KUVEILLER: what changed
KUVEILLER
Largest movements
- Cash -€13,858
down €13,858 (-36.1%), from €38,407 to €24,550
mainly Contributions, distributions and other (-€19,000) and Investment in fixed assets (net) (-€15,000)
- Tangible fixed assets +€11,414
new in 2025: €11,414
- Receivables within one year +€9,685
up €9,685 (+523%), from €1,850 to €11,535
of which Trade receivables: +€9,855
- Profit (loss) carried forward +€14,696
up €14,696 (+82.5%), from -€17,823 to -€3,127
- Reserves -€10,000
down €10,000 (-100%), from €10,000 to €0
- Tax, wage and social debts +€3,125
up €3,125 (+27.3%), from €11,466 to €14,591
- Trade debts -€963
down €963 (-36.8%), from €2,615 to €1,653
- Taxes +€4,925
up €4,925 (+124%), from €3,966 to €8,891
- Depreciation +€3,586
new in 2025: €3,586
- Gross operating margin +€1,171
up €1,171 (+3.3%), from €35,473 to €36,644
- Financial charges -€480
down €480 (-88.1%), from €545 to €65
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €42,012 | €48,881 | +€6,869 | +16.3% |
| Fixed assets | 21/28 | €220 | €11,634 | +€11,414 | +5,188% |
| Tangible fixed assets | 22/27 | - | €11,414 | +€11,414 | |
| Furniture and vehicles | 24 | - | €11,414 | +€11,414 | |
| Financial fixed assets | 28 | €220 | €220 | = | 0.0% |
| Current assets | 29/58 | €41,792 | €37,247 | -€4,546 | -10.9% |
| Stocks and contracts in progress | 3 | €1,444 | €1,087 | -€357 | -24.7% |
| Stocks | 30/36 | €1,444 | €1,087 | -€357 | -24.7% |
| Amounts receivable within one year | 40/41 | €1,850 | €11,535 | +€9,685 | +523% |
| Trade receivables | 40 | €145 | €10,000 | +€9,855 | +6,774% |
| Other amounts receivable | 41 | €1,705 | €1,535 | -€169 | -9.9% |
| Cash at bank and in hand | 54/58 | €38,407 | €24,550 | -€13,858 | -36.1% |
| Deferred charges and accrued income | 490/1 | €90 | €75 | -€16 | -17.5% |
| Total equity and liabilities | 10/49 | €42,012 | €48,881 | +€6,869 | +16.3% |
| Equity | 10/15 | €12,637 | €17,333 | +€4,696 | +37.2% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €10,000 | €0 | -€10,000 | -100% |
| Distributable reserves | 133 | €10,000 | €0 | -€10,000 | -100% |
| Profit (loss) carried forward | 14 | -€17,823 | -€3,127 | +€14,696 | +82.5% |
| Amounts payable | 17/49 | €29,375 | €31,548 | +€2,173 | +7.4% |
| Amounts payable after more than one year | 17 | €12,794 | €12,805 | +€11 | +0.1% |
| Other amounts payable | 178/9 | €12,794 | €12,805 | +€11 | +0.1% |
| Amounts payable within one year | 42/48 | €16,581 | €18,743 | +€2,162 | +13.0% |
| Trade debts | 44 | €2,615 | €1,653 | -€963 | -36.8% |
| Suppliers | 440/4 | €2,615 | €1,653 | -€963 | -36.8% |
| Taxes, remuneration and social security | 45 | €11,466 | €14,591 | +€3,125 | +27.3% |
| Taxes | 450/3 | €11,466 | €14,591 | +€3,125 | +27.3% |
| Other amounts payable | 47/48 | €2,500 | €2,500 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €184 | €0 | -€184 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €3,586 | +€3,586 | |
| Other operating charges | 640/8 | €388 | €752 | +€364 | +94.0% |
| Gross operating margin | 9900 | €35,473 | €36,644 | +€1,171 | +3.3% |
| Operating profit (loss) | 9901 | €34,902 | €32,306 | -€2,596 | -7.4% |
| Financial income | 75/76B | €268 | €345 | +€77 | +28.8% |
| Recurring financial income | 75 | €268 | €345 | +€77 | +28.8% |
| Financial charges | 65/66B | €545 | €65 | -€480 | -88.1% |
| Recurring financial charges | 65 | €545 | €65 | -€480 | -88.1% |
| Profit (loss) for the period before taxes | 9903 | €34,625 | €32,586 | -€2,039 | -5.9% |
| Income taxes | 67/77 | €3,966 | €8,891 | +€4,925 | +124% |
| Profit (loss) for the period | 9904 | €30,660 | €23,696 | -€6,964 | -22.7% |
| Profit (loss) for the period to be appropriated | 9905 | €30,660 | €23,696 | -€6,964 | -22.7% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.