Kévin construct: 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.
Kévin construct
Largest movements
- Receivables within one year -€20,353
down €20,353 (-96.4%), from €21,103 to €750
of which Trade receivables: -€19,382
- Cash +€8,338
up €8,338 (+174.1%), from €4,789 to €13,127
mainly Other debts (+€71,842) and Receivables within one year (+€20,353)
- Other debts +€71,842
up €71,842 (+31.3%), from €229,239 to €301,081
- Debts after one year -€40,611
no longer reported in 2025 (was €40,611)
- Current portion of long-term debt -€33,974
no longer reported in 2025 (was €33,974)
- Trade debts -€10,122
down €10,122 (-100.0%), from €10,123 to €1
- Turnover -€96,725
no longer reported in 2025 (was €96,725)
- Purchases and services -€71,000
no longer reported in 2025 (was €71,000)
- Gross operating margin -€16,682
down €16,682 (-64.8%), from €25,726 to €9,044
- Write-downs +€1,191
new in 2025: €1,191
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 | €323,066 | €310,933 | -€12,133 | -3.8% |
| Fixed assets | 21/28 | €297,174 | €296,655 | -€519 | -0.2% |
| Tangible fixed assets | 22/27 | €2,174 | €1,655 | -€519 | -23.9% |
| Furniture and vehicles | 24 | €2,174 | €1,655 | -€519 | -23.9% |
| Financial fixed assets | 28 | €295,000 | €295,000 | = | 0.0% |
| Current assets | 29/58 | €25,892 | €14,278 | -€11,614 | -44.9% |
| Amounts receivable within one year | 40/41 | €21,103 | €750 | -€20,353 | -96.4% |
| Trade receivables | 40 | €19,382 | €0 | -€19,382 | -100.0% |
| Other amounts receivable | 41 | €1,721 | €750 | -€971 | -56.4% |
| Cash at bank and in hand | 54/58 | €4,789 | €13,127 | +€8,338 | +174.1% |
| Deferred charges and accrued income | 490/1 | - | €400 | +€400 | |
| Total equity and liabilities | 10/49 | €323,066 | €310,933 | -€12,133 | -3.8% |
| Equity | 10/15 | €6,999 | €9,851 | +€2,852 | +40.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€11,601 | -€8,749 | +€2,852 | +24.6% |
| Amounts payable | 17/49 | €316,067 | €301,082 | -€14,985 | -4.7% |
| Amounts payable after more than one year | 17 | €40,611 | - | -€40,611 | |
| Financial debts | 170/4 | €40,611 | - | -€40,611 | |
| Amounts payable within one year | 42/48 | €275,456 | €301,082 | +€25,626 | +9.3% |
| Current portion of amounts payable after more than one year | 42 | €33,974 | - | -€33,974 | |
| Trade debts | 44 | €10,123 | €1 | -€10,122 | -100.0% |
| Suppliers | 440/4 | €10,123 | €1 | -€10,122 | -100.0% |
| Taxes, remuneration and social security | 45 | €2,120 | - | -€2,120 | |
| Taxes | 450/3 | €2,120 | - | -€2,120 | |
| Other amounts payable | 47/48 | €229,239 | €301,081 | +€71,842 | +31.3% |
| Turnover | 70 | €96,725 | - | -€96,725 | |
| Goods, raw materials, services and sundry goods | 60/61 | €71,000 | - | -€71,000 | |
| Remuneration, social security and pensions | 62 | €904 | - | -€904 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €305 | €766 | +€461 | +151.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €1,191 | +€1,191 | |
| Gross operating margin | 9900 | €25,726 | €9,044 | -€16,682 | -64.8% |
| Operating profit (loss) | 9901 | €24,517 | €7,087 | -€17,430 | -71.1% |
| Financial charges | 65/66B | €4,852 | €4,234 | -€618 | -12.7% |
| Recurring financial charges | 65 | €4,852 | €4,234 | -€618 | -12.7% |
| Profit (loss) for the period before taxes | 9903 | €19,665 | €2,853 | -€16,812 | -85.5% |
| Income taxes | 67/77 | €300 | - | -€300 | |
| Profit (loss) for the period | 9904 | €19,365 | €2,853 | -€16,512 | -85.3% |
| Profit (loss) for the period to be appropriated | 9905 | €19,365 | €2,853 | -€16,512 | -85.3% |
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 12 October 2026 via checked.be.