KVdS media: 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.
KVdS media
Largest movements
- Receivables within one year +€17,049
up €17,049 (+146%), from €11,660 to €28,709
- Tangible fixed assets +€13,581
up €13,581 (+40.4%), from €33,636 to €47,217
- Cash -€4,909
down €4,909 (-33.1%), from €14,848 to €9,939
mainly Investment in fixed assets (net) (-€34,743) and Receivables within one year (-€17,049)
- Profit (loss) carried forward +€15,376
up €15,376 (+147%), from €10,455 to €25,831
- Trade debts +€10,328
up €10,328 (+427%), from €2,420 to €12,748
- Tax, wage and social debts +€5,275
up €5,275 (+319%), from €1,651 to €6,926
- Other debts -€5,258
down €5,258 (-11.9%), from €44,368 to €39,109
- Depreciation +€9,597
up €9,597 (+83.0%), from €11,565 to €21,162
- Gross operating margin +€5,044
up €5,044 (+13.7%), from €36,914 to €41,958
- Taxes +€673
up €673 (+13.9%), from €4,845 to €5,518
- Financial income +€441
up €441 (+930%), from €47 to €488
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 | €60,144 | €85,865 | +€25,721 | +42.8% |
| Fixed assets | 21/28 | €33,636 | €47,217 | +€13,581 | +40.4% |
| Tangible fixed assets | 22/27 | €33,636 | €47,217 | +€13,581 | +40.4% |
| Plant, machinery and equipment | 23 | €33,636 | €47,217 | +€13,581 | +40.4% |
| Current assets | 29/58 | €26,508 | €38,648 | +€12,140 | +45.8% |
| Amounts receivable within one year | 40/41 | €11,660 | €28,709 | +€17,049 | +146% |
| Trade receivables | 40 | €11,660 | €28,709 | +€17,049 | +146% |
| Cash at bank and in hand | 54/58 | €14,848 | €9,939 | -€4,909 | -33.1% |
| Total equity and liabilities | 10/49 | €60,144 | €85,865 | +€25,721 | +42.8% |
| Equity | 10/15 | €11,705 | €27,081 | +€15,376 | +131% |
| Contributions | 10/11 | €1,250 | €1,250 | = | 0.0% |
| Profit (loss) carried forward | 14 | €10,455 | €25,831 | +€15,376 | +147% |
| Amounts payable | 17/49 | €48,439 | €58,784 | +€10,344 | +21.4% |
| Amounts payable within one year | 42/48 | €48,439 | €58,784 | +€10,344 | +21.4% |
| Trade debts | 44 | €2,420 | €12,748 | +€10,328 | +427% |
| Suppliers | 440/4 | €2,420 | €12,748 | +€10,328 | +427% |
| Taxes, remuneration and social security | 45 | €1,651 | €6,926 | +€5,275 | +319% |
| Taxes | 450/3 | €1,651 | €6,926 | +€5,275 | +319% |
| Other amounts payable | 47/48 | €44,368 | €39,109 | -€5,258 | -11.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,565 | €21,162 | +€9,597 | +83.0% |
| Other operating charges | 640/8 | €49 | €46 | -€3 | -5.7% |
| Gross operating margin | 9900 | €36,914 | €41,958 | +€5,044 | +13.7% |
| Operating profit (loss) | 9901 | €25,300 | €20,749 | -€4,551 | -18.0% |
| Financial income | 75/76B | €47 | €488 | +€441 | +930% |
| Recurring financial income | 75 | €47 | €488 | +€441 | +930% |
| Financial charges | 65/66B | €505 | €343 | -€162 | -32.1% |
| Recurring financial charges | 65 | €505 | €343 | -€162 | -32.1% |
| Profit (loss) for the period before taxes | 9903 | €24,842 | €20,894 | -€3,948 | -15.9% |
| Income taxes | 67/77 | €4,845 | €5,518 | +€673 | +13.9% |
| Profit (loss) for the period | 9904 | €19,997 | €15,376 | -€4,621 | -23.1% |
| Profit (loss) for the period to be appropriated | 9905 | €19,997 | €15,376 | -€4,621 | -23.1% |
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 17 October 2026 via checked.be.