KWADRIX: 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.
KWADRIX
Largest movements
- Receivables within one year +€27,708
up €27,708 (+45.0%), from €61,568 to €89,276
of which Other amounts receivable: +€25,000
- Cash -€20,357
down €20,357 (-95.3%), from €21,363 to €1,005
mainly Contributions, distributions and other (-€61,718) and Receivables within one year (-€27,708)
- Tangible fixed assets -€7,294
down €7,294 (-9.1%), from €79,866 to €72,573
of which Land and buildings: -€6,880
- Other debts +€51,052
up €51,052 (+125.5%), from €40,666 to €91,718
- Reserves -€50,690
down €50,690 (-9.3%), from €543,061 to €492,371
of which Distributable reserves: -€50,690
- Turnover -€26,605
down €26,605 (-12.4%), from €215,058 to €188,453
- Gross operating margin -€23,190
down €23,190 (-46.7%), from €49,610 to €26,420
- Taxes -€6,056
down €6,056 (-49.3%), from €12,284 to €6,228
- Purchases and services -€3,295
down €3,295 (-1.9%), from €168,999 to €165,704
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 | €707,847 | €707,903 | +€57 | 0.0% |
| Fixed assets | 21/28 | €624,916 | €617,622 | -€7,294 | -1.2% |
| Tangible fixed assets | 22/27 | €79,866 | €72,573 | -€7,294 | -9.1% |
| Land and buildings | 22 | €78,366 | €71,487 | -€6,880 | -8.8% |
| Plant, machinery and equipment | 23 | €1,500 | €1,086 | -€414 | -27.6% |
| Furniture and vehicles | 24 | €0 | €0 | = | 0.0% |
| Financial fixed assets | 28 | €545,050 | €545,050 | = | 0.0% |
| Current assets | 29/58 | €82,931 | €90,281 | +€7,350 | +8.9% |
| Amounts receivable within one year | 40/41 | €61,568 | €89,276 | +€27,708 | +45.0% |
| Trade receivables | 40 | €61,568 | €64,276 | +€2,708 | +4.4% |
| Other amounts receivable | 41 | - | €25,000 | +€25,000 | |
| Cash at bank and in hand | 54/58 | €21,363 | €1,005 | -€20,357 | -95.3% |
| Total equity and liabilities | 10/49 | €707,847 | €707,903 | +€57 | 0.0% |
| Equity | 10/15 | €643,061 | €592,371 | -€50,690 | -7.9% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €543,061 | €492,371 | -€50,690 | -9.3% |
| Tax-exempt reserves | 132 | €1,321 | €1,321 | = | 0.0% |
| Distributable reserves | 133 | €541,740 | €491,050 | -€50,690 | -9.4% |
| Amounts payable | 17/49 | €64,785 | €115,532 | +€50,747 | +78.3% |
| Amounts payable within one year | 42/48 | €64,785 | €115,532 | +€50,747 | +78.3% |
| Trade debts | 44 | €3,774 | €5,529 | +€1,755 | +46.5% |
| Suppliers | 440/4 | €3,774 | €5,529 | +€1,755 | +46.5% |
| Taxes, remuneration and social security | 45 | €20,345 | €18,285 | -€2,060 | -10.1% |
| Taxes | 450/3 | €20,345 | €18,285 | -€2,060 | -10.1% |
| Other amounts payable | 47/48 | €40,666 | €91,718 | +€51,052 | +125.5% |
| Turnover | 70 | €215,058 | €188,453 | -€26,605 | -12.4% |
| Goods, raw materials, services and sundry goods | 60/61 | €168,999 | €165,704 | -€3,295 | -1.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,496 | €7,294 | -€202 | -2.7% |
| Other operating charges | 640/8 | €1,163 | €1,178 | +€15 | +1.3% |
| Gross operating margin | 9900 | €49,610 | €26,420 | -€23,190 | -46.7% |
| Operating profit (loss) | 9901 | €40,951 | €17,949 | -€23,002 | -56.2% |
| Financial income | 75/76B | €0 | €0 | -€0 | -10.2% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -10.2% |
| Financial charges | 65/66B | €1,336 | €693 | -€643 | -48.1% |
| Recurring financial charges | 65 | €1,336 | €693 | -€643 | -48.1% |
| Profit (loss) for the period before taxes | 9903 | €39,616 | €17,256 | -€22,360 | -56.4% |
| Income taxes | 67/77 | €12,284 | €6,228 | -€6,056 | -49.3% |
| Profit (loss) for the period | 9904 | €27,332 | €11,028 | -€16,303 | -59.7% |
| Profit (loss) for the period to be appropriated | 9905 | €27,332 | €11,028 | -€16,303 | -59.7% |
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 3 October 2026 via checked.be.