KV PAINT: 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 PAINT
Largest movements
- Cash -€24,998
down €24,998 (-51.5%), from €48,566 to €23,568
mainly Investment in fixed assets (net) (-€22,583) and Stocks and contracts (-€22,529)
- Stocks and contracts +€22,529
new in 2025: €22,529
- Tangible fixed assets +€16,222
up €16,222 (+170%), from €9,558 to €25,780
of which Furniture and vehicles: +€12,560
- Deferred charges and accrued income +€6,114
new in 2025: €6,114
- Receivables within one year +€2,307
up €2,307 (+7.9%), from €29,129 to €31,436
of which Other amounts receivable: +€11,897
- Reserves +€41,369
up €41,369 (+410%), from €10,090 to €51,459
of which Distributable reserves: +€42,368
- Profit (loss) carried forward -€38,990
no longer reported in 2025 (was €38,990)
- Debts after one year +€14,668
new in 2025: €14,668
- Trade debts +€3,819
up €3,819 (+18.1%), from €21,094 to €24,913
- Current portion of long-term debt +€2,319
up €2,319 (+216%), from €1,074 to €3,393
- Turnover -€526,106
no longer reported in 2025 (was €526,106)
- Purchases and services -€492,323
no longer reported in 2025 (was €492,323)
- Gross operating margin -€14,912
down €14,912 (-44.1%), from €33,784 to €18,871
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 | €87,253 | €109,427 | +€22,174 | +25.4% |
| Fixed assets | 21/28 | €9,558 | €25,780 | +€16,222 | +170% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €9,558 | €25,780 | +€16,222 | +170% |
| Plant, machinery and equipment | 23 | - | €2,345 | +€2,345 | |
| Furniture and vehicles | 24 | €7,138 | €19,698 | +€12,560 | +176% |
| Other tangible fixed assets | 26 | €2,420 | €3,736 | +€1,316 | +54.4% |
| Current assets | 29/58 | €77,695 | €83,647 | +€5,952 | +7.7% |
| Stocks and contracts in progress | 3 | - | €22,529 | +€22,529 | |
| Stocks | 30/36 | - | €22,529 | +€22,529 | |
| Amounts receivable within one year | 40/41 | €29,129 | €31,436 | +€2,307 | +7.9% |
| Trade receivables | 40 | €25,047 | €15,457 | -€9,590 | -38.3% |
| Other amounts receivable | 41 | €4,082 | €15,979 | +€11,897 | +291% |
| Cash at bank and in hand | 54/58 | €48,566 | €23,568 | -€24,998 | -51.5% |
| Deferred charges and accrued income | 490/1 | - | €6,114 | +€6,114 | |
| Total equity and liabilities | 10/49 | €87,253 | €109,427 | +€22,174 | +25.4% |
| Equity | 10/15 | €55,279 | €57,659 | +€2,379 | +4.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €10,090 | €51,459 | +€41,369 | +410% |
| Non-distributable reserves | 130/1 | €999 | - | -€999 | |
| Reserves not available under the articles | 1311 | €999 | - | -€999 | |
| Distributable reserves | 133 | €9,091 | €51,459 | +€42,368 | +466% |
| Profit (loss) carried forward | 14 | €38,990 | - | -€38,990 | |
| Amounts payable | 17/49 | €31,974 | €51,768 | +€19,795 | +61.9% |
| Amounts payable after more than one year | 17 | - | €14,668 | +€14,668 | |
| Financial debts | 170/4 | - | €14,668 | +€14,668 | |
| Amounts payable within one year | 42/48 | €31,974 | €36,915 | +€4,941 | +15.5% |
| Current portion of amounts payable after more than one year | 42 | €1,074 | €3,393 | +€2,319 | +216% |
| Trade debts | 44 | €21,094 | €24,913 | +€3,819 | +18.1% |
| Suppliers | 440/4 | €21,094 | €24,913 | +€3,819 | +18.1% |
| Taxes, remuneration and social security | 45 | €8,583 | €8,609 | +€26 | +0.3% |
| Taxes | 450/3 | €8,583 | €8,609 | +€26 | +0.3% |
| Other amounts payable | 47/48 | €1,223 | - | -€1,223 | |
| Accrued charges and deferred income | 492/3 | - | €185 | +€185 | |
| Turnover | 70 | €526,106 | - | -€526,106 | |
| Goods, raw materials, services and sundry goods | 60/61 | €492,323 | - | -€492,323 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,458 | €6,362 | -€2,097 | -24.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,817 | - | -€1,817 | |
| Other operating charges | 640/8 | €1,390 | €1,443 | +€52 | +3.7% |
| Gross operating margin | 9900 | €33,784 | €18,871 | -€14,912 | -44.1% |
| Operating profit (loss) | 9901 | €22,118 | €11,067 | -€11,051 | -50.0% |
| Financial income | 75/76B | €0 | €21 | +€21 | +11,628% |
| Recurring financial income | 75 | €0 | €21 | +€21 | +11,628% |
| Financial charges | 65/66B | €2,324 | €3,138 | +€814 | +35.0% |
| Recurring financial charges | 65 | €2,324 | €3,138 | +€814 | +35.0% |
| Profit (loss) for the period before taxes | 9903 | €19,795 | €7,950 | -€11,845 | -59.8% |
| Income taxes | 67/77 | €6,414 | €5,571 | -€842 | -13.1% |
| Profit (loss) for the period | 9904 | €13,381 | €2,379 | -€11,002 | -82.2% |
| Profit (loss) for the period to be appropriated | 9905 | €13,381 | €2,379 | -€11,002 | -82.2% |
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 26 October 2026 via checked.be.