KWINK: 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.
KWINK
Largest movements
- Tangible fixed assets -€26,545
down €26,545 (-8.9%), from €299,917 to €273,372
of which Furniture and vehicles: -€25,536
- Receivables within one year -€3,316
down €3,316 (-14.0%), from €23,617 to €20,301
of which Other amounts receivable: -€5,467
- Other debts +€66,533
up €66,533 (+123.1%), from €54,034 to €120,567
- Profit (loss) carried forward -€30,721
down €30,721 (-32.3%), from -€95,147 to -€125,867
- Debts after one year -€29,941
down €29,941 (-55.3%), from €54,153 to €24,212
- Tax, wage and social debts -€16,023
down €16,023 (-63.4%), from €25,277 to €9,254
of which Taxes: -€12,947
- Current portion of long-term debt -€14,618
down €14,618 (-32.8%), from €44,559 to €29,941
- Gross operating margin -€30,320
down €30,320 (-78.8%), from €38,492 to €8,172
- Depreciation +€765
up €765 (+2.9%), from €26,587 to €27,353
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 | €331,193 | €303,521 | -€27,671 | -8.4% |
| Fixed assets | 21/28 | €299,917 | €273,372 | -€26,545 | -8.9% |
| Tangible fixed assets | 22/27 | €299,917 | €273,372 | -€26,545 | -8.9% |
| Land and buildings | 22 | €68,824 | €67,816 | -€1,008 | -1.5% |
| Furniture and vehicles | 24 | €231,093 | €205,556 | -€25,536 | -11.1% |
| Current assets | 29/58 | €31,276 | €30,149 | -€1,127 | -3.6% |
| Amounts receivable within one year | 40/41 | €23,617 | €20,301 | -€3,316 | -14.0% |
| Trade receivables | 40 | €18,150 | €20,301 | +€2,151 | +11.8% |
| Other amounts receivable | 41 | €5,467 | €0 | -€5,467 | -100.0% |
| Cash at bank and in hand | 54/58 | €317 | €213 | -€105 | -33.0% |
| Deferred charges and accrued income | 490/1 | €7,342 | €9,636 | +€2,295 | +31.3% |
| Total equity and liabilities | 10/49 | €331,193 | €303,521 | -€27,671 | -8.4% |
| Equity | 10/15 | €88,687 | €57,967 | -€30,721 | -34.6% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Revaluation surpluses | 12 | €3,357 | €3,357 | = | 0.0% |
| Reserves | 13 | €161,885 | €161,885 | = | 0.0% |
| Tax-exempt reserves | 132 | €37,500 | €37,500 | = | 0.0% |
| Distributable reserves | 133 | €124,385 | €124,385 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€95,147 | -€125,867 | -€30,721 | -32.3% |
| Amounts payable | 17/49 | €242,505 | €245,555 | +€3,050 | +1.3% |
| Amounts payable after more than one year | 17 | €54,153 | €24,212 | -€29,941 | -55.3% |
| Financial debts | 170/4 | €54,153 | €24,212 | -€29,941 | -55.3% |
| Amounts payable within one year | 42/48 | €185,753 | €218,463 | +€32,710 | +17.6% |
| Current portion of amounts payable after more than one year | 42 | €44,559 | €29,941 | -€14,618 | -32.8% |
| Financial debts | 43 | €47,878 | €47,704 | -€174 | -0.4% |
| Credit institutions | 430/8 | €47,878 | €47,704 | -€174 | -0.4% |
| Trade debts | 44 | €14,004 | €10,997 | -€3,007 | -21.5% |
| Suppliers | 440/4 | €14,004 | €10,997 | -€3,007 | -21.5% |
| Taxes, remuneration and social security | 45 | €25,277 | €9,254 | -€16,023 | -63.4% |
| Taxes | 450/3 | €19,066 | €6,120 | -€12,947 | -67.9% |
| Remuneration and social security | 454/9 | €6,210 | €3,134 | -€3,076 | -49.5% |
| Other amounts payable | 47/48 | €54,034 | €120,567 | +€66,533 | +123.1% |
| Accrued charges and deferred income | 492/3 | €2,600 | €2,880 | +€280 | +10.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,587 | €27,353 | +€765 | +2.9% |
| Other operating charges | 640/8 | €3,220 | €3,225 | +€4 | +0.1% |
| Gross operating margin | 9900 | €38,492 | €8,172 | -€30,320 | -78.8% |
| Operating profit (loss) | 9901 | €8,685 | -€22,406 | -€31,090 | |
| Financial income | 75/76B | €0 | €1 | +€1 | |
| Recurring financial income | 75 | €0 | €1 | +€1 | |
| Financial charges | 65/66B | €8,093 | €7,798 | -€295 | -3.6% |
| Recurring financial charges | 65 | €8,093 | €7,798 | -€295 | -3.6% |
| Profit (loss) for the period before taxes | 9903 | €592 | -€30,202 | -€30,794 | |
| Income taxes | 67/77 | €546 | €518 | -€27 | -5.0% |
| Profit (loss) for the period | 9904 | €46 | -€30,721 | -€30,767 | |
| Profit (loss) for the period to be appropriated | 9905 | €46 | -€30,721 | -€30,767 |
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 10 October 2026 via checked.be.