KEVADA: what changed
KEVADA
Largest movements
- Cash +€25,663
up €25,663 (+243%), from €10,557 to €36,220
mainly Receivables within one year (+€21,536) and Net result for the year (+€10,029)
- Receivables within one year -€21,536
down €21,536 (-30.0%), from €71,714 to €50,178
of which Trade receivables: -€19,203
- Stocks and contracts -€3,348
down €3,348 (-45.8%), from €7,313 to €3,965
- Other debts -€19,747
down €19,747 (-44.5%), from €44,380 to €24,633
- Profit (loss) carried forward +€10,029
up €10,029 (+72.1%), from €13,916 to €23,945
- Tax, wage and social debts +€10,019
up €10,019 (+254%), from €3,941 to €13,960
- Other operating charges +€9,100
up €9,100 (+228%), from €3,994 to €13,094
- Gross operating margin +€3,171
up €3,171 (+9.7%), from €32,645 to €35,817
- Financial income -€1,490
down €1,490 (-98.2%), from €1,518 to €28
- Depreciation -€683
down €683 (-74.2%), from €919 to €237
- Financial charges -€613
down €613 (-13.5%), from €4,548 to €3,934
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 | €89,873 | €90,414 | +€542 | +0.6% |
| Fixed assets | 21/28 | €288 | €51 | -€237 | -82.2% |
| Tangible fixed assets | 22/27 | €288 | €51 | -€237 | -82.2% |
| Plant, machinery and equipment | 23 | €288 | €51 | -€237 | -82.2% |
| Current assets | 29/58 | €89,585 | €90,363 | +€779 | +0.9% |
| Stocks and contracts in progress | 3 | €7,313 | €3,965 | -€3,348 | -45.8% |
| Stocks | 30/36 | €7,313 | €3,965 | -€3,348 | -45.8% |
| Amounts receivable within one year | 40/41 | €71,714 | €50,178 | -€21,536 | -30.0% |
| Trade receivables | 40 | €66,582 | €47,379 | -€19,203 | -28.8% |
| Other amounts receivable | 41 | €5,132 | €2,799 | -€2,333 | -45.5% |
| Cash at bank and in hand | 54/58 | €10,557 | €36,220 | +€25,663 | +243% |
| Total equity and liabilities | 10/49 | €89,873 | €90,414 | +€542 | +0.6% |
| Equity | 10/15 | €41,479 | €51,509 | +€10,029 | +24.2% |
| Contributions | 10/11 | €8,060 | €8,060 | = | 0.0% |
| Reserves | 13 | €19,503 | €19,503 | = | 0.0% |
| Distributable reserves | 133 | €19,503 | €19,503 | = | 0.0% |
| Profit (loss) carried forward | 14 | €13,916 | €23,945 | +€10,029 | +72.1% |
| Amounts payable | 17/49 | €48,393 | €38,906 | -€9,487 | -19.6% |
| Amounts payable within one year | 42/48 | €48,393 | €38,906 | -€9,487 | -19.6% |
| Trade debts | 44 | €72 | €313 | +€241 | +334% |
| Suppliers | 440/4 | €72 | €313 | +€241 | +334% |
| Taxes, remuneration and social security | 45 | €3,941 | €13,960 | +€10,019 | +254% |
| Taxes | 450/3 | €3,941 | €13,960 | +€10,019 | +254% |
| Other amounts payable | 47/48 | €44,380 | €24,633 | -€19,747 | -44.5% |
| Remuneration, social security and pensions | 62 | €615 | €795 | +€180 | +29.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €919 | €237 | -€683 | -74.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €178 | +€178 | |
| Other operating charges | 640/8 | €3,994 | €13,094 | +€9,100 | +228% |
| Gross operating margin | 9900 | €32,645 | €35,817 | +€3,171 | +9.7% |
| Operating profit (loss) | 9901 | €27,117 | €21,513 | -€5,604 | -20.7% |
| Financial income | 75/76B | €1,518 | €28 | -€1,490 | -98.2% |
| Recurring financial income | 75 | €1,518 | €28 | -€1,490 | -98.2% |
| Financial charges | 65/66B | €4,548 | €3,934 | -€613 | -13.5% |
| Recurring financial charges | 65 | €4,548 | €3,934 | -€613 | -13.5% |
| Profit (loss) for the period before taxes | 9903 | €24,088 | €17,607 | -€6,481 | -26.9% |
| Income taxes | 67/77 | €7,868 | €7,578 | -€290 | -3.7% |
| Profit (loss) for the period | 9904 | €16,220 | €10,029 | -€6,191 | -38.2% |
| Profit (loss) for the period to be appropriated | 9905 | €16,220 | €10,029 | -€6,191 | -38.2% |
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.