K.V.T. IMMO: 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. IMMO
Largest movements
- Stocks and contracts -€645,000
down €645,000 (-100%), from €645,000 to €0
- Cash +€376,873
up €376,873 (+527%), from €71,462 to €448,335
mainly Stocks and contracts (+€645,000) and Net result for the year (+€51,668)
- Receivables within one year +€349,378
up €349,378 (+767%), from €45,555 to €394,933
of which Trade receivables: +€357,510
- Tangible fixed assets -€28,020
down €28,020 (-1.9%), from €1.5m to €1.5m
of which Land and buildings: -€15,237
- Reserves +€51,668
up €51,668 (+8.7%), from €595,348 to €647,016
of which Distributable reserves: +€51,668
- Gross operating margin +€35,690
up €35,690 (+41.4%), from €86,232 to €121,922
- Other operating charges -€11,764
down €11,764 (-75.0%), from €15,683 to €3,919
- Taxes +€11,436
up €11,436 (+180%), from €6,338 to €17,773
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,269,849 | €2,311,824 | +€41,975 | +1.8% |
| Fixed assets | 21/28 | €1,494,615 | €1,466,595 | -€28,020 | -1.9% |
| Tangible fixed assets | 22/27 | €1,494,615 | €1,466,595 | -€28,020 | -1.9% |
| Land and buildings | 22 | €1,443,605 | €1,428,368 | -€15,237 | -1.1% |
| Furniture and vehicles | 24 | €51,010 | €38,227 | -€12,783 | -25.1% |
| Current assets | 29/58 | €775,234 | €845,229 | +€69,995 | +9.0% |
| Stocks and contracts in progress | 3 | €645,000 | €0 | -€645,000 | -100% |
| Stocks | 30/36 | €645,000 | €0 | -€645,000 | -100% |
| Amounts receivable within one year | 40/41 | €45,555 | €394,933 | +€349,378 | +767% |
| Trade receivables | 40 | €2,490 | €360,000 | +€357,510 | +14,358% |
| Other amounts receivable | 41 | €43,065 | €34,933 | -€8,132 | -18.9% |
| Cash at bank and in hand | 54/58 | €71,462 | €448,335 | +€376,873 | +527% |
| Deferred charges and accrued income | 490/1 | €13,217 | €1,962 | -€11,256 | -85.2% |
| Total equity and liabilities | 10/49 | €2,269,849 | €2,311,824 | +€41,975 | +1.8% |
| Equity | 10/15 | €695,348 | €747,016 | +€51,668 | +7.4% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €595,348 | €647,016 | +€51,668 | +8.7% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €595,348 | €647,016 | +€51,668 | +8.7% |
| Amounts payable | 17/49 | €1,574,501 | €1,564,809 | -€9,692 | -0.6% |
| Amounts payable within one year | 42/48 | €1,574,501 | €1,564,809 | -€9,692 | -0.6% |
| Trade debts | 44 | €245 | €1,015 | +€770 | +314% |
| Suppliers | 440/4 | €245 | €1,015 | +€770 | +314% |
| Taxes, remuneration and social security | 45 | €11,067 | €604 | -€10,462 | -94.5% |
| Taxes | 450/3 | €11,067 | €604 | -€10,462 | -94.5% |
| Other amounts payable | 47/48 | €1,563,189 | €1,563,189 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,065 | €48,202 | +€1,137 | +2.4% |
| Other operating charges | 640/8 | €15,683 | €3,919 | -€11,764 | -75.0% |
| Gross operating margin | 9900 | €86,232 | €121,922 | +€35,690 | +41.4% |
| Operating profit (loss) | 9901 | €23,485 | €69,801 | +€46,317 | +197% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €176 | €360 | +€185 | +105% |
| Recurring financial charges | 65 | €176 | €360 | +€185 | +105% |
| Profit (loss) for the period before taxes | 9903 | €23,309 | €69,441 | +€46,132 | +198% |
| Income taxes | 67/77 | €6,338 | €17,773 | +€11,436 | +180% |
| Profit (loss) for the period | 9904 | €16,971 | €51,668 | +€34,696 | +204% |
| Profit (loss) for the period to be appropriated | 9905 | €16,971 | €51,668 | +€34,696 | +204% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.