KWZ & Partners: 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.
KWZ & Partners
Largest movements
- Intangible fixed assets -€17,550
down €17,550 (-16.7%), from €105,300 to €87,750
- Formation expenses -€16,152
no longer reported in 2022 (was €16,152)
- Receivables within one year -€4,299
no longer reported in 2022 (was €4,299)
- Tangible fixed assets +€3,441
new in 2022: €3,441
- Debts after one year -€22,060
down €22,060 (-22.2%), from €99,450 to €77,390
- Profit (loss) carried forward -€17,534
down €17,534 (-34.0%), from -€51,625 to -€69,159
- Debts within one year +€5,063
up €5,063 (+7.1%), from €71,725 to €76,788
of which Other debts: +€69,086
- Gross operating margin +€15,901
up €15,901, from -€6,432 to €9,469
- Financial charges +€2,830
new in 2022: €2,830
- Taxes -€500
no longer reported in 2022 (was €500)
- Depreciation +€430
up €430 (+3.8%), from €11,234 to €11,664
- Other operating charges +€348
new in 2022: €348
From the 2019 result to the 2022 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
A cash bridge needs two consecutive fiscal years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2019 | 2022 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €125,750 | €91,219 | -€34,531 | -27.5% |
| Formation expenses | 20 | €16,152 | - | -€16,152 | |
| Fixed assets | 21/28 | €105,300 | €91,191 | -€14,109 | -13.4% |
| Intangible fixed assets | 21 | €105,300 | €87,750 | -€17,550 | -16.7% |
| Tangible fixed assets | 22/27 | - | €3,441 | +€3,441 | |
| Plant, machinery and equipment | 23 | - | €3,441 | +€3,441 | |
| Current assets | 29/58 | €4,299 | €28 | -€4,271 | -99.4% |
| Amounts receivable within one year | 40/41 | €4,299 | - | -€4,299 | |
| Cash at bank and in hand | 54/58 | - | €28 | +€28 | |
| Total equity and liabilities | 10/49 | €125,750 | €91,219 | -€34,531 | -27.5% |
| Equity | 10/15 | -€45,425 | -€62,959 | -€17,534 | -38.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€51,625 | -€69,159 | -€17,534 | -34.0% |
| Amounts payable | 17/49 | €171,175 | €154,178 | -€16,997 | -9.9% |
| Amounts payable after more than one year | 17 | €99,450 | €77,390 | -€22,060 | -22.2% |
| Financial debts | 170/4 | - | €77,390 | +€77,390 | |
| Amounts payable within one year | 42/48 | €71,725 | €76,788 | +€5,063 | +7.1% |
| Current portion of amounts payable after more than one year | 42 | - | €7,702 | +€7,702 | |
| Trade debts | 44 | €859 | - | -€859 | |
| Other amounts payable | 47/48 | - | €69,086 | +€69,086 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,234 | €11,664 | +€430 | +3.8% |
| Other operating charges | 640/8 | - | €348 | +€348 | |
| Gross operating margin | 9900 | -€6,432 | €9,469 | +€15,901 | |
| Operating profit (loss) | 9901 | -€18,020 | -€2,543 | +€15,477 | +85.9% |
| Financial charges | 65/66B | - | €2,830 | +€2,830 | |
| Recurring financial charges | 65 | €2,658 | €2,830 | +€173 | +6.5% |
| Profit (loss) for the period before taxes | 9903 | -€20,678 | -€5,373 | +€15,305 | +74.0% |
| Income taxes | 67/77 | €500 | - | -€500 | |
| Profit (loss) for the period | 9904 | -€21,178 | -€5,373 | +€15,805 | +74.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€21,178 | -€5,373 | +€15,805 | +74.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2019 and 31 December 2022. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.