Kova: 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.
Kova
Largest movements
- Financial fixed assets +€200,000
new in 2025: €200,000
- Receivables within one year +€28,790
up €28,790 (+37.7%), from €76,350 to €105,141
of which Other amounts receivable: +€20,261
- Cash +€28,033
up €28,033 (+262%), from €10,679 to €38,712
mainly Other debts (+€275,366) and Depreciation (+€790)
- Tangible fixed assets +€18,540
new in 2025: €18,540
- Other debts +€275,366
up €275,366 (+2,947%), from €9,344 to €284,710
- Gross operating margin -€11,742
down €11,742 (-85.4%), from €13,757 to €2,015
- Other operating charges -€3,501
down €3,501 (-81.1%), from €4,317 to €816
- Taxes -€3,078
down €3,078 (-98.4%), from €3,129 to €51
- Depreciation +€790
new in 2025: €790
- Financial charges -€300
no longer reported in 2025 (was €300)
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 | €97,030 | €372,393 | +€275,364 | +284% |
| Fixed assets | 21/28 | - | €218,540 | +€218,540 | |
| Tangible fixed assets | 22/27 | - | €18,540 | +€18,540 | |
| Plant, machinery and equipment | 23 | - | €18,540 | +€18,540 | |
| Financial fixed assets | 28 | - | €200,000 | +€200,000 | |
| Current assets | 29/58 | €97,030 | €153,853 | +€56,823 | +58.6% |
| Amounts receivable within one year | 40/41 | €76,350 | €105,141 | +€28,790 | +37.7% |
| Trade receivables | 40 | - | €8,529 | +€8,529 | |
| Other amounts receivable | 41 | €76,350 | €96,612 | +€20,261 | +26.5% |
| Cash at bank and in hand | 54/58 | €10,679 | €38,712 | +€28,033 | +262% |
| Deferred charges and accrued income | 490/1 | €10,000 | €10,000 | = | 0.0% |
| Total equity and liabilities | 10/49 | €97,030 | €372,393 | +€275,364 | +284% |
| Equity | 10/15 | €84,285 | €84,643 | +€358 | +0.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €7,500 | €7,500 | = | 0.0% |
| Distributable reserves | 133 | €7,500 | €7,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €56,785 | €57,143 | +€358 | +0.6% |
| Amounts payable | 17/49 | €12,745 | €287,751 | +€275,006 | +2,158% |
| Amounts payable within one year | 42/48 | €12,745 | €287,751 | +€275,006 | +2,158% |
| Trade debts | 44 | €411 | - | -€411 | |
| Suppliers | 440/4 | €411 | - | -€411 | |
| Taxes, remuneration and social security | 45 | €2,990 | €3,041 | +€51 | +1.7% |
| Taxes | 450/3 | €2,990 | €3,041 | +€51 | +1.7% |
| Other amounts payable | 47/48 | €9,344 | €284,710 | +€275,366 | +2,947% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €790 | +€790 | |
| Other operating charges | 640/8 | €4,317 | €816 | -€3,501 | -81.1% |
| Gross operating margin | 9900 | €13,757 | €2,015 | -€11,742 | -85.4% |
| Operating profit (loss) | 9901 | €9,440 | €409 | -€9,031 | -95.7% |
| Financial charges | 65/66B | €300 | - | -€300 | |
| Recurring financial charges | 65 | €300 | - | -€300 | |
| Profit (loss) for the period before taxes | 9903 | €9,141 | €409 | -€8,732 | -95.5% |
| Income taxes | 67/77 | €3,129 | €51 | -€3,078 | -98.4% |
| Profit (loss) for the period | 9904 | €6,011 | €358 | -€5,653 | -94.0% |
| Profit (loss) for the period to be appropriated | 9905 | €6,011 | €358 | -€5,653 | -94.0% |
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 25 October 2026 via checked.be.