X-KWISIT: 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.
X-KWISIT
Largest movements
- Tangible fixed assets -€13,220
down €13,220 (-7.8%), from €170,084 to €156,864
of which Plant, machinery and equipment: -€7,145
- Cash +€2,910
up €2,910 (+53.0%), from €5,488 to €8,398
mainly Depreciation (+€19,309) and Other debts (+€18,510)
- Debts after one year -€24,768
down €24,768 (-16.8%), from €147,155 to €122,387
- Other debts +€18,510
up €18,510 (+27.1%), from €68,283 to €86,793
- Profit (loss) carried forward -€7,912
down €7,912 (-16.7%), from -€47,382 to -€55,294
- Trade debts +€2,909
up €2,909 (+47.4%), from €6,137 to €9,047
- Current portion of long-term debt +€2,454
up €2,454 (+12.1%), from €20,314 to €22,768
- Gross operating margin -€13,951
down €13,951 (-39.8%), from €35,092 to €21,141
- Other operating charges +€2,435
up €2,435 (+138%), from €1,770 to €4,205
- Financial income -€2,413
down €2,413 (-97.2%), from €2,483 to €70
- Depreciation +€2,117
up €2,117 (+12.3%), from €17,192 to €19,309
- Financial charges -€408
down €408 (-6.8%), from €6,017 to €5,609
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 | €215,215 | €206,582 | -€8,633 | -4.0% |
| Fixed assets | 21/28 | €170,084 | €156,864 | -€13,220 | -7.8% |
| Tangible fixed assets | 22/27 | €170,084 | €156,864 | -€13,220 | -7.8% |
| Land and buildings | 22 | €78,247 | €72,172 | -€6,075 | -7.8% |
| Plant, machinery and equipment | 23 | €91,837 | €84,692 | -€7,145 | -7.8% |
| Current assets | 29/58 | €45,131 | €49,718 | +€4,587 | +10.2% |
| Stocks and contracts in progress | 3 | €28,890 | €30,281 | +€1,391 | +4.8% |
| Stocks | 30/36 | €28,890 | €30,281 | +€1,391 | +4.8% |
| Amounts receivable within one year | 40/41 | €10,307 | €9,133 | -€1,174 | -11.4% |
| Trade receivables | 40 | €6,482 | €4,904 | -€1,578 | -24.3% |
| Other amounts receivable | 41 | €3,825 | €4,230 | +€405 | +10.6% |
| Cash at bank and in hand | 54/58 | €5,488 | €8,398 | +€2,910 | +53.0% |
| Deferred charges and accrued income | 490/1 | €446 | €1,906 | +€1,460 | +327% |
| Total equity and liabilities | 10/49 | €215,215 | €206,582 | -€8,633 | -4.0% |
| Equity | 10/15 | -€27,382 | -€35,294 | -€7,912 | -28.9% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€47,382 | -€55,294 | -€7,912 | -16.7% |
| Amounts payable | 17/49 | €242,597 | €241,876 | -€721 | -0.3% |
| Amounts payable after more than one year | 17 | €147,155 | €122,387 | -€24,768 | -16.8% |
| Financial debts | 170/4 | €147,155 | €122,387 | -€24,768 | -16.8% |
| Amounts payable within one year | 42/48 | €94,734 | €118,607 | +€23,873 | +25.2% |
| Current portion of amounts payable after more than one year | 42 | €20,314 | €22,768 | +€2,454 | +12.1% |
| Trade debts | 44 | €6,137 | €9,047 | +€2,909 | +47.4% |
| Suppliers | 440/4 | €6,137 | €9,047 | +€2,909 | +47.4% |
| Other amounts payable | 47/48 | €68,283 | €86,793 | +€18,510 | +27.1% |
| Accrued charges and deferred income | 492/3 | €708 | €882 | +€174 | +24.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,192 | €19,309 | +€2,117 | +12.3% |
| Other operating charges | 640/8 | €1,770 | €4,205 | +€2,435 | +138% |
| Gross operating margin | 9900 | €35,092 | €21,141 | -€13,951 | -39.8% |
| Operating profit (loss) | 9901 | €16,130 | -€2,374 | -€18,503 | |
| Financial income | 75/76B | €2,483 | €70 | -€2,413 | -97.2% |
| Recurring financial income | 75 | €2,483 | €70 | -€2,413 | -97.2% |
| Financial charges | 65/66B | €6,017 | €5,609 | -€408 | -6.8% |
| Recurring financial charges | 65 | €6,017 | €5,609 | -€408 | -6.8% |
| Profit (loss) for the period before taxes | 9903 | €12,596 | -€7,912 | -€20,508 | |
| Profit (loss) for the period | 9904 | €12,596 | -€7,912 | -€20,508 | |
| Profit (loss) for the period to be appropriated | 9905 | €12,596 | -€7,912 | -€20,508 |
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 15 October 2026 via checked.be.