KEVIN TRANS: 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 TRANS
Largest movements
- Tangible fixed assets -€9,123
down €9,123 (-3.6%), from €254,644 to €245,520
of which Land and buildings: -€9,440
- Cash +€3,309
up €3,309 (+744%), from €445 to €3,754
mainly Depreciation (+€9,468) and Net result for the year (+€9,261)
- Debts after one year -€25,123
down €25,123 (-38.6%), from €65,145 to €40,022
- Profit (loss) carried forward +€9,261
up €9,261 (+17.7%), from €52,210 to €61,471
- Other debts +€5,488
up €5,488 (+6.2%), from €89,161 to €94,649
- Trade debts +€4,575
up €4,575 (+663%), from €690 to €5,265
- Gross operating margin +€16,943
up €16,943 (+132%), from €12,840 to €29,783
- Financial charges -€1,494
down €1,494 (-13.4%), from €11,191 to €9,697
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 | €255,180 | €249,422 | -€5,758 | -2.3% |
| Fixed assets | 21/28 | €254,644 | €245,520 | -€9,123 | -3.6% |
| Tangible fixed assets | 22/27 | €254,644 | €245,520 | -€9,123 | -3.6% |
| Land and buildings | 22 | €254,644 | €245,203 | -€9,440 | -3.7% |
| Furniture and vehicles | 24 | - | €317 | +€317 | |
| Current assets | 29/58 | €537 | €3,902 | +€3,365 | +627% |
| Cash at bank and in hand | 54/58 | €445 | €3,754 | +€3,309 | +744% |
| Deferred charges and accrued income | 490/1 | €92 | €148 | +€56 | +61.2% |
| Total equity and liabilities | 10/49 | €255,180 | €249,422 | -€5,758 | -2.3% |
| Equity | 10/15 | €60,270 | €69,531 | +€9,261 | +15.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €52,210 | €61,471 | +€9,261 | +17.7% |
| Amounts payable | 17/49 | €194,910 | €179,891 | -€15,019 | -7.7% |
| Amounts payable after more than one year | 17 | €65,145 | €40,022 | -€25,123 | -38.6% |
| Financial debts | 170/4 | €65,145 | €40,022 | -€25,123 | -38.6% |
| Amounts payable within one year | 42/48 | €127,575 | €137,679 | +€10,104 | +7.9% |
| Current portion of amounts payable after more than one year | 42 | €23,944 | €25,123 | +€1,179 | +4.9% |
| Trade debts | 44 | €690 | €5,265 | +€4,575 | +663% |
| Suppliers | 440/4 | €690 | €5,265 | +€4,575 | +663% |
| Advances received on contracts in progress | 46 | €11,605 | €11,605 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €2,175 | €1,037 | -€1,138 | -52.3% |
| Taxes | 450/3 | €2,175 | €1,037 | -€1,138 | -52.3% |
| Other amounts payable | 47/48 | €89,161 | €94,649 | +€5,488 | +6.2% |
| Accrued charges and deferred income | 492/3 | €2,191 | €2,191 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,440 | €9,468 | +€28 | +0.3% |
| Other operating charges | 640/8 | €1,208 | €1,261 | +€53 | +4.4% |
| Gross operating margin | 9900 | €12,840 | €29,783 | +€16,943 | +132% |
| Operating profit (loss) | 9901 | €2,192 | €19,054 | +€16,862 | +769% |
| Financial income | 75/76B | €7 | €1 | -€6 | -86.9% |
| Recurring financial income | 75 | €7 | €1 | -€6 | -86.9% |
| Financial charges | 65/66B | €11,191 | €9,697 | -€1,494 | -13.4% |
| Recurring financial charges | 65 | €11,191 | €9,697 | -€1,494 | -13.4% |
| Profit (loss) for the period before taxes | 9903 | -€8,991 | €9,359 | +€18,350 | |
| Income taxes | 67/77 | €2 | €98 | +€96 | +4,338% |
| Profit (loss) for the period | 9904 | -€8,993 | €9,261 | +€18,254 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,993 | €9,261 | +€18,254 |
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 22 October 2026 via checked.be.