KVC Management: 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 Management
Largest movements
- Cash +€65,715
up €65,715 (+192%), from €34,253 to €99,968
mainly Depreciation (+€47,036) and Net result for the year (+€43,664)
- Tangible fixed assets +€16,984
up €16,984 (+1.5%), from €1.1m to €1.2m
of which Land and buildings: +€14,007
- Receivables within one year -€14,537
down €14,537 (-44.5%), from €32,634 to €18,098
of which Other amounts receivable: -€8,812
- Profit (loss) carried forward +€43,664
up €43,664 (+43.3%), from €100,875 to €144,539
- Other debts -€15,575
down €15,575 (-19.6%), from €79,571 to €63,996
- Debts after one year +€14,652
up €14,652 (+1.7%), from €859,331 to €873,983
- Trade debts +€13,831
up €13,831 (+297%), from €4,665 to €18,495
- Financial charges -€9,181
down €9,181 (-27.5%), from €33,337 to €24,156
- Taxes +€5,925
up €5,925 (+51.8%), from €11,430 to €17,355
- Gross operating margin +€3,791
up €3,791 (+2.9%), from €129,535 to €133,326
- Depreciation -€1,478
down €1,478 (-3.0%), from €48,514 to €47,036
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 | €1,216,713 | €1,282,945 | +€66,232 | +5.4% |
| Fixed assets | 21/28 | €1,145,766 | €1,162,751 | +€16,984 | +1.5% |
| Tangible fixed assets | 22/27 | €1,145,766 | €1,162,751 | +€16,984 | +1.5% |
| Land and buildings | 22 | €1,140,417 | €1,154,424 | +€14,007 | +1.2% |
| Plant, machinery and equipment | 23 | €3,287 | €6,041 | +€2,754 | +83.8% |
| Furniture and vehicles | 24 | €1,967 | €2,286 | +€319 | +16.2% |
| Leasing and similar rights | 25 | €95 | - | -€95 | |
| Current assets | 29/58 | €70,947 | €120,194 | +€49,247 | +69.4% |
| Amounts receivable within one year | 40/41 | €32,634 | €18,098 | -€14,537 | -44.5% |
| Trade receivables | 40 | €23,693 | €17,969 | -€5,724 | -24.2% |
| Other amounts receivable | 41 | €8,941 | €129 | -€8,812 | -98.6% |
| Cash at bank and in hand | 54/58 | €34,253 | €99,968 | +€65,715 | +192% |
| Deferred charges and accrued income | 490/1 | €4,060 | €2,129 | -€1,931 | -47.6% |
| Total equity and liabilities | 10/49 | €1,216,713 | €1,282,945 | +€66,232 | +5.4% |
| Equity | 10/15 | €192,693 | €236,357 | +€43,664 | +22.7% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €90,818 | €90,818 | = | 0.0% |
| Distributable reserves | 133 | €90,818 | €90,818 | = | 0.0% |
| Profit (loss) carried forward | 14 | €100,875 | €144,539 | +€43,664 | +43.3% |
| Amounts payable | 17/49 | €1,024,020 | €1,046,588 | +€22,568 | +2.2% |
| Amounts payable after more than one year | 17 | €859,331 | €873,983 | +€14,652 | +1.7% |
| Financial debts | 170/4 | €859,331 | €873,983 | +€14,652 | +1.7% |
| Amounts payable within one year | 42/48 | €149,831 | €156,891 | +€7,061 | +4.7% |
| Current portion of amounts payable after more than one year | 42 | €52,017 | €59,078 | +€7,062 | +13.6% |
| Trade debts | 44 | €4,665 | €18,495 | +€13,831 | +297% |
| Suppliers | 440/4 | €4,665 | €18,495 | +€13,831 | +297% |
| Taxes, remuneration and social security | 45 | €13,579 | €15,322 | +€1,744 | +12.8% |
| Taxes | 450/3 | €13,579 | €15,322 | +€1,744 | +12.8% |
| Other amounts payable | 47/48 | €79,571 | €63,996 | -€15,575 | -19.6% |
| Accrued charges and deferred income | 492/3 | €14,859 | €15,713 | +€855 | +5.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,514 | €47,036 | -€1,478 | -3.0% |
| Other operating charges | 640/8 | €1,363 | €1,174 | -€189 | -13.9% |
| Non-recurring operating charges | 66A | €159 | €116 | -€43 | -27.0% |
| Gross operating margin | 9900 | €129,535 | €133,326 | +€3,791 | +2.9% |
| Operating profit (loss) | 9901 | €79,499 | €85,000 | +€5,502 | +6.9% |
| Financial income | 75/76B | €1,253 | €174 | -€1,079 | -86.1% |
| Recurring financial income | 75 | €1,253 | €174 | -€1,079 | -86.1% |
| Financial charges | 65/66B | €33,337 | €24,156 | -€9,181 | -27.5% |
| Recurring financial charges | 65 | €33,337 | €24,156 | -€9,181 | -27.5% |
| Profit (loss) for the period before taxes | 9903 | €47,415 | €61,019 | +€13,604 | +28.7% |
| Income taxes | 67/77 | €11,430 | €17,355 | +€5,925 | +51.8% |
| Profit (loss) for the period | 9904 | €35,985 | €43,664 | +€7,679 | +21.3% |
| Profit (loss) for the period to be appropriated | 9905 | €35,985 | €43,664 | +€7,679 | +21.3% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.