KWANE: 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.
KWANE
Largest movements
- Receivables within one year +€17,255
up €17,255 (+19.3%), from €89,554 to €106,809
of which Other amounts receivable: +€88,540
- Tangible fixed assets -€3,171
down €3,171 (-45.3%), from €6,999 to €3,827
- Other debts -€61,969
down €61,969 (-100.0%), from €61,969 to €0
- Profit (loss) carried forward +€41,595
up €41,595 (+50.5%), from -€82,441 to -€40,846
- Trade debts +€27,388
up €27,388 (+1107.8%), from €2,472 to €29,860
- Tax, wage and social debts +€8,646
new in 2025: €8,646
- Accrued charges and deferred income -€1,320
down €1,320 (-56.6%), from €2,334 to €1,014
- Gross operating margin +€81,224
up €81,224, from -€18,003 to €63,221
- Taxes +€8,646
new in 2025: €8,646
- Financial income +€5,178
up €5,178, from €0 to €5,178
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 | €97,436 | €111,776 | +€14,340 | +14.7% |
| Fixed assets | 21/28 | €6,999 | €3,827 | -€3,171 | -45.3% |
| Tangible fixed assets | 22/27 | €6,999 | €3,827 | -€3,171 | -45.3% |
| Land and buildings | 22 | €2,555 | €1,424 | -€1,131 | -44.3% |
| Plant, machinery and equipment | 23 | €2,484 | €1,226 | -€1,257 | -50.6% |
| Furniture and vehicles | 24 | €1,960 | €1,177 | -€783 | -40.0% |
| Current assets | 29/58 | €90,437 | €107,949 | +€17,511 | +19.4% |
| Amounts receivable within one year | 40/41 | €89,554 | €106,809 | +€17,255 | +19.3% |
| Trade receivables | 40 | €88,994 | €17,709 | -€71,285 | -80.1% |
| Other amounts receivable | 41 | €560 | €89,100 | +€88,540 | +15816.9% |
| Cash at bank and in hand | 54/58 | €25 | €767 | +€742 | +3002.7% |
| Deferred charges and accrued income | 490/1 | €859 | €373 | -€486 | -56.6% |
| Total equity and liabilities | 10/49 | €97,436 | €111,776 | +€14,340 | +14.7% |
| Equity | 10/15 | €30,661 | €72,256 | +€41,595 | +135.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €94,502 | €94,502 | = | 0.0% |
| Tax-exempt reserves | 132 | €965 | €965 | = | 0.0% |
| Distributable reserves | 133 | €93,537 | €93,537 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€82,441 | -€40,846 | +€41,595 | +50.5% |
| Amounts payable | 17/49 | €66,775 | €39,520 | -€27,255 | -40.8% |
| Amounts payable within one year | 42/48 | €64,441 | €38,506 | -€25,935 | -40.2% |
| Trade debts | 44 | €2,472 | €29,860 | +€27,388 | +1107.8% |
| Suppliers | 440/4 | €2,472 | €29,860 | +€27,388 | +1107.8% |
| Taxes, remuneration and social security | 45 | - | €8,646 | +€8,646 | |
| Taxes | 450/3 | - | €8,646 | +€8,646 | |
| Other amounts payable | 47/48 | €61,969 | €0 | -€61,969 | -100.0% |
| Accrued charges and deferred income | 492/3 | €2,334 | €1,014 | -€1,320 | -56.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,626 | €3,171 | -€455 | -12.5% |
| Other operating charges | 640/8 | €413 | €400 | -€13 | -3.2% |
| Non-recurring operating charges | 66A | - | €14,520 | +€14,520 | |
| Gross operating margin | 9900 | -€18,003 | €63,221 | +€81,224 | |
| Operating profit (loss) | 9901 | -€22,042 | €45,130 | +€67,172 | |
| Financial income | 75/76B | €0 | €5,178 | +€5,178 | |
| Recurring financial income | 75 | €0 | €5,178 | +€5,178 | |
| Financial charges | 65/66B | €92 | €67 | -€26 | -27.8% |
| Recurring financial charges | 65 | €92 | €67 | -€26 | -27.8% |
| Profit (loss) for the period before taxes | 9903 | -€22,135 | €50,241 | +€72,376 | |
| Income taxes | 67/77 | - | €8,646 | +€8,646 | |
| Profit (loss) for the period | 9904 | -€22,135 | €41,595 | +€63,729 | |
| Profit (loss) for the period to be appropriated | 9905 | -€22,135 | €41,595 | +€63,729 |
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 12 October 2026 via checked.be.