KUVI CONSTRUCT: 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.
KUVI CONSTRUCT
Largest movements
- Stocks and contracts +€597,023
up €597,023 (+194%), from €307,427 to €904,451
of which Stocks: +€597,023
- Cash -€42,055
down €42,055 (-40.0%), from €105,156 to €63,101
mainly Stocks and contracts (-€597,023) and Tax, wage and social debts (-€119,975)
- Tangible fixed assets -€20,484
down €20,484 (-20.2%), from €101,373 to €80,889
of which Furniture and vehicles: -€13,076
- Short-term financial debts +€555,078
up €555,078 (+206%), from €268,882 to €823,960
- Tax, wage and social debts -€119,975
down €119,975 (-99.1%), from €121,112 to €1,137
- Reserves +€74,140
up €74,140, from €0 to €74,140
- Profit (loss) carried forward +€33,692
up €33,692, from -€33,692 to €0
- Other debts +€33,045
up €33,045 (+30.1%), from €109,722 to €142,767
- Gross operating margin +€222,449
up €222,449, from -€57,093 to €165,355
- Financial charges -€16,590
down €16,590 (-34.8%), from €47,624 to €31,034
- Depreciation -€2,929
down €2,929 (-10.4%), from €28,138 to €25,209
- Financial income +€1,936
up €1,936, from €0 to €1,936
of which Financial income: +€1,936
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 | €592,306 | €1,126,326 | +€534,020 | +90.2% |
| Fixed assets | 21/28 | €101,373 | €80,889 | -€20,484 | -20.2% |
| Tangible fixed assets | 22/27 | €101,373 | €80,889 | -€20,484 | -20.2% |
| Plant, machinery and equipment | 23 | €67,102 | €59,693 | -€7,408 | -11.0% |
| Furniture and vehicles | 24 | €34,272 | €21,196 | -€13,076 | -38.2% |
| Current assets | 29/58 | €490,932 | €1,045,436 | +€554,504 | +113% |
| Stocks and contracts in progress | 3 | €307,427 | €904,451 | +€597,023 | +194% |
| Stocks | 30/36 | €297,347 | €894,371 | +€597,023 | +201% |
| Contracts in progress | 37 | €10,080 | €10,080 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €78,349 | €77,055 | -€1,294 | -1.7% |
| Trade receivables | 40 | €77,293 | €33,024 | -€44,269 | -57.3% |
| Other amounts receivable | 41 | €1,056 | €44,031 | +€42,975 | +4,070% |
| Cash at bank and in hand | 54/58 | €105,156 | €63,101 | -€42,055 | -40.0% |
| Deferred charges and accrued income | 490/1 | €0 | €829 | +€829 | |
| Total equity and liabilities | 10/49 | €592,306 | €1,126,326 | +€534,020 | +90.2% |
| Equity | 10/15 | -€15,092 | €92,740 | +€107,832 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €0 | €74,140 | +€74,140 | |
| Distributable reserves | 133 | €0 | €74,140 | +€74,140 | |
| Profit (loss) carried forward | 14 | -€33,692 | €0 | +€33,692 | |
| Amounts payable | 17/49 | €607,397 | €1,033,585 | +€426,188 | +70.2% |
| Amounts payable after more than one year | 17 | €26,364 | €10,263 | -€16,101 | -61.1% |
| Financial debts | 170/4 | €26,364 | €10,263 | -€16,101 | -61.1% |
| Amounts payable within one year | 42/48 | €568,832 | €1,020,585 | +€451,753 | +79.4% |
| Current portion of amounts payable after more than one year | 42 | €21,471 | €16,101 | -€5,370 | -25.0% |
| Financial debts | 43 | €268,882 | €823,960 | +€555,078 | +206% |
| Credit institutions | 430/8 | €268,882 | €823,960 | +€555,078 | +206% |
| Trade debts | 44 | €47,646 | €36,621 | -€11,025 | -23.1% |
| Suppliers | 440/4 | €47,646 | €36,621 | -€11,025 | -23.1% |
| Taxes, remuneration and social security | 45 | €121,112 | €1,137 | -€119,975 | -99.1% |
| Taxes | 450/3 | €121,112 | €1,137 | -€119,975 | -99.1% |
| Other amounts payable | 47/48 | €109,722 | €142,767 | +€33,045 | +30.1% |
| Accrued charges and deferred income | 492/3 | €12,201 | €2,737 | -€9,464 | -77.6% |
| Non-recurring operating income | 76A | €7,535 | €35,124 | +€27,589 | +366% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,138 | €25,209 | -€2,929 | -10.4% |
| Other operating charges | 640/8 | €3,262 | €2,931 | -€332 | -10.2% |
| Gross operating margin | 9900 | -€57,093 | €165,355 | +€222,449 | |
| Operating profit (loss) | 9901 | -€88,494 | €137,216 | +€225,710 | |
| Financial income | 75/76B | €0 | €1,936 | +€1,936 | |
| Recurring financial income | 75 | €0 | €1,936 | +€1,936 | |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €47,624 | €31,034 | -€16,590 | -34.8% |
| Recurring financial charges | 65 | €47,624 | €31,034 | -€16,590 | -34.8% |
| Profit (loss) for the period before taxes | 9903 | -€136,118 | €108,118 | +€244,235 | |
| Income taxes | 67/77 | €815 | €286 | -€529 | -64.9% |
| Profit (loss) for the period | 9904 | -€136,933 | €107,832 | +€244,765 | |
| Profit (loss) for the period to be appropriated | 9905 | -€136,933 | €107,832 | +€244,765 |
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.