KVH TELECOM HOLDING: what changed
What changed
KVH TELECOM HOLDING
filed annual accounts (NBB)
Net result for the year
€11.5m
2024 · €11.6m-€39,982
Equity
€281.1m
2024 · €269.6m+€11.5m
Cash
€675,887
2024 · €70,985+€604,902
Balance sheet total
€282.3m
2024 · €272.4m+€9.9m
Largest movements
Assets
- Deferred charges and accrued income +€10.3m
up €10.3m (+60.0%), from €17.1m to €27.4m
Equity and liabilities
- Profit (loss) carried forward +€11.5m
up €11.5m (+5.0%), from €229.6m to €241.2m
Income statement
No income-statement line moved by more than 1% of the activity.
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.
Result 2024
€11.6m
Other operating charges
-€611
Other operating items
-€8,891
Financial income
-€56,801
Financial charges
-€41,882
Taxes
+€68,202
Result 2025
€11.5m
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€604,902
Investment
€0
Financing
€0
Cash 2024
€70,985
From operations (derived)
+€604,902
Net result for the year
+€11.5m
Receivables within one year
+€1.0m
Deferred charges and accrued income
-€10.3m
Smaller working-capital items
+€19,169
Tax, wage and social debts
-€1.7m
Cash 2025
€675,887
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €272,429,895 | €282,299,629 | +€9.9m | +3.6% |
| Current assets | 29/58 | €272,429,895 | €282,299,629 | +€9.9m | +3.6% |
| Amounts receivable after more than one year | 29 | €254,082,000 | €254,082,000 | = | 0.0% |
| Other amounts receivable | 291 | €254,082,000 | €254,082,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €1,158,661 | €144,147 | -€1.0m | -87.6% |
| Other amounts receivable | 41 | €1,158,661 | €144,147 | -€1.0m | -87.6% |
| Cash at bank and in hand | 54/58 | €70,985 | €675,887 | +€604,902 | +852% |
| Deferred charges and accrued income | 490/1 | €17,118,249 | €27,397,595 | +€10.3m | +60.0% |
| Total equity and liabilities | 10/49 | €272,429,895 | €282,299,629 | +€9.9m | +3.6% |
| Equity | 10/15 | €269,575,237 | €281,103,637 | +€11.5m | +4.3% |
| Contributions | 10/11 | €39,940,997 | €39,940,997 | = | 0.0% |
| Contributions outside capital | 11 | €39,940,997 | €39,940,997 | = | 0.0% |
| Other | 1109/19 | €39,940,997 | €39,940,997 | = | 0.0% |
| Profit (loss) carried forward | 14 | €229,634,240 | €241,162,640 | +€11.5m | +5.0% |
| Amounts payable | 17/49 | €2,854,659 | €1,195,992 | -€1.7m | -58.1% |
| Amounts payable within one year | 42/48 | €2,854,659 | €1,190,412 | -€1.7m | -58.3% |
| Trade debts | 44 | €14,819 | €28,408 | +€13,589 | +91.7% |
| Suppliers | 440/4 | €14,819 | €28,408 | +€13,589 | +91.7% |
| Taxes, remuneration and social security | 45 | €1,712,289 | €34,453 | -€1.7m | -98.0% |
| Taxes | 450/3 | €1,712,289 | €34,453 | -€1.7m | -98.0% |
| Other amounts payable | 47/48 | €1,127,550 | €1,127,550 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | - | €5,580 | +€5,580 | |
| Operating charges | 60/66A | €15,798 | €25,300 | +€9,502 | +60.1% |
| Services and other goods | 61 | €15,410 | €24,301 | +€8,891 | +57.7% |
| Other operating charges | 640/8 | €387 | €998 | +€611 | +158% |
| Operating profit (loss) | 9901 | -€15,798 | -€25,300 | -€9,502 | -60.1% |
| Financial income | 75/76B | €15,499,002 | €15,442,201 | -€56,801 | -0.4% |
| Recurring financial income | 75 | €15,499,002 | €15,442,201 | -€56,801 | -0.4% |
| Income from current assets | 751 | €15,499,002 | €15,442,201 | -€56,801 | -0.4% |
| Financial charges | 65/66B | €914 | €42,796 | +€41,882 | +4,581% |
| Recurring financial charges | 65 | €914 | €42,796 | +€41,882 | +4,581% |
| Debt charges | 650 | - | €41,806 | +€41,806 | |
| Other financial charges | 652/9 | €914 | €990 | +€76 | +8.3% |
| Profit (loss) for the period before taxes | 9903 | €15,482,290 | €15,374,106 | -€108,184 | -0.7% |
| Income taxes | 67/77 | €3,913,908 | €3,845,705 | -€68,202 | -1.7% |
| Taxes | 670/3 | €3,913,908 | €3,845,705 | -€68,202 | -1.7% |
| Profit (loss) for the period | 9904 | €11,568,383 | €11,528,400 | -€39,982 | -0.3% |
| Profit (loss) for the period to be appropriated | 9905 | €11,568,383 | €11,528,400 | -€39,982 | -0.3% |
Next steps
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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 3 November 2026 via checked.be.