KV-TRANS: 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-TRANS
Largest movements
- Tangible fixed assets +€3,497
up €3,497 (+9.7%), from €36,156 to €39,653
of which Furniture and vehicles: +€6,039
- Reserves +€8,032
up €8,032 (+13.1%), from €61,380 to €69,413
of which Distributable reserves: +€8,032
- Trade debts -€3,931
down €3,931 (-63.3%), from €6,209 to €2,279
- Debts after one year -€3,026
down €3,026 (-66.2%), from €4,568 to €1,542
- Other debts +€1,142
up €1,142 (+69.1%), from €1,653 to €2,794
- Gross operating margin +€13,506
up €13,506 (+94.0%), from €14,372 to €27,878
- Depreciation +€3,267
up €3,267 (+39.5%), from €8,276 to €11,543
- Taxes +€1,816
up €1,816 (+63.6%), from €2,857 to €4,673
- Financial charges +€1,608
up €1,608 (+169.1%), from €951 to €2,559
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 | €94,589 | €97,661 | +€3,072 | +3.2% |
| Fixed assets | 21/28 | €36,156 | €39,653 | +€3,497 | +9.7% |
| Tangible fixed assets | 22/27 | €36,156 | €39,653 | +€3,497 | +9.7% |
| Land and buildings | 22 | €6,608 | €5,389 | -€1,219 | -18.5% |
| Plant, machinery and equipment | 23 | €5,524 | €4,202 | -€1,323 | -23.9% |
| Furniture and vehicles | 24 | €24,024 | €30,063 | +€6,039 | +25.1% |
| Current assets | 29/58 | €58,433 | €58,008 | -€425 | -0.7% |
| Amounts receivable within one year | 40/41 | €12,349 | €11,962 | -€387 | -3.1% |
| Trade receivables | 40 | €11,452 | €11,928 | +€476 | +4.2% |
| Other amounts receivable | 41 | €897 | €34 | -€862 | -96.2% |
| Cash at bank and in hand | 54/58 | €46,084 | €46,046 | -€39 | -0.1% |
| Total equity and liabilities | 10/49 | €94,589 | €97,661 | +€3,072 | +3.2% |
| Equity | 10/15 | €73,780 | €81,813 | +€8,032 | +10.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €61,380 | €69,413 | +€8,032 | +13.1% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €61,380 | €69,413 | +€8,032 | +13.1% |
| Amounts payable | 17/49 | €20,809 | €15,848 | -€4,960 | -23.8% |
| Amounts payable after more than one year | 17 | €4,568 | €1,542 | -€3,026 | -66.2% |
| Financial debts | 170/4 | €4,568 | €1,542 | -€3,026 | -66.2% |
| Amounts payable within one year | 42/48 | €16,240 | €14,307 | -€1,934 | -11.9% |
| Current portion of amounts payable after more than one year | 42 | €2,951 | €3,026 | +€75 | +2.5% |
| Trade debts | 44 | €6,209 | €2,279 | -€3,931 | -63.3% |
| Suppliers | 440/4 | €6,209 | €2,279 | -€3,931 | -63.3% |
| Taxes, remuneration and social security | 45 | €5,427 | €6,207 | +€780 | +14.4% |
| Taxes | 450/3 | €5,427 | €6,207 | +€780 | +14.4% |
| Other amounts payable | 47/48 | €1,653 | €2,794 | +€1,142 | +69.1% |
| Non-recurring operating income | 76A | - | €8,921 | +€8,921 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,276 | €11,543 | +€3,267 | +39.5% |
| Other operating charges | 640/8 | €1,430 | €1,342 | -€87 | -6.1% |
| Gross operating margin | 9900 | €14,372 | €27,878 | +€13,506 | +94.0% |
| Operating profit (loss) | 9901 | €4,666 | €14,992 | +€10,326 | +221.3% |
| Financial income | 75/76B | €104 | €272 | +€168 | +161.9% |
| Recurring financial income | 75 | €104 | €272 | +€168 | +161.9% |
| Financial charges | 65/66B | €951 | €2,559 | +€1,608 | +169.1% |
| Recurring financial charges | 65 | €951 | €2,559 | +€1,608 | +169.1% |
| Profit (loss) for the period before taxes | 9903 | €3,819 | €12,705 | +€8,886 | +232.7% |
| Income taxes | 67/77 | €2,857 | €4,673 | +€1,816 | +63.6% |
| Profit (loss) for the period | 9904 | €963 | €8,032 | +€7,070 | +734.5% |
| Profit (loss) for the period to be appropriated | 9905 | €963 | €8,032 | +€7,070 | +734.5% |
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.