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
- Current investments +€40,116
up €40,116 (+80.2%), from €50,000 to €90,116
- Tangible fixed assets -€18,554
down €18,554 (-23.9%), from €77,569 to €59,016
- Cash +€11,373
up €11,373 (+35.9%), from €31,672 to €43,045
mainly Net result for the year (+€42,536) and Depreciation (+€18,554)
- Reserves +€42,536
up €42,536 (+27.8%), from €153,041 to €195,576
- Debts after one year -€12,072
down €12,072 (-85.4%), from €14,133 to €2,061
- Other debts +€3,962
up €3,962 (+899.5%), from €440 to €4,402
- Depreciation +€3,355
up €3,355 (+22.1%), from €15,199 to €18,554
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 | €186,407 | €221,535 | +€35,128 | +18.8% |
| Fixed assets | 21/28 | €77,579 | €59,026 | -€18,554 | -23.9% |
| Tangible fixed assets | 22/27 | €77,569 | €59,016 | -€18,554 | -23.9% |
| Furniture and vehicles | 24 | €77,569 | €59,016 | -€18,554 | -23.9% |
| Financial fixed assets | 28 | €10 | €10 | = | 0.0% |
| Current assets | 29/58 | €108,828 | €162,509 | +€53,681 | +49.3% |
| Amounts receivable within one year | 40/41 | €24,557 | €26,556 | +€1,998 | +8.1% |
| Trade receivables | 40 | €23,921 | €25,336 | +€1,415 | +5.9% |
| Other amounts receivable | 41 | €637 | €1,220 | +€583 | +91.6% |
| Current investments | 50/53 | €50,000 | €90,116 | +€40,116 | +80.2% |
| Cash at bank and in hand | 54/58 | €31,672 | €43,045 | +€11,373 | +35.9% |
| Deferred charges and accrued income | 490/1 | €2,598 | €2,792 | +€194 | +7.4% |
| Total equity and liabilities | 10/49 | €186,407 | €221,535 | +€35,128 | +18.8% |
| Equity | 10/15 | €158,041 | €200,576 | +€42,536 | +26.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €153,041 | €195,576 | +€42,536 | +27.8% |
| Distributable reserves | 133 | €153,041 | €195,576 | +€42,536 | +27.8% |
| Amounts payable | 17/49 | €28,366 | €20,958 | -€7,408 | -26.1% |
| Amounts payable after more than one year | 17 | €14,133 | €2,061 | -€12,072 | -85.4% |
| Financial debts | 170/4 | €14,133 | €2,061 | -€12,072 | -85.4% |
| Amounts payable within one year | 42/48 | €14,233 | €18,897 | +€4,664 | +32.8% |
| Current portion of amounts payable after more than one year | 42 | €11,579 | €12,072 | +€492 | +4.3% |
| Trade debts | 44 | €2,209 | €2,423 | +€214 | +9.7% |
| Suppliers | 440/4 | €2,209 | €2,423 | +€214 | +9.7% |
| Taxes, remuneration and social security | 45 | €4 | €0 | -€4 | -100.0% |
| Taxes | 450/3 | €4 | €0 | -€4 | -100.0% |
| Other amounts payable | 47/48 | €440 | €4,402 | +€3,962 | +899.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,199 | €18,554 | +€3,355 | +22.1% |
| Other operating charges | 640/8 | €1,057 | €1,032 | -€26 | -2.4% |
| Gross operating margin | 9900 | €74,425 | €74,219 | -€206 | -0.3% |
| Operating profit (loss) | 9901 | €58,169 | €54,634 | -€3,535 | -6.1% |
| Financial income | 75/76B | €848 | €292 | -€556 | -65.5% |
| Recurring financial income | 75 | €848 | €292 | -€556 | -65.5% |
| Financial charges | 65/66B | €1,182 | €1,213 | +€30 | +2.6% |
| Recurring financial charges | 65 | €1,182 | €1,213 | +€30 | +2.6% |
| Profit (loss) for the period before taxes | 9903 | €57,834 | €53,713 | -€4,121 | -7.1% |
| Income taxes | 67/77 | €11,754 | €11,178 | -€577 | -4.9% |
| Profit (loss) for the period | 9904 | €46,080 | €42,536 | -€3,544 | -7.7% |
| Profit (loss) for the period to be appropriated | 9905 | €46,080 | €42,536 | -€3,544 | -7.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.