Kwalident: 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.
Kwalident
Largest movements
- Receivables within one year +€129,872
up €129,872 (+440%), from €29,530 to €159,402
of which Other amounts receivable: +€103,307
- Deferred charges and accrued income -€31,519
down €31,519 (-72.8%), from €43,271 to €11,752
- Stocks and contracts +€8,930
up €8,930 (+25.2%), from €35,484 to €44,414
of which Stocks: +€6,830
- Trade debts +€130,117
up €130,117 (+440%), from €29,602 to €159,719
- Accrued charges and deferred income -€24,763
down €24,763 (-69.2%), from €35,769 to €11,006
- Profit (loss) carried forward -€16,437
down €16,437 (-11.2%), from €146,230 to €129,793
- Debts after one year +€12,822
up €12,822 (+45.2%), from €28,383 to €41,205
- Current portion of long-term debt +€6,210
up €6,210 (+32.4%), from €19,150 to €25,360
- Gross operating margin -€281,520
down €281,520 (-64.8%), from €434,585 to €153,065
- Depreciation -€46,632
down €46,632 (-52.8%), from €88,256 to €41,624
- Taxes -€39,111
down €39,111 (-100%), from €39,111 to €0
- Financial charges -€25,147
down €25,147, from €17,939 to -€7,208
- Staff costs -€18,189
down €18,189 (-12.1%), from €150,794 to €132,605
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 | €449,584 | €562,485 | +€112,901 | +25.1% |
| Fixed assets | 21/28 | €315,945 | €319,627 | +€3,682 | +1.2% |
| Intangible fixed assets | 21 | €109 | €2,194 | +€2,085 | +1,913% |
| Tangible fixed assets | 22/27 | €315,836 | €317,273 | +€1,437 | +0.5% |
| Land and buildings | 22 | €187,687 | €0 | -€187,687 | -100% |
| Plant, machinery and equipment | 23 | €83,849 | €70,184 | -€13,665 | -16.3% |
| Furniture and vehicles | 24 | €10,625 | €15,181 | +€4,556 | +42.9% |
| Leasing and similar rights | 25 | €33,675 | €52,699 | +€19,024 | +56.5% |
| Other tangible fixed assets | 26 | - | €179,210 | +€179,210 | |
| Financial fixed assets | 28 | - | €160 | +€160 | |
| Current assets | 29/58 | €133,639 | €242,858 | +€109,219 | +81.7% |
| Stocks and contracts in progress | 3 | €35,484 | €44,414 | +€8,930 | +25.2% |
| Stocks | 30/36 | €35,484 | €42,314 | +€6,830 | +19.2% |
| Contracts in progress | 37 | - | €2,100 | +€2,100 | |
| Amounts receivable within one year | 40/41 | €29,530 | €159,402 | +€129,872 | +440% |
| Trade receivables | 40 | €0 | €26,565 | +€26,565 | |
| Other amounts receivable | 41 | €29,530 | €132,837 | +€103,307 | +350% |
| Cash at bank and in hand | 54/58 | €25,354 | €27,290 | +€1,936 | +7.6% |
| Deferred charges and accrued income | 490/1 | €43,271 | €11,752 | -€31,519 | -72.8% |
| Total equity and liabilities | 10/49 | €449,584 | €562,485 | +€112,901 | +25.1% |
| Equity | 10/15 | €317,587 | €301,150 | -€16,437 | -5.2% |
| Contributions | 10/11 | €31,327 | €31,327 | -€0 | 0.0% |
| Reserves | 13 | €140,030 | €140,030 | +€0 | 0.0% |
| Distributable reserves | 133 | €140,030 | €140,030 | +€0 | 0.0% |
| Profit (loss) carried forward | 14 | €146,230 | €129,793 | -€16,437 | -11.2% |
| Amounts payable | 17/49 | €131,997 | €261,335 | +€129,338 | +98.0% |
| Amounts payable after more than one year | 17 | €28,383 | €41,205 | +€12,822 | +45.2% |
| Financial debts | 170/4 | €28,383 | €41,205 | +€12,822 | +45.2% |
| Amounts payable within one year | 42/48 | €67,845 | €209,124 | +€141,279 | +208% |
| Current portion of amounts payable after more than one year | 42 | €19,150 | €25,360 | +€6,210 | +32.4% |
| Trade debts | 44 | €29,602 | €159,719 | +€130,117 | +440% |
| Suppliers | 440/4 | €29,602 | €159,719 | +€130,117 | +440% |
| Advances received on contracts in progress | 46 | €4,710 | €6,010 | +€1,300 | +27.6% |
| Taxes, remuneration and social security | 45 | €14,384 | €18,035 | +€3,651 | +25.4% |
| Taxes | 450/3 | - | €3,924 | +€3,924 | |
| Remuneration and social security | 454/9 | €14,384 | €14,111 | -€273 | -1.9% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €35,769 | €11,006 | -€24,763 | -69.2% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €150,794 | €132,605 | -€18,189 | -12.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €88,256 | €41,624 | -€46,632 | -52.8% |
| Other operating charges | 640/8 | €7,640 | €2,713 | -€4,927 | -64.5% |
| Gross operating margin | 9900 | €434,585 | €153,065 | -€281,520 | -64.8% |
| Operating profit (loss) | 9901 | €187,895 | -€23,876 | -€211,771 | |
| Financial income | 75/76B | €292 | €232 | -€60 | -20.6% |
| Recurring financial income | 75 | €292 | €232 | -€60 | -20.6% |
| Financial charges | 65/66B | €17,939 | -€7,208 | -€25,147 | |
| Recurring financial charges | 65 | €17,939 | -€7,208 | -€25,147 | |
| Profit (loss) for the period before taxes | 9903 | €170,248 | -€16,437 | -€186,685 | |
| Income taxes | 67/77 | €39,111 | €0 | -€39,111 | -100% |
| Profit (loss) for the period | 9904 | €131,136 | -€16,437 | -€147,573 | |
| Profit (loss) for the period to be appropriated | 9905 | €131,136 | -€16,437 | -€147,573 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.