K-VS: 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-VS
Largest movements
- Receivables after one year -€25,750
down €25,750 (-24.4%), from €105,427 to €79,677
- Receivables within one year +€13,142
up €13,142 (+56.1%), from €23,416 to €36,558
- Deferred charges and accrued income +€12,000
new in 2025: €12,000
- Cash +€6,887
up €6,887 (+9.5%), from €72,528 to €79,415
mainly Receivables after one year (+€25,750) and Net result for the year (+€18,317)
- Financial fixed assets +€5,750
up €5,750 (+12.8%), from €44,750 to €50,500
- Accrued charges and deferred income -€13,000
down €13,000 (-69.3%), from €18,750 to €5,750
- Other debts +€10,000
new in 2025: €10,000
- Profit (loss) carried forward +€6,552
up €6,552 (+12.5%), from €52,624 to €59,176
- Debts after one year +€6,243
up €6,243 (+4.0%), from €156,074 to €162,317
- Trade debts +€4,423
new in 2025: €4,423
- Gross operating margin -€7,895
down €7,895 (-19.2%), from €41,095 to €33,201
- Financial income -€4,991
down €4,991 (-78.9%), from €6,328 to €1,337
of which Non-recurring financial income: -€5,567
- Taxes -€3,612
down €3,612 (-29.8%), from €12,120 to €8,508
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 | €246,980 | €261,746 | +€14,766 | +6.0% |
| Fixed assets | 21/28 | €45,609 | €54,096 | +€8,487 | +18.6% |
| Intangible fixed assets | 21 | - | €2,496 | +€2,496 | |
| Tangible fixed assets | 22/27 | €859 | €1,100 | +€241 | +28.0% |
| Plant, machinery and equipment | 23 | €859 | €1,100 | +€241 | +28.0% |
| Financial fixed assets | 28 | €44,750 | €50,500 | +€5,750 | +12.8% |
| Current assets | 29/58 | €201,371 | €207,650 | +€6,279 | +3.1% |
| Amounts receivable after more than one year | 29 | €105,427 | €79,677 | -€25,750 | -24.4% |
| Other amounts receivable | 291 | €105,427 | €79,677 | -€25,750 | -24.4% |
| Amounts receivable within one year | 40/41 | €23,416 | €36,558 | +€13,142 | +56.1% |
| Other amounts receivable | 41 | €23,416 | €36,558 | +€13,142 | +56.1% |
| Cash at bank and in hand | 54/58 | €72,528 | €79,415 | +€6,887 | +9.5% |
| Deferred charges and accrued income | 490/1 | - | €12,000 | +€12,000 | |
| Total equity and liabilities | 10/49 | €246,980 | €261,746 | +€14,766 | +6.0% |
| Equity | 10/15 | €65,024 | €71,576 | +€6,552 | +10.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | €52,624 | €59,176 | +€6,552 | +12.5% |
| Amounts payable | 17/49 | €181,956 | €190,170 | +€8,214 | +4.5% |
| Amounts payable after more than one year | 17 | €156,074 | €162,317 | +€6,243 | +4.0% |
| Financial debts | 170/4 | €156,074 | €162,317 | +€6,243 | +4.0% |
| Amounts payable within one year | 42/48 | €7,132 | €22,103 | +€14,971 | +210% |
| Trade debts | 44 | - | €4,423 | +€4,423 | |
| Suppliers | 440/4 | - | €4,423 | +€4,423 | |
| Taxes, remuneration and social security | 45 | €7,132 | €7,680 | +€549 | +7.7% |
| Taxes | 450/3 | €7,132 | €7,181 | +€49 | +0.7% |
| Remuneration and social security | 454/9 | - | €500 | +€500 | |
| Other amounts payable | 47/48 | - | €10,000 | +€10,000 | |
| Accrued charges and deferred income | 492/3 | €18,750 | €5,750 | -€13,000 | -69.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €640 | €781 | +€141 | +22.1% |
| Other operating charges | 640/8 | €505 | €520 | +€14 | +2.8% |
| Gross operating margin | 9900 | €41,095 | €33,201 | -€7,895 | -19.2% |
| Operating profit (loss) | 9901 | €39,950 | €31,899 | -€8,050 | -20.2% |
| Financial income | 75/76B | €6,328 | €1,337 | -€4,991 | -78.9% |
| Recurring financial income | 75 | €761 | €1,337 | +€576 | +75.7% |
| Non-recurring financial income | 76B | €5,567 | - | -€5,567 | |
| Financial charges | 65/66B | €6,175 | €6,412 | +€237 | +3.8% |
| Recurring financial charges | 65 | €6,175 | €6,412 | +€237 | +3.8% |
| Profit (loss) for the period before taxes | 9903 | €40,103 | €26,824 | -€13,279 | -33.1% |
| Income taxes | 67/77 | €12,120 | €8,508 | -€3,612 | -29.8% |
| Profit (loss) for the period | 9904 | €27,984 | €18,317 | -€9,667 | -34.5% |
| Profit (loss) for the period to be appropriated | 9905 | €27,984 | €18,317 | -€9,667 | -34.5% |
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 15 October 2026 via checked.be.