KWANTE: 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.
KWANTE
Largest movements
- Receivables within one year +€6,743
up €6,743 (+46.9%), from €14,391 to €21,134
of which Trade receivables: +€7,513
- Cash +€5,941
up €5,941 (+429%), from €1,386 to €7,327
mainly Other debts (+€7,661) and Depreciation (+€4,540)
- Tangible fixed assets -€1,661
down €1,661 (-8.5%), from €19,609 to €17,948
of which Leasing and similar rights: -€9,676
- Other debts +€7,661
new in 2025: €7,661
- Advances received +€4,166
new in 2025: €4,166
- Trade debts +€4,022
up €4,022 (+328%), from €1,225 to €5,247
- Current portion of long-term debt -€3,035
down €3,035 (-13.8%), from €22,035 to €19,000
- Profit (loss) carried forward -€1,484
down €1,484 (-14.8%), from -€10,020 to -€11,503
- Depreciation -€5,986
down €5,986 (-56.9%), from €10,526 to €4,540
- Gross operating margin -€3,798
down €3,798 (-20.8%), from €18,267 to €14,469
- Other operating charges -€1,125
down €1,125 (-49.5%), from €2,271 to €1,146
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 | €36,696 | €47,612 | +€10,916 | +29.7% |
| Fixed assets | 21/28 | €19,609 | €17,948 | -€1,661 | -8.5% |
| Tangible fixed assets | 22/27 | €19,609 | €17,948 | -€1,661 | -8.5% |
| Plant, machinery and equipment | 23 | €3,112 | €4,573 | +€1,460 | +46.9% |
| Furniture and vehicles | 24 | €2,162 | €9,882 | +€7,719 | +357% |
| Leasing and similar rights | 25 | €9,676 | €0 | -€9,676 | -100% |
| Other tangible fixed assets | 26 | €4,658 | €3,494 | -€1,164 | -25.0% |
| Current assets | 29/58 | €17,087 | €29,664 | +€12,577 | +73.6% |
| Amounts receivable within one year | 40/41 | €14,391 | €21,134 | +€6,743 | +46.9% |
| Trade receivables | 40 | €13,621 | €21,134 | +€7,513 | +55.2% |
| Other amounts receivable | 41 | €770 | €0 | -€770 | -100% |
| Cash at bank and in hand | 54/58 | €1,386 | €7,327 | +€5,941 | +429% |
| Deferred charges and accrued income | 490/1 | €1,310 | €1,202 | -€108 | -8.2% |
| Total equity and liabilities | 10/49 | €36,696 | €47,612 | +€10,916 | +29.7% |
| Equity | 10/15 | €4,240 | €2,757 | -€1,484 | -35.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€10,020 | -€11,503 | -€1,484 | -14.8% |
| Amounts payable | 17/49 | €32,456 | €44,855 | +€12,399 | +38.2% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €29,981 | €42,380 | +€12,399 | +41.4% |
| Current portion of amounts payable after more than one year | 42 | €22,035 | €19,000 | -€3,035 | -13.8% |
| Trade debts | 44 | €1,225 | €5,247 | +€4,022 | +328% |
| Suppliers | 440/4 | €1,225 | €5,247 | +€4,022 | +328% |
| Advances received on contracts in progress | 46 | - | €4,166 | +€4,166 | |
| Taxes, remuneration and social security | 45 | €6,721 | €6,307 | -€415 | -6.2% |
| Taxes | 450/3 | €4,221 | €6,307 | +€2,085 | +49.4% |
| Remuneration and social security | 454/9 | €2,500 | €0 | -€2,500 | -100% |
| Other amounts payable | 47/48 | - | €7,661 | +€7,661 | |
| Accrued charges and deferred income | 492/3 | €2,475 | €2,475 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,526 | €4,540 | -€5,986 | -56.9% |
| Other operating charges | 640/8 | €2,271 | €1,146 | -€1,125 | -49.5% |
| Non-recurring operating charges | 66A | - | €9,676 | +€9,676 | |
| Gross operating margin | 9900 | €18,267 | €14,469 | -€3,798 | -20.8% |
| Operating profit (loss) | 9901 | €5,469 | -€895 | -€6,364 | |
| Financial income | 75/76B | €160 | €0 | -€160 | -99.9% |
| Recurring financial income | 75 | €160 | €0 | -€160 | -99.9% |
| Financial charges | 65/66B | €382 | €290 | -€92 | -24.0% |
| Recurring financial charges | 65 | €382 | €290 | -€92 | -24.0% |
| Profit (loss) for the period before taxes | 9903 | €5,247 | -€1,185 | -€6,432 | |
| Income taxes | 67/77 | €296 | €299 | +€3 | +1.1% |
| Profit (loss) for the period | 9904 | €4,951 | -€1,484 | -€6,435 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,951 | -€1,484 | -€6,435 |
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 28 October 2026 via checked.be.