KV-Industry: 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-Industry
Largest movements
- Cash +€179,660
up €179,660 (+407%), from €44,090 to €223,750
mainly Net result for the year (+€122,093) and Tax, wage and social debts (+€43,321)
- Tangible fixed assets +€39,686
up €39,686 (+87.5%), from €45,338 to €85,024
- Receivables within one year -€31,773
down €31,773 (-32.7%), from €97,193 to €65,420
of which Trade receivables: -€24,968
- Profit (loss) carried forward +€72,093
up €72,093 (+213%), from €33,828 to €105,921
- Reserves +€50,000
up €50,000 (+50.0%), from €100,000 to €150,000
- Tax, wage and social debts +€43,321
up €43,321 (+866%), from €5,000 to €48,321
- Current portion of long-term debt +€27,083
new in 2025: €27,083
- Trade debts -€5,242
down €5,242 (-20.8%), from €25,145 to €19,903
- Gross operating margin +€91,616
up €91,616 (+88.0%), from €104,059 to €195,675
- Taxes +€38,460
up €38,460 (+316%), from €12,170 to €50,630
- Depreciation +€17,592
up €17,592 (+480%), from €3,662 to €21,253
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 | €186,621 | €374,194 | +€187,573 | +101% |
| Fixed assets | 21/28 | €45,338 | €85,024 | +€39,686 | +87.5% |
| Tangible fixed assets | 22/27 | €45,338 | €85,024 | +€39,686 | +87.5% |
| Furniture and vehicles | 24 | €45,338 | €85,024 | +€39,686 | +87.5% |
| Current assets | 29/58 | €141,283 | €289,169 | +€147,887 | +105% |
| Amounts receivable within one year | 40/41 | €97,193 | €65,420 | -€31,773 | -32.7% |
| Trade receivables | 40 | €90,388 | €65,420 | -€24,968 | -27.6% |
| Other amounts receivable | 41 | €6,805 | - | -€6,805 | |
| Cash at bank and in hand | 54/58 | €44,090 | €223,750 | +€179,660 | +407% |
| Total equity and liabilities | 10/49 | €186,621 | €374,194 | +€187,573 | +101% |
| Equity | 10/15 | €152,428 | €274,521 | +€122,093 | +80.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €100,000 | €150,000 | +€50,000 | +50.0% |
| Distributable reserves | 133 | €100,000 | €150,000 | +€50,000 | +50.0% |
| Profit (loss) carried forward | 14 | €33,828 | €105,921 | +€72,093 | +213% |
| Amounts payable | 17/49 | €34,193 | €99,673 | +€65,480 | +191% |
| Amounts payable within one year | 42/48 | €34,152 | €98,961 | +€64,809 | +190% |
| Current portion of amounts payable after more than one year | 42 | - | €27,083 | +€27,083 | |
| Trade debts | 44 | €25,145 | €19,903 | -€5,242 | -20.8% |
| Suppliers | 440/4 | €25,145 | €19,903 | -€5,242 | -20.8% |
| Taxes, remuneration and social security | 45 | €5,000 | €48,321 | +€43,321 | +866% |
| Taxes | 450/3 | €5,000 | €48,321 | +€43,321 | +866% |
| Other amounts payable | 47/48 | €4,007 | €3,654 | -€353 | -8.8% |
| Accrued charges and deferred income | 492/3 | €41 | €712 | +€671 | +1,618% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,662 | €21,253 | +€17,592 | +480% |
| Other operating charges | 640/8 | €126 | €308 | +€182 | +144% |
| Gross operating margin | 9900 | €104,059 | €195,675 | +€91,616 | +88.0% |
| Operating profit (loss) | 9901 | €100,271 | €174,114 | +€73,843 | +73.6% |
| Financial income | 75/76B | €2 | €189 | +€188 | +10,362% |
| Recurring financial income | 75 | €2 | €189 | +€188 | +10,362% |
| Financial charges | 65/66B | €2 | €1,580 | +€1,578 | +86,726% |
| Recurring financial charges | 65 | €2 | €1,580 | +€1,578 | +86,726% |
| Profit (loss) for the period before taxes | 9903 | €100,271 | €172,723 | +€72,452 | +72.3% |
| Income taxes | 67/77 | €12,170 | €50,630 | +€38,460 | +316% |
| Profit (loss) for the period | 9904 | €88,101 | €122,093 | +€33,992 | +38.6% |
| Profit (loss) for the period to be appropriated | 9905 | €88,101 | €122,093 | +€33,992 | +38.6% |
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 27 October 2026 via checked.be.