KV.co: 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.
KV.co
Largest movements
- Tangible fixed assets +€61,797
up €61,797 (+1,106%), from €5,588 to €67,385
of which Land and buildings: +€64,171
- Receivables within one year +€13,246
up €13,246 (+397%), from €3,334 to €16,580
of which Trade receivables: +€14,346
- Cash +€11,087
up €11,087 (+12.4%), from €89,420 to €100,507
mainly Debts after one year (+€47,550) and Net result for the year (+€40,731)
- Deferred charges and accrued income +€3,931
up €3,931 (+839%), from €468 to €4,399
- Debts after one year +€47,550
new in 2025: €47,550
- Reserves +€40,731
up €40,731 (+59.0%), from €68,979 to €109,710
- Tax, wage and social debts -€5,301
down €5,301 (-33.0%), from €16,072 to €10,771
- Current portion of long-term debt +€4,755
new in 2025: €4,755
- Gross operating margin +€31,603
up €31,603 (+79.8%), from €39,621 to €71,225
- Depreciation +€12,369
up €12,369 (+440%), from €2,813 to €15,181
- Taxes +€3,601
up €3,601 (+37.5%), from €9,608 to €13,210
- Financial charges +€1,355
up €1,355 (+1,478%), from €92 to €1,447
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 | €98,810 | €188,872 | +€90,062 | +91.1% |
| Fixed assets | 21/28 | €5,588 | €67,385 | +€61,797 | +1,106% |
| Tangible fixed assets | 22/27 | €5,588 | €67,385 | +€61,797 | +1,106% |
| Land and buildings | 22 | - | €64,171 | +€64,171 | |
| Furniture and vehicles | 24 | €5,588 | €3,214 | -€2,374 | -42.5% |
| Current assets | 29/58 | €93,222 | €121,487 | +€28,265 | +30.3% |
| Amounts receivable within one year | 40/41 | €3,334 | €16,580 | +€13,246 | +397% |
| Trade receivables | 40 | €1,934 | €16,280 | +€14,346 | +742% |
| Other amounts receivable | 41 | €1,400 | €300 | -€1,100 | -78.6% |
| Cash at bank and in hand | 54/58 | €89,420 | €100,507 | +€11,087 | +12.4% |
| Deferred charges and accrued income | 490/1 | €468 | €4,399 | +€3,931 | +839% |
| Total equity and liabilities | 10/49 | €98,810 | €188,872 | +€90,062 | +91.1% |
| Equity | 10/15 | €71,979 | €112,710 | +€40,731 | +56.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €68,979 | €109,710 | +€40,731 | +59.0% |
| Distributable reserves | 133 | €68,979 | €109,710 | +€40,731 | +59.0% |
| Amounts payable | 17/49 | €26,831 | €76,162 | +€49,330 | +184% |
| Amounts payable after more than one year | 17 | - | €47,550 | +€47,550 | |
| Financial debts | 170/4 | - | €47,550 | +€47,550 | |
| Amounts payable within one year | 42/48 | €26,831 | €28,012 | +€1,181 | +4.4% |
| Current portion of amounts payable after more than one year | 42 | - | €4,755 | +€4,755 | |
| Trade debts | 44 | €1,915 | €1,896 | -€19 | -1.0% |
| Suppliers | 440/4 | €1,915 | €1,896 | -€19 | -1.0% |
| Taxes, remuneration and social security | 45 | €16,072 | €10,771 | -€5,301 | -33.0% |
| Taxes | 450/3 | €16,072 | €10,771 | -€5,301 | -33.0% |
| Other amounts payable | 47/48 | €8,844 | €10,591 | +€1,746 | +19.7% |
| Accrued charges and deferred income | 492/3 | - | €600 | +€600 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,813 | €15,181 | +€12,369 | +440% |
| Other operating charges | 640/8 | €468 | €688 | +€220 | +47.0% |
| Gross operating margin | 9900 | €39,621 | €71,225 | +€31,603 | +79.8% |
| Operating profit (loss) | 9901 | €36,341 | €55,355 | +€19,015 | +52.3% |
| Financial income | 75/76B | €0 | €33 | +€33 | |
| Recurring financial income | 75 | €0 | €33 | +€33 | |
| Financial charges | 65/66B | €92 | €1,447 | +€1,355 | +1,478% |
| Recurring financial charges | 65 | €92 | €1,447 | +€1,355 | +1,478% |
| Profit (loss) for the period before taxes | 9903 | €36,249 | €53,941 | +€17,692 | +48.8% |
| Income taxes | 67/77 | €9,608 | €13,210 | +€3,601 | +37.5% |
| Profit (loss) for the period | 9904 | €26,641 | €40,731 | +€14,091 | +52.9% |
| Profit (loss) for the period to be appropriated | 9905 | €26,641 | €40,731 | +€14,091 | +52.9% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.