Kevlar77: 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.
Kevlar77
Largest movements
- Cash -€6,994
down €6,994 (-42.7%), from €16,367 to €9,373
mainly Net result for the year (-€8,016) and Tax, wage and social debts (-€486)
- Tangible fixed assets -€310
down €310 (-20.4%), from €1,516 to €1,206
- Receivables within one year -€293
no longer reported in 2025 (was €293)
- Profit (loss) carried forward -€8,016
down €8,016 (-89.2%), from €8,986 to €971
- Trade debts +€725
up €725 (+140%), from €519 to €1,244
- Tax, wage and social debts -€486
down €486 (-19.9%), from €2,443 to €1,957
- Gross operating margin -€19,327
down €19,327, from €11,739 to -€7,588
- Taxes -€2,443
no longer reported in 2025 (was €2,443)
- Depreciation +€277
up €277 (+839%), from €33 to €310
- Financial charges -€159
down €159 (-57.5%), from €276 to €118
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 | €18,176 | €10,579 | -€7,596 | -41.8% |
| Fixed assets | 21/28 | €1,516 | €1,206 | -€310 | -20.4% |
| Tangible fixed assets | 22/27 | €1,516 | €1,206 | -€310 | -20.4% |
| Plant, machinery and equipment | 23 | €1,516 | €1,206 | -€310 | -20.4% |
| Current assets | 29/58 | €16,660 | €9,373 | -€7,286 | -43.7% |
| Amounts receivable within one year | 40/41 | €293 | - | -€293 | |
| Other amounts receivable | 41 | €293 | - | -€293 | |
| Cash at bank and in hand | 54/58 | €16,367 | €9,373 | -€6,994 | -42.7% |
| Total equity and liabilities | 10/49 | €18,176 | €10,579 | -€7,596 | -41.8% |
| Equity | 10/15 | €11,986 | €3,971 | -€8,016 | -66.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,986 | €971 | -€8,016 | -89.2% |
| Amounts payable | 17/49 | €6,189 | €6,609 | +€419 | +6.8% |
| Amounts payable within one year | 42/48 | €6,189 | €6,609 | +€419 | +6.8% |
| Trade debts | 44 | €519 | €1,244 | +€725 | +140% |
| Suppliers | 440/4 | €519 | €1,244 | +€725 | +140% |
| Taxes, remuneration and social security | 45 | €2,443 | €1,957 | -€486 | -19.9% |
| Taxes | 450/3 | €2,443 | €1,957 | -€486 | -19.9% |
| Other amounts payable | 47/48 | €3,228 | €3,407 | +€179 | +5.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33 | €310 | +€277 | +839% |
| Gross operating margin | 9900 | €11,739 | -€7,588 | -€19,327 | |
| Operating profit (loss) | 9901 | €11,706 | -€7,898 | -€19,604 | |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €276 | €118 | -€159 | -57.5% |
| Recurring financial charges | 65 | €276 | €118 | -€159 | -57.5% |
| Profit (loss) for the period before taxes | 9903 | €11,429 | -€8,016 | -€19,445 | |
| Income taxes | 67/77 | €2,443 | - | -€2,443 | |
| Profit (loss) for the period | 9904 | €8,986 | -€8,016 | -€17,002 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,986 | -€8,016 | -€17,002 |
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 23 October 2026 via checked.be.