K.V.E. INVEST: what changed
What changed
K.V.E. INVEST
filed annual accounts (NBB)
Net result for the year
€6,934
2024 · -€6,843+€13,776
Equity
€10,091
2024 · €3,157+€6,934
Cash
€4,906
2024 · €10,524-€5,618
Balance sheet total
€2.0m
2024 · €124,509+€1.9m
Largest movements
Assets
- Financial fixed assets +€1.9m
new in 2025: €1.9m
Equity and liabilities
- Other debts +€1.9m
up €1.9m (+8,901%), from €21,352 to €1.9m
Income statement
- Gross operating margin +€18,198
up €18,198, from -€3,760 to €14,438
- Depreciation +€2,894
up €2,894 (+427%), from €678 to €3,572
- Financial charges +€2,091
up €2,091 (+172%), from €1,216 to €3,307
- Other operating charges +€601
new in 2025: €601
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€6,843
Gross operating margin
+€18,198
Depreciation
-€2,894
Other operating charges
-€601
Other operating items
+€1,189
Financial income
-€0
Financial charges
-€2,091
Taxes
-€25
Result 2025
€6,934
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€1.9m
Investment
-€1.9m
Financing
-€16,750
Cash 2024
€10,524
From operations (derived)
+€1.9m
Net result for the year
+€6,934
Depreciation
+€3,572
Tax, wage and social debts
+€25
Other debts
+€1.9m
Investment (derived)
-€1.9m
Investment in fixed assets (net)
-€1.9m
Financing
-€16,750
Debts after one year
-€17,111
Current portion of long-term debt
+€361
Cash 2025
€4,906
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €124,509 | €2,015,319 | +€1.9m | +1,519% |
| Fixed assets | 21/28 | €113,985 | €2,010,413 | +€1.9m | +1,664% |
| Tangible fixed assets | 22/27 | €113,985 | €110,413 | -€3,572 | -3.1% |
| Land and buildings | 22 | €113,985 | €110,413 | -€3,572 | -3.1% |
| Financial fixed assets | 28 | - | €1,900,000 | +€1.9m | |
| Current assets | 29/58 | €10,524 | €4,906 | -€5,618 | -53.4% |
| Cash at bank and in hand | 54/58 | €10,524 | €4,906 | -€5,618 | -53.4% |
| Total equity and liabilities | 10/49 | €124,509 | €2,015,319 | +€1.9m | +1,519% |
| Equity | 10/15 | €3,157 | €10,091 | +€6,934 | +220% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,843 | €91 | +€6,934 | |
| Amounts payable | 17/49 | €121,352 | €2,005,228 | +€1.9m | +1,552% |
| Amounts payable after more than one year | 17 | €80,750 | €63,640 | -€17,111 | -21.2% |
| Financial debts | 170/4 | €80,750 | €63,640 | -€17,111 | -21.2% |
| Amounts payable within one year | 42/48 | €40,602 | €1,941,588 | +€1.9m | +4,682% |
| Current portion of amounts payable after more than one year | 42 | €19,250 | €19,611 | +€361 | +1.9% |
| Taxes, remuneration and social security | 45 | - | €25 | +€25 | |
| Taxes | 450/3 | - | €25 | +€25 | |
| Other amounts payable | 47/48 | €21,352 | €1,921,953 | +€1.9m | +8,901% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €678 | €3,572 | +€2,894 | +427% |
| Other operating charges | 640/8 | - | €601 | +€601 | |
| Non-recurring operating charges | 66A | €1,189 | - | -€1,189 | |
| Gross operating margin | 9900 | -€3,760 | €14,438 | +€18,198 | |
| Operating profit (loss) | 9901 | -€5,627 | €10,265 | +€15,892 | |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €1,216 | €3,307 | +€2,091 | +172% |
| Recurring financial charges | 65 | €1,216 | €3,307 | +€2,091 | +172% |
| Profit (loss) for the period before taxes | 9903 | -€6,843 | €6,958 | +€13,801 | |
| Income taxes | 67/77 | - | €25 | +€25 | |
| Profit (loss) for the period | 9904 | -€6,843 | €6,934 | +€13,776 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,843 | €6,934 | +€13,776 |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.