KAVA: 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.
KAVA
Largest movements
- Tangible fixed assets -€9,871
down €9,871 (-36.0%), from €27,402 to €17,531
of which Furniture and vehicles: -€6,454
- Stocks and contracts -€5,686
down €5,686 (-4.4%), from €129,204 to €123,519
- Receivables within one year -€2,762
down €2,762 (-6.0%), from €46,114 to €43,352
of which Trade receivables: -€5,663
- Debts after one year -€8,603
down €8,603 (-44.2%), from €19,478 to €10,875
- Tax, wage and social debts -€5,456
down €5,456 (-47.0%), from €11,602 to €6,145
of which Taxes: -€4,992
- Other debts -€4,218
down €4,218 (-29.8%), from €14,131 to €9,913
- Gross operating margin -€13,592
down €13,592 (-40.5%), from €33,536 to €19,944
- Taxes -€1,060
down €1,060 (-33.3%), from €3,182 to €2,121
- Staff costs -€1,046
down €1,046 (-22.0%), from €4,747 to €3,700
- Depreciation -€580
down €580 (-5.5%), from €10,451 to €9,871
- Other operating charges +€391
up €391 (+27.9%), from €1,403 to €1,794
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 | €219,916 | €200,920 | -€18,995 | -8.6% |
| Fixed assets | 21/28 | €28,265 | €18,394 | -€9,871 | -34.9% |
| Tangible fixed assets | 22/27 | €27,402 | €17,531 | -€9,871 | -36.0% |
| Plant, machinery and equipment | 23 | €564 | €265 | -€300 | -53.1% |
| Furniture and vehicles | 24 | €17,486 | €11,032 | -€6,454 | -36.9% |
| Other tangible fixed assets | 26 | €9,352 | €6,234 | -€3,117 | -33.3% |
| Financial fixed assets | 28 | €863 | €863 | = | 0.0% |
| Current assets | 29/58 | €191,651 | €182,526 | -€9,125 | -4.8% |
| Stocks and contracts in progress | 3 | €129,204 | €123,519 | -€5,686 | -4.4% |
| Stocks | 30/36 | €129,204 | €123,519 | -€5,686 | -4.4% |
| Amounts receivable within one year | 40/41 | €46,114 | €43,352 | -€2,762 | -6.0% |
| Trade receivables | 40 | €46,114 | €40,451 | -€5,663 | -12.3% |
| Other amounts receivable | 41 | - | €2,901 | +€2,901 | |
| Cash at bank and in hand | 54/58 | €14,260 | €13,429 | -€830 | -5.8% |
| Deferred charges and accrued income | 490/1 | €2,072 | €2,226 | +€154 | +7.4% |
| Total equity and liabilities | 10/49 | €219,916 | €200,920 | -€18,995 | -8.6% |
| Equity | 10/15 | €100,560 | €101,724 | +€1,165 | +1.2% |
| Contributions | 10/11 | €21,071 | €21,071 | = | 0.0% |
| Reserves | 13 | €41,799 | €43,797 | +€1,998 | +4.8% |
| Non-distributable reserves | 130/1 | €2,107 | €2,107 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,107 | €2,107 | = | 0.0% |
| Distributable reserves | 133 | €39,692 | €41,690 | +€1,998 | +5.0% |
| Profit (loss) carried forward | 14 | €37,690 | €36,857 | -€833 | -2.2% |
| Amounts payable | 17/49 | €119,356 | €99,196 | -€20,160 | -16.9% |
| Amounts payable after more than one year | 17 | €19,478 | €10,875 | -€8,603 | -44.2% |
| Financial debts | 170/4 | €19,478 | €10,875 | -€8,603 | -44.2% |
| Amounts payable within one year | 42/48 | €99,685 | €88,121 | -€11,563 | -11.6% |
| Current portion of amounts payable after more than one year | 42 | €8,485 | €8,603 | +€118 | +1.4% |
| Trade debts | 44 | €65,467 | €63,460 | -€2,007 | -3.1% |
| Suppliers | 440/4 | €65,467 | €63,460 | -€2,007 | -3.1% |
| Taxes, remuneration and social security | 45 | €11,602 | €6,145 | -€5,456 | -47.0% |
| Taxes | 450/3 | €10,830 | €5,838 | -€4,992 | -46.1% |
| Remuneration and social security | 454/9 | €772 | €307 | -€465 | -60.2% |
| Other amounts payable | 47/48 | €14,131 | €9,913 | -€4,218 | -29.8% |
| Accrued charges and deferred income | 492/3 | €194 | €200 | +€6 | +3.2% |
| Remuneration, social security and pensions | 62 | €4,747 | €3,700 | -€1,046 | -22.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,451 | €9,871 | -€580 | -5.5% |
| Other operating charges | 640/8 | €1,403 | €1,794 | +€391 | +27.9% |
| Gross operating margin | 9900 | €33,536 | €19,944 | -€13,592 | -40.5% |
| Operating profit (loss) | 9901 | €16,936 | €4,579 | -€12,357 | -73.0% |
| Financial income | 75/76B | €99 | €291 | +€191 | +192.5% |
| Recurring financial income | 75 | €99 | €291 | +€191 | +192.5% |
| Financial charges | 65/66B | €888 | €751 | -€137 | -15.4% |
| Recurring financial charges | 65 | €888 | €751 | -€137 | -15.4% |
| Profit (loss) for the period before taxes | 9903 | €16,148 | €4,119 | -€12,029 | -74.5% |
| Income taxes | 67/77 | €3,182 | €2,121 | -€1,060 | -33.3% |
| Profit (loss) for the period | 9904 | €12,966 | €1,998 | -€10,969 | -84.6% |
| Profit (loss) for the period to be appropriated | 9905 | €12,966 | €1,998 | -€10,969 | -84.6% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.