Kwokka: what changed
Two fiscal 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.
Kwokka
Largest movements
- Receivables within one year +€41,994
up €41,994 (+275.4%), from €15,246 to €57,240
of which Trade receivables: +€41,927
- Cash +€15,189
up €15,189 (+17.9%), from €84,921 to €100,110
mainly Net result for the year (+€48,858) and Other debts (+€11,909)
- Tangible fixed assets -€8,435
down €8,435 (-22.5%), from €37,482 to €29,047
- Reserves +€33,858
up €33,858 (+35.1%), from €96,585 to €130,443
- Other debts +€11,909
up €11,909 (+43.3%), from €27,523 to €39,432
- Tax, wage and social debts +€2,359
up €2,359 (+22.6%), from €10,419 to €12,778
- Depreciation +€3,744
up €3,744 (+79.8%), from €4,691 to €8,435
- Taxes -€3,169
down €3,169 (-22.5%), from €14,102 to €10,933
- Gross operating margin +€2,642
up €2,642 (+3.9%), from €68,274 to €70,915
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 | €139,506 | €187,638 | +€48,132 | +34.5% |
| Fixed assets | 21/28 | €37,482 | €29,047 | -€8,435 | -22.5% |
| Tangible fixed assets | 22/27 | €37,482 | €29,047 | -€8,435 | -22.5% |
| Furniture and vehicles | 24 | €37,482 | €29,047 | -€8,435 | -22.5% |
| Current assets | 29/58 | €102,024 | €158,591 | +€56,567 | +55.4% |
| Amounts receivable within one year | 40/41 | €15,246 | €57,240 | +€41,994 | +275.4% |
| Trade receivables | 40 | €15,246 | €57,173 | +€41,927 | +275.0% |
| Other amounts receivable | 41 | - | €67 | +€67 | |
| Cash at bank and in hand | 54/58 | €84,921 | €100,110 | +€15,189 | +17.9% |
| Deferred charges and accrued income | 490/1 | €1,857 | €1,241 | -€616 | -33.2% |
| Total equity and liabilities | 10/49 | €139,506 | €187,638 | +€48,132 | +34.5% |
| Equity | 10/15 | €98,585 | €132,443 | +€33,858 | +34.3% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €96,585 | €130,443 | +€33,858 | +35.1% |
| Distributable reserves | 133 | €96,585 | €130,443 | +€33,858 | +35.1% |
| Amounts payable | 17/49 | €40,921 | €55,195 | +€14,274 | +34.9% |
| Amounts payable within one year | 42/48 | €38,853 | €52,928 | +€14,076 | +36.2% |
| Trade debts | 44 | €911 | €719 | -€192 | -21.1% |
| Suppliers | 440/4 | €911 | €719 | -€192 | -21.1% |
| Taxes, remuneration and social security | 45 | €10,419 | €12,778 | +€2,359 | +22.6% |
| Taxes | 450/3 | €10,419 | €12,778 | +€2,359 | +22.6% |
| Other amounts payable | 47/48 | €27,523 | €39,432 | +€11,909 | +43.3% |
| Accrued charges and deferred income | 492/3 | €2,069 | €2,267 | +€198 | +9.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,691 | €8,435 | +€3,744 | +79.8% |
| Other operating charges | 640/8 | €118 | €120 | +€2 | +1.7% |
| Gross operating margin | 9900 | €68,274 | €70,915 | +€2,642 | +3.9% |
| Operating profit (loss) | 9901 | €63,465 | €62,361 | -€1,104 | -1.7% |
| Financial charges | 65/66B | €2,730 | €2,570 | -€160 | -5.9% |
| Recurring financial charges | 65 | €2,730 | €2,570 | -€160 | -5.9% |
| Profit (loss) for the period before taxes | 9903 | €60,734 | €59,791 | -€944 | -1.6% |
| Income taxes | 67/77 | €14,102 | €10,933 | -€3,169 | -22.5% |
| Profit (loss) for the period | 9904 | €46,632 | €48,858 | +€2,226 | +4.8% |
| Profit (loss) for the period to be appropriated | 9905 | €46,632 | €48,858 | +€2,226 | +4.8% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.