KVCS: 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.
KVCS
Largest movements
- Cash -€51,550
down €51,550 (-83.6%), from €61,699 to €10,149
mainly Tax, wage and social debts (-€58,702) and Trade debts (-€33,961)
- Receivables within one year +€19,954
up €19,954 (+33.7%), from €59,169 to €79,123
of which Other amounts receivable: +€73,107
- Tangible fixed assets -€1,469
down €1,469 (-69.1%), from €2,128 to €658
of which Plant, machinery and equipment: -€1,469
- Profit (loss) carried forward +€59,598
up €59,598 (+19.7%), from -€302,481 to -€242,883
- Tax, wage and social debts -€58,702
down €58,702 (-98.2%), from €59,780 to €1,078
of which Remuneration and social security: -€56,734
- Trade debts -€33,961
down €33,961 (-51.7%), from €65,661 to €31,700
- Staff costs -€257,549
down €257,549, from €238,403 to -€19,146
- Gross operating margin -€229,691
down €229,691 (-83.0%), from €276,611 to €46,920
- Financial charges -€11,166
down €11,166 (-97.2%), from €11,482 to €316
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €122,995 | €89,930 | -€33,065 | -26.9% |
| Fixed assets | 21/28 | €2,128 | €658 | -€1,469 | -69.1% |
| Tangible fixed assets | 22/27 | €2,128 | €658 | -€1,469 | -69.1% |
| Plant, machinery and equipment | 23 | €2,128 | €658 | -€1,469 | -69.1% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €120,868 | €89,272 | -€31,596 | -26.1% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €59,169 | €79,123 | +€19,954 | +33.7% |
| Trade receivables | 40 | €53,153 | €0 | -€53,153 | -100.0% |
| Other amounts receivable | 41 | €6,016 | €79,123 | +€73,107 | +1215.3% |
| Cash at bank and in hand | 54/58 | €61,699 | €10,149 | -€51,550 | -83.6% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €122,995 | €89,930 | -€33,065 | -26.9% |
| Equity | 10/15 | -€2,481 | €57,117 | +€59,598 | |
| Contributions | 10/11 | €300,000 | €300,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€302,481 | -€242,883 | +€59,598 | +19.7% |
| Amounts payable | 17/49 | €125,476 | €32,813 | -€92,663 | -73.8% |
| Amounts payable within one year | 42/48 | €125,476 | €32,813 | -€92,663 | -73.8% |
| Trade debts | 44 | €65,661 | €31,700 | -€33,961 | -51.7% |
| Suppliers | 440/4 | €65,661 | €31,700 | -€33,961 | -51.7% |
| Taxes, remuneration and social security | 45 | €59,780 | €1,078 | -€58,702 | -98.2% |
| Taxes | 450/3 | €3,046 | €1,078 | -€1,968 | -64.6% |
| Remuneration and social security | 454/9 | €56,734 | €0 | -€56,734 | -100.0% |
| Other amounts payable | 47/48 | €35 | €35 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €238,403 | -€19,146 | -€257,549 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,145 | €1,469 | -€1,675 | -53.3% |
| Other operating charges | 640/8 | €2,227 | €4,892 | +€2,666 | +119.7% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €276,611 | €46,920 | -€229,691 | -83.0% |
| Operating profit (loss) | 9901 | €32,836 | €59,704 | +€26,867 | +81.8% |
| Financial income | 75/76B | €0 | €210 | +€210 | |
| Recurring financial income | 75 | €0 | €210 | +€210 | |
| Financial charges | 65/66B | €11,482 | €316 | -€11,166 | -97.2% |
| Recurring financial charges | 65 | €11,482 | €316 | -€11,166 | -97.2% |
| Profit (loss) for the period before taxes | 9903 | €21,354 | €59,598 | +€38,244 | +179.1% |
| Profit (loss) for the period | 9904 | €21,354 | €59,598 | +€38,244 | +179.1% |
| Profit (loss) for the period to be appropriated | 9905 | €21,354 | €59,598 | +€38,244 | +179.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.