KCV Consulting: 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.
KCV Consulting
Largest movements
- Receivables within one year +€31,253
up €31,253 (+381%), from €8,205 to €39,458
of which Other amounts receivable: +€30,399
- Current investments +€27,234
up €27,234 (+16.5%), from €164,780 to €192,014
- Tangible fixed assets +€5,506
up €5,506 (+130%), from €4,245 to €9,752
of which Furniture and vehicles: +€5,706
- Deferred charges and accrued income -€5,059
down €5,059 (-19.4%), from €26,094 to €21,035
- Reserves +€80,327
up €80,327 (+48.5%), from €165,478 to €245,806
- Tax, wage and social debts -€26,167
down €26,167 (-41.3%), from €63,388 to €37,220
- Gross operating margin -€8,371
down €8,371 (-7.5%), from €112,087 to €103,716
- Taxes -€1,922
down €1,922 (-7.9%), from €24,402 to €22,479
- Financial charges +€1,813
up €1,813 (+285%), from €635 to €2,448
- Financial income +€1,459
up €1,459 (+36.9%), from €3,954 to €5,413
- Depreciation +€1,382
up €1,382 (+162%), from €853 to €2,235
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 | €231,746 | €290,146 | +€58,400 | +25.2% |
| Fixed assets | 21/28 | €4,245 | €9,752 | +€5,506 | +130% |
| Tangible fixed assets | 22/27 | €4,245 | €9,752 | +€5,506 | +130% |
| Plant, machinery and equipment | 23 | €1,981 | €1,781 | -€200 | -10.1% |
| Furniture and vehicles | 24 | €2,264 | €7,970 | +€5,706 | +252% |
| Current assets | 29/58 | €227,500 | €280,395 | +€52,894 | +23.3% |
| Amounts receivable within one year | 40/41 | €8,205 | €39,458 | +€31,253 | +381% |
| Trade receivables | 40 | €7,393 | €8,247 | +€854 | +11.6% |
| Other amounts receivable | 41 | €812 | €31,211 | +€30,399 | +3,742% |
| Current investments | 50/53 | €164,780 | €192,014 | +€27,234 | +16.5% |
| Cash at bank and in hand | 54/58 | €28,420 | €27,887 | -€533 | -1.9% |
| Deferred charges and accrued income | 490/1 | €26,094 | €21,035 | -€5,059 | -19.4% |
| Total equity and liabilities | 10/49 | €231,746 | €290,146 | +€58,400 | +25.2% |
| Equity | 10/15 | €167,478 | €247,806 | +€80,327 | +48.0% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €165,478 | €245,806 | +€80,327 | +48.5% |
| Distributable reserves | 133 | €165,478 | €245,806 | +€80,327 | +48.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €64,267 | €42,340 | -€21,927 | -34.1% |
| Amounts payable within one year | 42/48 | €64,267 | €39,911 | -€24,356 | -37.9% |
| Trade debts | 44 | €880 | €1,891 | +€1,011 | +115% |
| Suppliers | 440/4 | €880 | €1,891 | +€1,011 | +115% |
| Taxes, remuneration and social security | 45 | €63,388 | €37,220 | -€26,167 | -41.3% |
| Taxes | 450/3 | €63,388 | €37,220 | -€26,167 | -41.3% |
| Other amounts payable | 47/48 | €0 | €800 | +€800 | |
| Accrued charges and deferred income | 492/3 | - | €2,429 | +€2,429 | |
| Non-recurring operating income | 76A | €4,240 | €0 | -€4,240 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €853 | €2,235 | +€1,382 | +162% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €715 | €839 | +€124 | +17.3% |
| Gross operating margin | 9900 | €112,087 | €103,716 | -€8,371 | -7.5% |
| Operating profit (loss) | 9901 | €110,519 | €100,642 | -€9,877 | -8.9% |
| Financial income | 75/76B | €3,954 | €5,413 | +€1,459 | +36.9% |
| Recurring financial income | 75 | €3,954 | €5,413 | +€1,459 | +36.9% |
| Financial charges | 65/66B | €635 | €2,448 | +€1,813 | +285% |
| Recurring financial charges | 65 | €635 | €2,448 | +€1,813 | +285% |
| Profit (loss) for the period before taxes | 9903 | €113,838 | €103,607 | -€10,231 | -9.0% |
| Income taxes | 67/77 | €24,402 | €22,479 | -€1,922 | -7.9% |
| Profit (loss) for the period | 9904 | €89,436 | €81,127 | -€8,309 | -9.3% |
| Profit (loss) for the period to be appropriated | 9905 | €89,436 | €81,127 | -€8,309 | -9.3% |
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 25 October 2026 via checked.be.