K.V.: 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.
K.V.
Largest movements
- Receivables within one year +€52,284
up €52,284 (+261.0%), from €20,030 to €72,315
of which Trade receivables: +€51,474
- Intangible fixed assets -€23,908
down €23,908 (-14.3%), from €167,354 to €143,447
- Tangible fixed assets -€5,430
down €5,430 (-2.6%), from €209,801 to €204,371
of which Land and buildings: -€4,815
- Profit (loss) carried forward +€19,525
up €19,525 (+24.6%), from -€79,266 to -€59,742
- Depreciation -€10,055
down €10,055 (-25.5%), from €39,393 to €29,338
- Gross operating margin +€9,250
up €9,250 (+20.5%), from €45,124 to €54,374
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 | €401,814 | €422,008 | +€20,194 | +5.0% |
| Fixed assets | 21/28 | €377,155 | €347,818 | -€29,338 | -7.8% |
| Intangible fixed assets | 21 | €167,354 | €143,447 | -€23,908 | -14.3% |
| Tangible fixed assets | 22/27 | €209,801 | €204,371 | -€5,430 | -2.6% |
| Land and buildings | 22 | €209,186 | €204,371 | -€4,815 | -2.3% |
| Furniture and vehicles | 24 | €615 | - | -€615 | |
| Current assets | 29/58 | €24,659 | €74,191 | +€49,532 | +200.9% |
| Amounts receivable within one year | 40/41 | €20,030 | €72,315 | +€52,284 | +261.0% |
| Trade receivables | 40 | - | €51,474 | +€51,474 | |
| Other amounts receivable | 41 | €20,030 | €20,841 | +€811 | +4.0% |
| Cash at bank and in hand | 54/58 | €3,812 | €1,050 | -€2,762 | -72.5% |
| Deferred charges and accrued income | 490/1 | €817 | €826 | +€9 | +1.1% |
| Total equity and liabilities | 10/49 | €401,814 | €422,008 | +€20,194 | +5.0% |
| Equity | 10/15 | -€21,096 | -€2,656 | +€18,439 | +87.4% |
| Contributions | 10/11 | €56,000 | €56,000 | = | 0.0% |
| Reserves | 13 | €2,171 | €1,085 | -€1,085 | -50.0% |
| Tax-exempt reserves | 132 | €2,171 | €1,085 | -€1,085 | -50.0% |
| Profit (loss) carried forward | 14 | -€79,266 | -€59,742 | +€19,525 | +24.6% |
| Provisions and deferred taxes | 16 | €1,118 | €559 | -€559 | -50.0% |
| Deferred taxes | 168 | €1,118 | €559 | -€559 | -50.0% |
| Amounts payable | 17/49 | €421,792 | €424,106 | +€2,313 | +0.5% |
| Amounts payable within one year | 42/48 | €421,792 | €424,106 | +€2,313 | +0.5% |
| Trade debts | 44 | €1,328 | €3,642 | +€2,313 | +174.2% |
| Suppliers | 440/4 | €1,328 | €3,642 | +€2,313 | +174.2% |
| Other amounts payable | 47/48 | €420,464 | €420,464 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,393 | €29,338 | -€10,055 | -25.5% |
| Other operating charges | 640/8 | €6,360 | €6,554 | +€193 | +3.0% |
| Gross operating margin | 9900 | €45,124 | €54,374 | +€9,250 | +20.5% |
| Operating profit (loss) | 9901 | -€629 | €18,483 | +€19,112 | |
| Financial income | 75/76B | - | €2 | +€2 | |
| Recurring financial income | 75 | - | €2 | +€2 | |
| Financial charges | 65/66B | €528 | €604 | +€76 | +14.5% |
| Recurring financial charges | 65 | €528 | €604 | +€76 | +14.5% |
| Profit (loss) for the period before taxes | 9903 | -€1,157 | €17,880 | +€19,038 | |
| Transfer from deferred taxes | 780 | €559 | €559 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€598 | €18,439 | +€19,038 | |
| Transfer from tax-exempt reserves | 789 | - | €1,085 | +€1,085 | |
| Profit (loss) for the period to be appropriated | 9905 | -€598 | €19,525 | +€20,123 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.