KVE-PROJECTS: 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-PROJECTS
Largest movements
- Receivables within one year -€2,474
down €2,474 (-66.7%), from €3,708 to €1,235
- Profit (loss) carried forward -€2,693
down €2,693 (-84.5%), from €3,185 to €492
- Gross operating margin -€2,177
down €2,177, from €231 to -€1,946
- Depreciation -€71
down €71 (-100.0%), from €71 to €0
- Other operating charges -€25
down €25 (-4.4%), from €569 to €544
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 | €79,678 | €76,985 | -€2,693 | -3.4% |
| Fixed assets | 21/28 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Current assets | 29/58 | €79,678 | €76,985 | -€2,693 | -3.4% |
| Amounts receivable within one year | 40/41 | €3,708 | €1,235 | -€2,474 | -66.7% |
| Other amounts receivable | 41 | €3,708 | €1,235 | -€2,474 | -66.7% |
| Cash at bank and in hand | 54/58 | €75,970 | €75,750 | -€219 | -0.3% |
| Total equity and liabilities | 10/49 | €79,678 | €76,985 | -€2,693 | -3.4% |
| Equity | 10/15 | €79,678 | €76,985 | -€2,693 | -3.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €57,893 | €57,893 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €56,033 | €56,033 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,185 | €492 | -€2,693 | -84.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €71 | €0 | -€71 | -100.0% |
| Other operating charges | 640/8 | €569 | €544 | -€25 | -4.4% |
| Gross operating margin | 9900 | €231 | -€1,946 | -€2,177 | |
| Operating profit (loss) | 9901 | -€409 | -€2,490 | -€2,081 | -508.7% |
| Financial charges | 65/66B | €190 | €203 | +€13 | +6.8% |
| Recurring financial charges | 65 | €190 | €203 | +€13 | +6.8% |
| Profit (loss) for the period before taxes | 9903 | -€599 | -€2,693 | -€2,094 | -349.3% |
| Profit (loss) for the period | 9904 | -€599 | -€2,693 | -€2,094 | -349.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€599 | -€2,693 | -€2,094 | -349.3% |
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.