KWA 29: 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.
KWA 29
Largest movements
- Cash -€6,847
down €6,847 (-33.2%), from €20,651 to €13,804
mainly Net result for the year (-€7,252) and Other debts (-€3,082)
- Deferred charges and accrued income -€4,712
down €4,712 (-77.9%), from €6,045 to €1,333
- Receivables within one year +€2,029
up €2,029 (+108%), from €1,884 to €3,912
of which Other amounts receivable: +€3,912
- Tangible fixed assets -€1,443
down €1,443 (-42.3%), from €3,414 to €1,971
- Profit (loss) carried forward -€7,252
down €7,252, from €6,640 to -€612
- Other debts -€3,082
no longer reported in 2025 (was €3,082)
- Trade debts -€1,083
down €1,083 (-54.9%), from €1,974 to €890
- Tax, wage and social debts +€443
up €443 (+3.6%), from €12,238 to €12,682
- Gross operating margin -€53,013
down €53,013, from €51,459 to -€1,554
- Taxes -€7,649
down €7,649 (-82.1%), from €9,314 to €1,665
- Other operating charges +€863
up €863 (+118%), from €730 to €1,593
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.
Derived cash bridge
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 | €31,993 | €21,020 | -€10,973 | -34.3% |
| Fixed assets | 21/28 | €3,414 | €1,971 | -€1,443 | -42.3% |
| Tangible fixed assets | 22/27 | €3,414 | €1,971 | -€1,443 | -42.3% |
| Furniture and vehicles | 24 | €3,414 | €1,971 | -€1,443 | -42.3% |
| Current assets | 29/58 | €28,580 | €19,049 | -€9,530 | -33.3% |
| Amounts receivable within one year | 40/41 | €1,884 | €3,912 | +€2,029 | +108% |
| Trade receivables | 40 | €1,884 | - | -€1,884 | |
| Other amounts receivable | 41 | - | €3,912 | +€3,912 | |
| Cash at bank and in hand | 54/58 | €20,651 | €13,804 | -€6,847 | -33.2% |
| Deferred charges and accrued income | 490/1 | €6,045 | €1,333 | -€4,712 | -77.9% |
| Total equity and liabilities | 10/49 | €31,993 | €21,020 | -€10,973 | -34.3% |
| Equity | 10/15 | €14,700 | €7,448 | -€7,252 | -49.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,640 | -€612 | -€7,252 | |
| Amounts payable | 17/49 | €17,294 | €13,572 | -€3,721 | -21.5% |
| Amounts payable within one year | 42/48 | €17,294 | €13,572 | -€3,721 | -21.5% |
| Trade debts | 44 | €1,974 | €890 | -€1,083 | -54.9% |
| Suppliers | 440/4 | €1,974 | €890 | -€1,083 | -54.9% |
| Taxes, remuneration and social security | 45 | €12,238 | €12,682 | +€443 | +3.6% |
| Taxes | 450/3 | €12,238 | €12,682 | +€443 | +3.6% |
| Other amounts payable | 47/48 | €3,082 | - | -€3,082 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €967 | €1,443 | +€475 | +49.1% |
| Other operating charges | 640/8 | €730 | €1,593 | +€863 | +118% |
| Gross operating margin | 9900 | €51,459 | -€1,554 | -€53,013 | |
| Operating profit (loss) | 9901 | €49,761 | -€4,590 | -€54,351 | |
| Financial income | 75/76B | - | €246 | +€246 | |
| Recurring financial income | 75 | - | €246 | +€246 | |
| Financial charges | 65/66B | €1,033 | €1,242 | +€209 | +20.3% |
| Recurring financial charges | 65 | €1,033 | €1,242 | +€209 | +20.3% |
| Profit (loss) for the period before taxes | 9903 | €48,729 | -€5,586 | -€54,315 | |
| Income taxes | 67/77 | €9,314 | €1,665 | -€7,649 | -82.1% |
| Profit (loss) for the period | 9904 | €39,415 | -€7,252 | -€46,666 | |
| Profit (loss) for the period to be appropriated | 9905 | €39,415 | -€7,252 | -€46,666 |
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 17 October 2026 via checked.be.