KAVANO: 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.
KAVANO
Largest movements
- Cash +€58,066
up €58,066 (+249.2%), from €23,297 to €81,364
mainly Other debts (+€138,870) and Tax, wage and social debts (+€13,170)
- Tangible fixed assets +€16,038
up €16,038 (+48.3%), from €33,203 to €49,241
- Receivables within one year +€8,807
up €8,807 (+305.6%), from €2,882 to €11,689
of which Trade receivables: +€11,689
- Deferred charges and accrued income +€3,034
up €3,034 (+208.0%), from €1,459 to €4,494
- Other debts +€138,870
up €138,870, from €0 to €138,870
- Profit (loss) carried forward -€67,943
down €67,943 (-179.3%), from -€37,902 to -€105,846
- Tax, wage and social debts +€13,170
up €13,170 (+3493.2%), from €377 to €13,547
of which Taxes: +€10,306
- Trade debts +€1,849
up €1,849 (+42.3%), from €4,373 to €6,221
- Gross operating margin -€74,812
down €74,812, from €22,752 to -€52,060
- Depreciation +€3,282
up €3,282 (+43.4%), from €7,563 to €10,844
- Financial charges -€2,734
down €2,734 (-57.0%), from €4,797 to €2,063
- Other operating charges +€1,187
up €1,187 (+81.3%), from €1,461 to €2,648
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 | €60,842 | €146,787 | +€85,945 | +141.3% |
| Fixed assets | 21/28 | €33,203 | €49,241 | +€16,038 | +48.3% |
| Tangible fixed assets | 22/27 | €33,203 | €49,241 | +€16,038 | +48.3% |
| Land and buildings | 22 | - | €4,500 | +€4,500 | |
| Plant, machinery and equipment | 23 | €1,097 | €7,012 | +€5,916 | +539.5% |
| Furniture and vehicles | 24 | €32,107 | €31,126 | -€980 | -3.1% |
| Other tangible fixed assets | 26 | - | €6,603 | +€6,603 | |
| Current assets | 29/58 | €27,638 | €97,546 | +€69,908 | +252.9% |
| Amounts receivable within one year | 40/41 | €2,882 | €11,689 | +€8,807 | +305.6% |
| Trade receivables | 40 | €0 | €11,689 | +€11,689 | |
| Other amounts receivable | 41 | €2,882 | €0 | -€2,882 | -100.0% |
| Cash at bank and in hand | 54/58 | €23,297 | €81,364 | +€58,066 | +249.2% |
| Deferred charges and accrued income | 490/1 | €1,459 | €4,494 | +€3,034 | +208.0% |
| Total equity and liabilities | 10/49 | €60,842 | €146,787 | +€85,945 | +141.3% |
| Equity | 10/15 | €6,092 | -€61,851 | -€67,943 | |
| Contributions | 10/11 | €12,500 | €12,500 | = | 0.0% |
| Reserves | 13 | €31,494 | €31,494 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €29,634 | €29,634 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€37,902 | -€105,846 | -€67,943 | -179.3% |
| Amounts payable | 17/49 | €54,750 | €208,638 | +€153,889 | +281.1% |
| Amounts payable after more than one year | 17 | €50,000 | €50,000 | = | 0.0% |
| Financial debts | 170/4 | €50,000 | €50,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €4,750 | €158,638 | +€153,889 | +3239.9% |
| Trade debts | 44 | €4,373 | €6,221 | +€1,849 | +42.3% |
| Suppliers | 440/4 | €4,373 | €6,221 | +€1,849 | +42.3% |
| Taxes, remuneration and social security | 45 | €377 | €13,547 | +€13,170 | +3493.2% |
| Taxes | 450/3 | €377 | €10,683 | +€10,306 | +2733.7% |
| Remuneration and social security | 454/9 | €0 | €2,864 | +€2,864 | |
| Other amounts payable | 47/48 | €0 | €138,870 | +€138,870 | |
| Non-recurring operating income | 76A | €42,975 | €0 | -€42,975 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,563 | €10,844 | +€3,282 | +43.4% |
| Other operating charges | 640/8 | €1,461 | €2,648 | +€1,187 | +81.3% |
| Gross operating margin | 9900 | €22,752 | -€52,060 | -€74,812 | |
| Operating profit (loss) | 9901 | €13,729 | -€65,551 | -€79,280 | |
| Financial income | 75/76B | €0 | €41 | +€41 | |
| Recurring financial income | 75 | €0 | €41 | +€41 | |
| Financial charges | 65/66B | €4,797 | €2,063 | -€2,734 | -57.0% |
| Recurring financial charges | 65 | €4,797 | €2,063 | -€2,734 | -57.0% |
| Profit (loss) for the period before taxes | 9903 | €8,932 | -€67,573 | -€76,504 | |
| Income taxes | 67/77 | €377 | €370 | -€7 | -1.8% |
| Profit (loss) for the period | 9904 | €8,555 | -€67,943 | -€76,498 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,555 | -€67,943 | -€76,498 |
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 4 October 2026 via checked.be.