KDVgyn: what changed
KDVgyn
Largest movements
- Cash +€87,308
up €87,308 (+270%), from €32,353 to €119,662
mainly Net result for the year (+€92,939) and Tax, wage and social debts (+€18,247)
- Current investments +€11,904
up €11,904 (+170%), from €7,000 to €18,904
- Tangible fixed assets -€11,805
down €11,805 (-27.6%), from €42,728 to €30,924
- Receivables after one year +€10,000
new in 2025: €10,000
- Reserves +€92,939
up €92,939 (+403%), from €23,089 to €116,028
- Tax, wage and social debts +€18,247
up €18,247 (+239%), from €7,649 to €25,896
- Debts after one year -€11,678
down €11,678 (-36.1%), from €32,310 to €20,632
- Other debts -€2,713
down €2,713 (-95.0%), from €2,854 to €141
- Gross operating margin +€81,968
up €81,968 (+163%), from €50,359 to €132,327
- Taxes +€18,247
up €18,247 (+239%), from €7,649 to €25,896
- Depreciation -€3,944
down €3,944 (-25.0%), from €15,749 to €11,805
- Financial charges -€1,494
down €1,494 (-45.4%), from €3,291 to €1,797
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €82,082 | €179,489 | +€97,408 | +119% |
| Fixed assets | 21/28 | €42,728 | €30,924 | -€11,805 | -27.6% |
| Tangible fixed assets | 22/27 | €42,728 | €30,924 | -€11,805 | -27.6% |
| Furniture and vehicles | 24 | €42,728 | €30,924 | -€11,805 | -27.6% |
| Current assets | 29/58 | €39,353 | €148,566 | +€109,212 | +278% |
| Amounts receivable after more than one year | 29 | - | €10,000 | +€10,000 | |
| Other amounts receivable | 291 | - | €10,000 | +€10,000 | |
| Current investments | 50/53 | €7,000 | €18,904 | +€11,904 | +170% |
| Cash at bank and in hand | 54/58 | €32,353 | €119,662 | +€87,308 | +270% |
| Total equity and liabilities | 10/49 | €82,082 | €179,489 | +€97,408 | +119% |
| Equity | 10/15 | €28,089 | €121,028 | +€92,939 | +331% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Contributions outside capital | 11 | €5,000 | - | -€5,000 | |
| Other | 1109/19 | €5,000 | - | -€5,000 | |
| Reserves | 13 | €23,089 | €116,028 | +€92,939 | +403% |
| Distributable reserves | 133 | €23,089 | €116,028 | +€92,939 | +403% |
| Amounts payable | 17/49 | €53,993 | €58,461 | +€4,468 | +8.3% |
| Amounts payable after more than one year | 17 | €32,310 | €20,632 | -€11,678 | -36.1% |
| Financial debts | 170/4 | €32,310 | €20,632 | -€11,678 | -36.1% |
| Amounts payable within one year | 42/48 | €21,683 | €37,829 | +€16,146 | +74.5% |
| Current portion of amounts payable after more than one year | 42 | €11,180 | €11,678 | +€498 | +4.5% |
| Trade debts | 44 | - | €113 | +€113 | |
| Suppliers | 440/4 | - | €113 | +€113 | |
| Taxes, remuneration and social security | 45 | €7,649 | €25,896 | +€18,247 | +239% |
| Taxes | 450/3 | €7,649 | €25,896 | +€18,247 | +239% |
| Other amounts payable | 47/48 | €2,854 | €141 | -€2,713 | -95.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,749 | €11,805 | -€3,944 | -25.0% |
| Other operating charges | 640/8 | €582 | €190 | -€392 | -67.4% |
| Gross operating margin | 9900 | €50,359 | €132,327 | +€81,968 | +163% |
| Operating profit (loss) | 9901 | €34,029 | €120,333 | +€86,304 | +254% |
| Financial income | 75/76B | - | €300 | +€300 | |
| Recurring financial income | 75 | - | €300 | +€300 | |
| Financial charges | 65/66B | €3,291 | €1,797 | -€1,494 | -45.4% |
| Recurring financial charges | 65 | €3,291 | €1,797 | -€1,494 | -45.4% |
| Profit (loss) for the period before taxes | 9903 | €30,738 | €118,836 | +€88,098 | +287% |
| Income taxes | 67/77 | €7,649 | €25,896 | +€18,247 | +239% |
| Profit (loss) for the period | 9904 | €23,089 | €92,939 | +€69,851 | +303% |
| Profit (loss) for the period to be appropriated | 9905 | €23,089 | €92,939 | +€69,851 | +303% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.