KAVARO Consult: 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.
KAVARO Consult
Largest movements
- Current investments +€88,340
up €88,340 (+631.0%), from €14,000 to €102,340
- Tangible fixed assets +€57,004
up €57,004 (+5770.8%), from €988 to €57,992
- Cash +€3,980
up €3,980 (+10.7%), from €37,318 to €41,297
mainly Net result for the year (+€132,974) and Tax, wage and social debts (+€18,408)
- Reserves +€132,974
up €132,974 (+284.1%), from €46,799 to €179,772
- Tax, wage and social debts +€18,408
up €18,408 (+73.6%), from €25,012 to €43,420
of which Taxes: +€20,249
- Gross operating margin +€112,976
up €112,976 (+191.1%), from €59,106 to €172,082
- Taxes +€25,872
up €25,872 (+212.9%), from €12,151 to €38,023
- Depreciation +€2,027
up €2,027 (+1941.5%), from €104 to €2,131
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 | €74,014 | €227,150 | +€153,136 | +206.9% |
| Fixed assets | 21/28 | €988 | €57,992 | +€57,004 | +5770.8% |
| Tangible fixed assets | 22/27 | €988 | €57,992 | +€57,004 | +5770.8% |
| Furniture and vehicles | 24 | €988 | €57,992 | +€57,004 | +5770.8% |
| Current assets | 29/58 | €73,026 | €169,158 | +€96,132 | +131.6% |
| Amounts receivable within one year | 40/41 | €21,709 | €23,293 | +€1,584 | +7.3% |
| Trade receivables | 40 | €21,709 | €23,293 | +€1,584 | +7.3% |
| Current investments | 50/53 | €14,000 | €102,340 | +€88,340 | +631.0% |
| Cash at bank and in hand | 54/58 | €37,318 | €41,297 | +€3,980 | +10.7% |
| Deferred charges and accrued income | 490/1 | - | €2,228 | +€2,228 | |
| Total equity and liabilities | 10/49 | €74,014 | €227,150 | +€153,136 | +206.9% |
| Equity | 10/15 | €47,799 | €180,772 | +€132,974 | +278.2% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €46,799 | €179,772 | +€132,974 | +284.1% |
| Distributable reserves | 133 | €46,799 | €179,772 | +€132,974 | +284.1% |
| Amounts payable | 17/49 | €26,216 | €46,378 | +€20,162 | +76.9% |
| Amounts payable within one year | 42/48 | €26,216 | €46,378 | +€20,162 | +76.9% |
| Trade debts | 44 | €1,204 | €1,804 | +€601 | +49.9% |
| Suppliers | 440/4 | €1,204 | €1,804 | +€601 | +49.9% |
| Taxes, remuneration and social security | 45 | €25,012 | €43,420 | +€18,408 | +73.6% |
| Taxes | 450/3 | €23,171 | €43,420 | +€20,249 | +87.4% |
| Remuneration and social security | 454/9 | €1,841 | €0 | -€1,841 | -100.0% |
| Other amounts payable | 47/48 | - | €1,154 | +€1,154 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €104 | €2,131 | +€2,027 | +1941.5% |
| Gross operating margin | 9900 | €59,106 | €172,082 | +€112,976 | +191.1% |
| Operating profit (loss) | 9901 | €59,002 | €169,951 | +€110,949 | +188.0% |
| Financial income | 75/76B | - | €1,082 | +€1,082 | |
| Recurring financial income | 75 | - | €1,082 | +€1,082 | |
| Financial charges | 65/66B | €52 | €36 | -€16 | -30.5% |
| Recurring financial charges | 65 | €52 | €36 | -€16 | -30.5% |
| Profit (loss) for the period before taxes | 9903 | €58,950 | €170,997 | +€112,047 | +190.1% |
| Income taxes | 67/77 | €12,151 | €38,023 | +€25,872 | +212.9% |
| Profit (loss) for the period | 9904 | €46,799 | €132,974 | +€86,175 | +184.1% |
| Profit (loss) for the period to be appropriated | 9905 | €46,799 | €132,974 | +€86,175 | +184.1% |
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 12 October 2026 via checked.be.