KWL TECHNOLOGIES: 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.
KWL TECHNOLOGIES
Largest movements
- Cash +€48,515
up €48,515 (+73.4%), from €66,106 to €114,622
mainly Net result for the year (+€37,260) and Receivables within one year (+€14,619)
- Receivables within one year -€14,619
down €14,619 (-25.0%), from €58,396 to €43,777
of which Trade receivables: -€16,343
- Deferred charges and accrued income +€10,022
up €10,022 (+291%), from €3,446 to €13,468
- Reserves +€36,000
up €36,000 (+7,200%), from €500 to €36,500
- Tax, wage and social debts +€8,267
up €8,267 (+34.7%), from €23,804 to €32,071
- Purchases and services +€24,788
up €24,788 (+22.2%), from €111,791 to €136,579
- Turnover +€18,401
up €18,401 (+10.7%), from €172,676 to €191,077
- Gross operating margin -€5,358
down €5,358 (-8.6%), from €62,179 to €56,821
- Staff costs +€1,924
up €1,924 (+91.8%), from €2,096 to €4,020
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 | €128,050 | €171,967 | +€43,917 | +34.3% |
| Fixed assets | 21/28 | €101 | €101 | = | 0.0% |
| Financial fixed assets | 28 | €101 | €101 | = | 0.0% |
| Current assets | 29/58 | €127,949 | €171,866 | +€43,917 | +34.3% |
| Amounts receivable within one year | 40/41 | €58,396 | €43,777 | -€14,619 | -25.0% |
| Trade receivables | 40 | €16,425 | €82 | -€16,343 | -99.5% |
| Other amounts receivable | 41 | €41,971 | €43,695 | +€1,724 | +4.1% |
| Cash at bank and in hand | 54/58 | €66,106 | €114,622 | +€48,515 | +73.4% |
| Deferred charges and accrued income | 490/1 | €3,446 | €13,468 | +€10,022 | +291% |
| Total equity and liabilities | 10/49 | €128,050 | €171,967 | +€43,917 | +34.3% |
| Equity | 10/15 | €93,577 | €130,837 | +€37,260 | +39.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €500 | €36,500 | +€36,000 | +7,200% |
| Distributable reserves | 133 | €500 | €36,500 | +€36,000 | +7,200% |
| Profit (loss) carried forward | 14 | €88,077 | €89,337 | +€1,260 | +1.4% |
| Amounts payable | 17/49 | €34,473 | €41,130 | +€6,657 | +19.3% |
| Amounts payable within one year | 42/48 | €34,473 | €41,130 | +€6,657 | +19.3% |
| Trade debts | 44 | €10,668 | €9,059 | -€1,610 | -15.1% |
| Suppliers | 440/4 | €711 | €9,059 | +€8,348 | +1,175% |
| Bills of exchange payable | 441 | €9,957 | - | -€9,957 | |
| Taxes, remuneration and social security | 45 | €23,804 | €32,071 | +€8,267 | +34.7% |
| Taxes | 450/3 | €23,804 | €32,071 | +€8,267 | +34.7% |
| Turnover | 70 | €172,676 | €191,077 | +€18,401 | +10.7% |
| Goods, raw materials, services and sundry goods | 60/61 | €111,791 | €136,579 | +€24,788 | +22.2% |
| Remuneration, social security and pensions | 62 | €2,096 | €4,020 | +€1,924 | +91.8% |
| Other operating charges | 640/8 | €214 | €781 | +€567 | +265% |
| Gross operating margin | 9900 | €62,179 | €56,821 | -€5,358 | -8.6% |
| Operating profit (loss) | 9901 | €59,869 | €52,021 | -€7,849 | -13.1% |
| Financial charges | 65/66B | €173 | €160 | -€12 | -7.0% |
| Recurring financial charges | 65 | €173 | €160 | -€12 | -7.0% |
| Profit (loss) for the period before taxes | 9903 | €59,697 | €51,860 | -€7,837 | -13.1% |
| Income taxes | 67/77 | €12,709 | €14,600 | +€1,891 | +14.9% |
| Profit (loss) for the period | 9904 | €46,988 | €37,260 | -€9,728 | -20.7% |
| Profit (loss) for the period to be appropriated | 9905 | €46,988 | €37,260 | -€9,728 | -20.7% |
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 14 October 2026 via checked.be.