KVE Invest: 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.
KVE Invest
Largest movements
- Receivables within one year -€100,954
down €100,954 (-98.9%), from €102,116 to €1,161
of which Other amounts receivable: -€101,916
- Tangible fixed assets -€8,235
down €8,235 (-1.7%), from €496,383 to €488,148
- Short-term financial debts -€94,844
down €94,844 (-100.0%), from €94,844 to €0
- Debts after one year -€9,933
down €9,933 (-2.1%), from €469,153 to €459,220
of which Financial debts: -€24,426
- Gross operating margin +€32,862
up €32,862 (+1936.2%), from €1,697 to €34,559
- Financial charges +€14,293
up €14,293 (+251.1%), from €5,693 to €19,987
- Depreciation +€10,694
up €10,694 (+517.7%), from €2,066 to €12,760
- Other operating charges -€622
down €622 (-49.3%), from €1,262 to €639
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 | €598,499 | €493,051 | -€105,448 | -17.6% |
| Fixed assets | 21/28 | €496,383 | €488,148 | -€8,235 | -1.7% |
| Tangible fixed assets | 22/27 | €496,383 | €488,148 | -€8,235 | -1.7% |
| Land and buildings | 22 | €496,383 | €488,148 | -€8,235 | -1.7% |
| Current assets | 29/58 | €102,116 | €4,903 | -€97,213 | -95.2% |
| Amounts receivable within one year | 40/41 | €102,116 | €1,161 | -€100,954 | -98.9% |
| Trade receivables | 40 | €200 | €1,161 | +€961 | +480.7% |
| Other amounts receivable | 41 | €101,916 | €0 | -€101,916 | -100.0% |
| Cash at bank and in hand | 54/58 | - | €3,742 | +€3,742 | |
| Total equity and liabilities | 10/49 | €598,499 | €493,051 | -€105,448 | -17.6% |
| Equity | 10/15 | €2,677 | €3,849 | +€1,173 | +43.8% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,323 | -€6,151 | +€1,173 | +16.0% |
| Amounts payable | 17/49 | €595,823 | €489,202 | -€106,621 | -17.9% |
| Amounts payable after more than one year | 17 | €469,153 | €459,220 | -€9,933 | -2.1% |
| Financial debts | 170/4 | €422,517 | €398,092 | -€24,426 | -5.8% |
| Other amounts payable | 178/9 | €46,636 | €61,128 | +€14,492 | +31.1% |
| Amounts payable within one year | 42/48 | €119,985 | €26,798 | -€93,188 | -77.7% |
| Current portion of amounts payable after more than one year | 42 | €23,622 | €24,426 | +€804 | +3.4% |
| Financial debts | 43 | €94,844 | €0 | -€94,844 | -100.0% |
| Credit institutions | 430/8 | €94,844 | €0 | -€94,844 | -100.0% |
| Trade debts | 44 | €1,520 | €78 | -€1,441 | -94.8% |
| Suppliers | 440/4 | €1,520 | €78 | -€1,441 | -94.8% |
| Taxes, remuneration and social security | 45 | - | €2,294 | +€2,294 | |
| Taxes | 450/3 | - | €2,294 | +€2,294 | |
| Accrued charges and deferred income | 492/3 | €6,684 | €3,184 | -€3,500 | -52.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,066 | €12,760 | +€10,694 | +517.7% |
| Other operating charges | 640/8 | €1,262 | €639 | -€622 | -49.3% |
| Gross operating margin | 9900 | €1,697 | €34,559 | +€32,862 | +1936.2% |
| Operating profit (loss) | 9901 | -€1,630 | €21,160 | +€22,790 | |
| Financial charges | 65/66B | €5,693 | €19,987 | +€14,293 | +251.1% |
| Recurring financial charges | 65 | €5,693 | €19,987 | +€14,293 | +251.1% |
| Profit (loss) for the period before taxes | 9903 | -€7,323 | €1,173 | +€8,496 | |
| Profit (loss) for the period | 9904 | -€7,323 | €1,173 | +€8,496 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,323 | €1,173 | +€8,496 |
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.