KPVision: 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.
KPVision
Largest movements
- Cash +€36,350
up €36,350 (+15.3%), from €236,870 to €273,221
mainly Net result for the year (+€29,351) and Depreciation (+€14,011)
- Tangible fixed assets -€14,011
down €14,011 (-25.5%), from €54,957 to €40,946
of which Furniture and vehicles: -€12,601
- Receivables within one year -€10,122
down €10,122 (-48.6%), from €20,820 to €10,697
of which Trade receivables: -€11,243
- Reserves +€29,351
up €29,351 (+11.3%), from €260,003 to €289,355
of which Distributable reserves: +€29,351
- Debts after one year -€17,278
down €17,278 (-59.7%), from €28,936 to €11,657
- Current portion of long-term debt +€8,843
new in 2025: €8,843
- Trade debts -€5,794
down €5,794 (-93.3%), from €6,212 to €417
- Gross operating margin +€11,349
up €11,349 (+25.4%), from €44,741 to €56,090
- Depreciation +€2,646
up €2,646 (+23.3%), from €11,365 to €14,011
- Taxes +€566
up €566 (+6.2%), from €9,160 to €9,726
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 | €313,384 | €325,327 | +€11,944 | +3.8% |
| Fixed assets | 21/28 | €54,957 | €40,946 | -€14,011 | -25.5% |
| Tangible fixed assets | 22/27 | €54,957 | €40,946 | -€14,011 | -25.5% |
| Plant, machinery and equipment | 23 | €2,728 | €1,319 | -€1,409 | -51.7% |
| Furniture and vehicles | 24 | €52,228 | €39,627 | -€12,601 | -24.1% |
| Current assets | 29/58 | €258,427 | €284,382 | +€25,954 | +10.0% |
| Amounts receivable within one year | 40/41 | €20,820 | €10,697 | -€10,122 | -48.6% |
| Trade receivables | 40 | €19,546 | €8,303 | -€11,243 | -57.5% |
| Other amounts receivable | 41 | €1,273 | €2,394 | +€1,121 | +88.1% |
| Cash at bank and in hand | 54/58 | €236,870 | €273,221 | +€36,350 | +15.3% |
| Deferred charges and accrued income | 490/1 | €737 | €463 | -€274 | -37.1% |
| Total equity and liabilities | 10/49 | €313,384 | €325,327 | +€11,944 | +3.8% |
| Equity | 10/15 | €266,203 | €295,555 | +€29,351 | +11.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €260,003 | €289,355 | +€29,351 | +11.3% |
| Non-distributable reserves | 130/1 | €2,810 | €2,810 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,810 | €2,810 | = | 0.0% |
| Distributable reserves | 133 | €257,193 | €286,545 | +€29,351 | +11.4% |
| Amounts payable | 17/49 | €47,180 | €29,773 | -€17,408 | -36.9% |
| Amounts payable after more than one year | 17 | €28,936 | €11,657 | -€17,278 | -59.7% |
| Financial debts | 170/4 | €28,936 | €11,657 | -€17,278 | -59.7% |
| Amounts payable within one year | 42/48 | €18,245 | €18,115 | -€129 | -0.7% |
| Current portion of amounts payable after more than one year | 42 | - | €8,843 | +€8,843 | |
| Trade debts | 44 | €6,212 | €417 | -€5,794 | -93.3% |
| Suppliers | 440/4 | €6,212 | €417 | -€5,794 | -93.3% |
| Taxes, remuneration and social security | 45 | €12,033 | €8,855 | -€3,178 | -26.4% |
| Taxes | 450/3 | €10,430 | €7,751 | -€2,679 | -25.7% |
| Remuneration and social security | 454/9 | €1,603 | €1,104 | -€499 | -31.1% |
| Non-recurring operating income | 76A | €18,003 | - | -€18,003 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,365 | €14,011 | +€2,646 | +23.3% |
| Other operating charges | 640/8 | €2,030 | €1,604 | -€427 | -21.0% |
| Gross operating margin | 9900 | €44,741 | €56,090 | +€11,349 | +25.4% |
| Operating profit (loss) | 9901 | €31,346 | €40,476 | +€9,130 | +29.1% |
| Financial income | 75/76B | €201 | €0 | -€201 | -100.0% |
| Recurring financial income | 75 | €201 | €0 | -€201 | -100.0% |
| Financial charges | 65/66B | €1,542 | €1,399 | -€144 | -9.3% |
| Recurring financial charges | 65 | €1,542 | €1,399 | -€144 | -9.3% |
| Profit (loss) for the period before taxes | 9903 | €30,004 | €39,077 | +€9,073 | +30.2% |
| Income taxes | 67/77 | €9,160 | €9,726 | +€566 | +6.2% |
| Profit (loss) for the period | 9904 | €20,845 | €29,351 | +€8,507 | +40.8% |
| Profit (loss) for the period to be appropriated | 9905 | €20,845 | €29,351 | +€8,507 | +40.8% |
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 4 October 2026 via checked.be.