KDV Invest: 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 Invest
Largest movements
- Cash +€20,394
up €20,394 (+64.8%), from €31,486 to €51,880
mainly Net result for the year (+€13,771) and Other debts (+€12,444)
- Deferred charges and accrued income +€2,119
new in 2025: €2,119
- Tangible fixed assets +€1,582
up €1,582 (+10.3%), from €15,307 to €16,890
- Receivables within one year +€847
up €847 (+1,041%), from €81 to €929
- Profit (loss) carried forward +€13,771
up €13,771 (+132%), from €10,430 to €24,201
- Other debts +€12,444
up €12,444 (+167%), from €7,430 to €19,874
- Trade debts -€9,920
down €9,920 (-46.5%), from €21,354 to €11,435
- Tax, wage and social debts +€8,647
up €8,647 (+161%), from €5,360 to €14,007
- Gross operating margin +€20,593
up €20,593 (+139%), from €14,775 to €35,368
- Other operating charges +€7,915
up €7,915 (+1,448%), from €547 to €8,461
- Staff costs +€3,749
new in 2025: €3,749
- Depreciation +€3,603
up €3,603 (+349%), from €1,033 to €4,637
- Taxes +€1,904
up €1,904 (+69.4%), from €2,745 to €4,649
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 | €49,574 | €74,517 | +€24,943 | +50.3% |
| Fixed assets | 21/28 | €18,007 | €19,590 | +€1,582 | +8.8% |
| Tangible fixed assets | 22/27 | €15,307 | €16,890 | +€1,582 | +10.3% |
| Furniture and vehicles | 24 | €15,307 | €16,890 | +€1,582 | +10.3% |
| Financial fixed assets | 28 | €2,700 | €2,700 | = | 0.0% |
| Current assets | 29/58 | €31,567 | €54,927 | +€23,360 | +74.0% |
| Amounts receivable within one year | 40/41 | €81 | €929 | +€847 | +1,041% |
| Other amounts receivable | 41 | €81 | €929 | +€847 | +1,041% |
| Cash at bank and in hand | 54/58 | €31,486 | €51,880 | +€20,394 | +64.8% |
| Deferred charges and accrued income | 490/1 | - | €2,119 | +€2,119 | |
| Total equity and liabilities | 10/49 | €49,574 | €74,517 | +€24,943 | +50.3% |
| Equity | 10/15 | €15,430 | €29,201 | +€13,771 | +89.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €10,430 | €24,201 | +€13,771 | +132% |
| Amounts payable | 17/49 | €34,144 | €45,316 | +€11,171 | +32.7% |
| Amounts payable within one year | 42/48 | €34,144 | €45,316 | +€11,171 | +32.7% |
| Trade debts | 44 | €21,354 | €11,435 | -€9,920 | -46.5% |
| Suppliers | 440/4 | €21,354 | €11,435 | -€9,920 | -46.5% |
| Taxes, remuneration and social security | 45 | €5,360 | €14,007 | +€8,647 | +161% |
| Taxes | 450/3 | €5,360 | €14,007 | +€8,647 | +161% |
| Other amounts payable | 47/48 | €7,430 | €19,874 | +€12,444 | +167% |
| Non-recurring operating income | 76A | €1,212 | - | -€1,212 | |
| Remuneration, social security and pensions | 62 | - | €3,749 | +€3,749 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,033 | €4,637 | +€3,603 | +349% |
| Other operating charges | 640/8 | €547 | €8,461 | +€7,915 | +1,448% |
| Gross operating margin | 9900 | €14,775 | €35,368 | +€20,593 | +139% |
| Operating profit (loss) | 9901 | €13,195 | €18,522 | +€5,327 | +40.4% |
| Financial income | 75/76B | €0 | €0 | +€0 | +100% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +100% |
| Financial charges | 65/66B | €20 | €102 | +€81 | +398% |
| Recurring financial charges | 65 | €20 | €102 | +€81 | +398% |
| Profit (loss) for the period before taxes | 9903 | €13,175 | €18,420 | +€5,245 | +39.8% |
| Income taxes | 67/77 | €2,745 | €4,649 | +€1,904 | +69.4% |
| Profit (loss) for the period | 9904 | €10,430 | €13,771 | +€3,342 | +32.0% |
| Profit (loss) for the period to be appropriated | 9905 | €10,430 | €13,771 | +€3,342 | +32.0% |
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.