KVD76: 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.
KVD76
Largest movements
- Cash -€7,460
down €7,460 (-10.8%), from €69,046 to €61,586
mainly Contributions, distributions and other (-€42,933) and Debts after one year (-€22,644)
- Tangible fixed assets -€5,719
down €5,719 (-2.0%), from €288,585 to €282,865
of which Land and buildings: -€11,679
- Debts after one year -€22,644
down €22,644 (-13.4%), from €168,540 to €145,896
- Reserves -€12,023
down €12,023 (-6.8%), from €176,525 to €164,503
- Other debts +€11,389
new in 2025: €11,389
- Trade debts +€4,200
up €4,200 (+544.4%), from €771 to €4,971
- Gross operating margin +€1,757
up €1,757 (+2.8%), from €63,568 to €65,325
- Financial charges -€715
down €715 (-10.3%), from €6,979 to €6,263
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 | €395,327 | €379,099 | -€16,227 | -4.1% |
| Fixed assets | 21/28 | €288,585 | €282,865 | -€5,719 | -2.0% |
| Tangible fixed assets | 22/27 | €288,585 | €282,865 | -€5,719 | -2.0% |
| Land and buildings | 22 | €261,617 | €249,937 | -€11,679 | -4.5% |
| Plant, machinery and equipment | 23 | €7,540 | €6,955 | -€585 | -7.8% |
| Furniture and vehicles | 24 | €7,424 | €5,773 | -€1,650 | -22.2% |
| Other tangible fixed assets | 26 | €12,004 | €20,199 | +€8,195 | +68.3% |
| Current assets | 29/58 | €106,742 | €96,234 | -€10,508 | -9.8% |
| Amounts receivable within one year | 40/41 | €37,696 | €34,648 | -€3,048 | -8.1% |
| Trade receivables | 40 | €19,172 | €23,352 | +€4,180 | +21.8% |
| Other amounts receivable | 41 | €18,524 | €11,296 | -€7,228 | -39.0% |
| Cash at bank and in hand | 54/58 | €69,046 | €61,586 | -€7,460 | -10.8% |
| Total equity and liabilities | 10/49 | €395,327 | €379,099 | -€16,227 | -4.1% |
| Equity | 10/15 | €195,125 | €183,103 | -€12,023 | -6.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €176,525 | €164,503 | -€12,023 | -6.8% |
| Distributable reserves | 133 | €176,525 | €164,503 | -€12,023 | -6.8% |
| Amounts payable | 17/49 | €200,201 | €195,997 | -€4,205 | -2.1% |
| Amounts payable after more than one year | 17 | €168,540 | €145,896 | -€22,644 | -13.4% |
| Financial debts | 170/4 | €168,540 | €145,896 | -€22,644 | -13.4% |
| Amounts payable within one year | 42/48 | €31,662 | €50,101 | +€18,439 | +58.2% |
| Current portion of amounts payable after more than one year | 42 | €21,902 | €22,644 | +€742 | +3.4% |
| Trade debts | 44 | €771 | €4,971 | +€4,200 | +544.4% |
| Suppliers | 440/4 | €771 | €4,971 | +€4,200 | +544.4% |
| Taxes, remuneration and social security | 45 | €8,989 | €11,097 | +€2,108 | +23.5% |
| Taxes | 450/3 | €8,989 | €11,097 | +€2,108 | +23.5% |
| Other amounts payable | 47/48 | - | €11,389 | +€11,389 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,195 | €17,484 | +€289 | +1.7% |
| Other operating charges | 640/8 | €2,431 | €2,077 | -€354 | -14.5% |
| Gross operating margin | 9900 | €63,568 | €65,325 | +€1,757 | +2.8% |
| Operating profit (loss) | 9901 | €43,942 | €45,763 | +€1,822 | +4.1% |
| Financial income | 75/76B | €169 | €115 | -€54 | -32.0% |
| Recurring financial income | 75 | €169 | €115 | -€54 | -32.0% |
| Financial charges | 65/66B | €6,979 | €6,263 | -€715 | -10.3% |
| Recurring financial charges | 65 | €6,979 | €6,263 | -€715 | -10.3% |
| Profit (loss) for the period before taxes | 9903 | €37,132 | €39,615 | +€2,483 | +6.7% |
| Income taxes | 67/77 | €8,499 | €8,704 | +€205 | +2.4% |
| Profit (loss) for the period | 9904 | €28,633 | €30,910 | +€2,278 | +8.0% |
| Profit (loss) for the period to be appropriated | 9905 | €28,633 | €30,910 | +€2,278 | +8.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.