KWINTIX: 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.
KWINTIX
Largest movements
- Stocks and contracts -€495,303
down €495,303 (-90.0%), from €550,093 to €54,790
- Current investments +€362,986
up €362,986 (+14.4%), from €2.5m to €2.9m
- Cash -€137,052
down €137,052 (-24.2%), from €567,359 to €430,308
mainly Debts after one year (-€842,990) and Current investments (-€362,986)
- Debts after one year -€842,990
down €842,990 (-21.9%), from €3.9m to €3.0m
of which Financial debts: -€946,574
- Reserves +€570,287
up €570,287 (+30.0%), from €1.9m to €2.5m
of which Distributable reserves: +€579,923
- Gross operating margin +€243,432
up €243,432 (+174%), from €140,255 to €383,687
- Financial charges +€112,054
up €112,054 (+193%), from €58,023 to €170,077
of which Financial charges: +€88,497
- Financial income +€74,256
up €74,256 (+15.8%), from €469,660 to €543,915
- Taxes +€31,823
up €31,823, from -€1,357 to €30,466
- Depreciation +€5,089
up €5,089 (+3.9%), from €128,845 to €133,934
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 | €6,179,807 | €5,918,087 | -€261,720 | -4.2% |
| Fixed assets | 21/28 | €2,532,286 | €2,535,577 | +€3,291 | +0.1% |
| Tangible fixed assets | 22/27 | €2,527,417 | €2,530,708 | +€3,291 | +0.1% |
| Land and buildings | 22 | €2,478,530 | €2,434,032 | -€44,498 | -1.8% |
| Plant, machinery and equipment | 23 | €34,349 | €42,985 | +€8,637 | +25.1% |
| Furniture and vehicles | 24 | €14,539 | €53,690 | +€39,152 | +269% |
| Financial fixed assets | 28 | €4,869 | €4,869 | = | 0.0% |
| Current assets | 29/58 | €3,647,521 | €3,382,510 | -€265,011 | -7.3% |
| Stocks and contracts in progress | 3 | €550,093 | €54,790 | -€495,303 | -90.0% |
| Stocks | 30/36 | €550,093 | €54,790 | -€495,303 | -90.0% |
| Amounts receivable within one year | 40/41 | €1,497 | €7,821 | +€6,324 | +422% |
| Trade receivables | 40 | €315 | €7,815 | +€7,500 | +2,384% |
| Other amounts receivable | 41 | €1,182 | €6 | -€1,176 | -99.5% |
| Current investments | 50/53 | €2,526,605 | €2,889,591 | +€362,986 | +14.4% |
| Cash at bank and in hand | 54/58 | €567,359 | €430,308 | -€137,052 | -24.2% |
| Deferred charges and accrued income | 490/1 | €1,966 | - | -€1,966 | |
| Total equity and liabilities | 10/49 | €6,179,807 | €5,918,087 | -€261,720 | -4.2% |
| Equity | 10/15 | €1,946,130 | €2,516,417 | +€570,287 | +29.3% |
| Contributions | 10/11 | €45,000 | €45,000 | = | 0.0% |
| Reserves | 13 | €1,901,130 | €2,471,417 | +€570,287 | +30.0% |
| Tax-exempt reserves | 132 | €159,258 | €149,622 | -€9,636 | -6.1% |
| Distributable reserves | 133 | €1,741,872 | €2,321,795 | +€579,923 | +33.3% |
| Provisions and deferred taxes | 16 | €52,094 | €48,882 | -€3,212 | -6.2% |
| Deferred taxes | 168 | €52,094 | €48,882 | -€3,212 | -6.2% |
| Amounts payable | 17/49 | €4,181,583 | €3,352,788 | -€828,795 | -19.8% |
| Amounts payable after more than one year | 17 | €3,850,494 | €3,007,504 | -€842,990 | -21.9% |
| Financial debts | 170/4 | €2,336,414 | €1,389,841 | -€946,574 | -40.5% |
| Other amounts payable | 178/9 | €1,514,080 | €1,617,663 | +€103,583 | +6.8% |
| Amounts payable within one year | 42/48 | €331,089 | €345,284 | +€14,195 | +4.3% |
| Current portion of amounts payable after more than one year | 42 | €143,124 | €146,574 | +€3,450 | +2.4% |
| Trade debts | 44 | €61,317 | €73,193 | +€11,877 | +19.4% |
| Suppliers | 440/4 | €61,317 | €73,193 | +€11,877 | +19.4% |
| Advances received on contracts in progress | 46 | - | €5,000 | +€5,000 | |
| Taxes, remuneration and social security | 45 | - | €8,366 | +€8,366 | |
| Taxes | 450/3 | - | €8,366 | +€8,366 | |
| Other amounts payable | 47/48 | €126,648 | €112,151 | -€14,497 | -11.4% |
| Non-recurring operating income | 76A | €48,808 | - | -€48,808 | |
| Remuneration, social security and pensions | 62 | - | €4,276 | +€4,276 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €128,845 | €133,934 | +€5,089 | +3.9% |
| Other operating charges | 640/8 | €8,051 | €8,982 | +€932 | +11.6% |
| Non-recurring operating charges | 66A | - | €12,792 | +€12,792 | |
| Gross operating margin | 9900 | €140,255 | €383,687 | +€243,432 | +174% |
| Operating profit (loss) | 9901 | €3,359 | €223,703 | +€220,343 | +6,559% |
| Financial income | 75/76B | €469,660 | €543,915 | +€74,256 | +15.8% |
| Recurring financial income | 75 | €469,660 | €543,915 | +€74,256 | +15.8% |
| Financial charges | 65/66B | €58,023 | €170,077 | +€112,054 | +193% |
| Recurring financial charges | 65 | €58,023 | €146,520 | +€88,497 | +153% |
| Non-recurring financial charges | 66B | - | €23,557 | +€23,557 | |
| Profit (loss) for the period before taxes | 9903 | €414,996 | €597,541 | +€182,545 | +44.0% |
| Transfer from deferred taxes | 780 | €3,212 | €3,212 | = | 0.0% |
| Income taxes | 67/77 | -€1,357 | €30,466 | +€31,823 | |
| Profit (loss) for the period | 9904 | €419,565 | €570,287 | +€150,722 | +35.9% |
| Transfer from tax-exempt reserves | 789 | €9,636 | €9,636 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €429,201 | €579,923 | +€150,722 | +35.1% |
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 18 October 2026 via checked.be.