KWORIS: 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.
KWORIS
Largest movements
- Current investments +€143,458
up €143,458 (+10.1%), from €1.4m to €1.6m
- Receivables within one year -€31,549
down €31,549 (-53.7%), from €58,774 to €27,225
- Cash +€28,112
up €28,112 (+98.6%), from €28,521 to €56,633
mainly Net result for the year (+€154,668) and Receivables within one year (+€31,549)
- Reserves +€154,668
up €154,668 (+10.5%), from €1.5m to €1.6m
- Tax, wage and social debts -€18,798
down €18,798 (-70.1%), from €26,800 to €8,002
- Gross operating margin +€39,926
up €39,926 (+21.2%), from €187,993 to €227,919
- Taxes +€13,197
up €13,197 (+21.9%), from €60,156 to €73,353
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 | €1,512,799 | €1,652,307 | +€139,507 | +9.2% |
| Fixed assets | 21/28 | €1,243 | €685 | -€558 | -44.9% |
| Tangible fixed assets | 22/27 | €1,243 | €685 | -€558 | -44.9% |
| Plant, machinery and equipment | 23 | €838 | €670 | -€168 | -20.0% |
| Furniture and vehicles | 24 | €406 | €15 | -€391 | -96.3% |
| Current assets | 29/58 | €1,511,556 | €1,651,622 | +€140,066 | +9.3% |
| Amounts receivable within one year | 40/41 | €58,774 | €27,225 | -€31,549 | -53.7% |
| Trade receivables | 40 | €58,774 | €27,225 | -€31,549 | -53.7% |
| Current investments | 50/53 | €1,422,035 | €1,565,493 | +€143,458 | +10.1% |
| Cash at bank and in hand | 54/58 | €28,521 | €56,633 | +€28,112 | +98.6% |
| Deferred charges and accrued income | 490/1 | €2,226 | €2,270 | +€44 | +2.0% |
| Total equity and liabilities | 10/49 | €1,512,799 | €1,652,307 | +€139,507 | +9.2% |
| Equity | 10/15 | €1,469,064 | €1,623,732 | +€154,668 | +10.5% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €1,467,064 | €1,621,732 | +€154,668 | +10.5% |
| Distributable reserves | 133 | €1,467,064 | €1,621,732 | +€154,668 | +10.5% |
| Amounts payable | 17/49 | €43,736 | €28,575 | -€15,161 | -34.7% |
| Amounts payable within one year | 42/48 | €43,736 | €28,575 | -€15,161 | -34.7% |
| Trade debts | 44 | €3,525 | €5,402 | +€1,877 | +53.2% |
| Suppliers | 440/4 | €3,525 | €5,402 | +€1,877 | +53.2% |
| Taxes, remuneration and social security | 45 | €26,800 | €8,002 | -€18,798 | -70.1% |
| Taxes | 450/3 | €26,800 | €8,002 | -€18,798 | -70.1% |
| Other amounts payable | 47/48 | €13,410 | €15,171 | +€1,761 | +13.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €839 | €558 | -€281 | -33.5% |
| Other operating charges | 640/8 | €341 | €693 | +€352 | +103.1% |
| Gross operating margin | 9900 | €187,993 | €227,919 | +€39,926 | +21.2% |
| Operating profit (loss) | 9901 | €186,813 | €226,668 | +€39,856 | +21.3% |
| Financial income | 75/76B | €2,168 | €3,914 | +€1,746 | +80.5% |
| Recurring financial income | 75 | €2,168 | €3,914 | +€1,746 | +80.5% |
| Financial charges | 65/66B | €2,212 | €2,561 | +€349 | +15.8% |
| Recurring financial charges | 65 | €2,212 | €2,561 | +€349 | +15.8% |
| Profit (loss) for the period before taxes | 9903 | €186,769 | €228,021 | +€41,252 | +22.1% |
| Income taxes | 67/77 | €60,156 | €73,353 | +€13,197 | +21.9% |
| Profit (loss) for the period | 9904 | €126,613 | €154,668 | +€28,055 | +22.2% |
| Profit (loss) for the period to be appropriated | 9905 | €126,613 | €154,668 | +€28,055 | +22.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.