K.V.T. 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.T. CONSTRUCT
Largest movements
- Stocks and contracts -€599,080
down €599,080 (-100.0%), from €599,080 to €0
- Cash +€250,018
up €250,018 (+39.2%), from €638,584 to €888,602
mainly Stocks and contracts (+€599,080) and Smaller working-capital items (+€284)
- Tax, wage and social debts -€165,365
down €165,365 (-92.3%), from €179,064 to €13,699
- Other debts -€117,820
down €117,820 (-38.3%), from €307,697 to €189,876
- Trade debts -€45,260
down €45,260 (-98.0%), from €46,168 to €908
- Gross operating margin -€184,058
down €184,058, from €164,304 to -€19,754
- Taxes -€53,699
down €53,699 (-100.0%), from €53,699 to €0
- Other operating charges -€4,132
down €4,132 (-78.7%), from €5,250 to €1,118
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 | €2,801,993 | €2,452,648 | -€349,345 | -12.5% |
| Fixed assets | 21/28 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €2,801,993 | €2,452,648 | -€349,345 | -12.5% |
| Stocks and contracts in progress | 3 | €599,080 | €0 | -€599,080 | -100.0% |
| Contracts in progress | 37 | €599,080 | €0 | -€599,080 | -100.0% |
| Amounts receivable within one year | 40/41 | €1,563,189 | €1,563,491 | +€302 | 0.0% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €1,563,189 | €1,563,491 | +€302 | 0.0% |
| Cash at bank and in hand | 54/58 | €638,584 | €888,602 | +€250,018 | +39.2% |
| Deferred charges and accrued income | 490/1 | €1,140 | €554 | -€586 | -51.4% |
| Total equity and liabilities | 10/49 | €2,801,993 | €2,452,648 | -€349,345 | -12.5% |
| Equity | 10/15 | €2,269,064 | €2,248,164 | -€20,900 | -0.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €2,250,464 | €2,229,564 | -€20,900 | -0.9% |
| Distributable reserves | 133 | €2,250,464 | €2,229,564 | -€20,900 | -0.9% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €532,929 | €204,483 | -€328,446 | -61.6% |
| Amounts payable within one year | 42/48 | €532,929 | €204,483 | -€328,446 | -61.6% |
| Trade debts | 44 | €46,168 | €908 | -€45,260 | -98.0% |
| Suppliers | 440/4 | €46,168 | €908 | -€45,260 | -98.0% |
| Taxes, remuneration and social security | 45 | €179,064 | €13,699 | -€165,365 | -92.3% |
| Taxes | 450/3 | €179,064 | €13,699 | -€165,365 | -92.3% |
| Other amounts payable | 47/48 | €307,697 | €189,876 | -€117,820 | -38.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Other operating charges | 640/8 | €5,250 | €1,118 | -€4,132 | -78.7% |
| Gross operating margin | 9900 | €164,304 | -€19,754 | -€184,058 | |
| Operating profit (loss) | 9901 | €159,054 | -€20,872 | -€179,926 | |
| Financial income | 75/76B | €368 | €44 | -€325 | -88.1% |
| Recurring financial income | 75 | €368 | €44 | -€325 | -88.1% |
| Financial charges | 65/66B | €872 | €71 | -€801 | -91.8% |
| Recurring financial charges | 65 | €872 | €71 | -€801 | -91.8% |
| Profit (loss) for the period before taxes | 9903 | €158,550 | -€20,900 | -€179,450 | |
| Income taxes | 67/77 | €53,699 | €0 | -€53,699 | -100.0% |
| Profit (loss) for the period | 9904 | €104,851 | -€20,900 | -€125,751 | |
| Transfer from tax-exempt reserves | 789 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €104,851 | -€20,900 | -€125,751 |
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 9 October 2026 via checked.be.