KVH Building: 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.
KVH Building
Largest movements
- Tangible fixed assets +€20,469
up €20,469 (+49.3%), from €41,546 to €62,015
of which Furniture and vehicles: +€22,616
- Receivables within one year -€15,361
down €15,361 (-73.1%), from €21,026 to €5,665
of which Trade receivables: -€17,593
- Cash +€10,762
up €10,762 (+146%), from €7,380 to €18,141
mainly Debts after one year (+€26,558) and Receivables within one year (+€15,361)
- Current investments +€8,155
up €8,155 (+22.7%), from €35,879 to €44,034
- Debts after one year +€26,558
up €26,558 (+71.8%), from €36,988 to €63,545
- Tax, wage and social debts -€7,956
down €7,956 (-75.8%), from €10,502 to €2,546
- Provisions +€2,600
new in 2025: €2,600
- Trade debts +€1,540
up €1,540 (+49.8%), from €3,091 to €4,631
- Gross operating margin -€14,625
down €14,625 (-53.4%), from €27,367 to €12,742
- Depreciation -€3,924
down €3,924 (-30.8%), from €12,739 to €8,815
- Financial income +€3,819
up €3,819 (+581%), from €658 to €4,477
- Taxes -€3,017
down €3,017 (-61.5%), from €4,909 to €1,892
- Provisions +€2,600
new in 2025: €2,600
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 | €109,580 | €134,430 | +€24,850 | +22.7% |
| Fixed assets | 21/28 | €42,046 | €62,515 | +€20,469 | +48.7% |
| Tangible fixed assets | 22/27 | €41,546 | €62,015 | +€20,469 | +49.3% |
| Land and buildings | 22 | €10,086 | €8,489 | -€1,597 | -15.8% |
| Furniture and vehicles | 24 | €27,725 | €50,340 | +€22,616 | +81.6% |
| Other tangible fixed assets | 26 | €3,735 | €3,185 | -€550 | -14.7% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €67,534 | €71,915 | +€4,381 | +6.5% |
| Amounts receivable within one year | 40/41 | €21,026 | €5,665 | -€15,361 | -73.1% |
| Trade receivables | 40 | €18,050 | €457 | -€17,593 | -97.5% |
| Other amounts receivable | 41 | €2,976 | €5,209 | +€2,233 | +75.0% |
| Current investments | 50/53 | €35,879 | €44,034 | +€8,155 | +22.7% |
| Cash at bank and in hand | 54/58 | €7,380 | €18,141 | +€10,762 | +146% |
| Deferred charges and accrued income | 490/1 | €3,249 | €4,074 | +€826 | +25.4% |
| Total equity and liabilities | 10/49 | €109,580 | €134,430 | +€24,850 | +22.7% |
| Equity | 10/15 | €58,492 | €59,807 | +€1,315 | +2.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €52,292 | €53,607 | +€1,315 | +2.5% |
| Distributable reserves | 133 | €52,292 | €53,607 | +€1,315 | +2.5% |
| Provisions and deferred taxes | 16 | - | €2,600 | +€2,600 | |
| Provisions for liabilities and charges | 160/5 | - | €2,600 | +€2,600 | |
| Other liabilities and charges | 164/5 | - | €2,600 | +€2,600 | |
| Amounts payable | 17/49 | €51,087 | €72,022 | +€20,935 | +41.0% |
| Amounts payable after more than one year | 17 | €36,988 | €63,545 | +€26,558 | +71.8% |
| Other amounts payable | 178/9 | €36,988 | €63,545 | +€26,558 | +71.8% |
| Amounts payable within one year | 42/48 | €14,100 | €8,477 | -€5,623 | -39.9% |
| Financial debts | 43 | €507 | €1,300 | +€792 | +156% |
| Credit institutions | 430/8 | €507 | €1,300 | +€792 | +156% |
| Trade debts | 44 | €3,091 | €4,631 | +€1,540 | +49.8% |
| Suppliers | 440/4 | €3,091 | €4,631 | +€1,540 | +49.8% |
| Taxes, remuneration and social security | 45 | €10,502 | €2,546 | -€7,956 | -75.8% |
| Taxes | 450/3 | €10,502 | €2,546 | -€7,956 | -75.8% |
| Non-recurring operating income | 76A | €708 | €0 | -€708 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,739 | €8,815 | -€3,924 | -30.8% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €2,600 | +€2,600 | |
| Other operating charges | 640/8 | €872 | €892 | +€21 | +2.4% |
| Gross operating margin | 9900 | €27,367 | €12,742 | -€14,625 | -53.4% |
| Operating profit (loss) | 9901 | €13,757 | €435 | -€13,321 | -96.8% |
| Financial income | 75/76B | €658 | €4,477 | +€3,819 | +581% |
| Recurring financial income | 75 | €658 | €4,477 | +€3,819 | +581% |
| Financial charges | 65/66B | €3,296 | €1,705 | -€1,591 | -48.3% |
| Recurring financial charges | 65 | €3,296 | €1,705 | -€1,591 | -48.3% |
| Profit (loss) for the period before taxes | 9903 | €11,119 | €3,207 | -€7,911 | -71.2% |
| Income taxes | 67/77 | €4,909 | €1,892 | -€3,017 | -61.5% |
| Profit (loss) for the period | 9904 | €6,210 | €1,315 | -€4,895 | -78.8% |
| Profit (loss) for the period to be appropriated | 9905 | €6,210 | €1,315 | -€4,895 | -78.8% |
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 26 October 2026 via checked.be.