KAVEVE: 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.
KAVEVE
Largest movements
- Receivables within one year +€2,926
up €2,926 (+8.2%), from €35,849 to €38,775
of which Other amounts receivable: +€2,708
- Tangible fixed assets -€1,805
down €1,805 (-35.9%), from €5,026 to €3,221
- Cash +€1,229
up €1,229 (+49.9%), from €2,465 to €3,694
mainly Net result for the year (+€4,975) and Current portion of long-term debt (+€2,539)
- Reserves +€4,975
up €4,975 (+16.5%), from €30,233 to €35,208
- Tax, wage and social debts -€4,801
down €4,801 (-57.1%), from €8,408 to €3,607
- Current portion of long-term debt +€2,539
new in 2025: €2,539
- Gross operating margin +€2,599
up €2,599 (+26.1%), from €9,959 to €12,559
- Financial charges +€1,952
up €1,952 (+790.0%), from €247 to €2,199
- Depreciation +€1,416
up €1,416 (+363.3%), from €390 to €1,805
- Taxes -€776
down €776 (-24.7%), from €3,137 to €2,361
- Other operating charges -€476
down €476 (-28.1%), from €1,694 to €1,219
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 | €43,340 | €45,690 | +€2,350 | +5.4% |
| Fixed assets | 21/28 | €5,026 | €3,221 | -€1,805 | -35.9% |
| Tangible fixed assets | 22/27 | €5,026 | €3,221 | -€1,805 | -35.9% |
| Plant, machinery and equipment | 23 | €5,026 | €3,221 | -€1,805 | -35.9% |
| Current assets | 29/58 | €38,314 | €42,469 | +€4,155 | +10.8% |
| Amounts receivable within one year | 40/41 | €35,849 | €38,775 | +€2,926 | +8.2% |
| Trade receivables | 40 | - | €218 | +€218 | |
| Other amounts receivable | 41 | €35,849 | €38,557 | +€2,708 | +7.6% |
| Cash at bank and in hand | 54/58 | €2,465 | €3,694 | +€1,229 | +49.9% |
| Total equity and liabilities | 10/49 | €43,340 | €45,690 | +€2,350 | +5.4% |
| Equity | 10/15 | €32,233 | €37,208 | +€4,975 | +15.4% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €30,233 | €35,208 | +€4,975 | +16.5% |
| Distributable reserves | 133 | €30,233 | €35,208 | +€4,975 | +16.5% |
| Amounts payable | 17/49 | €11,107 | €8,482 | -€2,625 | -23.6% |
| Amounts payable within one year | 42/48 | €11,107 | €8,482 | -€2,625 | -23.6% |
| Current portion of amounts payable after more than one year | 42 | - | €2,539 | +€2,539 | |
| Trade debts | 44 | €2,699 | €2,336 | -€363 | -13.4% |
| Suppliers | 440/4 | €2,699 | €2,336 | -€363 | -13.4% |
| Taxes, remuneration and social security | 45 | €8,408 | €3,607 | -€4,801 | -57.1% |
| Taxes | 450/3 | €8,408 | €3,607 | -€4,801 | -57.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €390 | €1,805 | +€1,416 | +363.3% |
| Other operating charges | 640/8 | €1,694 | €1,219 | -€476 | -28.1% |
| Gross operating margin | 9900 | €9,959 | €12,559 | +€2,599 | +26.1% |
| Operating profit (loss) | 9901 | €7,875 | €9,535 | +€1,659 | +21.1% |
| Financial charges | 65/66B | €247 | €2,199 | +€1,952 | +790.0% |
| Recurring financial charges | 65 | €247 | €2,199 | +€1,952 | +790.0% |
| Profit (loss) for the period before taxes | 9903 | €7,628 | €7,335 | -€293 | -3.8% |
| Income taxes | 67/77 | €3,137 | €2,361 | -€776 | -24.7% |
| Profit (loss) for the period | 9904 | €4,491 | €4,975 | +€483 | +10.8% |
| Profit (loss) for the period to be appropriated | 9905 | €4,491 | €4,975 | +€483 | +10.8% |
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 8 October 2026 via checked.be.