KVD Holding: 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.
KVD Holding
Largest movements
- Tangible fixed assets +€152,440
up €152,440 (+12.2%), from €1.2m to €1.4m
of which Land and buildings: +€170,599
- Receivables within one year -€34,805
down €34,805 (-47.2%), from €73,752 to €38,947
of which Trade receivables: -€43,298
- Reserves +€315,317
up €315,317 (+37.7%), from €835,610 to €1.2m
of which Distributable reserves: +€315,317
- Other debts -€283,261
down €283,261 (-94.4%), from €300,011 to €16,750
- Debts after one year +€69,474
up €69,474 (+16.2%), from €428,856 to €498,331
- Financial income +€294,393
up €294,393 (+4,924%), from €5,979 to €300,372
- Gross operating margin -€144,851
down €144,851 (-57.9%), from €250,179 to €105,328
- Taxes -€42,868
down €42,868 (-96.5%), from €44,403 to €1,536
- Depreciation -€13,486
down €13,486 (-18.2%), from €74,121 to €60,635
- Financial charges +€5,293
up €5,293 (+120%), from €4,403 to €9,696
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 | €2,136,967 | €2,245,527 | +€108,560 | +5.1% |
| Fixed assets | 21/28 | €2,051,952 | €2,186,353 | +€134,401 | +6.5% |
| Tangible fixed assets | 22/27 | €1,248,637 | €1,401,077 | +€152,440 | +12.2% |
| Land and buildings | 22 | €1,163,054 | €1,333,653 | +€170,599 | +14.7% |
| Furniture and vehicles | 24 | €85,583 | €67,424 | -€18,159 | -21.2% |
| Financial fixed assets | 28 | €803,316 | €785,277 | -€18,039 | -2.2% |
| Current assets | 29/58 | €85,015 | €59,174 | -€25,841 | -30.4% |
| Amounts receivable within one year | 40/41 | €73,752 | €38,947 | -€34,805 | -47.2% |
| Trade receivables | 40 | €55,277 | €11,979 | -€43,298 | -78.3% |
| Other amounts receivable | 41 | €18,475 | €26,968 | +€8,493 | +46.0% |
| Cash at bank and in hand | 54/58 | €10,755 | €19,703 | +€8,948 | +83.2% |
| Deferred charges and accrued income | 490/1 | €508 | €524 | +€16 | +3.1% |
| Total equity and liabilities | 10/49 | €2,136,967 | €2,245,527 | +€108,560 | +5.1% |
| Equity | 10/15 | €1,318,610 | €1,633,927 | +€315,317 | +23.9% |
| Contributions | 10/11 | €483,000 | €483,000 | = | 0.0% |
| Reserves | 13 | €835,610 | €1,150,927 | +€315,317 | +37.7% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €835,610 | €1,150,927 | +€315,317 | +37.7% |
| Amounts payable | 17/49 | €818,358 | €611,600 | -€206,757 | -25.3% |
| Amounts payable after more than one year | 17 | €428,856 | €498,331 | +€69,474 | +16.2% |
| Financial debts | 170/4 | €428,856 | €498,331 | +€69,474 | +16.2% |
| Amounts payable within one year | 42/48 | €383,001 | €110,347 | -€272,655 | -71.2% |
| Current portion of amounts payable after more than one year | 42 | €21,144 | €30,526 | +€9,382 | +44.4% |
| Trade debts | 44 | €42,291 | €46,200 | +€3,909 | +9.2% |
| Suppliers | 440/4 | €42,291 | €46,200 | +€3,909 | +9.2% |
| Taxes, remuneration and social security | 45 | €19,555 | €16,871 | -€2,684 | -13.7% |
| Taxes | 450/3 | €17,608 | €14,924 | -€2,684 | -15.2% |
| Remuneration and social security | 454/9 | €1,947 | €1,947 | -€0 | 0.0% |
| Other amounts payable | 47/48 | €300,011 | €16,750 | -€283,261 | -94.4% |
| Accrued charges and deferred income | 492/3 | €6,500 | €2,923 | -€3,577 | -55.0% |
| Remuneration, social security and pensions | 62 | €14,538 | €17,062 | +€2,524 | +17.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €74,121 | €60,635 | -€13,486 | -18.2% |
| Other operating charges | 640/8 | €1,889 | €1,454 | -€435 | -23.0% |
| Gross operating margin | 9900 | €250,179 | €105,328 | -€144,851 | -57.9% |
| Operating profit (loss) | 9901 | €159,631 | €26,177 | -€133,454 | -83.6% |
| Financial income | 75/76B | €5,979 | €300,372 | +€294,393 | +4,924% |
| Recurring financial income | 75 | €5,979 | €300,372 | +€294,393 | +4,924% |
| Financial charges | 65/66B | €4,403 | €9,696 | +€5,293 | +120% |
| Recurring financial charges | 65 | €4,403 | €9,696 | +€5,293 | +120% |
| Profit (loss) for the period before taxes | 9903 | €161,207 | €316,853 | +€155,646 | +96.6% |
| Income taxes | 67/77 | €44,403 | €1,536 | -€42,868 | -96.5% |
| Profit (loss) for the period | 9904 | €116,804 | €315,317 | +€198,514 | +170% |
| Profit (loss) for the period to be appropriated | 9905 | €116,804 | €315,317 | +€198,514 | +170% |
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 18 October 2026 via checked.be.