K.V.V.-CONSTRUCT: 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.V.-CONSTRUCT
Largest movements
- Cash -€45,404
down €45,404 (-52.0%), from €87,293 to €41,889
mainly Contributions, distributions and other (-€125,117) and Debts after one year (-€16,751)
- Receivables after one year -€36,047
no longer reported in 2025 (was €36,047)
- Tangible fixed assets -€17,223
down €17,223 (-19.8%), from €87,058 to €69,835
of which Furniture and vehicles: -€12,429
- Receivables within one year +€11,829
up €11,829 (+147.8%), from €8,004 to €19,832
of which Trade receivables: +€15,714
- Reserves -€78,643
down €78,643 (-62.8%), from €125,166 to €46,523
- Other debts +€26,960
new in 2025: €26,960
- Debts after one year -€16,751
down €16,751 (-32.9%), from €50,875 to €34,123
- Accrued charges and deferred income -€12,383
no longer reported in 2025 (was €12,383)
- Tax, wage and social debts -€8,546
down €8,546 (-69.1%), from €12,373 to €3,828
- Gross operating margin +€40,221
up €40,221 (+83.9%), from €47,966 to €88,187
- Taxes +€11,485
up €11,485 (+156.4%), from €7,343 to €18,828
- Depreciation +€5,417
up €5,417 (+42.9%), from €12,638 to €18,055
- Other operating charges -€1,967
down €1,967 (-57.8%), from €3,406 to €1,439
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 | €221,398 | €134,467 | -€86,931 | -39.3% |
| Fixed assets | 21/28 | €88,162 | €70,669 | -€17,493 | -19.8% |
| Intangible fixed assets | 21 | €1,104 | €834 | -€270 | -24.5% |
| Tangible fixed assets | 22/27 | €87,058 | €69,835 | -€17,223 | -19.8% |
| Plant, machinery and equipment | 23 | €37,700 | €32,906 | -€4,794 | -12.7% |
| Furniture and vehicles | 24 | €49,358 | €36,929 | -€12,429 | -25.2% |
| Current assets | 29/58 | €133,236 | €63,798 | -€69,438 | -52.1% |
| Amounts receivable after more than one year | 29 | €36,047 | - | -€36,047 | |
| Other amounts receivable | 291 | €36,047 | - | -€36,047 | |
| Amounts receivable within one year | 40/41 | €8,004 | €19,832 | +€11,829 | +147.8% |
| Trade receivables | 40 | €330 | €16,044 | +€15,714 | +4761.8% |
| Other amounts receivable | 41 | €7,674 | €3,788 | -€3,886 | -50.6% |
| Cash at bank and in hand | 54/58 | €87,293 | €41,889 | -€45,404 | -52.0% |
| Deferred charges and accrued income | 490/1 | €1,892 | €2,076 | +€185 | +9.8% |
| Total equity and liabilities | 10/49 | €221,398 | €134,467 | -€86,931 | -39.3% |
| Equity | 10/15 | €127,166 | €48,523 | -€78,643 | -61.8% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €125,166 | €46,523 | -€78,643 | -62.8% |
| Distributable reserves | 133 | €125,166 | €46,523 | -€78,643 | -62.8% |
| Amounts payable | 17/49 | €94,232 | €85,944 | -€8,288 | -8.8% |
| Amounts payable after more than one year | 17 | €50,875 | €34,123 | -€16,751 | -32.9% |
| Financial debts | 170/4 | €50,875 | €34,123 | -€16,751 | -32.9% |
| Amounts payable within one year | 42/48 | €30,974 | €51,820 | +€20,846 | +67.3% |
| Current portion of amounts payable after more than one year | 42 | €15,908 | €16,748 | +€840 | +5.3% |
| Trade debts | 44 | €2,693 | €4,284 | +€1,591 | +59.1% |
| Suppliers | 440/4 | €2,693 | €4,284 | +€1,591 | +59.1% |
| Taxes, remuneration and social security | 45 | €12,373 | €3,828 | -€8,546 | -69.1% |
| Taxes | 450/3 | €12,373 | €3,828 | -€8,546 | -69.1% |
| Other amounts payable | 47/48 | - | €26,960 | +€26,960 | |
| Accrued charges and deferred income | 492/3 | €12,383 | - | -€12,383 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,638 | €18,055 | +€5,417 | +42.9% |
| Other operating charges | 640/8 | €3,406 | €1,439 | -€1,967 | -57.8% |
| Gross operating margin | 9900 | €47,966 | €88,187 | +€40,221 | +83.9% |
| Operating profit (loss) | 9901 | €31,921 | €68,693 | +€36,772 | +115.2% |
| Financial income | 75/76B | €869 | €5 | -€864 | -99.5% |
| Recurring financial income | 75 | €869 | €5 | -€864 | -99.5% |
| Financial charges | 65/66B | €3,398 | €3,397 | -€1 | 0.0% |
| Recurring financial charges | 65 | €3,398 | €3,397 | -€1 | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €29,392 | €65,301 | +€35,909 | +122.2% |
| Income taxes | 67/77 | €7,343 | €18,828 | +€11,485 | +156.4% |
| Profit (loss) for the period | 9904 | €22,049 | €46,473 | +€24,424 | +110.8% |
| Profit (loss) for the period to be appropriated | 9905 | €22,049 | €46,473 | +€24,424 | +110.8% |
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 8 October 2026 via checked.be.