KWIBZ: 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.
KWIBZ
Largest movements
- Receivables within one year -€11,559
down €11,559 (-94.6%), from €12,212 to €653
of which Other amounts receivable: -€12,212
- Cash -€7,267
down €7,267 (-37.2%), from €19,516 to €12,249
mainly Other debts (-€28,938) and Investment in fixed assets (net) (-€14,096)
- Tangible fixed assets +€4,981
up €4,981 (+7.1%), from €70,644 to €75,624
of which Other tangible fixed assets: +€7,980
- Other debts -€28,938
down €28,938 (-31.2%), from €92,609 to €63,671
- Profit (loss) carried forward +€12,657
up €12,657 (+136.0%), from €9,305 to €21,962
- Tax, wage and social debts +€3,628
new in 2025: €3,628
- Gross operating margin +€17,002
up €17,002 (+162.6%), from €10,459 to €27,461
- Depreciation +€8,607
up €8,607 (+1692.1%), from €509 to €9,115
- Taxes +€5,061
new in 2025: €5,061
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.
Cash bridge derived
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 | €106,934 | €93,987 | -€12,946 | -12.1% |
| Fixed assets | 21/28 | €70,644 | €75,624 | +€4,981 | +7.1% |
| Tangible fixed assets | 22/27 | €70,644 | €75,624 | +€4,981 | +7.1% |
| Plant, machinery and equipment | 23 | €9,940 | €7,937 | -€2,003 | -20.2% |
| Furniture and vehicles | 24 | €2,779 | €1,783 | -€996 | -35.8% |
| Other tangible fixed assets | 26 | €57,924 | €65,905 | +€7,980 | +13.8% |
| Current assets | 29/58 | €36,290 | €18,363 | -€17,927 | -49.4% |
| Stocks and contracts in progress | 3 | €4,562 | €4,641 | +€79 | +1.7% |
| Stocks | 30/36 | €4,562 | €4,641 | +€79 | +1.7% |
| Amounts receivable within one year | 40/41 | €12,212 | €653 | -€11,559 | -94.6% |
| Trade receivables | 40 | - | €653 | +€653 | |
| Other amounts receivable | 41 | €12,212 | - | -€12,212 | |
| Cash at bank and in hand | 54/58 | €19,516 | €12,249 | -€7,267 | -37.2% |
| Deferred charges and accrued income | 490/1 | - | €820 | +€820 | |
| Total equity and liabilities | 10/49 | €106,934 | €93,987 | -€12,946 | -12.1% |
| Equity | 10/15 | €12,305 | €24,962 | +€12,657 | +102.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €9,305 | €21,962 | +€12,657 | +136.0% |
| Amounts payable | 17/49 | €94,629 | €69,025 | -€25,604 | -27.1% |
| Amounts payable within one year | 42/48 | €94,629 | €69,025 | -€25,604 | -27.1% |
| Trade debts | 44 | €2,020 | €1,726 | -€294 | -14.6% |
| Suppliers | 440/4 | €2,020 | €1,726 | -€294 | -14.6% |
| Taxes, remuneration and social security | 45 | - | €3,628 | +€3,628 | |
| Taxes | 450/3 | - | €3,628 | +€3,628 | |
| Other amounts payable | 47/48 | €92,609 | €63,671 | -€28,938 | -31.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €509 | €9,115 | +€8,607 | +1692.1% |
| Other operating charges | 640/8 | €555 | €520 | -€36 | -6.4% |
| Gross operating margin | 9900 | €10,459 | €27,461 | +€17,002 | +162.6% |
| Operating profit (loss) | 9901 | €9,395 | €17,826 | +€8,431 | +89.7% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €92 | €107 | +€16 | +17.0% |
| Recurring financial charges | 65 | €92 | €107 | +€16 | +17.0% |
| Profit (loss) for the period before taxes | 9903 | €9,305 | €17,718 | +€8,414 | +90.4% |
| Income taxes | 67/77 | - | €5,061 | +€5,061 | |
| Profit (loss) for the period | 9904 | €9,305 | €12,657 | +€3,353 | +36.0% |
| Profit (loss) for the period to be appropriated | 9905 | €9,305 | €12,657 | +€3,353 | +36.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.