Kever Vanessa: what changed
Kever Vanessa
Largest movements
- Receivables within one year -€28,455
down €28,455 (-58.5%), from €48,625 to €20,170
of which Trade receivables: -€29,950
- Cash -€20,713
down €20,713 (-29.8%), from €69,519 to €48,806
mainly Other debts (-€61,784) and Contributions, distributions and other (-€28,235)
- Tangible fixed assets -€2,570
down €2,570 (-13.2%), from €19,412 to €16,841
of which Furniture and vehicles: -€2,025
- Other debts -€61,784
down €61,784 (-99.9%), from €61,872 to €88
- Profit (loss) carried forward +€7,295
up €7,295, from €0 to €7,295
- Tax, wage and social debts +€2,869
up €2,869 (+28.7%), from €10,008 to €12,877
of which Taxes: +€2,869
- Gross operating margin -€8,786
down €8,786 (-14.0%), from €62,765 to €53,979
- Taxes -€2,167
down €2,167 (-15.0%), from €14,473 to €12,306
- Depreciation +€850
up €850 (+18.7%), from €4,546 to €5,397
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 | €139,866 | €87,920 | -€51,946 | -37.1% |
| Fixed assets | 21/28 | €21,412 | €18,841 | -€2,570 | -12.0% |
| Tangible fixed assets | 22/27 | €19,412 | €16,841 | -€2,570 | -13.2% |
| Furniture and vehicles | 24 | €14,876 | €12,851 | -€2,025 | -13.6% |
| Other tangible fixed assets | 26 | €4,536 | €3,990 | -€546 | -12.0% |
| Financial fixed assets | 28 | €2,000 | €2,000 | = | 0.0% |
| Current assets | 29/58 | €118,455 | €69,079 | -€49,376 | -41.7% |
| Amounts receivable within one year | 40/41 | €48,625 | €20,170 | -€28,455 | -58.5% |
| Trade receivables | 40 | €44,200 | €14,250 | -€29,950 | -67.8% |
| Other amounts receivable | 41 | €4,425 | €5,920 | +€1,495 | +33.8% |
| Cash at bank and in hand | 54/58 | €69,519 | €48,806 | -€20,713 | -29.8% |
| Deferred charges and accrued income | 490/1 | €310 | €102 | -€208 | -67.0% |
| Total equity and liabilities | 10/49 | €139,866 | €87,920 | -€51,946 | -37.1% |
| Equity | 10/15 | €66,804 | €74,099 | +€7,295 | +10.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €63,804 | €63,804 | = | 0.0% |
| Distributable reserves | 133 | €63,804 | €63,804 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €7,295 | +€7,295 | |
| Amounts payable | 17/49 | €73,063 | €13,822 | -€59,241 | -81.1% |
| Amounts payable within one year | 42/48 | €73,063 | €13,822 | -€59,241 | -81.1% |
| Trade debts | 44 | €1,183 | €857 | -€326 | -27.5% |
| Suppliers | 440/4 | €1,183 | €857 | -€326 | -27.5% |
| Taxes, remuneration and social security | 45 | €10,008 | €12,877 | +€2,869 | +28.7% |
| Taxes | 450/3 | €10,008 | €12,877 | +€2,869 | +28.7% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €61,872 | €88 | -€61,784 | -99.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,546 | €5,397 | +€850 | +18.7% |
| Other operating charges | 640/8 | €493 | €400 | -€93 | -18.9% |
| Gross operating margin | 9900 | €62,765 | €53,979 | -€8,786 | -14.0% |
| Operating profit (loss) | 9901 | €57,725 | €48,182 | -€9,543 | -16.5% |
| Financial income | 75/76B | €1 | €0 | -€1 | -100% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -100% |
| Financial charges | 65/66B | €261 | €346 | +€85 | +32.7% |
| Recurring financial charges | 65 | €261 | €346 | +€85 | +32.7% |
| Profit (loss) for the period before taxes | 9903 | €57,465 | €47,836 | -€9,629 | -16.8% |
| Income taxes | 67/77 | €14,473 | €12,306 | -€2,167 | -15.0% |
| Profit (loss) for the period | 9904 | €42,992 | €35,530 | -€7,462 | -17.4% |
| Profit (loss) for the period to be appropriated | 9905 | €42,992 | €35,530 | -€7,462 | -17.4% |
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 2 November 2026 via checked.be.