K.V.P.: what changed
Two fiscal 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.P.
Largest movements
- Receivables within one year +€83,593
up €83,593 (+2150.6%), from €3,887 to €87,480
- Tangible fixed assets -€27,602
down €27,602 (-4.9%), from €563,788 to €536,187
- Deferred charges and accrued income +€16,914
up €16,914 (+59.1%), from €28,642 to €45,556
- Short-term financial debts +€100,000
up €100,000 (+20.0%), from €500,000 to €600,000
- Profit (loss) carried forward -€37,304
down €37,304 (-14.6%), from -€255,627 to -€292,930
- Other debts +€10,500
up €10,500 (+28.3%), from €37,111 to €47,611
- Depreciation +€21,866
up €21,866 (+381.3%), from €5,735 to €27,602
- Gross operating margin -€7,753
down €7,753 (-1437.2%), from -€539 to -€8,292
- Financial charges -€751
down €751 (-45.8%), from €1,641 to €890
- Other operating charges -€365
down €365 (-33.1%), from €1,101 to €736
- Financial income -€221
down €221 (-50.6%), from €438 to €217
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 | €596,376 | €670,261 | +€73,885 | +12.4% |
| Fixed assets | 21/28 | €563,788 | €536,187 | -€27,602 | -4.9% |
| Tangible fixed assets | 22/27 | €563,788 | €536,187 | -€27,602 | -4.9% |
| Land and buildings | 22 | €563,788 | €536,187 | -€27,602 | -4.9% |
| Current assets | 29/58 | €32,588 | €134,074 | +€101,487 | +311.4% |
| Amounts receivable within one year | 40/41 | €3,887 | €87,480 | +€83,593 | +2150.6% |
| Other amounts receivable | 41 | €3,887 | €87,480 | +€83,593 | +2150.6% |
| Cash at bank and in hand | 54/58 | €59 | €1,038 | +€979 | +1655.4% |
| Deferred charges and accrued income | 490/1 | €28,642 | €45,556 | +€16,914 | +59.1% |
| Total equity and liabilities | 10/49 | €596,376 | €670,261 | +€73,885 | +12.4% |
| Equity | 10/15 | €56,347 | €19,043 | -€37,304 | -66.2% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Revaluation surpluses | 12 | €250,000 | €250,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€255,627 | -€292,930 | -€37,304 | -14.6% |
| Amounts payable | 17/49 | €540,030 | €651,218 | +€111,189 | +20.6% |
| Amounts payable within one year | 42/48 | €540,030 | €651,218 | +€111,189 | +20.6% |
| Financial debts | 43 | €500,000 | €600,000 | +€100,000 | +20.0% |
| Other loans | 439 | €500,000 | €600,000 | +€100,000 | +20.0% |
| Trade debts | 44 | €2,918 | €3,607 | +€689 | +23.6% |
| Suppliers | 440/4 | €2,918 | €3,607 | +€689 | +23.6% |
| Other amounts payable | 47/48 | €37,111 | €47,611 | +€10,500 | +28.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,735 | €27,602 | +€21,866 | +381.3% |
| Other operating charges | 640/8 | €1,101 | €736 | -€365 | -33.1% |
| Gross operating margin | 9900 | -€539 | -€8,292 | -€7,753 | -1437.2% |
| Operating profit (loss) | 9901 | -€7,376 | -€36,631 | -€29,254 | -396.6% |
| Financial income | 75/76B | €438 | €217 | -€221 | -50.6% |
| Recurring financial income | 75 | €438 | €217 | -€221 | -50.6% |
| Financial charges | 65/66B | €1,641 | €890 | -€751 | -45.8% |
| Recurring financial charges | 65 | €1,641 | €890 | -€751 | -45.8% |
| Profit (loss) for the period before taxes | 9903 | -€8,579 | -€37,304 | -€28,725 | -334.8% |
| Profit (loss) for the period | 9904 | -€8,579 | -€37,304 | -€28,725 | -334.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,579 | -€37,304 | -€28,725 | -334.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.