KIVADECOR: 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.
KIVADECOR
Largest movements
- Receivables within one year +€4,725
up €4,725 (+29.7%), from €15,904 to €20,629
of which Other amounts receivable: +€10,017
- Intangible fixed assets -€500
down €500 (-46.2%), from €1,083 to €583
- Tangible fixed assets -€394
down €394 (-19.7%), from €1,999 to €1,605
of which Other tangible fixed assets: -€257
- Profit (loss) carried forward +€8,215
up €8,215 (+41.5%), from -€19,816 to -€11,601
- Other debts -€7,383
down €7,383 (-100%), from €7,383 to €0
- Tax, wage and social debts +€2,104
up €2,104 (+53.9%), from €3,905 to €6,009
of which Taxes: +€2,104
- Trade debts +€654
up €654 (+137%), from €477 to €1,131
- Taxes +€1,230
up €1,230 (+97.3%), from €1,264 to €2,494
- Gross operating margin -€1,061
down €1,061 (-7.8%), from €13,611 to €12,550
- Financial charges -€324
down €324 (-56.3%), from €576 to €252
- Financial income +€295
up €295, from €0 to €295
- Other operating charges -€176
down €176 (-15.1%), from €1,166 to €990
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €19,172 | €22,865 | +€3,693 | +19.3% |
| Fixed assets | 21/28 | €3,082 | €2,188 | -€894 | -29.0% |
| Intangible fixed assets | 21 | €1,083 | €583 | -€500 | -46.2% |
| Tangible fixed assets | 22/27 | €1,999 | €1,605 | -€394 | -19.7% |
| Furniture and vehicles | 24 | €971 | €834 | -€137 | -14.1% |
| Other tangible fixed assets | 26 | €1,028 | €771 | -€257 | -25.0% |
| Current assets | 29/58 | €16,090 | €20,677 | +€4,587 | +28.5% |
| Amounts receivable within one year | 40/41 | €15,904 | €20,629 | +€4,725 | +29.7% |
| Trade receivables | 40 | €15,470 | €10,178 | -€5,292 | -34.2% |
| Other amounts receivable | 41 | €433 | €10,450 | +€10,017 | +2,312% |
| Deferred charges and accrued income | 490/1 | €186 | €48 | -€138 | -74.1% |
| Total equity and liabilities | 10/49 | €19,172 | €22,865 | +€3,693 | +19.3% |
| Equity | 10/15 | €4,237 | €12,452 | +€8,215 | +194% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €5,453 | €5,453 | = | 0.0% |
| Distributable reserves | 133 | €5,453 | €5,453 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€19,816 | -€11,601 | +€8,215 | +41.5% |
| Amounts payable | 17/49 | €14,935 | €10,413 | -€4,522 | -30.3% |
| Amounts payable within one year | 42/48 | €14,935 | €10,413 | -€4,522 | -30.3% |
| Financial debts | 43 | €3,170 | €3,273 | +€103 | +3.3% |
| Credit institutions | 430/8 | €3,170 | €3,273 | +€103 | +3.3% |
| Trade debts | 44 | €477 | €1,131 | +€654 | +137% |
| Suppliers | 440/4 | €477 | €1,131 | +€654 | +137% |
| Taxes, remuneration and social security | 45 | €3,905 | €6,009 | +€2,104 | +53.9% |
| Taxes | 450/3 | €1,905 | €4,009 | +€2,104 | +110% |
| Remuneration and social security | 454/9 | €2,000 | €2,000 | = | 0.0% |
| Other amounts payable | 47/48 | €7,383 | €0 | -€7,383 | -100% |
| Non-recurring operating income | 76A | - | €6,500 | +€6,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €894 | €894 | = | 0.0% |
| Other operating charges | 640/8 | €1,166 | €990 | -€176 | -15.1% |
| Gross operating margin | 9900 | €13,611 | €12,550 | -€1,061 | -7.8% |
| Operating profit (loss) | 9901 | €11,551 | €10,666 | -€885 | -7.7% |
| Financial income | 75/76B | €0 | €295 | +€295 | |
| Recurring financial income | 75 | €0 | €295 | +€295 | |
| Financial charges | 65/66B | €576 | €252 | -€324 | -56.3% |
| Recurring financial charges | 65 | €576 | €252 | -€324 | -56.3% |
| Profit (loss) for the period before taxes | 9903 | €10,975 | €10,710 | -€265 | -2.4% |
| Income taxes | 67/77 | €1,264 | €2,494 | +€1,230 | +97.3% |
| Profit (loss) for the period | 9904 | €9,711 | €8,215 | -€1,495 | -15.4% |
| Profit (loss) for the period to be appropriated | 9905 | €9,711 | €8,215 | -€1,495 | -15.4% |
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 19 October 2026 via checked.be.