KVH SOLUTIONS: 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 SOLUTIONS
Largest movements
- Cash -€35,313
down €35,313 (-73.6%), from €47,989 to €12,676
mainly Tax, wage and social debts (-€42,236) and Receivables within one year (-€22,026)
- Receivables within one year +€22,026
up €22,026 (+7.2%), from €305,163 to €327,190
of which Other amounts receivable: +€23,914
- Tax, wage and social debts -€42,236
down €42,236 (-35.8%), from €117,974 to €75,739
of which Remuneration and social security: -€47,948
- Profit (loss) carried forward +€29,253
up €29,253 (+18.9%), from €154,738 to €183,991
- Trade debts -€10,994
down €10,994 (-85.4%), from €12,875 to €1,881
- Other debts +€9,206
new in 2025: €9,206
- Gross operating margin -€92,632
down €92,632 (-8.4%), from €1.1m to €1.0m
- Staff costs -€52,142
down €52,142 (-5.2%), from €1.0m to €950,483
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 | €367,712 | €354,260 | -€13,452 | -3.7% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €14,560 | €14,394 | -€166 | -1.1% |
| Tangible fixed assets | 22/27 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Financial fixed assets | 28 | €14,560 | €14,394 | -€166 | -1.1% |
| Current assets | 29/58 | €353,152 | €339,866 | -€13,286 | -3.8% |
| Amounts receivable within one year | 40/41 | €305,163 | €327,190 | +€22,026 | +7.2% |
| Trade receivables | 40 | €278,966 | €277,078 | -€1,888 | -0.7% |
| Other amounts receivable | 41 | €26,198 | €50,112 | +€23,914 | +91.3% |
| Cash at bank and in hand | 54/58 | €47,989 | €12,676 | -€35,313 | -73.6% |
| Total equity and liabilities | 10/49 | €367,712 | €354,260 | -€13,452 | -3.7% |
| Equity | 10/15 | €159,738 | €188,991 | +€29,253 | +18.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €154,738 | €183,991 | +€29,253 | +18.9% |
| Amounts payable | 17/49 | €207,974 | €165,269 | -€42,705 | -20.5% |
| Amounts payable within one year | 42/48 | €207,974 | €165,269 | -€42,705 | -20.5% |
| Current portion of amounts payable after more than one year | 42 | €77,125 | €78,443 | +€1,318 | +1.7% |
| Trade debts | 44 | €12,875 | €1,881 | -€10,994 | -85.4% |
| Suppliers | 440/4 | €12,875 | €1,881 | -€10,994 | -85.4% |
| Taxes, remuneration and social security | 45 | €117,974 | €75,739 | -€42,236 | -35.8% |
| Taxes | 450/3 | €45,372 | €51,085 | +€5,713 | +12.6% |
| Remuneration and social security | 454/9 | €72,602 | €24,654 | -€47,948 | -66.0% |
| Other amounts payable | 47/48 | - | €9,206 | +€9,206 | |
| Remuneration, social security and pensions | 62 | €1,002,624 | €950,483 | -€52,142 | -5.2% |
| Other operating charges | 640/8 | €4,369 | €5,603 | +€1,234 | +28.3% |
| Gross operating margin | 9900 | €1,107,928 | €1,015,296 | -€92,632 | -8.4% |
| Operating profit (loss) | 9901 | €100,935 | €59,210 | -€41,724 | -41.3% |
| Financial charges | 65/66B | €4,516 | €5,485 | +€968 | +21.4% |
| Recurring financial charges | 65 | €4,516 | €5,485 | +€968 | +21.4% |
| Profit (loss) for the period before taxes | 9903 | €96,418 | €53,726 | -€42,693 | -44.3% |
| Income taxes | 67/77 | €34,625 | €24,473 | -€10,153 | -29.3% |
| Profit (loss) for the period | 9904 | €61,793 | €29,253 | -€32,540 | -52.7% |
| Profit (loss) for the period to be appropriated | 9905 | €61,793 | €29,253 | -€32,540 | -52.7% |
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 20 October 2026 via checked.be.