KaVeWe: 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.
KaVeWe
Largest movements
- Tangible fixed assets +€33,767
up €33,767 (+11.0%), from €306,737 to €340,504
of which Furniture and vehicles: +€33,995
- Current investments +€22,077
new in 2025: €22,077
- Cash +€12,522
up €12,522 (+195%), from €6,414 to €18,937
mainly Other debts (+€118,596) and Net result for the year (+€75,957)
- Other debts +€118,596
up €118,596 (+4,031%), from €2,942 to €121,538
- Profit (loss) carried forward -€41,328
down €41,328 (-72.1%), from €57,285 to €15,957
- Debts after one year -€8,199
down €8,199 (-3.8%), from €215,679 to €207,480
- Gross operating margin +€13,649
up €13,649 (+12.6%), from €107,907 to €121,555
- Depreciation -€9,763
down €9,763 (-46.3%), from €21,103 to €11,340
- Taxes +€5,547
up €5,547 (+36.7%), from €15,118 to €20,665
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.
Derived cash bridge
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 | €335,849 | €408,957 | +€73,108 | +21.8% |
| Fixed assets | 21/28 | €306,777 | €340,544 | +€33,767 | +11.0% |
| Tangible fixed assets | 22/27 | €306,737 | €340,504 | +€33,767 | +11.0% |
| Land and buildings | 22 | €304,739 | €302,441 | -€2,298 | -0.8% |
| Plant, machinery and equipment | 23 | €250 | €2,320 | +€2,070 | +829% |
| Furniture and vehicles | 24 | €1,749 | €35,744 | +€33,995 | +1,944% |
| Financial fixed assets | 28 | €40 | €40 | = | 0.0% |
| Current assets | 29/58 | €29,072 | €68,413 | +€39,341 | +135% |
| Amounts receivable within one year | 40/41 | €18,834 | €22,339 | +€3,505 | +18.6% |
| Trade receivables | 40 | €14,520 | €16,456 | +€1,936 | +13.3% |
| Other amounts receivable | 41 | €4,314 | €5,883 | +€1,569 | +36.4% |
| Current investments | 50/53 | - | €22,077 | +€22,077 | |
| Cash at bank and in hand | 54/58 | €6,414 | €18,937 | +€12,522 | +195% |
| Deferred charges and accrued income | 490/1 | €3,824 | €5,061 | +€1,237 | +32.4% |
| Total equity and liabilities | 10/49 | €335,849 | €408,957 | +€73,108 | +21.8% |
| Equity | 10/15 | €89,588 | €48,260 | -€41,328 | -46.1% |
| Contributions | 10/11 | €1 | €1 | = | 0.0% |
| Reserves | 13 | €32,302 | €32,302 | = | 0.0% |
| Distributable reserves | 133 | €32,302 | €32,302 | = | 0.0% |
| Profit (loss) carried forward | 14 | €57,285 | €15,957 | -€41,328 | -72.1% |
| Amounts payable | 17/49 | €246,262 | €360,698 | +€114,436 | +46.5% |
| Amounts payable after more than one year | 17 | €215,679 | €207,480 | -€8,199 | -3.8% |
| Financial debts | 170/4 | €215,679 | €207,480 | -€8,199 | -3.8% |
| Amounts payable within one year | 42/48 | €29,039 | €150,909 | +€121,870 | +420% |
| Current portion of amounts payable after more than one year | 42 | €7,835 | €8,199 | +€363 | +4.6% |
| Trade debts | 44 | €509 | €2,300 | +€1,791 | +352% |
| Suppliers | 440/4 | €509 | €2,300 | +€1,791 | +352% |
| Taxes, remuneration and social security | 45 | €17,752 | €18,872 | +€1,119 | +6.3% |
| Taxes | 450/3 | €17,752 | €18,872 | +€1,119 | +6.3% |
| Other amounts payable | 47/48 | €2,942 | €121,538 | +€118,596 | +4,031% |
| Accrued charges and deferred income | 492/3 | €1,544 | €2,309 | +€765 | +49.5% |
| Remuneration, social security and pensions | 62 | €1,920 | €1,929 | +€9 | +0.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,103 | €11,340 | -€9,763 | -46.3% |
| Other operating charges | 640/8 | €2,462 | €3,137 | +€675 | +27.4% |
| Gross operating margin | 9900 | €107,907 | €121,555 | +€13,649 | +12.6% |
| Operating profit (loss) | 9901 | €82,422 | €105,150 | +€22,728 | +27.6% |
| Financial income | 75/76B | €1,678 | €2,413 | +€734 | +43.7% |
| Recurring financial income | 75 | €1,678 | €0 | -€1,678 | -100.0% |
| Non-recurring financial income | 76B | - | €2,413 | +€2,413 | |
| Financial charges | 65/66B | €11,697 | €10,940 | -€757 | -6.5% |
| Recurring financial charges | 65 | €11,697 | €10,940 | -€757 | -6.5% |
| Profit (loss) for the period before taxes | 9903 | €72,403 | €96,622 | +€24,219 | +33.5% |
| Income taxes | 67/77 | €15,118 | €20,665 | +€5,547 | +36.7% |
| Profit (loss) for the period | 9904 | €57,285 | €75,957 | +€18,672 | +32.6% |
| Profit (loss) for the period to be appropriated | 9905 | €57,285 | €75,957 | +€18,672 | +32.6% |
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 27 October 2026 via checked.be.