KevInvest: 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.
KevInvest
Largest movements
- Cash +€3,192
up €3,192 (+2.1%), from €151,818 to €155,010
mainly Net result for the year (+€37,955) and Other debts (+€35,403)
- Other debts +€35,403
up €35,403, from €0 to €35,403
- Profit (loss) carried forward -€23,445
down €23,445 (-98.8%), from €23,723 to €278
- Trade debts -€9,345
down €9,345 (-91.8%), from €10,177 to €832
- Gross operating margin +€6,114
up €6,114 (+13.6%), from €44,859 to €50,973
- Taxes -€2,218
down €2,218 (-16.3%), from €13,647 to €11,429
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 | €157,012 | €159,786 | +€2,774 | +1.8% |
| Fixed assets | 21/28 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Current assets | 29/58 | €157,012 | €159,786 | +€2,774 | +1.8% |
| Amounts receivable within one year | 40/41 | €4,296 | €3,892 | -€404 | -9.4% |
| Other amounts receivable | 41 | €4,296 | €3,892 | -€404 | -9.4% |
| Cash at bank and in hand | 54/58 | €151,818 | €155,010 | +€3,192 | +2.1% |
| Deferred charges and accrued income | 490/1 | €898 | €884 | -€14 | -1.6% |
| Total equity and liabilities | 10/49 | €157,012 | €159,786 | +€2,774 | +1.8% |
| Equity | 10/15 | €134,013 | €110,568 | -€23,445 | -17.5% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €106,290 | €106,290 | = | 0.0% |
| Distributable reserves | 133 | €106,290 | €106,290 | = | 0.0% |
| Profit (loss) carried forward | 14 | €23,723 | €278 | -€23,445 | -98.8% |
| Amounts payable | 17/49 | €22,999 | €49,218 | +€26,219 | +114% |
| Amounts payable within one year | 42/48 | €22,999 | €49,218 | +€26,219 | +114% |
| Trade debts | 44 | €10,177 | €832 | -€9,345 | -91.8% |
| Suppliers | 440/4 | €10,177 | €832 | -€9,345 | -91.8% |
| Taxes, remuneration and social security | 45 | €12,822 | €12,982 | +€161 | +1.3% |
| Taxes | 450/3 | €12,822 | €12,982 | +€161 | +1.3% |
| Other amounts payable | 47/48 | €0 | €35,403 | +€35,403 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €313 | €0 | -€313 | -100% |
| Other operating charges | 640/8 | €984 | €1,182 | +€198 | +20.1% |
| Gross operating margin | 9900 | €44,859 | €50,973 | +€6,114 | +13.6% |
| Operating profit (loss) | 9901 | €43,562 | €49,791 | +€6,228 | +14.3% |
| Financial income | 75/76B | €18 | €0 | -€18 | -100% |
| Recurring financial income | 75 | €18 | €0 | -€18 | -100% |
| Financial charges | 65/66B | €140 | €406 | +€266 | +189% |
| Recurring financial charges | 65 | €140 | €406 | +€266 | +189% |
| Profit (loss) for the period before taxes | 9903 | €43,440 | €49,384 | +€5,944 | +13.7% |
| Income taxes | 67/77 | €13,647 | €11,429 | -€2,218 | -16.3% |
| Profit (loss) for the period | 9904 | €29,792 | €37,955 | +€8,163 | +27.4% |
| Profit (loss) for the period to be appropriated | 9905 | €29,792 | €37,955 | +€8,163 | +27.4% |
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 27 October 2026 via checked.be.