KAVANDO: 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.
KAVANDO
Largest movements
- Cash +€30,666
up €30,666 (+222%), from €13,787 to €44,454
mainly Net result for the year (+€34,205) and Trade debts (+€11,236)
- Receivables within one year +€20,665
up €20,665 (+125%), from €16,550 to €37,215
of which Other amounts receivable: +€22,743
- Profit (loss) carried forward +€34,205
up €34,205 (+179%), from €19,124 to €53,329
- Trade debts +€11,236
new in 2025: €11,236
- Tax, wage and social debts +€5,081
up €5,081 (+45.7%), from €11,121 to €16,201
- Gross operating margin +€19,131
up €19,131 (+77.8%), from €24,596 to €43,726
- Taxes +€3,944
up €3,944 (+71.2%), from €5,536 to €9,480
- Financial income +€847
up €847 (+436%), from €194 to €1,042
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 | €32,745 | €83,266 | +€50,522 | +154% |
| Fixed assets | 21/28 | €1,665 | €1,313 | -€351 | -21.1% |
| Tangible fixed assets | 22/27 | €1,665 | €1,313 | -€351 | -21.1% |
| Plant, machinery and equipment | 23 | €1,665 | €1,313 | -€351 | -21.1% |
| Current assets | 29/58 | €31,080 | €81,953 | +€50,873 | +164% |
| Amounts receivable within one year | 40/41 | €16,550 | €37,215 | +€20,665 | +125% |
| Trade receivables | 40 | €10,165 | €8,087 | -€2,078 | -20.4% |
| Other amounts receivable | 41 | €6,385 | €29,128 | +€22,743 | +356% |
| Cash at bank and in hand | 54/58 | €13,787 | €44,454 | +€30,666 | +222% |
| Deferred charges and accrued income | 490/1 | €743 | €284 | -€459 | -61.8% |
| Total equity and liabilities | 10/49 | €32,745 | €83,266 | +€50,522 | +154% |
| Equity | 10/15 | €21,624 | €55,829 | +€34,205 | +158% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €19,124 | €53,329 | +€34,205 | +179% |
| Amounts payable | 17/49 | €11,121 | €27,438 | +€16,317 | +147% |
| Amounts payable within one year | 42/48 | €11,121 | €27,438 | +€16,317 | +147% |
| Trade debts | 44 | - | €11,236 | +€11,236 | |
| Suppliers | 440/4 | - | €11,236 | +€11,236 | |
| Taxes, remuneration and social security | 45 | €11,121 | €16,201 | +€5,081 | +45.7% |
| Taxes | 450/3 | €11,121 | €16,201 | +€5,081 | +45.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €92 | €351 | +€259 | +281% |
| Other operating charges | 640/8 | - | €400 | +€400 | |
| Gross operating margin | 9900 | €24,596 | €43,726 | +€19,131 | +77.8% |
| Operating profit (loss) | 9901 | €24,504 | €42,975 | +€18,472 | +75.4% |
| Financial income | 75/76B | €194 | €1,042 | +€847 | +436% |
| Recurring financial income | 75 | €194 | €1,042 | +€847 | +436% |
| Financial charges | 65/66B | €38 | €332 | +€295 | +779% |
| Recurring financial charges | 65 | €38 | €332 | +€295 | +779% |
| Profit (loss) for the period before taxes | 9903 | €24,660 | €43,685 | +€19,024 | +77.1% |
| Income taxes | 67/77 | €5,536 | €9,480 | +€3,944 | +71.2% |
| Profit (loss) for the period | 9904 | €19,124 | €34,205 | +€15,080 | +78.9% |
| Profit (loss) for the period to be appropriated | 9905 | €19,124 | €34,205 | +€15,080 | +78.9% |
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 16 October 2026 via checked.be.