KWDF Consulting: 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.
KWDF Consulting
Largest movements
- Current investments -€100,000
down €100,000 (-100%), from €100,000 to €0
- Cash -€31,164
down €31,164 (-45.3%), from €68,742 to €37,578
mainly Contributions, distributions and other (-€133,024) and Trade debts (-€33,582)
- Receivables within one year -€27,085
down €27,085 (-68.7%), from €39,420 to €12,335
of which Trade receivables: -€29,780
- Reserves -€122,562
down €122,562 (-84.3%), from €145,385 to €22,823
- Trade debts -€33,582
down €33,582 (-82.9%), from €40,513 to €6,930
- Tax, wage and social debts -€2,338
down €2,338 (-69.1%), from €3,384 to €1,046
- Financial income -€14,819
down €14,819 (-96.4%), from €15,374 to €555
- Gross operating margin -€14,682
down €14,682 (-48.7%), from €30,140 to €15,458
- Taxes -€6,348
down €6,348 (-56.3%), from €11,272 to €4,923
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 | €208,671 | €50,189 | -€158,482 | -75.9% |
| Current assets | 29/58 | €208,671 | €50,189 | -€158,482 | -75.9% |
| Amounts receivable within one year | 40/41 | €39,420 | €12,335 | -€27,085 | -68.7% |
| Trade receivables | 40 | €36,120 | €6,340 | -€29,780 | -82.4% |
| Other amounts receivable | 41 | €3,300 | €5,995 | +€2,695 | +81.7% |
| Current investments | 50/53 | €100,000 | €0 | -€100,000 | -100% |
| Cash at bank and in hand | 54/58 | €68,742 | €37,578 | -€31,164 | -45.3% |
| Deferred charges and accrued income | 490/1 | €509 | €277 | -€232 | -45.6% |
| Total equity and liabilities | 10/49 | €208,671 | €50,189 | -€158,482 | -75.9% |
| Equity | 10/15 | €163,985 | €41,423 | -€122,562 | -74.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €145,385 | €22,823 | -€122,562 | -84.3% |
| Distributable reserves | 133 | €145,385 | €22,823 | -€122,562 | -84.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €44,686 | €8,766 | -€35,920 | -80.4% |
| Amounts payable within one year | 42/48 | €44,236 | €8,316 | -€35,920 | -81.2% |
| Trade debts | 44 | €40,513 | €6,930 | -€33,582 | -82.9% |
| Suppliers | 440/4 | €40,513 | €6,930 | -€33,582 | -82.9% |
| Taxes, remuneration and social security | 45 | €3,384 | €1,046 | -€2,338 | -69.1% |
| Taxes | 450/3 | €3,384 | €1,046 | -€2,338 | -69.1% |
| Other amounts payable | 47/48 | €340 | €340 | +€0 | 0.0% |
| Accrued charges and deferred income | 492/3 | €450 | €450 | = | 0.0% |
| Other operating charges | 640/8 | €569 | €585 | +€16 | +2.9% |
| Gross operating margin | 9900 | €30,140 | €15,458 | -€14,682 | -48.7% |
| Operating profit (loss) | 9901 | €29,571 | €14,873 | -€14,698 | -49.7% |
| Financial income | 75/76B | €15,374 | €555 | -€14,819 | -96.4% |
| Recurring financial income | 75 | €15,374 | €555 | -€14,819 | -96.4% |
| Financial charges | 65/66B | €74 | €43 | -€31 | -42.2% |
| Recurring financial charges | 65 | €74 | €43 | -€31 | -42.2% |
| Profit (loss) for the period before taxes | 9903 | €44,871 | €15,385 | -€29,486 | -65.7% |
| Income taxes | 67/77 | €11,272 | €4,923 | -€6,348 | -56.3% |
| Profit (loss) for the period | 9904 | €33,599 | €10,462 | -€23,137 | -68.9% |
| Profit (loss) for the period to be appropriated | 9905 | €33,599 | €10,462 | -€23,137 | -68.9% |
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.