K.V.G. CONSTRUCT: 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.G. CONSTRUCT
Largest movements
- Receivables within one year -€69,642
down €69,642 (-69.2%), from €100,634 to €30,992
of which Other amounts receivable: -€61,070
- Cash +€28,471
up €28,471 (+687%), from €4,142 to €32,613
mainly Receivables within one year (+€69,642) and Depreciation (+€5,365)
- Tangible fixed assets +€5,097
up €5,097 (+430%), from €1,186 to €6,283
- Current investments +€2,370
new in 2025: €2,370
- Deferred charges and accrued income +€1,258
new in 2025: €1,258
- Other debts -€26,800
down €26,800 (-100%), from €26,800 to €0
- Profit (loss) carried forward -€6,078
down €6,078 (-12.7%), from €47,962 to €41,884
- Trade debts +€2,898
up €2,898 (+35.0%), from €8,273 to €11,171
- Short-term financial debts -€1,281
down €1,281 (-100%), from €1,281 to €0
- Tax, wage and social debts -€1,187
down €1,187 (-100%), from €1,187 to €0
- Gross operating margin +€30,138
up €30,138 (+221%), from €13,662 to €43,800
- Other operating charges +€26,258
up €26,258 (+260%), from €10,081 to €36,339
- Depreciation +€5,318
up €5,318 (+11,240%), from €47 to €5,365
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 | €105,962 | €73,515 | -€32,447 | -30.6% |
| Fixed assets | 21/28 | €1,186 | €6,283 | +€5,097 | +430% |
| Tangible fixed assets | 22/27 | €1,186 | €6,283 | +€5,097 | +430% |
| Furniture and vehicles | 24 | €1,186 | €6,283 | +€5,097 | +430% |
| Current assets | 29/58 | €104,776 | €67,232 | -€37,544 | -35.8% |
| Amounts receivable within one year | 40/41 | €100,634 | €30,992 | -€69,642 | -69.2% |
| Trade receivables | 40 | €10,989 | €2,417 | -€8,572 | -78.0% |
| Other amounts receivable | 41 | €89,645 | €28,574 | -€61,070 | -68.1% |
| Current investments | 50/53 | - | €2,370 | +€2,370 | |
| Cash at bank and in hand | 54/58 | €4,142 | €32,613 | +€28,471 | +687% |
| Deferred charges and accrued income | 490/1 | - | €1,258 | +€1,258 | |
| Total equity and liabilities | 10/49 | €105,962 | €73,515 | -€32,447 | -30.6% |
| Equity | 10/15 | €68,422 | €62,344 | -€6,078 | -8.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | - | €1,860 | +€1,860 | |
| Other | 1319 | - | €1,860 | +€1,860 | |
| Distributable reserves | 133 | €1,860 | - | -€1,860 | |
| Profit (loss) carried forward | 14 | €47,962 | €41,884 | -€6,078 | -12.7% |
| Amounts payable | 17/49 | €37,540 | €11,171 | -€26,369 | -70.2% |
| Amounts payable within one year | 42/48 | €37,540 | €11,171 | -€26,369 | -70.2% |
| Financial debts | 43 | €1,281 | €0 | -€1,281 | -100% |
| Credit institutions | 430/8 | €1,281 | €0 | -€1,281 | -100% |
| Trade debts | 44 | €8,273 | €11,171 | +€2,898 | +35.0% |
| Suppliers | 440/4 | €8,273 | €11,171 | +€2,898 | +35.0% |
| Taxes, remuneration and social security | 45 | €1,187 | €0 | -€1,187 | -100% |
| Taxes | 450/3 | €1,187 | €0 | -€1,187 | -100% |
| Other amounts payable | 47/48 | €26,800 | €0 | -€26,800 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47 | €5,365 | +€5,318 | +11,240% |
| Other operating charges | 640/8 | €10,081 | €36,339 | +€26,258 | +260% |
| Gross operating margin | 9900 | €13,662 | €43,800 | +€30,138 | +221% |
| Operating profit (loss) | 9901 | €3,534 | €2,096 | -€1,438 | -40.7% |
| Financial income | 75/76B | €26 | €376 | +€350 | +1,353% |
| Recurring financial income | 75 | €26 | €376 | +€350 | +1,353% |
| Financial charges | 65/66B | €133 | €157 | +€24 | +17.8% |
| Recurring financial charges | 65 | €133 | €157 | +€24 | +17.8% |
| Profit (loss) for the period before taxes | 9903 | €3,426 | €2,315 | -€1,111 | -32.4% |
| Income taxes | 67/77 | €1,187 | €1,119 | -€68 | -5.7% |
| Profit (loss) for the period | 9904 | €2,240 | €1,196 | -€1,044 | -46.6% |
| Profit (loss) for the period to be appropriated | 9905 | €2,240 | €1,196 | -€1,044 | -46.6% |
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 17 October 2026 via checked.be.