KVAN-HC: 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.
KVAN-HC
Largest movements
- Cash +€21,871
up €21,871 (+63.7%), from €34,329 to €56,200
mainly Net result for the year (+€92,543) and Other debts (+€91,502)
- Current investments -€20,255
down €20,255 (-36.8%), from €55,000 to €34,745
- Tangible fixed assets -€6,695
down €6,695 (-36.0%), from €18,619 to €11,924
of which Furniture and vehicles: -€6,600
- Receivables within one year -€2,685
down €2,685 (-18.9%), from €14,175 to €11,490
- Reserves -€107,190
down €107,190 (-100%), from €107,190 to €0
- Other debts +€91,502
up €91,502 (+6,304%), from €1,451 to €92,954
- Tax, wage and social debts +€7,934
up €7,934 (+97.1%), from €8,175 to €16,109
- Financial income -€8,589
down €8,589 (-89.0%), from €9,654 to €1,064
- Taxes +€4,864
up €4,864 (+17.7%), from €27,551 to €32,415
- Gross operating margin -€2,498
down €2,498 (-1.9%), from €134,446 to €131,948
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 | €123,774 | €116,019 | -€7,756 | -6.3% |
| Fixed assets | 21/28 | €18,619 | €11,924 | -€6,695 | -36.0% |
| Tangible fixed assets | 22/27 | €18,619 | €11,924 | -€6,695 | -36.0% |
| Plant, machinery and equipment | 23 | €95 | €0 | -€95 | -100% |
| Furniture and vehicles | 24 | €18,525 | €11,924 | -€6,600 | -35.6% |
| Current assets | 29/58 | €105,155 | €104,094 | -€1,061 | -1.0% |
| Amounts receivable within one year | 40/41 | €14,175 | €11,490 | -€2,685 | -18.9% |
| Trade receivables | 40 | €14,175 | €11,490 | -€2,685 | -18.9% |
| Current investments | 50/53 | €55,000 | €34,745 | -€20,255 | -36.8% |
| Cash at bank and in hand | 54/58 | €34,329 | €56,200 | +€21,871 | +63.7% |
| Deferred charges and accrued income | 490/1 | €1,651 | €1,659 | +€8 | +0.5% |
| Total equity and liabilities | 10/49 | €123,774 | €116,019 | -€7,756 | -6.3% |
| Equity | 10/15 | €111,190 | €4,000 | -€107,190 | -96.4% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €107,190 | €0 | -€107,190 | -100% |
| Distributable reserves | 133 | €107,190 | €0 | -€107,190 | -100% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €12,584 | €112,019 | +€99,434 | +790% |
| Amounts payable within one year | 42/48 | €9,756 | €109,541 | +€99,784 | +1,023% |
| Trade debts | 44 | €130 | €478 | +€348 | +267% |
| Suppliers | 440/4 | €130 | €478 | +€348 | +267% |
| Taxes, remuneration and social security | 45 | €8,175 | €16,109 | +€7,934 | +97.1% |
| Taxes | 450/3 | €8,175 | €16,109 | +€7,934 | +97.1% |
| Other amounts payable | 47/48 | €1,451 | €92,954 | +€91,502 | +6,304% |
| Accrued charges and deferred income | 492/3 | €2,828 | €2,478 | -€350 | -12.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,083 | €6,695 | -€388 | -5.5% |
| Other operating charges | 640/8 | €1,150 | €1,061 | -€89 | -7.7% |
| Non-recurring operating charges | 66A | - | €255 | +€255 | |
| Gross operating margin | 9900 | €134,446 | €131,948 | -€2,498 | -1.9% |
| Operating profit (loss) | 9901 | €126,213 | €123,937 | -€2,277 | -1.8% |
| Financial income | 75/76B | €9,654 | €1,064 | -€8,589 | -89.0% |
| Recurring financial income | 75 | €9,654 | €1,064 | -€8,589 | -89.0% |
| Financial charges | 65/66B | €1,126 | €43 | -€1,083 | -96.2% |
| Recurring financial charges | 65 | €1,126 | €43 | -€1,083 | -96.2% |
| Profit (loss) for the period before taxes | 9903 | €134,741 | €124,958 | -€9,783 | -7.3% |
| Income taxes | 67/77 | €27,551 | €32,415 | +€4,864 | +17.7% |
| Profit (loss) for the period | 9904 | €107,190 | €92,543 | -€14,647 | -13.7% |
| Profit (loss) for the period to be appropriated | 9905 | €107,190 | €92,543 | -€14,647 | -13.7% |
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 13 October 2026 via checked.be.