KVB-Sales: 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.
KVB-Sales
Largest movements
- Tangible fixed assets -€4,598
down €4,598 (-23.2%), from €19,780 to €15,182
- Cash -€4,335
down €4,335 (-10.2%), from €42,314 to €37,979
mainly Debts after one year (-€5,002) and Net result for the year (-€3,895)
- Receivables within one year -€3,945
down €3,945 (-100%), from €3,945 to €0
- Deferred charges and accrued income -€1,258
down €1,258 (-36.6%), from €3,435 to €2,176
- Debts after one year -€5,002
down €5,002 (-18.8%), from €26,621 to €21,619
- Profit (loss) carried forward -€3,895
new in 2025: -€3,895
- Other debts -€2,716
down €2,716 (-48.7%), from €5,573 to €2,857
- Tax, wage and social debts -€2,603
down €2,603 (-16.3%), from €15,955 to €13,352
of which Taxes: -€2,603
- Gross operating margin -€6,975
down €6,975 (-58.1%), from €12,005 to €5,030
- Taxes -€1,227
down €1,227 (-56.4%), from €2,176 to €949
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 | €69,473 | €55,337 | -€14,137 | -20.3% |
| Fixed assets | 21/28 | €19,780 | €15,182 | -€4,598 | -23.2% |
| Tangible fixed assets | 22/27 | €19,780 | €15,182 | -€4,598 | -23.2% |
| Furniture and vehicles | 24 | €19,780 | €15,182 | -€4,598 | -23.2% |
| Current assets | 29/58 | €49,694 | €40,155 | -€9,539 | -19.2% |
| Amounts receivable within one year | 40/41 | €3,945 | €0 | -€3,945 | -100% |
| Trade receivables | 40 | €3,945 | €0 | -€3,945 | -100% |
| Cash at bank and in hand | 54/58 | €42,314 | €37,979 | -€4,335 | -10.2% |
| Deferred charges and accrued income | 490/1 | €3,435 | €2,176 | -€1,258 | -36.6% |
| Total equity and liabilities | 10/49 | €69,473 | €55,337 | -€14,137 | -20.3% |
| Equity | 10/15 | €15,823 | €11,928 | -€3,895 | -24.6% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €13,823 | €13,823 | = | 0.0% |
| Distributable reserves | 133 | €13,823 | €13,823 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€3,895 | -€3,895 | |
| Amounts payable | 17/49 | €53,651 | €43,409 | -€10,241 | -19.1% |
| Amounts payable after more than one year | 17 | €26,621 | €21,619 | -€5,002 | -18.8% |
| Financial debts | 170/4 | €26,621 | €21,619 | -€5,002 | -18.8% |
| Amounts payable within one year | 42/48 | €27,030 | €21,790 | -€5,240 | -19.4% |
| Current portion of amounts payable after more than one year | 42 | €5,002 | €5,002 | = | 0.0% |
| Trade debts | 44 | €499 | €579 | +€80 | +16.0% |
| Suppliers | 440/4 | €499 | €579 | +€80 | +16.0% |
| Taxes, remuneration and social security | 45 | €15,955 | €13,352 | -€2,603 | -16.3% |
| Taxes | 450/3 | €13,955 | €11,352 | -€2,603 | -18.7% |
| Remuneration and social security | 454/9 | €2,000 | €2,000 | = | 0.0% |
| Other amounts payable | 47/48 | €5,573 | €2,857 | -€2,716 | -48.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,575 | €6,610 | +€35 | +0.5% |
| Other operating charges | 640/8 | €382 | €262 | -€120 | -31.4% |
| Gross operating margin | 9900 | €12,005 | €5,030 | -€6,975 | -58.1% |
| Operating profit (loss) | 9901 | €5,049 | -€1,842 | -€6,890 | |
| Financial charges | 65/66B | €1,097 | €1,104 | +€8 | +0.7% |
| Recurring financial charges | 65 | €1,097 | €1,104 | +€8 | +0.7% |
| Profit (loss) for the period before taxes | 9903 | €3,952 | -€2,946 | -€6,898 | |
| Income taxes | 67/77 | €2,176 | €949 | -€1,227 | -56.4% |
| Profit (loss) for the period | 9904 | €1,776 | -€3,895 | -€5,671 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,776 | -€3,895 | -€5,671 |
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 28 October 2026 via checked.be.