KWINT JOSEPH: 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.
KWINT JOSEPH
Largest movements
- Tangible fixed assets -€16,650
down €16,650 (-22.8%), from €73,146 to €56,496
of which Furniture and vehicles: -€15,733
- Cash +€15,785
up €15,785 (+84.5%), from €18,688 to €34,473
mainly Depreciation (+€16,650) and Receivables within one year (+€14,835)
- Receivables within one year -€14,835
down €14,835 (-44.5%), from €33,329 to €18,494
of which Trade receivables: -€14,973
- Current investments -€3,925
down €3,925 (-10.8%), from €36,194 to €32,269
- Reserves -€19,531
down €19,531 (-38.5%), from €50,735 to €31,204
of which Distributable reserves: -€19,531
- Debts after one year -€13,073
down €13,073 (-26.6%), from €49,193 to €36,120
- Tax, wage and social debts +€4,590
up €4,590 (+42.8%), from €10,731 to €15,321
of which Taxes: +€2,637
- Trade debts +€3,099
up €3,099 (+58.8%), from €5,270 to €8,368
- Other debts +€3,005
up €3,005 (+18.8%), from €16,020 to €19,024
- Gross operating margin -€11,886
down €11,886 (-24.9%), from €47,729 to €35,843
- Depreciation +€6,787
up €6,787 (+68.8%), from €9,863 to €16,650
- Taxes -€1,260
down €1,260 (-14.8%), from €8,514 to €7,254
- Financial charges +€619
up €619 (+37.6%), from €1,648 to €2,267
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 | €163,658 | €144,097 | -€19,560 | -12.0% |
| Fixed assets | 21/28 | €74,146 | €57,496 | -€16,650 | -22.5% |
| Tangible fixed assets | 22/27 | €73,146 | €56,496 | -€16,650 | -22.8% |
| Furniture and vehicles | 24 | €69,461 | €53,729 | -€15,733 | -22.6% |
| Other tangible fixed assets | 26 | €3,685 | €2,767 | -€918 | -24.9% |
| Financial fixed assets | 28 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €89,512 | €86,602 | -€2,910 | -3.3% |
| Amounts receivable within one year | 40/41 | €33,329 | €18,494 | -€14,835 | -44.5% |
| Trade receivables | 40 | €33,324 | €18,351 | -€14,973 | -44.9% |
| Other amounts receivable | 41 | €5 | €142 | +€137 | +2,851% |
| Current investments | 50/53 | €36,194 | €32,269 | -€3,925 | -10.8% |
| Cash at bank and in hand | 54/58 | €18,688 | €34,473 | +€15,785 | +84.5% |
| Deferred charges and accrued income | 490/1 | €1,301 | €1,366 | +€66 | +5.0% |
| Total equity and liabilities | 10/49 | €163,658 | €144,097 | -€19,560 | -12.0% |
| Equity | 10/15 | €69,335 | €49,804 | -€19,531 | -28.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €50,735 | €31,204 | -€19,531 | -38.5% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Other | 1319 | - | €1,860 | +€1,860 | |
| Distributable reserves | 133 | €48,875 | €29,344 | -€19,531 | -40.0% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €94,323 | €94,293 | -€30 | 0.0% |
| Amounts payable after more than one year | 17 | €49,193 | €36,120 | -€13,073 | -26.6% |
| Financial debts | 170/4 | €49,193 | €36,120 | -€13,073 | -26.6% |
| Amounts payable within one year | 42/48 | €44,614 | €57,657 | +€13,043 | +29.2% |
| Current portion of amounts payable after more than one year | 42 | €12,594 | €13,073 | +€479 | +3.8% |
| Financial debts | 43 | - | €1,871 | +€1,871 | |
| Credit institutions | 430/8 | - | €1,871 | +€1,871 | |
| Trade debts | 44 | €5,270 | €8,368 | +€3,099 | +58.8% |
| Suppliers | 440/4 | €5,270 | €8,368 | +€3,099 | +58.8% |
| Taxes, remuneration and social security | 45 | €10,731 | €15,321 | +€4,590 | +42.8% |
| Taxes | 450/3 | €10,731 | €13,368 | +€2,637 | +24.6% |
| Remuneration and social security | 454/9 | - | €1,953 | +€1,953 | |
| Other amounts payable | 47/48 | €16,020 | €19,024 | +€3,005 | +18.8% |
| Accrued charges and deferred income | 492/3 | €516 | €516 | = | 0.0% |
| Non-recurring operating income | 76A | €4,525 | €0 | -€4,525 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,863 | €16,650 | +€6,787 | +68.8% |
| Other operating charges | 640/8 | €209 | €488 | +€279 | +133% |
| Gross operating margin | 9900 | €47,729 | €35,843 | -€11,886 | -24.9% |
| Operating profit (loss) | 9901 | €37,657 | €18,705 | -€18,952 | -50.3% |
| Financial income | 75/76B | €145 | €161 | +€16 | +10.8% |
| Recurring financial income | 75 | €145 | €161 | +€16 | +10.8% |
| Financial charges | 65/66B | €1,648 | €2,267 | +€619 | +37.6% |
| Recurring financial charges | 65 | €1,648 | €2,267 | +€619 | +37.6% |
| Profit (loss) for the period before taxes | 9903 | €36,154 | €16,598 | -€19,555 | -54.1% |
| Income taxes | 67/77 | €8,514 | €7,254 | -€1,260 | -14.8% |
| Profit (loss) for the period | 9904 | €27,639 | €9,344 | -€18,295 | -66.2% |
| Profit (loss) for the period to be appropriated | 9905 | €27,639 | €9,344 | -€18,295 | -66.2% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.