KEVANCO: 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.
KEVANCO
Largest movements
- Financial fixed assets +€100,000
up €100,000 (+84.4%), from €118,510 to €218,510
- Receivables within one year +€20,223
up €20,223 (+84.4%), from €23,964 to €44,187
of which Trade receivables: +€18,423
- Tangible fixed assets -€20,205
down €20,205 (-25.0%), from €80,760 to €60,554
of which Furniture and vehicles: -€17,259
- Cash +€4,293
up €4,293 (+9.6%), from €44,773 to €49,066
mainly Debts after one year (+€47,624) and Net result for the year (+€43,099)
- Debts after one year +€47,624
up €47,624 (+41.0%), from €116,051 to €163,675
- Reserves +€35,120
up €35,120 (+42.2%), from €83,131 to €118,251
of which Distributable reserves: +€35,120
- Current portion of long-term debt +€13,725
up €13,725 (+45.9%), from €29,897 to €43,622
- Tax, wage and social debts +€10,655
up €10,655 (+85.4%), from €12,478 to €23,133
of which Taxes: +€10,583
- Short-term financial debts -€8,616
down €8,616 (-71.8%), from €12,000 to €3,384
- Gross operating margin +€13,965
up €13,965 (+20.2%), from €69,105 to €83,070
- Depreciation +€9,969
up €9,969 (+262.4%), from €3,800 to €13,768
- Other operating charges -€1,361
down €1,361 (-86.5%), from €1,573 to €212
- Financial charges +€1,219
up €1,219 (+121.9%), from €1,000 to €2,219
From the 2022 result to the 2023 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.
Cash bridge derived
Derived from the 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €268,785 | €373,401 | +€104,616 | +38.9% |
| Fixed assets | 21/28 | €199,270 | €279,064 | +€79,795 | +40.0% |
| Tangible fixed assets | 22/27 | €80,760 | €60,554 | -€20,205 | -25.0% |
| Plant, machinery and equipment | 23 | €3,043 | €2,257 | -€786 | -25.8% |
| Furniture and vehicles | 24 | €60,770 | €43,511 | -€17,259 | -28.4% |
| Other tangible fixed assets | 26 | €16,947 | €14,785 | -€2,161 | -12.8% |
| Financial fixed assets | 28 | €118,510 | €218,510 | +€100,000 | +84.4% |
| Current assets | 29/58 | €69,515 | €94,336 | +€24,821 | +35.7% |
| Amounts receivable within one year | 40/41 | €23,964 | €44,187 | +€20,223 | +84.4% |
| Trade receivables | 40 | €23,964 | €42,387 | +€18,423 | +76.9% |
| Other amounts receivable | 41 | - | €1,800 | +€1,800 | |
| Cash at bank and in hand | 54/58 | €44,773 | €49,066 | +€4,293 | +9.6% |
| Deferred charges and accrued income | 490/1 | €779 | €1,084 | +€305 | +39.2% |
| Total equity and liabilities | 10/49 | €268,785 | €373,401 | +€104,616 | +38.9% |
| Equity | 10/15 | €95,842 | €130,962 | +€35,120 | +36.6% |
| Contributions | 10/11 | €12,711 | €12,711 | = | 0.0% |
| Reserves | 13 | €83,131 | €118,251 | +€35,120 | +42.2% |
| 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 | €81,276 | €116,396 | +€35,120 | +43.2% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €172,943 | €242,438 | +€69,496 | +40.2% |
| Amounts payable after more than one year | 17 | €116,051 | €163,675 | +€47,624 | +41.0% |
| Financial debts | 170/4 | €116,051 | €163,675 | +€47,624 | +41.0% |
| Amounts payable within one year | 42/48 | €56,891 | €78,763 | +€21,872 | +38.4% |
| Current portion of amounts payable after more than one year | 42 | €29,897 | €43,622 | +€13,725 | +45.9% |
| Financial debts | 43 | €12,000 | €3,384 | -€8,616 | -71.8% |
| Credit institutions | 430/8 | €12,000 | €3,384 | -€8,616 | -71.8% |
| Trade debts | 44 | €969 | €1,021 | +€53 | +5.4% |
| Suppliers | 440/4 | €969 | €1,021 | +€53 | +5.4% |
| Taxes, remuneration and social security | 45 | €12,478 | €23,133 | +€10,655 | +85.4% |
| Taxes | 450/3 | €9,819 | €20,401 | +€10,583 | +107.8% |
| Remuneration and social security | 454/9 | €2,660 | €2,732 | +€72 | +2.7% |
| Other amounts payable | 47/48 | €1,547 | €7,602 | +€6,055 | +391.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,800 | €13,768 | +€9,969 | +262.4% |
| Other operating charges | 640/8 | €1,573 | €212 | -€1,361 | -86.5% |
| Non-recurring operating charges | 66A | - | €1,912 | +€1,912 | |
| Gross operating margin | 9900 | €69,105 | €83,070 | +€13,965 | +20.2% |
| Operating profit (loss) | 9901 | €63,733 | €67,178 | +€3,445 | +5.4% |
| Financial income | 75/76B | €1 | €20 | +€19 | +2072.2% |
| Recurring financial income | 75 | €1 | €20 | +€19 | +2072.2% |
| Financial charges | 65/66B | €1,000 | €2,219 | +€1,219 | +121.9% |
| Recurring financial charges | 65 | €1,000 | €2,219 | +€1,219 | +121.9% |
| Profit (loss) for the period before taxes | 9903 | €62,734 | €64,978 | +€2,244 | +3.6% |
| Income taxes | 67/77 | €21,733 | €21,879 | +€146 | +0.7% |
| Profit (loss) for the period | 9904 | €41,001 | €43,099 | +€2,098 | +5.1% |
| Profit (loss) for the period to be appropriated | 9905 | €41,001 | €43,099 | +€2,098 | +5.1% |
Source: filed annual accounts (NBB), financial years ended 30 June 2022 and 30 June 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.