurring financial charges | 65 | €254 | €337 | +€83 | +32.5% |
| Profit (loss) for the period before taxes | 9903 | -€8,332 | €29,402 | +€37,734 | |
| Income taxes | 67/77 | - | €5,584 | +€5,584 | |
| Profit (loss) for the period | 9904 | -€8,332 | €23,818 | +€32,150 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,332 | €23,818 | +€32,150 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.