KOVA: 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.
KOVA
Largest movements
- Cash +€82,180
up €82,180 (+39.7%), from €207,248 to €289,427
mainly Net result for the year (+€126,277) and Depreciation (+€18,541)
- Tangible fixed assets -€18,541
down €18,541 (-6.8%), from €272,282 to €253,741
- Profit (loss) carried forward +€96,427
up €96,427 (+122.7%), from €78,576 to €175,003
- Reserves +€29,850
up €29,850 (+33.8%), from €88,201 to €118,051
of which Distributable reserves: +€29,850
- Other debts -€16,186
down €16,186 (-44.6%), from €36,305 to €20,119
- Tax, wage and social debts -€15,761
down €15,761 (-52.6%), from €29,980 to €14,219
of which Remuneration and social security: -€11,972
- Trade debts -€12,740
down €12,740 (-41.7%), from €30,525 to €17,786
- Gross operating margin +€48,989
up €48,989 (+12.7%), from €385,576 to €434,565
- Other operating charges -€43,497
down €43,497 (-88.3%), from €49,248 to €5,751
- Taxes +€26,335
up €26,335 (+189.6%), from €13,889 to €40,223
- Staff costs -€25,098
down €25,098 (-10.0%), from €249,846 to €224,748
- Financial charges +€7,445
up €7,445 (+58.6%), from €12,697 to €20,142
of which Financial charges: +€7,412
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 | €513,536 | €578,303 | +€64,768 | +12.6% |
| Fixed assets | 21/28 | €279,874 | €261,497 | -€18,376 | -6.6% |
| Tangible fixed assets | 22/27 | €272,282 | €253,741 | -€18,541 | -6.8% |
| Land and buildings | 22 | €239,821 | €233,003 | -€6,818 | -2.8% |
| Plant, machinery and equipment | 23 | €16,959 | €10,652 | -€6,307 | -37.2% |
| Furniture and vehicles | 24 | €13,406 | €8,645 | -€4,761 | -35.5% |
| Other tangible fixed assets | 26 | €2,096 | €1,441 | -€655 | -31.3% |
| Financial fixed assets | 28 | €7,592 | €7,757 | +€165 | +2.2% |
| Current assets | 29/58 | €233,662 | €316,806 | +€83,144 | +35.6% |
| Stocks and contracts in progress | 3 | €16,980 | €16,980 | = | 0.0% |
| Stocks | 30/36 | €16,980 | €16,980 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €8,718 | €10,399 | +€1,681 | +19.3% |
| Trade receivables | 40 | €1,368 | €3,040 | +€1,672 | +122.2% |
| Other amounts receivable | 41 | €7,350 | €7,358 | +€9 | +0.1% |
| Cash at bank and in hand | 54/58 | €207,248 | €289,427 | +€82,180 | +39.7% |
| Deferred charges and accrued income | 490/1 | €716 | €0 | -€716 | -100.0% |
| Total equity and liabilities | 10/49 | €513,536 | €578,303 | +€64,768 | +12.6% |
| Equity | 10/15 | €185,376 | €311,653 | +€126,277 | +68.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €88,201 | €118,051 | +€29,850 | +33.8% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €100 | €100 | = | 0.0% |
| Distributable reserves | 133 | €86,241 | €116,091 | +€29,850 | +34.6% |
| Profit (loss) carried forward | 14 | €78,576 | €175,003 | +€96,427 | +122.7% |
| Amounts payable | 17/49 | €328,159 | €266,650 | -€61,509 | -18.7% |
| Amounts payable after more than one year | 17 | €210,427 | €206,197 | -€4,230 | -2.0% |
| Financial debts | 170/4 | €210,427 | €206,197 | -€4,230 | -2.0% |
| Amounts payable within one year | 42/48 | €108,288 | €60,453 | -€47,835 | -44.2% |
| Current portion of amounts payable after more than one year | 42 | €11,477 | €8,329 | -€3,148 | -27.4% |
| Trade debts | 44 | €30,525 | €17,786 | -€12,740 | -41.7% |
| Suppliers | 440/4 | €30,525 | €17,786 | -€12,740 | -41.7% |
| Taxes, remuneration and social security | 45 | €29,980 | €14,219 | -€15,761 | -52.6% |
| Taxes | 450/3 | €16,182 | €12,392 | -€3,790 | -23.4% |
| Remuneration and social security | 454/9 | €13,799 | €1,827 | -€11,972 | -86.8% |
| Other amounts payable | 47/48 | €36,305 | €20,119 | -€16,186 | -44.6% |
| Accrued charges and deferred income | 492/3 | €9,444 | - | -€9,444 | |
| Remuneration, social security and pensions | 62 | €249,846 | €224,748 | -€25,098 | -10.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,196 | €18,541 | +€1,346 | +7.8% |
| Other operating charges | 640/8 | €49,248 | €5,751 | -€43,497 | -88.3% |
| Gross operating margin | 9900 | €385,576 | €434,565 | +€48,989 | +12.7% |
| Operating profit (loss) | 9901 | €69,286 | €185,526 | +€116,239 | +167.8% |
| Financial income | 75/76B | €3,823 | €1,117 | -€2,706 | -70.8% |
| Recurring financial income | 75 | €3,823 | €1,117 | -€2,706 | -70.8% |
| Financial charges | 65/66B | €12,697 | €20,142 | +€7,445 | +58.6% |
| Recurring financial charges | 65 | €12,697 | €20,110 | +€7,412 | +58.4% |
| Non-recurring financial charges | 66B | - | €32 | +€32 | |
| Profit (loss) for the period before taxes | 9903 | €60,412 | €166,500 | +€106,088 | +175.6% |
| Income taxes | 67/77 | €13,889 | €40,223 | +€26,335 | +189.6% |
| Profit (loss) for the period | 9904 | €46,524 | €126,277 | +€79,753 | +171.4% |
| Profit (loss) for the period to be appropriated | 9905 | €46,524 | €126,277 | +€79,753 | +171.4% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.