K&V CONSTRUCTION: 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&V CONSTRUCTION
Largest movements
- Tangible fixed assets +€77,582
up €77,582 (+152%), from €51,147 to €128,729
of which Land and buildings: +€90,000
- Receivables within one year +€21,520
up €21,520 (+37.3%), from €57,698 to €79,218
of which Trade receivables: +€16,260
- Cash -€6,894
down €6,894 (-20.5%), from €33,594 to €26,700
mainly Investment in fixed assets (net) (-€92,852) and Receivables within one year (-€21,520)
- Debts after one year +€53,540
up €53,540 (+572%), from €9,360 to €62,900
- Profit (loss) carried forward +€19,156
up €19,156 (+23.1%), from €82,830 to €101,986
- Other debts +€13,770
up €13,770 (+166%), from €8,287 to €22,057
- Accrued charges and deferred income +€5,999
new in 2025: €5,999
- Tax, wage and social debts +€5,149
up €5,149 (+25.5%), from €20,189 to €25,338
of which Remuneration and social security: +€2,742
- Gross operating margin +€89,723
up €89,723 (+84.5%), from €106,120 to €195,843
- Staff costs +€61,678
up €61,678 (+89.4%), from €68,990 to €130,667
- Other operating charges +€15,136
up €15,136 (+1,252%), from €1,209 to €16,344
- Depreciation +€6,839
up €6,839 (+81.1%), from €8,430 to €15,269
- Taxes +€5,194
up €5,194 (+76.5%), from €6,786 to €11,980
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 | €143,930 | €237,712 | +€93,782 | +65.2% |
| Fixed assets | 21/28 | €51,147 | €128,729 | +€77,582 | +152% |
| Tangible fixed assets | 22/27 | €51,147 | €128,729 | +€77,582 | +152% |
| Land and buildings | 22 | - | €90,000 | +€90,000 | |
| Plant, machinery and equipment | 23 | €4,712 | €3,607 | -€1,106 | -23.5% |
| Furniture and vehicles | 24 | €46,435 | €35,123 | -€11,312 | -24.4% |
| Current assets | 29/58 | €92,783 | €108,982 | +€16,200 | +17.5% |
| Amounts receivable within one year | 40/41 | €57,698 | €79,218 | +€21,520 | +37.3% |
| Trade receivables | 40 | €54,798 | €71,058 | +€16,260 | +29.7% |
| Other amounts receivable | 41 | €2,900 | €8,159 | +€5,259 | +181% |
| Cash at bank and in hand | 54/58 | €33,594 | €26,700 | -€6,894 | -20.5% |
| Deferred charges and accrued income | 490/1 | €1,491 | €3,065 | +€1,574 | +106% |
| Total equity and liabilities | 10/49 | €143,930 | €237,712 | +€93,782 | +65.2% |
| Equity | 10/15 | €87,830 | €106,986 | +€19,156 | +21.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €82,830 | €101,986 | +€19,156 | +23.1% |
| Amounts payable | 17/49 | €56,100 | €130,726 | +€74,626 | +133% |
| Amounts payable after more than one year | 17 | €9,360 | €62,900 | +€53,540 | +572% |
| Financial debts | 170/4 | €9,360 | €62,900 | +€53,540 | +572% |
| Amounts payable within one year | 42/48 | €46,740 | €61,827 | +€15,087 | +32.3% |
| Current portion of amounts payable after more than one year | 42 | €9,837 | €9,360 | -€478 | -4.9% |
| Trade debts | 44 | €8,426 | €5,072 | -€3,355 | -39.8% |
| Suppliers | 440/4 | €8,426 | €5,072 | -€3,355 | -39.8% |
| Taxes, remuneration and social security | 45 | €20,189 | €25,338 | +€5,149 | +25.5% |
| Taxes | 450/3 | €17,186 | €19,593 | +€2,407 | +14.0% |
| Remuneration and social security | 454/9 | €3,003 | €5,745 | +€2,742 | +91.3% |
| Other amounts payable | 47/48 | €8,287 | €22,057 | +€13,770 | +166% |
| Accrued charges and deferred income | 492/3 | - | €5,999 | +€5,999 | |
| Remuneration, social security and pensions | 62 | €68,990 | €130,667 | +€61,678 | +89.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,430 | €15,269 | +€6,839 | +81.1% |
| Other operating charges | 640/8 | €1,209 | €16,344 | +€15,136 | +1,252% |
| Gross operating margin | 9900 | €106,120 | €195,843 | +€89,723 | +84.5% |
| Operating profit (loss) | 9901 | €27,492 | €33,562 | +€6,071 | +22.1% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €978 | €2,427 | +€1,448 | +148% |
| Recurring financial charges | 65 | €978 | €2,427 | +€1,448 | +148% |
| Profit (loss) for the period before taxes | 9903 | €26,513 | €31,136 | +€4,622 | +17.4% |
| Income taxes | 67/77 | €6,786 | €11,980 | +€5,194 | +76.5% |
| Profit (loss) for the period | 9904 | €19,728 | €19,156 | -€572 | -2.9% |
| Profit (loss) for the period to be appropriated | 9905 | €19,728 | €19,156 | -€572 | -2.9% |
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.