CVDS KINE: 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.
CVDS KINE
Largest movements
- Cash +€69,241
up €69,241 (+40.3%), from €171,691 to €240,933
mainly Net result for the year (+€79,845) and Receivables within one year (+€45,690)
- Receivables within one year -€45,690
down €45,690 (-75.4%), from €60,566 to €14,876
of which Trade receivables: -€48,973
- Tangible fixed assets -€5,039
down €5,039 (-4.1%), from €124,277 to €119,238
of which Furniture and vehicles: -€18,541
- Reserves +€313,553
new in 2025: €313,553
- Profit (loss) carried forward -€253,707
no longer reported in 2025 (was €253,707)
- Tax, wage and social debts -€33,162
down €33,162 (-85.8%), from €38,642 to €5,480
- Debts after one year -€13,000
down €13,000 (-40.0%), from €32,500 to €19,500
- Other debts +€7,807
up €7,807 (+15,835%), from €49 to €7,856
- Depreciation +€3,108
up €3,108 (+11.2%), from €27,732 to €30,840
- Gross operating margin +€2,931
up €2,931 (+2.2%), from €133,975 to €136,906
- Taxes -€2,303
down €2,303 (-10.8%), from €21,423 to €19,120
- Other operating charges +€1,471
up €1,471 (+49.9%), from €2,947 to €4,418
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 | €358,055 | €375,266 | +€17,211 | +4.8% |
| Fixed assets | 21/28 | €124,277 | €119,238 | -€5,039 | -4.1% |
| Tangible fixed assets | 22/27 | €124,277 | €119,238 | -€5,039 | -4.1% |
| Land and buildings | 22 | €50,232 | €43,522 | -€6,710 | -13.4% |
| Plant, machinery and equipment | 23 | €11,382 | €24,546 | +€13,165 | +116% |
| Furniture and vehicles | 24 | €62,663 | €44,122 | -€18,541 | -29.6% |
| Other tangible fixed assets | 26 | - | €7,047 | +€7,047 | |
| Current assets | 29/58 | €233,778 | €256,029 | +€22,250 | +9.5% |
| Amounts receivable within one year | 40/41 | €60,566 | €14,876 | -€45,690 | -75.4% |
| Trade receivables | 40 | €60,566 | €11,593 | -€48,973 | -80.9% |
| Other amounts receivable | 41 | - | €3,283 | +€3,283 | |
| Cash at bank and in hand | 54/58 | €171,691 | €240,933 | +€69,241 | +40.3% |
| Deferred charges and accrued income | 490/1 | €1,521 | €220 | -€1,301 | -85.5% |
| Total equity and liabilities | 10/49 | €358,055 | €375,266 | +€17,211 | +4.8% |
| Equity | 10/15 | €261,767 | €321,613 | +€59,845 | +22.9% |
| Contributions | 10/11 | €8,060 | €8,060 | = | 0.0% |
| Reserves | 13 | - | €313,553 | +€313,553 | |
| Distributable reserves | 133 | - | €313,553 | +€313,553 | |
| Profit (loss) carried forward | 14 | €253,707 | - | -€253,707 | |
| Amounts payable | 17/49 | €96,288 | €53,654 | -€42,634 | -44.3% |
| Amounts payable after more than one year | 17 | €32,500 | €19,500 | -€13,000 | -40.0% |
| Financial debts | 170/4 | €32,500 | €19,500 | -€13,000 | -40.0% |
| Amounts payable within one year | 42/48 | €63,438 | €34,154 | -€29,284 | -46.2% |
| Current portion of amounts payable after more than one year | 42 | €18,941 | €18,930 | -€11 | -0.1% |
| Trade debts | 44 | €5,805 | €1,888 | -€3,918 | -67.5% |
| Suppliers | 440/4 | €5,805 | €1,888 | -€3,918 | -67.5% |
| Taxes, remuneration and social security | 45 | €38,642 | €5,480 | -€33,162 | -85.8% |
| Taxes | 450/3 | €38,642 | €5,480 | -€33,162 | -85.8% |
| Other amounts payable | 47/48 | €49 | €7,856 | +€7,807 | +15,835% |
| Accrued charges and deferred income | 492/3 | €350 | - | -€350 | |
| Remuneration, social security and pensions | 62 | - | €762 | +€762 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,732 | €30,840 | +€3,108 | +11.2% |
| Other operating charges | 640/8 | €2,947 | €4,418 | +€1,471 | +49.9% |
| Gross operating margin | 9900 | €133,975 | €136,906 | +€2,931 | +2.2% |
| Operating profit (loss) | 9901 | €103,297 | €100,887 | -€2,410 | -2.3% |
| Financial income | 75/76B | €146 | €711 | +€565 | +386% |
| Recurring financial income | 75 | €146 | €711 | +€565 | +386% |
| Financial charges | 65/66B | €3,385 | €2,633 | -€753 | -22.2% |
| Recurring financial charges | 65 | €3,385 | €2,633 | -€753 | -22.2% |
| Profit (loss) for the period before taxes | 9903 | €100,058 | €98,965 | -€1,093 | -1.1% |
| Income taxes | 67/77 | €21,423 | €19,120 | -€2,303 | -10.8% |
| Profit (loss) for the period | 9904 | €78,634 | €79,845 | +€1,211 | +1.5% |
| Profit (loss) for the period to be appropriated | 9905 | €78,634 | €79,845 | +€1,211 | +1.5% |
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 26 October 2026 via checked.be.