KAVEE: 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.
KAVEE
Largest movements
- Cash +€13,603
up €13,603 (+30.8%), from €44,156 to €57,759
mainly Receivables within one year (+€10,455) and Depreciation (+€2,732)
- Receivables within one year -€10,455
down €10,455 (-15.2%), from €68,805 to €58,350
of which Other amounts receivable: -€8,128
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin -€14,998
down €14,998 (-74.1%), from €20,249 to €5,251
- Financial charges +€6,925
up €6,925, from -€5,696 to €1,229
- Taxes -€4,841
down €4,841 (-64.9%), from €7,461 to €2,620
- Depreciation -€1,696
down €1,696 (-38.3%), from €4,429 to €2,732
- Financial income -€1,399
down €1,399 (-25.4%), from €5,507 to €4,108
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 | €505,886 | €506,001 | +€114 | 0.0% |
| Fixed assets | 21/28 | €109,804 | €107,072 | -€2,732 | -2.5% |
| Tangible fixed assets | 22/27 | €3,955 | €1,223 | -€2,732 | -69.1% |
| Plant, machinery and equipment | 23 | €176 | €0 | -€176 | -100.0% |
| Furniture and vehicles | 24 | €3,779 | €1,223 | -€2,556 | -67.6% |
| Financial fixed assets | 28 | €105,849 | €105,849 | = | 0.0% |
| Current assets | 29/58 | €396,082 | €398,928 | +€2,847 | +0.7% |
| Amounts receivable within one year | 40/41 | €68,805 | €58,350 | -€10,455 | -15.2% |
| Trade receivables | 40 | €7,972 | €5,645 | -€2,327 | -29.2% |
| Other amounts receivable | 41 | €60,833 | €52,705 | -€8,128 | -13.4% |
| Current investments | 50/53 | €280,943 | €280,641 | -€302 | -0.1% |
| Cash at bank and in hand | 54/58 | €44,156 | €57,759 | +€13,603 | +30.8% |
| Deferred charges and accrued income | 490/1 | €2,178 | €2,178 | = | 0.0% |
| Total equity and liabilities | 10/49 | €505,886 | €506,001 | +€114 | 0.0% |
| Equity | 10/15 | €501,119 | €503,648 | +€2,529 | +0.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €488,719 | €491,248 | +€2,529 | +0.5% |
| Distributable reserves | 133 | €488,719 | €491,248 | +€2,529 | +0.5% |
| Amounts payable | 17/49 | €4,767 | €2,352 | -€2,415 | -50.7% |
| Amounts payable after more than one year | 17 | €140 | €140 | = | 0.0% |
| Other amounts payable | 178/9 | €140 | €140 | = | 0.0% |
| Amounts payable within one year | 42/48 | €4,442 | €2,212 | -€2,229 | -50.2% |
| Trade debts | 44 | €593 | €1,176 | +€583 | +98.4% |
| Suppliers | 440/4 | €593 | €1,176 | +€583 | +98.4% |
| Taxes, remuneration and social security | 45 | €3,717 | €959 | -€2,758 | -74.2% |
| Taxes | 450/3 | €3,717 | €959 | -€2,758 | -74.2% |
| Other amounts payable | 47/48 | €132 | €78 | -€54 | -41.1% |
| Accrued charges and deferred income | 492/3 | €185 | €0 | -€185 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,429 | €2,732 | -€1,696 | -38.3% |
| Other operating charges | 640/8 | €441 | €248 | -€193 | -43.7% |
| Gross operating margin | 9900 | €20,249 | €5,251 | -€14,998 | -74.1% |
| Operating profit (loss) | 9901 | €15,379 | €2,270 | -€13,109 | -85.2% |
| Financial income | 75/76B | €5,507 | €4,108 | -€1,399 | -25.4% |
| Recurring financial income | 75 | €5,507 | €4,108 | -€1,399 | -25.4% |
| Financial charges | 65/66B | -€5,696 | €1,229 | +€6,925 | |
| Recurring financial charges | 65 | -€5,696 | €1,229 | +€6,925 | |
| Profit (loss) for the period before taxes | 9903 | €26,582 | €5,149 | -€21,433 | -80.6% |
| Income taxes | 67/77 | €7,461 | €2,620 | -€4,841 | -64.9% |
| Profit (loss) for the period | 9904 | €19,121 | €2,529 | -€16,592 | -86.8% |
| Profit (loss) for the period to be appropriated | 9905 | €19,121 | €2,529 | -€16,592 | -86.8% |
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 9 October 2026 via checked.be.