K-VET: 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-VET
Largest movements
- Cash +€22,713
up €22,713 (+104%), from €21,881 to €44,593
mainly Net result for the year (+€20,300) and Depreciation (+€7,762)
- Tangible fixed assets -€7,762
down €7,762 (-24.8%), from €31,347 to €23,584
- Reserves +€19,467
up €19,467 (+79.4%), from €24,525 to €43,992
- Current portion of long-term debt -€5,000
down €5,000 (-41.7%), from €12,000 to €7,000
- Tax, wage and social debts +€3,429
up €3,429 (+22.5%), from €15,255 to €18,684
of which Taxes: +€4,860
- Debts after one year -€3,000
down €3,000 (-100%), from €3,000 to €0
- Gross operating margin -€9,994
down €9,994 (-22.1%), from €45,164 to €35,170
- Taxes -€4,855
down €4,855 (-42.3%), from €11,475 to €6,620
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 | €59,475 | €74,104 | +€14,630 | +24.6% |
| Fixed assets | 21/28 | €31,347 | €23,584 | -€7,762 | -24.8% |
| Tangible fixed assets | 22/27 | €31,347 | €23,584 | -€7,762 | -24.8% |
| Furniture and vehicles | 24 | €31,347 | €23,584 | -€7,762 | -24.8% |
| Current assets | 29/58 | €28,128 | €50,520 | +€22,392 | +79.6% |
| Amounts receivable within one year | 40/41 | €5,731 | €5,583 | -€148 | -2.6% |
| Trade receivables | 40 | €5,481 | €5,583 | +€102 | +1.9% |
| Other amounts receivable | 41 | €250 | €0 | -€250 | -100% |
| Cash at bank and in hand | 54/58 | €21,881 | €44,593 | +€22,713 | +104% |
| Deferred charges and accrued income | 490/1 | €516 | €344 | -€172 | -33.4% |
| Total equity and liabilities | 10/49 | €59,475 | €74,104 | +€14,630 | +24.6% |
| Equity | 10/15 | €26,525 | €45,992 | +€19,467 | +73.4% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €24,525 | €43,992 | +€19,467 | +79.4% |
| Distributable reserves | 133 | €24,525 | €43,992 | +€19,467 | +79.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €32,949 | €28,112 | -€4,838 | -14.7% |
| Amounts payable after more than one year | 17 | €3,000 | €0 | -€3,000 | -100% |
| Financial debts | 170/4 | €3,000 | €0 | -€3,000 | -100% |
| Amounts payable within one year | 42/48 | €29,949 | €28,112 | -€1,838 | -6.1% |
| Current portion of amounts payable after more than one year | 42 | €12,000 | €7,000 | -€5,000 | -41.7% |
| Trade debts | 44 | €835 | €598 | -€238 | -28.4% |
| Suppliers | 440/4 | €835 | €598 | -€238 | -28.4% |
| Taxes, remuneration and social security | 45 | €15,255 | €18,684 | +€3,429 | +22.5% |
| Taxes | 450/3 | €13,824 | €18,684 | +€4,860 | +35.2% |
| Remuneration and social security | 454/9 | €1,431 | €0 | -€1,431 | -100% |
| Other amounts payable | 47/48 | €1,859 | €1,830 | -€29 | -1.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,465 | €7,762 | +€297 | +4.0% |
| Other operating charges | 640/8 | €748 | €401 | -€348 | -46.4% |
| Gross operating margin | 9900 | €45,164 | €35,170 | -€9,994 | -22.1% |
| Operating profit (loss) | 9901 | €36,950 | €27,006 | -€9,943 | -26.9% |
| Financial income | 75/76B | €2 | €45 | +€43 | +2,207% |
| Recurring financial income | 75 | €2 | €45 | +€43 | +2,207% |
| Financial charges | 65/66B | €92 | €131 | +€39 | +42.4% |
| Recurring financial charges | 65 | €92 | €131 | +€39 | +42.4% |
| Profit (loss) for the period before taxes | 9903 | €36,860 | €26,920 | -€9,939 | -27.0% |
| Income taxes | 67/77 | €11,475 | €6,620 | -€4,855 | -42.3% |
| Profit (loss) for the period | 9904 | €25,384 | €20,300 | -€5,084 | -20.0% |
| Profit (loss) for the period to be appropriated | 9905 | €25,384 | €20,300 | -€5,084 | -20.0% |
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 20 October 2026 via checked.be.