K.V.L. CONCEPT: 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.
What changed
K.V.L. CONCEPT
NACE 70.200, Business and other management consultancy
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€18,353
2024 · €30,660-€49,013
Equity
€10,965
2024 · €29,318-€18,353
Cash
€2,221
2024 · €4,264-€2,042
Balance sheet total
€1.8m
2024 · €1.9m-€60,558
Largest movements
Assets
- Receivables within one year -€58,404
down €58,404 (-30.1%), from €193,807 to €135,404
of which Other amounts receivable: -€63,571
Equity and liabilities
- Other debts +€240,473
up €240,473 (+58.1%), from €414,169 to €654,642
- Short-term financial debts -€230,347
down €230,347 (-40.8%), from €563,983 to €333,635
- Debts after one year -€54,720
down €54,720 (-6.8%), from €799,726 to €745,006
Income statement
- Gross operating margin -€61,963
down €61,963 (-41.9%), from €147,723 to €85,760
- Financial charges -€15,950
down €15,950 (-22.0%), from €72,356 to €56,406
- Depreciation +€3,045
up €3,045 (+7.1%), from €42,796 to €45,841
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.
Result 2024
€30,660
Gross operating margin
-€61,963
Depreciation
-€3,045
Other operating charges
-€1,348
Financial income
+€1,375
Financial charges
+€15,950
Taxes
+€17
Result 2025
-€18,353
raises the resultlowers the result
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.
From operations
+€312,778
Investment
-€32,042
Financing
-€282,778
Cash 2024
€4,264
From operations (derived)
+€312,778
Net result for the year
-€18,353
Depreciation
+€45,841
Stocks and contracts
-€13,644
Receivables within one year
+€58,404
Deferred charges and accrued income
-€43
Trade debts
-€2,974
Tax, wage and social debts
+€2,340
Other debts
+€240,473
Accrued charges and deferred income
+€734
Investment (derived)
-€32,042
Investment in fixed assets (net)
-€32,042
Financing
-€282,778
Debts after one year
-€54,720
Current portion of long-term debt
+€2,290
Short-term financial debts
-€230,347
Cash 2025
€2,221
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,888,061 | €1,827,502 | -€60,558 | -3.2% |
| Fixed assets | 21/28 | €1,303,007 | €1,289,209 | -€13,799 | -1.1% |
| Tangible fixed assets | 22/27 | €1,301,883 | €1,287,585 | -€14,299 | -1.1% |
| Land and buildings | 22 | €1,283,962 | €1,242,274 | -€41,688 | -3.2% |
| Plant, machinery and equipment | 23 | €17,921 | €29,281 | +€11,360 | +63.4% |
| Assets under construction and advance payments | 27 | €0 | €16,029 | +€16,029 | |
| Financial fixed assets | 28 | €1,124 | €1,624 | +€500 | +44.5% |
| Current assets | 29/58 | €585,053 | €538,294 | -€46,759 | -8.0% |
| Stocks and contracts in progress | 3 | €385,000 | €398,644 | +€13,644 | +3.5% |
| Stocks | 30/36 | €385,000 | €398,644 | +€13,644 | +3.5% |
| Amounts receivable within one year | 40/41 | €193,807 | €135,404 | -€58,404 | -30.1% |
| Trade receivables | 40 | €19,000 | €24,167 | +€5,167 | +27.2% |
| Other amounts receivable | 41 | €174,807 | €111,237 | -€63,571 | -36.4% |
| Cash at bank and in hand | 54/58 | €4,264 | €2,221 | -€2,042 | -47.9% |
| Deferred charges and accrued income | 490/1 | €1,982 | €2,025 | +€43 | +2.2% |
| Total equity and liabilities | 10/49 | €1,888,061 | €1,827,502 | -€60,558 | -3.2% |
| Equity | 10/15 | €29,318 | €10,965 | -€18,353 | -62.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €20,860 | €20,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €9,000 | €9,000 | = | 0.0% |
| Distributable reserves | 133 | €11,860 | €11,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,258 | -€16,095 | -€18,353 | |
| Amounts payable | 17/49 | €1,858,742 | €1,816,537 | -€42,205 | -2.3% |
| Amounts payable after more than one year | 17 | €799,726 | €745,006 | -€54,720 | -6.8% |
| Financial debts | 170/4 | €799,726 | €745,006 | -€54,720 | -6.8% |
| Amounts payable within one year | 42/48 | €1,058,951 | €1,070,732 | +€11,781 | +1.1% |
| Current portion of amounts payable after more than one year | 42 | €52,431 | €54,720 | +€2,290 | +4.4% |
| Financial debts | 43 | €563,983 | €333,635 | -€230,347 | -40.8% |
| Credit institutions | 430/8 | €563,983 | €333,635 | -€230,347 | -40.8% |
| Trade debts | 44 | €19,353 | €16,379 | -€2,974 | -15.4% |
| Suppliers | 440/4 | €19,353 | €16,379 | -€2,974 | -15.4% |
| Taxes, remuneration and social security | 45 | €9,015 | €11,355 | +€2,340 | +26.0% |
| Taxes | 450/3 | €9,015 | €6,405 | -€2,610 | -29.0% |
| Remuneration and social security | 454/9 | - | €4,950 | +€4,950 | |
| Other amounts payable | 47/48 | €414,169 | €654,642 | +€240,473 | +58.1% |
| Accrued charges and deferred income | 492/3 | €66 | €799 | +€734 | +1,117% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,796 | €45,841 | +€3,045 | +7.1% |
| Other operating charges | 640/8 | €4,072 | €5,420 | +€1,348 | +33.1% |
| Gross operating margin | 9900 | €147,723 | €85,760 | -€61,963 | -41.9% |
| Operating profit (loss) | 9901 | €100,855 | €34,498 | -€66,356 | -65.8% |
| Financial income | 75/76B | €2,495 | €3,870 | +€1,375 | +55.1% |
| Recurring financial income | 75 | €2,495 | €3,870 | +€1,375 | +55.1% |
| Financial charges | 65/66B | €72,356 | €56,406 | -€15,950 | -22.0% |
| Recurring financial charges | 65 | €72,356 | €56,406 | -€15,950 | -22.0% |
| Profit (loss) for the period before taxes | 9903 | €30,993 | -€18,037 | -€49,031 | |
| Income taxes | 67/77 | €333 | €316 | -€17 | -5.2% |
| Profit (loss) for the period | 9904 | €30,660 | -€18,353 | -€49,013 | |
| Profit (loss) for the period to be appropriated | 9905 | €30,660 | -€18,353 | -€49,013 |
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 27 October 2026 via checked.be.