KAVECOM: 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.
KAVECOM
Largest movements
- Receivables within one year +€12,028
up €12,028 (+5.7%), from €211,745 to €223,773
of which Other amounts receivable: +€11,902
- Tangible fixed assets +€9,762
up €9,762 (+5.4%), from €181,560 to €191,322
of which Plant, machinery and equipment: +€14,491
- Reserves +€19,143
up €19,143 (+6.1%), from €316,263 to €335,406
of which Distributable reserves: +€19,143
- Tax, wage and social debts +€5,724
up €5,724 (+50.9%), from €11,240 to €16,964
- Gross operating margin -€14,129
down €14,129 (-29.5%), from €47,902 to €33,773
- Taxes -€1,600
down €1,600 (-18.6%), from €8,600 to €7,000
- Financial income +€649
up €649 (+12.8%), from €5,052 to €5,700
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 | €393,320 | €417,529 | +€24,209 | +6.2% |
| Fixed assets | 21/28 | €181,575 | €191,337 | +€9,762 | +5.4% |
| Tangible fixed assets | 22/27 | €181,560 | €191,322 | +€9,762 | +5.4% |
| Land and buildings | 22 | €179,131 | €174,402 | -€4,729 | -2.6% |
| Plant, machinery and equipment | 23 | €2,429 | €16,920 | +€14,491 | +596.5% |
| Financial fixed assets | 28 | €15 | €15 | = | 0.0% |
| Current assets | 29/58 | €211,745 | €226,192 | +€14,447 | +6.8% |
| Amounts receivable within one year | 40/41 | €211,745 | €223,773 | +€12,028 | +5.7% |
| Trade receivables | 40 | €0 | €126 | +€126 | |
| Other amounts receivable | 41 | €211,745 | €223,647 | +€11,902 | +5.6% |
| Cash at bank and in hand | 54/58 | €0 | €2,419 | +€2,419 | |
| Total equity and liabilities | 10/49 | €393,320 | €417,529 | +€24,209 | +6.2% |
| Equity | 10/15 | €378,263 | €397,406 | +€19,143 | +5.1% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €316,263 | €335,406 | +€19,143 | +6.1% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €310,063 | €329,206 | +€19,143 | +6.2% |
| Amounts payable | 17/49 | €15,057 | €20,124 | +€5,067 | +33.6% |
| Amounts payable within one year | 42/48 | €14,658 | €20,124 | +€5,466 | +37.3% |
| Financial debts | 43 | €523 | €0 | -€523 | -100.0% |
| Credit institutions | 430/8 | €523 | €0 | -€523 | -100.0% |
| Trade debts | 44 | €2,895 | €3,160 | +€265 | +9.2% |
| Suppliers | 440/4 | €2,895 | €3,160 | +€265 | +9.2% |
| Taxes, remuneration and social security | 45 | €11,240 | €16,964 | +€5,724 | +50.9% |
| Taxes | 450/3 | €11,240 | €16,964 | +€5,724 | +50.9% |
| Accrued charges and deferred income | 492/3 | €399 | €0 | -€399 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,105 | €9,349 | +€244 | +2.7% |
| Other operating charges | 640/8 | €3,405 | €3,741 | +€337 | +9.9% |
| Gross operating margin | 9900 | €47,902 | €33,773 | -€14,129 | -29.5% |
| Operating profit (loss) | 9901 | €35,392 | €20,683 | -€14,710 | -41.6% |
| Financial income | 75/76B | €5,052 | €5,700 | +€649 | +12.8% |
| Recurring financial income | 75 | €5,052 | €5,700 | +€649 | +12.8% |
| Financial charges | 65/66B | €210 | €240 | +€30 | +14.3% |
| Recurring financial charges | 65 | €210 | €240 | +€30 | +14.3% |
| Profit (loss) for the period before taxes | 9903 | €40,234 | €26,143 | -€14,091 | -35.0% |
| Income taxes | 67/77 | €8,600 | €7,000 | -€1,600 | -18.6% |
| Profit (loss) for the period | 9904 | €31,634 | €19,143 | -€12,491 | -39.5% |
| Profit (loss) for the period to be appropriated | 9905 | €31,634 | €19,143 | -€12,491 | -39.5% |
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 3 October 2026 via checked.be.