KIVALA: what changed
Two fiscal 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.
KIVALA
Largest movements
- Stocks and contracts +€6,290
new in 2025: €6,290
- Cash +€4,056
up €4,056 (+7511.6%), from €54 to €4,110
mainly Trade debts (+€21,301) and Tax, wage and social debts (+€5,198)
- Tangible fixed assets +€3,675
new in 2025: €3,675
- Receivables within one year +€2,065
new in 2025: €2,065
of which Trade receivables: +€1,130
- Formation expenses -€767
down €767 (-100.0%), from €767 to €0
- Trade debts +€21,301
up €21,301 (+1479.3%), from €1,440 to €22,741
- Profit (loss) carried forward -€7,578
down €7,578 (-117.5%), from -€6,448 to -€14,026
- Tax, wage and social debts +€5,198
up €5,198 (+1035.4%), from €502 to €5,700
of which Taxes: +€3,669
- Other debts -€3,327
down €3,327 (-100.0%), from €3,327 to €0
- Purchases and services -€38,990
no longer reported in 2025 (was €38,990)
- Turnover -€34,893
no longer reported in 2025 (was €34,893)
- Other operating charges +€4,962
up €4,962 (+679.8%), from €730 to €5,692
- Gross operating margin +€3,720
up €3,720 (+90.8%), from -€4,097 to -€377
- Financial income -€2,530
down €2,530 (-96.6%), from €2,620 to €90
of which Non-recurring financial income: -€2,620
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 | €821 | €16,415 | +€15,594 | +1899.4% |
| Formation expenses | 20 | €767 | €0 | -€767 | -100.0% |
| Fixed assets | 21/28 | - | €3,675 | +€3,675 | |
| Tangible fixed assets | 22/27 | - | €3,675 | +€3,675 | |
| Plant, machinery and equipment | 23 | - | €1,035 | +€1,035 | |
| Furniture and vehicles | 24 | - | €1,218 | +€1,218 | |
| Other tangible fixed assets | 26 | - | €1,422 | +€1,422 | |
| Current assets | 29/58 | €54 | €12,740 | +€12,686 | +23492.6% |
| Stocks and contracts in progress | 3 | - | €6,290 | +€6,290 | |
| Stocks | 30/36 | - | €6,290 | +€6,290 | |
| Amounts receivable within one year | 40/41 | - | €2,065 | +€2,065 | |
| Trade receivables | 40 | - | €1,130 | +€1,130 | |
| Other amounts receivable | 41 | - | €935 | +€935 | |
| Cash at bank and in hand | 54/58 | €54 | €4,110 | +€4,056 | +7511.6% |
| Deferred charges and accrued income | 490/1 | - | €275 | +€275 | |
| Total equity and liabilities | 10/49 | €821 | €16,415 | +€15,594 | +1899.4% |
| Equity | 10/15 | -€4,448 | -€12,026 | -€7,578 | -170.4% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Capital | 10 | €2,000 | - | -€2,000 | |
| Issued capital | 100 | €2,000 | - | -€2,000 | |
| Profit (loss) carried forward | 14 | -€6,448 | -€14,026 | -€7,578 | -117.5% |
| Amounts payable | 17/49 | €5,269 | €28,441 | +€23,172 | +439.8% |
| Amounts payable within one year | 42/48 | €5,269 | €28,441 | +€23,172 | +439.8% |
| Trade debts | 44 | €1,440 | €22,741 | +€21,301 | +1479.3% |
| Suppliers | 440/4 | €1,440 | €22,741 | +€21,301 | +1479.3% |
| Taxes, remuneration and social security | 45 | €502 | €5,700 | +€5,198 | +1035.4% |
| Taxes | 450/3 | €502 | €4,171 | +€3,669 | +730.8% |
| Remuneration and social security | 454/9 | - | €1,529 | +€1,529 | |
| Other amounts payable | 47/48 | €3,327 | €0 | -€3,327 | -100.0% |
| Turnover | 70 | €34,893 | - | -€34,893 | |
| Goods, raw materials, services and sundry goods | 60/61 | €38,990 | - | -€38,990 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €548 | €1,055 | +€507 | +92.6% |
| Other operating charges | 640/8 | €730 | €5,692 | +€4,962 | +679.8% |
| Gross operating margin | 9900 | -€4,097 | -€377 | +€3,720 | +90.8% |
| Operating profit (loss) | 9901 | -€5,375 | -€7,124 | -€1,749 | -32.5% |
| Financial income | 75/76B | €2,620 | €90 | -€2,530 | -96.6% |
| Recurring financial income | 75 | €2,620 | €90 | -€2,530 | -96.6% |
| Non-recurring financial income | 76B | €2,620 | - | -€2,620 | |
| Financial charges | 65/66B | €80 | €256 | +€176 | +220.1% |
| Recurring financial charges | 65 | €80 | €256 | +€176 | +220.1% |
| Profit (loss) for the period before taxes | 9903 | -€2,835 | -€7,290 | -€4,455 | -157.1% |
| Income taxes | 67/77 | - | €287 | +€287 | |
| Profit (loss) for the period | 9904 | -€2,835 | -€7,577 | -€4,742 | -167.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,835 | -€7,577 | -€4,742 | -167.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.