KEVIAC: 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.
KEVIAC
Largest movements
- Receivables within one year +€158,813
up €158,813 (+593.8%), from €26,747 to €185,560
of which Trade receivables: +€170,151
- Tangible fixed assets +€86,909
up €86,909 (+178.5%), from €48,684 to €135,594
of which Furniture and vehicles: +€61,177
- Cash +€43,776
up €43,776 (+48.0%), from €91,171 to €134,947
mainly Debts after one year (+€193,341) and Other debts (+€149,881)
- Receivables after one year +€28,000
up €28,000 (+350.0%), from €8,000 to €36,000
- Debts after one year +€193,341
up €193,341 (+4878.7%), from €3,963 to €197,304
- Other debts +€149,881
up €149,881 (+3408.7%), from €4,397 to €154,278
- Reserves -€49,894
down €49,894 (-60.4%), from €82,615 to €32,721
of which Distributable reserves: -€49,894
- Trade debts +€19,919
up €19,919 (+88.8%), from €22,420 to €42,339
- Current portion of long-term debt +€13,452
up €13,452 (+88.9%), from €15,127 to €28,579
- Gross operating margin +€146,716
up €146,716 (+24.6%), from €596,815 to €743,531
- Taxes +€19,238
up €19,238 (+175.2%), from €10,982 to €30,220
- Depreciation +€11,505
up €11,505 (+143.9%), from €7,993 to €19,498
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 | €197,703 | €512,848 | +€315,145 | +159.4% |
| Fixed assets | 21/28 | €49,023 | €135,933 | +€86,909 | +177.3% |
| Tangible fixed assets | 22/27 | €48,684 | €135,594 | +€86,909 | +178.5% |
| Plant, machinery and equipment | 23 | €11,664 | €16,520 | +€4,857 | +41.6% |
| Furniture and vehicles | 24 | €10,013 | €71,190 | +€61,177 | +611.0% |
| Other tangible fixed assets | 26 | €27,008 | €47,884 | +€20,876 | +77.3% |
| Financial fixed assets | 28 | €339 | €339 | = | 0.0% |
| Current assets | 29/58 | €148,680 | €376,915 | +€228,235 | +153.5% |
| Amounts receivable after more than one year | 29 | €8,000 | €36,000 | +€28,000 | +350.0% |
| Other amounts receivable | 291 | €8,000 | €36,000 | +€28,000 | +350.0% |
| Stocks and contracts in progress | 3 | €15,000 | €15,000 | = | 0.0% |
| Stocks | 30/36 | €15,000 | €15,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €26,747 | €185,560 | +€158,813 | +593.8% |
| Trade receivables | 40 | €12,873 | €183,024 | +€170,151 | +1321.8% |
| Other amounts receivable | 41 | €13,874 | €2,537 | -€11,338 | -81.7% |
| Cash at bank and in hand | 54/58 | €91,171 | €134,947 | +€43,776 | +48.0% |
| Deferred charges and accrued income | 490/1 | €7,762 | €5,408 | -€2,354 | -30.3% |
| Total equity and liabilities | 10/49 | €197,703 | €512,848 | +€315,145 | +159.4% |
| Equity | 10/15 | €101,215 | €51,321 | -€49,894 | -49.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €82,615 | €32,721 | -€49,894 | -60.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Other | 1319 | - | €1,860 | +€1,860 | |
| Distributable reserves | 133 | €80,755 | €30,861 | -€49,894 | -61.8% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €96,489 | €461,527 | +€365,038 | +378.3% |
| Amounts payable after more than one year | 17 | €3,963 | €197,304 | +€193,341 | +4878.7% |
| Financial debts | 170/4 | €3,963 | €197,304 | +€193,341 | +4878.7% |
| Amounts payable within one year | 42/48 | €88,846 | €264,224 | +€175,378 | +197.4% |
| Current portion of amounts payable after more than one year | 42 | €15,127 | €28,579 | +€13,452 | +88.9% |
| Financial debts | 43 | €2,810 | €5,998 | +€3,188 | +113.4% |
| Credit institutions | 430/8 | €2,810 | €5,998 | +€3,188 | +113.4% |
| Trade debts | 44 | €22,420 | €42,339 | +€19,919 | +88.8% |
| Suppliers | 440/4 | €22,420 | €42,339 | +€19,919 | +88.8% |
| Taxes, remuneration and social security | 45 | €44,091 | €33,030 | -€11,062 | -25.1% |
| Taxes | 450/3 | €18,405 | €31,354 | +€12,948 | +70.4% |
| Remuneration and social security | 454/9 | €25,686 | €1,676 | -€24,010 | -93.5% |
| Other amounts payable | 47/48 | €4,397 | €154,278 | +€149,881 | +3408.7% |
| Accrued charges and deferred income | 492/3 | €3,680 | €0 | -€3,680 | -100.0% |
| Remuneration, social security and pensions | 62 | €553,212 | €552,453 | -€760 | -0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,993 | €19,498 | +€11,505 | +143.9% |
| Other operating charges | 640/8 | €666 | €1,065 | +€399 | +60.0% |
| Non-recurring operating charges | 66A | €541 | €25,763 | +€25,222 | +4665.9% |
| Gross operating margin | 9900 | €596,815 | €743,531 | +€146,716 | +24.6% |
| Operating profit (loss) | 9901 | €34,404 | €144,752 | +€110,349 | +320.7% |
| Financial income | 75/76B | €555 | €4,870 | +€4,314 | +776.8% |
| Recurring financial income | 75 | €555 | €4,870 | +€4,314 | +776.8% |
| Financial charges | 65/66B | €12,836 | €15,441 | +€2,605 | +20.3% |
| Recurring financial charges | 65 | €12,836 | €15,441 | +€2,605 | +20.3% |
| Profit (loss) for the period before taxes | 9903 | €22,123 | €134,181 | +€112,058 | +506.5% |
| Income taxes | 67/77 | €10,982 | €30,220 | +€19,238 | +175.2% |
| Profit (loss) for the period | 9904 | €11,141 | €103,961 | +€92,820 | +833.1% |
| Profit (loss) for the period to be appropriated | 9905 | €11,141 | €103,961 | +€92,820 | +833.1% |
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 10 October 2026 via checked.be.