KVC CONSULT: 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.
KVC CONSULT
Largest movements
- Current investments -€60,335
down €60,335 (-100%), from €60,335 to €0
- Cash +€37,949
up €37,949 (+85.6%), from €44,350 to €82,299
mainly Net result for the year (+€77,276) and Current investments (+€60,335)
- Tangible fixed assets +€22,508
up €22,508 (+735%), from €3,062 to €25,570
of which Furniture and vehicles: +€21,124
- Receivables within one year -€6,437
down €6,437 (-15.3%), from €42,044 to €35,607
of which Trade receivables: -€5,412
- Other debts +€40,272
up €40,272 (+336%), from €12,000 to €52,272
- Profit (loss) carried forward -€22,044
down €22,044 (-100%), from €22,044 to €0
- Reserves -€18,244
down €18,244 (-25.5%), from €71,475 to €53,230
- Tax, wage and social debts -€8,221
down €8,221 (-36.5%), from €22,497 to €14,276
- Gross operating margin +€12,469
up €12,469 (+13.4%), from €92,867 to €105,336
- Depreciation +€5,947
up €5,947 (+804%), from €740 to €6,686
- Financial income -€3,551
down €3,551 (-89.3%), from €3,976 to €425
- Financial charges -€1,244
down €1,244 (-57.0%), from €2,181 to €937
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 | €152,455 | €145,230 | -€7,225 | -4.7% |
| Fixed assets | 21/28 | €3,062 | €25,570 | +€22,508 | +735% |
| Tangible fixed assets | 22/27 | €3,062 | €25,570 | +€22,508 | +735% |
| Plant, machinery and equipment | 23 | - | €1,716 | +€1,716 | |
| Furniture and vehicles | 24 | €598 | €21,722 | +€21,124 | +3,534% |
| Other tangible fixed assets | 26 | €2,464 | €2,132 | -€332 | -13.5% |
| Current assets | 29/58 | €149,393 | €119,660 | -€29,733 | -19.9% |
| Amounts receivable within one year | 40/41 | €42,044 | €35,607 | -€6,437 | -15.3% |
| Trade receivables | 40 | €41,019 | €35,607 | -€5,412 | -13.2% |
| Other amounts receivable | 41 | €1,025 | €0 | -€1,025 | -100% |
| Current investments | 50/53 | €60,335 | €0 | -€60,335 | -100% |
| Cash at bank and in hand | 54/58 | €44,350 | €82,299 | +€37,949 | +85.6% |
| Deferred charges and accrued income | 490/1 | €2,663 | €1,753 | -€909 | -34.1% |
| Total equity and liabilities | 10/49 | €152,455 | €145,230 | -€7,225 | -4.7% |
| Equity | 10/15 | €112,118 | €71,830 | -€40,288 | -35.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €71,475 | €53,230 | -€18,244 | -25.5% |
| Distributable reserves | 133 | €71,475 | €53,230 | -€18,244 | -25.5% |
| Profit (loss) carried forward | 14 | €22,044 | €0 | -€22,044 | -100% |
| Amounts payable | 17/49 | €40,336 | €73,399 | +€33,063 | +82.0% |
| Amounts payable within one year | 42/48 | €39,849 | €72,850 | +€33,001 | +82.8% |
| Financial debts | 43 | €5,071 | €5,048 | -€23 | -0.5% |
| Credit institutions | 430/8 | - | €5,048 | +€5,048 | |
| Other loans | 439 | €5,071 | €0 | -€5,071 | -100% |
| Trade debts | 44 | €281 | €1,254 | +€973 | +346% |
| Suppliers | 440/4 | €281 | €1,254 | +€973 | +346% |
| Taxes, remuneration and social security | 45 | €22,497 | €14,276 | -€8,221 | -36.5% |
| Taxes | 450/3 | €22,497 | €14,276 | -€8,221 | -36.5% |
| Other amounts payable | 47/48 | €12,000 | €52,272 | +€40,272 | +336% |
| Accrued charges and deferred income | 492/3 | €487 | €550 | +€62 | +12.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €740 | €6,686 | +€5,947 | +804% |
| Other operating charges | 640/8 | €513 | €528 | +€14 | +2.8% |
| Gross operating margin | 9900 | €92,867 | €105,336 | +€12,469 | +13.4% |
| Operating profit (loss) | 9901 | €91,613 | €98,121 | +€6,508 | +7.1% |
| Financial income | 75/76B | €3,976 | €425 | -€3,551 | -89.3% |
| Recurring financial income | 75 | €3,976 | €425 | -€3,551 | -89.3% |
| Financial charges | 65/66B | €2,181 | €937 | -€1,244 | -57.0% |
| Recurring financial charges | 65 | €2,181 | €937 | -€1,244 | -57.0% |
| Profit (loss) for the period before taxes | 9903 | €93,408 | €97,609 | +€4,201 | +4.5% |
| Income taxes | 67/77 | €19,364 | €20,332 | +€968 | +5.0% |
| Profit (loss) for the period | 9904 | €74,044 | €77,276 | +€3,232 | +4.4% |
| Profit (loss) for the period to be appropriated | 9905 | €74,044 | €77,276 | +€3,232 | +4.4% |
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 18 October 2026 via checked.be.