KWIZYNN: what changed
What changed
KWIZYNN
NACE 31.001, Manufacture of furniture
filed annual accounts (NBB)
Net result for the year
€11,362
2024 · €26,035-€14,673
Equity
€115,466
2024 · €104,104+€11,362
Cash
€79,793
2024 · €74,713+€5,080
Balance sheet total
€194,107
2024 · €217,861-€23,754
Largest movements
Assets
- Tangible fixed assets -€17,616
down €17,616 (-25.9%), from €68,019 to €50,403
of which Furniture and vehicles: -€10,069
- Receivables within one year -€6,575
down €6,575 (-44.6%), from €14,726 to €8,151
of which Trade receivables: -€7,207
- Cash +€5,080
up €5,080 (+6.8%), from €74,713 to €79,793
mainly Depreciation (+€22,958) and Net result for the year (+€11,362)
- Deferred charges and accrued income -€4,571
down €4,571 (-79.5%), from €5,750 to €1,180
Equity and liabilities
- Debts after one year -€18,634
down €18,634 (-26.7%), from €69,735 to €51,101
- Other debts -€17,494
down €17,494 (-86.1%), from €20,329 to €2,835
- Reserves +€11,362
up €11,362 (+10.9%), from €104,104 to €115,466
Income statement
- Gross operating margin -€22,416
down €22,416 (-32.1%), from €69,779 to €47,363
- Taxes -€8,290
down €8,290 (-58.2%), from €14,248 to €5,958
- Financial charges -€1,640
down €1,640 (-24.0%), from €6,847 to €5,206
- Financial income -€1,578
down €1,578 (-80.0%), from €1,972 to €394
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€26,035
Gross operating margin
-€22,416
Depreciation
-€464
Other operating charges
-€145
Financial income
-€1,578
Financial charges
+€1,640
Taxes
+€8,290
Result 2025
€11,362
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€27,882
Investment
-€5,270
Financing
-€17,532
Cash 2024
€74,713
From operations (derived)
+€27,882
Net result for the year
+€11,362
Depreciation
+€22,958
Receivables within one year
+€6,575
Deferred charges and accrued income
+€4,571
Trade debts
+€498
Tax, wage and social debts
+€149
Other debts
-€17,494
Accrued charges and deferred income
-€737
Investment (derived)
-€5,270
Investment in fixed assets (net)
-€5,342
Current investments
+€72
Financing
-€17,532
Debts after one year
-€18,634
Current portion of long-term debt
+€954
Short-term financial debts
+€148
Cash 2025
€79,793
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €217,861 | €194,107 | -€23,754 | -10.9% |
| Fixed assets | 21/28 | €68,374 | €50,758 | -€17,616 | -25.8% |
| Tangible fixed assets | 22/27 | €68,019 | €50,403 | -€17,616 | -25.9% |
| Land and buildings | 22 | €4,226 | €3,577 | -€649 | -15.4% |
| Plant, machinery and equipment | 23 | €5,319 | €8,197 | +€2,878 | +54.1% |
| Furniture and vehicles | 24 | €20,573 | €10,504 | -€10,069 | -48.9% |
| Leasing and similar rights | 25 | €37,901 | €28,125 | -€9,776 | -25.8% |
| Financial fixed assets | 28 | €355 | €355 | = | 0.0% |
| Current assets | 29/58 | €149,487 | €143,349 | -€6,138 | -4.1% |
| Stocks and contracts in progress | 3 | €1,994 | €1,994 | = | 0.0% |
| Stocks | 30/36 | €1,994 | €1,994 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €14,726 | €8,151 | -€6,575 | -44.6% |
| Trade receivables | 40 | €8,448 | €1,241 | -€7,207 | -85.3% |
| Other amounts receivable | 41 | €6,278 | €6,910 | +€632 | +10.1% |
| Current investments | 50/53 | €52,303 | €52,231 | -€72 | -0.1% |
| Cash at bank and in hand | 54/58 | €74,713 | €79,793 | +€5,080 | +6.8% |
| Deferred charges and accrued income | 490/1 | €5,750 | €1,180 | -€4,571 | -79.5% |
| Total equity and liabilities | 10/49 | €217,861 | €194,107 | -€23,754 | -10.9% |
| Equity | 10/15 | €104,104 | €115,466 | +€11,362 | +10.9% |
| Reserves | 13 | €104,104 | €115,466 | +€11,362 | +10.9% |
| Distributable reserves | 133 | €104,104 | €115,466 | +€11,362 | +10.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €113,757 | €78,641 | -€35,115 | -30.9% |
| Amounts payable after more than one year | 17 | €69,735 | €51,101 | -€18,634 | -26.7% |
| Financial debts | 170/4 | €69,735 | €51,101 | -€18,634 | -26.7% |
| Amounts payable within one year | 42/48 | €42,508 | €26,763 | -€15,745 | -37.0% |
| Current portion of amounts payable after more than one year | 42 | €17,680 | €18,634 | +€954 | +5.4% |
| Financial debts | 43 | - | €148 | +€148 | |
| Credit institutions | 430/8 | - | €148 | +€148 | |
| Trade debts | 44 | €1,674 | €2,172 | +€498 | +29.7% |
| Suppliers | 440/4 | €1,674 | €2,172 | +€498 | +29.7% |
| Taxes, remuneration and social security | 45 | €2,825 | €2,974 | +€149 | +5.3% |
| Taxes | 450/3 | €1,575 | €1,724 | +€149 | +9.5% |
| Remuneration and social security | 454/9 | €1,250 | €1,250 | = | 0.0% |
| Other amounts payable | 47/48 | €20,329 | €2,835 | -€17,494 | -86.1% |
| Accrued charges and deferred income | 492/3 | €1,514 | €777 | -€737 | -48.7% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,494 | €22,958 | +€464 | +2.1% |
| Other operating charges | 640/8 | €2,128 | €2,274 | +€145 | +6.8% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €69,779 | €47,363 | -€22,416 | -32.1% |
| Operating profit (loss) | 9901 | €45,157 | €22,131 | -€23,025 | -51.0% |
| Financial income | 75/76B | €1,972 | €394 | -€1,578 | -80.0% |
| Recurring financial income | 75 | €1,972 | €394 | -€1,578 | -80.0% |
| Financial charges | 65/66B | €6,847 | €5,206 | -€1,640 | -24.0% |
| Recurring financial charges | 65 | €6,847 | €5,206 | -€1,640 | -24.0% |
| Profit (loss) for the period before taxes | 9903 | €40,283 | €17,319 | -€22,963 | -57.0% |
| Income taxes | 67/77 | €14,248 | €5,958 | -€8,290 | -58.2% |
| Profit (loss) for the period | 9904 | €26,035 | €11,362 | -€14,673 | -56.4% |
| Profit (loss) for the period to be appropriated | 9905 | €26,035 | €11,362 | -€14,673 | -56.4% |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.