KWATRIMMO: 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.
KWATRIMMO
Largest movements
- Tangible fixed assets -€39,136
down €39,136 (-10.5%), from €373,720 to €334,584
- Receivables within one year -€38,069
no longer reported in 2025 (was €38,069)
- Reserves -€67,425
down €67,425 (-71.7%), from €94,034 to €26,609
of which Distributable reserves: -€67,425
- Other debts +€45,485
new in 2025: €45,485
- Revaluation surpluses -€33,610
down €33,610 (-14.3%), from €235,273 to €201,663
- Profit (loss) carried forward -€21,864
down €21,864 (-30.1%), from -€72,656 to -€94,520
- Gross operating margin -€17,290
down €17,290, from €4,330 to -€12,961
- Financial income -€8,461
no longer reported in 2025 (was €8,461)
- Depreciation -€3,053
down €3,053 (-35.6%), from €8,579 to €5,526
- Other operating charges -€296
down €296 (-8.1%), from €3,643 to €3,347
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 | €414,219 | €334,619 | -€79,600 | -19.2% |
| Fixed assets | 21/28 | €373,720 | €334,584 | -€39,136 | -10.5% |
| Tangible fixed assets | 22/27 | €373,720 | €334,584 | -€39,136 | -10.5% |
| Land and buildings | 22 | €373,720 | €334,584 | -€39,136 | -10.5% |
| Current assets | 29/58 | €40,499 | €35 | -€40,464 | -99.9% |
| Amounts receivable within one year | 40/41 | €38,069 | - | -€38,069 | |
| Other amounts receivable | 41 | €38,069 | - | -€38,069 | |
| Cash at bank and in hand | 54/58 | €2,430 | €35 | -€2,395 | -98.6% |
| Total equity and liabilities | 10/49 | €414,219 | €334,619 | -€79,600 | -19.2% |
| Equity | 10/15 | €410,221 | €287,322 | -€122,899 | -30.0% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Revaluation surpluses | 12 | €235,273 | €201,663 | -€33,610 | -14.3% |
| Reserves | 13 | €94,034 | €26,609 | -€67,425 | -71.7% |
| Non-distributable reserves | 130/1 | €15,000 | €15,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €15,000 | €15,000 | = | 0.0% |
| Distributable reserves | 133 | €79,034 | €11,609 | -€67,425 | -85.3% |
| Profit (loss) carried forward | 14 | -€72,656 | -€94,520 | -€21,864 | -30.1% |
| Investment grants | 15 | €3,570 | €3,570 | = | 0.0% |
| Amounts payable | 17/49 | €3,998 | €47,297 | +€43,299 | +1,083% |
| Amounts payable within one year | 42/48 | €3,998 | €47,297 | +€43,299 | +1,083% |
| Trade debts | 44 | €3,998 | €1,812 | -€2,187 | -54.7% |
| Suppliers | 440/4 | €3,998 | €1,812 | -€2,187 | -54.7% |
| Other amounts payable | 47/48 | - | €45,485 | +€45,485 | |
| Non-recurring operating income | 76A | €18,670 | - | -€18,670 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,579 | €5,526 | -€3,053 | -35.6% |
| Other operating charges | 640/8 | €3,643 | €3,347 | -€296 | -8.1% |
| Gross operating margin | 9900 | €4,330 | -€12,961 | -€17,290 | |
| Operating profit (loss) | 9901 | -€7,893 | -€21,834 | -€13,941 | -177% |
| Financial income | 75/76B | €8,461 | - | -€8,461 | |
| Recurring financial income | 75 | €8,461 | - | -€8,461 | |
| Financial charges | 65/66B | €56 | €30 | -€26 | -46.3% |
| Recurring financial charges | 65 | €56 | €30 | -€26 | -46.3% |
| Profit (loss) for the period before taxes | 9903 | €513 | -€21,864 | -€22,376 | |
| Income taxes | 67/77 | -€11 | - | +€11 | |
| Profit (loss) for the period | 9904 | €523 | -€21,864 | -€22,387 | |
| Transfer from tax-exempt reserves | 789 | €3,942 | - | -€3,942 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,465 | -€21,864 | -€26,329 |
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.