KDV Commercial Projects & Services: 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.
KDV Commercial Projects & Services
Largest movements
- Cash +€10,234
up €10,234 (+79.4%), from €12,892 to €23,125
mainly Tax, wage and social debts (+€7,457) and Trade debts (+€6,744)
- Tangible fixed assets +€6,698
up €6,698 (+225%), from €2,983 to €9,681
- Deferred charges and accrued income +€4,088
up €4,088, from €0 to €4,088
- Receivables within one year -€2,095
down €2,095 (-26.4%), from €7,930 to €5,834
of which Trade receivables: -€2,060
- Tax, wage and social debts +€7,457
up €7,457 (+396%), from €1,884 to €9,341
- Trade debts +€6,744
up €6,744 (+554%), from €1,217 to €7,961
- Profit (loss) carried forward +€3,752
up €3,752 (+99.2%), from -€3,782 to -€30
- Other debts +€970
up €970 (+5.0%), from €19,485 to €20,455
- Gross operating margin -€9,743
down €9,743 (-43.1%), from €22,618 to €12,875
- Depreciation +€3,960
up €3,960 (+324%), from €1,222 to €5,181
- Taxes +€1,992
up €1,992 (+538%), from €370 to €2,362
- Other operating charges -€431
down €431 (-26.2%), from €1,647 to €1,216
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 | €23,804 | €42,728 | +€18,924 | +79.5% |
| Fixed assets | 21/28 | €2,983 | €9,681 | +€6,698 | +225% |
| Tangible fixed assets | 22/27 | €2,983 | €9,681 | +€6,698 | +225% |
| Furniture and vehicles | 24 | €2,983 | €9,681 | +€6,698 | +225% |
| Current assets | 29/58 | €20,821 | €33,047 | +€12,226 | +58.7% |
| Amounts receivable within one year | 40/41 | €7,930 | €5,834 | -€2,095 | -26.4% |
| Trade receivables | 40 | €7,895 | €5,834 | -€2,060 | -26.1% |
| Other amounts receivable | 41 | €35 | €0 | -€35 | -100% |
| Cash at bank and in hand | 54/58 | €12,892 | €23,125 | +€10,234 | +79.4% |
| Deferred charges and accrued income | 490/1 | €0 | €4,088 | +€4,088 | |
| Total equity and liabilities | 10/49 | €23,804 | €42,728 | +€18,924 | +79.5% |
| Equity | 10/15 | €1,218 | €4,970 | +€3,752 | +308% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,782 | -€30 | +€3,752 | +99.2% |
| Amounts payable | 17/49 | €22,586 | €37,758 | +€15,172 | +67.2% |
| Amounts payable within one year | 42/48 | €22,586 | €37,758 | +€15,172 | +67.2% |
| Trade debts | 44 | €1,217 | €7,961 | +€6,744 | +554% |
| Suppliers | 440/4 | €1,217 | €7,961 | +€6,744 | +554% |
| Taxes, remuneration and social security | 45 | €1,884 | €9,341 | +€7,457 | +396% |
| Taxes | 450/3 | €1,884 | €9,341 | +€7,457 | +396% |
| Other amounts payable | 47/48 | €19,485 | €20,455 | +€970 | +5.0% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,222 | €5,181 | +€3,960 | +324% |
| Other operating charges | 640/8 | €1,647 | €1,216 | -€431 | -26.2% |
| Gross operating margin | 9900 | €22,618 | €12,875 | -€9,743 | -43.1% |
| Operating profit (loss) | 9901 | €19,750 | €6,478 | -€13,272 | -67.2% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €200 | €364 | +€164 | +82.3% |
| Recurring financial charges | 65 | €200 | €364 | +€164 | +82.3% |
| Profit (loss) for the period before taxes | 9903 | €19,550 | €6,114 | -€13,437 | -68.7% |
| Income taxes | 67/77 | €370 | €2,362 | +€1,992 | +538% |
| Profit (loss) for the period | 9904 | €19,180 | €3,752 | -€15,428 | -80.4% |
| Profit (loss) for the period to be appropriated | 9905 | €19,180 | €3,752 | -€15,428 | -80.4% |
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 26 October 2026 via checked.be.