KEVAN PRINTING: 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.
KEVAN PRINTING
Largest movements
- Tangible fixed assets -€9,216
down €9,216 (-14.5%), from €63,731 to €54,515
of which Furniture and vehicles: -€7,297
- Stocks and contracts +€8,235
up €8,235 (+126%), from €6,561 to €14,796
- Receivables within one year +€4,689
up €4,689 (+61.7%), from €7,601 to €12,290
of which Trade receivables: +€5,716
- Cash +€2,569
up €2,569 (+34.1%), from €7,545 to €10,115
mainly Depreciation (+€12,437) and Trade debts (+€8,567)
- Deferred charges and accrued income +€982
new in 2025: €982
- Trade debts +€8,567
up €8,567 (+680%), from €1,259 to €9,827
- Debts after one year -€7,881
down €7,881 (-25.9%), from €30,452 to €22,571
- Profit (loss) carried forward +€5,217
up €5,217 (+86.6%), from -€6,025 to -€808
- Tax, wage and social debts +€2,944
up €2,944 (+32.3%), from €9,126 to €12,070
of which Taxes: +€2,605
- Other debts -€1,886
down €1,886 (-5.8%), from €32,523 to €30,637
- Gross operating margin +€9,046
up €9,046 (+65.4%), from €13,823 to €22,869
- Depreciation +€2,670
up €2,670 (+27.3%), from €9,768 to €12,437
- Financial charges +€1,587
up €1,587 (+94.6%), from €1,678 to €3,265
- Taxes +€1,027
up €1,027 (+127%), from €806 to €1,833
- Financial income -€943
down €943 (-100%), from €943 to €0
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 | €85,561 | €92,821 | +€7,259 | +8.5% |
| Fixed assets | 21/28 | €63,853 | €54,637 | -€9,216 | -14.4% |
| Tangible fixed assets | 22/27 | €63,731 | €54,515 | -€9,216 | -14.5% |
| Land and buildings | 22 | €3,711 | €2,474 | -€1,237 | -33.3% |
| Plant, machinery and equipment | 23 | €2,866 | €2,184 | -€682 | -23.8% |
| Furniture and vehicles | 24 | €57,154 | €49,857 | -€7,297 | -12.8% |
| Financial fixed assets | 28 | €122 | €122 | = | 0.0% |
| Current assets | 29/58 | €21,708 | €38,183 | +€16,475 | +75.9% |
| Stocks and contracts in progress | 3 | €6,561 | €14,796 | +€8,235 | +126% |
| Stocks | 30/36 | €6,561 | €14,796 | +€8,235 | +126% |
| Amounts receivable within one year | 40/41 | €7,601 | €12,290 | +€4,689 | +61.7% |
| Trade receivables | 40 | €5,907 | €11,624 | +€5,716 | +96.8% |
| Other amounts receivable | 41 | €1,694 | €667 | -€1,027 | -60.6% |
| Cash at bank and in hand | 54/58 | €7,545 | €10,115 | +€2,569 | +34.1% |
| Deferred charges and accrued income | 490/1 | - | €982 | +€982 | |
| Total equity and liabilities | 10/49 | €85,561 | €92,821 | +€7,259 | +8.5% |
| Equity | 10/15 | €3,975 | €9,192 | +€5,217 | +131% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,025 | -€808 | +€5,217 | +86.6% |
| Amounts payable | 17/49 | €81,587 | €83,629 | +€2,042 | +2.5% |
| Amounts payable after more than one year | 17 | €30,452 | €22,571 | -€7,881 | -25.9% |
| Financial debts | 170/4 | €30,452 | €22,571 | -€7,881 | -25.9% |
| Amounts payable within one year | 42/48 | €51,135 | €61,058 | +€9,923 | +19.4% |
| Current portion of amounts payable after more than one year | 42 | €8,226 | €8,524 | +€298 | +3.6% |
| Trade debts | 44 | €1,259 | €9,827 | +€8,567 | +680% |
| Suppliers | 440/4 | €1,259 | €9,827 | +€8,567 | +680% |
| Taxes, remuneration and social security | 45 | €9,126 | €12,070 | +€2,944 | +32.3% |
| Taxes | 450/3 | €3,990 | €6,596 | +€2,605 | +65.3% |
| Remuneration and social security | 454/9 | €5,136 | €5,475 | +€339 | +6.6% |
| Other amounts payable | 47/48 | €32,523 | €30,637 | -€1,886 | -5.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,768 | €12,437 | +€2,670 | +27.3% |
| Other operating charges | 640/8 | €488 | €116 | -€371 | -76.1% |
| Gross operating margin | 9900 | €13,823 | €22,869 | +€9,046 | +65.4% |
| Operating profit (loss) | 9901 | €3,567 | €10,315 | +€6,747 | +189% |
| Financial income | 75/76B | €943 | €0 | -€943 | -100% |
| Recurring financial income | 75 | €943 | €0 | -€943 | -100% |
| Financial charges | 65/66B | €1,678 | €3,265 | +€1,587 | +94.6% |
| Recurring financial charges | 65 | €1,678 | €3,265 | +€1,587 | +94.6% |
| Profit (loss) for the period before taxes | 9903 | €2,833 | €7,050 | +€4,218 | +149% |
| Income taxes | 67/77 | €806 | €1,833 | +€1,027 | +127% |
| Profit (loss) for the period | 9904 | €2,026 | €5,217 | +€3,191 | +157% |
| Profit (loss) for the period to be appropriated | 9905 | €2,026 | €5,217 | +€3,191 | +157% |
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 19 October 2026 via checked.be.