KWISPEL: 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.
KWISPEL
Largest movements
- Tangible fixed assets -€10,886
down €10,886 (-20.8%), from €52,373 to €41,488
of which Land and buildings: -€10,044
- Other debts -€15,635
down €15,635 (-37.0%), from €42,226 to €26,591
- Profit (loss) carried forward +€4,880
up €4,880 (+5.9%), from -€82,844 to -€77,964
- Trade debts -€3,552
down €3,552 (-46.0%), from €7,718 to €4,165
- Advances received +€3,012
new in 2025: €3,012
- Tax, wage and social debts -€758
down €758 (-68.0%), from €1,113 to €356
- Gross operating margin +€7,307
up €7,307 (+79.6%), from €9,181 to €16,488
- Depreciation -€860
down €860 (-7.3%), from €11,746 to €10,886
- Other operating charges -€362
down €362 (-38.7%), from €935 to €573
- Financial income -€187
down €187 (-64.7%), from €289 to €102
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 | €75,498 | €63,395 | -€12,103 | -16.0% |
| Fixed assets | 21/28 | €52,373 | €41,488 | -€10,886 | -20.8% |
| Tangible fixed assets | 22/27 | €52,373 | €41,488 | -€10,886 | -20.8% |
| Land and buildings | 22 | €50,367 | €40,323 | -€10,044 | -19.9% |
| Plant, machinery and equipment | 23 | €2,007 | €1,165 | -€842 | -42.0% |
| Current assets | 29/58 | €23,125 | €21,908 | -€1,217 | -5.3% |
| Stocks and contracts in progress | 3 | €9,962 | €9,954 | -€8 | -0.1% |
| Stocks | 30/36 | €9,962 | €9,954 | -€8 | -0.1% |
| Amounts receivable within one year | 40/41 | €4,685 | €4,124 | -€561 | -12.0% |
| Trade receivables | 40 | €4,685 | €4,124 | -€561 | -12.0% |
| Cash at bank and in hand | 54/58 | €7,590 | €7,178 | -€412 | -5.4% |
| Deferred charges and accrued income | 490/1 | €888 | €652 | -€236 | -26.6% |
| Total equity and liabilities | 10/49 | €75,498 | €63,395 | -€12,103 | -16.0% |
| Equity | 10/15 | -€62,844 | -€57,964 | +€4,880 | +7.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€82,844 | -€77,964 | +€4,880 | +5.9% |
| Amounts payable | 17/49 | €138,342 | €121,360 | -€16,983 | -12.3% |
| Amounts payable after more than one year | 17 | €85,631 | €85,631 | = | 0.0% |
| Financial debts | 170/4 | €85,631 | €85,631 | = | 0.0% |
| Amounts payable within one year | 42/48 | €51,056 | €34,124 | -€16,933 | -33.2% |
| Trade debts | 44 | €7,718 | €4,165 | -€3,552 | -46.0% |
| Suppliers | 440/4 | €7,718 | €4,165 | -€3,552 | -46.0% |
| Advances received on contracts in progress | 46 | - | €3,012 | +€3,012 | |
| Taxes, remuneration and social security | 45 | €1,113 | €356 | -€758 | -68.0% |
| Taxes | 450/3 | €1,113 | €356 | -€758 | -68.0% |
| Other amounts payable | 47/48 | €42,226 | €26,591 | -€15,635 | -37.0% |
| Accrued charges and deferred income | 492/3 | €1,655 | €1,605 | -€50 | -3.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,746 | €10,886 | -€860 | -7.3% |
| Other operating charges | 640/8 | €935 | €573 | -€362 | -38.7% |
| Gross operating margin | 9900 | €9,181 | €16,488 | +€7,307 | +79.6% |
| Operating profit (loss) | 9901 | -€3,500 | €5,029 | +€8,529 | |
| Financial income | 75/76B | €289 | €102 | -€187 | -64.7% |
| Recurring financial income | 75 | €289 | €102 | -€187 | -64.7% |
| Financial charges | 65/66B | €210 | €110 | -€99 | -47.3% |
| Recurring financial charges | 65 | €210 | €110 | -€99 | -47.3% |
| Profit (loss) for the period before taxes | 9903 | -€3,420 | €5,021 | +€8,441 | |
| Income taxes | 67/77 | €140 | €141 | +€1 | +1.0% |
| Profit (loss) for the period | 9904 | -€3,560 | €4,880 | +€8,440 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,560 | €4,880 | +€8,440 |
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 12 October 2026 via checked.be.