KWALIBO: what changed
KWALIBO
Largest movements
- Tangible fixed assets -€4,194
down €4,194 (-63.1%), from €6,649 to €2,455
- Receivables within one year +€4,164
up €4,164 (+4.5%), from €92,786 to €96,950
of which Other amounts receivable: +€7,367
- Trade debts +€9,335
up €9,335 (+31.1%), from €30,033 to €39,368
- Profit (loss) carried forward -€8,052
down €8,052 (-22.7%), from -€35,492 to -€43,544
- Short-term financial debts -€1,239
down €1,239 (-36.6%), from €3,382 to €2,143
- Gross operating margin -€10,692
down €10,692, from €8,014 to -€2,678
- Other operating charges -€6,625
no longer reported in 2025 (was €6,625)
- Financial charges -€4,776
down €4,776 (-79.2%), from €6,027 to €1,251
- Financial income -€3,215
down €3,215 (-97.8%), from €3,286 to €71
- Depreciation -€1,238
down €1,238 (-22.8%), from €5,432 to €4,194
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
Cash or the result is not a separate line in both sets of accounts. So the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €101,684 | €101,654 | -€30 | 0.0% |
| Fixed assets | 21/28 | €7,269 | €3,075 | -€4,194 | -57.7% |
| Tangible fixed assets | 22/27 | €6,649 | €2,455 | -€4,194 | -63.1% |
| Plant, machinery and equipment | 23 | €6,649 | €2,455 | -€4,194 | -63.1% |
| Financial fixed assets | 28 | €620 | €620 | = | 0.0% |
| Current assets | 29/58 | €94,415 | €98,579 | +€4,164 | +4.4% |
| Stocks and contracts in progress | 3 | €1,629 | €1,629 | = | 0.0% |
| Stocks | 30/36 | €1,629 | €1,629 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €92,786 | €96,950 | +€4,164 | +4.5% |
| Trade receivables | 40 | €27,613 | €24,410 | -€3,203 | -11.6% |
| Other amounts receivable | 41 | €65,173 | €72,540 | +€7,367 | +11.3% |
| Total equity and liabilities | 10/49 | €101,684 | €101,654 | -€30 | 0.0% |
| Equity | 10/15 | -€18,236 | -€26,288 | -€8,052 | -44.2% |
| Contributions | 10/11 | €16,857 | €16,857 | = | 0.0% |
| Reserves | 13 | €399 | €399 | = | 0.0% |
| Distributable reserves | 133 | €399 | €399 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€35,492 | -€43,544 | -€8,052 | -22.7% |
| Amounts payable | 17/49 | €119,920 | €127,942 | +€8,022 | +6.7% |
| Amounts payable after more than one year | 17 | €86,431 | €86,431 | = | 0.0% |
| Financial debts | 170/4 | €86,431 | €86,431 | = | 0.0% |
| Amounts payable within one year | 42/48 | €33,415 | €41,511 | +€8,096 | +24.2% |
| Financial debts | 43 | €3,382 | €2,143 | -€1,239 | -36.6% |
| Credit institutions | 430/8 | €3,382 | €2,143 | -€1,239 | -36.6% |
| Trade debts | 44 | €30,033 | €39,368 | +€9,335 | +31.1% |
| Suppliers | 440/4 | €30,033 | €39,368 | +€9,335 | +31.1% |
| Accrued charges and deferred income | 492/3 | €74 | - | -€74 | |
| Non-recurring operating income | 76A | €753 | - | -€753 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,432 | €4,194 | -€1,238 | -22.8% |
| Other operating charges | 640/8 | €6,625 | - | -€6,625 | |
| Gross operating margin | 9900 | €8,014 | -€2,678 | -€10,692 | |
| Operating profit (loss) | 9901 | -€4,043 | -€6,872 | -€2,829 | -70.0% |
| Financial income | 75/76B | €3,286 | €71 | -€3,215 | -97.8% |
| Recurring financial income | 75 | €3,286 | €71 | -€3,215 | -97.8% |
| Financial charges | 65/66B | €6,027 | €1,251 | -€4,776 | -79.2% |
| Recurring financial charges | 65 | €6,027 | €1,251 | -€4,776 | -79.2% |
| Profit (loss) for the period before taxes | 9903 | -€6,784 | -€8,052 | -€1,268 | -18.7% |
| Income taxes | 67/77 | €161 | - | -€161 | |
| Profit (loss) for the period | 9904 | -€6,945 | -€8,052 | -€1,107 | -15.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,945 | -€8,052 | -€1,107 | -15.9% |
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 4 November 2026 via checked.be.