KVE HR Solutions: 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 HR Solutions
Largest movements
- Cash +€47,976
up €47,976 (+47.7%), from €100,683 to €148,659
mainly Net result for the year (+€34,551) and Depreciation (+€11,351)
- Tangible fixed assets -€11,351
down €11,351 (-30.5%), from €37,208 to €25,857
of which Furniture and vehicles: -€10,773
- Receivables within one year -€9,438
no longer reported in 2025 (was €9,438)
- Profit (loss) carried forward +€34,551
up €34,551 (+34.1%), from €101,372 to €135,923
- Tax, wage and social debts -€7,892
down €7,892 (-21.6%), from €36,531 to €28,639
of which Taxes: -€7,682
- Gross operating margin -€14,501
down €14,501 (-20.7%), from €69,982 to €55,481
- Taxes -€3,036
down €3,036 (-25.3%), from €12,000 to €8,964
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 | €147,329 | €174,516 | +€27,187 | +18.5% |
| Fixed assets | 21/28 | €37,208 | €25,857 | -€11,351 | -30.5% |
| Tangible fixed assets | 22/27 | €37,208 | €25,857 | -€11,351 | -30.5% |
| Plant, machinery and equipment | 23 | €1,878 | €1,300 | -€578 | -30.8% |
| Furniture and vehicles | 24 | €35,330 | €24,557 | -€10,773 | -30.5% |
| Current assets | 29/58 | €110,121 | €148,659 | +€38,538 | +35.0% |
| Amounts receivable within one year | 40/41 | €9,438 | - | -€9,438 | |
| Trade receivables | 40 | €9,438 | - | -€9,438 | |
| Cash at bank and in hand | 54/58 | €100,683 | €148,659 | +€47,976 | +47.7% |
| Total equity and liabilities | 10/49 | €147,329 | €174,516 | +€27,187 | +18.5% |
| Equity | 10/15 | €103,872 | €138,423 | +€34,551 | +33.3% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €101,372 | €135,923 | +€34,551 | +34.1% |
| Amounts payable | 17/49 | €43,457 | €36,093 | -€7,364 | -16.9% |
| Amounts payable within one year | 42/48 | €43,457 | €36,093 | -€7,364 | -16.9% |
| Trade debts | 44 | €1,301 | €1,199 | -€102 | -7.8% |
| Suppliers | 440/4 | €1,301 | €1,199 | -€102 | -7.8% |
| Taxes, remuneration and social security | 45 | €36,531 | €28,639 | -€7,892 | -21.6% |
| Taxes | 450/3 | €34,681 | €26,999 | -€7,682 | -22.2% |
| Remuneration and social security | 454/9 | €1,850 | €1,640 | -€210 | -11.4% |
| Other amounts payable | 47/48 | €5,625 | €6,255 | +€630 | +11.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,250 | €11,351 | +€101 | +0.9% |
| Other operating charges | 640/8 | €136 | €540 | +€404 | +297% |
| Gross operating margin | 9900 | €69,982 | €55,481 | -€14,501 | -20.7% |
| Operating profit (loss) | 9901 | €58,596 | €43,590 | -€15,006 | -25.6% |
| Financial charges | 65/66B | €82 | €75 | -€7 | -8.5% |
| Recurring financial charges | 65 | €82 | €75 | -€7 | -8.5% |
| Profit (loss) for the period before taxes | 9903 | €58,514 | €43,515 | -€14,999 | -25.6% |
| Income taxes | 67/77 | €12,000 | €8,964 | -€3,036 | -25.3% |
| Profit (loss) for the period | 9904 | €46,514 | €34,551 | -€11,963 | -25.7% |
| Profit (loss) for the period to be appropriated | 9905 | €46,514 | €34,551 | -€11,963 | -25.7% |
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 29 October 2026 via checked.be.