KMVH: 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.
KMVH
Largest movements
- Receivables after one year +€125,000
new in 2025: €125,000
- Cash -€78,944
down €78,944 (-13.9%), from €568,378 to €489,434
mainly Contributions, distributions and other (-€1.1m) and Receivables after one year (-€125,000)
- Receivables within one year -€63,042
down €63,042 (-46.3%), from €136,205 to €73,163
of which Other amounts receivable: -€63,306
- Tangible fixed assets -€29,121
down €29,121 (-3.1%), from €944,564 to €915,443
of which Furniture and vehicles: -€15,636
- Other debts +€571,710
new in 2025: €571,710
- Reserves -€500,000
down €500,000 (-83.1%), from €601,669 to €101,669
- Tax, wage and social debts -€74,145
down €74,145 (-49.7%), from €149,145 to €75,000
- Debts after one year -€39,727
down €39,727 (-4.7%), from €853,081 to €813,354
- Gross operating margin +€164,033
up €164,033 (+24.2%), from €678,316 to €842,349
- Taxes +€39,207
up €39,207 (+26.3%), from €149,145 to €188,352
- Depreciation +€17,912
up €17,912 (+31.9%), from €56,115 to €74,027
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 | €1,675,529 | €1,619,944 | -€55,585 | -3.3% |
| Fixed assets | 21/28 | €966,180 | €927,059 | -€39,121 | -4.0% |
| Intangible fixed assets | 21 | €21,616 | €11,616 | -€10,000 | -46.3% |
| Tangible fixed assets | 22/27 | €944,564 | €915,443 | -€29,121 | -3.1% |
| Land and buildings | 22 | €907,710 | €894,225 | -€13,485 | -1.5% |
| Furniture and vehicles | 24 | €36,854 | €21,218 | -€15,636 | -42.4% |
| Current assets | 29/58 | €709,349 | €692,884 | -€16,464 | -2.3% |
| Amounts receivable after more than one year | 29 | - | €125,000 | +€125,000 | |
| Other amounts receivable | 291 | - | €125,000 | +€125,000 | |
| Amounts receivable within one year | 40/41 | €136,205 | €73,163 | -€63,042 | -46.3% |
| Trade receivables | 40 | - | €264 | +€264 | |
| Other amounts receivable | 41 | €136,205 | €72,899 | -€63,306 | -46.5% |
| Cash at bank and in hand | 54/58 | €568,378 | €489,434 | -€78,944 | -13.9% |
| Deferred charges and accrued income | 490/1 | €4,765 | €5,287 | +€522 | +10.9% |
| Total equity and liabilities | 10/49 | €1,675,529 | €1,619,944 | -€55,585 | -3.3% |
| Equity | 10/15 | €611,669 | €111,669 | -€500,000 | -81.7% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €601,669 | €101,669 | -€500,000 | -83.1% |
| Distributable reserves | 133 | €601,669 | €101,669 | -€500,000 | -83.1% |
| Amounts payable | 17/49 | €1,063,859 | €1,508,274 | +€444,415 | +41.8% |
| Amounts payable after more than one year | 17 | €853,081 | €813,354 | -€39,727 | -4.7% |
| Financial debts | 170/4 | €853,081 | €813,354 | -€39,727 | -4.7% |
| Amounts payable within one year | 42/48 | €210,778 | €694,920 | +€484,142 | +230% |
| Current portion of amounts payable after more than one year | 42 | €50,837 | €38,515 | -€12,322 | -24.2% |
| Trade debts | 44 | €10,796 | €9,695 | -€1,102 | -10.2% |
| Suppliers | 440/4 | €10,796 | €9,695 | -€1,102 | -10.2% |
| Taxes, remuneration and social security | 45 | €149,145 | €75,000 | -€74,145 | -49.7% |
| Taxes | 450/3 | €149,145 | €75,000 | -€74,145 | -49.7% |
| Other amounts payable | 47/48 | - | €571,710 | +€571,710 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €56,115 | €74,027 | +€17,912 | +31.9% |
| Other operating charges | 640/8 | €592 | €878 | +€286 | +48.3% |
| Gross operating margin | 9900 | €678,316 | €842,349 | +€164,033 | +24.2% |
| Operating profit (loss) | 9901 | €621,609 | €767,445 | +€145,836 | +23.5% |
| Financial income | 75/76B | €3,780 | €8,911 | +€5,131 | +136% |
| Recurring financial income | 75 | €3,780 | €8,911 | +€5,131 | +136% |
| Financial charges | 65/66B | €31,230 | €29,282 | -€1,948 | -6.2% |
| Recurring financial charges | 65 | €31,230 | €29,282 | -€1,948 | -6.2% |
| Profit (loss) for the period before taxes | 9903 | €594,159 | €747,074 | +€152,915 | +25.7% |
| Income taxes | 67/77 | €149,145 | €188,352 | +€39,207 | +26.3% |
| Profit (loss) for the period | 9904 | €445,014 | €558,723 | +€113,708 | +25.6% |
| Profit (loss) for the period to be appropriated | 9905 | €445,014 | €558,723 | +€113,708 | +25.6% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.