KVH Consult: 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 Consult
Largest movements
- Cash +€77,713
up €77,713 (+138%), from €56,496 to €134,210
mainly Other debts (+€378,174) and Net result for the year (+€262,106)
- Receivables within one year +€15,146
up €15,146 (+4.6%), from €330,939 to €346,085
of which Other amounts receivable: +€12,637
- Tangible fixed assets -€7,516
down €7,516 (-22.1%), from €34,018 to €26,502
of which Plant, machinery and equipment: -€5,973
- Other debts +€378,174
up €378,174 (+4,182%), from €9,044 to €387,218
- Debts after one year -€195,500
no longer reported in 2025 (was €195,500)
- Profit (loss) carried forward -€187,894
down €187,894 (-92.5%), from €203,102 to €15,208
- Tax, wage and social debts +€70,469
up €70,469 (+822%), from €8,575 to €79,044
- Short-term financial debts +€19,879
up €19,879 (+66.1%), from €30,088 to €49,967
- Gross operating margin +€80,904
up €80,904 (+30.3%), from €267,256 to €348,160
- Taxes +€19,655
up €19,655 (+30.4%), from €64,632 to €84,288
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 | €468,117 | €553,461 | +€85,344 | +18.2% |
| Fixed assets | 21/28 | €80,682 | €73,166 | -€7,516 | -9.3% |
| Tangible fixed assets | 22/27 | €34,018 | €26,502 | -€7,516 | -22.1% |
| Plant, machinery and equipment | 23 | €27,495 | €21,521 | -€5,973 | -21.7% |
| Furniture and vehicles | 24 | €6,523 | €4,980 | -€1,543 | -23.7% |
| Financial fixed assets | 28 | €46,665 | €46,665 | = | 0.0% |
| Current assets | 29/58 | €387,435 | €480,295 | +€92,860 | +24.0% |
| Amounts receivable within one year | 40/41 | €330,939 | €346,085 | +€15,146 | +4.6% |
| Trade receivables | 40 | €22,430 | €24,939 | +€2,509 | +11.2% |
| Other amounts receivable | 41 | €308,509 | €321,146 | +€12,637 | +4.1% |
| Cash at bank and in hand | 54/58 | €56,496 | €134,210 | +€77,713 | +138% |
| Total equity and liabilities | 10/49 | €468,117 | €553,461 | +€85,344 | +18.2% |
| Equity | 10/15 | €223,562 | €35,668 | -€187,894 | -84.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €203,102 | €15,208 | -€187,894 | -92.5% |
| Amounts payable | 17/49 | €244,555 | €517,793 | +€273,238 | +112% |
| Amounts payable after more than one year | 17 | €195,500 | - | -€195,500 | |
| Other amounts payable | 178/9 | €195,500 | - | -€195,500 | |
| Amounts payable within one year | 42/48 | €47,810 | €517,793 | +€469,983 | +983% |
| Financial debts | 43 | €30,088 | €49,967 | +€19,879 | +66.1% |
| Credit institutions | 430/8 | €30,088 | €49,967 | +€19,879 | +66.1% |
| Trade debts | 44 | €103 | €1,563 | +€1,461 | +1,421% |
| Suppliers | 440/4 | €103 | €1,563 | +€1,461 | +1,421% |
| Taxes, remuneration and social security | 45 | €8,575 | €79,044 | +€70,469 | +822% |
| Taxes | 450/3 | €8,575 | €79,044 | +€70,469 | +822% |
| Other amounts payable | 47/48 | €9,044 | €387,218 | +€378,174 | +4,182% |
| Accrued charges and deferred income | 492/3 | €1,245 | - | -€1,245 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,712 | €8,672 | -€1,040 | -10.7% |
| Gross operating margin | 9900 | €267,256 | €348,160 | +€80,904 | +30.3% |
| Operating profit (loss) | 9901 | €257,544 | €339,488 | +€81,944 | +31.8% |
| Financial income | 75/76B | €15,017 | €12,339 | -€2,679 | -17.8% |
| Recurring financial income | 75 | €15,017 | €12,339 | -€2,679 | -17.8% |
| Financial charges | 65/66B | €5,609 | €5,433 | -€175 | -3.1% |
| Recurring financial charges | 65 | €5,609 | €5,433 | -€175 | -3.1% |
| Profit (loss) for the period before taxes | 9903 | €266,953 | €346,394 | +€79,441 | +29.8% |
| Income taxes | 67/77 | €64,632 | €84,288 | +€19,655 | +30.4% |
| Profit (loss) for the period | 9904 | €202,321 | €262,106 | +€59,786 | +29.5% |
| Profit (loss) for the period to be appropriated | 9905 | €202,321 | €262,106 | +€59,786 | +29.5% |
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 17 October 2026 via checked.be.