KWIZINE: 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.
KWIZINE
Largest movements
- Stocks and contracts +€37,866
up €37,866 (+65.8%), from €57,519 to €95,385
- Intangible fixed assets -€30,000
down €30,000 (-16.7%), from €179,919 to €149,919
- Tangible fixed assets -€19,859
down €19,859 (-66.4%), from €29,904 to €10,045
- Cash -€16,957
down €16,957 (-65.4%), from €25,933 to €8,976
mainly Net result for the year (-€48,500) and Current portion of long-term debt (-€38,114)
- Receivables within one year -€10,276
down €10,276 (-14.6%), from €70,616 to €60,340
of which Trade receivables: -€10,349
- Debts after one year +€66,856
up €66,856 (+67.2%), from €99,464 to €166,321
of which Other amounts payable: +€79,856
- Profit (loss) carried forward -€48,500
down €48,500 (-45.7%), from -€106,073 to -€154,573
- Current portion of long-term debt -€38,114
down €38,114 (-100%), from €38,114 to €0
- Trade debts -€20,123
down €20,123 (-13.0%), from €154,740 to €134,617
- Gross operating margin +€7,025
up €7,025 (+12.4%), from €56,777 to €63,802
- Staff costs +€1,928
up €1,928 (+4.0%), from €48,809 to €50,737
- Other operating charges +€983
up €983 (+91.7%), from €1,072 to €2,055
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 | €365,603 | €326,504 | -€39,099 | -10.7% |
| Fixed assets | 21/28 | €209,822 | €159,963 | -€49,859 | -23.8% |
| Intangible fixed assets | 21 | €179,919 | €149,919 | -€30,000 | -16.7% |
| Tangible fixed assets | 22/27 | €29,904 | €10,045 | -€19,859 | -66.4% |
| Plant, machinery and equipment | 23 | €17,026 | €7,603 | -€9,423 | -55.3% |
| Furniture and vehicles | 24 | €3,816 | €2,442 | -€1,375 | -36.0% |
| Leasing and similar rights | 25 | €8,563 | €0 | -€8,563 | -100% |
| Other tangible fixed assets | 26 | €499 | €0 | -€499 | -100% |
| Current assets | 29/58 | €155,781 | €166,541 | +€10,760 | +6.9% |
| Stocks and contracts in progress | 3 | €57,519 | €95,385 | +€37,866 | +65.8% |
| Stocks | 30/36 | €57,519 | €95,385 | +€37,866 | +65.8% |
| Amounts receivable within one year | 40/41 | €70,616 | €60,340 | -€10,276 | -14.6% |
| Trade receivables | 40 | €70,568 | €60,219 | -€10,349 | -14.7% |
| Other amounts receivable | 41 | €48 | €121 | +€73 | +154% |
| Cash at bank and in hand | 54/58 | €25,933 | €8,976 | -€16,957 | -65.4% |
| Deferred charges and accrued income | 490/1 | €1,713 | €1,840 | +€127 | +7.4% |
| Total equity and liabilities | 10/49 | €365,603 | €326,504 | -€39,099 | -10.7% |
| Equity | 10/15 | €23,927 | -€24,573 | -€48,500 | |
| Contributions | 10/11 | €130,000 | €130,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€106,073 | -€154,573 | -€48,500 | -45.7% |
| Amounts payable | 17/49 | €341,676 | €351,078 | +€9,401 | +2.8% |
| Amounts payable after more than one year | 17 | €99,464 | €166,321 | +€66,856 | +67.2% |
| Financial debts | 170/4 | €60,000 | €47,000 | -€13,000 | -21.7% |
| Other amounts payable | 178/9 | €39,464 | €119,321 | +€79,856 | +202% |
| Amounts payable within one year | 42/48 | €242,212 | €184,757 | -€57,455 | -23.7% |
| Current portion of amounts payable after more than one year | 42 | €38,114 | €0 | -€38,114 | -100% |
| Financial debts | 43 | €41,259 | €40,422 | -€837 | -2.0% |
| Credit institutions | 430/8 | €41,259 | €40,422 | -€837 | -2.0% |
| Trade debts | 44 | €154,740 | €134,617 | -€20,123 | -13.0% |
| Suppliers | 440/4 | €154,740 | €134,617 | -€20,123 | -13.0% |
| Taxes, remuneration and social security | 45 | €8,100 | €9,718 | +€1,618 | +20.0% |
| Taxes | 450/3 | €714 | €2,061 | +€1,346 | +188% |
| Remuneration and social security | 454/9 | €7,385 | €7,657 | +€272 | +3.7% |
| Remuneration, social security and pensions | 62 | €48,809 | €50,737 | +€1,928 | +4.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,167 | €51,595 | +€428 | +0.8% |
| Other operating charges | 640/8 | €1,072 | €2,055 | +€983 | +91.7% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €56,777 | €63,802 | +€7,025 | +12.4% |
| Operating profit (loss) | 9901 | -€44,271 | -€40,586 | +€3,685 | +8.3% |
| Financial income | 75/76B | €116 | €519 | +€403 | +347% |
| Recurring financial income | 75 | €116 | €519 | +€403 | +347% |
| Financial charges | 65/66B | €8,232 | €8,285 | +€53 | +0.6% |
| Recurring financial charges | 65 | €8,232 | €8,285 | +€53 | +0.6% |
| Profit (loss) for the period before taxes | 9903 | -€52,386 | -€48,352 | +€4,035 | +7.7% |
| Income taxes | 67/77 | €116 | €148 | +€32 | +27.4% |
| Profit (loss) for the period | 9904 | -€52,503 | -€48,500 | +€4,003 | +7.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€52,503 | -€48,500 | +€4,003 | +7.6% |
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 23 October 2026 via checked.be.