KAVERKO: 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.
KAVERKO
Largest movements
- Tangible fixed assets -€68,520
down €68,520 (-8.6%), from €793,274 to €724,755
of which Plant, machinery and equipment: -€39,911
- Cash +€51,078
up €51,078 (+42.9%), from €119,143 to €170,221
mainly Depreciation (+€84,513) and Other debts (+€67,482)
- Reserves -€128,766
down €128,766 (-18.4%), from €699,833 to €571,067
of which Distributable reserves: -€100,000
- Other debts +€67,482
up €67,482 (+828002.1%), from €8 to €67,490
- Profit (loss) carried forward +€26,003
up €26,003 (+41.0%), from €63,350 to €89,353
- Tax, wage and social debts +€20,948
up €20,948 (+92.8%), from €22,581 to €43,529
- Provisions -€14,812
down €14,812 (-23.6%), from €62,749 to €47,936
- Depreciation +€34,782
up €34,782 (+69.9%), from €49,731 to €84,513
- Other operating charges +€11,788
up €11,788 (+924.3%), from €1,275 to €13,063
- Gross operating margin +€9,484
up €9,484 (+11.3%), from €83,646 to €93,130
- Taxes -€9,035
down €9,035 (-39.7%), from €22,736 to €13,701
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 | €912,600 | €895,159 | -€17,441 | -1.9% |
| Fixed assets | 21/28 | €793,458 | €724,938 | -€68,520 | -8.6% |
| Tangible fixed assets | 22/27 | €793,274 | €724,755 | -€68,520 | -8.6% |
| Land and buildings | 22 | €584,655 | €555,216 | -€29,439 | -5.0% |
| Plant, machinery and equipment | 23 | €206,544 | €166,633 | -€39,911 | -19.3% |
| Furniture and vehicles | 24 | €2,076 | €2,906 | +€831 | +40.0% |
| Financial fixed assets | 28 | €183 | €183 | = | 0.0% |
| Current assets | 29/58 | €119,143 | €170,221 | +€51,078 | +42.9% |
| Cash at bank and in hand | 54/58 | €119,143 | €170,221 | +€51,078 | +42.9% |
| Total equity and liabilities | 10/49 | €912,600 | €895,159 | -€17,441 | -1.9% |
| Equity | 10/15 | €825,183 | €722,420 | -€102,763 | -12.5% |
| 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 | €699,833 | €571,067 | -€128,766 | -18.4% |
| Non-distributable reserves | 130/1 | €17,972 | €17,972 | = | 0.0% |
| Legal reserve | 130 | €17,972 | €17,972 | = | 0.0% |
| Tax-exempt reserves | 132 | €121,860 | €93,094 | -€28,766 | -23.6% |
| Distributable reserves | 133 | €560,000 | €460,000 | -€100,000 | -17.9% |
| Profit (loss) carried forward | 14 | €63,350 | €89,353 | +€26,003 | +41.0% |
| Provisions and deferred taxes | 16 | €62,749 | €47,936 | -€14,812 | -23.6% |
| Deferred taxes | 168 | €62,749 | €47,936 | -€14,812 | -23.6% |
| Amounts payable | 17/49 | €24,669 | €124,803 | +€100,134 | +405.9% |
| Amounts payable within one year | 42/48 | €24,669 | €120,153 | +€95,484 | +387.1% |
| Trade debts | 44 | €2,080 | €9,134 | +€7,053 | +339.1% |
| Suppliers | 440/4 | €2,080 | €9,134 | +€7,053 | +339.1% |
| Taxes, remuneration and social security | 45 | €22,581 | €43,529 | +€20,948 | +92.8% |
| Taxes | 450/3 | €22,581 | €43,529 | +€20,948 | +92.8% |
| Other amounts payable | 47/48 | €8 | €67,490 | +€67,482 | +828002.1% |
| Accrued charges and deferred income | 492/3 | - | €4,650 | +€4,650 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,731 | €84,513 | +€34,782 | +69.9% |
| Other operating charges | 640/8 | €1,275 | €13,063 | +€11,788 | +924.3% |
| Gross operating margin | 9900 | €83,646 | €93,130 | +€9,484 | +11.3% |
| Operating profit (loss) | 9901 | €32,640 | -€4,446 | -€37,086 | |
| Financial income | 75/76B | €783 | €696 | -€86 | -11.0% |
| Recurring financial income | 75 | €783 | €696 | -€86 | -11.0% |
| Financial charges | 65/66B | €146 | €125 | -€22 | -14.8% |
| Recurring financial charges | 65 | €146 | €125 | -€22 | -14.8% |
| Profit (loss) for the period before taxes | 9903 | €33,277 | -€3,874 | -€37,151 | |
| Transfer from deferred taxes | 780 | €14,812 | €14,812 | = | 0.0% |
| Income taxes | 67/77 | €22,736 | €13,701 | -€9,035 | -39.7% |
| Profit (loss) for the period | 9904 | €25,353 | -€2,763 | -€28,116 | |
| Transfer from tax-exempt reserves | 789 | €28,766 | €28,766 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €54,119 | €26,003 | -€28,116 | -52.0% |
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 29 September 2026 via checked.be.