KEVE: what changed
Two fiscal 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.
KEVE
Largest movements
- Tangible fixed assets +€32,247
up €32,247 (+2933.7%), from €1,099 to €33,346
of which Furniture and vehicles: +€32,843
- Cash -€14,670
down €14,670 (-50.3%), from €29,190 to €14,520
mainly Investment in fixed assets (net) (-€34,579) and Net result for the year (-€27,184)
- Stocks and contracts +€12,733
new in 2025: €12,733
- Receivables within one year -€11,206
down €11,206 (-47.0%), from €23,831 to €12,624
of which Trade receivables: -€13,568
- Debts after one year +€25,488
new in 2025: €25,488
- Reserves -€25,242
down €25,242 (-100.0%), from €25,242 to €0
- Other debts +€24,319
up €24,319 (+149.4%), from €16,282 to €40,601
- Tax, wage and social debts -€9,496
down €9,496 (-99.9%), from €9,501 to €5
of which Taxes: -€9,496
- Current portion of long-term debt +€6,042
new in 2025: €6,042
- Gross operating margin -€49,854
down €49,854, from €22,158 to -€27,696
- Taxes -€4,397
down €4,397 (-99.7%), from €4,412 to €15
- Financial income +€4,317
up €4,317 (+1222.9%), from €353 to €4,670
- Depreciation +€1,736
up €1,736 (+291.3%), from €596 to €2,332
- Other operating charges -€1,630
down €1,630 (-73.7%), from €2,211 to €581
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.
Cash bridge derived
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 | €54,120 | €73,372 | +€19,251 | +35.6% |
| Fixed assets | 21/28 | €1,099 | €33,346 | +€32,247 | +2933.7% |
| Tangible fixed assets | 22/27 | €1,099 | €33,346 | +€32,247 | +2933.7% |
| Plant, machinery and equipment | 23 | €1,099 | €503 | -€596 | -54.2% |
| Furniture and vehicles | 24 | - | €32,843 | +€32,843 | |
| Current assets | 29/58 | €53,021 | €40,026 | -€12,995 | -24.5% |
| Stocks and contracts in progress | 3 | - | €12,733 | +€12,733 | |
| Stocks | 30/36 | - | €12,733 | +€12,733 | |
| Amounts receivable within one year | 40/41 | €23,831 | €12,624 | -€11,206 | -47.0% |
| Trade receivables | 40 | €23,831 | €10,263 | -€13,568 | -56.9% |
| Other amounts receivable | 41 | - | €2,361 | +€2,361 | |
| Cash at bank and in hand | 54/58 | €29,190 | €14,520 | -€14,670 | -50.3% |
| Deferred charges and accrued income | 490/1 | €0 | €148 | +€148 | |
| Total equity and liabilities | 10/49 | €54,120 | €73,372 | +€19,251 | +35.6% |
| Equity | 10/15 | €28,242 | €1,058 | -€27,184 | -96.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €25,242 | €0 | -€25,242 | -100.0% |
| Distributable reserves | 133 | €25,242 | €0 | -€25,242 | -100.0% |
| Profit (loss) carried forward | 14 | - | -€1,942 | -€1,942 | |
| Amounts payable | 17/49 | €25,878 | €72,314 | +€46,435 | +179.4% |
| Amounts payable after more than one year | 17 | - | €25,488 | +€25,488 | |
| Financial debts | 170/4 | - | €25,488 | +€25,488 | |
| Amounts payable within one year | 42/48 | €25,878 | €46,826 | +€20,947 | +80.9% |
| Current portion of amounts payable after more than one year | 42 | - | €6,042 | +€6,042 | |
| Trade debts | 44 | €96 | €178 | +€82 | +85.5% |
| Suppliers | 440/4 | €96 | €178 | +€82 | +85.5% |
| Taxes, remuneration and social security | 45 | €9,501 | €5 | -€9,496 | -99.9% |
| Taxes | 450/3 | €9,501 | €5 | -€9,496 | -99.9% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €16,282 | €40,601 | +€24,319 | +149.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €596 | €2,332 | +€1,736 | +291.3% |
| Other operating charges | 640/8 | €2,211 | €581 | -€1,630 | -73.7% |
| Gross operating margin | 9900 | €22,158 | -€27,696 | -€49,854 | |
| Operating profit (loss) | 9901 | €19,351 | -€30,609 | -€49,960 | |
| Financial income | 75/76B | €353 | €4,670 | +€4,317 | +1222.9% |
| Recurring financial income | 75 | €353 | €4,670 | +€4,317 | +1222.9% |
| Financial charges | 65/66B | €281 | €1,231 | +€950 | +337.6% |
| Recurring financial charges | 65 | €281 | €1,231 | +€950 | +337.6% |
| Profit (loss) for the period before taxes | 9903 | €19,423 | -€27,169 | -€46,592 | |
| Income taxes | 67/77 | €4,412 | €15 | -€4,397 | -99.7% |
| Profit (loss) for the period | 9904 | €15,011 | -€27,184 | -€42,195 | |
| Profit (loss) for the period to be appropriated | 9905 | €15,011 | -€27,184 | -€42,195 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.