KWAL-IT: 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.
KWAL-IT
Largest movements
- Cash -€29,336
down €29,336 (-58.7%), from €49,998 to €20,662
mainly Contributions, distributions and other (-€82,529) and Trade debts (-€1,802)
- Receivables within one year -€5,470
down €5,470 (-33.4%), from €16,401 to €10,931
of which Other amounts receivable: -€4,411
- Tangible fixed assets -€1,471
down €1,471 (-22.8%), from €6,460 to €4,989
of which Plant, machinery and equipment: -€1,969
- Deferred charges and accrued income -€1,412
down €1,412 (-58.3%), from €2,421 to €1,009
- Profit (loss) carried forward -€59,905
down €59,905, from €59,593 to -€312
- Other debts +€20,342
new in 2025: €20,342
- Tax, wage and social debts +€3,676
up €3,676 (+58.7%), from €6,266 to €9,942
of which Taxes: +€3,024
- Trade debts -€1,802
down €1,802 (-55.9%), from €3,222 to €1,420
- Staff costs +€4,617
up €4,617 (+26.6%), from €17,382 to €21,999
- Gross operating margin -€3,661
down €3,661 (-6.2%), from €58,991 to €55,330
- Taxes -€1,502
down €1,502 (-17.9%), from €8,392 to €6,891
- Financial charges +€1,046
up €1,046 (+521.0%), from €201 to €1,247
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 | €75,280 | €37,591 | -€37,689 | -50.1% |
| Fixed assets | 21/28 | €6,460 | €4,989 | -€1,471 | -22.8% |
| Tangible fixed assets | 22/27 | €6,460 | €4,989 | -€1,471 | -22.8% |
| Plant, machinery and equipment | 23 | €4,922 | €2,954 | -€1,969 | -40.0% |
| Furniture and vehicles | 24 | €1,538 | €2,036 | +€498 | +32.4% |
| Current assets | 29/58 | €68,820 | €32,602 | -€36,218 | -52.6% |
| Amounts receivable within one year | 40/41 | €16,401 | €10,931 | -€5,470 | -33.4% |
| Trade receivables | 40 | €11,991 | €10,931 | -€1,060 | -8.8% |
| Other amounts receivable | 41 | €4,411 | - | -€4,411 | |
| Cash at bank and in hand | 54/58 | €49,998 | €20,662 | -€29,336 | -58.7% |
| Deferred charges and accrued income | 490/1 | €2,421 | €1,009 | -€1,412 | -58.3% |
| Total equity and liabilities | 10/49 | €75,280 | €37,591 | -€37,689 | -50.1% |
| Equity | 10/15 | €65,793 | €5,888 | -€59,905 | -91.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €59,593 | -€312 | -€59,905 | |
| Amounts payable | 17/49 | €9,488 | €31,703 | +€22,216 | +234.2% |
| Amounts payable within one year | 42/48 | €9,488 | €31,703 | +€22,216 | +234.2% |
| Trade debts | 44 | €3,222 | €1,420 | -€1,802 | -55.9% |
| Suppliers | 440/4 | €3,222 | €1,420 | -€1,802 | -55.9% |
| Taxes, remuneration and social security | 45 | €6,266 | €9,942 | +€3,676 | +58.7% |
| Taxes | 450/3 | €3,901 | €6,924 | +€3,024 | +77.5% |
| Remuneration and social security | 454/9 | €2,365 | €3,018 | +€652 | +27.6% |
| Other amounts payable | 47/48 | - | €20,342 | +€20,342 | |
| Remuneration, social security and pensions | 62 | €17,382 | €21,999 | +€4,617 | +26.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,248 | €2,569 | +€321 | +14.3% |
| Other operating charges | 640/8 | €64 | - | -€64 | |
| Gross operating margin | 9900 | €58,991 | €55,330 | -€3,661 | -6.2% |
| Operating profit (loss) | 9901 | €39,297 | €30,762 | -€8,535 | -21.7% |
| Financial income | 75/76B | €5 | - | -€5 | |
| Recurring financial income | 75 | €5 | - | -€5 | |
| Financial charges | 65/66B | €201 | €1,247 | +€1,046 | +521.0% |
| Recurring financial charges | 65 | €201 | €1,247 | +€1,046 | +521.0% |
| Profit (loss) for the period before taxes | 9903 | €39,101 | €29,515 | -€9,586 | -24.5% |
| Income taxes | 67/77 | €8,392 | €6,891 | -€1,502 | -17.9% |
| Profit (loss) for the period | 9904 | €30,709 | €22,625 | -€8,084 | -26.3% |
| Profit (loss) for the period to be appropriated | 9905 | €30,709 | €22,625 | -€8,084 | -26.3% |
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.