K.I.C.V.V.: 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.
K.I.C.V.V.
Largest movements
- Cash -€93,290
down €93,290 (-94.1%), from €99,147 to €5,856
mainly Other debts (-€138,271) and Accrued charges and deferred income (-€35,940)
- Receivables within one year -€83,533
down €83,533 (-83.8%), from €99,680 to €16,147
of which Other amounts receivable: -€82,695
- Deferred charges and accrued income -€4,604
no longer reported in 2025 (was €4,604)
- Tangible fixed assets -€2,534
down €2,534 (-10.7%), from €23,604 to €21,070
of which Furniture and vehicles: -€1,556
- Other debts -€138,271
down €138,271 (-80.3%), from €172,112 to €33,841
- Profit (loss) carried forward +€36,898
up €36,898 (+28.2%), from -€130,722 to -€93,824
- Accrued charges and deferred income -€35,940
no longer reported in 2025 (was €35,940)
- Trade debts -€21,175
down €21,175 (-31.9%), from €66,372 to €45,197
- Current portion of long-term debt -€12,947
down €12,947 (-77.6%), from €16,680 to €3,733
- Gross operating margin +€57,803
up €57,803 (+45.2%), from €127,913 to €185,716
- Staff costs +€4,273
up €4,273 (+3.4%), from €125,643 to €129,917
- Other operating charges +€3,370
up €3,370 (+68.7%), from €4,906 to €8,277
- Financial charges +€2,096
up €2,096 (+98.5%), from €2,127 to €4,223
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 | €235,990 | €51,229 | -€184,761 | -78.3% |
| Fixed assets | 21/28 | €32,559 | €29,225 | -€3,334 | -10.2% |
| Tangible fixed assets | 22/27 | €23,604 | €21,070 | -€2,534 | -10.7% |
| Land and buildings | 22 | €145 | - | -€145 | |
| Plant, machinery and equipment | 23 | €1,634 | €1,560 | -€74 | -4.5% |
| Furniture and vehicles | 24 | €17,776 | €16,220 | -€1,556 | -8.8% |
| Leasing and similar rights | 25 | €3,948 | €3,290 | -€658 | -16.7% |
| Other tangible fixed assets | 26 | €102 | - | -€102 | |
| Financial fixed assets | 28 | €8,955 | €8,155 | -€800 | -8.9% |
| Current assets | 29/58 | €203,430 | €22,003 | -€181,427 | -89.2% |
| Amounts receivable within one year | 40/41 | €99,680 | €16,147 | -€83,533 | -83.8% |
| Trade receivables | 40 | €7,916 | €7,079 | -€838 | -10.6% |
| Other amounts receivable | 41 | €91,764 | €9,068 | -€82,695 | -90.1% |
| Cash at bank and in hand | 54/58 | €99,147 | €5,856 | -€93,290 | -94.1% |
| Deferred charges and accrued income | 490/1 | €4,604 | - | -€4,604 | |
| Total equity and liabilities | 10/49 | €235,990 | €51,229 | -€184,761 | -78.3% |
| Equity | 10/15 | -€110,262 | -€73,364 | +€36,898 | +33.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | - | -€18,600 | |
| Issued capital | 100 | €18,600 | - | -€18,600 | |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Legal reserve | 130 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | - | €1,860 | +€1,860 | |
| Profit (loss) carried forward | 14 | -€130,722 | -€93,824 | +€36,898 | +28.2% |
| Amounts payable | 17/49 | €346,252 | €124,593 | -€221,659 | -64.0% |
| Amounts payable after more than one year | 17 | €2,500 | - | -€2,500 | |
| Financial debts | 170/4 | €2,500 | - | -€2,500 | |
| Amounts payable within one year | 42/48 | €307,812 | €124,593 | -€183,219 | -59.5% |
| Current portion of amounts payable after more than one year | 42 | €16,680 | €3,733 | -€12,947 | -77.6% |
| Financial debts | 43 | €5,762 | €7 | -€5,755 | -99.9% |
| Credit institutions | 430/8 | €5,762 | €7 | -€5,755 | -99.9% |
| Trade debts | 44 | €66,372 | €45,197 | -€21,175 | -31.9% |
| Suppliers | 440/4 | €66,372 | €45,197 | -€21,175 | -31.9% |
| Taxes, remuneration and social security | 45 | €46,886 | €41,814 | -€5,072 | -10.8% |
| Taxes | 450/3 | €17,474 | €19,538 | +€2,064 | +11.8% |
| Remuneration and social security | 454/9 | €29,412 | €22,276 | -€7,136 | -24.3% |
| Other amounts payable | 47/48 | €172,112 | €33,841 | -€138,271 | -80.3% |
| Accrued charges and deferred income | 492/3 | €35,940 | - | -€35,940 | |
| Remuneration, social security and pensions | 62 | €125,643 | €129,917 | +€4,273 | +3.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,296 | €6,801 | +€1,505 | +28.4% |
| Other operating charges | 640/8 | €4,906 | €8,277 | +€3,370 | +68.7% |
| Gross operating margin | 9900 | €127,913 | €185,716 | +€57,803 | +45.2% |
| Operating profit (loss) | 9901 | -€7,933 | €40,722 | +€48,655 | |
| Financial income | 75/76B | €1 | €400 | +€399 | +53,240% |
| Recurring financial income | 75 | €1 | €400 | +€399 | +53,240% |
| Financial charges | 65/66B | €2,127 | €4,223 | +€2,096 | +98.5% |
| Recurring financial charges | 65 | €2,127 | €4,223 | +€2,096 | +98.5% |
| Profit (loss) for the period before taxes | 9903 | -€10,060 | €36,898 | +€46,958 | |
| Profit (loss) for the period | 9904 | -€10,060 | €36,898 | +€46,958 | |
| Profit (loss) for the period to be appropriated | 9905 | -€10,060 | €36,898 | +€46,958 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.