Kwalistra: 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.
Kwalistra
Largest movements
- Current investments -€62,614
down €62,614 (-86.4%), from €72,500 to €9,886
- Cash -€40,587
down €40,587 (-68.6%), from €59,126 to €18,540
mainly Contributions, distributions and other (-€176,760) and Receivables within one year (-€3,596)
- Receivables within one year +€3,596
up €3,596 (+27.3%), from €13,170 to €16,766
of which Other amounts receivable: +€2,730
- Reserves -€99,376
down €99,376 (-85.1%), from €116,760 to €17,384
- Gross operating margin +€4,031
up €4,031 (+4.2%), from €95,423 to €99,454
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 | €147,413 | €47,117 | -€100,296 | -68.0% |
| Fixed assets | 21/28 | €2,616 | €1,926 | -€691 | -26.4% |
| Tangible fixed assets | 22/27 | €2,616 | €1,926 | -€691 | -26.4% |
| Plant, machinery and equipment | 23 | €1,256 | €1,422 | +€166 | +13.2% |
| Furniture and vehicles | 24 | €1,361 | €504 | -€856 | -62.9% |
| Current assets | 29/58 | €144,796 | €45,191 | -€99,605 | -68.8% |
| Amounts receivable within one year | 40/41 | €13,170 | €16,766 | +€3,596 | +27.3% |
| Trade receivables | 40 | €13,170 | €14,036 | +€866 | +6.6% |
| Other amounts receivable | 41 | - | €2,730 | +€2,730 | |
| Current investments | 50/53 | €72,500 | €9,886 | -€62,614 | -86.4% |
| Cash at bank and in hand | 54/58 | €59,126 | €18,540 | -€40,587 | -68.6% |
| Total equity and liabilities | 10/49 | €147,413 | €47,117 | -€100,296 | -68.0% |
| Equity | 10/15 | €119,260 | €19,884 | -€99,376 | -83.3% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €116,760 | €17,384 | -€99,376 | -85.1% |
| Distributable reserves | 133 | €116,760 | €17,384 | -€99,376 | -85.1% |
| Amounts payable | 17/49 | €28,152 | €27,233 | -€920 | -3.3% |
| Amounts payable within one year | 42/48 | €28,152 | €27,233 | -€920 | -3.3% |
| Trade debts | 44 | €354 | €752 | +€399 | +113% |
| Suppliers | 440/4 | €354 | €752 | +€399 | +113% |
| Taxes, remuneration and social security | 45 | €26,982 | €26,480 | -€501 | -1.9% |
| Taxes | 450/3 | €26,982 | €26,480 | -€501 | -1.9% |
| Other amounts payable | 47/48 | €817 | - | -€817 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,562 | €1,558 | -€3 | -0.2% |
| Other operating charges | 640/8 | €338 | €129 | -€209 | -61.8% |
| Gross operating margin | 9900 | €95,423 | €99,454 | +€4,031 | +4.2% |
| Operating profit (loss) | 9901 | €93,523 | €97,767 | +€4,244 | +4.5% |
| Financial income | 75/76B | €1,295 | €966 | -€329 | -25.4% |
| Recurring financial income | 75 | €1,295 | €966 | -€329 | -25.4% |
| Financial charges | 65/66B | €1,740 | €1,507 | -€233 | -13.4% |
| Recurring financial charges | 65 | €1,740 | €1,507 | -€233 | -13.4% |
| Profit (loss) for the period before taxes | 9903 | €93,079 | €97,227 | +€4,148 | +4.5% |
| Income taxes | 67/77 | €19,562 | €19,842 | +€281 | +1.4% |
| Profit (loss) for the period | 9904 | €73,517 | €77,384 | +€3,867 | +5.3% |
| Profit (loss) for the period to be appropriated | 9905 | €73,517 | €77,384 | +€3,867 | +5.3% |
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 22 October 2026 via checked.be.