KDV SERVICES: 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.
KDV SERVICES
Largest movements
- Receivables within one year -€4,468
down €4,468 (-9.1%), from €48,956 to €44,488
of which Trade receivables: -€3,102
- Cash +€2,873
up €2,873 (+1.8%), from €158,621 to €161,494
mainly Net result for the year (+€61,093) and Other debts (+€59,961)
- Other debts +€59,961
up €59,961 (+1825.4%), from €3,285 to €63,246
- Reserves -€53,130
down €53,130 (-28.2%), from €188,194 to €135,065
- Tax, wage and social debts -€12,733
down €12,733 (-56.2%), from €22,670 to €9,937
- Gross operating margin +€9,772
up €9,772 (+13.1%), from €74,396 to €84,168
- Taxes +€2,968
up €2,968 (+20.8%), from €14,269 to €17,237
- Financial charges -€998
down €998 (-36.0%), from €2,773 to €1,775
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 | €216,963 | €213,492 | -€3,471 | -1.6% |
| Fixed assets | 21/28 | €7,314 | €5,413 | -€1,902 | -26.0% |
| Tangible fixed assets | 22/27 | €7,314 | €5,413 | -€1,902 | -26.0% |
| Furniture and vehicles | 24 | €7,314 | €5,413 | -€1,902 | -26.0% |
| Current assets | 29/58 | €209,649 | €208,080 | -€1,569 | -0.7% |
| Amounts receivable within one year | 40/41 | €48,956 | €44,488 | -€4,468 | -9.1% |
| Trade receivables | 40 | €47,590 | €44,488 | -€3,102 | -6.5% |
| Other amounts receivable | 41 | €1,367 | €0 | -€1,367 | -100.0% |
| Cash at bank and in hand | 54/58 | €158,621 | €161,494 | +€2,873 | +1.8% |
| Deferred charges and accrued income | 490/1 | €2,072 | €2,098 | +€26 | +1.3% |
| Total equity and liabilities | 10/49 | €216,963 | €213,492 | -€3,471 | -1.6% |
| Equity | 10/15 | €190,694 | €137,565 | -€53,130 | -27.9% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €188,194 | €135,065 | -€53,130 | -28.2% |
| Distributable reserves | 133 | €188,194 | €135,065 | -€53,130 | -28.2% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €26,269 | €75,928 | +€49,659 | +189.0% |
| Amounts payable within one year | 42/48 | €26,205 | €75,143 | +€48,938 | +186.7% |
| Trade debts | 44 | €250 | €1,961 | +€1,711 | +683.3% |
| Suppliers | 440/4 | €250 | €1,961 | +€1,711 | +683.3% |
| Taxes, remuneration and social security | 45 | €22,670 | €9,937 | -€12,733 | -56.2% |
| Taxes | 450/3 | €22,670 | €9,937 | -€12,733 | -56.2% |
| Other amounts payable | 47/48 | €3,285 | €63,246 | +€59,961 | +1825.4% |
| Accrued charges and deferred income | 492/3 | €63 | €784 | +€721 | +1139.8% |
| Non-recurring operating income | 76A | €3,527 | - | -€3,527 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,463 | €2,892 | +€429 | +17.4% |
| Other operating charges | 640/8 | €1,762 | €1,171 | -€591 | -33.5% |
| Gross operating margin | 9900 | €74,396 | €84,168 | +€9,772 | +13.1% |
| Operating profit (loss) | 9901 | €70,171 | €80,105 | +€9,934 | +14.2% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €2,773 | €1,775 | -€998 | -36.0% |
| Recurring financial charges | 65 | €2,773 | €1,775 | -€998 | -36.0% |
| Profit (loss) for the period before taxes | 9903 | €67,399 | €78,330 | +€10,931 | +16.2% |
| Income taxes | 67/77 | €14,269 | €17,237 | +€2,968 | +20.8% |
| Profit (loss) for the period | 9904 | €53,130 | €61,093 | +€7,964 | +15.0% |
| Profit (loss) for the period to be appropriated | 9905 | €53,130 | €61,093 | +€7,964 | +15.0% |
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 1 October 2026 via checked.be.