K.V.E. systems: 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.E. systems
Largest movements
- Receivables within one year +€54,601
up €54,601 (+53.3%), from €102,389 to €156,990
of which Trade receivables: +€69,156
- Tangible fixed assets +€48,373
up €48,373 (+54.0%), from €89,534 to €137,906
of which Furniture and vehicles: +€49,221
- Cash +€24,679
up €24,679 (+369.0%), from €6,689 to €31,368
mainly Other debts (+€103,999) and Depreciation (+€55,207)
- Other debts +€103,999
up €103,999 (+82.2%), from €126,451 to €230,450
- Trade debts -€41,010
down €41,010 (-90.6%), from €45,285 to €4,274
- Tax, wage and social debts +€26,665
up €26,665 (+404.4%), from €6,594 to €33,259
of which Remuneration and social security: +€20,478
- Profit (loss) carried forward +€18,718
up €18,718, from -€18,718 to €0
- Accrued charges and deferred income +€10,646
up €10,646, from €0 to €10,646
- Gross operating margin +€119,288
up €119,288 (+54.6%), from €218,298 to €337,586
- Staff costs +€32,513
up €32,513 (+15.8%), from €206,312 to €238,826
- Depreciation +€16,704
up €16,704 (+43.4%), from €38,503 to €55,207
- Other operating charges +€12,943
up €12,943 (+1926.8%), from €672 to €13,615
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 | €216,186 | €342,847 | +€126,660 | +58.6% |
| Fixed assets | 21/28 | €89,534 | €137,906 | +€48,373 | +54.0% |
| Tangible fixed assets | 22/27 | €89,534 | €137,906 | +€48,373 | +54.0% |
| Plant, machinery and equipment | 23 | €55,523 | €54,675 | -€848 | -1.5% |
| Furniture and vehicles | 24 | €34,010 | €83,231 | +€49,221 | +144.7% |
| Current assets | 29/58 | €126,653 | €204,940 | +€78,288 | +61.8% |
| Stocks and contracts in progress | 3 | €15,000 | €15,000 | = | 0.0% |
| Stocks | 30/36 | €15,000 | €15,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €102,389 | €156,990 | +€54,601 | +53.3% |
| Trade receivables | 40 | €69,807 | €138,963 | +€69,156 | +99.1% |
| Other amounts receivable | 41 | €32,582 | €18,027 | -€14,555 | -44.7% |
| Cash at bank and in hand | 54/58 | €6,689 | €31,368 | +€24,679 | +369.0% |
| Deferred charges and accrued income | 490/1 | €2,575 | €1,582 | -€993 | -38.6% |
| Total equity and liabilities | 10/49 | €216,186 | €342,847 | +€126,660 | +58.6% |
| Equity | 10/15 | €33,064 | €59,425 | +€26,361 | +79.7% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €31,782 | €39,425 | +€7,643 | +24.0% |
| Distributable reserves | 133 | €31,782 | €39,425 | +€7,643 | +24.0% |
| Profit (loss) carried forward | 14 | -€18,718 | €0 | +€18,718 | |
| Provisions and deferred taxes | 16 | €4,793 | €4,793 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €4,793 | €4,793 | = | 0.0% |
| Other liabilities and charges | 164/5 | €4,793 | €4,793 | = | 0.0% |
| Amounts payable | 17/49 | €178,329 | €278,628 | +€100,299 | +56.2% |
| Amounts payable within one year | 42/48 | €178,329 | €267,982 | +€89,653 | +50.3% |
| Trade debts | 44 | €45,285 | €4,274 | -€41,010 | -90.6% |
| Suppliers | 440/4 | €45,285 | €4,274 | -€41,010 | -90.6% |
| Taxes, remuneration and social security | 45 | €6,594 | €33,259 | +€26,665 | +404.4% |
| Taxes | 450/3 | €686 | €6,873 | +€6,187 | +901.4% |
| Remuneration and social security | 454/9 | €5,907 | €26,385 | +€20,478 | +346.6% |
| Other amounts payable | 47/48 | €126,451 | €230,450 | +€103,999 | +82.2% |
| Accrued charges and deferred income | 492/3 | €0 | €10,646 | +€10,646 | |
| Remuneration, social security and pensions | 62 | €206,312 | €238,826 | +€32,513 | +15.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,503 | €55,207 | +€16,704 | +43.4% |
| Other operating charges | 640/8 | €672 | €13,615 | +€12,943 | +1926.8% |
| Gross operating margin | 9900 | €218,298 | €337,586 | +€119,288 | +54.6% |
| Operating profit (loss) | 9901 | -€27,189 | €29,939 | +€57,128 | |
| Financial income | 75/76B | €84 | €68 | -€16 | -18.9% |
| Recurring financial income | 75 | €84 | €68 | -€16 | -18.9% |
| Financial charges | 65/66B | €229 | €508 | +€279 | +121.9% |
| Recurring financial charges | 65 | €229 | €508 | +€279 | +121.9% |
| Profit (loss) for the period before taxes | 9903 | -€27,335 | €29,499 | +€56,833 | |
| Income taxes | 67/77 | €160 | €3,137 | +€2,977 | +1860.9% |
| Profit (loss) for the period | 9904 | -€27,495 | €26,361 | +€53,856 | |
| Profit (loss) for the period to be appropriated | 9905 | -€27,495 | €26,361 | +€53,856 |
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 11 October 2026 via checked.be.