KWISTA: 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.
KWISTA
Largest movements
- Receivables within one year +€208,224
up €208,224 (+84.5%), from €246,519 to €454,743
- Cash -€31,356
down €31,356 (-7.7%), from €405,602 to €374,246
mainly Receivables within one year (-€208,224) and Other debts (-€2,084)
- Tangible fixed assets -€29,764
down €29,764 (-5.1%), from €585,779 to €556,015
of which Land and buildings: -€24,843
- Profit (loss) carried forward +€144,747
up €144,747 (+36.4%), from -€397,516 to -€252,770
- Gross operating margin +€136,156
up €136,156 (+348%), from €39,144 to €175,300
- Financial income +€2,700
up €2,700 (+91.0%), from €2,965 to €5,665
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 | €1,289,451 | €1,436,666 | +€147,215 | +11.4% |
| Fixed assets | 21/28 | €635,298 | €605,534 | -€29,764 | -4.7% |
| Tangible fixed assets | 22/27 | €585,779 | €556,015 | -€29,764 | -5.1% |
| Land and buildings | 22 | €571,868 | €547,024 | -€24,843 | -4.3% |
| Furniture and vehicles | 24 | €504 | €0 | -€504 | -100% |
| Other tangible fixed assets | 26 | €13,408 | €8,991 | -€4,417 | -32.9% |
| Financial fixed assets | 28 | €49,519 | €49,519 | = | 0.0% |
| Current assets | 29/58 | €654,153 | €831,132 | +€176,979 | +27.1% |
| Amounts receivable within one year | 40/41 | €246,519 | €454,743 | +€208,224 | +84.5% |
| Other amounts receivable | 41 | €246,519 | €454,743 | +€208,224 | +84.5% |
| Cash at bank and in hand | 54/58 | €405,602 | €374,246 | -€31,356 | -7.7% |
| Deferred charges and accrued income | 490/1 | €2,032 | €2,143 | +€111 | +5.5% |
| Total equity and liabilities | 10/49 | €1,289,451 | €1,436,666 | +€147,215 | +11.4% |
| Equity | 10/15 | €670,673 | €815,420 | +€144,747 | +21.6% |
| Contributions | 10/11 | €765,000 | €765,000 | = | 0.0% |
| Capital | 10 | - | €765,000 | +€765,000 | |
| Issued capital | 100 | - | €765,000 | +€765,000 | |
| Reserves | 13 | €303,190 | €303,190 | = | 0.0% |
| Non-distributable reserves | 130/1 | €76,500 | €76,500 | = | 0.0% |
| Legal reserve | 130 | - | €76,500 | +€76,500 | |
| Reserves not available under the articles | 1311 | €76,500 | - | -€76,500 | |
| Distributable reserves | 133 | €226,690 | €226,690 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€397,516 | -€252,770 | +€144,747 | +36.4% |
| Amounts payable | 17/49 | €618,778 | €621,246 | +€2,468 | +0.4% |
| Amounts payable after more than one year | 17 | €608,250 | €611,250 | +€3,000 | +0.5% |
| Financial debts | 170/4 | €608,250 | €611,250 | +€3,000 | +0.5% |
| Amounts payable within one year | 42/48 | €10,528 | €8,336 | -€2,192 | -20.8% |
| Current portion of amounts payable after more than one year | 42 | €4,200 | €4,200 | = | 0.0% |
| Trade debts | 44 | €3,404 | €4,136 | +€732 | +21.5% |
| Suppliers | 440/4 | €3,404 | €4,136 | +€732 | +21.5% |
| Taxes, remuneration and social security | 45 | €840 | €0 | -€840 | -100% |
| Taxes | 450/3 | €840 | €0 | -€840 | -100% |
| Other amounts payable | 47/48 | €2,084 | €0 | -€2,084 | -100% |
| Accrued charges and deferred income | 492/3 | - | €1,660 | +€1,660 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,398 | €29,764 | -€633 | -2.1% |
| Other operating charges | 640/8 | €2,673 | €3,314 | +€642 | +24.0% |
| Gross operating margin | 9900 | €39,144 | €175,300 | +€136,156 | +348% |
| Operating profit (loss) | 9901 | €6,074 | €142,221 | +€136,147 | +2,241% |
| Financial income | 75/76B | €2,965 | €5,665 | +€2,700 | +91.0% |
| Recurring financial income | 75 | €2,965 | €5,665 | +€2,700 | +91.0% |
| Financial charges | 65/66B | €3,140 | €3,140 | -€0 | 0.0% |
| Recurring financial charges | 65 | €3,140 | €3,140 | -€0 | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €5,899 | €144,747 | +€138,847 | +2,354% |
| Profit (loss) for the period | 9904 | €5,899 | €144,747 | +€138,847 | +2,354% |
| Profit (loss) for the period to be appropriated | 9905 | €5,899 | €144,747 | +€138,847 | +2,354% |
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 13 October 2026 via checked.be.