K.V.S.H.: what changed
What changed
K.V.S.H.
NACE 56.111, Full-service restaurants
filed annual accounts (NBB)
Net result for the year
€42,668
2024 · -€17,396+€60,064
Equity
€179,308
2024 · €170,843+€8,465
Cash
€95,314
2024 · €71,610+€23,704
Balance sheet total
€341,955
2024 · €350,956-€9,001
Largest movements
Assets
- Tangible fixed assets -€26,283
down €26,283 (-11.4%), from €229,682 to €203,399
of which Other tangible fixed assets: -€26,654
- Cash +€23,704
up €23,704 (+33.1%), from €71,610 to €95,314
mainly Net result for the year (+€42,668) and Depreciation (+€37,338)
- Receivables within one year -€7,814
down €7,814 (-51.8%), from €15,097 to €7,283
of which Other amounts receivable: -€7,589
Equity and liabilities
- Debts after one year -€20,919
down €20,919 (-28.3%), from €73,883 to €52,965
- Profit (loss) carried forward +€17,396
no longer reported in 2025 (was -€17,396)
- Other debts +€10,799
up €10,799 (+67.8%), from €15,926 to €26,724
- Reserves -€8,931
down €8,931 (-4.9%), from €183,239 to €174,308
- Trade debts -€6,402
down €6,402 (-26.4%), from €24,255 to €17,853
Income statement
- Gross operating margin +€93,928
up €93,928 (+25.8%), from €364,704 to €458,632
- Staff costs +€14,348
up €14,348 (+4.3%), from €336,628 to €350,976
- Taxes +€12,690
up €12,690 (+9,914%), from €128 to €12,818
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
-€17,396
Gross operating margin
+€93,928
Staff costs
-€14,348
Depreciation
-€3,290
Other operating charges
-€2,772
Financial income
-€39
Financial charges
-€725
Taxes
-€12,690
Result 2025
€42,668
raises the resultlowers the result
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
+€89,206
Investment
-€10,951
Financing
-€54,550
Cash 2024
€71,610
From operations (derived)
+€89,206
Net result for the year
+€42,668
Depreciation
+€37,338
Stocks and contracts
-€1,903
Receivables within one year
+€7,814
Deferred charges and accrued income
+€408
Trade debts
-€6,402
Tax, wage and social debts
-€2,015
Advances received
+€500
Other debts
+€10,799
Investment (derived)
-€10,951
Investment in fixed assets (net)
-€10,951
Financing
-€54,550
Debts after one year
-€20,919
Current portion of long-term debt
+€576
Short-term financial debts
-€4
Contributions, distributions and other
-€34,203
Cash 2025
€95,314
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €350,956 | €341,955 | -€9,001 | -2.6% |
| Fixed assets | 21/28 | €237,364 | €210,978 | -€26,387 | -11.1% |
| Intangible fixed assets | 21 | €148 | €44 | -€104 | -70.3% |
| Tangible fixed assets | 22/27 | €229,682 | €203,399 | -€26,283 | -11.4% |
| Plant, machinery and equipment | 23 | €13,730 | €17,379 | +€3,650 | +26.6% |
| Furniture and vehicles | 24 | €15,898 | €12,619 | -€3,278 | -20.6% |
| Other tangible fixed assets | 26 | €200,054 | €173,400 | -€26,654 | -13.3% |
| Financial fixed assets | 28 | €7,535 | €7,535 | = | 0.0% |
| Current assets | 29/58 | €113,592 | €130,977 | +€17,386 | +15.3% |
| Stocks and contracts in progress | 3 | €20,845 | €22,748 | +€1,903 | +9.1% |
| Stocks | 30/36 | €20,845 | €22,748 | +€1,903 | +9.1% |
| Amounts receivable within one year | 40/41 | €15,097 | €7,283 | -€7,814 | -51.8% |
| Trade receivables | 40 | €225 | - | -€225 | |
| Other amounts receivable | 41 | €14,872 | €7,283 | -€7,589 | -51.0% |
| Cash at bank and in hand | 54/58 | €71,610 | €95,314 | +€23,704 | +33.1% |
| Deferred charges and accrued income | 490/1 | €6,039 | €5,632 | -€408 | -6.7% |
| Total equity and liabilities | 10/49 | €350,956 | €341,955 | -€9,001 | -2.6% |
| Equity | 10/15 | €170,843 | €179,308 | +€8,465 | +5.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €183,239 | €174,308 | -€8,931 | -4.9% |
| Distributable reserves | 133 | €183,239 | €174,308 | -€8,931 | -4.9% |
| Profit (loss) carried forward | 14 | -€17,396 | - | +€17,396 | |
| Amounts payable | 17/49 | €180,113 | €162,647 | -€17,466 | -9.7% |
| Amounts payable after more than one year | 17 | €73,883 | €52,965 | -€20,919 | -28.3% |
| Financial debts | 170/4 | €73,883 | €52,965 | -€20,919 | -28.3% |
| Amounts payable within one year | 42/48 | €106,230 | €109,683 | +€3,453 | +3.3% |
| Current portion of amounts payable after more than one year | 42 | €20,343 | €20,919 | +€576 | +2.8% |
| Financial debts | 43 | €1,221 | €1,216 | -€4 | -0.4% |
| Credit institutions | 430/8 | €1,221 | €1,216 | -€4 | -0.4% |
| Trade debts | 44 | €24,255 | €17,853 | -€6,402 | -26.4% |
| Suppliers | 440/4 | €24,255 | €17,853 | -€6,402 | -26.4% |
| Advances received on contracts in progress | 46 | €1,000 | €1,500 | +€500 | +50.0% |
| Taxes, remuneration and social security | 45 | €43,486 | €41,471 | -€2,015 | -4.6% |
| Taxes | 450/3 | €13,934 | €11,843 | -€2,091 | -15.0% |
| Remuneration and social security | 454/9 | €29,551 | €29,628 | +€77 | +0.3% |
| Other amounts payable | 47/48 | €15,926 | €26,724 | +€10,799 | +67.8% |
| Non-recurring operating income | 76A | - | €7,183 | +€7,183 | |
| Remuneration, social security and pensions | 62 | €336,628 | €350,976 | +€14,348 | +4.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,048 | €37,338 | +€3,290 | +9.7% |
| Other operating charges | 640/8 | €3,216 | €5,988 | +€2,772 | +86.2% |
| Gross operating margin | 9900 | €364,704 | €458,632 | +€93,928 | +25.8% |
| Operating profit (loss) | 9901 | -€9,188 | €64,330 | +€73,518 | |
| Financial income | 75/76B | €119 | €80 | -€39 | -33.0% |
| Recurring financial income | 75 | €119 | €80 | -€39 | -33.0% |
| Financial charges | 65/66B | €8,199 | €8,924 | +€725 | +8.8% |
| Recurring financial charges | 65 | €8,199 | €8,924 | +€725 | +8.8% |
| Profit (loss) for the period before taxes | 9903 | -€17,268 | €55,486 | +€72,754 | |
| Income taxes | 67/77 | €128 | €12,818 | +€12,690 | +9,914% |
| Profit (loss) for the period | 9904 | -€17,396 | €42,668 | +€60,064 | |
| Profit (loss) for the period to be appropriated | 9905 | -€17,396 | €42,668 | +€60,064 |
Next steps
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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 4 November 2026 via checked.be.