Kwip: 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.
Kwip
Largest movements
- Cash +€68,082
up €68,082 (+56.6%), from €120,264 to €188,345
mainly Net result for the year (+€110,317) and Tax, wage and social debts (+€15,047)
- Current investments +€48,199
up €48,199 (+243.4%), from €19,801 to €68,000
- Receivables within one year +€13,310
up €13,310 (+63.6%), from €20,933 to €34,243
of which Trade receivables: +€13,310
- Profit (loss) carried forward +€110,317
up €110,317 (+91.1%), from €121,046 to €231,362
- Tax, wage and social debts +€15,047
up €15,047 (+48.3%), from €31,123 to €46,170
- Gross operating margin +€40,404
up €40,404 (+37.4%), from €108,053 to €148,457
- Taxes +€10,050
up €10,050 (+44.9%), from €22,394 to €32,445
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 | €167,107 | €293,317 | +€126,210 | +75.5% |
| Fixed assets | 21/28 | €3,098 | €2,093 | -€1,005 | -32.4% |
| Tangible fixed assets | 22/27 | €3,098 | €2,093 | -€1,005 | -32.4% |
| Plant, machinery and equipment | 23 | €1,194 | €401 | -€793 | -66.4% |
| Other tangible fixed assets | 26 | €1,904 | €1,692 | -€212 | -11.1% |
| Current assets | 29/58 | €164,009 | €291,224 | +€127,215 | +77.6% |
| Amounts receivable within one year | 40/41 | €20,933 | €34,243 | +€13,310 | +63.6% |
| Trade receivables | 40 | €20,933 | €34,243 | +€13,310 | +63.6% |
| Other amounts receivable | 41 | €0 | - | = | |
| Current investments | 50/53 | €19,801 | €68,000 | +€48,199 | +243.4% |
| Cash at bank and in hand | 54/58 | €120,264 | €188,345 | +€68,082 | +56.6% |
| Deferred charges and accrued income | 490/1 | €3,011 | €636 | -€2,375 | -78.9% |
| Total equity and liabilities | 10/49 | €167,107 | €293,317 | +€126,210 | +75.5% |
| Equity | 10/15 | €124,046 | €234,362 | +€110,317 | +88.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €121,046 | €231,362 | +€110,317 | +91.1% |
| Amounts payable | 17/49 | €43,062 | €58,955 | +€15,893 | +36.9% |
| Amounts payable within one year | 42/48 | €42,945 | €58,955 | +€16,010 | +37.3% |
| Trade debts | 44 | €1,655 | €0 | -€1,655 | -100.0% |
| Suppliers | 440/4 | €1,655 | €0 | -€1,655 | -100.0% |
| Taxes, remuneration and social security | 45 | €31,123 | €46,170 | +€15,047 | +48.3% |
| Taxes | 450/3 | €31,123 | €46,170 | +€15,047 | +48.3% |
| Other amounts payable | 47/48 | €10,167 | €12,785 | +€2,618 | +25.8% |
| Accrued charges and deferred income | 492/3 | €117 | €0 | -€117 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,005 | €1,005 | = | 0.0% |
| Other operating charges | 640/8 | €444 | €503 | +€59 | +13.3% |
| Gross operating margin | 9900 | €108,053 | €148,457 | +€40,404 | +37.4% |
| Operating profit (loss) | 9901 | €106,604 | €146,949 | +€40,345 | +37.8% |
| Financial income | 75/76B | €0 | €199 | +€199 | |
| Recurring financial income | 75 | €0 | €0 | +€0 | |
| Non-recurring financial income | 76B | - | €199 | +€199 | |
| Financial charges | 65/66B | €3,665 | €4,387 | +€722 | +19.7% |
| Recurring financial charges | 65 | €3,665 | €4,387 | +€722 | +19.7% |
| Profit (loss) for the period before taxes | 9903 | €102,939 | €142,761 | +€39,823 | +38.7% |
| Income taxes | 67/77 | €22,394 | €32,445 | +€10,050 | +44.9% |
| Profit (loss) for the period | 9904 | €80,544 | €110,317 | +€29,772 | +37.0% |
| Profit (loss) for the period to be appropriated | 9905 | €80,544 | €110,317 | +€29,772 | +37.0% |
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 30 September 2026 via checked.be.