KELVION BVBA: 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.
KELVION BVBA
Largest movements
- Cash +€572,466
up €572,466 (+29.4%), from €1.9m to €2.5m
mainly Net result for the year (+€315,735) and Advances received (+€201,579)
- Tangible fixed assets +€44,396
up €44,396 (+47.2%), from €93,965 to €138,361
of which Plant, machinery and equipment: +€39,554
- Profit (loss) carried forward +€315,735
up €315,735 (+16.4%), from €1.9m to €2.2m
- Advances received +€201,579
new in 2025: €201,579
- Trade debts +€167,309
up €167,309 (+35.9%), from €465,743 to €633,052
- Tax, wage and social debts -€48,302
down €48,302 (-32.8%), from €147,194 to €98,892
of which Taxes: -€55,850
- Gross operating margin -€86,619
down €86,619 (-7.8%), from €1.1m to €1.0m
- Staff costs +€57,585
up €57,585 (+9.9%), from €582,335 to €639,920
- Provisions -€35,000
down €35,000, from €15,000 to -€20,000
- Taxes -€23,391
down €23,391 (-17.6%), from €133,086 to €109,695
- Depreciation -€22,344
down €22,344 (-48.1%), from €46,433 to €24,088
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 | €3,740,088 | €4,382,811 | +€642,723 | +17.2% |
| Fixed assets | 21/28 | €94,715 | €139,111 | +€44,396 | +46.9% |
| Tangible fixed assets | 22/27 | €93,965 | €138,361 | +€44,396 | +47.2% |
| Plant, machinery and equipment | 23 | €88,482 | €128,037 | +€39,554 | +44.7% |
| Furniture and vehicles | 24 | €5,482 | €10,324 | +€4,841 | +88.3% |
| Financial fixed assets | 28 | €750 | €750 | = | 0.0% |
| Current assets | 29/58 | €3,645,373 | €4,243,700 | +€598,327 | +16.4% |
| Stocks and contracts in progress | 3 | €709,987 | €703,774 | -€6,213 | -0.9% |
| Stocks | 30/36 | €709,987 | €703,774 | -€6,213 | -0.9% |
| Amounts receivable within one year | 40/41 | €988,711 | €1,010,347 | +€21,636 | +2.2% |
| Trade receivables | 40 | €985,730 | €985,284 | -€446 | 0.0% |
| Other amounts receivable | 41 | €2,981 | €25,063 | +€22,082 | +741% |
| Cash at bank and in hand | 54/58 | €1,946,555 | €2,519,022 | +€572,466 | +29.4% |
| Deferred charges and accrued income | 490/1 | €120 | €10,558 | +€10,438 | +8,709% |
| Total equity and liabilities | 10/49 | €3,740,088 | €4,382,811 | +€642,723 | +17.2% |
| Equity | 10/15 | €3,071,063 | €3,386,798 | +€315,735 | +10.3% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €1,121,855 | €1,121,855 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €1,120,000 | €1,120,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,930,658 | €2,246,393 | +€315,735 | +16.4% |
| Provisions and deferred taxes | 16 | €50,000 | €30,000 | -€20,000 | -40.0% |
| Provisions for liabilities and charges | 160/5 | €50,000 | €30,000 | -€20,000 | -40.0% |
| Other liabilities and charges | 164/5 | €50,000 | €30,000 | -€20,000 | -40.0% |
| Amounts payable | 17/49 | €619,025 | €966,013 | +€346,988 | +56.1% |
| Amounts payable within one year | 42/48 | €612,938 | €933,523 | +€320,586 | +52.3% |
| Trade debts | 44 | €465,743 | €633,052 | +€167,309 | +35.9% |
| Suppliers | 440/4 | €465,743 | €633,052 | +€167,309 | +35.9% |
| Advances received on contracts in progress | 46 | - | €201,579 | +€201,579 | |
| Taxes, remuneration and social security | 45 | €147,194 | €98,892 | -€48,302 | -32.8% |
| Taxes | 450/3 | €101,374 | €45,524 | -€55,850 | -55.1% |
| Remuneration and social security | 454/9 | €45,821 | €53,368 | +€7,547 | +16.5% |
| Accrued charges and deferred income | 492/3 | €6,088 | €32,489 | +€26,402 | +434% |
| Remuneration, social security and pensions | 62 | €582,335 | €639,920 | +€57,585 | +9.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,433 | €24,088 | -€22,344 | -48.1% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €15,000 | -€20,000 | -€35,000 | |
| Other operating charges | 640/8 | €3,671 | €3,905 | +€234 | +6.4% |
| Gross operating margin | 9900 | €1,109,616 | €1,022,997 | -€86,619 | -7.8% |
| Operating profit (loss) | 9901 | €462,178 | €375,084 | -€87,093 | -18.8% |
| Financial income | 75/76B | €67,662 | €55,129 | -€12,533 | -18.5% |
| Recurring financial income | 75 | €67,662 | €55,129 | -€12,533 | -18.5% |
| Financial charges | 65/66B | €20,159 | €4,783 | -€15,376 | -76.3% |
| Recurring financial charges | 65 | €20,159 | €4,783 | -€15,376 | -76.3% |
| Profit (loss) for the period before taxes | 9903 | €509,680 | €425,430 | -€84,250 | -16.5% |
| Income taxes | 67/77 | €133,086 | €109,695 | -€23,391 | -17.6% |
| Profit (loss) for the period | 9904 | €376,594 | €315,735 | -€60,859 | -16.2% |
| Profit (loss) for the period to be appropriated | 9905 | €376,594 | €315,735 | -€60,859 | -16.2% |
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.