KWEB: what changed
Two fiscal 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.
KWEB
Largest movements
- Receivables within one year +€55,071
up €55,071 (+38.7%), from €142,352 to €197,422
of which Trade receivables: +€55,034
- Cash +€39,415
up €39,415 (+514.3%), from €7,663 to €47,078
mainly Other debts (+€33,843) and Stocks and contracts (+€25,000)
- Stocks and contracts -€25,000
down €25,000 (-62.5%), from €40,000 to €15,000
of which Contracts in progress: -€40,000
- Intangible fixed assets +€10,287
up €10,287 (+161.8%), from €6,358 to €16,645
- Deferred charges and accrued income -€4,024
down €4,024 (-88.2%), from €4,560 to €536
- Other debts +€33,843
up €33,843 (+80.8%), from €41,898 to €75,741
- Reserves +€21,451
up €21,451 (+16.3%), from €131,971 to €153,422
of which Distributable reserves: +€21,451
- Tax, wage and social debts +€16,806
up €16,806 (+154.2%), from €10,897 to €27,703
- Gross operating margin +€34,089
up €34,089 (+110.0%), from €30,983 to €65,072
- Depreciation +€9,819
up €9,819 (+75.3%), from €13,046 to €22,866
- Taxes +€5,924
up €5,924 (+150.2%), from €3,944 to €9,867
- Financial charges +€2,771
up €2,771 (+165.0%), from €1,679 to €4,450
- Staff costs +€1,172
up €1,172 (+31.9%), from €3,668 to €4,840
From the 2023 result to the 2024 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.
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €233,136 | €307,963 | +€74,827 | +32.1% |
| Fixed assets | 21/28 | €38,561 | €47,926 | +€9,365 | +24.3% |
| Intangible fixed assets | 21 | €6,358 | €16,645 | +€10,287 | +161.8% |
| Tangible fixed assets | 22/27 | €32,203 | €31,281 | -€922 | -2.9% |
| Land and buildings | 22 | €14,829 | €14,219 | -€610 | -4.1% |
| Plant, machinery and equipment | 23 | €172 | €107 | -€66 | -38.1% |
| Furniture and vehicles | 24 | €14,754 | €14,795 | +€40 | +0.3% |
| Other tangible fixed assets | 26 | €2,448 | €2,161 | -€287 | -11.7% |
| Current assets | 29/58 | €194,575 | €260,037 | +€65,462 | +33.6% |
| Stocks and contracts in progress | 3 | €40,000 | €15,000 | -€25,000 | -62.5% |
| Stocks | 30/36 | - | €15,000 | +€15,000 | |
| Contracts in progress | 37 | €40,000 | €0 | -€40,000 | -100.0% |
| Amounts receivable within one year | 40/41 | €142,352 | €197,422 | +€55,071 | +38.7% |
| Trade receivables | 40 | €121,295 | €176,329 | +€55,034 | +45.4% |
| Other amounts receivable | 41 | €21,056 | €21,093 | +€37 | +0.2% |
| Cash at bank and in hand | 54/58 | €7,663 | €47,078 | +€39,415 | +514.3% |
| Deferred charges and accrued income | 490/1 | €4,560 | €536 | -€4,024 | -88.2% |
| Total equity and liabilities | 10/49 | €233,136 | €307,963 | +€74,827 | +32.1% |
| Equity | 10/15 | €154,371 | €175,822 | +€21,451 | +13.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €131,971 | €153,422 | +€21,451 | +16.3% |
| Non-distributable reserves | 130/1 | €1,240 | €1,240 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,240 | €1,240 | = | 0.0% |
| Distributable reserves | 133 | €130,731 | €152,182 | +€21,451 | +16.4% |
| Profit (loss) carried forward | 14 | €10,000 | €10,000 | = | 0.0% |
| Amounts payable | 17/49 | €78,765 | €132,141 | +€53,377 | +67.8% |
| Amounts payable within one year | 42/48 | €78,765 | €132,141 | +€53,377 | +67.8% |
| Trade debts | 44 | €25,970 | €27,865 | +€1,895 | +7.3% |
| Suppliers | 440/4 | €25,970 | €27,865 | +€1,895 | +7.3% |
| Advances received on contracts in progress | 46 | - | €832 | +€832 | |
| Taxes, remuneration and social security | 45 | €10,897 | €27,703 | +€16,806 | +154.2% |
| Taxes | 450/3 | €10,897 | €27,703 | +€16,806 | +154.2% |
| Other amounts payable | 47/48 | €41,898 | €75,741 | +€33,843 | +80.8% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €3,668 | €4,840 | +€1,172 | +31.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,046 | €22,866 | +€9,819 | +75.3% |
| Other operating charges | 640/8 | €2,041 | €1,599 | -€442 | -21.7% |
| Gross operating margin | 9900 | €30,983 | €65,072 | +€34,089 | +110.0% |
| Operating profit (loss) | 9901 | €12,228 | €35,768 | +€23,540 | +192.5% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €1,679 | €4,450 | +€2,771 | +165.0% |
| Recurring financial charges | 65 | €1,679 | €4,450 | +€2,771 | +165.0% |
| Profit (loss) for the period before taxes | 9903 | €10,549 | €31,318 | +€20,769 | +196.9% |
| Income taxes | 67/77 | €3,944 | €9,867 | +€5,924 | +150.2% |
| Profit (loss) for the period | 9904 | €6,605 | €21,451 | +€14,845 | +224.7% |
| Profit (loss) for the period to be appropriated | 9905 | €6,605 | €21,451 | +€14,845 | +224.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.