KVH Menuiserie: what changed
KVH Menuiserie
Largest movements
- Tangible fixed assets -€2,908
down €2,908 (-33.8%), from €8,603 to €5,695
of which Furniture and vehicles: -€3,176
- Cash -€2,117
down €2,117 (-26.4%), from €8,017 to €5,900
mainly Net result for the year (-€5,981) and Other debts (-€1,071)
- Receivables within one year -€525
down €525 (-4.7%), from €11,055 to €10,531
of which Other amounts receivable: -€627
- Profit (loss) carried forward -€5,981
down €5,981, from €283 to -€5,698
- Trade debts +€1,841
up €1,841 (+135%), from €1,361 to €3,202
- Other debts -€1,071
down €1,071 (-8.1%), from €13,151 to €12,079
- Tax, wage and social debts -€388
no longer reported in 2025 (was €388)
- Gross operating margin -€11,473
down €11,473 (-88.1%), from €13,019 to €1,546
- Financial charges -€3,357
down €3,357 (-97.5%), from €3,444 to €87
- Taxes +€527
up €527 (+211%), from €250 to €777
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €27,716 | €22,166 | -€5,550 | -20.0% |
| Fixed assets | 21/28 | €8,643 | €5,735 | -€2,908 | -33.6% |
| Tangible fixed assets | 22/27 | €8,603 | €5,695 | -€2,908 | -33.8% |
| Plant, machinery and equipment | 23 | €684 | €952 | +€268 | +39.2% |
| Furniture and vehicles | 24 | €7,919 | €4,743 | -€3,176 | -40.1% |
| Leasing and similar rights | 25 | €0 | €0 | = | |
| Financial fixed assets | 28 | €40 | €40 | = | 0.0% |
| Current assets | 29/58 | €19,073 | €16,431 | -€2,642 | -13.9% |
| Amounts receivable within one year | 40/41 | €11,055 | €10,531 | -€525 | -4.7% |
| Trade receivables | 40 | €3,653 | €3,755 | +€102 | +2.8% |
| Other amounts receivable | 41 | €7,403 | €6,776 | -€627 | -8.5% |
| Cash at bank and in hand | 54/58 | €8,017 | €5,900 | -€2,117 | -26.4% |
| Total equity and liabilities | 10/49 | €27,716 | €22,166 | -€5,550 | -20.0% |
| Equity | 10/15 | €10,843 | €4,862 | -€5,981 | -55.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €4,360 | €4,360 | = | 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 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €283 | -€5,698 | -€5,981 | |
| Amounts payable | 17/49 | €16,873 | €17,304 | +€431 | +2.6% |
| Amounts payable within one year | 42/48 | €16,873 | €17,304 | +€431 | +2.6% |
| Current portion of amounts payable after more than one year | 42 | €1,973 | €2,022 | +€49 | +2.5% |
| Trade debts | 44 | €1,361 | €3,202 | +€1,841 | +135% |
| Suppliers | 440/4 | €1,361 | €3,202 | +€1,841 | +135% |
| Taxes, remuneration and social security | 45 | €388 | - | -€388 | |
| Taxes | 450/3 | €388 | - | -€388 | |
| Other amounts payable | 47/48 | €13,151 | €12,079 | -€1,071 | -8.1% |
| Remuneration, social security and pensions | 62 | €2,954 | €2,871 | -€83 | -2.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,257 | €3,374 | +€117 | +3.6% |
| Other operating charges | 640/8 | €492 | €418 | -€74 | -15.0% |
| Gross operating margin | 9900 | €13,019 | €1,546 | -€11,473 | -88.1% |
| Operating profit (loss) | 9901 | €6,316 | -€5,117 | -€11,433 | |
| Financial income | 75/76B | €6 | - | -€6 | |
| Recurring financial income | 75 | €6 | - | -€6 | |
| Financial charges | 65/66B | €3,444 | €87 | -€3,357 | -97.5% |
| Recurring financial charges | 65 | €3,444 | €87 | -€3,357 | -97.5% |
| Profit (loss) for the period before taxes | 9903 | €2,877 | -€5,204 | -€8,082 | |
| Income taxes | 67/77 | €250 | €777 | +€527 | +211% |
| Profit (loss) for the period | 9904 | €2,627 | -€5,981 | -€8,609 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,627 | -€5,981 | -€8,609 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.