KAVIA: 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.
KAVIA
Largest movements
- Financial fixed assets +€612,903
new in 2025: €612,903
- Receivables within one year +€122,112
up €122,112 (+1069.5%), from €11,418 to €133,530
of which Trade receivables: +€123,850
- Other debts +€615,576
up €615,576 (+17591.0%), from €3,499 to €619,076
- Reserves +€75,285
up €75,285 (+978.3%), from €7,696 to €82,981
- Tax, wage and social debts +€45,389
up €45,389 (+3181.9%), from €1,426 to €46,815
- Gross operating margin +€90,918
up €90,918 (+739.0%), from €12,302 to €103,221
- Taxes +€23,870
up €23,870 (+834.1%), from €2,862 to €26,732
- Other operating charges -€1,214
down €1,214 (-90.5%), from €1,342 to €128
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 | €20,135 | €757,891 | +€737,757 | +3664.1% |
| Fixed assets | 21/28 | €2,381 | €615,832 | +€613,451 | +25764.4% |
| Tangible fixed assets | 22/27 | €2,381 | €2,929 | +€548 | +23.0% |
| Furniture and vehicles | 24 | €2,381 | €2,929 | +€548 | +23.0% |
| Financial fixed assets | 28 | - | €612,903 | +€612,903 | |
| Current assets | 29/58 | €17,754 | €142,060 | +€124,306 | +700.2% |
| Amounts receivable within one year | 40/41 | €11,418 | €133,530 | +€122,112 | +1069.5% |
| Trade receivables | 40 | €9,680 | €133,530 | +€123,850 | +1279.4% |
| Other amounts receivable | 41 | €1,738 | €0 | -€1,738 | -100.0% |
| Cash at bank and in hand | 54/58 | €6,335 | €8,529 | +€2,194 | +34.6% |
| Total equity and liabilities | 10/49 | €20,135 | €757,891 | +€737,757 | +3664.1% |
| Equity | 10/15 | €10,696 | €85,981 | +€75,285 | +703.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €7,696 | €82,981 | +€75,285 | +978.3% |
| Distributable reserves | 133 | €7,696 | €82,981 | +€75,285 | +978.3% |
| Amounts payable | 17/49 | €9,439 | €671,911 | +€662,472 | +7018.5% |
| Amounts payable within one year | 42/48 | €9,439 | €671,911 | +€662,472 | +7018.5% |
| Trade debts | 44 | €4,513 | €6,020 | +€1,507 | +33.4% |
| Suppliers | 440/4 | €4,513 | €6,020 | +€1,507 | +33.4% |
| Taxes, remuneration and social security | 45 | €1,426 | €46,815 | +€45,389 | +3181.9% |
| Taxes | 450/3 | €1,426 | €46,815 | +€45,389 | +3181.9% |
| Other amounts payable | 47/48 | €3,499 | €619,076 | +€615,576 | +17591.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €328 | €826 | +€498 | +151.7% |
| Other operating charges | 640/8 | €1,342 | €128 | -€1,214 | -90.5% |
| Gross operating margin | 9900 | €12,302 | €103,221 | +€90,918 | +739.0% |
| Operating profit (loss) | 9901 | €10,632 | €102,267 | +€91,635 | +861.9% |
| Financial income | 75/76B | - | €2 | +€2 | |
| Recurring financial income | 75 | - | €2 | +€2 | |
| Financial charges | 65/66B | €75 | €252 | +€177 | +236.8% |
| Recurring financial charges | 65 | €75 | €252 | +€177 | +236.8% |
| Profit (loss) for the period before taxes | 9903 | €10,557 | €102,017 | +€91,460 | +866.3% |
| Income taxes | 67/77 | €2,862 | €26,732 | +€23,870 | +834.1% |
| Profit (loss) for the period | 9904 | €7,696 | €75,285 | +€67,590 | +878.3% |
| Profit (loss) for the period to be appropriated | 9905 | €7,696 | €75,285 | +€67,590 | +878.3% |
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.