K.V.R.D.: what changed
What changed
K.V.R.D.
NACE 46.831, Wholesale of construction materials, general range
filed annual accounts (NBB)
Net result for the year
-€34,683
2024 · -€80,627+€45,944
Equity
€63,141
2024 · €97,825-€34,683
Cash
€11,529
2024 · €37,905-€26,376
Balance sheet total
€438,278
2024 · €500,681-€62,403
Largest movements
Assets
- Cash -€26,376
down €26,376 (-69.6%), from €37,905 to €11,529
mainly Trade debts (-€99,567) and Advances received (-€36,300)
- Tangible fixed assets -€25,642
down €25,642 (-31.0%), from €82,637 to €56,994
of which Furniture and vehicles: -€39,164
- Stocks and contracts -€23,834
down €23,834 (-7.0%), from €340,010 to €316,176
- Receivables within one year +€13,970
up €13,970 (+36.3%), from €38,441 to €52,412
of which Trade receivables: +€13,822
Equity and liabilities
- Trade debts -€99,567
down €99,567 (-77.0%), from €129,353 to €29,786
- Tax, wage and social debts +€55,662
up €55,662 (+209%), from €26,588 to €82,251
of which Taxes: +€56,829
- Advances received -€36,300
down €36,300 (-100%), from €36,300 to €0
- Profit (loss) carried forward -€34,683
down €34,683, from €6,844 to -€27,839
- Accrued charges and deferred income +€28,130
up €28,130 (+1,883%), from €1,494 to €29,624
Income statement
- Write-downs -€22,082
down €22,082, from €9,234 to -€12,848
- Staff costs -€14,474
down €14,474 (-8.2%), from €177,115 to €162,641
- Depreciation -€5,552
down €5,552 (-23.5%), from €23,662 to €18,109
- Financial charges -€4,268
down €4,268 (-18.3%), from €23,283 to €19,015
- Gross operating margin -€2,507
down €2,507 (-1.5%), from €170,667 to €168,160
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
-€80,627
Gross operating margin
-€2,507
Staff costs
+€14,474
Depreciation
+€5,552
Write-downs
+€22,082
Provisions
-€1,754
Other operating charges
-€1,817
Other operating items
+€4,432
Financial income
+€1,078
Financial charges
+€4,268
Taxes
+€136
Result 2025
-€34,683
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
-€39,596
Investment
+€8,054
Financing
+€5,166
Cash 2024
€37,905
From operations (derived)
-€39,596
Net result for the year
-€34,683
Depreciation
+€18,109
Stocks and contracts
+€23,834
Receivables within one year
-€13,970
Provisions
-€3,593
Trade debts
-€99,567
Tax, wage and social debts
+€55,662
Advances received
-€36,300
Other debts
+€22,781
Accrued charges and deferred income
+€28,130
Investment (derived)
+€8,054
Investment in fixed assets (net)
+€8,054
Financing
+€5,166
Debts after one year
-€15,403
Current portion of long-term debt
-€4,431
Short-term financial debts
+€25,000
Cash 2025
€11,529
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €500,681 | €438,278 | -€62,403 | -12.5% |
| Fixed assets | 21/28 | €84,325 | €58,162 | -€26,163 | -31.0% |
| Intangible fixed assets | 21 | €1,688 | €1,168 | -€520 | -30.8% |
| Tangible fixed assets | 22/27 | €82,637 | €56,994 | -€25,642 | -31.0% |
| Plant, machinery and equipment | 23 | €187 | €13,708 | +€13,522 | +7,235% |
| Furniture and vehicles | 24 | €82,450 | €43,286 | -€39,164 | -47.5% |
| Current assets | 29/58 | €416,356 | €380,116 | -€36,240 | -8.7% |
| Stocks and contracts in progress | 3 | €340,010 | €316,176 | -€23,834 | -7.0% |
| Stocks | 30/36 | €340,010 | €316,176 | -€23,834 | -7.0% |
| Amounts receivable within one year | 40/41 | €38,441 | €52,412 | +€13,970 | +36.3% |
| Trade receivables | 40 | €38,441 | €52,263 | +€13,822 | +36.0% |
| Other amounts receivable | 41 | €0 | €149 | +€149 | |
| Cash at bank and in hand | 54/58 | €37,905 | €11,529 | -€26,376 | -69.6% |
| Total equity and liabilities | 10/49 | €500,681 | €438,278 | -€62,403 | -12.5% |
| Equity | 10/15 | €97,825 | €63,141 | -€34,683 | -35.5% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €28,981 | €28,981 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €22,781 | €22,781 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,844 | -€27,839 | -€34,683 | |
| Provisions and deferred taxes | 16 | €31,120 | €27,527 | -€3,593 | -11.5% |
| Provisions for liabilities and charges | 160/5 | €31,120 | €27,527 | -€3,593 | -11.5% |
| Other liabilities and charges | 164/5 | €31,120 | €27,527 | -€3,593 | -11.5% |
| Amounts payable | 17/49 | €371,737 | €347,610 | -€24,127 | -6.5% |
| Amounts payable after more than one year | 17 | €42,722 | €27,319 | -€15,403 | -36.1% |
| Financial debts | 170/4 | €42,722 | €27,319 | -€15,403 | -36.1% |
| Amounts payable within one year | 42/48 | €327,521 | €290,667 | -€36,854 | -11.3% |
| Current portion of amounts payable after more than one year | 42 | €19,834 | €15,403 | -€4,431 | -22.3% |
| Financial debts | 43 | €100,000 | €125,000 | +€25,000 | +25.0% |
| Credit institutions | 430/8 | €100,000 | €125,000 | +€25,000 | +25.0% |
| Trade debts | 44 | €129,353 | €29,786 | -€99,567 | -77.0% |
| Suppliers | 440/4 | €129,353 | €29,786 | -€99,567 | -77.0% |
| Advances received on contracts in progress | 46 | €36,300 | €0 | -€36,300 | -100% |
| Taxes, remuneration and social security | 45 | €26,588 | €82,251 | +€55,662 | +209% |
| Taxes | 450/3 | €10,757 | €67,585 | +€56,829 | +528% |
| Remuneration and social security | 454/9 | €15,832 | €14,665 | -€1,166 | -7.4% |
| Other amounts payable | 47/48 | €15,446 | €38,227 | +€22,781 | +147% |
| Accrued charges and deferred income | 492/3 | €1,494 | €29,624 | +€28,130 | +1,883% |
| Non-recurring operating income | 76A | €935 | €11,860 | +€10,925 | +1,169% |
| Remuneration, social security and pensions | 62 | €177,115 | €162,641 | -€14,474 | -8.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,662 | €18,109 | -€5,552 | -23.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €9,234 | -€12,848 | -€22,082 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€5,347 | -€3,593 | +€1,754 | +32.8% |
| Other operating charges | 640/8 | €18,408 | €20,225 | +€1,817 | +9.9% |
| Non-recurring operating charges | 66A | €4,439 | €7 | -€4,432 | -99.8% |
| Gross operating margin | 9900 | €170,667 | €168,160 | -€2,507 | -1.5% |
| Operating profit (loss) | 9901 | -€56,843 | -€16,381 | +€40,462 | +71.2% |
| Financial income | 75/76B | €75 | €1,153 | +€1,078 | +1,434% |
| Recurring financial income | 75 | €75 | €1,153 | +€1,078 | +1,434% |
| Financial charges | 65/66B | €23,283 | €19,015 | -€4,268 | -18.3% |
| Recurring financial charges | 65 | €23,283 | €19,015 | -€4,268 | -18.3% |
| Profit (loss) for the period before taxes | 9903 | -€80,052 | -€34,244 | +€45,808 | +57.2% |
| Income taxes | 67/77 | €575 | €439 | -€136 | -23.6% |
| Profit (loss) for the period | 9904 | -€80,627 | -€34,683 | +€45,944 | +57.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€80,627 | -€34,683 | +€45,944 | +57.0% |
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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 1 November 2026 via checked.be.