KAVA: 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.
KAVA
Largest movements
- Cash -€41,609
down €41,609 (-16.4%), from €253,790 to €212,181
mainly Receivables within one year (-€25,433) and Debts after one year (-€20,042)
- Receivables within one year +€25,433
up €25,433 (+14.8%), from €171,661 to €197,094
of which Trade receivables: +€12,878
- Tangible fixed assets -€20,165
down €20,165 (-2.9%), from €698,580 to €678,415
of which Land and buildings: -€23,048
- Reserves -€22,861
down €22,861 (-4.3%), from €534,063 to €511,202
of which Tax-exempt reserves: -€22,861
- Debts after one year -€20,042
down €20,042 (-6.7%), from €301,254 to €281,212
- Profit (loss) carried forward +€17,515
up €17,515 (+6.9%), from -€254,461 to -€236,945
- Provisions -€11,431
down €11,431 (-6.5%), from €175,594 to €164,163
- Gross operating margin +€61,038
up €61,038, from -€43,135 to €17,903
- Other operating charges +€2,201
up €2,201 (+60.5%), from €3,638 to €5,839
- Financial charges -€1,992
down €1,992 (-32.9%), from €6,060 to €4,068
- Depreciation -€952
down €952 (-3.7%), from €25,727 to €24,775
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 | €1,137,717 | €1,101,166 | -€36,550 | -3.2% |
| Fixed assets | 21/28 | €710,580 | €690,415 | -€20,165 | -2.8% |
| Tangible fixed assets | 22/27 | €698,580 | €678,415 | -€20,165 | -2.9% |
| Land and buildings | 22 | €696,878 | €673,830 | -€23,048 | -3.3% |
| Furniture and vehicles | 24 | €1,702 | €4,585 | +€2,883 | +169% |
| Financial fixed assets | 28 | €12,000 | €12,000 | = | 0.0% |
| Current assets | 29/58 | €427,137 | €410,751 | -€16,385 | -3.8% |
| Amounts receivable within one year | 40/41 | €171,661 | €197,094 | +€25,433 | +14.8% |
| Trade receivables | 40 | €71,900 | €84,778 | +€12,878 | +17.9% |
| Other amounts receivable | 41 | €99,761 | €112,316 | +€12,555 | +12.6% |
| Cash at bank and in hand | 54/58 | €253,790 | €212,181 | -€41,609 | -16.4% |
| Deferred charges and accrued income | 490/1 | €1,686 | €1,477 | -€209 | -12.4% |
| Total equity and liabilities | 10/49 | €1,137,717 | €1,101,166 | -€36,550 | -3.2% |
| Equity | 10/15 | €577,075 | €571,729 | -€5,346 | -0.9% |
| Contributions | 10/11 | €297,472 | €297,472 | = | 0.0% |
| Capital | 10 | €297,472 | €297,472 | = | 0.0% |
| Issued capital | 100 | €297,472 | €297,472 | = | 0.0% |
| Reserves | 13 | €534,063 | €511,202 | -€22,861 | -4.3% |
| Non-distributable reserves | 130/1 | €7,282 | €7,282 | = | 0.0% |
| Legal reserve | 130 | €7,282 | €7,282 | = | 0.0% |
| Tax-exempt reserves | 132 | €526,781 | €503,920 | -€22,861 | -4.3% |
| Profit (loss) carried forward | 14 | -€254,461 | -€236,945 | +€17,515 | +6.9% |
| Provisions and deferred taxes | 16 | €175,594 | €164,163 | -€11,431 | -6.5% |
| Deferred taxes | 168 | €175,594 | €164,163 | -€11,431 | -6.5% |
| Amounts payable | 17/49 | €385,048 | €365,275 | -€19,773 | -5.1% |
| Amounts payable after more than one year | 17 | €301,254 | €281,212 | -€20,042 | -6.7% |
| Financial debts | 170/4 | €301,254 | €281,212 | -€20,042 | -6.7% |
| Amounts payable within one year | 42/48 | €83,784 | €83,568 | -€216 | -0.3% |
| Current portion of amounts payable after more than one year | 42 | €19,786 | €18,388 | -€1,398 | -7.1% |
| Financial debts | 43 | €21,140 | €12,830 | -€8,310 | -39.3% |
| Credit institutions | 430/8 | €140 | - | -€140 | |
| Other loans | 439 | €21,000 | €12,830 | -€8,170 | -38.9% |
| Trade debts | 44 | €42,859 | €49,713 | +€6,855 | +16.0% |
| Suppliers | 440/4 | €42,859 | €49,713 | +€6,855 | +16.0% |
| Taxes, remuneration and social security | 45 | - | €2,637 | +€2,637 | |
| Taxes | 450/3 | - | €2,637 | +€2,637 | |
| Accrued charges and deferred income | 492/3 | €10 | €495 | +€485 | +4,934% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,727 | €24,775 | -€952 | -3.7% |
| Other operating charges | 640/8 | €3,638 | €5,839 | +€2,201 | +60.5% |
| Gross operating margin | 9900 | -€43,135 | €17,903 | +€61,038 | |
| Operating profit (loss) | 9901 | -€72,499 | -€12,711 | +€59,788 | +82.5% |
| Financial income | 75/76B | €0 | €2 | +€2 | +9,900% |
| Recurring financial income | 75 | €0 | €2 | +€2 | +9,900% |
| Financial charges | 65/66B | €6,060 | €4,068 | -€1,992 | -32.9% |
| Recurring financial charges | 65 | €6,060 | €4,068 | -€1,992 | -32.9% |
| Profit (loss) for the period before taxes | 9903 | -€78,560 | -€16,777 | +€61,783 | +78.6% |
| Transfer from deferred taxes | 780 | - | €11,431 | +€11,431 | |
| Income taxes | 67/77 | €20 | - | -€20 | |
| Profit (loss) for the period | 9904 | -€78,579 | -€5,346 | +€73,233 | +93.2% |
| Transfer from tax-exempt reserves | 789 | - | €22,861 | +€22,861 | |
| Profit (loss) for the period to be appropriated | 9905 | -€78,579 | €17,515 | +€96,095 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.