KVA CONSTRUCT: 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.
KVA CONSTRUCT
Largest movements
- Cash -€37,181
down €37,181 (-32.0%), from €116,339 to €79,158
mainly Trade debts (-€53,909) and Receivables within one year (-€23,738)
- Receivables within one year +€23,738
up €23,738 (+51.0%), from €46,572 to €70,310
of which Trade receivables: +€20,507
- Tangible fixed assets -€2,254
down €2,254 (-85.6%), from €2,633 to €380
of which Furniture and vehicles: -€2,064
- Trade debts -€53,909
down €53,909 (-97.3%), from €55,407 to €1,498
of which Suppliers: -€53,998
- Profit (loss) carried forward +€40,139
up €40,139 (+52.3%), from €76,717 to €116,856
- Tax, wage and social debts -€1,926
down €1,926 (-7.5%), from €25,752 to €23,826
of which Remuneration and social security: -€7,909
- Turnover -€20,331
down €20,331 (-3.3%), from €618,075 to €597,744
- Gross operating margin -€18,946
down €18,946 (-26.1%), from €72,671 to €53,725
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 | €165,544 | €149,848 | -€15,696 | -9.5% |
| Fixed assets | 21/28 | €2,633 | €380 | -€2,254 | -85.6% |
| Tangible fixed assets | 22/27 | €2,633 | €380 | -€2,254 | -85.6% |
| Plant, machinery and equipment | 23 | €569 | €380 | -€190 | -33.3% |
| Furniture and vehicles | 24 | €2,064 | - | -€2,064 | |
| Current assets | 29/58 | €162,911 | €149,468 | -€13,443 | -8.3% |
| Amounts receivable within one year | 40/41 | €46,572 | €70,310 | +€23,738 | +51.0% |
| Trade receivables | 40 | €303 | €20,809 | +€20,507 | +6779.0% |
| Other amounts receivable | 41 | €46,269 | €49,501 | +€3,232 | +7.0% |
| Cash at bank and in hand | 54/58 | €116,339 | €79,158 | -€37,181 | -32.0% |
| Total equity and liabilities | 10/49 | €165,544 | €149,848 | -€15,696 | -9.5% |
| Equity | 10/15 | €80,717 | €120,856 | +€40,139 | +49.7% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €76,717 | €116,856 | +€40,139 | +52.3% |
| Amounts payable | 17/49 | €84,827 | €28,992 | -€55,835 | -65.8% |
| Amounts payable within one year | 42/48 | €84,827 | €28,992 | -€55,835 | -65.8% |
| Trade debts | 44 | €55,407 | €1,498 | -€53,909 | -97.3% |
| Suppliers | 440/4 | €55,407 | €1,409 | -€53,998 | -97.5% |
| Bills of exchange payable | 441 | - | €89 | +€89 | |
| Taxes, remuneration and social security | 45 | €25,752 | €23,826 | -€1,926 | -7.5% |
| Taxes | 450/3 | €17,843 | €23,826 | +€5,982 | +33.5% |
| Remuneration and social security | 454/9 | €7,909 | - | -€7,909 | |
| Other amounts payable | 47/48 | €3,668 | €3,668 | = | 0.0% |
| Turnover | 70 | €618,075 | €597,744 | -€20,331 | -3.3% |
| Goods, raw materials, services and sundry goods | 60/61 | €545,404 | €544,019 | -€1,385 | -0.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,206 | €2,254 | +€47 | +2.1% |
| Other operating charges | 640/8 | €600 | €537 | -€63 | -10.6% |
| Gross operating margin | 9900 | €72,671 | €53,725 | -€18,946 | -26.1% |
| Operating profit (loss) | 9901 | €69,864 | €50,934 | -€18,930 | -27.1% |
| Financial income | 75/76B | €1,222 | €2,901 | +€1,679 | +137.4% |
| Recurring financial income | 75 | €1,222 | €2,901 | +€1,679 | +137.4% |
| Financial charges | 65/66B | €271 | €214 | -€57 | -21.2% |
| Recurring financial charges | 65 | €271 | €214 | -€57 | -21.2% |
| Profit (loss) for the period before taxes | 9903 | €70,815 | €53,621 | -€17,193 | -24.3% |
| Income taxes | 67/77 | €17,843 | €13,482 | -€4,361 | -24.4% |
| Profit (loss) for the period | 9904 | €52,971 | €40,139 | -€12,832 | -24.2% |
| Profit (loss) for the period to be appropriated | 9905 | €52,971 | €40,139 | -€12,832 | -24.2% |
Source: filed annual accounts (NBB), financial years ended 31 July 2024 and 31 July 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.