kwin: 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.
kwin
Largest movements
- Cash +€330,017
up €330,017 (+1175.5%), from €28,075 to €358,091
mainly Net result for the year (+€171,409) and Current investments (+€82,818)
- Current investments -€82,818
no longer reported in 2024 (was €82,818)
- Receivables within one year +€16,536
up €16,536 (+9.3%), from €177,362 to €193,898
of which Trade receivables: +€16,543
- Tangible fixed assets +€12,496
up €12,496 (+115.4%), from €10,826 to €23,322
of which Furniture and vehicles: +€7,643
- Reserves +€171,409
up €171,409 (+9240.4%), from €1,855 to €173,264
- Tax, wage and social debts +€71,698
up €71,698 (+109.0%), from €65,780 to €137,478
of which Taxes: +€70,638
- Trade debts +€32,554
up €32,554 (+62.7%), from €51,916 to €84,470
- Gross operating margin +€127,421
up €127,421 (+38.4%), from €331,898 to €459,319
- Taxes +€45,030
up €45,030 (+125.0%), from €36,023 to €81,053
- Staff costs +€28,284
up €28,284 (+14.9%), from €189,607 to €217,892
- Financial income +€21,584
up €21,584 (+35775.9%), from €60 to €21,644
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 | €311,271 | €585,010 | +€273,738 | +87.9% |
| Fixed assets | 21/28 | €11,861 | €23,979 | +€12,117 | +102.2% |
| Intangible fixed assets | 21 | €1,035 | €657 | -€379 | -36.6% |
| Tangible fixed assets | 22/27 | €10,826 | €23,322 | +€12,496 | +115.4% |
| Plant, machinery and equipment | 23 | - | €2,453 | +€2,453 | |
| Furniture and vehicles | 24 | €10,826 | €18,469 | +€7,643 | +70.6% |
| Other tangible fixed assets | 26 | - | €2,400 | +€2,400 | |
| Current assets | 29/58 | €299,410 | €561,031 | +€261,621 | +87.4% |
| Amounts receivable after more than one year | 29 | €2,319 | - | -€2,319 | |
| Other amounts receivable | 291 | €2,319 | - | -€2,319 | |
| Stocks and contracts in progress | 3 | €8,667 | €8,082 | -€585 | -6.7% |
| Stocks | 30/36 | €8,667 | €8,082 | -€585 | -6.7% |
| Amounts receivable within one year | 40/41 | €177,362 | €193,898 | +€16,536 | +9.3% |
| Trade receivables | 40 | €177,355 | €193,898 | +€16,543 | +9.3% |
| Other amounts receivable | 41 | €7 | - | -€7 | |
| Current investments | 50/53 | €82,818 | - | -€82,818 | |
| Cash at bank and in hand | 54/58 | €28,075 | €358,091 | +€330,017 | +1175.5% |
| Deferred charges and accrued income | 490/1 | €170 | €960 | +€790 | +465.6% |
| Total equity and liabilities | 10/49 | €311,271 | €585,010 | +€273,738 | +87.9% |
| Equity | 10/15 | €190,720 | €362,129 | +€171,409 | +89.9% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €1,855 | €173,264 | +€171,409 | +9240.4% |
| Distributable reserves | 133 | €1,855 | €173,264 | +€171,409 | +9240.4% |
| Profit (loss) carried forward | 14 | €170,315 | €170,315 | = | 0.0% |
| Amounts payable | 17/49 | €120,551 | €222,881 | +€102,330 | +84.9% |
| Amounts payable within one year | 42/48 | €120,551 | €222,881 | +€102,330 | +84.9% |
| Trade debts | 44 | €51,916 | €84,470 | +€32,554 | +62.7% |
| Suppliers | 440/4 | €51,916 | €84,470 | +€32,554 | +62.7% |
| Advances received on contracts in progress | 46 | €1,899 | - | -€1,899 | |
| Taxes, remuneration and social security | 45 | €65,780 | €137,478 | +€71,698 | +109.0% |
| Taxes | 450/3 | €49,002 | €119,640 | +€70,638 | +144.2% |
| Remuneration and social security | 454/9 | €16,778 | €17,839 | +€1,061 | +6.3% |
| Other amounts payable | 47/48 | €956 | €933 | -€24 | -2.5% |
| Remuneration, social security and pensions | 62 | €189,607 | €217,892 | +€28,284 | +14.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,449 | €6,725 | +€1,276 | +23.4% |
| Other operating charges | 640/8 | €384 | €3,480 | +€3,095 | +805.2% |
| Gross operating margin | 9900 | €331,898 | €459,319 | +€127,421 | +38.4% |
| Operating profit (loss) | 9901 | €136,457 | €231,223 | +€94,766 | +69.4% |
| Financial income | 75/76B | €60 | €21,644 | +€21,584 | +35775.9% |
| Recurring financial income | 75 | €60 | €21,644 | +€21,584 | +35775.9% |
| Financial charges | 65/66B | €962 | €405 | -€557 | -57.9% |
| Recurring financial charges | 65 | €962 | €405 | -€557 | -57.9% |
| Profit (loss) for the period before taxes | 9903 | €135,556 | €252,462 | +€116,906 | +86.2% |
| Income taxes | 67/77 | €36,023 | €81,053 | +€45,030 | +125.0% |
| Profit (loss) for the period | 9904 | €99,533 | €171,409 | +€71,876 | +72.2% |
| Profit (loss) for the period to be appropriated | 9905 | €99,533 | €171,409 | +€71,876 | +72.2% |
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 29 September 2026 via checked.be.