KAVIDENTA: 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.
KAVIDENTA
Largest movements
- Current investments +€63,740
up €63,740 (+13.4%), from €476,637 to €540,377
- Cash +€27,691
up €27,691 (+4.9%), from €566,859 to €594,550
mainly Net result for the year (+€104,938) and Tax, wage and social debts (+€2,768)
- Reserves +€104,938
up €104,938 (+10.7%), from €978,453 to €1.1m
of which Distributable reserves: +€104,938
- Other debts -€15,521
down €15,521 (-55.5%), from €27,976 to €12,455
- Financial income +€4,688
up €4,688 (+859.9%), from €545 to €5,233
- Gross operating margin +€3,440
up €3,440 (+2.4%), from €143,100 to €146,540
- Taxes +€2,516
up €2,516 (+6.2%), from €40,623 to €43,139
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 | €1,048,821 | €1,140,766 | +€91,946 | +8.8% |
| Fixed assets | 21/28 | €4,474 | €3,527 | -€947 | -21.2% |
| Tangible fixed assets | 22/27 | €4,474 | €3,527 | -€947 | -21.2% |
| Plant, machinery and equipment | 23 | €1,827 | €1,459 | -€368 | -20.1% |
| Other tangible fixed assets | 26 | €2,647 | €2,067 | -€580 | -21.9% |
| Current assets | 29/58 | €1,044,347 | €1,137,240 | +€92,893 | +8.9% |
| Current investments | 50/53 | €476,637 | €540,377 | +€63,740 | +13.4% |
| Cash at bank and in hand | 54/58 | €566,859 | €594,550 | +€27,691 | +4.9% |
| Deferred charges and accrued income | 490/1 | €851 | €2,313 | +€1,461 | +171.7% |
| Total equity and liabilities | 10/49 | €1,048,821 | €1,140,766 | +€91,946 | +8.8% |
| Equity | 10/15 | €985,054 | €1,089,992 | +€104,938 | +10.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €978,453 | €1,083,391 | +€104,938 | +10.7% |
| Non-distributable reserves | 130/1 | €16,330 | €16,330 | = | 0.0% |
| Reserves not available under the articles | 1311 | €16,330 | €16,330 | = | 0.0% |
| Distributable reserves | 133 | €962,123 | €1,067,061 | +€104,938 | +10.9% |
| Profit (loss) carried forward | 14 | €401 | €401 | = | 0.0% |
| Amounts payable | 17/49 | €63,767 | €50,775 | -€12,992 | -20.4% |
| Amounts payable within one year | 42/48 | €63,767 | €50,775 | -€12,992 | -20.4% |
| Trade debts | 44 | €987 | €747 | -€240 | -24.3% |
| Suppliers | 440/4 | €987 | €747 | -€240 | -24.3% |
| Taxes, remuneration and social security | 45 | €34,804 | €37,572 | +€2,768 | +8.0% |
| Taxes | 450/3 | €30,510 | €33,279 | +€2,768 | +9.1% |
| Remuneration and social security | 454/9 | €4,293 | €4,293 | = | 0.0% |
| Other amounts payable | 47/48 | €27,976 | €12,455 | -€15,521 | -55.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,473 | €947 | -€526 | -35.7% |
| Other operating charges | 640/8 | €1,336 | €2,008 | +€673 | +50.4% |
| Gross operating margin | 9900 | €143,100 | €146,540 | +€3,440 | +2.4% |
| Operating profit (loss) | 9901 | €140,291 | €143,584 | +€3,293 | +2.3% |
| Financial income | 75/76B | €545 | €5,233 | +€4,688 | +859.9% |
| Recurring financial income | 75 | €545 | €5,233 | +€4,688 | +859.9% |
| Financial charges | 65/66B | €709 | €740 | +€31 | +4.3% |
| Recurring financial charges | 65 | €709 | €740 | +€31 | +4.3% |
| Profit (loss) for the period before taxes | 9903 | €140,127 | €148,077 | +€7,950 | +5.7% |
| Income taxes | 67/77 | €40,623 | €43,139 | +€2,516 | +6.2% |
| Profit (loss) for the period | 9904 | €99,504 | €104,938 | +€5,434 | +5.5% |
| Profit (loss) for the period to be appropriated | 9905 | €99,504 | €104,938 | +€5,434 | +5.5% |
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 3 October 2026 via checked.be.