KVC: 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.
KVC
Largest movements
- Cash -€8,810
down €8,810 (-100.0%), from €8,810 to €0
mainly Trade debts (-€11,593) and Tax, wage and social debts (-€6,258)
- Receivables within one year -€8,369
down €8,369 (-24.3%), from €34,412 to €26,043
of which Trade receivables: -€4,477
- Trade debts -€11,593
down €11,593 (-87.5%), from €13,251 to €1,658
- Tax, wage and social debts -€6,258
down €6,258 (-97.8%), from €6,399 to €141
of which Taxes: -€5,108
- Short-term financial debts +€722
new in 2025: €722
- Reserves -€675
down €675 (-3.6%), from €18,499 to €17,824
of which Distributable reserves: -€675
- Gross operating margin -€19,262
down €19,262, from €18,549 to -€713
- Taxes -€1,339
down €1,339 (-90.4%), from €1,480 to €141
- Other operating charges -€850
down €850 (-49.0%), from €1,736 to €886
- Financial income +€417
up €417 (+29.5%), from €1,412 to €1,829
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 | €44,411 | €26,607 | -€17,803 | -40.1% |
| Fixed assets | 21/28 | €609 | €307 | -€302 | -49.7% |
| Tangible fixed assets | 22/27 | €609 | €307 | -€302 | -49.7% |
| Furniture and vehicles | 24 | €609 | €307 | -€302 | -49.7% |
| Current assets | 29/58 | €43,802 | €26,301 | -€17,501 | -40.0% |
| Amounts receivable within one year | 40/41 | €34,412 | €26,043 | -€8,369 | -24.3% |
| Trade receivables | 40 | €6,187 | €1,710 | -€4,477 | -72.4% |
| Other amounts receivable | 41 | €28,225 | €24,333 | -€3,892 | -13.8% |
| Cash at bank and in hand | 54/58 | €8,810 | €0 | -€8,810 | -100.0% |
| Deferred charges and accrued income | 490/1 | €580 | €258 | -€322 | -55.5% |
| Total equity and liabilities | 10/49 | €44,411 | €26,607 | -€17,803 | -40.1% |
| Equity | 10/15 | €24,699 | €24,024 | -€675 | -2.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €18,499 | €17,824 | -€675 | -3.6% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €18,499 | €17,824 | -€675 | -3.6% |
| Amounts payable | 17/49 | €19,712 | €2,583 | -€17,129 | -86.9% |
| Amounts payable within one year | 42/48 | €19,650 | €2,521 | -€17,129 | -87.2% |
| Financial debts | 43 | - | €722 | +€722 | |
| Credit institutions | 430/8 | - | €722 | +€722 | |
| Trade debts | 44 | €13,251 | €1,658 | -€11,593 | -87.5% |
| Suppliers | 440/4 | €13,251 | €1,658 | -€11,593 | -87.5% |
| Taxes, remuneration and social security | 45 | €6,399 | €141 | -€6,258 | -97.8% |
| Taxes | 450/3 | €5,249 | €141 | -€5,108 | -97.3% |
| Remuneration and social security | 454/9 | €1,150 | €0 | -€1,150 | -100.0% |
| Accrued charges and deferred income | 492/3 | €62 | €62 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €302 | €302 | = | 0.0% |
| Other operating charges | 640/8 | €1,736 | €886 | -€850 | -49.0% |
| Gross operating margin | 9900 | €18,549 | -€713 | -€19,262 | |
| Operating profit (loss) | 9901 | €16,510 | -€1,902 | -€18,411 | |
| Financial income | 75/76B | €1,412 | €1,829 | +€417 | +29.5% |
| Recurring financial income | 75 | €1,412 | €1,829 | +€417 | +29.5% |
| Financial charges | 65/66B | €481 | €460 | -€21 | -4.4% |
| Recurring financial charges | 65 | €481 | €460 | -€21 | -4.4% |
| Profit (loss) for the period before taxes | 9903 | €17,441 | -€533 | -€17,974 | |
| Income taxes | 67/77 | €1,480 | €141 | -€1,339 | -90.4% |
| Profit (loss) for the period | 9904 | €15,960 | -€675 | -€16,635 | |
| Profit (loss) for the period to be appropriated | 9905 | €15,960 | -€675 | -€16,635 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.