KEVIN: 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.
KEVIN
Largest movements
- Stocks and contracts -€276,818
down €276,818 (-100%), from €276,818 to €0
- Receivables within one year +€167,081
up €167,081 (+15.0%), from €1.1m to €1.3m
of which Other amounts receivable: +€274,581
- Cash -€100,015
down €100,015 (-76.3%), from €131,116 to €31,101
mainly Advances received (-€1.0m) and Receivables within one year (-€167,081)
- Advances received -€1.0m
down €1.0m (-100%), from €1.0m to €0
- Reserves +€653,265
up €653,265 (+449%), from €145,500 to €798,765
of which Distributable reserves: +€653,265
- Tax, wage and social debts +€107,074
up €107,074 (+65,429%), from €164 to €107,238
- Trade debts +€36,818
up €36,818 (+112%), from €33,000 to €69,818
- Profit (loss) carried forward +€18,260
up €18,260, from -€18,260 to €0
- Gross operating margin +€905,904
up €905,904, from -€4,323 to €901,581
- Taxes +€237,074
up €237,074 (+144,867%), from €164 to €237,238
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 | €1,522,904 | €1,313,152 | -€209,752 | -13.8% |
| Current assets | 29/58 | €1,522,904 | €1,313,152 | -€209,752 | -13.8% |
| Stocks and contracts in progress | 3 | €276,818 | €0 | -€276,818 | -100% |
| Stocks | 30/36 | €276,818 | €0 | -€276,818 | -100% |
| Amounts receivable within one year | 40/41 | €1,114,970 | €1,282,051 | +€167,081 | +15.0% |
| Trade receivables | 40 | €107,500 | €0 | -€107,500 | -100% |
| Other amounts receivable | 41 | €1,007,470 | €1,282,051 | +€274,581 | +27.3% |
| Cash at bank and in hand | 54/58 | €131,116 | €31,101 | -€100,015 | -76.3% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €1,522,904 | €1,313,152 | -€209,752 | -13.8% |
| Equity | 10/15 | €462,240 | €1,133,765 | +€671,525 | +145% |
| Contributions | 10/11 | €335,000 | €335,000 | = | 0.0% |
| Capital | 10 | €335,000 | €335,000 | = | 0.0% |
| Issued capital | 100 | €335,000 | €335,000 | = | 0.0% |
| Reserves | 13 | €145,500 | €798,765 | +€653,265 | +449% |
| Non-distributable reserves | 130/1 | €33,500 | €33,500 | = | 0.0% |
| Legal reserve | 130 | €33,500 | €33,500 | = | 0.0% |
| Other | 1319 | €0 | - | = | |
| Distributable reserves | 133 | €112,000 | €765,265 | +€653,265 | +583% |
| Profit (loss) carried forward | 14 | -€18,260 | €0 | +€18,260 | |
| Amounts payable | 17/49 | €1,060,664 | €179,386 | -€881,277 | -83.1% |
| Amounts payable within one year | 42/48 | €1,060,664 | €179,386 | -€881,277 | -83.1% |
| Trade debts | 44 | €33,000 | €69,818 | +€36,818 | +112% |
| Suppliers | 440/4 | €33,000 | €69,818 | +€36,818 | +112% |
| Advances received on contracts in progress | 46 | €1,027,500 | €0 | -€1.0m | -100% |
| Taxes, remuneration and social security | 45 | €164 | €107,238 | +€107,074 | +65,429% |
| Taxes | 450/3 | €164 | €107,238 | +€107,074 | +65,429% |
| Other amounts payable | 47/48 | - | €2,330 | +€2,330 | |
| Other operating charges | 640/8 | €394 | €787 | +€393 | +99.7% |
| Gross operating margin | 9900 | -€4,323 | €901,581 | +€905,904 | |
| Operating profit (loss) | 9901 | -€4,717 | €900,793 | +€905,511 | |
| Financial income | 75/76B | €5,307 | €9,047 | +€3,739 | +70.5% |
| Recurring financial income | 75 | €5,307 | €9,047 | +€3,739 | +70.5% |
| Financial charges | 65/66B | €39 | €1,077 | +€1,038 | +2,661% |
| Recurring financial charges | 65 | €39 | €1,077 | +€1,038 | +2,661% |
| Profit (loss) for the period before taxes | 9903 | €551 | €908,763 | +€908,212 | +164,776% |
| Income taxes | 67/77 | €164 | €237,238 | +€237,074 | +144,867% |
| Profit (loss) for the period | 9904 | €388 | €671,525 | +€671,138 | +173,183% |
| Profit (loss) for the period to be appropriated | 9905 | €388 | €671,525 | +€671,138 | +173,183% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.