Kevago: 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.
Kevago
Largest movements
- Cash +€43,597
up €43,597 (+157%), from €27,719 to €71,316
mainly Net result for the year (+€74,796) and Other debts (+€74,289)
- Receivables within one year -€6,228
down €6,228 (-28.2%), from €22,119 to €15,891
of which Trade receivables: -€4,297
- Tangible fixed assets -€2,782
down €2,782 (-45.4%), from €6,127 to €3,345
of which Furniture and vehicles: -€2,287
- Other debts +€74,289
up €74,289 (+199%), from €37,392 to €111,682
- Profit (loss) carried forward -€38,701
down €38,701 (-100%), from €38,701 to €0
- Gross operating margin +€14,075
up €14,075 (+15.3%), from €91,758 to €105,833
- Taxes +€4,524
up €4,524 (+20.4%), from €22,178 to €26,702
- Depreciation -€2,809
down €2,809 (-50.2%), from €5,591 to €2,782
- Financial charges -€2,639
down €2,639 (-88.2%), from €2,991 to €352
- Other operating charges -€1,402
down €1,402 (-51.6%), from €2,716 to €1,314
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 | €222,261 | €256,028 | +€33,767 | +15.2% |
| Fixed assets | 21/28 | €171,460 | €168,678 | -€2,782 | -1.6% |
| Tangible fixed assets | 22/27 | €6,127 | €3,345 | -€2,782 | -45.4% |
| Plant, machinery and equipment | 23 | €787 | €291 | -€496 | -63.0% |
| Furniture and vehicles | 24 | €5,340 | €3,054 | -€2,287 | -42.8% |
| Financial fixed assets | 28 | €165,333 | €165,333 | = | 0.0% |
| Current assets | 29/58 | €50,801 | €87,350 | +€36,550 | +71.9% |
| Amounts receivable within one year | 40/41 | €22,119 | €15,891 | -€6,228 | -28.2% |
| Trade receivables | 40 | €19,297 | €15,000 | -€4,297 | -22.3% |
| Other amounts receivable | 41 | €2,822 | €891 | -€1,931 | -68.4% |
| Cash at bank and in hand | 54/58 | €27,719 | €71,316 | +€43,597 | +157% |
| Deferred charges and accrued income | 490/1 | €963 | €144 | -€819 | -85.0% |
| Total equity and liabilities | 10/49 | €222,261 | €256,028 | +€33,767 | +15.2% |
| Equity | 10/15 | €181,965 | €143,264 | -€38,701 | -21.3% |
| Contributions | 10/11 | €3,720 | €3,720 | = | 0.0% |
| Reserves | 13 | €139,544 | €139,544 | = | 0.0% |
| Distributable reserves | 133 | €139,544 | €139,544 | = | 0.0% |
| Profit (loss) carried forward | 14 | €38,701 | €0 | -€38,701 | -100% |
| Amounts payable | 17/49 | €40,296 | €112,764 | +€72,468 | +180% |
| Amounts payable within one year | 42/48 | €40,296 | €112,764 | +€72,468 | +180% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €2,904 | €1,083 | -€1,821 | -62.7% |
| Suppliers | 440/4 | €2,904 | €1,083 | -€1,821 | -62.7% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €37,392 | €111,682 | +€74,289 | +199% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,591 | €2,782 | -€2,809 | -50.2% |
| Other operating charges | 640/8 | €2,716 | €1,314 | -€1,402 | -51.6% |
| Gross operating margin | 9900 | €91,758 | €105,833 | +€14,075 | +15.3% |
| Operating profit (loss) | 9901 | €83,451 | €101,737 | +€18,286 | +21.9% |
| Financial income | 75/76B | €80 | €113 | +€33 | +41.3% |
| Recurring financial income | 75 | €80 | €113 | +€33 | +41.3% |
| Financial charges | 65/66B | €2,991 | €352 | -€2,639 | -88.2% |
| Recurring financial charges | 65 | €2,991 | €352 | -€2,639 | -88.2% |
| Profit (loss) for the period before taxes | 9903 | €80,540 | €101,498 | +€20,958 | +26.0% |
| Income taxes | 67/77 | €22,178 | €26,702 | +€4,524 | +20.4% |
| Profit (loss) for the period | 9904 | €58,362 | €74,796 | +€16,434 | +28.2% |
| Profit (loss) for the period to be appropriated | 9905 | €58,362 | €74,796 | +€16,434 | +28.2% |
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 24 October 2026 via checked.be.