KWANTICO: 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.
KWANTICO
Largest movements
- Tangible fixed assets +€8,117
up €8,117 (+227%), from €3,576 to €11,692
of which Furniture and vehicles: +€5,050
- Receivables within one year -€5,448
down €5,448 (-48.7%), from €11,182 to €5,733
of which Trade receivables: -€4,293
- Cash +€2,358
up €2,358 (+89.9%), from €2,623 to €4,981
mainly Receivables within one year (+€5,448) and Depreciation (+€5,269)
- Intangible fixed assets -€781
down €781 (-100%), from €781 to €0
- Trade debts +€2,653
up €2,653 (+160%), from €1,655 to €4,308
- Profit (loss) carried forward +€2,148
up €2,148 (+28.1%), from -€7,646 to -€5,497
- Other debts -€528
down €528 (-15.6%), from €3,396 to €2,868
- Gross operating margin +€2,627
up €2,627 (+39.6%), from €6,637 to €9,264
- Depreciation +€2,258
up €2,258 (+75.0%), from €3,011 to €5,269
- Taxes +€596
up €596 (+140%), from €425 to €1,021
- Financial charges +€250
up €250 (+48.3%), from €517 to €767
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €19,140 | €23,548 | +€4,407 | +23.0% |
| Fixed assets | 21/28 | €4,357 | €11,692 | +€7,336 | +168% |
| Intangible fixed assets | 21 | €781 | €0 | -€781 | -100% |
| Tangible fixed assets | 22/27 | €3,576 | €11,692 | +€8,117 | +227% |
| Plant, machinery and equipment | 23 | - | €3,067 | +€3,067 | |
| Furniture and vehicles | 24 | €3,576 | €8,626 | +€5,050 | +141% |
| Current assets | 29/58 | €14,784 | €11,855 | -€2,928 | -19.8% |
| Amounts receivable within one year | 40/41 | €11,182 | €5,733 | -€5,448 | -48.7% |
| Trade receivables | 40 | €10,011 | €5,718 | -€4,293 | -42.9% |
| Other amounts receivable | 41 | €1,170 | €15 | -€1,155 | -98.7% |
| Cash at bank and in hand | 54/58 | €2,623 | €4,981 | +€2,358 | +89.9% |
| Deferred charges and accrued income | 490/1 | €979 | €1,141 | +€162 | +16.5% |
| Total equity and liabilities | 10/49 | €19,140 | €23,548 | +€4,407 | +23.0% |
| Equity | 10/15 | €12,354 | €14,503 | +€2,148 | +17.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,646 | -€5,497 | +€2,148 | +28.1% |
| Amounts payable | 17/49 | €6,786 | €9,045 | +€2,259 | +33.3% |
| Amounts payable within one year | 42/48 | €6,786 | €9,045 | +€2,259 | +33.3% |
| Trade debts | 44 | €1,655 | €4,308 | +€2,653 | +160% |
| Suppliers | 440/4 | €1,655 | €4,308 | +€2,653 | +160% |
| Taxes, remuneration and social security | 45 | €1,735 | €1,869 | +€134 | +7.7% |
| Taxes | 450/3 | €1,735 | €1,869 | +€134 | +7.7% |
| Other amounts payable | 47/48 | €3,396 | €2,868 | -€528 | -15.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,011 | €5,269 | +€2,258 | +75.0% |
| Other operating charges | 640/8 | €0 | €80 | +€80 | |
| Gross operating margin | 9900 | €6,637 | €9,264 | +€2,627 | +39.6% |
| Operating profit (loss) | 9901 | €3,626 | €3,915 | +€289 | +8.0% |
| Financial income | 75/76B | €35 | €21 | -€14 | -40.8% |
| Recurring financial income | 75 | €35 | €21 | -€14 | -40.8% |
| Financial charges | 65/66B | €517 | €767 | +€250 | +48.3% |
| Recurring financial charges | 65 | €517 | €767 | +€250 | +48.3% |
| Profit (loss) for the period before taxes | 9903 | €3,144 | €3,169 | +€25 | +0.8% |
| Income taxes | 67/77 | €425 | €1,021 | +€596 | +140% |
| Profit (loss) for the period | 9904 | €2,719 | €2,148 | -€571 | -21.0% |
| Profit (loss) for the period to be appropriated | 9905 | €2,719 | €2,148 | -€571 | -21.0% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.