KV CONSULT: 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.
KV CONSULT
Largest movements
- Receivables within one year +€10,439
up €10,439 (+23.5%), from €44,431 to €54,870
of which Trade receivables: +€10,177
- Cash -€7,204
down €7,204 (-25.8%), from €27,910 to €20,706
mainly Trade debts (-€12,205) and Receivables within one year (-€10,439)
- Reserves +€12,497
up €12,497 (+45.0%), from €27,742 to €40,239
- Trade debts -€12,205
down €12,205 (-53.3%), from €22,894 to €10,690
- Tax, wage and social debts +€7,342
up €7,342 (+80.1%), from €9,168 to €16,510
- Other debts -€3,673
down €3,673 (-64.7%), from €5,673 to €2,000
- Gross operating margin +€6,467
up €6,467 (+44.7%), from €14,468 to €20,935
- Taxes +€3,737
up €3,737 (+97.6%), from €3,827 to €7,563
- Depreciation -€2,790
down €2,790 (-100.0%), from €2,790 to €0
- Other operating charges +€278
up €278 (+47.0%), from €591 to €869
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 | €72,691 | €75,926 | +€3,235 | +4.4% |
| Fixed assets | 21/28 | €350 | €350 | = | 0.0% |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Financial fixed assets | 28 | €350 | €350 | = | 0.0% |
| Current assets | 29/58 | €72,341 | €75,576 | +€3,235 | +4.5% |
| Amounts receivable within one year | 40/41 | €44,431 | €54,870 | +€10,439 | +23.5% |
| Trade receivables | 40 | €18,229 | €28,406 | +€10,177 | +55.8% |
| Other amounts receivable | 41 | €26,203 | €26,465 | +€262 | +1.0% |
| Cash at bank and in hand | 54/58 | €27,910 | €20,706 | -€7,204 | -25.8% |
| Total equity and liabilities | 10/49 | €72,691 | €75,926 | +€3,235 | +4.4% |
| Equity | 10/15 | €33,942 | €46,439 | +€12,497 | +36.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €27,742 | €40,239 | +€12,497 | +45.0% |
| Distributable reserves | 133 | €27,742 | €40,239 | +€12,497 | +45.0% |
| Amounts payable | 17/49 | €38,749 | €29,487 | -€9,262 | -23.9% |
| Amounts payable within one year | 42/48 | €38,749 | €29,487 | -€9,262 | -23.9% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €1,014 | €288 | -€727 | -71.6% |
| Credit institutions | 430/8 | €1,014 | €288 | -€727 | -71.6% |
| Trade debts | 44 | €22,894 | €10,690 | -€12,205 | -53.3% |
| Suppliers | 440/4 | €22,894 | €10,690 | -€12,205 | -53.3% |
| Taxes, remuneration and social security | 45 | €9,168 | €16,510 | +€7,342 | +80.1% |
| Taxes | 450/3 | €9,168 | €16,510 | +€7,342 | +80.1% |
| Other amounts payable | 47/48 | €5,673 | €2,000 | -€3,673 | -64.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,790 | €0 | -€2,790 | -100.0% |
| Other operating charges | 640/8 | €591 | €869 | +€278 | +47.0% |
| Gross operating margin | 9900 | €14,468 | €20,935 | +€6,467 | +44.7% |
| Operating profit (loss) | 9901 | €11,087 | €20,067 | +€8,979 | +81.0% |
| Financial income | 75/76B | €293 | €326 | +€33 | +11.4% |
| Recurring financial income | 75 | €293 | €326 | +€33 | +11.4% |
| Financial charges | 65/66B | €398 | €333 | -€65 | -16.4% |
| Recurring financial charges | 65 | €398 | €333 | -€65 | -16.4% |
| Profit (loss) for the period before taxes | 9903 | €10,982 | €20,060 | +€9,078 | +82.7% |
| Income taxes | 67/77 | €3,827 | €7,563 | +€3,737 | +97.6% |
| Profit (loss) for the period | 9904 | €7,155 | €12,497 | +€5,341 | +74.6% |
| Profit (loss) for the period to be appropriated | 9905 | €7,155 | €12,497 | +€5,341 | +74.6% |
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.