KA-VE: 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.
KA-VE
Largest movements
- Cash -€34,628
down €34,628 (-69.8%), from €49,586 to €14,958
mainly Contributions, distributions and other (-€36,500) and Receivables within one year (-€9,370)
- Receivables within one year +€9,370
up €9,370 (+54.3%), from €17,256 to €26,627
of which Trade receivables: +€6,807
- Profit (loss) carried forward -€41,571
down €41,571 (-73.0%), from €56,938 to €15,367
- Trade debts +€11,825
up €11,825 (+834%), from €1,418 to €13,243
- Tax, wage and social debts +€3,038
up €3,038 (+68.1%), from €4,461 to €7,499
of which Remuneration and social security: +€2,200
- Gross operating margin -€41,323
down €41,323 (-98.3%), from €42,025 to €701
- Taxes -€8,784
down €8,784 (-98.4%), from €8,926 to €143
- Financial charges +€2,812
up €2,812 (+414%), from €679 to €3,491
of which Financial charges: +€1,584
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 | €67,919 | €41,741 | -€26,178 | -38.5% |
| Fixed assets | 21/28 | €367 | €52 | -€315 | -85.9% |
| Tangible fixed assets | 22/27 | €367 | €52 | -€315 | -85.9% |
| Plant, machinery and equipment | 23 | €367 | €52 | -€315 | -85.9% |
| Current assets | 29/58 | €67,551 | €41,689 | -€25,863 | -38.3% |
| Amounts receivable within one year | 40/41 | €17,256 | €26,627 | +€9,370 | +54.3% |
| Trade receivables | 40 | €12,963 | €19,770 | +€6,807 | +52.5% |
| Other amounts receivable | 41 | €4,294 | €6,857 | +€2,564 | +59.7% |
| Cash at bank and in hand | 54/58 | €49,586 | €14,958 | -€34,628 | -69.8% |
| Deferred charges and accrued income | 490/1 | €709 | €104 | -€605 | -85.4% |
| Total equity and liabilities | 10/49 | €67,919 | €41,741 | -€26,178 | -38.5% |
| Equity | 10/15 | €61,938 | €20,367 | -€41,571 | -67.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €56,938 | €15,367 | -€41,571 | -73.0% |
| Amounts payable | 17/49 | €5,981 | €21,373 | +€15,392 | +257% |
| Amounts payable within one year | 42/48 | €5,981 | €21,373 | +€15,392 | +257% |
| Trade debts | 44 | €1,418 | €13,243 | +€11,825 | +834% |
| Suppliers | 440/4 | €1,418 | €13,243 | +€11,825 | +834% |
| Advances received on contracts in progress | 46 | €102 | - | -€102 | |
| Taxes, remuneration and social security | 45 | €4,461 | €7,499 | +€3,038 | +68.1% |
| Taxes | 450/3 | €4,461 | €5,299 | +€838 | +18.8% |
| Remuneration and social security | 454/9 | - | €2,200 | +€2,200 | |
| Other amounts payable | 47/48 | - | €631 | +€631 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €315 | €315 | +€0 | 0.0% |
| Other operating charges | 640/8 | €1,816 | €1,927 | +€110 | +6.1% |
| Gross operating margin | 9900 | €42,025 | €701 | -€41,323 | -98.3% |
| Operating profit (loss) | 9901 | €39,893 | -€1,541 | -€41,434 | |
| Financial income | 75/76B | €0 | €104 | +€104 | +94,364% |
| Recurring financial income | 75 | €0 | €104 | +€104 | +94,364% |
| Financial charges | 65/66B | €679 | €3,491 | +€2,812 | +414% |
| Recurring financial charges | 65 | €679 | €2,263 | +€1,584 | +233% |
| Non-recurring financial charges | 66B | - | €1,228 | +€1,228 | |
| Profit (loss) for the period before taxes | 9903 | €39,214 | -€4,928 | -€44,142 | |
| Income taxes | 67/77 | €8,926 | €143 | -€8,784 | -98.4% |
| Profit (loss) for the period | 9904 | €30,288 | -€5,071 | -€35,358 | |
| Profit (loss) for the period to be appropriated | 9905 | €30,288 | -€5,071 | -€35,358 |
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 13 October 2026 via checked.be.