KAVIS: 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.
KAVIS
Largest movements
- Cash -€312,748
down €312,748 (-98.5%), from €317,433 to €4,684
mainly Other debts (-€302,556) and Receivables within one year (-€35,295)
- Receivables within one year +€35,295
up €35,295 (+54.7%), from €64,517 to €99,813
of which Other amounts receivable: +€28,256
- Tangible fixed assets +€10,001
new in 2025: €10,001
- Current investments +€6,000
up €6,000 (+75.0%), from €8,000 to €14,000
- Other debts -€302,556
down €302,556 (-93.8%), from €322,519 to €19,962
- Profit (loss) carried forward +€55,360
up €55,360 (+84.1%), from €65,788 to €121,147
- Tax, wage and social debts -€13,896
down €13,896 (-69.4%), from €20,023 to €6,127
of which Taxes: -€17,023
- Taxes +€2,742
up €2,742 (+16.1%), from €17,023 to €19,765
- Gross operating margin -€1,877
down €1,877 (-2.4%), from €78,007 to €76,130
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 | €419,529 | €158,077 | -€261,452 | -62.3% |
| Fixed assets | 21/28 | - | €10,001 | +€10,001 | |
| Tangible fixed assets | 22/27 | - | €10,001 | +€10,001 | |
| Plant, machinery and equipment | 23 | - | €10,001 | +€10,001 | |
| Current assets | 29/58 | €419,529 | €148,076 | -€271,453 | -64.7% |
| Stocks and contracts in progress | 3 | €29,579 | €29,579 | = | 0.0% |
| Stocks | 30/36 | €29,579 | €29,579 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €64,517 | €99,813 | +€35,295 | +54.7% |
| Trade receivables | 40 | €60,338 | €67,377 | +€7,039 | +11.7% |
| Other amounts receivable | 41 | €4,179 | €32,436 | +€28,256 | +676.1% |
| Current investments | 50/53 | €8,000 | €14,000 | +€6,000 | +75.0% |
| Cash at bank and in hand | 54/58 | €317,433 | €4,684 | -€312,748 | -98.5% |
| Total equity and liabilities | 10/49 | €419,529 | €158,077 | -€261,452 | -62.3% |
| Equity | 10/15 | €75,788 | €131,147 | +€55,360 | +73.0% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €65,788 | €121,147 | +€55,360 | +84.1% |
| Amounts payable | 17/49 | €343,741 | €26,929 | -€316,812 | -92.2% |
| Amounts payable within one year | 42/48 | €343,741 | €26,929 | -€316,812 | -92.2% |
| Trade debts | 44 | €1,200 | €840 | -€360 | -30.0% |
| Suppliers | 440/4 | €1,200 | €840 | -€360 | -30.0% |
| Taxes, remuneration and social security | 45 | €20,023 | €6,127 | -€13,896 | -69.4% |
| Taxes | 450/3 | €17,023 | €0 | -€17,023 | -100.0% |
| Remuneration and social security | 454/9 | €3,000 | €6,127 | +€3,127 | +104.2% |
| Other amounts payable | 47/48 | €322,519 | €19,962 | -€302,556 | -93.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €455 | +€455 | |
| Other operating charges | 640/8 | €502 | €507 | +€5 | +1.0% |
| Gross operating margin | 9900 | €78,007 | €76,130 | -€1,877 | -2.4% |
| Operating profit (loss) | 9901 | €77,504 | €75,168 | -€2,336 | -3.0% |
| Financial charges | 65/66B | €0 | €44 | +€44 | |
| Recurring financial charges | 65 | €0 | €44 | +€44 | |
| Profit (loss) for the period before taxes | 9903 | €77,504 | €75,124 | -€2,380 | -3.1% |
| Income taxes | 67/77 | €17,023 | €19,765 | +€2,742 | +16.1% |
| Profit (loss) for the period | 9904 | €60,481 | €55,360 | -€5,122 | -8.5% |
| Profit (loss) for the period to be appropriated | 9905 | €60,481 | €55,360 | -€5,122 | -8.5% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.