Kwanten Eric: 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.
Kwanten Eric
Largest movements
- Tangible fixed assets -€15,424
down €15,424 (-19.6%), from €78,889 to €63,465
of which Furniture and vehicles: -€20,402
- Receivables within one year -€4,029
down €4,029 (-55.9%), from €7,209 to €3,180
- Cash +€3,916
up €3,916 (+32.8%), from €11,933 to €15,850
mainly Depreciation (+€28,675) and Net result for the year (+€12,573)
- Debts after one year -€12,927
down €12,927 (-47.2%), from €27,367 to €14,440
- Reserves -€7,427
down €7,427 (-21.0%), from €35,393 to €27,966
- Other debts +€5,000
up €5,000 (+33.3%), from €15,000 to €20,000
- Depreciation +€1,834
up €1,834 (+6.8%), from €26,841 to €28,675
- Taxes +€1,571
up €1,571 (+36.5%), from €4,307 to €5,878
- Gross operating margin +€1,421
up €1,421 (+3.0%), from €47,372 to €48,794
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 | €100,480 | €85,042 | -€15,438 | -15.4% |
| Fixed assets | 21/28 | €78,889 | €63,465 | -€15,424 | -19.6% |
| Tangible fixed assets | 22/27 | €78,889 | €63,465 | -€15,424 | -19.6% |
| Plant, machinery and equipment | 23 | €8,070 | €6,232 | -€1,838 | -22.8% |
| Furniture and vehicles | 24 | €60,341 | €39,938 | -€20,402 | -33.8% |
| Other tangible fixed assets | 26 | €10,479 | €17,295 | +€6,817 | +65.1% |
| Current assets | 29/58 | €21,591 | €21,577 | -€14 | -0.1% |
| Amounts receivable within one year | 40/41 | €7,209 | €3,180 | -€4,029 | -55.9% |
| Other amounts receivable | 41 | €7,209 | €3,180 | -€4,029 | -55.9% |
| Cash at bank and in hand | 54/58 | €11,933 | €15,850 | +€3,916 | +32.8% |
| Deferred charges and accrued income | 490/1 | €2,449 | €2,547 | +€98 | +4.0% |
| Total equity and liabilities | 10/49 | €100,480 | €85,042 | -€15,438 | -15.4% |
| Equity | 10/15 | €43,546 | €36,119 | -€7,427 | -17.1% |
| Contributions | 10/11 | €8,153 | €8,153 | = | 0.0% |
| Reserves | 13 | €35,393 | €27,966 | -€7,427 | -21.0% |
| Distributable reserves | 133 | €35,393 | €27,966 | -€7,427 | -21.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €56,934 | €48,923 | -€8,011 | -14.1% |
| Amounts payable after more than one year | 17 | €27,367 | €14,440 | -€12,927 | -47.2% |
| Financial debts | 170/4 | €27,367 | €14,440 | -€12,927 | -47.2% |
| Amounts payable within one year | 42/48 | €29,567 | €34,483 | +€4,916 | +16.6% |
| Current portion of amounts payable after more than one year | 42 | €12,551 | €12,927 | +€375 | +3.0% |
| Trade debts | 44 | €2,016 | €1,556 | -€460 | -22.8% |
| Suppliers | 440/4 | €2,016 | €1,556 | -€460 | -22.8% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €15,000 | €20,000 | +€5,000 | +33.3% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,841 | €28,675 | +€1,834 | +6.8% |
| Other operating charges | 640/8 | €449 | €462 | +€12 | +2.8% |
| Non-recurring operating charges | 66A | €8,670 | €0 | -€8,670 | -100% |
| Gross operating margin | 9900 | €47,372 | €48,794 | +€1,421 | +3.0% |
| Operating profit (loss) | 9901 | €11,412 | €19,657 | +€8,245 | +72.2% |
| Financial income | 75/76B | €32 | €44 | +€12 | +37.3% |
| Recurring financial income | 75 | €32 | €44 | +€12 | +37.3% |
| Financial charges | 65/66B | €1,454 | €1,249 | -€205 | -14.1% |
| Recurring financial charges | 65 | €1,454 | €1,249 | -€205 | -14.1% |
| Profit (loss) for the period before taxes | 9903 | €9,990 | €18,451 | +€8,461 | +84.7% |
| Income taxes | 67/77 | €4,307 | €5,878 | +€1,571 | +36.5% |
| Profit (loss) for the period | 9904 | €5,683 | €12,573 | +€6,890 | +121% |
| Profit (loss) for the period to be appropriated | 9905 | €5,683 | €12,573 | +€6,890 | +121% |
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 23 October 2026 via checked.be.