KWETU: 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.
KWETU
Largest movements
- Cash -€23,000
down €23,000 (-75.9%), from €30,292 to €7,292
mainly Contributions, distributions and other (-€9,000) and Tax, wage and social debts (-€8,502)
- Receivables within one year +€8,276
up €8,276 (+31.6%), from €26,224 to €34,501
of which Trade receivables: +€12,830
- Tax, wage and social debts -€8,502
down €8,502 (-39.1%), from €21,751 to €13,249
of which Taxes: -€10,502
- Profit (loss) carried forward -€8,028
down €8,028 (-30.0%), from €26,780 to €18,751
- Other debts +€2,823
new in 2025: €2,823
- Trade debts -€874
down €874 (-23.7%), from €3,680 to €2,807
- Gross operating margin -€22,279
down €22,279 (-79.0%), from €28,205 to €5,927
- Taxes -€4,476
down €4,476 (-66.3%), from €6,753 to €2,277
- Other operating charges -€971
down €971 (-55.1%), from €1,764 to €792
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 | €63,211 | €48,630 | -€14,581 | -23.1% |
| Fixed assets | 21/28 | €1,601 | €2,010 | +€409 | +25.5% |
| Tangible fixed assets | 22/27 | €1,601 | €2,010 | +€409 | +25.5% |
| Furniture and vehicles | 24 | €1,601 | €2,010 | +€409 | +25.5% |
| Current assets | 29/58 | €61,610 | €46,620 | -€14,990 | -24.3% |
| Amounts receivable within one year | 40/41 | €26,224 | €34,501 | +€8,276 | +31.6% |
| Trade receivables | 40 | €19,965 | €32,795 | +€12,830 | +64.3% |
| Other amounts receivable | 41 | €6,259 | €1,706 | -€4,553 | -72.7% |
| Cash at bank and in hand | 54/58 | €30,292 | €7,292 | -€23,000 | -75.9% |
| Deferred charges and accrued income | 490/1 | €5,094 | €4,828 | -€266 | -5.2% |
| Total equity and liabilities | 10/49 | €63,211 | €48,630 | -€14,581 | -23.1% |
| Equity | 10/15 | €37,780 | €29,751 | -€8,028 | -21.3% |
| Contributions | 10/11 | €11,000 | €11,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €26,780 | €18,751 | -€8,028 | -30.0% |
| Amounts payable | 17/49 | €25,431 | €18,879 | -€6,552 | -25.8% |
| Amounts payable within one year | 42/48 | €25,431 | €18,879 | -€6,552 | -25.8% |
| Trade debts | 44 | €3,680 | €2,807 | -€874 | -23.7% |
| Suppliers | 440/4 | €3,680 | €2,807 | -€874 | -23.7% |
| Taxes, remuneration and social security | 45 | €21,751 | €13,249 | -€8,502 | -39.1% |
| Taxes | 450/3 | €21,751 | €11,249 | -€10,502 | -48.3% |
| Remuneration and social security | 454/9 | - | €2,000 | +€2,000 | |
| Other amounts payable | 47/48 | - | €2,823 | +€2,823 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,325 | €1,339 | +€14 | +1.1% |
| Other operating charges | 640/8 | €1,764 | €792 | -€971 | -55.1% |
| Gross operating margin | 9900 | €28,205 | €5,927 | -€22,279 | -79.0% |
| Operating profit (loss) | 9901 | €25,117 | €3,795 | -€21,321 | -84.9% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €291 | €547 | +€256 | +88.1% |
| Recurring financial charges | 65 | €291 | €547 | +€256 | +88.1% |
| Profit (loss) for the period before taxes | 9903 | €24,826 | €3,249 | -€21,577 | -86.9% |
| Income taxes | 67/77 | €6,753 | €2,277 | -€4,476 | -66.3% |
| Profit (loss) for the period | 9904 | €18,073 | €972 | -€17,101 | -94.6% |
| Profit (loss) for the period to be appropriated | 9905 | €18,073 | €972 | -€17,101 | -94.6% |
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 21 October 2026 via checked.be.