KVE ENGINEERING: 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.
KVE ENGINEERING
Largest movements
- Receivables within one year -€11,475
down €11,475 (-11.8%), from €96,912 to €85,437
of which Trade receivables: -€21,080
- Tangible fixed assets -€3,179
down €3,179 (-54.4%), from €5,843 to €2,664
of which Furniture and vehicles: -€1,953
- Trade debts +€42,768
up €42,768 (+138%), from €30,894 to €73,661
- Tax, wage and social debts -€41,319
down €41,319 (-69.9%), from €59,105 to €17,786
- Profit (loss) carried forward -€17,420
down €17,420 (-12.4%), from €141,044 to €123,625
- Short-term financial debts +€10,616
up €10,616 (+74.8%), from €14,196 to €24,813
- Current portion of long-term debt -€9,300
down €9,300 (-66.8%), from €13,917 to €4,616
- Gross operating margin -€61,176
down €61,176, from €51,330 to -€9,846
- Taxes -€10,302
no longer reported in 2025 (was €10,302)
- Financial charges -€3,251
down €3,251 (-35.8%), from €9,093 to €5,842
- Financial income +€3,000
new in 2025: €3,000
of which Financial income: +€3,000
- Other operating charges -€2,506
down €2,506 (-61.8%), from €4,058 to €1,552
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €277,755 | €263,101 | -€14,654 | -5.3% |
| Fixed assets | 21/28 | €5,843 | €2,664 | -€3,179 | -54.4% |
| Tangible fixed assets | 22/27 | €5,843 | €2,664 | -€3,179 | -54.4% |
| Land and buildings | 22 | €813 | - | -€813 | |
| Plant, machinery and equipment | 23 | €628 | €215 | -€413 | -65.7% |
| Furniture and vehicles | 24 | €4,402 | €2,449 | -€1,953 | -44.4% |
| Current assets | 29/58 | €271,912 | €260,437 | -€11,475 | -4.2% |
| Amounts receivable after more than one year | 29 | €175,000 | €175,000 | = | 0.0% |
| Other amounts receivable | 291 | €175,000 | €175,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €96,912 | €85,437 | -€11,475 | -11.8% |
| Trade receivables | 40 | €39,080 | €18,000 | -€21,080 | -53.9% |
| Other amounts receivable | 41 | €57,832 | €67,437 | +€9,605 | +16.6% |
| Total equity and liabilities | 10/49 | €277,755 | €263,101 | -€14,654 | -5.3% |
| Equity | 10/15 | €159,644 | €142,225 | -€17,420 | -10.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €141,044 | €123,625 | -€17,420 | -12.4% |
| Amounts payable | 17/49 | €118,111 | €120,876 | +€2,766 | +2.3% |
| Amounts payable within one year | 42/48 | €118,111 | €120,876 | +€2,766 | +2.3% |
| Current portion of amounts payable after more than one year | 42 | €13,917 | €4,616 | -€9,300 | -66.8% |
| Financial debts | 43 | €14,196 | €24,813 | +€10,616 | +74.8% |
| Credit institutions | 430/8 | €14,196 | €24,813 | +€10,616 | +74.8% |
| Trade debts | 44 | €30,894 | €73,661 | +€42,768 | +138% |
| Suppliers | 440/4 | €30,894 | €73,661 | +€42,768 | +138% |
| Taxes, remuneration and social security | 45 | €59,105 | €17,786 | -€41,319 | -69.9% |
| Taxes | 450/3 | €59,105 | €17,786 | -€41,319 | -69.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,356 | €3,179 | -€2,177 | -40.6% |
| Other operating charges | 640/8 | €4,058 | €1,552 | -€2,506 | -61.8% |
| Gross operating margin | 9900 | €51,330 | -€9,846 | -€61,176 | |
| Operating profit (loss) | 9901 | €41,915 | -€14,578 | -€56,493 | |
| Financial income | 75/76B | - | €3,000 | +€3,000 | |
| Recurring financial income | 75 | - | €3,000 | +€3,000 | |
| Non-recurring financial income | 76B | - | €3,000 | +€3,000 | |
| Financial charges | 65/66B | €9,093 | €5,842 | -€3,251 | -35.8% |
| Recurring financial charges | 65 | €9,093 | €5,842 | -€3,251 | -35.8% |
| Profit (loss) for the period before taxes | 9903 | €32,822 | -€17,420 | -€50,242 | |
| Income taxes | 67/77 | €10,302 | - | -€10,302 | |
| Profit (loss) for the period | 9904 | €22,519 | -€17,420 | -€39,939 | |
| Profit (loss) for the period to be appropriated | 9905 | €22,519 | -€17,420 | -€39,939 |
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 22 October 2026 via checked.be.