KV TRADING: 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 TRADING
Largest movements
- Cash -€93,891
down €93,891 (-97.5%), from €96,319 to €2,428
mainly Net result for the year (-€47,214) and Other debts (-€26,611)
- Tangible fixed assets +€19,204
up €19,204 (+9.2%), from €208,085 to €227,289
of which Assets under construction and advance payments: +€19,868
- Profit (loss) carried forward -€47,214
down €47,214 (-21.3%), from -€222,159 to -€269,373
- Other debts -€26,611
down €26,611 (-21.2%), from €125,799 to €99,188
- Gross operating margin -€66,372
down €66,372, from €26,150 to -€40,222
- Other operating charges +€1,325
up €1,325 (+39.4%), from €3,365 to €4,690
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 | €306,750 | €232,456 | -€74,295 | -24.2% |
| Fixed assets | 21/28 | €208,085 | €227,289 | +€19,204 | +9.2% |
| Tangible fixed assets | 22/27 | €208,085 | €227,289 | +€19,204 | +9.2% |
| Plant, machinery and equipment | 23 | €331 | €167 | -€164 | -49.6% |
| Furniture and vehicles | 24 | €1,135 | €635 | -€500 | -44.0% |
| Assets under construction and advance payments | 27 | €206,618 | €226,486 | +€19,868 | +9.6% |
| Current assets | 29/58 | €98,665 | €5,167 | -€93,498 | -94.8% |
| Amounts receivable within one year | 40/41 | €2,269 | €737 | -€1,532 | -67.5% |
| Other amounts receivable | 41 | €2,269 | €737 | -€1,532 | -67.5% |
| Cash at bank and in hand | 54/58 | €96,319 | €2,428 | -€93,891 | -97.5% |
| Deferred charges and accrued income | 490/1 | €77 | €2,002 | +€1,925 | +2,512% |
| Total equity and liabilities | 10/49 | €306,750 | €232,456 | -€74,295 | -24.2% |
| Equity | 10/15 | -€22,159 | -€69,373 | -€47,214 | -213% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€222,159 | -€269,373 | -€47,214 | -21.3% |
| Amounts payable | 17/49 | €328,909 | €301,829 | -€27,081 | -8.2% |
| Amounts payable after more than one year | 17 | €200,000 | €200,000 | = | 0.0% |
| Financial debts | 170/4 | €200,000 | €200,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €128,909 | €101,829 | -€27,081 | -21.0% |
| Trade debts | 44 | €17 | €2,497 | +€2,480 | +14,571% |
| Suppliers | 440/4 | €17 | €2,497 | +€2,480 | +14,571% |
| Taxes, remuneration and social security | 45 | €3,093 | €144 | -€2,950 | -95.4% |
| Taxes | 450/3 | €1,900 | €144 | -€1,756 | -92.4% |
| Remuneration and social security | 454/9 | €1,193 | - | -€1,193 | |
| Other amounts payable | 47/48 | €125,799 | €99,188 | -€26,611 | -21.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €529 | €664 | +€135 | +25.6% |
| Other operating charges | 640/8 | €3,365 | €4,690 | +€1,325 | +39.4% |
| Gross operating margin | 9900 | €26,150 | -€40,222 | -€66,372 | |
| Operating profit (loss) | 9901 | €22,256 | -€45,576 | -€67,832 | |
| Financial charges | 65/66B | €1,454 | €1,495 | +€41 | +2.8% |
| Recurring financial charges | 65 | €1,454 | €1,495 | +€41 | +2.8% |
| Profit (loss) for the period before taxes | 9903 | €20,803 | -€47,070 | -€67,873 | |
| Income taxes | 67/77 | €157 | €144 | -€13 | -8.3% |
| Profit (loss) for the period | 9904 | €20,646 | -€47,214 | -€67,860 | |
| Profit (loss) for the period to be appropriated | 9905 | €20,646 | -€47,214 | -€67,860 |
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 21 October 2026 via checked.be.